Marvel's Umbrella

Chapter 17 Shareholders Meeting
The time soon arrived in the afternoon.

Tony, wearing a straight suit and tie, slowly walked to the top floor of Stark Tower.

After opening the door, I saw that the conference room was already full of people.

These people are all shareholders and senior executives of Stark Enterprises, big and small.

"Mr. Stark, are you okay?"

"Hello, Mr. Stark."

"Mr. Stark is finally back."

After a round of greetings, Tony took Pepper to the chairman's seat, and Pepper sat on his left, in the first seat.

After looking around, Tony glanced at the watch on his left hand and found that it was already two o'clock.

"Is Obadiah not here yet? It seems that he does not plan to attend this board meeting."

As soon as he finished speaking, the door of the conference room was pushed open again.

Obadiah, a tall man, walked in with a bright smile on his face.

"Everyone, I'm very sorry that I'm a little late."

Seeing the person who was once his closest relative appear, Tony didn't react much, but just nodded lightly.

But soon, he noticed a blonde beauty behind Obadiah.

"Luna?"

Seeing that everyone was looking at her, Luna smiled very calmly.

"Hi everyone, my name is Luna."

Pepper stood up at this time and said gloomily: "This is the board of directors of Stark Enterprises. People who are not involved please leave."

Without waiting for Luna to speak, Obadiah winked at the shareholders and said, “Let me introduce Luna next to me. She is the CEO of Umbrella and is here to attend the board meeting on behalf of Umbrella.

I would like to remind you that Umbrella has already acquired 5% of Stark Enterprises' shares. According to regulations, it does not need the chairman's consent to obtain the right to participate in the board of directors. "

As he finished speaking, the shareholders present stood up and applauded, expressing their welcome.

"Clap clap clap..."

"Welcome Miss Luna to join our big family."

“I didn’t expect Umbrella to also invest in it.”

"Yes, you know, Stark Enterprises is in a turbulent time right now."

Just as Luna was about to take a seat, Pepper suddenly held up a tablet and asked, "Why didn't I see Umbrella's listing announcement? The stock exchange didn't show any announcement either?"

After saying this, she looked at the other person with a puzzled look.

In response to Pepper's questioning, Luna still had a smile on her face and slowly sat down in the seat belonging to the shareholder.

"These equity transactions were reached this morning, so the announcement has not come out yet. If Miss Pepper doesn't believe it, you can take a look at these documents."

After she finished speaking, she put down the briefcase in her hand and took out documents one by one.

Pepper looked at the equity transaction documents and still couldn't believe it and said, "How is it possible? You can't possibly receive 5% of the equity in such a short time!"

Although Stark Enterprises is not as exaggerated as the trillions in the future, its market value is still 300 billion.

Even if the stock price has dropped by two-thirds due to some things, it still has a market value of around 100 billion.

Five percent is 5 billion. Not to mention whether Umbrella has so much liquid funds, just acquiring so many shares from others is not an easy task.

Hearing this, Luna raised her left eyebrow slightly, with a half-smile on her face. "I have to thank Mr. Stark for this."

When Tony heard that this matter suddenly involved him, his brows slightly frowned.

"What does this have to do with me?"

"Of course it is related. If you hadn't closed the weapons research department and terminated the transactions with the military, those fund companies, institutions and securities companies would not have transferred their shares to our Umbrella Group so readily.

And it is still 10% lower than the transaction price in the secondary trading market.”

In fact, if the news about Stark Enterprises was better, it would have been impossible for Li Feng to buy 5% of Stark's shares so quickly, and at a low price.

But who is to blame for the series of problems that Stark Industries has encountered recently?

The weapons research and development department was closed, the arms trade with the military was terminated, the Ark reactor was delayed in opening, and a robot riot occurred.

If these things happened to other companies, they would be a fatal blow.

Although Stark Enterprises is huge, it cannot withstand such turmoil.

So we can’t blame Li Feng for moving so quickly.

Tony and Pepper confirmed that Umbrella really had 5% of the shares. Their faces suddenly turned ugly and they had a bad feeling in their hearts.

But they didn't take it too seriously and felt it was not a big problem.

After all, they hold 39% of the shares, while Obadiah only holds 12%. Even if Umbrella's 5% is added, it is only 17%.

They still have a big advantage.

But the faces of the other shareholders darkened.

Because of these recent events, their assets have shrunk by two-thirds.

Currently, Stark's market value is around 100 billion, and the shares they hold are not cheap. If they want to sell them at this time, they can only sell them below the market price like those fund companies, institutions and securities companies.

Isn't this tantamount to asking for their lives?

Thinking of this, some small shareholders looked at each other and nodded in tacit understanding.

After some minor twists and turns, the shareholders' meeting officially began.

And Pepper was still the first to attack.

"The first thing to do at this shareholders' meeting is to remove Obadiah from his position as CEO. He will also not be allowed to attend any shareholders' meetings of Stark Enterprises in the future."

Hearing this, Obadiah remained calm, but the small shareholders started to make a commotion.

"Why did you fire Obadiah? Without him, the company's performance would drop dramatically."

"What happened? Obadiah is a veteran of the company."

"Yes, the company can't do without him."

Although Obadiah is a villain to Tony, he is a very good CEO to ordinary shareholders.

After all, almost 50% of Stark Enterprises' revenue was handled by Obadiah, and the positions of managers and general managers of some key departments were also held by Obadiah's confidants.

If Obadiah were fired rashly, not to mention how much Stark Enterprises' stock price would drop, half of its departments would probably be paralyzed.

Facing the questions from the small shareholders, Pepper had no intention of explaining, but just said coldly: "Raise your hands and vote now!"

If she hadn't been careless last night and handed over the USB drive that copied Obadiah's crimes to the military, she wouldn't have been so passive.

Now that the military was clearly favoring Obadiah and hadn’t even made an arrest, she knew things were bad and decided to just vote.

(End of this chapter)