"Xing Baohua, do you see that? Out of 27 directors, 20 support your resignation. You are no longer the chairman of Nikon, you can leave this seat." Genmoto Takeo said with a smile, but his tone was arrogant.
"Are you all forgetful, or did you just forget to bring your brains? When I joined Nikon, there was a clause in the shareholder agreement that stated that as the chairman, I had veto power and decision-making power in major decisions."
As he spoke, Xing Baohua took out a photocopy of a document he had just retrieved from the office and slammed it on the table.
Seeing the changing faces of the other shareholders, Xing Baohua said, "I reject your proposal to remove me. If you disagree, go to arbitration or sue me in court."
These words, spoken directly to Genmoto Takeo, were like a veto: "You've got too cocky. Let's show you shareholders who only collect dividends and don't care what a veto right is."
Aside from Xing Baohua stepping down himself, no one can defend his position.
Shareholder meetings are all recorded and made public when necessary.
Genmoto Takeno Osamu looked like a defeated rooster, instantly deflated.
When Xing Baohua joined Nikon, he signed many agreements, which he did not actually read. At that time, Xiao Zhaoyibei was in charge, but he really couldn't understand why Xiao Zhaoyibei would give such great power to Xing Baohua.
Not only was Genmoto Gonoichi dejected, but many shareholders also lowered their heads.
Xing Baohua said, "I recently made some money, and I'm planning to invest some in Nikon. I'm asking you, do you want to make money, or do you want to throw away the money you've invested in Nikon?"
No matter which one, I'll play along, I can afford to lose! But what about you? After Nikon, I'll play Canon. I'll play Olympus…”
After Xing Baohua finished speaking, seeing that none of the shareholders responded, he continued, "At least I can bring you wealth by sitting here. Will you continue to cooperate with me, or watch Nikon's market value evaporate little by little? How much has it fallen today? Don't you have any digital cameras? What about tomorrow? What about the day after tomorrow?"
Okay, I'll give you one minute to think about it. Raise your hand if you want to work with me.
After saying that, Xing Baohua lit a cigarette, and Kawaguchi Kanae quickly took out a shiny ashtray from her handbag.
Vice President Nakano Genichi, who hadn't said much until now, looked at Xing Baohua and smiled, "President Xing, everyone says you're incredibly capable and decisive. You're truly outstanding. We old guys can't keep up with your thinking. Nikon can't be ruined in our hands, especially not in yours. What guarantees that the interests of us shareholders won't be harmed?"
“Chairman Nakano, I really enjoy making bets with people. How about we make a bet? I'll double Nikon's current market value within two years. In return, you transfer all your shares to me. Just imagine, the stock price will be at its highest then, and your wealth will double.”
Goodness, Nakano Genichi didn't like the idea of a bet. He had studied Xing Baohua's background in finance and saw that he had never lost.
I recently came to Japan after winning over 10 billion yen in a bet with the Great Eagle Man.
Who would dare to bet against this guy!
Furious and speechless, Xing Baohua asked loudly again, "Who is cooperating with him?"
Everyone except Genmoto Gono raised their hands. Even the nominal vice president, Nakano Genichi, raised his hand.
These shareholders are really weak; why don't they put up a fight?
"Now let's vote on whether Noi Misaki will succeed Minami Kazuo."
It passed unanimously, except for Minamoto Takenoji.
Next came personnel changes, with all senior executives at the factory, the laboratory, and the management team voting to make the changes take effect.
Xing Baohua also proposed some incentive policies, such as reducing the pressure on employees, coordinating with banks, etc. He even offered 0.5% of his shares as an interest-free fund pool, which employees under great pressure could apply to the company for.
The meeting lasted until after 7 p.m., and Noi Misaki and his team waited for news from the board of directors, even though they were hungry.
The media downstairs were also waiting, but when they got hungry, their colleagues would bring them food.
The protesters also got a meal; thankfully, they didn't go on a hunger strike. Otherwise, Xing Baohua would have been easily monitored, and anyone who brought him food would have been beaten.
After the meeting, Xing Baohua spoke privately with Nakano Genichi.
Self-interest is the greatest form of friendship.
Despite being a Nikon shareholder and ranking among the top five in terms of shareholding, Genichi Nakano knew he couldn't compete with people like Ichiki Kojima in the power struggle, so he simply ignored everything, just held the title to enhance his status, and waited for his dividends.
His family also has a main business called Kaho Real Estate Co., Ltd.
To put it bluntly, it's just a company that acquires land and develops real estate.
When Xing Baohua shorted the real estate market, he also owned a considerable number of real estate properties. Some of them were sold, while others were kept for preservation of value. This time, he used them as bargaining chips in a deal with Nakano Genichi.
Xiao Zhao fell ill in the north, and Nantian Yixiong also went to jail. Xing Baohua is very busy and may not be able to come to Nikon often in the future.
Um, Nakano Genichiro needs to take on the responsibilities of Vice Chairman!
This is giving them both money and power.
The two cooperated smoothly, and Xing Baohua handed over the responsibility of dealing with the protesters at the door to Nakano Genichi.
Xing Baohua said that if he intervened, it would escalate the conflict. With so many media outlets reporting on it, Nikon's stock price would likely fall.
Many shareholders hoped that Xing Baohua would step in and push up the stock price.
Only Xing Baohua has the capital and financial resources to do so.
They had no idea that this was the very person who was driving down Nikon's stock price.
Xing Baohua returned to the office area and found that Noi Michi and the others were still waiting for him.
I waved him over; he was invited to a short meeting in the conference room.
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