The story revolves around three people; Tycoon Bjorn Faulkner, who is being called upon by his board of directors to explain a missing $20,000,000; Kit Lane, his secretary who also has a personal interest; and Steve Van Ruyle, a sailor who has inherited a position on Faulkner's board of directors. Faulkner is (presumably) murdered, and Kit is falsely accused of the murder. Steve assumes the job of clearing her name.