Wang Ye first used the "bait" Floating Flower Company to seduce his company to take the bait, and took advantage of his side's ambition to win, and successfully obtained a part of Class B shares.

Then he lured his stupid younger brother Ronald to transfer shares with huge benefits, and paralyzed himself, thinking that his younger brother was joking.

As a result, the fake drama was really done, and the younger brother really sold the shares to the European Emperor Fund at the speed of light, which caught him off guard.

However, he is still too young to think that he will not be able to scrape together a huge amount of money to buy back shares in a short period of time.

This time, he has more than 50% of the voting rights firmly in his hands, and it will be interesting to see what tricks he can play.

As for why Wang Ye did not rush to buy shares with himself, Leonard guessed that the biggest possibility was that there was a lack of funds.

The acquisition of Ronald's shares alone cost $8.4 billion in cash, and with some outstanding shares, it is estimated that it will cost more than $20 billion.

If you want to acquire all the outstanding shares of Estee Lauder, Wang Ye should not have so much financial resources.

……

With the announcement of Chairman William, this time the general meeting of shareholders officially began.

The board of directors was supposed to be held, but too much has happened in the company lately, and the structure of the board of directors will also change significantly.

With the change of the company's majority shareholder, the board of directors needs to be re-elected, and the term of the current chairman, William, is coming to an end.

This required a shareholders' meeting, so it was simply changed to a shareholders' meeting.

That's why those minority shareholders are in the boardroom.

The first topic of the conference, and of course the most important, is the election of a new chairman.

This is what Leonard and his son are determined to achieve.

At present, Estee Lauder Companies, although it has CEO Fu Yide, but the chairman does not delegate power, then Fu Yide is a puppet.

In fact, it is not that Chairman William does not trust Fu Yide and is unwilling to give him power. It's just that he can't help it.

Although his father Leonard abdicated, he did not lose power, not only CEO Fu Yide is a puppet, but also himself, the chairman, is also a puppet.

If he had a choice, William really wanted to be like the chairman of other large companies, and he didn't have to go to work at all.

Take control of the general direction of the company's development, and leave everything else to the CEO.

But my father didn't allow it!

And Leonard always holds high the banner of "the interests of the Lauder family" and occupies the moral high ground.

William himself does not have many shares in his hands, and his personality is relatively weak, so he has no choice but to listen to his father.

To be honest, hiring CEO Fu Yide is a kind of rebellion for him, and it is also a means chosen by William to escape the cumbersome company affairs.

He quarreled several times with his father Leonard and his uncle Ronald over this.

……

"I nominate William to continue in the role of Chairman, a position he has held for several years, and during these years the company has grown rapidly and achieved excellent results, which is evident to all. ”

Leonard was the first to speak.

Taking this crucial position first is the key to controlling the company's board of directors.

controlled the company's board of directors, and naturally in the future, he would slowly find opportunities to slowly squeeze out the people of Wang Ye's family.

can even be through mergers and acquisitions, investment, profit transfer, etc., so that Wang Ye is dumb and can't say what is suffering.

On his own turf and wanting to fight with himself, Leonard felt that Wang Ye was thinking too simply.

After nominating his son, Leonard smugly scanned the conference room, and finally fixed his eyes on Wang Ye's face to see how he reacted.

Lost?disappointed?

Or, simply despair!

Who knows, Wang Ye kept a smile on his face, as if he didn't care about it at all.

"I don't think Mr. William is fit to continue as chairman, and the performance of Estée Lauder in the past two years has indeed been as Mr. Leonard said, for all to see. However, instead of getting better, it is about to collapse. ”

Wang Ye did not speak, but Frederick next to him expressed a different opinion.

Leonard shifted his gaze, and of course he knew the identity of the person who was speaking.

But well, the prince of a small Nordic country, in the great United States, it is not your turn to go wild!

What's more, this man is obviously selfish in his speech.

William is not suitable, so who is suitable?

Could it be Wang Ye?

