Chapter 972 The most critical part
"Mr. Oak, why are you here? This is such a rare guest!" Bezos looked at the guy in front of him in surprise. This was the middleman who helped Amazon raise funds.
When Amazon was first established, it faced financial problems, but at that time, because Amazon was unable to obtain stable revenue, many investment institutions refused to raise Amazon. It was not until he found Mr. Oak, and with his help, Amazon finally obtained $30 million in financing and survived this difficulty.
However, since then, Bezos has no contact with Mr. Oak, and he suddenly appears in front of him again until today.
Bezos was very grateful to this Mr. Oak. Even though he was drunk, he still warmly received this old friend.
"Why, I've drunk so much? Don't you often say that alcohol can numb your wisdom and make wrong decisions, so you don't drink?" Oak asked curiously when he smelled the smell of alcohol.
"No drinking does not mean I can't drink!" Bezos said with a wry smile. "You seem to know, what kind of situation is my company facing now? Someone wants to take away the child I raised with my own hands, and I have no choice but to drown my sorrows with alcohol?"
"So I'm a little curious, I wonder if Mr. Oak, are you here to persuade me or help me?"
"Uh... have you guessed my purpose?" Mr. Oak asked a little embarrassedly.
"Does it need to be guessed? My company just had a crisis, and you, whom I haven't seen for a few years, appeared in front of me. If there is no coincidence, then my decades of life will be in vain!" Bezos said lightly. Through these words, he instantly took the initiative of the entire situation.
"Hahaha, I never thought of hiding you. And I tell you that I came here to help you this time, help you through the acquisition crisis of Jiangnan Group, help you and your company get out of the predicament, and defend your control over the company!" Since Auck had already understood his purpose, he immediately made his position clear.
"That's really great. Please help me!" Bezos held Oak's hands tightly and said excitedly. Oak nodded, organized the language slightly and said, "Mr. Bezos, we are all old friends, so let's communicate in the most direct way."
"You also know that I am a middle-aged man and know many financial friends. I already knew about Jiangnan Group's attempt to acquire Amazon this time. During the past ten days, I kept analyzing the situation, communicating with some of my friends, and finally confirmed something that is good for both of you and me!"
"What's the matter?" Bezos asked.
"That is to help you block Jiangnan Group's acquisition this time!" Aoke said with a smile.
"How do you help me?" Bezos asked again.
"Please go into the trap, and then kill the chicken and the sheep!" Oak said with a deep understanding, squinted his eyes.
"Are you planning to let Jiangnan Group come in, and then continuously increase the acquisition price, and then let Jiangnan Group directly fall into our company, and eventually let the other party's funds run out and fail?" Bezos said directly through Oak's plan.
"That's about it!" Oke nodded, a little embarrassed, he wanted to pretend to be B for a while.
"No, this plan is really too dangerous!" Bezos shook his head. "It's very easy for you to invite you into the trap, but now Jiangnan Group has 35% of the equity. They only need to obtain another 16% of the equity to obtain the controlling stake of the company. As long as Jiangnan Group gives up its plan to completely control and only use their funds to acquire 16% of the equity, then Amazon has changed hands."
"Before these chickens and sheep are slaughtered, the jar may have been completely broken!"
"So, we need your help and cooperation! As long as you are willing to cooperate with us, these problems are not problems!" Oak said with a confident expression. "You know, this time the entire Wall Street consortium and institutions will cooperate with our actions. We actually have 51% of the equity in our hands, and Jiangnan Group is only 49% at most. He absolutely cannot control this company!" Oak said confidently.
"Haha, Mr. Oak, it's not that I don't believe in your friends, but I never believe in the group of wild wolves on Wall Street. They only have interests, or only their own interests, and everything else can be abandoned!"
"If Jiangnan Group is only willing to buy 16% of its shares with US$5 billion, then I believe you can all unite to resist this temptation and remain unmoved."
"But what if Jiangnan Group raises the price to US$10 billion or even US$15 billion just to acquire 16% of the shares? Then I believe that your friends will immediately throw you and me away, run to the bottom of Jiangnan Group, stick out their tongues and bite their tails, and the wolf will become a husky, your guarantee is meaningless!" Bezos said bluntly.
