John frowned slightly upon hearing this and asked, "What excess returns?"
"Exactly, we'll hollow out Jiafeng, then sell the empty shell to the US for the excess profits. A huge dividend is fine, of course. But after I get my share, I also have to participate in subsequent internal equity acquisitions, and when selling to US companies, my share price can't be lower than yours. I have a financial group behind me; I can leverage it and play along with you." Su Yourong exhaled a puff of smoke and said, "You can't just kick me out on the eve of the stock doubling, can you?"
“I want Jiafeng Group to do well. The problem now is that Lu Feng has too much control over the management. This company will become a Siemens-like company in a few decades, not in three years. Do you know what I mean?” John’s tone was quite displeased, and he seemed agitated. He picked up his coffee and took a sip.
“I work in finance and don’t understand these things. As you just said, in order to balance the management and strengthen the board’s control, we need to put someone in. I support this, especially if it’s a big bonus!” Su Yourong shook her head.
Su Yourong thought the same way as Mr. Feng: Lu Feng and John were the two most powerful forces in the group, and as a minority shareholder, if you wanted to gain benefits, you had to have a presence and control everything.
Placing someone into the management team would make Lu Feng uncomfortable and offend a series of senior executives such as Wei Yandan and Zhu Lidong. Su Yourong's strategy is to offend them, but not to offend them completely. She wants to offend both sides while offering them incentives. Now it depends on how you two perform.
I'll side with whoever can maximize my interests.
After an hour-long conversation, John felt that although the woman in front of him didn't understand anything technical, she was very savvy when it came to money. This kind of person was quite good; as long as there was enough benefit, she would stay by his side. John also politely left his business card for future phone contact.
Lu Feng had no interest in resting. Among the middle and senior managers present, rumors were circulating that Lu Feng had taken more than 100 million US dollars from the company, and for a time Lu Feng felt a sense of disloyalty.
The afternoon meeting was about to begin, and people entered one after another. Lu Feng sat in the side hall, smoking silently. After a while, Liu Cheng pushed open the door and walked in, closing the door behind him. He said, "I asked a few people, and they said it was spread by Yang Fuqun. Now everyone is talking about it in private, and most people are guessing how much the dividends will be this year."
Lu Feng took a deep drag on his cigarette, stubbed it out in the ashtray, and said coldly, "Can this person be fired?"
“Firing him at this critical juncture would cause gossip, and he’s a long-time employee, currently the deputy head of the DVD project team, and he hasn’t made any major mistakes,” Liu Cheng said rather awkwardly.
Fired a senior engineer just for chatting casually in private? That would be a huge blow to everyone else in the group.
"Will the DVD be released this year? Isn't the development already complete?" Lu Feng asked.
"It's already completed. We're currently in trial production, and it's estimated that it will officially go into production in January," Liu Cheng replied.
"Now that it's done, transfer him to a different position. He can't stay in the R&D company anymore. Move him to the group headquarters and give him a vice president position in a sub-department," Lu Feng instructed.
Liu Cheng still wanted to plead for him, after all, there was nothing wrong with this person's ability, but at this crucial moment, he was causing such trouble, which was really upsetting. So he could only nod and agree. Liu Cheng thought he would talk to him privately and tell him to stop talking nonsense. He could just transfer him to headquarters and then transfer him back after a while.
At 2 p.m., everyone returned to the meeting room. The host went on stage and did the same thing again. Wei Yandan had given an overall report in the morning, so in the afternoon, only one or two heads of important departments needed to go up and talk.
At the host's invitation, Zhu Lidong stepped onto the stage and began to talk about the marketing department's situation this year. As the report ended, there was a sparse round of applause. Next up was Du Guoying.
"Due to time constraints, the reports from the major departments will conclude here. All departmental reports and information will be compiled into documents and presented to all shareholders and directors. Next, we will discuss the Board's resolution on the appointment and removal of senior executives. If the Board deems no personnel changes necessary, we will proceed to the next item."
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