The question is, who doesn't know that Wang Ye is Frederick's son-in-law.

But Leonard forgot that the William he had just nominated was not his own son.

In other words, Leonard believes that the chairman of the Estee Lauder Company must be the successor of the Lauder family.

Because this company founded by the Lauder family will never be handed over to outsiders!

Glancing at Frederick coldly, Leonard asked: "The company's performance in the past two years has indeed been unsatisfactory, but this is also due to environmental factors. Besides, what company doesn't experience a lull period? You don't think William is suitable, so who do you think is more suitable?"

Frederick said calmly: "I think Wang Ye is more suitable!"

Sure enough, Leonard knew that what was supposed to come was still coming.

The other party is not giving up, does it mean that they don't know that they have acquired 17% of the outstanding shares and have more than half of the voting rights in their hands?!

It's not impossible, these gringos may be more stupid than they think.

"We don't have to argue about this issue, let's vote directly on the shareholder representatives, and if we agree to William's continued chairmanship, please raise your hand. ”

Leonard wants to cut through the mess quickly, and in this kind of thing without suspense, it is not suitable to delay too much time.

As soon as the words fell, on Leonard's side, the members of the Lauder family raised their hands and agreed that William would continue to serve as chairman.

"Haha, Mr. Frederick, the opinion of the shareholders is what matters, and now that more than half of the shareholders holding the voting rights are in favor of William continuing to serve as chairman, what else do you have to say? ”

Leonard looked at Frederick playfully with the joy of victory on his face.

However, to his surprise, Wang Ye's group on the opposite side did not panic, but the representatives of the asset management companies showed a different color.

"Mr. Leonard, are you mistaken, the person who raised his hand in favor did not have more than half of the voting rights, so your proposal has not yet passed. ”

Frederick said calmly.

Although his face was calm, there were also turbulent waves in his heart.

Nominating Wang Ye, of course, was something they had already discussed, but what was happening now, Wang Ye didn't tell him before the meeting.

Just now, when Leonard said that he was going to vote by show of hands, he thought he was going to lose.

But, all of a sudden, the situation changed.

Leonard was stunned for a moment, he looked at Frederick and said: "Don't you know that William and I have joined forces to acquire 17% of the outstanding shares, although they are all Class A shares, but plus the Class B shares held by our family, the voting rights are also more than half." ”

He didn't notice, but William, who was sitting at the head of the conference table, had seen it.

He looked at Leonard's side in shock and said, "Linda, why don't you raise your hand!"

When Leonard heard his son's words, he was also stunned, turned his head to look over, and he realized that among the several family members around him, Ronald's daughter, Linda, did not raise her hand!

Leonard's face immediately turned gloomy, this kind of thing has never happened!

In the past, although he and his brother Ronald could not agree on many things, it was an internal dispute.

Once the members of the family have agreed, they will follow his instructions at the board of directors.

Even if his younger brother Ronald said that he disagreed, he would raise his hand with his brother Leonard.

"Linda, what do you mean by that? Did you also sell the shares? If you sell your shares privately, it's illegal to trade, you know. ”

Leonard said with a straight face.

Linda, Ronald's daughter, is now almost forty years old, divorced, and is in charge of marketing within the company.

Hearing Leonard's father and son's questioning, Linda said unhurriedly: "I didn't sell my shares, but I don't agree that William is a good idea to continue as chairman." ”

How so......

"William is the heir of our Lauder family, your cousin!" Leonard said in shock.

"But why does the Estée Lauder Company have to be controlled by our Lauder family? Times have changed, the company has grown to the current size, and the management ability of our family members may no longer be suitable for the current Estee Lauder.

Why can't we hire better professional managers to manage the company?

is like Mr. Fu Yide, who obviously has a very outstanding talent, but because the board of directors is controlled by you and William, it is useless.

So I think it's a wiser choice to change the chairman. Oh, and in addition, the voting rights of the shares in my hands have been granted to Mr. Wang Ye.

