The news was broken to him by Max Schumacher who was president of the News Division at UBS.The two old friends got properly pissed -In the middle of a drinking marathon on a nighttime street in Manhattan, Beale""s boss and old friend and admirer Max Schumacher (William Holden), the head of the network news, speak ogether about their maverick days in the early 50s in the radio news business when television was just beginning.He tries to coax, wheedle, and cajole Harper""s unconscious to reveal the hiding place of his robbery money.Inside the subway car, Peter viewed his father""s laboratory, with equipment lining the walls.An old computer turned on, displaying the message that his father""s file transfer had finished - years earlier: "DOWNLOAD COMPLETE.In chains, Michael was being led along a hallway by three uniformed guards for transfer to a maximum security prison.Lester also had become uncommunicative with his self-loathing, glum, moody, sullen and confused daughter Jane (Thora Birch) and felt disrespectul loathing from her.