Chapter Seventy-Six: The Domineering President

Kakao's first shareholder meeting, which sounds bluffing, is actually just taking place in an ordinary conference room; And it's not dignified at all, Ding Ding and Smile Cody are just outside the conference room, shouting and ruining the atmosphere.

Except for Lin Dong and a few others, everyone else is Kakao's current executives. The general meeting of shareholders is not much different from the usual regular company meeting. The heads of various departments came to the stage one after another to reminisce about the bittersweet feelings, cry tired and cry poor, and ask for money and people. In their eyes, the meeting was a formality.

Several new shareholders tacitly agreed not to say a word, and Lin Dong even lay on the chair with his eyes closed the whole time. If it weren't for the occasional rocking of the chair, everyone would have thought he was asleep.

"That's Kakao's plan for the near future, thank you." Lee Seok-woo, the original No. 2 person of Kakao Company, made a concluding speech.

"Bang Bang!"

In a noisy round of applause, Lin Dong stretched his waist and yawned loudly, "Ah~~Oh~~", bringing the conference room into a weird atmosphere.

"Lin Dong, if you have any opinions, just put them forward." As a major shareholder holding more than half of the shares, Jin Fanxiu had to jump out to preside over the overall situation.

Lin Dong didn't give any face, "Can I speak?" I thought it was only Kakao's employees who could speak. ”

Jin Fanxiu's face darkened, "You are now the second shareholder of Kakao, so you are naturally qualified to speak." ”

"I'm a straight-talking person, forgive me." Lin Dong stood up and twisted his body, his bones crackled, and then stretched out his finger and swept around the heads of departments just now, "If I were the CEO, you could pack up your things and leave Kakao now." ”

Lin Dong ignored the group of people with blue faces and continued his performance. Slap the work plan document carefully prepared by Kakao employees on the table, "Garbage, garbage of no value." No, garbage is not as good as it, and these broken plans will also cost the company property. ”

Jin Fanxiu's face was as black as ink, he didn't expect the second shareholder to be so faceless, "If you have any suggestions, just explain it." They are all the founding heroes of Kakao, please respect them. ”

"Okay, I'll give you face." Lin Dong picked up the pile of documents, "Korean market report, Korean market plan, or Korean market ......"

One by one, a pile of A4 paper flew in the air, "Kakao now occupies 50% of the market share in South Korea, and you still want to continue to spend money to expand the market share in South Korea." Hahaha......"

"Is this a joke? Have you heard of the herd effect, the herd effect? Kakao doesn't have to do anything, and the remaining 50% of customers will naturally use Kakao to chat slowly. ”

Lin Dong slapped the table and asked solemnly at Jin Fanxiu, "Is this your original intention for founding Kakao?" Just nestled in this small pool in South Korea? ”

Jin Fanxiu opened his mouth for a moment before shaking his head and smiling bitterly, "We do have plans to expand outward, but after occupying the entire Korean market at that time. ”

"By the time you occupy the entire Korean market, there is no room for expansion around you. NHN is already working on a line chat app. You used to be the CEO of NHN, so you know how good they are. Can you wait? ”

Jin Fanxiu continued to shake his head, he understood the reason. It's just that it's too risky to expand outward on a large scale right now, and there is a big funding gap, after all, Kakao is still a free software with no profit points. "If you have any suggestions, just say it, I know you have a lot of ideas, and you don't need to go around in circles."

"Huh." Lin Dong smiled slightly, and finally calmed down the scene, "After financing, Kakao can now be regarded as a big company." Should a board of directors be established? (The Korean position should be called a director, and for the sake of reading convenience, the Chinese position title will continue to be used)

Jin Fanxiu was stunned again, and he couldn't keep up with Lin Dong's train of thought, so why did he turn to the board of directors?

"It's time to create a board of directors." Kim admitted that this was indeed an essential step.

