Global monopoly of technology

The next morning.

At the Azure Coast Company, Qin Weimu is in Luo Sheng's office at this moment, and the two are sitting together to discuss issues concerning Yao Jianhong's treatment and job arrangement.

Luo Sheng leaned on the sofa with his legs on the low table in front of him. He stared at the ceiling and thought for a moment. He seemed to mutter to himself: "You said he has the ability of executive vice president. I met him since yesterday. Looking at it, Yao Jianhong is indeed a rare talent..."

Speaking of this, Luo Sheng stopped again and continued to ponder. After a while, he turned his gaze back and turned his head to look at Qin Weimu who was sitting next to him: "The executive vice president still asks you to work hard for a while, Yao Jianhong, we After all, I still don't know how he is in execution, and I still don't know much about it. The potential risk of entrusting such an important position to him is a bit higher."

Luo Sheng is not lacking in courage, but it does not mean that he is blind and doubtful that people do not use it, but before using it, he must make a careful decision. Once it is used, don't doubt it. If you doubt it, you would rather not use it.

There is more than one vice president in the company, many, but the executive vice president is the first person among all the vice presidents. In other words, it is the second person in the company after the CEO. Executive and executive are the ones who really do things. , Yao Jianhong’s execution is very important.

Luo Sheng hadn't seen his execution ability, so he was unsure, and naturally wouldn't make a decision easily.

Qin Weimu glanced at him: "Then what kind of position do you plan to assign to him?"

Luo Sheng thought for a while and finally made a decision: "In this way, I will list him as a candidate for executive vice president for the time being, but keep it confidential, you and I know it. I will observe him for a while, if I can take the position at any time. As for the current... Give him three positions, General Manager of Supply Chain, General Manager of Sales and Service, and President of Global Solutions Sales Division."

At present, the [Azure] project is constantly advancing, and sales channels have to be built, and they are global, and Yao Jianhong’s resume is not suitable, and these positions are not low, just one level higher than his in SemiconductorMFG.Intl , And in the Côte d’Azur company, it also belongs to the core executives, but there is still a certain gap from the important people in the core.

This position is just right for Yao Jianhong who came to apply for a job.

Luo Sheng immediately made a decision: "OK, that's it!"

Qin Weimu nodded and said, "What about the treatment?"

Luo Sheng thought for a while and said, "Just give him 0.2. Using this option base, you can calculate how to give it."

There is also a lot of knowledge in the salary.

Qin Weimu thoughtfully: "0.2%...According to the company's current asset scale, calculated today, the exercise price is 60 million."

Legal affairs and auditing have a very strong linkage. Qin Weimu is a professional in this area. Luo Sheng gave her a benchmark number and let her calculate how to arrange the treatment.

Qin Weimu's arithmetic ability is also strong. After all, his professional attributes are displayed. He immediately said: "According to the current situation of the company, it is still to insist on a high salary. The annual salary is RMB 13.2 million is the most reasonable."

Salary treatment does not mean to give as much as you want. Of course, if Luo Sheng doesn't care about it, then you don't need to consider these details. It's fine to make a price based on your mood.

But he will not do this. This is a manifestation of being irresponsible to himself, to the other party, and to the company. You can't give high or low, but should be reasonable. This reasoning is also time-based, and it is very useful. flexible.

The issue of remuneration is not only an issue related to vested interests, but also one of the manifestations of recognition of his work.

If the price is low, Yao Jianhong is definitely not satisfied, and either resigns or just catches the fish. People like him are likely to leave.

What ultimately hurts the company's interests; if given high, it will drift. Such talents have also realized financial freedom. No matter how high the treatment is given, he will not feel high, and ultimately harm the company's interests.

Only when it is given reasonable under the premise of time and stage, can it be comprehensive.

Qin Weimu’s annual salary of 13.2 million is not based on feelings, but the company has a set of perfect incentive mechanism to play a role behind it, which will give birth to a set of algorithms in it, which is also the solution she designed and provided.

For executives who are introduced to the core of the company from outside, their salary is determined by equity incentives. With this framework, various data can be calculated smoothly.

In order to allocate shares to the core executives introduced from the outside, the conditions that need to be met are that they must have worked for the Cote d’Azur company for five years, and at the same time have a positive contribution to the company’s development, highly recognize the company’s culture, and are willing to continue to contribute to the company’s mission, vision and Values ​​do their best to strive.

