Gome's headquarters.
In the conference room.
Gome had quite a number of shareholders, and this shareholders' meeting was held at the last minute. Under normal circumstances, there wouldn't be too many shareholders.
However, things were different now. Gome was in a crisis, Li Dong was involved, and the board of directors was reorganized …
These were all major events. Almost all the shareholders who could attend were present.
The shareholders' meeting was for all the shareholders.
The so-called all the shareholders meant that even if you bought one share in the stock market, you would be considered a shareholder of Gome and have the right to attend the shareholders' meeting.
Based on this, Shen Xuehua, who held 400 million shares, was considered one of the top shareholders.
In addition, she was in Beijing. This time, the board of directors was reorganized, and Li Dong was attending. Shen Xuehua was also present.
When Li Dong walked in, Shen Xuehua naturally saw him, but she didn't go up to talk to him.
Li Dong also saw Shen Xuehua. Not only Shen Xuehua, but there were quite a number of Li Dong's acquaintances among Gome's shareholders.
Even the Association's Old Liu was here. This really surprised Li Dong.
However, thinking about it carefully, there was an Association Investment Company under the Association Holdings. These companies had invested in many companies over the years. It wasn't surprising that they had invested in Gome.
The Association's investors had also attended the Weibo financing reception last time.
Of course, as the boss of the Association Holdings, under normal circumstances, Liu Chuanzhi would only be a minor shareholder. He wouldn't attend this kind of shareholders' meeting.
The fact that he was able to attend this time was obviously related to Li Dong.
Other than them, other shareholders like Mo, JP Morgan, Foxconn, and Citigroup were also present. Of course, these shareholders usually held non-tradable shares.
In addition to these non-tradable major shareholders, there was also someone from another company present.
CRMC, a wholly-owned subsidiary of the American Capital Group, was very active in the financial markets of Hua Xia and Asia.
He might not be famous, but he was a powerful existence in the secondary market.
CRMC currently held 1.4 billion shares of Gome, which was equivalent to 7% of Gome's shares.
Of course, all the shares he held were tradable shares, and he was the largest tradable shareholder of Gome in the secondary market.
He didn't participate in some of Gome's previous decisions, including when Li Dong entered the arena.
CRMC was very low-key, so low-key that people often forgot that it was one of the major shareholders of Gome.
However, the other party came to the board of directors' meeting this time. When they came, even Du Juan and the others were a little surprised. They did not expect that the CRMC, which had never been very involved in matters, would actually come to the shareholders' meeting this time.
The Huang Group currently held 35% of the shares.
Li Dong, Damo, JP Morgan, Fu Kang, and Shen Xuehua currently hold 33% of the shares.
CRMC holds 7% of the shares.
On the other hand, the Euphoria faction held close to 10% of the shares.
Citigroup and several other investment banks held close to 8% of the shares.
Liu Chuanzhi and a group of small shareholders held close to 5% of the shares.
These people accounted for more than 95% of Gome's total shares. The actual tradable shares of Gome were very few, and there weren't many retail investors.
The shareholders who came today represented almost all the shareholders. It didn't matter if the others came or not. Even if they came, they wouldn't have any say except to listen.
As soon as Li Dong arrived with his people, the noisy meeting room instantly quieted down.
The people from Damo's investment banks greeted Li Dong, and so did Liu Chuanzhi and the other people from domestic investment institutions.
In terms of influence, although Du Juan currently held the most shares and was the largest shareholder of Gome, she was indeed far behind Li Dong.
Unless Old Huang was here, he would at most be able to compete with Li Dong, or even be inferior.
Without Old Huang, Du Juan and Cheng Xiao, even though they were the actual leaders of Gome, were still suppressed by Li Dong.
Du Juan had already witnessed Li Dong's power last time, and she knew that it was meaningless to compete with Li Dong. Seeing Li Dong entering the room, Du Juan smiled and said, "General Manager Li, since you are here, almost everyone is here. Let's start the shareholders' meeting now. "
Li Dong smiled and nodded. He sat down in his seat.
Currently, he held 8% of the shares. Although it wasn't a small amount, it was just enough for him to be in the top three.
