Tao Liangchen
Chapter 323 Getting Rich Together
According to the agreement, the breaching party needs to pay double the compensation. With the iCQ shareholders receiving the money, the deal is basically settled, unless a sucker is willing to help shoulder an additional $40 million in compensation.
After dealing with this matter, Su Yehao took the little girl to San Francisco to stroll around, see art exhibitions, listen to symphonies, and find some food in Chinatown.
Two more days passed.
He formally called a group of reporters and publicly signed the comprehensive acquisition contract.
On the same day the contract was signed, the funds from the Bank of China and McKinsey arrived one after another.
The 300 million RMB from Meidi Group had already arrived. After Su Yehao greeted his father, Sihai International's accountant also started to coordinate with him, transferring another 600 million Hong Kong dollars to him through the bank.
In addition, the funds from the First Industrial Bank of Japan had already started the process, with only the final head office approval remaining. It was said that there would be no further problems.
A large sum of money raised from all over the place was transferred out in batches.
Considering that Su Yehao had earned more than $100 million by leveraging options and stock futures in just over a week of preparation, he actually had a lot of money left. It could just be used for future development, invested in the company in batches as the situation arose, so as not to be squeezed to death by cash flow.
For the time being, there was no need to worry about how to repay the money. The management of the two companies had already begun to contact each other, and it was determined that tvt advertisements would be placed in the iCQ instant messaging software, and a plan to reorganize iCQ and add social functions was in place.
In Su Yehao's vision, tvt was like QQ, while iCQ, which focused on chat functions, was more like WeChat.
The two can develop independently, focusing on different user groups while forming competitiveness in the chat social field together. It is equivalent to two major subsidiaries under a parent company, which will carry out in-depth cooperation in finance, marketing, and other aspects.
The specific approach still needs to be considered. McKinsey Consulting will still be responsible for the subsequent merger and reorganization work.
May 20, 1998.
Early in the morning, Su Yehao, who had just completed the notarization of his driver's license, drove his newly bought silver Mercedes-Benz CLk-gtr, cruising down the street.
The car is definitely a good car, with extremely strong performance and a particularly handsome appearance.
It's just a pity that the chassis is too low. If the roads in Silicon Valley weren't new, it would be difficult to even get on the road. Passersby might think it's handsome, but only Su Yehao himself knew the tension involved.
After finally driving to iCQ headquarters, Su Yehao parked the car at the door and waved for the bodyguards to take the boxes out of the trunk of the following G-Wagon.
The new boss must put some thought into winning people's hearts when meeting employees.
So he brought some small gifts, a total of more than $3 million in cash. After going upstairs, he called the employees, opened the boxes in public, and said that it was an early mid-year bonus. As long as they were formal employees, each person would receive $10,000, and even outsourced cleaners, security guards, etc., could get $5,000 in cash.
The employees certainly loved this unexpected surprise. Combined with the salary increase and benefits applied for by the labor union, many people easily accepted Su Yehao and forgot about the old owner in the blink of an eye.
Before the transaction, the employee union representatives had won salary increases, no layoffs, equity, and other benefits from Su Yehao, so these employees really had nothing to worry about.
Some even hoped that Su Yehao would lay them off, so that they could directly get compensation equivalent to two years' salary, wouldn't it be more enjoyable to rest at home?
As for equity and the like, the company has not improved recently, and these employees also understand that the total of 2% of the shares, after being distributed to each person, is not worth much money, so some people don't care too much.
Today, the only ones who are really worried are those middle and senior managers who did not make money in the acquisition process and feel confused about the future.
Ordinary employees don't have to worry about anything, but these managers are likely to lose their current positions at any time because the company is acquired. It is common for a major purge to begin after a company is acquired. It was not easy to climb to the current position, and no one wants to be kicked down again...
At this moment.
Su Yehao, in a suit and leather shoes, asked the company accountant to take the money to distribute, and the extra money could be used to organize activities and treat everyone to dinner.
There is nothing to communicate with ordinary employees, the more contact, the more troubles. Therefore, he only called more than a dozen middle and senior managers to the meeting room according to the pre-prepared list.
After everyone was seated, Su Yehao sat upright, took a sip of tea, and said:
"I paid a considerable price to acquire this company. You should be able to feel that I came with sincerity. There will be some minor changes next, mainly in the customer target group of the products. There will be no major problems in the short term, and you will continue to maintain your current working status. In the future, when I make money, everyone can make a fortune together."
t talk about ideals, don't talk about feelings, just talk about making money.
Although it's a bit vulgar, it's very down-to-earth.
A young white man raised his hand and tentatively asked, "New boss, what do you mean by changes... specifically?"
"John Zhou contacted you a few days ago, he should have mentioned that I want to add new elements to the iCQ chat software. Some plans are still in preparation, but next I hope you all download a tvt instant messaging program and seriously try out its group chat and social functions."
Su Yehao was not confident in his English, so he spoke very slowly, trying not to make mistakes. Then he added:
"Actually, I think tvt has more potential than the current iCQ. It was smooth when there was no competition before, but there are more and more products in the chat market. If there is no change, iCQ will soon decline."
Simply he came himself, then waved, and asked Linda Yun, who was acting as a translator, to help explain the cash reward plan.
Specifically, according to the length of service, work performance appraisal, etc., learn from tvt to adopt an employee level division system, and each time the number of active users reaches a new height, a bonus pool will be unlocked.
Starting with the current 7 million monthly active users, when it reaches 10 million, a $5 million reward can be obtained, and when it reaches 15 million monthly active users, another $10 million can be divided.
The amount of bonus that can be received is different for different levels. Everyone present is a management, so there will definitely be advantages in terms of level. A stock option reward plan will be formulated separately later.
This is mainly to spend a little money to prevent employees from starting to work negatively after the existing executives leave.
In addition, there are new regulations for year-end bonuses, from one month's salary to three months' salary.
This treatment is indeed much higher than before.
While the managers present were happy, they did not forget the plan to transfuse blood and divert traffic to tvt, saying that it may affect the subsequent development of iCQ.
In response, Su Yehao only said that it is the survival of the fittest. If users are really taken away by tvt, it only means that iCQ is not good enough...