Lin Dong turned to look at the lawyer, "Now that Kakao's shares, are only Kim Fan Xiu and me, as well as Representative Liu Jae-seok, have more than 5% of the shares?" ”

"Inside."

"Then I suggest that the first board of directors be composed of Jin Fanxiu, Lin Dong, and Liu Zaishi."

This is Lin Dong's first target, although Kim Fan-so has an absolute advantage in the shares. But the right is in the shareholders, and the execution is in the directors. It is the board of directors that really makes decisions about the day-to-day affairs of the company.

Controlling the board of directors gives you a lot of say. After all, the shareholders' meeting is too troublesome and must be notified more than ten days in advance, which is not suitable for daily operations.

"Impossible! I have a majority of the shares, but only one-third of the board seats, and I would never agree to this proposal. Jin Fanxiu jumped out to oppose it at the first time.

Lin Dong spread his hands, "Given that the performance of other small shareholders is really poor just now, they are still suitable to be executors, not decision-makers." And it's better for directors to separate the decision-making level from the executive level, which is a common practice in large companies, isn't it? ”

Jin Fanxiu didn't have to argue, but he absolutely couldn't agree to such a proposal, otherwise the restrictions on future business would be too great. You can't spend more than 10 days at a shareholders' meeting every time and then exercise your voting rights.

"I have more than 50 percent of the shares, and I don't agree with this board proposal."

Thumbs up to Jin Fanxiu, "Domineering, the major shareholder is full of words, and he is arbitrary, right?" ”

Then Lin Dong turned to the lawyer again and asked, "How can I, a small shareholder, protect my own interests?" ”

"Lin Dongxi, there are several conventional means for minority shareholders: auditing, litigation for the distribution of earnings, and voting at a general meeting of shareholders." The lawyer said in a serious manner that this was his duty.

"These three ways seem to have no way to take the major shareholders." Lin Dong smiled and spread his hands, "Let's say something useful." ”

"The ultimate killer weapon for minority shareholders against major shareholders is: the right to dissolve the company, when the chairman of the board of directors conflicts and cannot reach a consensus, shareholders holding more than 10% of the shares have the right to file a lawsuit for dissolution of the company. It's just that the outcome of the lawsuit is unpredictable. ”

"Bang Bang!" Lin Dong applauded very cooperatively, "This is good, this game is interesting." It should be very interesting to let Brother Shi and Brother Shi Zhen make a lot of trouble in the court. ”

This is the result of Lin Dong's research for a few days, as always. Isn't the majority shareholder great? If you provoke Brother Dong, let's play disband, and break up in one shot and two times, so that your company can't go on. Although there is a chance that this lawsuit will not be won, it is enough to bluff Jin Fanxiu.

"Everyone else is going out, I'm going to talk to Lin Dongxi alone." Jin Fanxiu gritted his teeth and said.

"In Brother Shi, stay." Lin Dong didn't give any face at all, and he was rigid to the end if he didn't reach his goal.

"Okay!"

……

When there were only three people left in the conference room, it seemed very empty, even a little bleak.

Jin Fanxiu lit a cigarette and swallowed the clouds with a sigh on his face, "I didn't expect that I would look away and lure the wolf into the room." The second shareholder will seize power on the first day he comes to the company, and he will empty me. But that's not possible, I'm still 51% of the shares. ”

"Yes, no one can take control of your Kakao. I'm just fighting for my own rights, and if I can't win it, I'll die together. Lin Dong said very shamelessly, just to ask for benefits.

"At the beginning, you said that you didn't want to operate the right, so I agreed to your financing."

"I have amnesia, I can't remember. Moreover, shopping malls are like battlefields, and if you are serious, you will lose. On top of that, your business philosophy is too backward. I want to make sure that my shares are worth their money. ”

Jin Fanxiu was complained face-to-face again, but he was already exhausted and unable to refute, "Let's just say it." ”

"We must make every effort to develop the entire Asian market except China, especially the Japanese market, and we must do our best to strangle LINE as a competitor in the cradle."

