Sprinkle coins every day

Chapter 398 The employee stock ownership plan is launched, and the layout of the semiconductor industry is accelerated!
The first topic discussed at the meeting was Lu Kai's proposal to establish a regional president.

With the acceleration of the globalization strategy of Sprout Group, Lu Kai suggested that it is necessary to follow the example of other large overseas companies and set up regional presidents in the main target markets.

The most urgent is of course the Southeast Asian market.

Although the Sprout Group already has Sunshine Holdings registered in Xiangjiang, which assumes the responsibility of the group's overseas business department, it is obviously unable to meet the demand.

In particular, the general manager of Sunshine Holdings is still concurrently held by Lu Kai, the rotating president of the group.

As for the one responsible for the development of the entire Southeast Asian market, the main operating body is Sunshine Holdings (Star City) Co., Ltd., and the title is only the regional company manager.

Obviously it doesn't match the responsibilities, and it can't be printed on the business card.

If the title of regional president is added, the grade will be raised immediately, and it will be more conducive to work.

"I agree with the establishment of a regional president, but it can't be done overnight. First, establish the president of the Asian region to be responsible for the group's overseas business in Asia except China."

"The rank of the regional president is set at M11, and if necessary, he can also serve as the vice president of the group."

Zhang Shuo made the final decision.

If necessary in the future, positions such as the president of the Europa region and the president of the Americas region can be established.

But it is clearly not necessary now.

Just like in Europa, although the quality of the Maili X1 is not bad, and it cooperates with local telecommunications companies to launch customized models according to local requirements, the sales volume has not been able to achieve a breakthrough.

Lukewarm.

The budding globalization strategy obviously cannot be achieved overnight.

"As for the candidate for the president of the Asian region, whether it is to be recruited from outside or selected within the group, you should discuss it with the human resources." Zhang Shuo gave Lu Kai a lot of autonomy.

Not only because Lu Kai is the rotating president, but also in charge of the group's overseas business.

on rank.

The newly established president of the Asian region should also report directly to Lu Kai, the boss.

"it is good."

Lu Kai nodded with a smile, obviously in a good mood.

The second topic is the employee stock ownership plan proposed by Executive Vice President Jiang Yue.

"The group has been established for three years. Although it has attracted and retained a large number of outstanding talents through a generous welfare system and employee security system, this is not a long-term solution after all."

"If you want to really stabilize the hearts of outstanding talents and stimulate the subjective initiative of employees to take the initiative, you have to consider some necessary supporting measures in terms of equity incentives."

Zhang Shuo strongly opposed employee shareholding before, but now Jiang Yue raised it at the meeting.

Obviously, it was approved by Zhang Shuo in advance.

Zhang Shuo's business philosophy itself also develops with the development of the situation, and it is not static.

But one thing is certain, that is——

Zhang Shuo is still firmly opposed to Huawei-style employee stock ownership, and most of the profits created by the company, except for taxes, benefit only a small group of people.

The mission of Germination is to return the created wealth to the society.

This is why.

Since the establishment of Germination, Zhang Shuo has not taken even a dollar of shareholder dividends from Germination.

Therefore, the employee stock ownership plan proposed by Jiang Yue this time is still experimental.

It has a strong sense of testing the waters.

According to the plan, the headquarters of Sprout Group will first set up an employee stock ownership platform, namely Chunya Fund, which will exercise shareholder rights on behalf of all employees.

In other words.

Even if employees hold shares, employees only have income rights, but no voting rights.

Secondly, the shares used for equity incentives will not be the shares of the Sprout Group, but the shares of the subsidiaries of the group, which is similar to the operation before the listing of Automobile.com.

The selected target this time is the Green Orange Group.

The reason is also very simple. As a "work" to test the waters of employee stock ownership, first of all, it must be the non-core business of the budding department, and second, it must have a plan for future listing.

The only subsidiary that can meet these two requirements at the same time is Qingcheng Group.

After Green Orange Group has gone through three rounds of financing, within the next two to three years, it may be necessary to promote listing, and Germination Group does not seek absolute control over Green Orange Group.

Therefore, it is the most suitable equity incentive object.

In the future, companies like Pinxixi Group can also be used as equity incentive targets.

"According to the chairman's instructions, the first phase of the employee equity incentive plan is to take out 15% of the shares of Qingcheng Group, and open it to eligible employees to voluntarily subscribe at an internal price of [-] billion valuations."

The valuation of Qingcheng Group's C round of financing has reached as high as 1100 billion, and the valuation of [-] billion is definitely an internal price.

It's the kind of thing you buy and earn.

All the shares of Qingcheng Group will be set at 10 million shares, and the internal subscription price of employees is 10,000 yuan per share. The upper limit of the number of shares that can be subscribed is comprehensively evaluated by working years, ranks, and performance.

The 15% stake in Qingcheng Group taken out this time is 150 million shares in total.

The total number of employees in the Budding Department has exceeded 200,000. Even excluding the workers in the electronics factory and the takeaway boys who were not included in the first batch of employee stock ownership plans, the total number of employees has exceeded [-].

On average, each person can only subscribe for fifteen shares.

