Top of the Great Era

Chapter 3088 Cutting the flesh

"Microsoft?" Zhou Buqi knew about the conflict between Kurian and Microsoft, but he didn't expect him to be so anxious. "He wants you to go against Microsoft? Social business?"

Tang Binchen said: "Yes, it is Helo!"

"What is he going to do?"

"Very aggressive, he wants to turn Helo into a paid product."

"Uh……"

Zhou Buqi now witnessed Kurian's bravery in decision-making.

He was just nominated as executive director, and then he changed the positioning of Helo. You know, Helo can be said to be the core product of Ziweixing International's social business, and it is free to conquer the world.

He dared to use such a big move right from the start, which showed that he had thought about it a long time ago.

Helo overseas is WeChat in China.

To turn a free product into a paid product requires extraordinary courage.

Tang Binchen said, "Give me an explanation. What should we do with Helo? I told Lu Qi about it, and he was also scared. No one can decide this except you."

Zhou Buqi hesitated for a moment before slowly saying, "I want him to be the CEO. I have mentioned many reasons for this. From a business perspective, it is mainly because he is good at making paid products. He has successfully made many paid products. Your past experience and product concepts are all about free products."

"Hmm?" Tang Binchen understood what he meant. "Payment? Are we going to adopt the payment model?"

Zhou Buqi said: "Social advertising itself has hidden dangers. Payment can, to a certain extent, share the potential risks of future revenue."

Tang Binchen was shocked, "Do you really support paying?"

Zhou Buqi said: "Although Helo is the overseas version of WeChat, Helo and WeChat are different. In China, WeChat is the only one and has no competitors; Helo is different, as it has too many competitors."

"What does it mean?"

"I will be back at the company tomorrow, we will discuss it in detail then!"

……

The huge success of Alibaba’s IPO was like a shot of chicken blood for Boss Ma.

He also contacted Zhou Buqi specifically.

Alibaba's IPO will be a landmark event, marking the official entry of China's Internet economy into the forefront and becoming an industry leading the times. In order to commemorate this and to join forces with colleagues at home and abroad to jointly promote the construction and development of the Internet industry, we want to hold a global Internet conference.

In the past, he organized the "West Lake Sword Discussion".

However, the scale was too small at that time.

  They were all domestic Internet entrepreneurs, and they discussed the progress of their companies and the development of the industry together. They also invited Jin Yong to come over. Now the situation has changed, and the Internet can stand up proudly. The companies with the highest market value in China are all Internet companies, which is enough to explain the problem!

It's time to catch up with the international standards.

We should hold an Internet conference and invite Internet professionals from home and abroad to participate, so as to jointly promote global integration and win-win cooperation of the Internet.

For this kind of thing, Boss Zhou must participate!

Zhou Buqi had no choice but to say that he would not organize the meeting, but he could participate. He had already left New York and was going back to Silicon Valley to attend the board meeting.

This board meeting mainly focused on two topics.

The first topic is the change of directors.

The second topic is the new option reward plan.

Now that Ziweixing International is a listed company, it can no longer discuss such a big thing privately like before. Especially the option reward plan, which is indeed not very friendly to small shareholders to a certain extent.

Option incentives are to reward company employees with stocks.

  Where do these stocks come from?

Need to issue more.

The company will issue additional stocks, and then distribute these stocks to the company's management and employees. The core salary structure of Internet companies is stocks. All employees can get stocks. Even the cleaning lady can adjust the salary structure independently and use stocks instead of wages.

Wages must be accompanied by five insurances, one fund and income tax.

No need to issue stocks.

This can also save a lot of costs for the company.

However, once additional shares are issued, the shares held by shareholders will be diluted, and the dilution ratio is not low.

For example, under Ziweixing International’s option incentive plan, if the company’s market value reaches 1 trillion US dollars within five years and remains stable at 1 trillion US dollars for half a year, executives and employees can receive stock rewards with a total value of 400 billion US dollars!

However, the stock value of US$400 billion is calculated based on the future market value of US$1 trillion.

This means a 4% dilution.

If this happened to a traditional company, it would be extremely painful for the shareholders, just like Buffett and Carl Icahn, where the management teamed up with the employees to exploit the shareholders.

Technology companies are different.

This is the norm.

  Anyone who doesn't do this will die!

This is indeed cutting flesh, but cutting flesh is better than dying.

The most important reason why state-owned enterprises are not good at being technology companies, and are not good at technological innovation and technological upgrading is this: the stocks of state-owned enterprises are state-owned assets, and few people dare to give the stocks of state-owned enterprises to senior executives, technical personnel and every ordinary employee in the enterprise.

And cutting losses is a necessary step for technology companies.

Because the technology industry changes so quickly, technology is updated with each passing day.

The competition is too fierce.

The staff turnover is too high.

This stock reward mechanism can not only give employees a sense of "working for themselves", but also provide great motivation for their hard work. In fact, there is a more important relationship, which is the "kidnapping" of employees by the company.

Ziweixing International’s option plan is for a period of five years.

The five-year period means that all employees in the company will be kidnapped for five years!

If you change jobs or leave within five years, then sorry, you will not get the huge stock bonus that was originally yours. In this way, the job-hopping of employees can be restricted to maintain the stability of the company's internal structure.

If there is no such bond of interests, everyone will be looking for greener pastures and constantly change jobs, especially those excellent employees with skills and abilities, who are able to work in any company and can change jobs as they please. If this phenomenon is allowed to continue, no company can bear it and will always be in chaos.

The model of landlords and stewards in the past was a personal dependence relationship.

There are even indentures.

Therefore, the steward must never cut the meat of the landlord's family.

In traditional companies, such as Coca-Cola, business changes are very small and employee mobility is very low. As long as an employee does not make any mistakes, it is basically no different from lifetime employment and can work from young to old.

Technology companies are different. They are full of top talents and they are not worried about not finding a job anywhere, so they change jobs too frequently.

If there is no special means to bind outstanding employees, it is impossible for a technology company to build its own core talent team. They would have been hooked up by headhunters and left for other jobs.

Zhou Buqi held an interim board meeting.

He has the vote.

It's just a formality.

Both resolutions passed.

Tang Binchen and Xu Liangjie both withdrew from the board of directors, and even Yang Zhiyuan submitted his resignation and left the board of directors of Ziweixing International. Only Kurian joined the board of directors this time, and as for whether there will be other new directors added, they still need to be found slowly.

After the meeting, everyone smiled and shook hands with Kurian and congratulated him.

Kurian smiled and expressed his hope to have friendly cooperation with everyone in the future to jointly promote the development and progress of the company.

It was not until he shook hands with Zhou Buqi that he stopped smiling and said seriously, "I have something very important to tell you!"

"Is it related to Helo?"

"That's right! I think Helo needs to change its positioning, it needs to..."

"Let's go! Let's talk in the office!"

Zhou Buqi called Lu Qi and Tang Binchen and went back to the office together.