Low-key tycoon

Chapter 69 Ownership Structure

You can search "Low-key Tycoon Search Novels (www.soxscc.com)" in Baidu to find the latest chapters!Wei Caijun finally found out the cause of the background crash. It turned out that there was a problem with the server driver. Sometimes the magnetic needle would make a small noise, which seemed insignificant in the computer room, because the noise of the server was still very loud. In front of me, I couldn't tell at all that the driver would be unstable.

Li Mingrui looked at Wei Caijun with a look of excitement, knowing that in order to find the cause of the server crash, he had been debugging the code since the morning to eliminate the problem that was not the code in the end. Finally, under the advice of his colleagues, he shifted his attention. In the hardware, the reason was found.

Li Mingrui looked worried: "So, doesn't the server still have the risk of downtime? This problem is always hanging on the head."

Wei Caijun thought for a while, "Well, I will go to the Electronic City later, get the equipment to be replaced first, and see if there is a chance to shut down the server after ten o'clock in the evening."

"Okay, you are an expert in this area, you can figure it out, go to dinner first, and have been busy until now."

Just as Wei Caijun was about to walk out of the office, Li Mingrui stopped him again: "Well, you don't have to go back to the company after a while. Come back at ten o'clock in the evening. I'm worried that it may be late at night. It's better to go back and get some sleep. ."

Wei Caijun waved his hand, "No, we did this job. It's not that we didn't spend the whole night. It really doesn't work. We will have a half-day holiday tomorrow."

Li Mingrui had to go with him.

At this moment, Mr. Chen Yuan called and asked Li Mingrui if he had time, and then they met in a cafe near Xianlin University Town.

After explaining to Liu Yishou, Li Mingrui drove to Xianlin University Town. Compared with the previous crowded subway, Li Mingrui drove the car and enjoyed the beautiful scenery all the way, and he was still very happy.

Teacher Chen Yuan had been waiting for a long time when he arrived at the coffee shop.

After Li Mingrui stepped forward to confirm that it was correct, he ordered a latte with the waiter, and then asked Chen Yuan: "Teacher, may I have anything to do with me? You don't tell me on the phone."

Chen Yuan took out a stack of paper documents from his handbag and placed them in front of Li Mingrui, and then drank coffee without hurries.

Li Mingrui picked up the document, "What is this? It's so mysterious."

Turning to the first page, Li Mingrui was surprised: "This is the company's equity distribution statement?"

Chen Yuan drank his coffee and smiled calmly: "Look first, if you don't understand, talk about it after reading it."

For the next ten minutes, the two were doing their own things quietly. Li Mingrui read the "Equity Distribution Plan" roughly, then put the document on the table, took a cup of coffee.

"Teacher, I don't quite understand. According to your plan, after a few financings, my equity is only about 20% left. Will I be swept out? Just like Qiao Gang."

Chen Yuan put down the cup and pointed to the document: "I have already considered it. In this distribution plan, I have referred to Teacher Ma's Alibaba model."

With that, Chen Yuan took out paper and pen from his bag and began to teach Li Mingrui.877haoshu.com www.877haoshu.com

"Usually in class, we learned that equity is the right of shares, and shares are how much shareholders contribute. Therefore, the more money you pay, the more shares you occupy, and the more equity you have in the end."

"Equity is a good thing. In our daily life, we often hear that many companies' internal competition for equity causes damage to the company, and even causes the company to fail."

"People are greedy for money and power. The more equity they have, the greater the power to speak within the company and even control the company."

"Here, I have to mention a few figures. These are the conclusions that people have drawn from studying the equity competition that most companies in the world have experienced in the past. The figures are 67%, 51%, 34%, 30%, 20%, 10%, 5%, 3%, 1%."

"The numbers from large to small also represent the size of the rights. If you want to fully control a company, then you must own at least 67% of the equity. The conclusion of this number comes from the "Company Law", which is stipulated in the "Company Law" If a major issue of the company is to be voted on, at least two-thirds of the shareholders’ approval is required before it can be approved. Therefore, if one person owns 67% of the equity, even if everyone else objects, the general meeting of shareholders can still pass the vote."

"Of course, there are no absolutes. Some company articles of association provide otherwise, but the amendment and approval of the articles of association are also important matters, so you know."

"The next 51% refers to the relative control of a company. At this time, except for the company's major issues, other proposals can basically be passed, because you have more equity than others combined, and other shareholders have no reason. Raise objections."

"The next step is 34%, because as long as you own 34% of the equity, you have a veto. As long as you oppose, you will not reach the so-called'two-thirds' standard, so that when you vote against you , Can be easily rejected."

"The remaining 20%, 10%, etc., are the shareholding ratios summarized in accordance with the provisions of the "Company Law."

"Furthermore, these are the shareholding structures of traditional companies. Now the Internet era has seen new developments."

"I have also studied the equity characteristics of Internet companies in recent years, and found that the development of most Internet companies relies heavily on financing. If the traditional equity distribution structure is adopted, then the founders of several Internet giants will have been swept away. We will find that Teacher Ma and others still firmly control the company."

"In those days, after learning the lessons of the Qiao gang leader being kicked out of the fruit company, many founders intended to find a way to get a large amount of financing without being swept away by capital. Later, someone proposed the so-called "dual equity structure."

"In other words, a company’s equity is divided into two types, AB. Although the dividends of the two types of equity are the same, they have different voting rights. If one share of A equity is counted as one voting right, then one share of B equity is counted as ten Voting rights."

"The founders only need to firmly control the B equity, and they can control the company. At present, many domestic Internet companies have adopted this equity structure."

"Therefore, President Li of Thousand Degrees can still firmly control Penguin with a 15% stake."

After listening to teacher Chen Yuan’s long talk, Li Mingrui asked, "Is this the same with Ali’s teacher Ma?"

Chen Yuan took a sip of coffee, "Ali and Penguin are different companies. They control the company through another method. That is to say, the equity of Ali and Penguin is still a single share, but the two companies have their own methods. "

"Penguin is because Mr. Ma controls the board of directors and the management team. Among the board members, most of the members are Mr. Ma's people, so he can firmly control the company. Although major shareholders can join other shareholders to remove the board of directors, it is too risky. Great, who would have trouble with money."

"Teacher Ma of Ali firmly controls the board of directors through a system called'partners'. To become a member of the board of directors, you must obtain 90% of the votes of the'partners' before you can enter the board of directors, and all partners are Board members, this is equivalent to double insurance. Anyone who can enter the board must agree with Mr. Ma, so Mr. Ma can absolutely control the company."