American Fortune Life
Chapter 1355: The Green Two-Tailed Mermaid
When the world was razed by the series of night-time madness attacks in Sambai, the group fell into silence after some discussion and quarrel in the conference room at Starbucks headquarters in Seattle.
The timing that Andy Smith chose was really hard for Starbucks to fight back, and board members and DU directors of the three committees focused some shady eyes on Starbucks spiritual figure Howard Schultz, this Starbucks Jobs face, who returned to power this year.
His series of reforms did allow Starbucks to reduce losses, reduce the impact of the financial storm and restore brand value.
At the same time, massive closings and layoffs have lost investors' confidence in Starbucks, resulting in stock prices that are now available, giving Andy Smith a chance to acquire Starbucks in full.
“Perhaps we could convert that 1.2 billion convertible bond into ordinary shares... ”
Finally, someone broke the silence and Chief Financial Officer Michael Casey sighed in his heart and said a bad idea.
“That was self-extinction, not to mention whether the common stock would have an impact on Andy Smith's acquisition plan, which would have completely discredited investors.
In a financial storm, you want Starbucks' share price to fall into junk stock? Don't forget, this will not only dilute each other's shares, it will also dilute our own, I disagree! ”
“I also disagree that Andy Smith holds tens of billions of dollars in cash, and since he decided to acquire Starbucks and absorb so many shares, he definitely started laying them out a long time ago, and he definitely came up with plans to counter our attacks.
To put it bluntly, we have lost the initiative to prevent each other from entering Starbucks' board of directors. Now that the other person has not appeared, it can only indicate that the other person's ambition and appetite are too great to want to take complete control of Starbucks... ”
This time, he spoke with a sharp eye for Howard Schultz, who had been frowning, and several company executives, but with a grin in his heart.
The three committees and DU directors were heartily optimistic about Andy Smith's inclusion, as no one would threaten their position, and only those executives who had been in control of the company for a long time would be excluded and worried.
Howard Schultz looked around at the crowd's expression in the conference room and was hazy because he had developed this decentralized and even share, although it would normally be enough to stop big shareholders from interfering in the operation of the company and give management better control over the company.
But the same goes for the disadvantage, just like Andy Smith, who is now faced with a huge amount of wealth, can't afford to take extra shares to introduce the White Knight to block Andy's barbarian footsteps.
The only counterattack available was the poison pill scheme, but the possibility of implementing the poison pill scheme did not exist from the outset in the face of directors who refused to accept the enormous damage caused to their assets.
Howard Schultz even thought that the group of directors in attendance couldn't help but add Andy Smith, a super-rich man, to rebound Starbucks' share prices and soar the value of their assets.
“I need to speak to Andy Smith personally and believe he will recognize our corporate culture and behavior. After all, this is the cornerstone of Starbucks, and as long as Starbucks is not shaken at all, we should be optimistic about welcoming new directors.
As for Andy Smith's position... “
“Knock, knock...”
While Howard Schultz was making a rather helpless compromise, the door to the conference room was knocked, and soon a staff member pushed the door in, with a slightly panicked look toward the front seat of Howard Schultz, who said, "Boss, there's a group of people out there to see you, and the leader claims to be Andy Smith's representative. ”
Howard Schultz's pupils shrunk slightly, and everyone in the conference room had different faces, and they finally made a move.
“Invite them over. ”
When the staff left, Howard Schultz laughed helplessly: "Let's hear what they think. ”
The crowd in the conference room was also very pungent and nodded silently. There was no way to stop Andy Smith from holding more shares than everyone else in the room combined.
Shortly after, under the guidance of Starbucks staff, a group of suits and leather shoes walked into the conference room with sharp-eyed business elites.
A tall white man in his thirties, headed by a smiling hand and a Howard Schultz handshake headed by the Starbucks.
“Hello, Mr. Schultz. Nice to meet you. I'm Mr. Andy Smith's Plenipotentiary, Olin Smith. ”
Howard Schultz, shaking Olyn Smith's hand, glanced slightly, smiled on his face and said, “Nice to meet you. Have a seat. ”
Neither side had ink, and soon after, Olyn Smith took out some documents and handed them to Howard Schultz across the street, smiling: "This is Mr. Andy Smith's share certificate and power of attorney. ”
After Howard Schultz picked it up, he smiled at Olin, and then looked faintly, a share of 2%, 3%, and even 0.5% of the shares proved that Howard couldn't help but sigh.
Looking over, Howard smiled again, handing the documents to David Pace, the Executive Vice President around him, and asking Olin, "Don't know what Mr. Andy Smith thinks? ”
“This acquisition of Starbucks by Mr. Andy Smith is just a normal commercial acquisition, and Starbucks is a very good coffee chain retailer, and Mr. Andy Smith is very keen on its development potential.
Of course, Mr. Andy Smith is also a loyal customer of Starbucks, which has ended an overly aggressive and blindly expanding strategy, although sales growth has slowed considerably and performance is facing serious challenges.
However, with Mr. Schultz's return, a series of corrective measures have made Mr. Smith feel that Starbucks is entering a new phase of growth.
That is why Mr. Smith is very interested in being part of the Starbucks family. ”
When it comes to Olympic Smith's words, the Starbucks present face to face, they don't believe that Andy Smith is going to carry out the acquisition plan just to join the Starbucks board.
“We thank Mr. Smith for looking so good at the development of Starbucks, and we welcome Mr. Smith's participation.
However, Starbucks initially achieved a separation of equity and control a long time ago. This time Mr. Smith joined Starbucks with 25% stake, which is undoubtedly a subversion to Starbucks.
I was wondering, do you want to take control of the company to the board of directors? ”
Hearing Howard Schultz open the door to words and problems, Olympic Smith's smile slowly converged, his face was serious, and his bright eyes looked at each other and said: “Let me tell you the good news first, through the acquisition, Mr. Andy Smith now holds 30.1% of Starbucks shares. ”
“Wow... ”
“How is it possible... ”
“This... ”
Listening to the conversation across the street between a vastly changing Starbucks crowd, Olympic Smith continued after a brief pause.
“To be fair, Starbucks, as a commercial company, has a commendable place in fulfilling corporate social responsibility, stemming from the insistence and excellent corporate culture established by your management.
But Starbucks ultimately wants to serve the interests of its shareholders, and that's what its global shareholders' meeting really means. Business is so cruel.
Commercially, Starbucks wants coffee quality on the one hand, and stores quickly on the other, but the speed behind this, the contradiction between quality, is always irreconcilable. And over time, we've seen more and more irreconcilable contradictions.
Mr. Smith believes Starbucks needs a clear future development plan and strategy, rather than one downsizing after one expansion. So Mr. Andy Smith wants to be Chairman of Starbucks and Chief Strategy Officer! ”