Recast youth

Chapter 1604

Ye Feng asked: "Isn't it on the board of directors that our partners have the final say?"

Wang Xin shook his head, looked at Ye Feng and said, "The permanent partner system means replacing the founder with a partner. Do you understand?"

"...Is that what you mean?"

Ye Feng was ashamed. He learned this trick from Jack Ma. He vaguely remembered that Jack Ma's Alibaba relied on this system to allow Jack Ma to only own a small part of Alibaba's equity, but to firmly control Alibaba.

But after all, Ye Feng had been running the company for many years, and he soon realized that the reason why Jack Ma needed to do this was because he owned a small stake in Alibaba.

And he is different.

He has absolute equity in Lanshan Company, which means absolute control. In other words, he does not need help. He can have the final say in the company by himself.

This is also the benefit of Lanshan Company not receiving financing in the early stage. Once financing is obtained, it means that its equity ratio will be diluted by external capital. When this ratio is reduced to a certain level, it often loses its absolute controlling rights. This also means losing control of the company, which is a difficult choice for many founders.

If you want to develop quickly, you have to choose financing.

If you choose financing, you have to risk losing control of the company.

This is very interesting.

Generally speaking, the person who manages the company is the CEO, and the person who manages the CEO is the board of directors. In fact, this is the division of responsibilities between Wang Xin and Ye Feng. Wang Xin, as CEO, is responsible for managing the operations of Lanshan Company.

Ye Feng's status is somewhat aloof, similar to that of a board of directors. However, currently, Ye Feng's board of directors is a mere commander, and he alone holds the power of the board of directors.

The partnership system is also different.

Divided into general partners and permanent partners.

General partners can retire, increase or decrease. In other words, general partners can be removed at any time, but permanent partners cannot. This is a lifelong partnership, and cannot be removed without retirement.

In other words, if Ye Feng gives Wang Xin a permanent partner's seat, then even Ye Feng cannot remove Wang Xin from his position in the future.

However, Ye Feng thought about it and still felt that he had to give it, because Ye Feng asked himself that he really didn't worry about this company. It was Wang Xin who worked hard both internally and externally.

It's just that Ye Feng originally wanted to set up two permanent partners, one was Wang Xin and the other was Yang Qingzhi who was far away in the United States. For Wang Xin, it was because Wang Xin was qualified to take this position.

For Yang Qingzhi.

Ye Feng subconsciously felt that Yang Qingzhi was superior. Inviting him back and giving him a permanent partner position would also increase the company's exposure. After all, the employment of high-end talents can even increase the stock price.

From now on, Wang Xin and Yang Qingzhi will be his right-hand men on the board of directors.

But after Wang Xin's reminder, Ye Feng thought about it and decided not to set up Yang Qingzhi as a permanent partner of the company. He could ask him for help, but the cooperation with him was limited to "Maple Leaf Capital". After all, he and Yang Qingzhi didn't get along well. Like spending so much time with Wang Xin.

Harmfulness is not allowed, and defensiveness is indispensable.

Ye Feng found that sometimes he still wanted to be a good guy with a kind heart. If others were kind to him, he couldn't help but give his whole heart to them.

Thinking of this, Ye Feng decided to ask Wang Xin for his opinion: "My original plan was to set up two permanent partners, one for you and one for Yang Qingzhi, but now I am hesitant. Do you think I should give Yang Qingzhi the position of permanent partner? "

"Shouldn't."

Wang Xin shook his head: "Neither I nor Yang Qingzhi should do it. Jack Ma holds a very small proportion of Alibaba's shares. A large part of Alibaba's shares are in the hands of SoftBank and Yahoo, so he has to do this to ensure that he and his team are in good hands." The control of Alibaba’s board of directors is different for you. Lanshan’s shares are all in your hands, so you don’t have to worry about losing control of the company.”

"I know this."

Ye Feng looked at Wang Xin and said, "Let's put aside the discussion here. As for Yang Qingzhi, do you mean not to give him the position of permanent partner?"

"Yes."

