“Great. Thanks.” I’m breathless. I catch Andrea’s fleeting puzzled look and choose to ignore it. “Can you order me a toasted bagel with cream cheese and smoked salmon and a coffee, black. Have it sent to my suite ASAP.”

“Yes, Mr. Grey.” She posts the link to the conference in the window. “Here you go, sir,” she says. I click the link—and I’m in.

“Good morning.” There are two executives seated at a conference table in New York, both gazing expectantly at the camera. Ros, Barney, and Fred are each in separate windows.

To business. Kavanagh says he wants to upgrade his media network to high-speed fiber-optic connections. GEH can do it for them—but are they serious about buying in? It’s a big investment up front, but a great payoff down the line.

While we’re talking an e-mail notification with an arresting title from Ana floats onto the top right corner of my screen. As quietly as I can, I click on it.

* * *

From: Anastasia Steele

Subject: Assault and Battery: The After-Effects

Date: May 27 2011 08:05

To: Christian Grey

Dear Mr. Grey,

You wanted to know why I felt confused after you—which euphemism should we apply—spanked, punished, beat, assaulted me.

A tad overdramatic, Miss Steele. You could have said no.

Well, during the whole alarming process, I felt demeaned, debased, and abused.

If you felt that way, why didn’t you stop me? You have safe words.

And much to my mortification, you’re right, I was aroused, and that was unexpected.

I know. Good. You’ve finally acknowledged it.

As you are well aware, all things sexual are new to me—I only wish I was more experienced and therefore more prepared. I was shocked to feel aroused.

What really worried me was how I felt afterward. And that’s more difficult to articulate. I was happy that you were happy. I felt relieved that it wasn’t as painful as I thought it would be. And when I was lying in your arms, I felt…sated.

As did I, Ana, as did I…

But I feel very uncomfortable, guilty even, feeling that way. It doesn’t sit well with me, and I’m confused as a result. Does that answer your question?

I hope the world of Mergers and Acquisitions is as stimulating as ever…and that you weren’t too late.

Thank you for staying with me.

Ana

Kavanagh joins the conversation, apologizing for his tardiness. While the introductions are made and Fred talks about what GEH can offer, I type out my reply to Ana. I hope to those on the other side of the computer screen it looks like I’m taking notes.

* * *

From: Christian Grey

Subject: Free Your Mind

Date: May 27 2011 08:24

To: Anastasia Steele

Interesting…if slightly overstated title heading, Miss Steele.

To answer your points:

I’ll go with spanking—as that’s what it was.

So you felt demeaned, debased, abused, and assaulted—how very Tess Durbeyfield of you. I believe it was you who decided on the debasement, if I remember correctly. Do you really feel like this or do you think you ought to feel like this? Two very different things. If that is how you feel, do you think you could just try to embrace these feelings, deal with them, for me? That’s what a submissive would do.

I am grateful for your inexperience. I value it, and I’m only beginning to understand what it means. Simply put…it means that you are mine in every way.

Yes, you were aroused, which in turn was very arousing, there’s nothing wrong with that.

Happy does not even begin to cover how I felt. Ecstatic joy comes close.

Punishment spanking hurts far more than sensual spanking—so that’s about as hard as it gets, unless, of course, you commit some major transgression, in which case I’ll use some implement to punish you with. My hand was very sore. But I like that.

I felt sated, too—more so than you could ever know.

Don’t waste your energy on guilt, feelings of wrongdoing, etc. We are consenting adults and what we do behind closed doors is between ourselves. You need to free your mind and listen to your body.

The world of M&A is not nearly as stimulating as you are, Miss Steele.

Christian Grey

CEO, Grey Enterprises Holdings, Inc.

Her response is almost immediate.

* * *

From: Anastasia Steele

Subject: Consenting Adults!

Date: May 27 2011 08:26

To: Christian Grey

Aren’t you in a meeting?

I’m very glad your hand was sore.

And if I listened to my body, I’d be in Alaska by now.

Ana

P.S.: I will think about embracing these feelings.

Alaska! Really, Miss Steele. I chuckle to myself and look like I’m engaged with the online conversation. There’s a knock on my door, and I apologize for interrupting the conference while I let room service in with my breakfast. Miss Dark, Dark Eyes rewards me with a flirtatious smile as I sign the check.

Returning to the WebEx, I find Fred briefing Kavanagh and his associates on how successful this technology has been for another client company dealing in futures.

“Will the technology help me with the futures market?” Kavanagh asks with a sardonic smile. When I tell him that Barney’s hard at work developing a crystal ball to predict prices, they all have the grace to laugh.

While Fred discusses a theoretical timeline for implementation and tech integration, I e-mail Ana.

* * *

From: Christian Grey

Subject: You Didn’t Call the Cops

Date: May 27 2011 08:35

To: Anastasia Steele

Miss Steele,

I am in a meeting discussing the futures market, if you’re really interested.