Top of the Great Era

Yang Mi was very quiet by the side, obediently making and brewing tea without making a sound.It's important to know what they're talking about, but not what.

Zhou Buqi congratulated Boss Ma, who took back Ali's absolute control, and the big plan was basically completed.

However, there is still a little doubt.

Yahoo's capital shareholders all want to clean up Yang Zhiyuan, the scourge, and let him leave the board of directors.But Yang Zhiyuan's influence is too great to be cleared away.

So both sides took a step back and reached a compromise.

Yang Zhiyuan agreed to leave Yahoo's board of directors and give up some positions in Yahoo in exchange for two conditions that he believes are beneficial to Yahoo's future development.

One, hire PayPal president Scott Thompson as Yahoo's next CEO.

Second, by selling 20% ​​of the shares to Ali, it will alleviate the current cash flow crisis of Yahoo.

But here comes the question, how can he guarantee that these two conditions can be implemented?
He has already left Yang Zhiyuan, the board of directors controlled by the capital, wouldn't it just kill the donkey?

More importantly, Zhou Buqi has already met Carl Icahn, which is a big threat.

Zhou Buqi said worriedly, "Are you sure you can get the shares back?"

Boss Ma was very relaxed, and said with a smile: "Almost, it's basically set. After the Christmas holiday, there is also the New Year's Day holiday. After the New Year's Day is over, the official announcement can be made."

"No..." Zhou Buqi waved his hand, "Are you not worried at all? If Yang Zhiyuan is out, it will be completely useless. How can you guarantee that the management will abide by the conditions?"

Boss Ma laughed and said: "The resolution of the board of directors cannot be changed just by changing it, it must be bound by terms."

Zhou Buqi said: "Even if the board of directors approves the nomination of Yang Zhiyuan and appoints Thompson as CEO, after he is out, the board of directors controlled by the capital will find a reason to fire him after a while? Then replace him with someone who can The CEO who pushed for Yahoo's dismemberment?"

Boss Ma doesn’t think so, “The board of directors is not just a play, how can you replace the CEO casually? The more the board of directors is controlled by the capital, the less likely it is to replace the CEO easily. They change the CEO continuously in order to make money. Let Yahoo’s stock price be lower, and it will not be able to sell at a higher price?”

Zhou Buqi said: "It's not a good reason."

Boss Ma seemed very confident, "The sole purpose of capital is to make money. Why did the capital dismember and sell Yahoo? Because they think that the company has lost its future under the control of Yang Zhiyuan. Now he is going out. It’s like having one more choice.”

"Makes sense."

Zhou Buqi nodded, thinking that this reason is quite sufficient.

When Yang Zhiyuan was still on the board of directors, the biggest wish of the management was to split up and sell the company, because they were already desperate.Yang Zhiyuan has made mistakes in too many major strategies. They have lost hope and sold early to get out.

But Yang Zhiyuan left the board of directors, which is different.

Splitting and selling Yahoo is still a very important choice.

But for the board of directors controlled by the capital, without the restraint of Yang Zhiyuan, maybe they can really run Yahoo well... At least when it comes to major decisions, they can make according to their own ideas.

Everyone knows Yahoo is seriously undervalued right now.

Selling Yahoo now is a disadvantage.

If after the new CEO takes office, Yahoo's stock price can rise steadily and be recognized by the market, and even complete the recovery, of course, it will be the best result for the management.

The management is to make money, as for who the CEO is, it doesn't matter that much at all.As long as it can make money for the management, it doesn't matter even if the CEO points their noses and scolds them every day.

This is exactly what Yang Zhiyuan expected.

In other words, if Yahoo gets better and better after the new CEO Scott Thompson takes office, then Yang Zhiyuan's goal will be achieved.

He is an entrepreneur's mind, in order to make Yahoo better and better.

The purpose of the capital has also been achieved.

In this way, differences are resolved.

Boss Ma said: "If Yahoo is still the same after Scott Thompson becomes CEO, so that the board of directors controlled by the management is disappointed, then he will definitely be fired. Even if Yang Zhiyuan is still on the board, he will be fired. Therefore, whether Yang Zhiyuan is on the board of directors has nothing to do with Thompson's future career development. It is impossible for the board of directors to fire him without reason."

Zhou Buqi caught his words very accurately, "Yes, for no reason."

"Ok?"

Boss Ma raised his eyebrows.

Zhou Buqi narrowed his eyes, "That is to say, as long as there is a reason, the board of directors can fire him."

"Of course." Boss Ma smiled, "However, Yahoo is in such a mess now that the board of directors must give him a certain amount of time to sort out the business. The performance results of one or two years will not shake his position, and at least three years must be given to him. time."

Zhou Buqi's thoughts gradually connected, and he smelled a deep conspiracy, "What you said is normal, but I'm afraid that some special events and accidents will happen."

Boss Ma was slightly taken aback, "What do you mean?"

