woman wearing irish linen shirt

After two weeks of fierce battles, Lao Huang and I finally used our spare time to propose changes to the company's framework.For this reason, I also sacrificed a Saturday where I could stay with Miss Pan De all day, and went to Lao Huang's house to "communicate cordially and friendly".

We've probably had more fights these days than the rest of the time combined.

My sister-in-law joked that we looked like we were at the front and back desks of the third year of high school.

The family's two sons miraculously kept quiet throughout the day, passively adding to our efficiency.Due to the limited manpower, this plan can only be regarded as a rough prototype, but it is also the strategy at the beginning of the battle.

As long as we survive this tough battle, there are resources to optimize: BCG’s “legacy” can also continue to operate after a facelift. I think persuading relevant parties to accept this plan is not the most difficult part.

On Friday afternoon, after the routine report, for the first time, I boldly managed the big boss in a real sense.

This is probably the mood of the courtiers' remonstrance.

I have expressed my own thoughts and conjectures about the group in one brain. Except for a few words that have been carefully considered, in terms of meaning, it can be said to be unreserved.Regarding the plan, I will not list it for the time being. This second hand will not be released until the big boss accepts the move.

After listening to my report, he was silent for a long time.

Given my position and the distance from the big boss, it is bound to be difficult to guess how he will consider it.He just nodded slowly, and the chair moved back a little, leaning his left hand on the armrest, staring at the monitor screen that had automatically hibernated.

At first, I thought the big boss was tired.With such a huge amount of information, some are facts, some are indistinguishable, and most of them are just my guesses. It is extremely difficult to make an accurate judgment from it in a short period of time.

I was already prepared for him to ask me to write an e-mail detail list after he thought about it for a while.

But soon, I knew I was wrong.

The big boss, who had recovered from his contemplation, had a light in his eyes, a burst of energy, and a little-known excitement beating.He must have found the last piece of the puzzle too, must have trembled at the chance of the Jedi fighting back.

At this time, he turned sideways and looked at Jocelyn for a moment.A similar light shone in each other's eyes: they both looked at me at the same time.

The big boss said, "What's your solution?"

"It's kind of like a game of poker," I said, "but it's some sort of perfect Bayesian equilibrium."

The big boss nodded slowly: "I haven't studied game theory."

"We test, observe, test, observe until we come to a conclusion, and then we choose the most perfect one among all strategies." I briefly explained a less rigorous one, "But for the optimal development of the company, Every step in the process, we must not leave the ground, and we must ensure that there is no defeat."

"Sounds a bit difficult."

"There are some challenges." I said, "In addition, the possible losses during the whole process may be irreparable."

The big boss frowned slightly: "Are you talking about economic losses? How much?"

I nodded: "Well, probably in the billions of dollars. In addition, it is accompanied by the loss of voting rights."

Our annual revenue does not necessarily have this number: it depends on whether it is "one" billion or "nine" billion.

The big boss didn't even think about it: "It's acceptable. Tell me about your plan in detail."

I secretly took a deep breath.Even Jocelyn showed a little surprise, and we met eyes almost imperceptibly.

I immediately opened the tablet, turned to the appropriate page, and handed it over.I have made a bar graph of the share holdings of the company's major shareholders. This information is definitely far less detailed than the internal statistics, but I still spent a little time because I don't have the authority to obtain that kind of information.

I can't get it, and neither can outsiders.

The incomplete situation that the big boss is watching now has become the fundamental that everyone has mastered.

"You have 30.00% of the four voting rights; counting the more than 400 million shares entrusting the voting rights to the chairman of the group, the group has 30.00% of the voting rights of [-]. Both parties have more than one vote of veto The minimum standard of the company——" I lowered my eyebrows, "I would like to ask, is it because of this that you have been not optimistic about the attempt to retain the overall framework of the company?"

He responded: "This is part of the reason."

"Okay, I understand." I answered immediately, "Although it is impossible to directly obtain absolute control, the advantage is that the other party does not have this opportunity. I would suggest that we focus on the relative control of the company, that is, to ensure that the group There is no way to get the support of more than 50.00% of shareholders.”

"Your statement is very interesting." The big boss narrowed his eyes.

I smiled: "Yes. We have won at least 50.00% of the voting rights. This is also a plan, but it is accompanied by unacceptable risks. However, as long as the group is still unable to come up with some decisive strategies..."