However, Li Dong's seat was the same as Du Juan's, sitting face to face.
Cheng Xiao was sitting at the head of the table. As the CEO of Gome, the head of Euphoria, and one of the shareholders, Cheng Xiao presided over the meeting, and the others didn't say anything.
Since Li Dong and Du Juan's seats were the same, the others tacitly agreed.
As for the remaining shareholders, almost all of them were ranked according to their shares.
Of course, almost all of them were the exception.
Liu Chuanzhi and Shen Xuehua were sitting closer to the front. One of them was one of the top three business tycoons in the industry, and the other was the wife of a big shot.
Even if they didn't have any shares, they had to be arranged to sit closer to the front.
After Li Dong took his seat, Cheng Xiao coughed softly and started with his opening remarks.
The first part of her speech was nothing more than to comfort the shareholders, cheer them up, and look forward to the future.
After a while, Cheng Xiao saw that no one was interested, so she went straight to the point. "Next, we will discuss the restructuring of the board of directors. According to the company's articles of association, the board of directors is made up of executive directors, non- executive directors, and independent non- executive directors. In principle, there should be no more than 11 people … "
Executive directors, non- executive directors, and independent directors were all members of the board of directors, but there was a slight difference.
Executive directors were the directors who participated in the day-to-day operations of the company.
For example, the company's CEO, regardless of whether he was a shareholder or not, would be selected.
For example, a vice president who was in charge of a more important business would also be selected. These people were executive directors and had nothing to do with the shares.
Non-executive directors were usually the spokespersons of the shareholders. They did not participate in the specific operations of the company and only participated in the voting on important matters.
Non-executive directors represented the interests of the shareholders, and they were usually more selfish.
The last type was independent directors. These directors usually had more part-time jobs, and they were mainly experts, professors, and some retired officials.
They stood from an objective point of view and were responsible for the entire company and all the shareholders.
As for the company, they mainly relied on their reputation, status, and connections.
Independent directors had little to do with the shareholders. The selection of independent directors was usually decided long ago, and only those who were helpful to the company would be selected.
Both sides were mutually beneficial, and they generally would not participate in the intrigue between the shareholders and other directors.
Therefore, there were almost no changes to the independent directors in today's restructuring of the board of directors. According to the rules, the previous three independent directors would not be re-elected.
The real changes were the other eight directors. According to the previous allocation, five of them were executive directors and three were non- executive directors.
As soon as Cheng Xiao's voice fell, Li Dong said directly, "Far away will send an executive director, Ms. Wang Yue, the former vice president of Faraway Group. In addition, I will also recommend a non- executive director, Mr. Mei Baiyu, the former vice president of Far away Retail Group …"
"Boom!"
The conference room instantly exploded!
Li Dong's recommendation of two people was actually not excessive, even though he did not have many shares.
However, everyone knew that since Li Dong was involved, he would definitely recommend an executive director.
The non- executive director represented the interests of the shareholders, so it was normal for him to recommend another person.
However, no one expected that the executive director Li Dong would send turned out to be Wang Yue, the vice president of Faraway Group!
This was the iron lady of Far away, a fierce female general!
Back then, Wang Yue went to the southwest alone and helped Far away open up markets in Shancheng, Sichuan, and Jiangzhe.
Far away connected East China, Central China, and Southwest China. After that, she returned to the headquarters. Over the past year, she was in charge of Dongyu Real Estate Group and Far away Logistics Group. She was also very famous in the business world.
Faraway Group was huge, but there were not many people in the top management organization.
There were only two vice presidents, one was the pioneering entrepreneur Sun Tao, and the other was Wang Yue.
Wang Yue's position in Far away could be said to be in the top three.
With such a senior executive, Li Dong actually sent Wang Yue to Gome as the executive director. It was really beyond everyone's expectations.
Before Li Dong could finish his sentence, everyone started whispering to each other.
The other shareholders were all shocked, but Cheng Xiao, Du Juan, and the others were filled with bewilderment and uneasiness!
Now, both sides were only cooperating!
Gome was the master, and Far away was only cooperating and subordinate!
