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"It does, indeed. We're not happy about that disaster, Commodore Howell. Not happy at all. And neither are our backers."

His gray eyes were hard, but Howell refused to flinch. He also refused to waste time defending himself until specific charges were leveled, and he returned Control's gaze in composed silence.

"You had perfect intelligence, Commodore," Control resumed when it became obvious Howell had nothing to say. "We handed you Elysium on a silver platter, and you not only lost three-quarters of your ground element, but you also managed to lose five cargo shuttles, a Leopard-class assault boat, four Bengals … and a million-tonne battle-cruiser. And to top it all off, you didn't even secure your objective. Tell me, Commodore, were you born incompetent, or did you have to work at it?"

"Since I believe I've demonstrated my competence in the past," Howell said in a mild tone which deceived neither of them, "I won't dignify that last question with a response, sir. On your other points, I believe the record speaks for itself. Poltava carried out a textbook attack run, but Captain Ortiz made a poor command decision and got too close to his last opponent. Things like that happen to even the best commanders, and when they happen fifteen light-minutes from the flagship, the flag officer can't prevent them."

He held Control's gaze, letting his eyes show the anger his voice did not, and saw something flicker deep under the other man's brows. Answering anger or respect-he couldn't tell, nor, at the moment, did he much care.

"As for the remainder of your … indictment, I would simply point out that your intelligence was, in fact, far from complete-and that you'd been warned success was problematical. You knew how tough it was going to be to secure GeneCorp's files. Had the enemy actually been in the positions you assured us they intended to assume, we would have succeeded in rushing the facilities. As it was, our ground commanders walked into what turned out to be, in effect, a trap precisely because they'd been told where to expect opposition. I probably am at fault for not stressing the need for complete preparedness despite our 'perfect' intelligence, but I submit that it would be wiser of you not to provide tactical data unless you can confirm its accuracy. Incorrect information is worse than none-as this operation demonstrated."

"No one can guarantee there won't be last-minute changes, Commodore."

"In that case, sir, it would be wise not to pretend you can," Howell returned in that same calm voice. He paused a beat, waiting for Control to respond, but he only made a throwaway gesture, and the commodore resumed.

"Finally, sir, I would further submit that whatever happened to our ground forces and whether or not we secured the GeneCorp data, we succeeded completely in what my mission description laid down as our primary objective. No doubt you have better casualty estimates than we do, but I feel quite confident we provided the 'atrocity' you wanted."

"Umph." Control rocked gently back and forth, simultaneously swinging his chair in tiny arcs, and puffed his mustache, then shrugged.

"Point taken," he said in a far less rancorous tone. He even smiled a bit. "As I'm sure you're well aware, shit flows downhill. Consider yourself doused with half the bucket that hit me in the face." His smile faded. "I assure you, however, that there was plenty to go around for both of us."

"Yes, sir." Howell allowed himself to relax in turn. "In fact, I already prepaid my own people for what I figured was coming my way," he confessed. "But in all seriousness, we did succeed in our primary mission."

"If it makes you feel any better, that's the opinion I expressed. As for your losses-" Control shrugged- "we're already recruiting new ground personnel from local Rogue Worlds, though I'm afraid we can't replace Poltava as quickly. But while you're right about your primary objective, it seems the secondary objective was more important than either of us had been informed."

"It was?" Howell tugged at an earlobe. "It would've been nice of them to let us know."

"Agreed, agreed." Control reached into a jacket pocket and extracted a cigar case. He selected one, clipped the end, and lit it. Howell watched, grateful for the ventilation intake directly above the desk, as Control puffed until it was drawing to his satisfaction, then waved it at him like a pointer.

"You see, Commodore, our Core World financial backers are getting a bit shaky. They're bloodthirsty enough in the abstract, and they're perfectly willing to contemplate heavy civilian casualties as long as someone else will be inflicting them, but they don't have the stomach for it once the bloodshed actually starts. Not because they give a good goddamn about the people involved, but because they suddenly recognize the reality of the stakes for which they're playing-and what'll happen to them if it comes apart."

Howell nodded as he heard the contempt in Control's voice.

"They're fat and rich, and they want to be fatter and richer, but while the wealth and power they've already got protect them from the consequences of most of their deals, this one's different. Nothing will save them if the Empire discovers their involvement, and their objectives are very different from ours. They're backing us solely in return for an immediate profit now and more concessions after we succeed, and I don't think they really understood how much anti-pirate hysteria we were going to have to whip up to make it all work."

He took another pull on his cigar and ejected a long, gray streamer.

"The reason I'm going into this at such length is that we don't have a stick to beat them with, so we need to keep the carrot in plain sight. At the moment, they can see the consequences of failure all too clearly, and some of them are worried that we're simply bringing the Fleet down on our heads by our actions. We, or course, know why we're doing that; they don't. This means that we need to throw them an immediate kilo of flesh if we don't want them backing out on us, and GeneCorp's data was supposed to be just that."

"I realize that, sir, but Captain Alexsov and I both pointed out the high probability of failure when the target was designated?"

"Forget that." Control waved his cigar a bit impatiently. "I jumped your shit over it, and you jumped right back. Fine. That's done with. The point before us now is where we go from here."

"Yes, sir."

"Good. Did you bring Alexsov along?"

"Yes, sir. He and Commander Shu are both aboard."

"Excellent." Control consulted his watch and made a face. "My people groundside can only cover me for a few hours, and I've got to get back to work by the end of next week. Taking even a short 'vacation' at a time like this has already gotten me a few dirty looks, and I can't do it again any time soon, so I want to tie up all the loose ends as quickly as possible. Let me lay it out for you, then you can bring them up to speed after I leave, right?"

"Of course."

"All right. As I say, we need a plainly visible carrot, and we think we've found one at Ringbolt."

"Ringbolt?" Howell repeated with some surprise. All of his targets to date had been imperial possessions, but Ringbolt was a Rogue World daughter colony, and the people it belonged to were nasty customers, indeed.

"Ringbolt. I know the El Grecans keep a close eye on it, but we happen to know they're going to be involved in some pretty elaborate Fleet maneuvers late next month. I've brought the details in my intelligence download. The point is, the Ringbolt squadron's being called back to El Greco in a home-defense mobilization exercise, which will leave the system uncovered for at least a week. That's your window, Commodore."

"I don't know much about the Ringbolt System, sir. What are the fixed defenses like? The El Grecans have an awfully impressive tech base for a Rogue World, and I'd hate to walk into a surprise."

"There are no fixed defenses. That's the beauty of it."

"None?"

"None. It makes sense when you think about it. The planet's only been colonized for fifty years, and when they moved in the colonists, all they had to worry about were other Rogue Worlds and the occasional genuine hijack outfit. They couldn't possibly stand off the Empire or the Sphere, so they decided not to try. As for other Rogue worlds or hijackers … if you were them, would you take on the El Grecans?"