Chapter 347 Equity Incentives
The main management of the major subsidiaries has been appointed, and Liu Yun has immediately appointed the management of the group company.
Zhang Lili is the financial director of the group company, Chen Di is the head of the marketing department, and Xia Lu is the head of the editorial department. These departments that only spend money and do not make money are all divided into the group company, and also for the convenience of management.
In addition, the administration department was also established, and the office was abolished, divided into the logistics department and the human resources department, which were placed under the name of the administration department, and Zhu Xiaoli served as the director of the administration department.
Liu Yun looked around at the participants and continued: "It has been more than 2 years since the company was established, and now that the group company is about to be established, I think it's time to talk about equity incentives. ”
As soon as his words fell, the management of the meeting couldn't help but straighten their waists and look at Liu Yun with eager eyes.
For the reaction of these management, Liu Yun was completely expected, and couldn't help but smile in his heart. He is well aware of a truth, in modern enterprises, equity incentives are the most effective and most direct means to tie executives and employees to the enterprise chariot. No matter how high the salary is and how good the treatment is, the people who can stay are actually those low-level employees, and the real high-level employees do not have much sense of belonging.
Many managers have a long history at this level, and their offers in the talent market will rise and become more popular.
If other companies can give slightly better conditions, the probability of high-level job hopping is as high as 90%. Competitive ownership is the best way to address this potential pitfall, and it can also increase the cohesion of the company.
Liu Yun paused for a moment and said: "Now all the subsidiaries of Yoyo are wholly-owned by the group company and absolutely controlled. In order to facilitate the management of the company and improve the operational efficiency of the company, all equity incentives, whether dry shares or shares, are split from the shares of the group company. ”
He pulled a document out of his briefcase and read it slowly.
Ms. Liu Yueru, vice president of Yoyo Group, has made great contributions to the development of the company since the establishment of the company, and the group company decided that she will receive 3% of the shares, of which 1% is a gift from the company, and 1% needs to be purchased by herself, and if the funds are insufficient, she is allowed to deduct future dividends. ”
Among the many high-level executives in the company, Liu Yun trusts his cousin Liu Yueru the most, in fact, he once considered giving 3% of the shares directly, and with the current valuation of more than 2 billion in Yoyo Group, the value of this share will exceed 60 million.
Liu Yun understands that even if Liu Yueru is his most trusted cousin, she can't show too much favoritism in front of the company's management, which will make people feel that they are too selfish. Over time, Yoyo's current executives will be a little impetuous, like a timed explosive, which may explode at any time.
In his hometown of Donghai City, as long as there is a slight scale, the private enterprises with assets of hundreds of millions of dollars are all family businesses, and all important management positions are held by the boss's relatives.
Just as the boss of a company he worked for in his previous life said: Do you think I will not know that my relatives are secretly making profits? I know very well! Could it be that you outsiders will not make profits when you become managers? Instead of this, it is better to cheapen my own relatives!
The bosses of many private enterprises in Donghai City are eager to tell the world: Lao Tzu's company is a family business, and you can't come if you love it. They didn't think about expanding, they only thought about holding on to their own one-third of an acre.
Many industrial companies do not have as much demand for talents as Internet companies, but their dependence on policies is far greater than that of Internet companies.
From words to deeds, the bosses of these companies have made it clear to their employees that my company is a family business, and people have already accepted this fact for a long time. Employees who have a little idea and a little ability have already changed jobs after accumulating work experience.
But Yoyo is different, Liu Yun has set a tone from the beginning of its establishment, the Internet is the mainstay, supplemented by industry, and he has never said that this is a family business. When he gave a speech at Zhejiang University, when he recruited talents on his personal blog, he always had the intention of recruiting talents from all over the world.
If Youyou goes to the family business under Liu Yun, this is a slap in the face, and it will also make the company he founded lose the opportunity to move towards a top Internet company.
So Liu Yun thought about it again and again, and had a private discussion with Liu Yueru, and decided to split 3% of the shares into 2% gifts and 1% purchases.
He glanced at the crowd, took the document and continued to read: "Mr. Liu Shihua will also officially obtain 1% of the shares of the group company. ”
After hearing this, all the management looked at Liu Shihua with some envy, he used to be the backbone of Sohu company, is the first technical backbone to join Youyou, although this person is not tactful enough, not good at words, not proficient in human sophistication, but work with high efficiency, can always successfully complete the tasks assigned by the boss.
Liu Yun also took advantage of this to tell his subordinates: In my place, you will engage in relationships, and it is useless to be able to make sycophants, I only value your personal ability and how much value you can bring to the company.
Next, financial director Zhang Lili obtained 0.5% of the company's shares, administrative director Zhu Xiaoli obtained 0.5% of the company's shares, marketing director Chen Di received 0.5% of the shares, and editorial director Xia Lu received 0.5% of the shares. ”
These people are the veterans of the company, and you can't do without their contributions today, and Liu Yun has always kept them in mind.
After he said this, he put down the documents in his hand and continued: "All the senior management, as long as they can work in the company for three years, I will give appropriate equity intensity according to their contributions, and the middle management can also enjoy part of the dry stock dividends." ”
Liu Yun's words are the best spur for these employees, and they also make everyone interested.
"Of course, for the benefit of the company, I have made a binding clause. The company's shares can only be traded within the company and are not allowed to be sold. If the company's senior management resigns from the company within three years from the date of ownership of the shares, the stock price will be recovered by the group at 7% of the market valuation, and the group company will recover it at the market price if they leave after three years. ”
He had already taken all aspects into account when deciding to implement the equity rush. This company can be said to have been established almost by Liu Yun's own efforts, except for him, the boss, there is no so-called second or third shareholder.
So he can make the rules by himself and dictate everything. There is no need to worry about the founder of the partnership selling his shares to outsiders, as the bosses of other companies do.
Liu Yun knew he had to take control of the company.
"As for the dividend at the end of the year, I will discuss with the company's senior management, including the finance department, and formulate a detailed rule, which will be officially announced after the establishment of the group company. This concludes our business for today. ”