Wang Ye first used the "bait" Fuhua Company to seduce his company to take the bait, and took advantage of his determination to win, and successfully obtained a part of the B-class shares.

Then he used huge profits to lure his stupid brother Ronald to transfer shares, and he also numb himself, thinking that his brother was joking.

As a result, the fake drama was really done, and my brother really sold his shares to the European Capital Fund, which caught him off guard.

However, he was still too young and thought he could not raise a huge sum of money to buy back the stock in a short period of time.

This time, he firmly held more than 50% of the voting rights in his hand to see what tricks he could do.

As for why Wang Ye did not rush to acquire shares with him, Leonard speculated that the biggest possibility was that there was insufficient funds.

The acquisition of Ronald's shares alone cost 8.4 billion US dollars in cash, and some outstanding shares are estimated to cost more than 20 billion US dollars.

If you want to acquire all Estee Lauder's outstanding shares, Wang Ye should not have that much financial resources.

...

With the announcement of Chairman William, this shareholders' meeting officially began.

It was supposed to be a board of directors, but there have been too many things in the company recently, and the board of directors structure will also have undergone relatively large changes.

With the changes in the company's major shareholders, the board of directors needs to be re-elected, and the term of current chairman William is about to end.

This requires holding a shareholders' meeting, so it is simply changed to convening a shareholders' meeting.

This is also the reason why those small shareholders appear in the conference room.

The first issue of the conference is of course the most important thing, to elect a new chairman.

This is what Leonard and his son are determined to win.

At present, although Estee Lauder has CEO Fu Yide, the chairman does not delegate power, so Fu Yide is a puppet.

In fact, it is not that Chairman William does not trust Fu Yide and is unwilling to delegate power to him. But he has no choice.

Although his father Leonard abdicated, his power was not lost. Not only was Ceo Fu Yide a puppet, but he, as the chairman, was also a puppet.

If you have a choice, William really imagines that he doesn't have to work in the company like the chairman of other big companies.

Take control of the general direction of the company's development and leave all other matters to CEO.

But my father doesn't allow it!

Moreover, Leonard always holds up the banner of "the interests of the Lauder family" and occupies a moral commanding height.

William himself doesn't have many shares and has a weak personality. He has no choice but to listen to his father.

To be honest, hiring Ceo Fu Yide was a kind of resistance and a means William chose to escape cumbersome company affairs.

For this matter, he quarreled with his father Leonard and his uncle Ronald several times.

...

"I nominated William to continue as chairman. He has been in this position for several years. In these years, the company has developed rapidly and performed well, which are obvious to everyone."

Leonard spoke first.

Taking this crucial position first is the key to controlling the company's board of directors.

After controlling the company's board of directors, they will naturally slowly find opportunities in the future and slowly squeeze out people from Wang Ye's group.

It can even make Wang Ye mute suffer from Coptis chinensis through mergers and acquisitions, investments, profit transfers, etc.

On his own territory, if he wanted to fight with him, Leonard felt that Wang Ye was thinking too simple.

After nominating his son, Leonard glanced around the conference room proudly, and finally stared at Wang Ye's face, wanting to see what he was reacting.

Lost? Disappointment?

Or, it's just despair!

Unexpectedly, Wang Ye kept smiling on his face, as if he didn't care about this matter at all.

"I don't think Mr. William is suitable for continuing to serve as chairman. The performance of Estee Lauder in the past two years is indeed as Mr. Leonard said, and it is obvious to all. However, it is not getting better, but it is about to fall into a slump."

Wang Ye did not speak, but Frederick next to him expressed different opinions.

Leonard's eyes turned, and he certainly knew what the person who spoke was.

But, it’s not your turn to be a prince from a small Nordic country in Greater America!

What's more, this person's words are obviously selfish.

William is not suitable, so who is suitable?

Is it the king's life?

The question is, who doesn't know that Wang Ye is Frederick's son-in-law.

But Leonard forgot that the William he just nominated was his biological son?

