Chapter 756 Microsoft Board of Directors
Feng Yu said something was wrong, but it was not an excuse, but something was really wrong. He was asking someone to ask for a member of Microsoft's board of directors. He had never known this before.●⌒,
Among Microsoft's directors at this time, the only impression that Feng Yu had was the future Microsoft Ceo Steve Ballmer, a person who was not the founder and did not invest, actually got a very high stake!
When Microsoft was iPod in 1986, Bill Gates held 49% of the shares, Paul Allen held 35% of the shares, Steve Ballmer held 8% of the shares, and other employees accounted for 8%. Of course, these refer to voting stocks.
During the days when Paul Allen left Microsoft, he invested in many companies, but they all ended in a bleak situation. Last year, the cable TV company he invested in refused his request for a share increase, and he angrily sold all his shares. After the sale, the company's market value rose by 50%.
Paul Allen has also been the stupidest investor by many people. Feng Yu is not particularly optimistic about Paul Allen. Maybe Paul Allen was very awesome in terms of technology and ideas, but he is really not a qualified manager. He also likes to do it himself and is reluctant to delegate power.
Because of the shares, Paul Allen and Bill Gates have quarreled more than once. Bill Gates means that Paul Allen needs to sell Microsoft shares because of investing in other businesses, which will reduce their voice in Microsoft. It is better to sell it directly to Bill Gates. Paul Allen believes that he has sacrificed once and cannot suffer any further. Paul Allen also complains about Bill Gates giving Steve Ballmer so many shares.
Steve Ballmer is now just Microsoft's vice president. Except for one of the remaining directors, the chairman of an investment company, are all Microsoft executives, including the chief financial officers, etc. To Feng Yu's surprise, there are only eight members of Microsoft's board of directors.
It seems that Bill Gates has a strong control over power. Even directors, so when voting, they are determined by shares. So, Feng Yu has no say in two percent of the voting stocks.
In fact, in history, when Bill Gates retired, Microsoft's directors increased to ten, and eight years later, Microsoft's directors increased to eleven. At that time, Bill Gates was just an ordinary director, and even the shareholding ratio was no longer the first.
Feng Yu looked at it and found that the person he should win over here was Steve Ballmer, because Steve Ballmer was trusted by Bill Gates and would become the president of Microsoft in a few years. Ceo, especially his relationship with Paul Allen is still very bad.
If Steve Ballmer can make mistakes in some decisions in the future, such as Microsoft never involves hardware, then even the chances of rising will increase!
...
A few days later, Microsoft's regular board meeting was held. The directors looked at Feng Yu who entered this conference room in surprise. Who is this young man? Looking at his face, he seems to be an oriental. How did he come in?
Paul Allen glanced at Feng Yu and snorted coldly. Steve Ballmer looked at Feng Yu with interest. Is this the new director Bill mentioned?
The other directors didn't know about this at all, and they didn't know that starting today, the board of directors would have another member, or such a young member.
But when they saw that the chairman did not scold him, they nodded to the young man, it means that this person knew the chairman. Judging from Paul Allen's appearance, it seems that he also knew this young man.
As for who this person is and what he does, they are all confused.
"Today's board of directors, there is something to be announced. Feng from the East is the mysterious rich man who has been acquiring our outstanding shares."
The directors all showed surprise eyes, and Feng Yu nodded slightly at everyone, but did not stand up at all. Naturally, no one else cared, after all, Feng Yu's net worth was above them.
But Paul Allen was very unhappy and felt that Feng Yu was not polite enough, but never thought that he didn't look at other directors in the face.
"I exchanged some stocks with Paul and Feng, about one percent, that is, Feng has two percent of the voting stocks, so I nominate Feng to the board of directors."
Bill Gates is the major shareholder and he has the right to nominate Feng Yu to the board of directors.
Many people have misunderstandings, believing that members of the board of directors must be shareholders, but this is not the case. The board of directors is elected by the shareholders' meeting. Of course, shareholders generally nominate themselves, but there are also many non-shareholder directors, but it is only rare in China.
Generally, if you can enter the board of directors, you will generally have equity incentives and eventually become a shareholder, even if you are just a small shareholder.
So if Bill Gates doesn't nominate, Feng Yu can also nominate himself, but Bill Gates doesn't agree, then Feng Yu will definitely not be elected. Bill Gates still has a strong control over Microsoft at this time.
In fact, Bill Gates, Paul Allen or Steve Ballmer, can decide that Feng Yu will join the board of directors, so today he is either a proposal or a notification to everyone, and it will not work if others disagree!
The board of directors is the highest management agency selected by shareholders. If you can choose, you will naturally be dismissed. Microsoft's directors have not been replaced. Well, anyone who opposes Bill Gates' resolution has been replaced.
Bill Gates is the largest shareholder, chairman, president and CEO in Microsoft. In many small companies, the president and CEO are the same person, or just set up one. However, in many large companies, due to the complex administrative management, the chairman will appoint two people to share the management together and balance each other.
Steve Ballmer is the vice president, but he is actually doing the president's work.
After listening to Bill Gates' words, the other directors naturally applauded, only Paul Allen, as if he hadn't heard this sentence at all, was still drinking coffee.
Everyone looked at Feng Yu, this person was going to join the board of directors. Judging from this, Bill Gates was very supportive, while Paul Allen did not. Are these two people going to have a conflict again?
"Okay, welcome to come here. I suggest that Feng be appointed as Microsoft's vice president of Asia Pacific region, mainly responsible for China's business."
Everyone understood at this time. No wonder they were an Oriental. It seemed that they were Chinese. Is the company going to make a big move into the Chinese market?
Steve Ballmer asked at this time: "What businesses are responsible for in China?"
Before Bill Gates could speak, Feng Yu said with a smile: "I have the final say in all of China's business. I will not interfere with any other decisions in the company."
Steve Ballmer frowned. Is it a bit too hasty to hand over such an important market to such a young man? Although Feng is a major shareholder, he may not be a good decision maker.
Why did Bill agree? Could this Chinese have a high status in China?
Bill Gates also added: "You can rest assured that Feng can help Microsoft completely occupy the Chinese market. Do you have any other proposals today? If not, today's board of directors will end."
This board of directors was held for Feng Yu.
Chapter completed!