The gap between Class A stocks and Class B stocks is still very large.

This starts with the shareholding structure of the Estee Lauder Group, when Estee Lauder went public, in order to protect the Lauder family's control over the company, the method of different rights to the same shares was adopted.

In other words, the stocks in the hands of the members of the Lauder family are Class B shares. Each share has 10 voting rights.

The rest of the investors own Class A shares, and each share only has one voting right.

Leonard, of course, didn't want Wang Ye to get Class B shares, because that would threaten the Lauder family's control over Estee Lauder Companies.

Therefore, when he heard Wang Ye's words, he was stunned, and his face became gloomy.

"Wang Dong, the dividend rights enjoyed by AB shares are the same, you don't need to take Class B shares. If you insist, can I doubt what your purpose is for The Estée Lauder Companies? ”

Wang Ye smiled and said-for-tat: "I believe that the board of directors of Estee Lauder is an open and inclusive group, and the Estee Lauder Companies is also a great company, and it should not be complacent." Mr. Leonard, times are different, and every great company may soon be eliminated if it can't absorb fresh blood!"

Fu Yide, who was in the corner, his eyes lit up, and he agreed with Wang Ye's words very much.

If it weren't for these old men on the board of directors getting in the way everywhere, how could Estee Lauder become like this, if the management of the company was really handed over to him, Fu Yide believes that not to mention defeating Procter & Gamble and Unilever, but it is still very realistic to compete with Procter & Gamble.

Although he agreed with Wang Ye's opinion, he had no right to speak, so he could only remain silent and wait for the development of the situation.

Ronald didn't say anything, his eyelids drooped as if he were asleep, not knowing what he was thinking.

Chairman William saw that the situation was not right, and the smell of gunpowder between his father and Wang Ye was full, and he hurriedly opened his mouth and said: "Chairman Wang, please understand, because Class B shares involve the issue of company control, of course we must be very cautious." ”

"Hehe, please note Leonard and Mr. William, my floating flower company has two brands with unlimited potential, and you are not the only ones interested in Estee Lauder. To be honest, Procter & Gamble and L'Oréal are also waiting for my reply. ”

Wang Ye said neither softly nor hard, and a lot of information was revealed in his words.

This is also normal, the Huaguo market has developed into the world's largest home chemical market, of course, the home chemical giants are staring at this market, and everyone will take action immediately if there is any trouble.

As the brand with the largest market share of mid-range cosmetics in the Chinese market, Flower Story will certainly be interested in many companies.

Moreover, Wang Ye did not have a lion's mouth, with a valuation of more than 6 billion US dollars, which is not a large amount for Estee Lauder, and it is even more drizzly for a giant like Procter & Gamble.

William patiently asked: "Why does Wang Dong have to be Class B shares, do you want to join the company's board of directors?" But, with all due respect, I'm afraid Wang Dong doesn't have so much time and energy to participate in the management of Estee Lauder. ”

"William, I created the Floating Flower Company single-handedly, and although this company is not ranked high in my industry now, I can't throw it away in vain. With Estee Lauder's shareholding structure, there is too much difference between having the right to speak and not having the right to speak.

Do you really think that you can swallow the floating flower company without spending a penny or paying any price?"

Wang Ye stared at William's eyes and said slowly.

was seen through by Wang Ye, William's face turned red, and he was speechless.

If it is really as his father Leonard said, the private placement of shares to acquire the floating flower company, and it is a class A share with very low voting rights.

It's almost fair to say that the Estée Lauder Company didn't have to spend a penny to acquire Fuhua, which is what some of the big and powerful companies like to do.

Although it seems that the founders of the acquired company have obtained some shares in the acquirer's company, the shares that have no say are of little use.

Because through various complex capital operations, it will not take a few years to find that the proportion of shares in hand is getting smaller and smaller, and if you want to get a large amount of dividends, it depends on the faces of the major shareholders who control the board of directors.

Leonard said unhappily: "Doesn't Wang Dong believe in our Lauder family? Our Lauder family has been ...... for decades."

As a result, before he finished speaking, he was unceremoniously interrupted by Wang Ye.

