Chapter 282: Abolish Zhang Chaoyang

Hehe, Zhang Chaoyang, you also have today.

Seeing that Paradise couldn't keep up with the domestic configuration, a good online game was over, Zhang Ning couldn't stop being happy.

In just a few months, Zhang Ning didn't make much effort, and Sohu spent more than 100 million yuan in vain.

This makes Sohu, which does not have much cash flow, even worse.

But that's not the end of it.

Zhang Ning, who had never made a move, knew that the opportunity had come after the defeat in Heaven.

An application for an extraordinary general meeting of shareholders from a shareholder of Sohu suddenly appeared.

There is only one requirement for the extraordinary general meeting, and that is to abolish Zhang Chaoyang's position as CEO of Sohu.

There is no doubt that such an extraordinary general meeting of shareholders will not be convened if no one operates it.

And it was Zhang Ning who operated in it.

Recently, when Sohu launched Paradise, he has sent people to the NASDAQ in the United States to buy Sohu shares.

Of course, Zhang Ning's purchase of Sohu's shares was not because he liked the value of Sohu, but because he wanted to have a certain say in Sohu.

Even if there is very little right to speak like this, as long as it can be mentioned, it is okay.

To this end, Zhang Ning also spent 1-200 million yuan to acquire 1% of Sohu's shares.

And today, Zhang Ning issued an application to abolish Zhang Chaoyang.

One stone stirs up a thousand waves.

If no one mentions yì, no one would have thought of abolishing Zhang Chaoyang.

Because, everyone knows that Sohu was founded by Zhang Chaoyang, and his ability has always been outstanding.

However, when a certain shareholder issued an application to abolish Zhang Chaoyang this time, some other shareholders also had vague thoughts in this regard. Especially considering that recently, because of the failure of heaven, Sohu suddenly fell into passivity. The blogging business, which could have grown, stalled due to a lack of cash flow.

I have to say that this is Zhang Ning's most ruthless plan to draw salary.

If you want to destroy Sohu, I don't know how long it will take.

However, before destroying Sohu, it is much easier to kick Zhang Chaoyang out.

After all, now that Sohu has gone public, his shares are no longer concentrated in the hands of one person.

However, Zhang Ning knew that even if he proposed such a proposal, it would be difficult to abolish Zhang Chaoyang.

In any case, Zhang Chaoyang now has 25% of the shares in his hands, although he has not reached absolute control. However, in a commercial company, 25% of the shares can already be said to be an absolute control. Even Microsoft's Bill holds just over 30% of the shares.

Of course, Zhang Ning would propose to abolish Zhang Chaoyang's Tiyì, and he had already thought of a way.

As for the solution, it is simple, and that is to use the power of the media. Back then, Zhang Ning could rely on the power of the media to help Wang Zhidong to Sina, and similarly, Zhang Ning was also sure to take down Zhang Chaoyang of Sohu. Immediately, because of Sohu's abolition of Zhang Chaoyang's extraordinary shareholders' meeting, countless media have paid great attention, and at this time, under Zhang Ning's secret arrangement, there is even more discussion about such news.

Special report from Sina media: Zhang Chaoyang, should he step down.

The article emphasizes that the founder of a company often knows the company best. However, this is only reflected in the early and intermediate stages of the company. The founders of many companies are just good ideas. In the future management of the company, he may not be able to continue to lead the whole company. Like Panasonic, which founded the Panasonic brand, and Reddy, which created the GM brand...... They all left the company one after another. But the successors who came behind also ran the brand very well. Even, on the contrary, during the time that these founders have been managing the company, he has been very mediocre.

Well, you're going to say, this is the automotive industry, not the Internet industry.

Let's take an example, in fact, in the Internet industry, there are countless such examples.

The CEO of the famous American online website is not their founder, Case.

Similarly, the famous IBM founder did not lead IBM all the way down.

And the founder of Intel, the founder of AMD...... Even the current founder of Yahoo, many shareholders have always claimed. Yahoo founder Yang Zhiyuan is no longer suitable for the position of CEO of Yahoo, if it were not for Yang Zhiyuan's large shares, I am afraid he would have been pushed to the ground by countless Yahoo shareholders.

Coincidentally, such an example has also happened in China. Wang Zhidong, who is currently the CEO of Sina, was also overthrown by shareholders that year. Although, later Wang Zhidong's return exposed the scam of those capitals. However, this has already been indicated. For the development of a company, the founder does not necessarily have to be the CEO of the company.

Now, we have come across a very interesting topic.

Yesterday, a shareholder of Sohu issued an extraordinary general meeting of shareholders to remove Zhang Chaoyang, the founder of Sohu, as CEO.

Although the extraordinary general meeting of shareholders will be held in a few days, this topic has attracted the attention of everyone in the industry.

So, Zhang Chaoyang, should he be exempted?

Of course, this is not something we can decide, and we can only wait for the convening of the extraordinary shareholders' meeting of Sohu.

However, before that, let's analyze it.

First of all, we have to ask why some shareholders want to dismiss Zhang Chaoyang.

Judging from the information of that shareholder, he holds only 1% of the shares, and he is also an individual shareholder. It should be said that it is not an institution, nor does it belong to capital. Since it does not belong to the capital, then the shareholder should not be fighting for Sina's controlling rights. Of course, we also believe that with only 1% of his shares, he will not be able to get any seats in the company.

However, the reasons for the shareholder's dismissal of Zhang Chaoyang are thought-provoking.

Let's take a look at these reasons.

Although Zhang Chaoyang is the founder of Sohu, he has not made any achievements after founding Sohu. Moreover, judging from the recent period, Zhang Chaoyang obviously does not know what direction to lead Sohu. Moreover, Sohu's original IP stream was only below Sina, and now, it has completely lagged behind NetEase and ranks last.

That's the first point.

The first point makes sense, no matter how Zhang Chaoyang is not at fault, Sohu's current situation is like this.

Second, Zhang Chaoyang's huge amount of money to act as an agent came back to heaven failed, which made Sohu deeply involved and the blog business was interrupted.

The second point is also very reasonable.

Previously, some media said that Zhang Chaoyang spent 50 million yuan to act as an agent of Heaven, but after a period of time, Heaven was completely defeated, which greatly damaged Sohu's vitality. So far, I don't know why, Sohu still hasn't launched its own blog.

Fourth, and the most critical point, many Sohu internal ministers reacted that Zhang Chaoyang was imperious and alone.

Before acting for Heaven, there were internal senior managers who built a favor with Zhang Chaoyang. Sohu should continue to develop their portal business and should not be mixed up in online games. As a result, Zhang Chaoyang did not persuade. At the same time, there were also insider reactions before the agent returned to heaven. At that time, the plan was to test Heaven first, but Zhang Chaoyang was so happy that he didn't even test it, and it was pushed to the market in one fell swoop, and finally failed.