Chapter 307: Win-Win (Part II)
Zhao Yuanxi's plan book is the complete idea of using the depreciation of the Korean won against the US dollar to earn the exchange rate difference formulated by Kim Tae-hwan, the deputy director of finance that day.
Rao is like this, and the bold ideas in the plan book still hit the nerves of the four executives of S.M.
The conference room was unusually quiet, Li Xiuman calmed down and asked, "Is the plan feasible?" ”
Zhao Yuanxi said in a deep voice: "The company's finance department has dispatched capable personnel to form a special team, once the funds are in place to ensure that they flow out of South Korea in the most hidden and fast way, and then through our branches and shadow companies in various places to convert into US dollars, RMB and Hong Kong dollars." ”
Kim Young-min asked, "I wonder what is the basis for the 50 percent depreciation of the won against the US dollar mentioned in the Lu Dao plan?" ”
In order to ensure the smooth passage of the plan, Cho Won-hee wrote a figure in the plan that the South Korean won would depreciate by at least 50 percent against the US dollar, while he had estimated 30 percent for Deputy Director Kim Tae-hwan. The main reason why Zhao Yuanxi exaggerated the numbers is, of course, to arouse the greed of Li Xiuman and the four people, and once people are greedy, they will be bold.
Of course, if he hadn't had faith in this plan, Zhao Yuanxi wouldn't have made a plan that bordered on madness, and he still needed to rely on the excellent platform of S.M Music Entertainment to achieve his world-famous ultimate goal. Zhao Yuanxi's confidence comes from the US financial market, which fully confirms his previous prediction: the subprime loan crisis has triggered a liquidity crisis, and the liquidity crisis will sweep the world.
There are not enough foreign exchange reserves and gold reserves. South Korea is clumsy and slow to deal with the impending liquidity crisis, and is bound to fall into a quagmire of lack of funds, with depreciation against the dollar being the only way out.
Zhao Yuanxi is full of confidence.
The four directors attending the meeting are experts in managing companies, but Zhao Yuanxi, who is of course a fund manager, has the most say in capital operation, and Zhao Yuanxi answered the questions of the four directors one by one on some important issues.
"Ladies and gentlemen, think about it, 400 billion won only needs to flow out of South Korea to be converted into dollars and yuan, and it can become 800 billion won in a circle in the United States and China, which is an extra 400 billion won out of thin air, which is extremely beneficial to the company's development." Zhao Yuanxi puffed up his tongue and tried to depict a beautiful prospect and money scene. "Even if I misjudge, we're just suffering some exchange rate losses, and the risk we need to take is nothing compared to the expected profit we may make."
Zhao Yuanxi leaned forward. With a mysterious smile on his face. He lowered his voice and said, "And." The entire process of capital operation is absolutely confidential, and no one will know the details. ”
The four people attending the meeting were all old foxes, and they couldn't hear the meaning of Zhao Yuanxi's words. It is clearly implied that the five of them can privately share a point and put the profits into their own pockets.
Marx once said: once there is a suitable profit, capital will be emboldened; For the sake of 50 percent profit, it will take risks, and for the sake of 100 percent profit, it will dare to trample on all human laws.
Greed is the nature of capital, and it is also the nature of people.
The loans and financing bonds were promoted by Zhao Yuanxi, and the plan was drawn up by Zhao Yuanxi, and the benefits were evenly distributed, which was simply pie in the sky.
Zhao Yuanxi's backstage is the prosecutor general Li Mingxian, he must be completely sure that he dares to do this, and the executives, including Li Xiuman, have completely dispelled even the slightest doubt in the end, showing a smile that you understand, I understand, and everyone understands.
"Executive Zhao has worked hard for the development of the company, and I fully agree with Executive Zhao's plan." Kim Young-min licked her lips and smiled.
At the beginning, Li Xiuman agreed that he was the company's representative director, and the premise was that he was not allowed to hold S.M's shares, Jin Yingmin's annual salary as a representative director was as high as 800 million, although it was the company's highest salary, but no matter how high the annual salary was, it was just a working emperor, and Li Xiuman, a major shareholder, was not worth mentioning, and he was a fool if he didn't cherish a great opportunity to make a lot of money and make quick money in front of him.
Zheng Changhuan and Han Shimin looked at each other and smiled, such a good thing as you don't have to sit and wait for the money to be shared.
Li Xiuman lifted the metal frame, and a pair of small eyes narrowed into a thin slit with a smile.
Zhao Yuanxi's purpose of convening the executive council meeting was achieved, and the meeting came to an end in a happy and peaceful atmosphere.
Walking out of the conference room, the five directors attending the meeting were full of energy and high spirits, as if the five of them had walked out of the luxurious sauna instead of finishing the meeting.