"Mr. Leonard, are you making a mistake, that is, it is you who are begging to buy the Floating Flower Company now, not my Floating Flower Company is begging you to buy it if it can't survive!

If you can't get your attitude right, then there's no need for us to talk about it.

Everyone's time is precious, and the people at P&G and L'Oréal are still waiting to meet with me. ”

Leonard was stunned for a moment, he was used to being domineering, and he was also a man of his word in Estee Lauder.

Even if he retires now and no longer serves as the chairman, but the current chairman William is also his own son, don't you still have to listen to yourself?

When has he ever been directly reprimanded by someone who is so faceless.

Leonard was ashamed and angry, but he still kept his senses and knew he couldn't say no words. So, simply slap the table and turn around and leave the conference room.

When William saw it, he panicked, and hurriedly apologized to Wang Ye: "I'm sorry Wang Dong, my father is ...... It's just a bit of a puzzle, and this definitely doesn't represent the attitude of the Estee Lauder board. Let's go back and discuss it and continue tomorrow. ”

Wang Ye smiled disapprovingly: "It's okay, but I hope that when we talk again tomorrow, Mr. Leonard will be able to show the attitude he deserves." ”

When the personnel on the Estee Lauder side were about to leave, Wang Ye suddenly said: "Mr. William, although there is no progress in the negotiations today, it does not rule out the possibility of our cooperation in the future. So, I'd like to know a little bit more about The Estée Lauder Companies, can you leave a member of management and help me answer some questions?"

William was stunned for a moment, and after reacting, he immediately said, "Yes, there is no problem." ”

As he spoke, he took a look at the personnel on his side, and the person he chose should not only be familiar with the company's situation, but also have sufficient identity.

If you send a secretary or something, it will definitely be disrespectful to the royal industry.

It seems that those who meet these two points are themselves, uncle Ronald, and CEO Fu Yide.

I have to go back to discuss the acquisition with my father, so naturally I can't stay, Uncle Ronald...... Forget it, I can't command him.

Then Fu Yide is the most suitable person.

He is the CEO, so of course he knows the company very well.

Moreover, Fu Yide has no shares in his hands, and there will be no "suspicion of collaborating with the enemy".

"Mr. Fu Yide, can you stay and ...... with Mr. Wang" William politely asked Fu Yide's opinion.

Fu Yide didn't hesitate, nodded and said, "Yes, Mr. Chairman." ”

So, William left with the negotiation team, and Fu Yide was left behind.

Wang Ye smiled and said, "Let's go, Mr. Fu Yide, let's go to the office and talk." ”

After the two came to Wang Ye's office, they sat down on the sofa respectively.

Fu Yide is not American, he was born in France, but he is neither like a casual American, nor a romantic Frenchman, but a serious and old-fashioned character, more like a German.

Sitting on the sofa, he also straightened his waist and sat upright.

Wang Ye looked leisurely, crossing Erlang's legs and leaning on the back of the sofa.

Liu Ruomei took two cups of coffee and stepped out, leaving only the two of them in the spacious office.

"Wang Dong, I don't know what you want to know?" Fu Yide asked seriously.

Wang Ye smiled lightly and said, "I want to know what kind of plan you have for the development of Estee Lauder." ”

Fu Yide was stunned when he heard this, this question ......

It seems to be the question that Chairman William asked when he interviewed himself.

And Wang Ye should not have any working relationship with himself, how could he ask himself such a question.

Seeing Fu Yide's hesitation, Wang Ye smiled heartily and said, "Don't mind, just talk casually." Mr. Fu Yide has been working in Procter & Gamble for more than ten years, and his performance is very good, so I would like to hear your views on the cosmetics industry. ”

Fu Yide was relieved, he was also suffocated, and he was restrained everywhere in Estee Lauder, but his skills were useless.

Although Chairman William is gradually supporting himself, William's own voice is not enough, so he is also struggling.

Those plans that can't be realized, why not tell Wang Ye about it.

Let's talk about it, Fu Yide began to talk about his development plan for Estee Lauder.