But Li Dong actually sent such a general. What was he trying to do?
Cheng Xiao took a deep breath and said slowly, "General Manager Li, we all know CEO Wang's name, and we have no doubt about CEO Wang's ability. But CEO Wang can play a more important role in Far away. Letting CEO Wang come to Gome, isn't it a bit … "
Although using the words "a talent for a small task" was a bit demeaning.
But now it seemed that it was indeed a waste of talent.
One of the two vice presidents from Far away came to Gome as an executive director. What was this?
Executive directors couldn't work part-time, which meant that Wang Yue had to resign from her position as vice president of Far away.
What was Li Dong trying to do?
With a strong sense of doubt and uneasiness, Cheng Xiao couldn't help but ask.
Li Dong heard this and smiled, "Now that Gome is weak and has many problems, it can't be cured without strong medicine!
I'm not questioning the ability of CEO Cheng and the others, but you all have complicated relationships in Gome, it's hard to strike hard!
If you want to get rid of the sickness of the past, you must use strong medicine!
As for Wang Yue, I've asked for her opinion. She is also looking forward to coming to Gome. I hope that Wang Yue's participation can change some things.
Of course, this is just my personal opinion. Whether it will work or not, it still depends on you all.
I'm just suggesting that if you think it's not suitable, you can replace her with someone else. I have no opinion. "
Everyone looked at each other. Replace her?
If they rejected Li Dong's suggestion at this time, even if Cheng Xiao and the others were very happy, they would probably be slapping their own faces.
Looking at the other shareholders' expressions, Cheng Xiao and Du Juan knew that this proposal was 100% over.
What a joke. Everyone hoped that the current Gome could change.
The purpose of bringing in Li Dong was to change.
Now that Li Dong had lived up to everyone's expectations and sent out his powerful subordinates, it might bring major changes to Gome. Why did everyone reject it?
Moreover, compared to the other candidates, Wang Yue had the highest status and reputation. Her ability was also obvious to all.
Although department stores and home appliances were not the same, they both belonged to the retail industry. There was no need for an outsider to guide an insider. What reason did they have to reject her?
Before Cheng Xiao announced the list of other candidates, many shareholders said, "We have no opinion on CEO Wang joining Gome. Of course, it would be even better if General Manager Li came to Gome personally … "
"Hahaha …"
The meeting was filled with laughter. The latter part of the speech was obviously a joke.
If Li Dong really came to Gome, what position would he hold?
Other than the Chairman of the Board, no other position was worthy of Li Dong.
Moreover, even if the Chairman of the Board, Li Dong would not come to Gome. Everyone did not necessarily want Li Dong to come. Everyone knew this guy's personality. He was too independent.
When Li Dong came, the shareholders might not have the right to speak. At that time, there would not be much meaning.
Seeing that everyone agreed, Cheng Xiao and Du Juan looked at each other. Du Juan frowned and nodded gently after a long time.
Wang Yue's entry was irresistible.
The key was that they could not let Wang Yue take over the position of Chairman and CEO!
First, they would reorganize the board and then nominate the positions. This was a matter of procedure.
Now, they had to elect the directors first. The Chairman and CEO of the Board would be elected from the five executive directors.
Wang Yue's entry was likely to disrupt their original plan.
According to their previous plan, Old Huang could not come out. Cheng Xiao was most suitable to become the Chairman of the Board, Du Juan to be the CEO, or another spokesperson of the Huang Group to be the CEO.
But now, it was hard to say.
Wang Yue was new and might not be able to fight for the position of the CEO.
But the position of the CEO was uncertain.
The nomination continued.
Unlike Li Dong's sudden insertion of people, the nominations for the other directors had been decided long ago.
The main reason was to protect the interests of the major shareholders. In addition, there were too many people, and the minor shareholders might not be familiar with the company. It was better to limit the number of people to a few, so that everyone could choose more easily.
Half an hour later.
Du Juan and Cheng Xiao's faces were completely gloomy!
Not to mention the three independent directors, there were five executive directors and three non-executive directors. Li Dong had two of them.
