Chapter 114: That's How Confident

The new venture publishing company was the first batch of equity incentives, and in the end, it received a subscription of more than 600,000 yuan, accounting for about 1% of the company's equity. Pen ~ fun ~ pavilion www.biquge.info

Although the company's net assets are only 60 million yuan, you must know that the profit of the entire 81 years is close to 40 million yuan.

Judging from the current money-making efficiency, according to the valuation of 60 million yuan, the value of each share is 0.6 yuan for employees to subscribe, as long as it is not stupid and incorrigible, otherwise, it will be subscribed to the top price, how much can be bought!

Employees are allowed to subscribe in cash, and at the same time, the cash for subscribing to shares can only be deducted from the monthly payroll. This is also to avoid the rapid division of equity by early employees, so that it will not be long before the equity subscription mechanism will become invalid, at least it will no longer work for latecomers.

After the equity incentive mechanism, the interests of the company's core employees are more tied to the value of equity and the company's profits and dividends, rather than just fixed wages.

This kind of system is to quantify the ownership of employees with equity, that is, the pseudo-public ownership mechanism.

The so-called public ownership is inevitably inefficient, and private ownership produces high efficiency, which is purely a false proposition.

The public-owned economy later became inefficient because the stimulus mechanism failed.

In contrast to the enterprises of the newly exploited private factory owners, who had just been liberated, the workers had worked hard all their lives and were also destitute. In the public-owned economy, not only are wages much higher than at the beginning, but also the life-long system of work, including children's education, medical care, housing, food, and a bunch of welfare, allows them to fully enjoy a richer life than the small landlords during the Republic of China. In addition, the profits paid by the factory are also used to help the domestic construction, which is not only materially satisfied, but also spiritually and ideally. Moreover, the original workers had the right to speak about the factory, participated in the construction and operation of the factory, and of course had a full sense of ownership.

A few decades later, the consciousness of workers has degenerated into an "iron rice bowl", and no matter whether the enterprise is making or losing, it is necessary to have the courage to ask the state to be responsible. After the reform and opening up, the factory director responsibility system, and even the contracting system, most factories accelerated their bankruptcy. Because these system reforms not only did not stimulate the enthusiasm of workers in production, but also deprived them of their right to speak in the factory. Many foolish enterprises have been further killed by reforms.

Of course, in the overall sense of reform, it is still relatively positive. After all, it is true that a large number of enterprises have died, but more new enterprises have also been established, and at the same time, state-owned enterprises have gradually accepted competition from foreign capital and private enterprises under the mechanism of a market economy. In the end, in the competition, whether private or state-run, the efficiency of the strong who can survive will naturally be greatly improved.

Later, those powerful giant central enterprises, their organizational ability and competitiveness, have been similar to the small state-owned enterprises with small physique and low professional level in the early stage of reform and development, and they have long since evolved for many generations!

It can be said that the market economy is a good thing, and the biggest benefit is competition. Without the mechanism of competition, both public and private ownership will degenerate.

Of course, under the brutal external competition, there must be sufficient incentives to maintain combat effectiveness internally.

The pseudo-public ownership of Xinchuang Electronics quantifies the spirit of ownership into equity. This incentive system is based on Huawei's later generations. Although Huawei is not a utopia in the minds of idealists, its incentive system is indeed very effective. In the competition, it not only defeated domestic opponents, but also defeated many strong international players and won the championship of the telecommunications equipment industry, which is enough to prove that this set of mechanisms is indeed effective.

Therefore, Lin Qi naturally imitated this set of incentive mechanisms.

Lin Qi's company implements an equity incentive system, which will naturally reduce Lin Qi's own equity. However, Lin Qi is confident that even if his shareholding ratio continues to decrease, it is impossible for any shareholder to overthrow his control of the company!

As far as the new start-up electronics company is concerned, Lin Qi currently holds nearly 99% of the equity, and only 1% of the equity is currently ceded. Even if 1% of the equity is transferred to the company every year in the future, it will take 50 years to transfer half of the equity.

As far as New Venture Press is concerned, although Lin Qi's current shareholding has been reduced to 49%, he is still the largest shareholder. And Zhang Dahai, Zhang Ru and other shareholding employees combined, it is estimated that it is not enough to threaten his rule over the company.

Moreover, Zhang Dahai had long lost the idea of competing with Lin Qi, but hugged Lin Qi's thigh very thoroughly.

"Boss, now the New Venture Publishing House has more than 20 million funds on its books, is it taking advantage of the decline in housing prices to buy more stores?" Zhang Dahai thought he was smart and said to Lin Qi, "The current housing prices have fallen by about 10%, and the price has fallen back to the price of 79!"

"No!" Lin Qi said indifferently, "Within the first half of this year, hold your wallet tightly." Just put the printing factory in Shenzhen into production, and don't invest in Hong Kong assets for the time being!"

"Why?" Zhang Dahai was stunned.

"Sino-British negotiations!" Lin Qi said, fearing that Zhang Dahai's stupidity would be incorrigible, he added, "This year is an important time for negotiations between London and Beijing." Hong Kong cannot withstand the wind and grass, and any piece of information, whether Beijing has the upper hand or London has the upper hand, will have a huge impact on Hong Kong. Even good news, once it is released, is huge bad news. It will inevitably cause some people to panic and thus sell off their assets! Therefore, Hong Kong's assets will plummet!"

Zhang Dahai was a little frightened and said: "Will the negotiations not go well and a war breaks out?"

"No!" Lin Qi said, "The final result should be the return of 97, and there will be no change! Of course, this is my personal judgment, believe it or not! However, whether you believe it or not, you have to do what I say!"

"......" Zhang Dahai couldn't understand Lin Qi's self-confidence.

But Lin Qi knew very well that Britain's Margaret Thatcher took the opportunity of the victory in the war of territorial disputes between Britain and Argentina to negotiate in the capital with hot iron, trying to use the Anglo-Afghan war as a bargaining chip to blackmail more interests. Of course, China naturally does not take Britain, a declining country that has long been an empire, seriously. The Anglo-Afghan war, such a small war, Britain fought so ugly and difficult. China, which is accustomed to seeing big scenes, how can it accept the blackmail of such a small military country as Britain?

If you want to buy the bottom of the real estate, at least until Margaret Thatcher goes to Beijing to negotiate a setback, and the reporter takes pictures of her walking unsteadily and falling down the steps, which will cause a panic collapse of Hong Kong's financial and real estate industries. British capital and a Chinese tycoon sold Hong Kong's assets to foreign countries at any cost.

It was this group of people, regardless of the cost, who sold irrationally, that caused the cheapest price of Hong Kong assets in the 80s.

The funny thing is that after these people smashed Hong Kong assets out of the lowest price in the 80s, the "Sino-British Joint Declaration" was issued, and the uncertainties fell to the ground, and then, Hong Kong's real estate prices rose 30 times compared to the low point of 82~84.

Looking back decades later, how bitter will people who sold their Hong Kong properties at the lowest point in 82 years be bitter?

How bitter these people are in their hearts, how sweet Lin Qi's heart will be in the future. Of course, it is not because Lin Qi gloated and built his happiness on the pain of others, but simply because he was happy to be able to copy the big bottom!