Wang Ye nodded while listening, Fu Yide is still not famous. Maybe only Wang Ye knows how powerful he is.

It can be said that the Estee Lauder Company was created by Mrs. Lauder, and Leonard took it to a bright path, but the person who really brought it to the top was Fu Yide!

Listening to Fu Yide's description, Wang Ye kept nodding his head, and only after he finished speaking, did he ask: "Very wonderful plan, but why haven't these things been implemented yet?"

This time asked about Fu Yide's weakness, and his face became depressed.

If you choose the most cowardly CEO, it is estimated that Fu Yide will be able to win the first place. Of course, add William, the most cowardly chairman.

At most, there is one emperor on the head of others, but the two of them have two emperors on their heads.

What's even sadder is that these two emperors often disagree!

He and William were rats in bellows, and that was really uncomfortable.

"Hey, it is estimated that Wang Dong also knows some information, and there is nothing to hide, the board of directors of Estee Lauder...... It's hard to put into words. Fu Yide said.

"It's just the two of us right now, so it's safe to say what you think Estee Lauder will be able to get back on track. ”

Fu Yide said cautiously: "As long as the board of directors is united and gives me full authority, then everything is fine." ”

"If one day, I take the helm of the board of directors of Estée Lauder, then I will give you full authority to realize the plans you just mentioned. Wang Ye said calmly.

Fu Yide was taken aback, what does Wang Ye mean by this?

Even if Estee Lauder agrees to give Wang Ye Class B shares in this acquisition, it is still far from his control of the board of directors.

Could it be ......

Fu Yide thought of a possibility, but he felt that it was too unbelievable to believe it.

"When that day comes, I hope that Mr. Fu Yide can stand up and support me with a clear attitude, because only I will give you enough trust and power!" Wang Ye looked at Fu Yide with a smile and said.

……

Returning to the hotel in a daze, Fu Yide was thinking about what Wang Ye said all the way.

He really couldn't guess what Wang Ye could do to get control of Estee Lauder's board of directors.

Because the 40% Class B shares in the hands of the Lauder family have firmly controlled the board of directors, will Leonard and his son still sell their shares to Wang Ye, that is obviously impossible.

Fu Yide has worked at Estee Lauder for more than a year, and he is already very familiar with Leonard's character, stubborn and tough!

When he returned to the hotel, Leonard and Ronald were in a meeting to discuss the acquisition of Floating Flowers.

The three of them had another heated argument, of course, mainly between the two brothers, Leonard and Ronald, and William was busy arguing on both sides.

"That kid has too much appetite! He dares to fight the idea of the board of directors' right to speak! Tomorrow, according to my wishes, I can issue additional shares in a private placement, or I can compensate in cash, but if I want Class B shares, there is no door!" Leonard said angrily.

"Hehe, brother, you are confused, you haven't read the report on the share of Fuhua Company in the Asia-Pacific market, such two good brands, many companies are rushing to acquire! Do you still think that Wang Ye will scarce your money?" Ronald said mockingly.

"What do you mean, why don't you speak on the side of the company, are you still a member of the Lauder family?"

Leonard was furious.

William hurriedly played a round game: "Dad, uncle, don't argue." We are determined to win the floating flower company, and now we should discuss it as soon as possible, what kind of acquisition conditions can be taken up by Wang Ye before Wang Ye can accept it. ”

"Otherwise, we're just going to buy the Floating Dream, which is the best brand out there, in keeping with our Estée Lauder heritage. As for Flower Story, it's just a low-end brand, so you can do it or not. Leonard suggested again.

Now it was Ronald's turn to jump to his feet: "What the hell are you thinking about?!" Although it is a top brand, it is limited by production, and it is at most a billion dollars in sales per year.

The Flower Story brand is the most valuable, just in the Chinese market, the annual sales are almost 2 billion US dollars, and in the future, through our channels to the global market, 5 billion or even 10 billion US dollars are possible!"

Fu Yide sat in the corner and watched this scene coldly, he was used to it. Only when these two major shareholders compete for superiority will the matter come to a conclusion.