After getting the largest shareholder, representative director and executive director of S.M company, which has the overwhelming right to speak, the next board meeting is a matter of course. There is almost no need for Cho Won-hee to explain more, and Kim Young-min, who is the president, has shouldered the task of answering the questions of the directors throughout the process in order to demonstrate his authority.
Li Xiuman and Zhao Yuanxi hold more than half of the shares of S.M Company, and basically the things agreed upon by the two of them were confirmed and passed, and the convening of the board meeting was just a formality, and there were two executive directors, Zheng Changhuan and Han Shimin, beating the side drums on the side. The General Meeting of the Board of Directors passed the resolution of the issuance of financing bonds and the establishment of a film and television subsidiary, S.M&CC, as quickly as possible.
Where there are people, there are rivers and lakes, and where there are rivers and lakes, there are fights, and this is always good.
There was a slight disagreement on the selection of the representative director of the subsidiary S.M&CC, and everyone knew that the Ludao Film and Television subsidiary was for the direction of development that S.M Company focused on, and whether it was Lee so-man, Kim Young-min, or the two executive directors Jung Chang-hwan and Han Se-min, they all tried to nominate their own people to serve as the representative directors of the subsidiary and control the subsidiary.
Zhao Yuanxi is in an indifferent attitude, no matter which faction is the representative director of the subsidiary, he doesn't care, as long as he is in charge of the financial power, no matter who he is, he must bow down and obey his orders.
The three parties attacked each other back and forth, and there was a stalemate, Han Shimin's eyes rolled, and he glanced at Zhao Yuanxi, who was about to be bored to the point of falling asleep, supported the table with both hands, Huo Ran got up, and said loudly: "Directors, please listen to me, I recommend Zhao Executive as the representative director of the subsidiary." ”
Zheng Changhuan and Han Shimin are both executive directors, they were originally very close, and they knew the elegance when they heard the string songs, anyway, Li Xiuman and Kim Yingmin made it clear that Chema would not easily give up the competition for the position of representative director of the subsidiary, and it was better to strongly recommend Zhao Yuanxi as the representative director, at least Zhao Yuanxi would not treat them badly.
Zheng Changhuan immediately agreed: "I agree with Han Changchang's proposal. Ladies and gentlemen, the ability of Executive Director Zhao is obvious to all, since he served as the executive director in charge of the finance department, the company has achieved rapid development, and Executive Director Zhao as the representative director believes that the subsidiary can achieve new development. ”
"Standing Han's proposal is very good, I agree with it."
"I agree with Executive Zheng's opinion."
"I support Executive Director Zhao as the representative director of the subsidiary."
"Seconded."
The directors of Han Shimin and Zheng Changhuan spoke in favor one after another, Kim Yingmin glanced at Li Xiuman, and a contemptuous smile overflowed at the corner of his mouth, you Li Xiuman wants to take charge of the film and television production subsidiary, that is a dream, I Jin Yingmin can't get it and will definitely not let you Li Xiuman succeed.
Jin Yingmin immediately said: "Executive Zhao is extremely talented, and I support Executive Zhao as the representative director of the subsidiary." ”
Li Xiuman and Kim Yingmin have the same idea, as long as he gives up the competition, it doesn't matter who is the representative director, Zhao Yuanxi is undoubtedly the most suitable candidate, and it is also a candidate acceptable to all parties, so he immediately nodded and said: "I support Zhao Executive as the representative director." ”
The trend of the times is the trend of the times, and the expectations of all are returned.
Zhao Yuanxi, who was so bored that he was about to fall asleep, woke up like a dream.
Shrimp? Recommend me to be the representative director of the subsidiary, do you know how busy I am?
"Welcome to Managing Director Zhao's speech." Han Shimin was the first to take the lead in applauding, and the spacious conference room suddenly burst into enthusiastic applause.
I'll go and catch the ducks on the shelves, Zhao Yuanxi reluctantly got up and played a decent tone for a while.
"In view of the outstanding performance of Managing Director Zhao, I propose to formally appoint Managing Director Zhao as Chief Financial Officer." After Zhao Yuanxi finished speaking, Li Xiuman got up and said.
Li Xiuman didn't mention it, almost no one remembered that Zhao Yuanxi, Zhao Executive Director is still the acting executive director, although there is no difference between him as an agent and Zheng, but Zhao Yuanxi is still happy to be able to put his name right.
The icing on the cake is not costly, and Li Xiuman's proposal was of course unanimously approved.
Executive Zhao, Director Zhao, President Zhao, since then Zhao Yuanxi has held three positions and won the title of Triple Crown of S.M Company. (To be continued......)