Wang Xin is also an ordinary person. The company she has worked so hard to run, how can she be willing to let outsiders come and occupy the position of a permanent partner?Instead of doing this, she would rather not have it herself.

Ye Feng lit a cigarette: "Tell me the reason."

"Not suitable."

Wang Xin said: "Partners must hold a proportion of the company's shares. Although Yang Qingzhi is a big player in the investment banking field, his focus is not on the country, and he has not actually participated in the operation of Lanshan Company. I don't have anything to do with it. Other management There will also be an imbalance in the heart. For example, Li Zhedong, although with Yang Qingzhi’s qualifications and resume, it is not a problem to suppress Li Zhedong, but in the end he will not be reconciled. Besides, you gave Yang Qingzhi the seat of permanent partner because you planned to invite him back to manage. Company?"

"That won't work. He has things to do overseas." Ye Feng shook his head. He also planned to transfer his funds to Yang Qingzhi to operate overseas. How could he be allowed to come back?

"That's it."

Wang Xin spread his hands.

"Then let's settle it for now."

Ye Feng thought for a while and said to Wang Xin: "You will be given the position of permanent partner and 5% of the equity."

"Thanks in advance for the permanent partner."

At this point, Wang Xin shrugged: "But I may not be able to afford 5% of the equity. After Weibo gained momentum, the company's valuation became higher again, reaching 150 billion U.S. dollars. Counting what you gave me before Equity incentives, I can’t afford to buy back the rest.”

150 million dollars.

Now the ratio is still 1:8, which is 1200 billion yuan.

In other words, even if the value of 40% of fcaebook's shares is not included, his net worth has steadily exceeded 1000 billion. After his company is listed, he will probably dominate the Forbes China Rich List for a long time.

Ye Feng said: "I will help you pay out the remaining money first, and you will pay me back after you have it."

Wang Xin crossed her legs and looked at Ye Feng, with the corners of her mouth raised slightly: "Why are you so nice to your sister? Do you have any ulterior motives for your sister?"

"You can forget it."

Ye Feng rolled his eyes.

Wang Xin stood up, pointed to her height and long legs, which made most men feel inferior, and said in a feigned rage: "Why, is it because my sister is not charming enough?"

"enough."

Ye Feng puffed out a puff of smoke happily: "But it's too familiar to start with."

"Oh, we both have similar ideas."

Wang Xin sat down again, looked at Ye Feng and said regretfully: "You think you are too familiar to make a move, but I think you are too young to make a move."

As he said this, Wang Xin looked at Ye Feng's position as if he had something else to say.

"...You are so young."

Ye Feng glanced at Wang Xin who was in a good mood angrily: "Just treat it as a human being, aren't you trying to catch Feng Zheng's attention?"

Wang Xin said in surprise: "Did you see it?"

"The blind can see it."

Ye Feng said angrily, and specially asked Feng Zheng to be the driver to accompany her to look at the house, and also bought a villa in Xinlong Mansion. It would be strange if Wang Xin didn't have any evil intentions.

Wang Xin laughed: "Well, now that you have seen it, sister will not hide it anymore. Your teacher has been pressing me hard about my personal problems. I plan to find Feng Zheng to work with me to solve my personal problems."

Ye Feng urged: "Let me tell you, Feng Zheng has a wild personality, and you may not be able to control him."

"fine."

The corners of Wang Xin's lips raised proudly, and she said in a queen-like manner: "No matter how wild his character is, my sister has had trouble with the wall. The worst is, I will ask the mistress to treat him. If the mistress doesn't die for a day, he will have to humble himself in front of me. Keep your head down."

"..."

Ye Feng was choked up and gave a thumbs up to the proud Wang Xin. This trick of saving the country in a curve and chasing the tiger to devour the wolf was really awesome. He suddenly found the weak point of Feng Zheng's piece of shit. Mr. Feng Sande Now that things are here, Feng Zheng really has no chance of turning over in front of Wang Xin.

Ugh.

Ye Feng silently mourned for Feng Zheng, who was targeted by such a ruthless woman.

(End of this chapter)