Satisfying this condition can become a real shareholder of the Blue Coast Company, and can have the company's dividend rights, the right to sell, the right to know and the right to vote.

The virtual option for the allotment of 0.2% of shares to Yao Jianhong has a five-year lock-up period, but within five years, he only has the right to dividends, but does not enjoy the right of guaranteed dividends. This is the guaranteed dividends enjoyed by middle-level employees and below.

In other words, if the company has made money and has produced real profits, Yao Jianhong can get a proportional dividend income. If he does not make money, he will not get a penny.

Because as the core executives of the Cote d'Azur company, they have to breathe and share fate with the company.

Who cares about money? Only in this way can we work hard. In addition to the founder's personal influence, the driving force of the system is the most important.

The lock-up period of five years is the exercise period of five years. You can purchase it only after five years, and regardless of the value of the 0.2% equity after five years, it will be purchased at the value of 60 million five years ago. If the company’s assets have shrunk after five years and are only worth 30 million yuan, but they have to spend 60 million yuan to buy it, then no one would want to do that.

Option is a kind of qualification, given an exercise price and an exercise period, there is no mandatory requirement to buy or not to buy when it expires, it depends on the choice of the parties.

And Qin Weimu’s suggestion of an annual salary of 13.2 million yuan was because she had previously asked Yao Jianhong to provide his personal asset allocation. Even when Yao Jianhong arrived at the exercise period after five years, she would definitely not be able to spend 60 million yuan at once Come to exercise the right to buy, so he set up a five-year installment purchase.

In three phases, the first phase will buy 30 million in the first year, the second phase will buy 20 million in the third year, and the third phase will buy the last 10 million in the fifth year.

Therefore, from joining the Côte d’Azur company to becoming a serious shareholder of this company, Yao Jianhong has to struggle for at least ten years in this company to fully share the company’s remaining value.

Qin Weimu calculated the ten years of work based on Luo Sheng’s 0.2% benchmark number, and calculated that the annual salary that should be given to him was 13.2 million yuan. She calculated the accounts clearly, and there was absolutely no annual salary figure of 13.2 million. Treating Yao Jianhong badly.

However, this annual salary means that he has to pay 5.75 million tax each year. In fact, it is completely unnecessary. You can give him an annual salary of hundreds of thousands, and then pay him extra in the form of a bonus package.

In this way, you only need to pay 20% tax, which can save the company a sum of money.

However, Qin Weimu still insisted on giving a high salary, and Yao Jianhong's income did not increase much because the tax was deducted.

The purpose of this is recognition. People at this level need to be recognized and valued more. High salary is one of the ways of recognition. After financial freedom, one has less desire for money.

So in ten years, Yao Jianhong’s total net disposable income after tax is 74.5 million, which is a guaranteed net income, because there is no calculation of whether he will raise his salary and additional bonuses within ten years. This is uncertainty. Not counted.

So after subtracting 60 million yuan and buying 0.2% of options into real shares, Yao Jianhong’s ten-year guaranteed net income is still 14.5 million yuan. Even if the inflation rate over the past ten years is included, this money is enough for him. The wealth of the next ten years is spent.

What's more, Yao Jianhong had already achieved financial freedom before joining the company. His personal net worth had reached 20 million. Within ten years, he had more than 30 million wealth at his disposal. This is worth no matter which city he lives in in this era. Financial freedom can be achieved without pursuing an extremely luxurious life.

Qin Weimu integrated all his factors, and the arrangement was clear and straightforward.

In the office, Luo Sheng pondered and said: "Yao Jianhong's salary, that is to say, give him an annual salary of RMB 13.2 million and 0.2% of the option qualification, and lock him in for 10 years, right? Okay, that's it."

Luo Sheng made the decision, and Qin Weimu had no other doubts, and nodded: "I will send him an official offer in the afternoon."

This is how Yao Jianhong's appointment and salary arrangements for joining the Blue Coast Company have been determined.

Of course, it depends on whether he is willing to sign the contract, but Yao Jianhong will definitely sign it. First, he came to apply for a job, and secondly, Luo Sheng did not treat her badly. Both his position and the salary are better than those of him in SemiconductorMFG.Intl. High when working.

Both parties are shrewd people, and the treatment is scientific and reasonable. To a certain extent, it also reflects the maturity of a company. Yao Jianhong is also more confident to fight.

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