ebookland Chapter 135 Option Incentives
Chapter 135 Option Incentives
Just as Wang Deyun was accompanying Wang Baoyu and carefully observing the branches of Datong Chamber of Commerce.
Several luxurious carriages, under full armed protection, drove into the Datong Chamber of Commerce one after another.
It turned out that Sun Shan had already communicated with Heng Wang Yang Yuanqing yesterday.
Tonight we will hold a formal signing ceremony for the shares of Datong Chamber of Commerce and its future development.
Zhang's father and son looked at the several giants sitting at the same table and couldn't believe it.
He, a small local country gentleman, could one day stand on equal footing with the Sun family of Chenzhou, the Chen family of Jinzhou, the Yue family of Linzhou, and especially the Hengwang Mansion, which was once admired by everyone.
Jacky Cheung was just a child of a well-to-do family with a fortune of over ten thousand. At the beginning, he just wanted to cultivate a good seed, hoping that when Sun Shan achieved fame in the future, he would be able to take care of his family.
Unexpectedly, as soon as he passed the imperial examination, he became a towering tree.
At the beginning, he spent all his savings of 6000 taels of silver to acquire % of the shares of Datong Chamber of Commerce and also got the position of vice president.
Now, in the blink of an eye, it became one share worth 100,000 taels of silver.
If converted, this means that three thousand has increased into one hundred thousand, with an appreciation rate of 30 times.
Of course, Jacky Cheung knew that his family had no strength at all and he had obtained such huge wealth for no reason.
He communicated with Sun Shan and others several times, and strongly advocated reducing the shareholding.
He originally thought that getting half of the shares would be enough, which would be equivalent to a share worth 50000 taels.
Unexpectedly, Sun Shan insisted.
He actually left himself 10% of the shares, which was the same amount as the Sun Chenyue family who paid out 100,000 taels of silver in cash.
Sun Shan also said that as the original shareholder of Datong Chamber of Commerce, the Zhang family will be one of the permanent partners of Datong Chamber of Commerce no matter how it develops in the future.
Those attending the highest meeting of Datong Chamber of Commerce this time included, representing Hengwang Mansion was Hengwang's prince Yang Keqing, representing Chenzhou Sun family's patriarch Sun Changjiang, representing Jinzhou Chen family's third young master Chen Kun, and representing the Yue family was Hengwang's prince's consort Yue Miwei, who attended in person wearing a veil.
In addition, the Huayang Sun family was also represented by their patriarch Sun Bohe, who had been observing Hengzhou for some time.
The old man was so excited that his white beard stood up and he grabbed his legs with both hands under the table.
I was afraid that I would lose my composure in the excitement.
That’s not true. There were only a dozen people in the entire conference room.
Their Huayang Sun family accounted for three of them, including the founder Sun Shan, the president Sun Bing, and himself as the head of the clan, signing the contract on behalf of the Huayang Sun family.
In addition, two people from the Chenzhou Sun family also attended, one of whom was the patriarch Sun Changjiang.
The other is Sun Ping, who is about to join Datong Chamber of Commerce and serve as vice president.
In this way, the number of people from the two Sun families plus the Zhang family father and son exceeded half.
In addition, participants include Xie Meiyu and her daughter, former shareholders of Wenzhaige, and Li Lianqing, president of the newly established transportation agency.
However, these three people do not have voting rights, only the power of suggestion.
According to the shareholder interest plan submitted by Sun Shan for the Datong Chamber of Commerce, there will be one president, five vice presidents, and two honorary consultants.
From now on, all major resolutions of Datong Chamber of Commerce must be approved by more than half of these eight people before they can be implemented.
Currently, the president is Sun Bing, the first vice president is Yang Kehua, and the other vice presidents are Zhang Yushan from the Zhang family, Chen Kun from the Chen family, Sun Ping from the Chenzhou Sun family, and Yue Qingwei, the interim vice president of the Yue family.
The two special advisers are the founder Sun Shan, and the prince Yang Keqing who represents the Heng Palace.
Sun Shan saw that everyone had almost finished reading the Datong Chamber of Commerce Shareholders' Interests and Responsibilities Plan, which he had written himself and was as thick as forty or fifty pages.
Qingsheng asked: "What do you think? Is there anything else you need me to explain?"
"Mr. Sun is truly a genius!"