Zhou Buqi said: "If this Scott Thompson broke the law, murdered, set fire, robbed and stolen, it doesn't matter whether you have been in office for ten days or half a month, should you step down or not? This special situation can break the new CEO. There will be no resignation in time."

"how is this possible?"

Boss Ma felt a little baffled.

Zhou Buqi said: "If such a special situation really happens, the board of directors can immediately remove him and replace him with a CEO that the management likes. After that, he will completely give up treatment and promote the split and sale of Yahoo. All of Yang Zhiyuan Long-term plans are meaningless.”

Boss Ma felt that this kid was thinking too much, "Before hiring, I did due diligence, so I don't have that kind of worry."

Zhou Buqi doesn't think so.

Because Scott Thompson was previously the CEO of PayPal.

Carl Icahn has been eyeing PayPal for several years, and wants to spin off from eBay and go public independently.Coincidentally, there is also Carl Icahn's shadow behind Yahoo.

Before this, Carl Icahn also revealed some tone with Zhou Buqi.

Although what he said was very cautious, Zhou Buqi could also taste some meaning from his words.

Carl Icahn said he would take Yahoo out within three years!

After getting Yahoo, he went back to PayPal!

Carl Icahn's investment philosophy is not the same as Buffett's. He will not see that Yahoo is undervalued by the market, and then buy Yahoo's stock generously, and then hold it for a long time for value investment.

In other words, Yang Zhiyuan's long-term plan is completely opposite to Carl Icahn's philosophy.

Carl Icahn only wants to sell Yahoo in a short period of time. He is not interested in waiting for Yahoo to grow and make money slowly.

If Scott Thompson performs well in Yahoo, the stock price will gradually rise, and the development will get better and better... This is in line with Yang Zhiyuan's plan, and it is also a very good result for most capital investors.

Only for Carl Icahn, it is an unacceptable result for him.

He can't see Yahoo getting better!
There must be chaos inside Yahoo, so that the dismemberment of Yahoo can be better operated, and the simplest and most direct sales and sales can be carried out all the way... one hand delivers the goods and the other hand collects money.

Let's work together, call it a day!
This is what Carl Icahn is best at making money.

Therefore, Carl Icahn can't see Scott Thompson's achievements at Yahoo, and the worse he does, the happier he is.

But here comes the problem again. Scott Thompson is a capable person with a high level. Under his leadership, PayPal has developed very well, and even laid out the mobile Internet market early. He has an extraordinary vision and is an excellent profession. Manager, that's why Yang Zhiyuan took a fancy to him.

For Carl Icahn, the case of greatest concern right now is Yahoo.How could he tolerate such an excellent Scott Thompson joining Yahoo as the new CEO of Yahoo?

What if Thompson really turned Yahoo for the better?
Carl Icahn has been working on eBay and PayPal for several years and has a lot of influence.If he comes forward to operate, in exchange for no longer wooing various forces to split PayPal in a short period of time, requiring eBay to retain Scott Thompson no matter what, then it will be really difficult for him to jump from PayPal to Yahoo.

Zhou Buqi was silent for a long time.

After such a dismantling, he seems to have seen a possible answer.

If Carl Icahn wants to deal with PayPal, he must create chaos within PayPal, but Scott Thompson is too good, so he must start with this person first.

Maybe Carl Icahn figured out what Scott Thompson was up to so he could target PayPal.Unexpectedly, Yang Zhiyuan fell in love with Scott Thompson and wanted to recruit him to Yahoo.

This should be a pleasant surprise for Carl Icahn.

I happily worked behind the scenes and planned with several directors of the capital, and then accepted Yang Zhiyuan's proposal and agreed that Yahoo's next CEO would be Scott Thompson.

And took advantage of the trend to ask Yang Zhiyuan to leave Yahoo's board of directors.

When Zhiyuan Yang left Yahoo's board of directors, Scott Thompson became the new CEO of Yahoo. Before he could sit still, Carl Icahn suddenly threw out the black material in his hand and used special events to attack Scott Thompson. !Let Yahoo's board of directors have to remove the newly appointed CEO.

In this way, Yahoo made things worse and collapsed even more.At this time, Yang Zhiyuan, who was able to wrestle with the management within Yahoo, was out of the game and was no longer on the board of directors.

Carl Icahn can settle down and be done.

Although these are all speculations by Zhou Buqi, he combined information from various sources and analyzed it based on Carl Icahn's past experience, and felt that this was the truth hidden behind the Yahoo case.

Seeing that Zhou Buqi remained silent, Boss Ma was very surprised, "What's wrong? Is there a problem?"

Zhou Buqi shook his head.

Boss Ma was not worried at all, and said with a smile: "According to what you said, it has nothing to do with us anyway. Even if something unexpected happened as you said, it doesn't matter. The most is to fire Scott Thompson and replace him." It’s just a new CEO. Ali repurchased the 20% of the shares. This is a resolution that has been passed and cannot be changed. You just need to prepare the money and prepare to take over.”