Chapter 205 Before the Extraordinary Shareholders Meeting
He could even create a lot of trouble for them just by opening his mouth. There was no equality between the two sides. It was simply that he, the acting chairman, crushed the other brothers in all aspects.
By mid-June, Chung Mong-koo, who had successfully persuaded many shareholders and gained the support of more than half of the shareholders, brazenly launched an extraordinary shareholders' meeting, demanding the impeachment and removal of Chung Mong-sun, the acting chairman, and the election of a new group chairman!
Zheng Mengxian was quite shocked when he got the news. He never expected that his second brother Zheng Mengjiu would actually want to seize power and even remove his father Zheng Zhouyong's position as chairman. It can be said that he was cruel!
…
Zheng Mengxian summoned his trusted subordinates to discuss ways to deal with the upcoming extraordinary shareholders' meeting. However, at this point, it was almost a done deal, and Zheng Mengxian's chances of turning the tide were obviously slim!
Several subordinates were silent for a long time, and still no one spoke. This scene made Zheng Mengxian furious. He angrily scolded, "You are all experienced professionals. Aren't you resourceful in your daily life? Why don't you dare to say a word now?!"
Although they were criticized by the acting chairman Zheng Mengxian, no one dared to express their opinions easily. Some of them had reminded Zheng Mengxian of the behavior of the other brothers of the Zheng family before, and they needed to take precautions before it happened. But Zheng Mengxian didn't take it seriously at all. It was his inaction and indulgence that let things develop to this extent.
"...According to the current situation, it is almost impossible to win at the extraordinary shareholders' meeting. Unless you can ask Chairman Chung Ju-yung to take charge of the situation, there may be room for maneuver under such circumstances..." Facing Chung Mong-seon's repeated questioning and scolding, one of the section chiefs gritted his teeth and proposed.
When he heard that the other party wanted him to contact his father, Chung Ju-yung, to help him solve the crisis and overcome the difficulties, Chung Mong-sun's face turned very ugly. Not to mention whether his father, Chung Ju-yung, could help him solve the problem successfully, the fact that he had to ask the chairman to solve the problem fully demonstrated his incompetence as the acting chairman!
This is truly a dilemma. If he does not ask his father Chung Ju-yung to come forward, he has almost no chance of winning and will only be removed from the position of acting chairman by the well-prepared Chung Mong-koo and others. But if he asks Chung Ju-yung to come forward, he will also lose face and be labeled as "incompetent"!
"...Besides asking the president to come forward, don't you have any other solution?!" Zheng Mengxian was still unwilling to accept such a result and tried to get a second solution from his trusted subordinates.
But the reality was quite cruel. Except for the section chief who had just made the suggestion, everyone else seemed to have become dumb and continued to remain silent, which made Zheng Mengxian feel quite bad.
…
More than 20 minutes later, Zheng Mengxian drove out all those trusted subordinates who could not come up with any other solutions. He needed to consider again whether he really needed to ask the retired chairman Zheng Zhouyong to come forward and help him solve the current troubles.
Meanwhile, the four brothers, Zheng Mengjiu, Zheng Menggen, Zheng Mengyu and Zheng Mengzhun, gathered together and excitedly discussed what was going to happen next. The interim shareholders meeting was just around the corner, and they would soon see Zheng Mengxian, the guy who had been showing off for more than a month, being completely removed from office and a new chairman being elected!
"Second brother, congratulations this time. As soon as the extraordinary shareholders' meeting is over, you will definitely be the new chairman of the group!" The one who spoke was the third brother, Zheng Menggen. As a strong supporter of the second brother, Zheng Mengjiu, he knew that he had no hope of taking the position, but he and the fourth brother, Zheng Mengyu, decisively stood on the side of Zheng Mengjiu under the trend of interests. As long as Zheng Mengjiu could successfully take the position, they would also benefit.
The sixth brother, Zheng Mengzhun, who joined in later, smiled awkwardly and congratulated Zheng Mengjiu after the third and fourth brothers.
Before this, although Chung Mong-joon had not made any public statement, he was quite clear that he had no advantage over Chung Mong-koo, who was an outstanding heir and the eldest son, so he had no intention of getting involved.
But they never expected that the fifth brother, Chung Mong-koo, who relied on flattery to gain Chung Ju-yung's favor, would actually climb over their heads and create a lot of trouble for them. If they really followed this guy's request, the subsidiary they were responsible for would probably suffer along with him!
After all, the fifth brother Zheng Mengxian's mix-up was clearly abusing the public power for personal gain. He asked these subsidiaries to pay money to complete his own projects. He simply treated them as ATMs and even threatened them to cooperate with him. What's the difference between this and robbery? Anyway, he would never tolerate such a thing!
…
"Don't worry, everyone. After I succeed in taking the position, my previous promise will still stand. The four of us brothers will share the wealth and glory together!" Seeing that these brothers had expressed their support for him again, Zheng Mengjiu also proudly reiterated his point of view. The many benefits he had promised them before, as well as the decentralization of the management and appointment rights of the subsidiaries to them as the heads of the company, will still stand.
Hearing what Zheng Mengjiu said, several people showed satisfied smiles on their faces.
After a while, the sixth brother, Zheng Mengzhun, spoke up at the right time to remind him, "Second brother, in my opinion, the fifth brother will not sit still and wait for death, and will definitely fight to the death. If the fifth brother calls his retired father (Zheng Zhouyong) to attend the extraordinary shareholders' meeting, the result of the vote is likely to change..."
"Meng Zhun, don't worry! Even if father comes out again to support Lao Wu, the flatterer, it won't change the outcome!"
"Second brother has been very busy during this period. He has greeted the major shareholders one by one and presented them with generous gifts. Since they have accepted the gifts, they are now on the same boat with us. If they change their minds at the last minute, someone will take care of them without us even having to do anything!"
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
The one who spoke was the third son, Chung Mong-geun. In his opinion, they had already secured victory in this operation. His father, Chung Ju-yung, held less than half of the shares. Today's Hyundai Group was no longer his one-man show!
"The third brother is right, we are sure to win this time! No matter how hard the fifth brother tries, it will be useless! I want to see how he will have the face to stay in the group when all shareholders at the shareholders' meeting abandon him and all the group executives stand on our side?!" said the fourth brother Zheng Mengyu very proudly.
(End of this chapter)