Top of the big era

When a company changes CEO, there are generally two reasons.

One, the previous CEO retired.

Second, the company is in crisis and needs a new CEO to come to the rescue.

Little Jacob is clearly not old enough to retire.

Even though Qualcomm's stock price has reached a record high, it can be felt internally that there are too many hidden dangers and crises.

One is the patent lawsuit with Microsoft. If it cannot be settled amicably, the consequences will be very troublesome. Second, Apple is developing self-developed chips. Once they successfully bypass Qualcomm's patent system, Qualcomm's patent building will face the risk of collapse; Third, Qualcomm’s business crisis. Even the current core Snapdragon chips have encountered development difficulties. Next year’s new Snapdragon chips are likely to have major problems. The fourth point is the steady stream of antitrust lawsuits. Currently, The most critical thing is of course the actions taken by South Korea.

In fact, not only South Korea, but also the European Union is making a lot of noise.

It has already released a signal that the EU will strengthen its anti-monopoly efforts in the next election. The controversial Qualcomm has long become a thorn in the side.

What Zhou Buqi said is obviously not a conspiracy theory.

Jacob Jr. took a back seat and lost power. Of course, this was due to the efforts of professional managers within Qualcomm, as well as the joint promotion of directors and core shareholders, to further reduce the influence of the Jacob family on Qualcomm's decision-making.

But it went so smoothly, and little Jacob stepped down overnight. There was almost no movement from the outside world, so little Jacob was willing to give up his position.

Qualcomm is in crisis.

Once a thunderstorm breaks out and Qualcomm's stock price plummets, shareholders will panic and need urgent rescue. By then, Mollenkopf, the new CEO, will become the scapegoat, and little Jacob can confidently stand up and take over power.

Even Zhou Buqi could tell outsiders when he looked at him. Of course, Mollenkopf had already felt it, but that was the case many times.

Opportunities and risks coexist.

Most companies change CEOs because the company encounters a crisis and needs a new CEO to lead everyone through the crisis. If you break through, the company will enter a new era; if you fail to break through, you may change people in a year or two, and then you will look for a new CEO.

Power and responsibility are equal, and it is almost impossible to have the opportunity to hold power without taking responsibility.

Regarding Zhou Buqi's words, Mollenkopf was silent for half a minute, and then said slowly: "This is indeed an urgent matter that I need to deal with after taking over as CEO. Mr. Zhou, please give me some time, I will definitely be able to do it Come up with a plan that satisfies all parties.”

This was obviously a delaying tactic, and Zhou Buqi didn't believe it at all.

Zhou Shaoning has said before that the "patent control + chip bundling" strategy was a plan he constructed when he served as COO.

This is a restaurant where everyone is having afternoon tea together.

Zhou Buqi had a cup of tea, a pastry and a fruit plate in front of him, but he didn't move at all. He was very aggressive and didn't save face for the other party at all. "All parties are satisfied? Who is included in all parties? I am right I’m not interested in such a plan. I just want Qualcomm to provide a fairer transaction plan when cooperating with mobile phone manufacturers!”

"Mr. Zhou, please give me some time."

Mollenkopf's words were serious and thoughtful, with a bit of a pleading attitude.

Zhou Buqi was indifferent and said calmly: "When I do business, what I care about most is fairness. I believe you should also know that all the partners who have business dealings with me are not unhappy. But when I learned about love After Star, as well as mobile phone manufacturers such as Xiaomi, ZTE, Samsung, HTC, and Sony, entered into a transaction agreement with Qualcomm, I think you have touched some bottom lines in principle. "

Mollenkopf explained: "Mr. Zhou, is there some misunderstanding here? As far as I know, Qualcomm has always been sincerely cooperating with mobile phone manufacturers. Some conditions may not be suitable. In the future, you can sit down and take your time." Talk. Again, give me some time, and I will form a special project team to re-open talks with Aisda and come up with a better cooperation plan for Aisda.”

Zhou Buqi didn't accept it at all. Small profits and benefits could not shake his principles, "I said, this has nothing to do with Aisda! What I want is fairness!"

Mollenkopf was speechless.

Zhou Buqi said: "I don't know if you know one thing. I am actually an important shareholder of Qualcomm. My investment fund Pluto Capital holds more than 3.17% of Qualcomm's shares."

"Oh?" Mollenkopf's eyes lit up and he became happy, "Mr. Zhou, the steady rise in Qualcomm's stock price is in our common interests!"

"Profits?" Zhou Buqi's eyebrows were somewhat disdainful, "I have said it before, what I care about is not profit, what I want is fairness! Lovely fairness! If Qualcomm makes money for me by relying on its monopoly strategy , I think it’s a shame money!”

Mollenkopf took a deep breath, unable to hold back his anger, and said in a deep voice: "Mr. Zhou, I am very disappointed with your statement."

Zhou Buqi didn't care, "To be honest, I don't care whether you are disappointed or not. Because I have already seen the future. If you cannot make changes immediately, you will soon step down from the position of Qualcomm CEO." "

"Mr. Zhou, I have always respected you, your achievements over the past few years, and your status and influence in the business world, but..." Mollenkopf was really a little embarrassed when faced with such an undisguised attack. I couldn't bear it anymore, "But what you said just now makes me think that you are not standing on a fair standpoint."

Zhou Buqi shook his head and laughed, "Steven, I always remind you with good intentions."

"I appreciate the reminder, but I'll reserve my opinion."

Mollenkopf's attitude is not as weak as it was at the beginning. He has discovered that he will not take advantage of the young world's richest man by being humble. This kid is here today to find faults and make trouble.

Seeing that he didn't want to talk anymore, Zhou Buqi felt that today's talks were basically going to end on bad terms, so he showed his trump card, "I still say what I said, give Qualcomm three days. Within three days, Qualcomm must Give a sincere plan and cancel all unreasonable sales agreements.”

"This is impossible. In three days, I didn't even understand the basic situation."

"Seven days at most."

"It's impossible even for seven days."

"Only seven days." Zhou Buqi had no time to stall with him. "After seven days, if I don't see a feasible plan, then we can only ask the arbitration institution to come forward."

Mollenkopf's face dropped.

This is just like Korea.

Samsung also came to talk to Qualcomm at first, but failed to reach an agreement. With no other choice, we turned around and found the Korean Fair Trade Commission, which launched an antitrust investigation against Qualcomm. Samsung has unparalleled industry influence in South Korea, and this boss Zhou will not be much different in China!

However, Zhou Buqi has a back-up plan and further threatens, "In addition, I will also sell off all Qualcomm stocks I hold directly and indirectly."

"Um?"

Mollenkopf's eyes widened immediately.

As soon as he took over as CEO, the world's richest man liquidated Qualcomm's stocks. This was an extremely significant negative signal to the capital market, and the market would greatly reduce its trust in him as CEO.

Zhou Buqi said calmly: "I don't like making small moves behind the scenes. I've told you what's going to happen next. You can weigh the pros and cons yourself. Qualcomm is a very good company, and I am willing to hold Qualcomm's shares for a long time." stocks. However, if Qualcomm goes astray, I will definitely not accompany Qualcomm. If Qualcomm gets back on track one day, I may buy Qualcomm stocks again. But at that time, I believe in Qualcomm. The CEO is no longer you.”

Mollenkopf remained silent.

Zhou Buqi smiled and said, "I've said everything that needs to be said. It's up to you to decide how you want to decide. I'll wait for you for seven days. Well... today's conversation may not be very pleasant, but it doesn't matter, I can help you pay for it. . However, Qualcomm has been severely punished by China and South Korea for its monopoly. I will not participate in it anyway. I hope you can be mentally prepared."