Also, the two non-executive directors nominated by Morgan and JP Morgan were approved.
One of the executive directors nominated by Fukang was also approved.
So far, the three non-executive directors had all lost their positions, and two of the five executive directors had lost their positions. There were only three executive directors left, and Du Juan and herself had two.
As for the Euphoria Group, it was even more miserable. Cheng Xiao was the only one left.
It was not that the two of them did not fight for the non-executive directors. But Morgan and JP Morgan were established investment institutions and had contributed to the company's success in the past. It was reasonable for them to nominate the non-executive directors.
Du Juan and the rest had no reason to reject.
Fukang, as an 8% shareholder, nominated an executive director, and it had gotten the approval of Morgan, JP Morgan, Citigroup, Li Dong, Shen Xuehua, and many other institutions and individuals.
The total number of shareholders who had approved was more than 40%.
At this time, unless they fell out with all the shareholders, they had to give up an executive director.
But there were only so many board members. Other than the three independent directors, there were only eight positions left.
All of a sudden, five of the positions were taken away by outsiders, and one of the independent directors was on their side. These people almost had the right to speak on the board.
Of course, at this moment, Du Juan and Cheng Xiao did not know that these people had become one big family.
There were only three positions left for them.
Du Juan licked her lips, and Cheng Xiao rubbed her cheeks. Things had gone beyond their expectations.
Once the independent directors were no longer reliable, they would lose the right to speak on the board.
Also, the atmosphere of the shareholders' meeting was not right.
Almost half of the shareholders would agree to whatever Li Dong agreed to. On the contrary, they, the actual controllers of Gome, were more like outsiders.
The list of candidates for the board of directors was finally decided.
Next, it was mainly the election of the chairman of the board and the president of Gome.
Originally, Du Juan wanted to elect the Huang family's spokesperson, the previous director with the surname Zhou, as the president.
But now, Du Juan changed her mind.
Today, the situation was not right. If she elected another director with the surname Zhou, she might not be able to win against Wang Yue.
Only when she personally stepped up to the stage could she compete with Li Dong and Wang Yue. After all, the Huang family was the real major shareholder of Gome.
Moreover, Cheng Xiao's position as the chairman of the board might not be smooth.
If necessary, she could even take over the position of the chairman of the board.
But Du Juan also understood that everyone was a little afraid of her. They were afraid that something would happen to her. Two consecutive chairmen of Gome had met with an accident, and the impact was too bad.
If she ran for the chairman of the board, she might not be able to pass.
As for the five executive directors, according to the previous arrangement of Gome, the chairman of the board was in charge of the overall situation, the president assisted him, and there was also an executive vice president in charge of external affairs.
The remaining two executive directors were usually the two main vice presidents. Under normal circumstances, two out of the three vice presidents in charge of finance, human resources, and home appliances would be chosen.
Anyway, the appearance of Wang Yue would take away a large part of the business.
Finance, human resources, and home appliances. Wang Yue would be able to control at least one of the three major sectors.
As she thought about this, it was time to nominate the chairman of the board.
In order to maintain fairness, Cheng Xiao no longer presided over the meeting. The meeting was handed over to the former secretary.
There was only one nominee, Cheng Xiao.
When the name was announced, Cheng Xiao looked at Li Dong, Du Juan looked at Li Dong, and the other shareholders looked at Li Dong.
They all wanted to know if Li Dong had other ideas.
If Li Dong nominated Wang Yue at this time, no one dared to say that they would support him, but there would be many who would.
But after watching for a while, they found that Li Dong did not seem to have other ideas. He just sat quietly and did not speak.
At this moment, everyone understood what he meant.
Cheng Xiao was relieved. He did not even understand why he was so worried.
Could Wang Yue really be better than him?
The company that he led, Euphoria, had almost reached a scale of ten billion. As the founder, could he not be better than Wang Yue?
After thinking about it, it was still Li Dong's influence.
Although this guy did not speak much from the beginning, his influence was subtle. The other shareholders had to do things according to his wishes. It was a terrible feeling!
Cheng Xiao was a little disappointed even though he had achieved his expectations and become the boss of Gome.
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