The big boss stared at the tablet and thought for a while: "What does the 5.00% unnamed shares refer to?"

"I saw in the beneficial person report we submitted to the SEC in May 18 that the CTO held about 5.00% of the shares at that time, but the relevant information was not disclosed in last year's annual report. I wonder if he just reduced his holdings to a large Below the shareholder line."

"He has [-]% now..." The big boss turned his head away.

Jocelyn said: "His voting rights are currently around 36%. The shares sold all occurred within the last [-] months. There is more detailed information in the securities proposed sale report. If you if you need."

Executives must strictly follow slow-moving and disclosure procedures when selling stocks. After hearing Jocelyn talk about the proportion of voting rights, I had a rough estimate of the shares currently held by the CTO and nodded to her in thanks.

Now is not the time to discuss details, and I asked again: "The chief scientist's shareholding has not changed, has it?"

"Liang Heng now has [-]% of the voting rights." The big boss affirmed, paused, and said, "He can be trusted."

"Okay." I wrote it down to myself, "Well, it's COO's stock in the end. I'm thinking, at the beginning, he should hold a lot of Class B shares?"

The big boss shook his head.

I was trying to understand the deep meaning of this body movement, and Jocelyn had already answered: "Most of his holdings are Class A shares. Ruijie's shares are about 500 million, and they have already flowed to the company whose real controller is the chairman. A financial company, this part of the voting rights is [-]%."

"Thank you, Jocelyn, for the helpful information." I smiled gratefully.

If you want to talk about Kevin's follow-up situation, now is the best time to claim credit.I hesitated for a moment. The things I want to explain to the big boss today are of great importance. Once the fact that the COO is the imperial "Prince" is mentioned, I am afraid that the guest will take the lead.

Thinking of this, I said, "Anyone else in the company owns a lot of stock?"

"The ones you can find in the annual report." Still Jocelyn responded to my question, "After the lock-up period ended, most people chose to cash out."

I nodded: "So there is about 20.00% of the shares that cannot be clearly attributed through public channels. It is unknown to the outside world whether there are people who hold more than [-]% of the shares."

"It can't be calculated like this." Jocelyn said, "The report we disclose to investors lists the number of stocks held by executives, and the increase in stocks brought about by personal holdings is also included. The detailed data together with The shareholding information of other shareholders," she met the big boss, "I will provide it to you later. Now you can know that the shareholding ratio of this fundamentally non-public shareholder is about 20.00%. I suppose the difference is important to your proposal?"

"Yes." I looked at Jocelyn, and further explained to them, "The goal of obtaining a comparative advantage, in the current situation, my judgment is that it will be very challenging. This difficulty is not only in our It exists here, and the reason is the same for the group. Both parties have more than 30.00% of the four voices, so it will become very difficult to grab the remaining microphones."

At this time, for the first time, I thanked our company's high stock price from a perspective other than personal income.Due to the considerable costs brought about by the extremely high stock price, at present, this stalemate situation is difficult to change due to the will of some individuals.Even if a certain party wants to increase its share through acquisitions or repurchases, the use of large sums of money still requires a complete design that is sufficient to explain to the board of directors, which will inevitably take a lot of work and be accompanied by a large number of meetings.

Once caught in the meeting, the implementation of the agenda is easy to be indefinitely.This is the awareness that people who live in office buildings should have.

"Most of the remaining stocks are scattered among general institutions and individual investors. This group of shareholders is our last hope. If things get so bad that they lose balance, then at least we still have a public opinion war to fight. But , rather than trying to win over scattered investors or some minority shareholders, we might as well change the direction and ensure that the support that the group can always get does not exceed 40.00% nine."

"Convince them not to vote for the group?" The big boss frowned slightly, "It doesn't seem to be much easier than persuading them to vote for us. Besides, it is risky, and small shareholders will not rashly give proxy voting entrustments; Even if they win the proxy voting rights, they can switch sides at any time as long as they are present at the shareholder meeting."

"What you said is absolutely correct. That's why, what we have to do is to persuade a major shareholder to abstain." I said, "As long as the giants in the south don't stand on the side of the group, this game doesn't even need to start."

The big boss looked at me thoughtfully, with admiration on his face: "What do you want to do? I think you must know that the major shareholder you have chosen is also the major shareholder of the group. Is there any reason for a person to with his left hand to fight his right hand?"

"There is a way." I paused and said, "We sell some of the stocks to our neighbors."