Yue Qingwei, who was wearing a veil, stared with her big watery eyes and praised without hesitation.
She raised the plan in her hand and said, "Just the punctuation marks you created are enough to shock the world. They are enough to make the originally vague places clearly distinguished. Otherwise, some places will be ambiguous when explained."
It turned out that Sun Shan felt that understanding the meaning of words in this world was too troublesome.
So, through this contract, some of the most basic punctuation marks were brought out.
For example, the period, comma, quotation marks and other most commonly used ones.
"Yes, yes!" Chen Kun clapped his hands and praised him highly: "Mr. Sun is really talented. In this way, it will be much easier for people in the world to read and understand, especially when handling cases. It will be much more convenient."
This is not the way ancient people wrote.
It's possible to break the word wherever you say it is.
In this way, the text is often far away from the original intention of the writer.
Often the mother-in-law is right when she thinks she is right, and the husband is right when he thinks he is right.
In this way, it is entirely up to the officials trying the case to make their own judgment based on their own wishes.
Others who were sitting at the big round table for the first time and seeing the plan and punctuation marks for the first time also gave thumbs up to express their admiration.
"This is a small matter. I just thought that if the sentences are not separated by symbols, it might cause controversy in the future. So I came up with this idea."
Sun Shan smiled and explained casually, then looked seriously at Yang Keqing who was sitting on his left: "Prince, tell me what you think. If we have no problem, we can officially sign the contract today."
"There are no major problems. Your plan, Mr. Sun, is watertight."
Yang Keqing seldom came out of the palace and rarely participated in such business activities.
Originally, Prince Heng Yang Yuanqing planned to have the chief steward Shen Youzhi sign on behalf of the palace.
Anyway, Sun Shan had already handed me the final plan last night, and I thought it was very fair and just, with all the details in place.
However, when Yang Keqing heard that Yue Qingwei was going to attend in person.
For the first time ever, they also asked for personal participation.
Originally, Yang Yuanqing felt that it was somewhat inappropriate to come forward in the identity of Yang Keqing.
But think about it, Chen Kun and even Yue Qingwei were present, so it wasn’t too unusual for his own son to show up.
What's more, his family only invested 80000 taels of silver to acquire % of the shares of Datong Chamber of Commerce, which was worthy of a prince's personal appearance.
"I just don't quite understand what you mean by dividing each 1000% of the shares into small shares of equal value and executive options? Doesn't it mean that these executives are not rewarded enough in addition to their annual salary and bonuses?"
After hearing these words, Sun Bing, Yang Kehua and others who were overjoyed, suddenly looked as pale as ice.
It turned out that Sun Shan combined it with the executive option incentive plan of the Millennium Corporation.
Presidents and vice presidents like them who do not have shares can draw a certain proportion of shares from the shareholders of Datong Chamber of Commerce and distribute 10 to 100 small shares as bonus dividends while they are in office.
Of course, this is only when they are in office, and they can get dividends for each small share of the year based on their work.
It doesn't really belong to them.
Once you leave this job or make a serious mistake, Datong Chamber of Commerce will automatically take it back.
However, Sun Shan specified in the plan that as long as one has worked in Datong Chamber of Commerce for more than ten years and has excellent work performance, this small share can be transferred to their name in the future.
My God, even if I start investing at the current rate.
Each share is worth 1000 taels of silver, divided by 100, so each small share is also worth taels of silver.
According to Sun Shan’s proposal in the plan, Sun Bing, as the president, can get the maximum 100 small shares.
Other vice presidents who do not have shares can also get 80 small shares.
Even Li Lianxue, who will be in charge of the transportation company in the future, can get 50 small shares.
In this way, wouldn't Sun Bing be worth 10000 taels of silver overnight?
You will be rich!
Plus, his current annual salary is as high as 1000 taels.
This made Sun Bing tremble with fear when he saw the plan in his hand for the first time today.
If not for the forced improvement in the past three months, the visual consciousness would have been broken through again and again.
Sun Bing didn’t even know if he was going crazy.
Anyway, he believed that as long as this plan was passed today, when he told his father, his family would go crazy.
What's more, once Wenzhaige and other companies under the Datong Chamber of Commerce start operating normally, they may receive bonuses every year.
I’m afraid it won’t be less than one or two thousand taels.
In fact, it was not just Sun Bing who thought so. Several other vice presidents who did not have shares were all equally excited.