My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 73 The Group's Structure is Initially Formed! Interviewing Core Executives
After leaving Fengchi, Chen Feng rushed to Fengtian Technology.
A few days ago, Zhao Ya had completed the registration procedures for "Fengtian Holdings Group" and "Fengtian Capital".
Chen Feng immediately transferred all of his 53% stake in Tencent and 10% stake in Vimicro to Fengtian Capital.
Although it's just a transfer from one hand to the other, from a legal perspective, the framework of the Fengtian Group, this commercial aircraft carrier, has been officially established.
However, although the framework was set up, it was still just an empty shell.
Su Qing has been extremely busy lately in order to fill the vacancies in key positions.
On one hand, they had to keep an eye on the operation of Legend, on the other hand, they had to help the big boss screen resumes, and on the other hand, they had to outwit and outmaneuver headhunting companies.
Especially the group's senior executives, who are all capable individuals who can stand on their own, must be carefully selected.
Two days ago, Su Qing reported that the first batch of candidates had been selected and interviews were scheduled for the morning of the day after tomorrow.
The location is on the 37th floor of the same office building that they just rented—this will be the temporary headquarters of Fengtian Holdings and Fengtian Capital in the future.
In addition, the iMusic platform was officially launched a week ago.
in the country, this thing is currently just a simple download tool.
After all, netizens these days are used to getting things for free. Asking them to pay to download music? No way.
But on the other side of the ocean, the situation is quite different.
Americans have a strong awareness of copyright and a good habit of paying for content.
In addition, the crackdown on piracy there is extremely strong, making legitimate platforms like iMusic an absolute necessity.
Lin Wan reported that the platform is currently pricing single songs at 99 cents.
For American consumers who are used to paying for content, this price is perfectly acceptable.
Of course, it has only been online for a week, so we still need to observe what kind of data it can produce.
As soon as I entered the office, Zhao Ya knocked on the door and came in.
"Mr. Chen, the city has replied regarding the application for the land to build the headquarters."
"Oh? How so?" Chen Feng's eyes lit up.
"The official response said that several commercial land parcels in Pudong New Area will be put up for auction at the end of the year, and we can participate in the bidding under the name of Fengtian Holdings."
"Pudong?"
Chen Feng stroked his chin, seemingly lost in thought.
"Okay, I got it. Let's not rush this, we can talk about it at the end of the year."
......
In the afternoon, Chen Feng went downstairs to Legend Network.
The main purpose of this visit was to finalize the details of the interview with Su Qing the day after tomorrow.
This time, they are recruiting the core team of the group: a director of the president's office, a group financial director, and an executive vice president of Fengtian Capital.
These three positions are crucial.
They were essentially Chen Feng's right-hand men and his purse strings, so he had to personally oversee them.
As for other basic positions such as administrative assistants and clerks, Chen Feng entrusted them entirely to Su Qing.
"Mr. Su, are these the names carefully selected by headhunters?"
Chen Feng held a resume in his hand, his brows furrowed deeply.
Prior to this, he was busy with the affairs of various subsidiaries and did not have time to take a closer look.
Only after receiving the information did I realize the problem.
"Is this Gu Qingcheng just a greenhorn fresh out of school?"
Chen Feng pointed to the photo on the resume, his tone revealing a hint of dissatisfaction. "Which headhunter is so unreliable, sending me a recent graduate to apply for the position of assistant to the group's general manager? This resume looks impressive: a bachelor's degree from Peking University and an MBA from Wharton Business School—all top-tier qualifications."
"The problem is, aside from a few summer and winter internships, she's never had a regular job. Can this kind of workplace newbie handle the work of a CEO's assistant?"
"The position of Group Assistant is supposed to help me coordinate the relationships between the major subsidiaries. Do you expect me to personally teach this newcomer how to print documents and plan schedules?"
Upon hearing this, Su Qing's face flashed with embarrassment, and she tentatively asked, "President Chen, should I inform her to cancel the interview now?"
Chen Feng waved his hand: "Forget it, since the notice has already been sent out, changing our mind at the last minute would make our company seem petty. Anyway, it's just a meeting, a quick chat, and that's it."
"OK."
Su Qing nodded and said no more.
......
Nine o'clock in the morning.
Chen Feng led Su Qing to the newly rented conference room of Fengtian Holdings.
To avoid making the scene too deserted, Chen Feng specially borrowed several good-looking and elegant administrative staff from Legend Network downstairs to serve as temporary receptionists and guides.
After all, this was the first interview with the group headquarters, so we had to make a good first impression.
Around 9:50 a.m., the first batch of candidates arrived one after another.
The temporarily seconded administrative staff member skillfully received and registered the applicants, and then delivered the revised resumes to the conference room.
Chen Feng glanced at the list and gestured for someone to call in the first person.
This is a heavyweight candidate; he applied for the position of Executive Vice President at Peak Capital.
Thirty-eight years old, a Stanford PhD, with an impressive resume, having held senior positions at JPMorgan Chase and Sequoia Capital, and having handled several remarkable deals.
During the interview, Chen Feng asked several pointed questions about venture capital, to which the other party answered fluently and with unique insights, proving himself to be a true expert.
However, the atmosphere changed instantly when the topic turned to salary and benefits.
The other party made an outrageous demand, not only asking for a million-dollar annual salary, but also proposing a condition that Chen Feng could not accept—demanding no less than 3% of Fengtian Capital's stock options as incentives.
Chen Feng remained outwardly calm, but inwardly he was cursing.
You wish!
Whether or not stock options are given, and how many are given, is a favor from the boss. When did it become the employee's place to bargain?
This person hasn't earned a single penny for the company, and doesn't even know what cards Fengtian Capital holds, yet he's already asking for a share of the company's assets.
It's worth noting that although Fengtian Capital has just been established, it already holds 53% of Tencent's original shares and 10% of Vimicro's shares.
These shares alone are currently valued at over 300 million, and their future value is expected to increase a thousandfold or even ten thousandfold.
3%? You wouldn't even be worth that much if you were sold!
Moreover, Chen Feng has a very clear vision for the investment company.
He doesn't need a meddling decision-maker because he has his own son's opinion as a backup plan. Who to vote for, who not to vote for, and when to vote for them—the script has already been written.
All he needs is a professional manager with strong execution skills who can help him bring his investment intentions to fruition.
For this level of "tool," a high salary can be offered, but outsiders will absolutely not be allowed to touch the equity of Fengtian Capital and its holding group.
Even if equity incentives are implemented in the future, they can only be based on the shares of the subsidiaries.
The group must have 100% control in its own hands.
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