Chapter 176 The Board of Directors for the First Time in Four Years

Los Angeles, California, USA.

Kevin Lu likes the current posture of standing in front of the floor-to-ceiling window and looking out. This posture allows him to see as far as he can.

The beauty and splendor of this second city in the United States are all wrapped in unparalleled momentum.

It's a city that can't help but be enchanted. It's a city that you can't take your eyes off it.

If you want to find a corresponding place for heaven in this world, then the city in front of you is heaven on earth.

Perhaps God wanted not to make this place too perfect, and he allowed earthquakes to frequent it. Let the darlings who live here know that they still have regrets.

Lu Kaiwen greedily admired everything in front of him, and the agitation in his heart could not be suppressed.

"Kerr, show up quickly. I'm going to bring you here, I'm going to let you have all of this. Lu Kaiwen's mind was jumping with free imagination and surging with infinite reverie.

"Chairman, the directors have arrived." The door of the conference room was gently pushed open, and the secretary's voice shattered Lu Kaiwen's thoughts.

Kevin Lu turned around, and he saw a figure waiting outside.

"Directors, please come in." Kevin Lu gave instructions.

The directors walked in and walked into Lu Kaiwen's sight.

Some of these people are familiar, and some are unfamiliar. Lu Kaiwen didn't take the initiative to say hello, he was deliberately maintaining a condescending momentum.

Perhaps because he felt the momentum deliberately created by Lu Kaiwen, those old people who were familiar with Lu Kaiwen did not take the initiative to come over and make affectionate moves. They just gestured towards Lu Kaiwen's head.

"Maybe the old man greeted them beforehand." This judgment quickly passed through Lu Kaiwen's heart. He was quick to confirm this judgment. The last one to walk in was Cheng Mengqiu, who was already old.

Kevin Lu waved his hand to the directors standing on either side of the huge oval conference table, and the directors took their seats.

"Uncle Cheng, please take a seat" Lu Kaiwen spoke to Cheng Mengqiu, who was standing opposite.

Cheng Mengqiu smiled and arched his hands, and sat tremblingly in his seat.

The conference room fell silent, and Kevin Lu's eyes swept over the faces of each director one by one in the silence. Each of the directors nodded with a smile.

"Uncle Cheng, seniors, directors. It's been four years, and we're finally together again in our own company. There's only one thing I want to say at the moment. Thank you! Kevin Lu bowed deeply.

The directors began to applaud.

"I'm sorry, but I didn't do my duty as a chairman. For four years, I didn't have a day to perform my duties, not a day to do the transactional work that a chairman should do. Guilt has always been with me. I'm here to apologize. Kevin Lu bowed deeply again.

The directors still responded with applause.

"In closing, I would say that I was lucky. With the support and help of your predecessors, our company has not declined because of my departure, and under your leadership, the company has today's achievements. I extend my heartfelt congratulations to all of you. Kevin Lu stopped bowing, and he began to applaud.

With his crisp applause, there was gradually a response to applause in the conference room, and finally more and more enthusiastic applause.

The applause stopped, and Lu Kaiwen also relaxed.

"Ladies and gentlemen, I hurried to New York the day I returned. As for what to do, you can all guess. I'm afraid, afraid that my judgment will be wrong, and that I will delay everyone to make money. I came back from New York the day before yesterday, and I did not inform you. Or is it because I'm afraid. I was afraid that I was not familiar with the company's situation, so I went to Silicon Valley and I took a closer look at our factory. I looked at all the projects I could take care of. Now I finally have a little bit of confidence. Now, I announce. The board of directors begins. Please relax. I'm just a junior, and I'm really tired of pretending to be like this in front of all the seniors and new directors. Please speak freely," Kevin Lu was finally able to sit down.

The conference room came alive all at once.

Everyone turned their eyes to Cheng Mengqiu at the other end of the conference table.

"Hehe, don't look at me. Our chairman said we could take it easy. Let's just do what the chairman says. It's really interesting to say that we have so many boards, but they don't have a chairman. This time, you can be a real director. Zhongshu, you can get started. Cheng Mengqiu's relaxed tone continued to push the atmosphere to a warm one.

Hu Zhongshu stood up.

"Kevin, no, Chairman. For the past four years, I have been mainly responsible for selling all of our original interlocking restaurants. Except for our first store, which didn't sell because it was commemorative, I completed my mission. All accounts have been audited by the company in full compliance with the procedures and are independently audited and a copy of the audit report has been issued. Please take a look at the chairman. Hu Zhongshu sent the stack of papers in front of him to Lu Kaiwen.

"No need, Uncle Hu, and all the directors, I don't want any reports. I am very satisfied with the company's past performance. The past is in the past, and I don't bother to look back. I'm meeting the board to address two things. If the directors don't have any complaints and complaints about me, then I'll start to explain. Lu Kaiwen pushed Hu Zhongshu's audit report back in front of him. He then stood up.