"China is the biggest market, why?" Kim Fan-so was quite puzzled.

"It's impossible, Kakao definitely can't play big penguins, the difference in strength is too far. And China won't allow foreign companies to control the flow of information, which is a dangerous thing. All kinds of world-renowned chat apps will not end well in China, and Kakao should not waste its efforts. ”

"Even so, Kakao can't afford to ...... just by exploring other markets."

Lin Dong stretched out his palm and interrupted Jin Fanxiu's words, "Four words, open source and reduce expenditure." ”

Seeing the other party's confused look, Lin Dong added: "You Koreans just don't study hard, and you don't even understand idioms." Let's not talk about open source. Throttling means saving money, is Kakao's publicity and promotion plan like Weibo? Hire celebrity endorsements to attract fan groups. ”

Jin Fanxiu nodded, this is the usual practice.

"That's why I say you're lagging behind. Today, it's out to play. Lin Dong took out his private goods plan from his briefcase, "Expand the function of the circle of friends (kakao-story), and you can follow the official account without adding friends." Don't care about anything else, we will vigorously develop the celebrity public account to attract fans. ”

"The technical difficulty is not high, but it is no different from other image sharing software, why should celebrities use public accounts."

"In the Korean market, Kakao wants to install all smartphones. If Kakao has a sharing function, why use other software? Lin Dong stood up and pressed his hands on Liu Zaishi's shoulders, "More importantly, we have such a national chairman as a shareholder. Fool a few celebrities to try Kakao first, and the rest won't be difficult. ”

Liu Zaishi maintained a professional smile, but scolded his mother in his heart: After sitting for a long time, he couldn't insert a word, it turned out that he was just being pulled as a tool to fool others.

Jin Fanxiu thought about it for a while, this plan really broke the plan of hiring celebrity endorsements. Not only does it save money, but it also seems to have a better promotion effect. This kid really has some doorways.

"It's a good way to throttle, and I agree. What about open source? ”

"Hehe, that's not in a hurry." Lin Dong also lit a cigarette and sprayed it with Jin Fanxiu, "It turns out that my plan is more effective, so should there be a conclusion about the matter of the board of directors?" ”

"Ahem, ahem!" Jin Fanxiu almost didn't cough up his lungs, but he still turned to the matter of decentralization. It's just that this time Lin Dong has more chips, rather than being unreasonable.

"The three-person board of directors is absolutely not good, then I, the majority shareholder, will be abolished. Let's join Lee Seok-woo again, the four-member board of directors, this is my bottom line. ”

"Even?" Lin Dong turned to look at the lawyer, "No problem?" ”

"In principle, the board of directors does not limit the odd or even number, but if there is an even number, the meaning of voting will be lost if there is a tie."

Lin Dong understood Jin Fanxiu's intentions, and he couldn't manipulate the board of directors and didn't let others manipulate it, so when it came to the final shareholders' meeting, Jin Fanxiu won steadily.

But Lin Dong never thought of completely setting up Jin Fanxiu, it was unrealistic and impossible. It is enough to be able to restrain each other on the board. There is room for maneuver in daily operations, and the other party can't hold a shareholders' meeting with troublesome procedures for big and small things.

"Yes. But the plan is nominally in my hands. And I'm going to add one more person to Kakao as a minister. ”

Jin Fanxiu had a constipated stinky expression on her face, "This project is naturally operated by you, but the minister can't do it, and the company's core technical personnel must implement it." ”

Lin Dong smiled, "Then get a new department and let my people be ministers, a new department that makes money from open sources!" ”

It is both candy and bitter medicine, Jin Fanxiu shook his head and smiled bitterly, if he wants to know the money-making plan, he must pay the price. "Well, if this plan passes, let your people be ministers."

"Mr. Lawyer, have you written it down? Verbal agreements are also valid. ”

Jin Fanxiu was almost angry, why didn't you mention the verbal agreement on the management right that you said during the financing. (To be continued.) )