My wife is in my arms

Chapter 1231 Shareholders' Meeting (Part 5)

In short.

The fact that Chairman Lin went to such lengths for Director Zhang proves that she truly loves him; she even wanted to give him shares, and wanted to do so with the other shareholders as well.

This is roughly equivalent to the client's father dying.

The boss, along with a group of senior executives, went to a client's home to attend the client's father's funeral and also brought a gift.

Although this analogy is somewhat inappropriate, that is indeed the meaning.

The boss wanted to curry favor with someone, so he took a group of people who had nothing to do with that person with him.

It seems that some company bosses actually do this nowadays.

"What about the reward!?"

Lin Bao'er asked.

Song Lan composed herself and continued taking notes. All the notes she was making now had to be kept as evidence, which also meant that once they were kept, both Chairman Lin and the company's shareholders would have to be held accountable for their words and actions.

"He invested jointly with the company and received his due share. Since it was a collaboration, there shouldn't be any talk of a reward, because Director Zhang was working for himself."

Xu Min stated directly, "As for the agreement... we can set it at a standard of one billion per year. If, during his tenure as the company's music director, the company's annual net profit reaches more than one billion, he can cash out after five years."

I agree.

I agree.

Upon hearing Xu Min's words, the other shareholders raised their hands to vote again.

"Sister Xu"

Lin Bao'er wasn't upset at all. Instead, she calmly asked, "Do you think that's possible?!"

"Investing is about turning the impossible into the possible, and judging from last year's net profits, I believe Director Zhang is fully capable of doing it..."

Before Xu Min could finish speaking, Lin Bao'er frowned slightly and interrupted, "Just because he can do it doesn't mean he has to choose to cooperate with the company. He might earn more by cooperating with other companies. In that case, do you think he will sign? If that's the condition, you should negotiate with him yourselves. Also..."

Lin Bao'er tapped on the conference room door and said seriously, "Don't use selling company shares as leverage. Anyone who wants to sell should do so as soon as possible. In fact, anyone who wants to sell can talk to me. I don't mind holding more company shares."

For an instant.

The meeting room fell silent.

Song Lan stopped taking notes and waited to discuss the results.

A billion is indeed a bit exaggerated. Just like Chairman Lin said, with these conditions... if you put them in front of Director Zhang, he would think that Chairman Lin is playing a trick on him.

While the company's net profit exceeded one billion last year, shows like "The Truman Show" and "The Voice of China" were only co-invested with the company when Director Zhang was short of funds.

When he had money, "Crazy Stone" was an example. The company only had a third of the investment amount, and even that was only obtained through Chairman Lin's private efforts.

This is in accordance with normal business cooperation.

Director Zhang could easily invest solely in the project, even without distribution rights. However, distributing a film would bring in a different price, and it would certainly not be as profitable as investing and distributing together.

Seeing that the shareholders remained silent, Chairman Lin pondered for a moment and said, "We can use 500 million as a base, increasing by 100 million each year. This can be accumulated over time. Once the net profit is high in a certain year, the performance-based agreement can be fulfilled ahead of schedule, and he can cash out without restriction. Zhang You and I have a good relationship, but I prioritize the company's interests."

After a moment's consideration, Lin Bao'er said in a deep voice, "Sister Xu's conditions just now... what are the odds of making a billion in net profit? I don't need to say, everyone knows that very few entertainment companies can achieve that. Our company did it last year, but what about this year! The market is constantly changing, who can guarantee anything? Everyone knows perfectly well the situation with Uncle Gong's investment projects and his investments in new energy."

Gong Nianhua chuckled twice when Lin Bao'er mentioned him, but didn't refute it. After all, it was the truth.

If an investment fails, you have to accept it; if you don't want to accept it, you have to produce results.

Then, Lin Bao'er continued, "To earn an extra seven or eight hundred million, he has to take such a huge risk. Remember one thing, he doesn't lack money, nor does he lack entertainment companies that want to cooperate with him. That's a fact."

"Chairman Lin, what you're really trying to say is that it's all thanks to Director Zhang. What about your own efforts then?"

Xu Min suddenly said this.

Done.

She laughed.

The other shareholders present also laughed, and the somewhat dull and oppressive atmosphere in the meeting room lightened considerably. Lin Bao'er smiled as well, and after a while, she spoke, "My responsibility is to make good use of capable people and put the right people in the right positions."

"Chairman Lin, I understand what you mean, but you've forgotten one thing. While Director Zhang is creating value for the company, the shares we've given him are also appreciating in value. Right now, they're probably worth seven or eight hundred million, and by the end of this year, they might be worth fifteen or sixteen hundred million. He's not only making money for us, but also making money for himself."

After joking with Chairman Lin, Xu Min returned to the previous topic, saying, "Everyone wants to make money, and since we've put in so much, we naturally want to make even more."

"I'll say it again: if you all stick to your previous conditions, I can't negotiate."

Lin Baoer spoke.

She had anticipated that the afternoon meeting would be difficult, but she hadn't expected it to be this difficult.

According to her plan, after she offered Zhang You shares as a reward, the other shareholders would more or less give some shares to Zhang You to make him a shareholder of the company. After that, she estimated that there would be no need to discuss it further, and he would agree.

The current situation is that after Xu Min's reward was changed to a performance-based agreement, all the shareholders agreed. She could object, but that would make it too obvious that she was favoring outsiders.

Song Lan finished taking notes and then waited.

Judging from the current situation, there is a trend that the talks have broken down.

Xu Min exchanged a glance with the shareholder beside him, and after a few more words, said, "The minimum is 600 million, for a total of five years. Even if the performance-based agreement is fulfilled ahead of schedule, he still has to stay with the company for the full five years. Also, if he wants to cash out, he can only do so after five years. These are our minimum conditions. If we still can't discuss this, then forget it."

"What are your opinions!?"

Lin Bao'er looked at the other shareholders.

Seeing that no one had any objections, Chairman Lin nodded and said, "I'll give it a try."

The meeting ended quickly.

The minutes of the shareholders' meeting were compiled, and Song Lan instructed the legal department to draft the contract based on the agreement mentioned at the meeting. Lin Bao'er, who had returned to her office, took a look at it.

The first year's figure was 600 million.

The second year it was 700 million.

By the fifth year, it would be one billion, totaling four billion, generating four billion in net profit for the company over five years.

Regarding the shares given to Zhang Xiaoyou, in addition to her own two percent, the other shareholders each contributed a portion according to the proportion of shares she gave to Zhang Xiaoyou.

Based on the company's current market value, these shares are worth approximately 800 million.

(End of this chapter)