All eyes on the young man became focused, and they were looking forward to the moment.

Four years ago, the young man boldly changed the direction of the company's business. His sudden return today should also be a decision to look forward to.

"The way people look at me makes me feel what you expect from me. Then I won't hesitate anymore. The first thing I want to say is to announce the complete withdrawal of our funds from the stock market. I hope this decision does not come as a surprise to everyone. Let me be clear, all the funds were withdrawn. Kevin Lu paused. One by one, he collided with each other's eyes.

No one stood up, and no one spoke out against it.

Everyone knows the decision made a month ago, and the only thing that makes everyone different this time is the resoluteness expressed by Kevin Lu.

"Since everyone is silent, then I will give you an explanation myself. I don't want to say my judgment, I just want to inform you of one thing. The Home Mortgage Investment Corporation, the largest subprime mortgage business operator in the United States, and Bear Stearns Investment Bank, one of the five largest investment banks, have entered bankruptcy protection. Plus New Century Finance, which went bankrupt a few months ago. The stock market crisis has begun. Kevin Lu slowly said the important information he wanted to say.

There was chaos in the conference room. The buzzing of the heads and ears became the main theme of the venue.

Kevin Lu waited for a long time for order to be restored, he needed such a riot scene.

After a long time, there was a knock on the table.

Everyone stopped talking.

"Listen to the chairman make a decision, this is the board of directors, not the vegetable market. Now that the chairman already knows about these bad situations, he has a way to deal with them. Let's just do it. Cheng Mengqiu uncharacteristically played the role of the host.

Lu Kaiwen cast a grateful look at the old man.

He didn't go to talk to the old man beforehand, but the old man has always maintained a high degree of tacit understanding with him.

"It's understandable that everyone has such a reaction. After all, we've been investing all these years. We haven't had any big projects to inject capital into, so we're mainly focused on the stock market, mainly in the shares of other companies. I demand that all funds be withdrawn, not so that everyone will not make money, but to avoid the risks that may exist in the crisis. You should be able to anticipate the consequences of this crisis. This crisis started with financial institutions. A large number of financial institutions will go bankrupt one after another, and financial panic will follow, and as the market slowly adapts to this round of panic, there will be a long-term illiquidity process in the market. It's impossible to predict this process, but you should understand that the caution and extreme austerity of financial institutions can make companies starve of blood. Businesses will tighten across the board to accommodate this change. That's what I want you to do. Keep all the funds you can in your own hands. Take your destiny into your own hands. Kevin paused again and looked at each director one by one.

The conference room was still silent.

Everyone is making their own judgment and their own analysis. They will not take such a big thing lightly.

"Maybe all of you directors have your own judgment and analysis. But I hope that this time everyone will trust me enough. I made the decision to transform my business here four years ago, and you gave me the trust I had at the time. At that time, I was still a student in school. At that time, I was not sure that I had made the right decision. But you have given me trust. This time I need greater trust, and I need you to overcome your will. Such a decision is more difficult than it was four years ago, but you must make a choice, and you must be of the same will as I am. If possible, I need your respective private investments to be highly aligned with the company. If anyone disagrees with my decision, please bring it up now. Our company needs to be unified, and I respect your choice. Please also respect my choice. I suggest that the vote be taken now by show of hands. Lu Kaiwen's eyes began to sharpen when he looked at everyone.

The room was still silent, and everyone was talking to each other with each other's eyes.

Cheng Mengqiu raised her hand.

Hu Zhongshu raised his hand.

Chen Amei raised her hand.

One after another, the directors raised their hands.

Kevin Lu also raised his hand.

"For the record, all the company's funds were withdrawn from the stock market. Effective immediately. Kevin Lu commanded.

"Thank you directors for supporting my resolution. All of our funds will be withdrawn within the coming week. In fact, most of our funds have been withdrawn with the support of Cheng Bo. A detailed accounting report will be given to all directors upon completion of this work. How much profit? How much is lost? All of this data has to be provided. The company continues to arrange special personnel to track the accounting. As a result of my decision, the damage to the directors will all have to be calculated later. The company has to give an account to the directors. Kevin Lu explained the specific work very seriously.

There was a lightness on the faces of the directors.

"The first thing I'm going to say has been done, and what I'm going to say next is more important. Your trust is also needed even more. Unconditional trust and unconditional support. It was a more difficult decision, but I believe it would be one of the most important and honorable decisions of our lives. Kevin Lu stood up.

Kevin Lu felt apprehensive and uneasy.

He was genuinely afraid that his decision would be resisted.

I was able to convince myself because I had feelings.

But what about these people in front of you? What will they think? What kind of feelings?

Everything is out of your control.

I can't communicate privately with these shareholders one by one, and I need to establish my absolute authority.

I need such authority too much at this moment. This unity of will is needed too much.

Once again, the trembling that I experienced four years ago struck irrepressibly.