The scene is ambiguous--perhaps because it had been filmed with the lengthier dialog cited above, and then trimmed down. We infer from Geary saying, "That will leave you with a technical problem--the LAH-sense will be in Klingman's name," and Michael's reply, "Turnbull is a good man" [thank you, Michael ]that Michael thought everything re. the Tropigala had been squared away with Turnbull. So we can infer that Tom was left holding the bag when Geary got greedy, because Tom would have been the guy who negotiated with Turnbull.