"Chambers, my friend, you are really willing to give up Atlantic Business Machines Company. This is a multinational enterprise that you built with your own hands, and you have left your deep imprint here."
Wang Yaocheng held Chambers' hand hypocritically, looking sincere and sincere in his eyes.
Chambers knows the boss very well, he is definitely a ruthless person.
I think back to the time when I cold-bloodedly cut off 0.4% of my stock options just as a test. That was 0.4% of Atlantic Business Machines.
Every time I think about it, it makes people feel a little painful. This unforgettable lesson is worth a billion dollars, not ten dollars.
After this incident, Chambers was afraid of his boss to the core. This was caused by many aspects.
In terms of personality, Chambers has genius management skills, but his personality is not strong. He is nostalgic and values friendship.
Otherwise, I would not have worked at Cisco my whole life and never thought about changing jobs.
What's more, there are ten-year stock options. Wang Yaocheng was awarded the 1% long-term stock option for ten years only when Atlantic Business Machines Company doubled its market value. It has only been more than a year.
If you change jobs and leave the company, according to the contract, the company has the right to take back these stock options at the initial issue price, which is only a few dollars.
The same is true for Cisco's stock options, which have similar terms and conditions, firmly binding outstanding talents to the company.
"Boss, all my energy is now focused on Cisco. Please forgive me for not being able to be distracted. I think it's time to let go."
"Then... you can focus on Cisco, but keep the part-time job as chairman! At critical times, we need an experienced captain like you to steer the company and stabilize its direction!"
"Boss trusts me so much, so let me work part-time for the time being."
"Okay, then I feel relieved."
Patting Chambers on the shoulder happily, Wang Yaocheng picked up the gold pen and signed his name with one swipe, and the stock exchange contract was officially established.
The former senior executives of Atlantic Business Machines voluntarily exchanged their original stock options for stock options of the same value in Cisco. This stock exchange contract was officially signed, which meant that everything was a foregone conclusion.
Since Wang Yaocheng is willing to redeem his shares at a premium of 43%, he can solve the problems of small and medium-sized shareholders.
Then, the 3% of Atlantic Business Machines' senior employee option pool, plus the 1% of stock options that individually motivate Mr. Chambers, will become the last obstacle.
Without solving this critical issue, it is impossible for Atlantic Business Machines to act arbitrarily, and many ideas cannot be advanced.
Wang Yaocheng provided three options to senior management;
One, remain unchanged.
Second, the premium is 43% cash exchange.
3. Replace the same value of Cisco stock.
As a result, Chambers had huge appeal and everyone made the same choice;
Option three.
As a result, the Royal Family Fund acquired 99.6% of the equity of Atlantic Business Machines, completely clearing the last obstacle to privatization and delisting, and achieving a perfect conclusion.
From now on, the sky is high and birds can fly, and you can do whatever you want.
Chambers clearly saw this and shifted his work focus to Cisco. He thought he would lead some senior executives to leave Atlantic Business Machines and give up the vacated positions to the Chinese senior executives who flocked in.
Zhang Shuguang did not disappoint. During this period, he continuously flew to Europe and Fuso, hired high-level industrial designers, and prepared to go back and create mobile phone products that had been carefully prepared for several years.
If you don't make a sound, it's enough. If you make a blockbuster, it will make a big difference.
As a result, Royal Fund’s controlling stake in Cisco has dropped again and again.
At the end of 1996, after Cisco used stocks and cash to acquire Duo Security, a company valued at US$4.2, the Royal Fund's equity was reduced from 51.7% to 50.04%.
Subsequent mergers and acquisitions mostly used Cisco's debt approach, and the Royal Family Fund's equity holdings did not further decrease.
Until a strategic cooperation agreement was reached with Mr. Murdoch of News Corporation, Royal Fund once again sold 6% of its shares, reducing its shareholding ratio to 44.04%, in exchange for valuable cash flow.
this time
Chambers and a group of senior executives reached a stock exchange agreement, using 4% of Atlantic Commercial and its stock options, 4% of the market value of US$178.8 billion, worth US$7.152 billion.
It can replace 4.47% of Cisco's shares with a market value of US$160 billion. Royal Fund's shareholding is reduced to 39.57%, and Cisco's management's shareholding is increased to 8.47% of the shares, becoming the second largest shareholder collectively.
Among them, Chairman and President Chambers alone holds 3.288% of the shares, currently worth US$6.2 billion.
In this way, everyone is happy.
Once the management is happy, all they can do is work hard to make money for themselves.
Chambers will treat Cisco as his own company and do his best to develop. The same is true for other company executives. If they work hard and work hard, Cisco will definitely develop better and stronger.
No matter how you play, Wang Yaocheng will be the big winner in the end.
Just lie down and make money, feeling great.
Huaizhou old house
"Today is New Year's Day. I wish you all a happy 1999, great career development, a happy family, many children and grandchildren, and another lively year."
Brother-in-law Chen Xiutong was holding a wine glass and speaking a toast with a glowing face. There were two large round tables in the main room, filled with a whole family of relatives, and there were three tables in the next room. It was really lively.
"Xiutong, I know about Duo Sun. What the hell is Duo Zi? Please explain it to me." There was no trace of blame on Chen Xiulian's smiling face.
"Godson, eldest sister, I'm talking about taking in some godsons." Chen Xiutong's adaptability is quite fast.
After saying that, he suddenly looked at Wang Yaocheng with a guilty conscience.
Seeing him looking at me with a half-smile but not a smile, I secretly regretted this bad mouth;
I have nothing to do all day long, just chewing on nothing. It's really getting darker and darker.
"Okay, having this eldest grandson is enough for me, so don't make things more difficult for me. Sister knows that your heart is good. Today is a good day to bid farewell to the old and welcome the new. The whole family will have a glass of reunion wine together, and we will be happy in the coming year.
Make a fortune."
"Come, thank you eldest sister for your kind words, let's have a drink."
"cheers!"
A large family was sitting together lively. Next to Chen Xiulian sat a chubby little guy. His big black eyes were looking around curiously, and he was drooling "babbling" in his mouth.
Strictly speaking, this is the first grandson of the Wang family, the child of Wang Yaocheng and Si Wanru.
The little guy is only a few months old. His nickname is Guobao and his first name is Wang Zuyou, which simply means the blessing of his ancestors.
Grandpa Wang Guodong and grandma Chen Xiulian discussed this name for a long time before deciding on it. It can be seen that they sincerely love it and have always carried it with them.
Si Wanru sat quietly at the table and ate. From time to time, she would look at the child, who looked dignified and elegant, with a faint halo of happiness on her face.
After having a child, my heart becomes calmer, and I don't worry so much about gains and losses, and wake up from my dreams late at night.