Reborn multinational giant

Marcus blocked the argument of eBayceo John Donahoe. Although paypal was acquired by eBay, they still operate independently in name. Donahoe bypassed him and directly refused Huizhong and Fang Zhe, which made him feel very Embarrassed.

Fang Zhe just didn't see the contradiction between them. Historically, after a company acquired another company as a subsidiary, if the subsidiary kept operating independently, there must be a conflict between the management of the parent company and the management of the subsidiary.

At this time, Fang Zhe also understood why Marcus would come to the door to greet him personally. I am afraid he had long guessed about the purpose of his trip and the conditions of cooperation between Huizhong and Paypal.

As for Donahoe, as a rebirth, Fang Zhe, who has understood the separation of eBay and Paypal in his previous life, naturally understands why he is unwilling to split Paypal from eBay.

Although Donahoe is the CEO of eBay, he is a professional manager after all, and he is still a professional manager who has no shares and only options and salaries. His interest depends on eBay's performance, eBay's performance is good, and stock price performance is good. , Then the "salary" he can get is high, and vice versa, he may even get fired.

Nowadays, after more than ten years of development, eBay’s growth in the e-commerce field has slowed down. On the contrary, the payment business of paypal, which was acquired to facilitate transactions, is getting better and better. It even contributed nearly half of the parent company eBay’s business. Income and profit.

If paypal is split out, eBay’s growth rate will be cut in an instant, and eBay’s stock price will shrink all the way to become worthless. In that case, the CEO, let alone making money, I’m afraid it will be the end!

In fact, in the previous life, Paypal began to split from eBay in 2014 and was officially split in 2015. After independence, the share price of paypal went up all the way, while the share price of eBay went down all the way until 2018 before Fang Zhe was reborn. Paypal The market value is nearly 100 billion U.S. dollars, but eBay’s market value is less than one-third of its 30 billion U.S. dollars, including the current paypalceo Marcus, eBayceo Donahoe, and many paypal and eBay professional managers and executives. It ended up with a pack and leave.

To put it bluntly, the main players of this game are not the CEOs of the two companies on the surface, but the complicated interests of the board shareholders behind the two companies.

"Mr. Fang Zhe, let you laugh, our company is very willing to cooperate with you in the field of mobile payment, but the conditions for splitting paypal from eBay are even more, and these need to be decided by the board of directors." Marcus politely refused At the same time, Fang Zhe glanced involuntarily at a middle-aged man with black hair and glasses not far away from him.

"It seems that this guy is really an undercover." Fang Zhe followed Marcus's hint and looked at the middle-aged man.

If Fang Zhe had not done enough homework on the high-level information of paypal and eBay, I am afraid that Fang Zhe would never have thought that the black-haired middle-aged man in front of him is actually the most talkative person in the audience.

This person is no one else. He is the founder of eBay, Pierre Omidyar, and the chairman of the eBay board of directors. Whether paypal can be split from eBay or even agree to the conditions of Huizhong's cooperative investment is very important.

In Fang Zhe’s view, the founder of eBay, Omidyar, should look like a rebirth. After he founded eBay in 1995, he gave eBay to P&G and Disney in 1998. A professional manager, former ebayceo Whitman managed, and he himself, holding more than 40% of ebay shares worth tens of billions of dollars, chose to "retire" at the age of 30 to live a bohemian rich life!

To be honest, Fang Zhe is still a little envious of people like Omidyar. If he can, Fang Zhe wants to leave Huizhong aside and become the richest man in China who eats, drinks and plays all day long. But this idea is also in Fang. Zhe's mind occasionally reverberated. Everyone has their own attitude and choices in life, and Fang Zhe is the kind of person who can't take time off.

Although Omidyar is already in a "retired" state and rarely intervenes in eBay's affairs, when the founder and CEO of a company like Huizhong, who is on par with eBay, visited in person, Omidyar still had to personally visit Out of the game.

What's more, Fang Zhe didn't believe that a person with a life attitude like Omidyar would not understand the intention of his visit. If he did not understand, he would not be sitting in this office today.

"Mr. Omidyar, what do you mean?" Fang Zhe asked directly without circumstance.

"Mr. Fang Zhe, I am very glad that you can personally come to discuss cooperation today, but as Marcus said, it is not for me to decide on a split of Paypal. This requires the discussion and voting of all shareholders of the board of directors. "Omidyar gave the same answer as Marcus.

"Waiting for the board of directors to decide?" Fang Zhe smiled contemptuously. Which company's board of directors is not determined by a few major shareholders. Although there are A and B shares in the US stock market, voting rights are separated from equity, but obviously A company such as eBay whose management is basically a professional manager is not included in this list. Those who actually master eBay are still several major shareholders of Omidyar and eBay.

Now, if Fang Zhe is right, Omidyar and several other eBay shareholders are present, and the total eBay shares held by them have exceeded 50%. That is to say, Omidyar and others have long thought of it. In the current scene, the reason why he said so is simply because he wants to bargain and strive for greater benefits.

Fang Zhe secretly gave Huang Siyi beside him a glance, and Huang Siyi also clearly started the negotiation with paypal:

"Mr. Marcus, Mr. Omidyar, I don’t know if you understand it. Last year, Huizhong, a third-party payment software company similar to Paypal, separated from the parent company and established a completely independent company. s company.

Although part of this is due to our Mainland China policy, the more important reason is to allow Alipay to have better independent development and room for growth.

I know that your company’s paypal covers hundreds of countries in the global payment field, has more than 200 million users, has an annual transaction volume of hundreds of billions of dollars, and net revenues of up to billions of dollars. Therefore, I tell both of us The prospects for cooperation are very promising.

I came this time and deliberately took a report on the basic development of the past two years from the independent PayTong company. Because Huizhong and PayTong are not listed companies, this information has not been specifically disclosed. I believe that you will be very interested in reading this report and data."

Huang Siyi said, in the curious and expectant look of the paypal side, including Omidyar and others, he asked the assistant beside him to take out more than ten reports that had been prepared long ago from his briefcase. Since Omidyar and others He had already had an idea, how could Fang Zhe not be prepared earlier!

"Ohmygod!" There was a sudden cry of exclamation in the conference room, a little quiet because of reading the report.