In most cases, professional managers are subject to the orders of the controlling majority shareholder or the board of directors, and the controlling party has the power to kill and kill the professional manager.

Today, I can hire you as an executive, and tomorrow, if you make me unhappy, I can fire you and give you some liquidated damages at most.

However, it is not excluded that there are some special circumstances where professional managers have a stronger voice than the board of directors, and even control the entire board of directors.

The most typical situation is Apple before Zhang Chen's rebirth, after Jobs returned to Apple, he was no longer a shareholder of Apple, but he controlled the entire board of directors, and no director dared to resist Jobs' will.

Another example is legendary CEOs such as Jack Welch and George David, who started as salesmen and worked their way up to the top of GM and UTC, and with their outstanding performance and ability, they convinced all shareholders and took full control of the board of directors, becoming the real emperor of this company.

Whether it is Steve Jobs or Jack Welch, they all have one thing in common, that is, their outstanding personal ability and industry reputation are enough to make shareholders and the board of directors unconditionally trust them, and they are deeply rooted in the company, and they have been operating hard for more than ten years, and finally become the irreplaceable choice of the company.

Yes, irreplaceable, this is their common label.

But there is another case, which is very special.

Management MBO.

Many people think that management buyouts only exist in listed companies or companies where the majority shareholder is unstable. But in fact, some data show that the proportion of companies with absolute control by major shareholders is much larger than that of listed companies and companies with diversified shares.

These companies certainly have their common characteristics.

First, major shareholders are often not directly involved in the management of the enterprise, but are entrusted to professional managers. Professional managers are responsible for all the day-to-day management and operation of the enterprise.

Second, the company's performance is heavily dependent on the personal relationships or personal competence of certain professional managers.

Third, professional managers have full control over the personnel rights of the enterprise.

Fourth, the enterprise has good development prospects.

Fifth, there is capital intervention.

Of these five, the fifth is a hard condition, and if three of the remaining four are met, the success rate of the management MBO is very large.

It is also easy to understand that in an industry and company with good development prospects, once a professional manager has mastered the lifeblood of the enterprise's survival and holds great power, he will inevitably seek further control over the enterprise, and at this time there will be a game with the controlling party.

In this case, the controlling party is also afraid of the wolf, first, all the company's performance depends on the management, if the management is really relieved of its responsibilities, the company's performance will definitely be finished, and the company will be finished. Second, all employees obey the orders of the management, and once the relationship between the two parties is completely broken, the management takes everyone to change jobs together, and the company is doomed.

What is a company? On the surface, it seems to be an entity, but in fact, a company is a collection of people. People are gone, what is the company going on?

Of course, with the exception of the leather bag companies used to settle accounts, what is discussed here is only a normal company that operates reasonably.

Under this kind of game, the major shareholders of the controlling party consider their own interests and weigh the pros and cons, and it is very likely to choose a compromise plan, that is, to hand over the controlling stake to the capital side, and the management will acquire the company, and the professional manager will become the real shareholder and controlling party.

Among these five points, Huang Zhirong thinks that he is satisfied with all of them.

First of all, Zhang Chen has too many things, basically rarely participates in the daily management of the company, and the management meeting is only attended once a month, listening to the report, many times it is in the form of a telephone conference, and he can't even see anyone, Huang Zhirong believes that Zhang Chen has lost control over the daily operation of Galaxy Real Estate.

Secondly, when he came to Galaxy Real Estate, Galaxy Real Estate was only a small company with less than 20 people, and almost all the employees were recruited by him, except for the CFO arranged by Zhang Chen, all of them were his own people.

Needless to say, the prospects for the development of enterprises are obvious to all, and although the negotiations on WTO accession have been full of twists and turns, everyone knows that China's accession to the TO is the trend of the times, and if it does not enter this year, it will enter next year, and it will certainly enter next year, and at most it will definitely enter the WTO the year after next. After China's accession to the WTO, China's economy will be thoroughly linked with the world economy and will inevitably become a new growth point for the world economy.

In terms of financing capital, he and Xue Hongbing not only found Bain Capital, but also contacted their old clubs Sun Hung Kai and Zheng Yutong's New World.

Galaxy Real Estate's current assets are about 1.8 billion yuan, and its liabilities are about 1.3 billion yuan, and the assets are mainly the three pieces of net land in hand.

The debt ratio of 72 percent is not high in the real estate industry, and if he wants to buy, Huang Zhirong has calculated that even if it is a 20 percent premium, it will only actually cost more than 800 million yuan, which is equivalent to 100 million US dollars.

Finally, the most important thing is that in the past year, Huang Zhirong has made a lot of achievements in Galaxy Real Estate, whether it is the successful acquisition of the Lujiazui plot or the planning and construction of the Galaxy Center in Beijing, he has invested huge energy and achieved quite amazing results.

Moreover, under its own management, Galaxy Real Estate has also successfully reached a comprehensive cooperation with the LVMH group.

This is an unprecedented achievement of commercial real estate in the mainland!

LVMH, just hearing this name, it seems so high-end and high-end.

This is the world's No. 1 luxury group, LV, DIOR, LOEE, CELINE, Berluti, TAG Heuer, IPACS, Hennessy, Moët & Chandon, Veuve Clicquot。。。。。。 These thunderous names all belong to LVMH!

Huang Zhirong almost couldn't believe that his luck was so good, LVMH would take the initiative to find Galaxy Real Estate for cooperation, and after several rounds of negotiations, the treatment given to Galaxy Real Estate was no worse than the treatment given to New World Development and New Henderson.

Huang attributes all of these achievements to his mutual appreciation for Brunsweig, vice president of LVMH Asia Pacific, and the Frenchman's enthusiasm for him convinced him that even if he started anew, he could take LVMH away and turn it to support his new company.

He is now beginning to regret why he didn't leave Sun Hung Kai earlier, and if he had been a few years earlier, maybe he would have become a real estate tycoon no less than the Kwok brothers.

It's not too late to wake up!

Huang Zhirong does not like the word ambition, he prefers to use ambition to describe his current state of mind.

However, Zack has a certain degree of kindness to himself, and if he can, he wants to repay it.

Then set the premium at 30 percent.

Well, that's it.

Huang Zhirong looked at the hot Galaxy Center construction site opposite the window, and couldn't help but show a satisfied smile on his face.

(End of chapter)