"Haha!" Oak smiled awkwardly, but admitted readily, "It seems that you really understand the nature of these wild wolves on Wall Street. It's good. I admit that if Jiangnan Group does this, then these guys will abandon us 100%!"
"So in order to avoid this, I'll come to you. It's also the last puzzle of our entire plan. As long as you are willing to agree to us and cooperate with our collective action, everything can be implemented smoothly and there will be no loopholes?"
"What do you need me?" Bezos asked without hesitation. "As long as I can accept it, I can cooperate with you!"
"It's very simple. You just need to always maintain a tough attitude to reject Jiangnan Group!" Oak licked his lips and said, "I remember that when Amazon was financing and listing, the company had AB shares. The 10% of the shares you hold were Class A shares, while other shares used to raise were Class B shares. The voting rights of Class A shares are 10 times that of Class B shares."
"Not bad!" Bezos nodded. The A and B share system is a unique system that some American companies are in financing. It is a special system established by the founders of the company to prevent their own right to operate the company from being usurped.
These Class A shares and Class B shares are exactly the same in terms of dividend rights, without any difference.
However, at the company's internal shareholder meeting, Class A shares and Class B shares are different. Among them, Class A shares held by Bezos have 10 times the voting rights of Class B shares.
Simply put, when a company holds a shareholders' meeting and has differences over a company's major operational decision, it is only possible to rely on voting to decide the company's final operational strategy.
If every 1% of Class B shares have one vote, even if 90% of Class B shares agree with the same result, there will only be 90 votes in favor.
Although Bezos only has 10% of the shares, because this is a Class A share, there are 10 votes per 1% of the shares, so Bezos finally holds 100 votes in favor.
100 is always greater than 90, so through such a system, Bezos can always control the company, as long as the stocks in his hands are not less than 10%.
This AB share system looks similar to the previous Netflix and Android systems, and is all about ensuring the founder's absolute control over the company.
However, the control of the AB share system is far less than that of another. After all, even if the latter only has 1% of the shares left, they can control the company's absolute control. However, as long as the shares of the former are less than 10%, there will be no chance.
The AB share system is not a system invented by Bezos personally, but a system recognized as the most appropriate one that the entire world's financial system has been developed after a long period of evolution and development.
First of all, every founder does not want to lose control of the company due to financing. But on the other hand, institutions are not willing to invest. Later, they find that the founder is a beautiful ugly monster. After achieving a short-term success, they will take the company on the road of destruction.
Or maybe this founder is simply a liar, playing with investors' money in applause, they also need ways to restrict the founder.
Therefore, the AB share system has become the best way. If a founder has absolute confidence in his company, he must keep his shares above 10%.
And if he wants to sell all his shares to cash out in advance, he will lose control of the company. This is equivalent to tying the founder firmly to the company and not trying to leave.
It can be seen that Boss Huang is still a little too young compared to those Wall Street institutions. He didn’t know that there was a balanced system like the AB share system, otherwise he would not have signed a very direct way to let the founder take absolute control of the company and finally face him.
Back to the topic, when Oak mentioned the AB share system, Bezos understood a lot of things. He immediately reacted and said, "You hope that I will never take 10% of the shares in my hand, so that I can firmly grasp the company's operating rights, so that even if Jiangnan Group holds 51% of the shares, it will not be able to use its fingers to the company!"
"On the contrary, after the other party acquires 51% of the shares, I will fight against Jiangnan Group everywhere, reject all the decisions of Jiangnan Group, and will not approve the cooperation between Amazon and Western Mustang Wallet."
"This will force Jiangnan Group to acquire more than 90% of its shares, so that Jiangnan Group can completely drive me out, so that we can control the company with satisfaction!" Bezos said.
"You are so smart. You are 95% right, but there is one more thing that's wrong." Oak smiled.
“Which point?”
"You can't completely refuse Jiangnan Group to acquire 10% of your shares. You have to keep hanging him and show that you want to sell the shares, but you just think the price is low and you want more money. You can't hold them a little bit by bit. You will definitely not let Jiangnan Group completely lose the hope of acquiring Amazon until the acquisition price of Jiangnan Group increases step by step until they can't afford it and cannot struggle to get out!" Oak said his final plan.
Chapter completed!