In other words, Leonard believes that the chairman of Estee Lauder Company must be the successor of the Lauder family.

Because this company founded by the Lauder family will never be handed over to outsiders!

He looked at Frederick coldly and asked Leonard: "The company's performance in the past two years is indeed not satisfactory, but this is also caused by major environmental factors. Besides, which company has not experienced a slowdown? Do you think William is not suitable, so who do you think is more suitable?"

Frederick said calmly: "I think the king's career is more suitable!"

Sure enough, Leonard knew that what should come was still coming.

The other party is not giving up. Don’t they know that they have acquired 17% of the outstanding shares and have more than half of the voting rights in their hands?!

It's not impossible. These foreigners may be more stupid than they thought.

"We don't have to argue about this issue anymore. Just vote by the shareholder representatives. If you agree that William will continue to serve as chairman, please raise your hand."

Leonard wants to cut the mess quickly, but it is not suitable to waste too much time on such a suspenseless thing.

As soon as Leonard finished speaking, members of the Lauder family raised their hands and agreed to William continue to serve as chairman.

"Haha, Mr. Frederick, the opinions of shareholders are the most important. Now more than half of the shareholders who hold voting rights agree that William continues to serve as chairman. What else do you have to say?"

Leonard looked at Frederick playfully with joy of victory on his face.

However, to his surprise, Wang Ye's group on the opposite side was not panicked, but instead the representatives of the asset management companies showed strange expressions.

"Mr. Leonard, are you mistaken? The person who raised his hand to agree is not more than half of the voting rights, so your proposal has not been passed yet."

Frederick said calmly.

Although his face was calm, his heart was filled with storm.

Of course, they had already agreed on the nomination of Wang Ye, but Wang Ye did not tell him what happened now before the meeting.

Just now, when Leonard said he wanted to raise his hands to vote, he thought

It's certain to lose.

But suddenly, the situation changed.

Leonard was stunned. He looked at Frederick and said, "Don't you know yet. William and I joined forces to acquire 17% of the outstanding shares. Although they are all Class A shares, with the Class B shares held by our family, the voting rights are more than half."

He didn't notice it, but William, who was sitting at the top of the conference table, had seen it.

He looked at Leonard in shock and said, "Linda! Why don't you raise your hand!"

Leonard was stunned when he heard his son's words. He turned his head and looked over. Only then did he realize that among the several family members around him, Linda, the daughter of Ronald, did not raise his hand!

Leonard's face immediately became cold. This kind of thing had never happened!

In the past, although he and his younger brother Ronald had many things that could not be agreed upon, it was all internal disputes.

Once the family members have negotiated, they will follow his instructions on the board of directors.

Even if his younger brother Ronald disagreed, he would raise his hand with his older brother Leonard.

"Linda, what do you mean? Did you sell the shares too?! I want to remind you that family members sell shares by priority. If you sell shares privately, the transaction is illegal, do you understand?"

Leonard said with a stern face.

Linda is Ronald's daughter. She is almost forty years old now and is divorced and is responsible for marketing in the company.

Hearing the questioning of Leonard and his son, Linda said calmly: "I did not sell my shares, but I don't agree that it is a good idea for William to continue as chairman."

how so……

"William is the successor of our Lauder family, and he is your cousin!" Leonard said in shock.

"But why is the Estee Lauder company necessarily controlled by our Lauder family? Times have changed. The company has developed to its current scale, and the management capabilities of our family members may no longer be suitable for the current Estee Lauder.

Why can't we hire better professional managers to manage the company?

Just like Mr. Fu Yide, he has outstanding talents, but it is because the board of directors is controlled by you and William that it is useless.

So I think it is a wise choice to change the chairman. Oh, let me also say that the voting rights of the shares I have been granted to Mr. Wang Ye.

So, even if I want to vote for William, I don’t have the power.”

As he said that, Linda casts admiring eyes at Fu Yide in the corner.

Fu Yide also raised his head and looked at her, showing gratitude on his face.

...
To be continued...