Chapter 169: Back to Light
Is there a company where the chairman and CEO are the same person and have the power alone?
Alice carefully thought about it, and it seemed to her that there were few companies with such extreme situations.
Roy laughed and said, "Hahaha...... Fool, far away in front of you, it's me!"
Alice muttered, "Didn't you say it was a well-known company?"
"I ...... This ...... "Roy was embarrassed, he did have a monopoly on the peanut venture capital he created, the chairman, CEO, and founder, but this is just a start-up, without any record, let alone a nominee. Leo is the de facto CEO of the water fund company, he is the chairman, and he is also the chairman of Red Coral and Worry-Free Payment, holding the majority of the voting power of the board of directors tightly in his hands, and belongs to the hidden boss level man.
Roy combed through his mind, among the well-known large enterprises in the United States, it is really difficult to find a well-known company with a CEO and chairman of the board. But in the future, there is such a thunderous company - Facebook.
Mark Zuckerberg, the CEO of Facebook, is a superboss who is the chairman, CEO, and co-founder.
Why is he so young that he can be a special case in the company?
There are two main reasons, one is that Zuckerberg is really capable and leads the company to grow quickly. Another reason is that Sean Parker, a famous entrepreneurial mentor of Zuckerberg, constantly instilled brainwashing in him.
Why did Parker do this?
This brings us to a long-standing culture in Silicon Valley that didn't trust young founders. So, Silicon Valley venture capital institutions have a long tradition of not letting young founders be CEOs.
Silicon Valley even has a proper term to describe this phenomenon, called "adult supervison." This means that a child needs to be cared for by his or her parents in the same way that he or she does not have secure civil capacity when he or she is a minor.
There have been successful cases of this approach, as well as very bad cases.
The most well-known success story is Google. One such failure case is Zuckerberg's mentor, Parker.
Parker was free and loose by nature, and Sequoia Capital, which invested in his company, looked down on him very much, and later Sequoia directly kicked Parker out of the company he started through various operations, and he left no shares at all.
So Parker always held a grudge against this, and when Sequoia Capital wanted to invest in Facebook, he teased him back, and he was ashamed.
Influenced by Parker's ears, Zuckerberg focused on controlling power early on, so he devised a lot of prevention mechanisms, and still controlled nearly 60% of the voting rights after Facebook went public.
Roy couldn't help but sigh, Zuckerberg is really a role model for my generation of young people, ** exploded.
Alice followed Roy's train of thought and sorted out the company's power structure, and finally understood why Roy was so confident that the Wansheng board of directors knew that the CEO was fooling around, and would definitely punish him severely.
She smiled and relaxed, "Will the result of Mr. Fink, the CEO of Wansheng, be miserable? ”
Roy shook his head, "Little girl, you're still too young. Even if Fink makes a big mistake and is removed from the position of CEO, he will still receive a large amount of compensation and leave in style. Perhaps the Board of Directors will also keep the reasons for his dismissal confidential. Fink will soon be able to find another high-paying management job. ”
Alice was dumbfounded and complained, "This is too unreasonable, you must know that he may have thrown away 500 million dollars yesterday!"
In reality, although company executives are subject to various constraints, they are often financially able to survive drought and flood.
There are indeed many such examples. For example, Yahoo's previous CEO Marisa Meyer, who can be said to have mediocre performance during his tenure, but when he finally left his job, he still received $24 million in compensation, which has to be sighed.
For example, when the dot-com bubble burst in 2000, many Internet companies would go bankrupt, but when employees lost their jobs, those company executives could leave with high compensation (assets in bankruptcy liquidation).
When Roy first entered the industry, he also complained about this situation, thinking that these vampire moths were simply corpse vegetarian meals. But later, as he experienced more and more, he learned that the price of commodities is often determined by market supply and demand. It is precisely because good CEOs and executives are very scarce, so compared with sky-high severance compensation, if you are not willing to spend money to find good management, the company's shareholders may lose more.
Sometimes financial rewards are not entirely tied to your job performance, but to the scarcity of skills you can provide. That's why CEOs and executives can have high financial returns, even if they don't perform well.
Therefore, Roy estimates that even if Vinson CEO Fink is forced to resign, the compensation will be quite generous.
……
They came to Leo, the hour hand was already pointing to 10:30, and the stock market had just opened.
Roy stared up at the large TV hanging in the center of the work area, his heart fluctuating, excited and faintly afraid.
Leo walked over and whispered: "I have received 50 million from Peanut Ventures, if the opponent gives up continuing to inject capital and maliciously raises the stock price, this 50 million operation is enough......; Please prepare for the worst......"
Roy sighed in his heart, the confidence accumulated last night was destroyed by Leo's low prediction, his heart was about to jump out of his throat, and cold sweat was silently oozing from his forehead, and the whole person was shrouded in nervous and exciting emotions.
Today is the time to eat all the chips, or to scatter all the wealth, and gamble on your life.
The market has just begun, and the share price of Ganlin Paper is still swimming against the current, slowly climbing upward, although it does not rise much, but it seems to be strong and powerful.
There was a desperate uproar from the surrounding operators, and the whole company fell into a helpless stupor.
Roy kept comforting himself like this in his heart, how could it be that Cliffor wasn't playing tricks? He usually didn't offend anyone else, who would be so boring, use such a big deal, and play a game with a very small chance of winning?!
Roy's whole body tensed, and the tremendous pressure came like a tidal wave, which seemed to drown his mouth and nose, and he could barely breathe.
Suddenly, a trader shouted, "It's falling, it's falling!"
Roy took two steps forward with all his might, and the stock price of Ganlin Paper finally stopped rising and fell slightly.
However, this is not enough.
Suddenly, the stock price was like lightning, falling vertically, showing a plummeting trend, and after a few minutes, the plummeting trend was like a waterfall falling straight down, breaking through the blockage with the momentum of destroying the ancient and decaying, and there was no curve to rise.
Everyone stood up and howled wolf, releasing the pressure in their hearts like a mountain.
Roy stumbled and barely stood still. He wiped the fine sweat on his head, relieved. He clenched his fists, strained his arms, and yelled, "Death to the garbage company!"