So uncle, even if I wanted to vote for William, I wouldn't have any power. ”

As she spoke, Linda cast an admiring look at Fu Yide in the corner.

Fu Yide also raised his head to look at her, his face showing gratitude.

……

Leonard's mind went blank, and although Linda was only a minority shareholder, she only had 2% of the shares in her hands.

In the past, they were all overlooked roles.

However, at this point in time, the 2% stake in her hand is enough to be fatal.

Because, that's Class B shares!

Every share has 10 times the voting power!

Without Linda's 20 voting rights, her own side, of course, will not reach half of the voting rights.

The company's shares are divided into two classes, AB, with a total voting power of 524.

Subtract the 2% Class B shares in Linda's hands, then the shares held by Leonard and his son have only 243 voting rights.

Wang Ye, according to the information that has been submitted, holds 22.5% of the Class B shares, and 25 Class A shares, with 250 voting rights.

Now because of Linda's defection, the voting rights of Wang Ye's side have become 270, which is more than half of the company's total voting rights......

Ronald's sale of shares, although Leonard was caught off guard, still had time to salvage the situation.

But the inconspicuous Linda's defection blow was the most deadly.

Leonard didn't know what was going on behind the scenes, and he turned his gaze to Ronald sitting in the corner.

He asked in a deep voice, "Ronald, is this what you are doing?!" Even if you are dissatisfied with me, you can't joke about the glory of the Lauder family. ”

Ronald was also confused, and he had no idea of his daughter's decision in advance.

Hearing his brother Leonard's question, Ronald came back to his senses, and he laughed and said: "Leonard, although I didn't think of Linda's choice, I think she was right! Why does the company have to be controlled by our Lauder family, hand it over to Wang Ye and Fu Yide, maybe the company will develop better, and our family will enjoy dividends." ”

……

Why such a dramatic scene happened at today's shareholders' meeting started with Wang Ye's secret conversation with Fu Yide.

This is nominally the acquisition of Estee Lauder by Estee Lauder Company, but in Wang Ye's plan, it is the acquisition of Estee Lauder Company by Floating Flower Company and European Emperor Fund!

Compared with Estee Lauder, the volume of the floating flower company is of course much smaller, so it is considered to be small and large, and the plan is named "Elephant Swallowing Project".

This kind of huge plan, which uses tens of billions of dollars, is of course well prepared in advance.

Wang Ye looked at Fu Yide differently, not only because he was indeed capable, but also because Wang Ye also knew that Fu Yide and Linda, that is, Ronald's daughter, were dating in private!

Fu Yide is in his early forties and has been single.

Linda is nearly forty years old and divorced.

In order to avoid suspicion, the two are not in a public relationship at present.

Fu Yide served as the CEO of the company, but he has never had real power, and Linda has fought for him several times on the board of directors, but he is soft-spoken and has no effect.

However, her dissatisfaction with Leonard has also been for a long time.

After Wang Ye and Fu Yide had a secret talk, although he did not explicitly say what he asked Fu Yide to do, he also promised that if he took power of Estee Lauder, he would give him full authorization.

This also won Fu Yide's favor.

In order to keep it secret and contact Linda, Wang Yedu called LISA back from the island construction site, flew straight to New York, and secretly made an appointment with Linda.

In order to get Linda's 2% voting rights, Wang Ye paid double the right to dividends and promised to reuse Fu Yide.

With a two-pronged approach of interests and feelings, he finally won the voting rights in Linda's hands.

The two parties signed an agreement whereby Linda did not have to sell the shares, but she would need to delegate the voting rights of the shares to Wang Ye.

Wang Ye needs to authorize Linda with the right to distribute 4% of the dividends of tradable Class A shares.

That's why Linda said she no longer had the right to vote.

……

Leonard didn't know the deal behind it, but he knew it was over.

Hanging his head in despair, Leonard knew that the Lauder family's rule over the Estee Lauder Company was over.

There were no twists and turns, and with more than half of the approval rate, Wang Ye was successfully elected as the new chairman, effective immediately!