Of course, when it is actually implemented, it is definitely not an average shareholding, but the higher the rank, the more shares that can be subscribed. When it comes to the bottom employees, it is likely that they can only subscribe for one share.

"If you want to subscribe, what conditions do you need to meet?" Lu Kai asked with a smile.

"The basic requirement is to have worked in the budding department for three years, and at the same time, the rank of the management position is not lower than the M1 level, and the rank of the technical position is not lower than the P3 level."

In other words.

Germinal's equity incentive this time is not for all employees to hold shares, but only for core backbone talents.

This is also a common practice in the industry.

Just like electronics factory workers, takeaway boys, etc., people are not sure whether they can work in the bud department for three years. For them, compared with equity incentives, high wages and high benefits are the most affordable.

Equity incentive itself is also to retain outstanding talents.

"Uh, this..."

A group of executives looked at each other in blank dismay. Strictly speaking, this condition is not harsh, but Germination is too special, and it has only been established for three years.

Those who meet the conditions right now are probably the employees of the first Qingcheng Xiaozhu acquired by Germination Capital, and even the old employees of Jade Bird Interactive Entertainment will not be able to meet the standards until the end of the month.

And the subsequent executives like Lu Kai, Gu Mingzhang, and Cai Feijuan are even more useless.

Really want this.

Then the equity incentive plan this time will appear to be meaningless.

"For outstanding employees who have not reached the working years but meet the rank standards, the group will adopt the option incentive method." Jiang Yue quickly explained.

For example, Cai Feijuan, the financial director who has just joined the job, will set a KPI performance in human resources. After three years, as long as Cai Feijuan continues to work in Germination and passes the performance assessment.

Then, Cai Feijuan will still be able to obtain the corresponding equity incentives at the same price.

The so-called same price is the promised 10,000 yuan per share.

You know, the most conservative estimate is that after three years, the valuation of Green Orange Group will soar to at least 200 billion, which means that as long as Cai Feijuan meets the performance appraisal standards, she will immediately get twice the investment income.

The market value of the original space-time mold group was once close to 800 billion.

With the huge potential of the Green Orange Group, as a combination of mold and ticking, after listing, it is predictable that the market value will exceed one trillion.

That is more than ten times the return on investment.

And because the objects of this equity incentive are limited to key employees at M1, P3 level and above, the actual objects that can receive equity incentives will be reduced to less than 10,000 people.

On average, each person can subscribe for 150 shares.

And with Cai Feijuan's rank of M10, it is estimated that she can get the subscription rights of [-] shares. If all subscriptions are made, then after seven or eight years, she will be a proper billionaire.

Absolutely cost-effective, but also absolutely attractive!
Through the implementation of this equity incentive plan, plus some other restrictions, such as not being allowed to transfer within three years after obtaining the equity incentive, it can basically ensure the internal stability of the bud system in the next five years.

After four or five years, the second equity incentive can be implemented.

In addition to retaining outstanding employees, the implementation of the employee equity incentive plan this time, because it is a subscription system, can also be regarded as an equity transfer. In the next three years, it will provide up to 150 billion working capital for the Germination Group. , to improve the budding capital chain.

"I'll add one more thing."

After Jiang Yue made an explanation, Zhang Shuo made a supplementary speech: "In view of the fact that at the beginning of 11, during the establishment of Qingcheng Group, Mr. Du Qingqing and Mr. Du carried forward his style and accepted the transfer of 5% of his holdings at a price of 0.5 million. Qingcheng retail shares. The board of directors decided to give Du Qingqing an additional [-] shares in this equity incentive.”

The so-called decision of the board of directors is actually Zhang Shuo's personal decision.

If Qingcheng Retail's 0.5% stake has been held until now, even if it will be continuously diluted in the subsequent rounds of financing, the value will at least exceed [-] million.

Watch now.

Du Qingqing was definitely at a loss.

Because of this, taking advantage of the implementation of equity incentives this time, Zhang Shuo made the decision and gave Du Qingqing a compensation.

note.

It was directly given to Du Qingqing Qingcheng Group's [-] shares, and there was no need to spend money to subscribe.

Worth 10 million just now.

Although it is not enough to completely make up for Du Qingqing's loss, it is enough for her to realize real financial freedom.

Besides Du Qingqing, Zhang Shuo also thought of another person, that is his former administrative secretary, Chen Xiaowan, who returned to his hometown to open a bar after resigning from Germination.

In the end, Zhang Shuo failed to fulfill his promise and did not attend the opening ceremony of the bar.

For Zhang Shuo's decision, Lu Kai and other executives have no objection. You must know that Du Qingqing is an employee number 002 in the Germination Department except Zhang Shuo, the big boss.

Belonging is the elder among the elders.

Du Qingqing was able to obtain such an extra reward, and Lu Kai and the others were only envious of it.Fortunately, with their rank and net worth, it will be very easy for their personal wealth to exceed [-] million in the future.

There is no need to be overly envious.

.........

The third topic of the meeting is related to the semiconductor business.

Proposed by Gu Mingzhang.

"It's good news. Under the lobbying of Liang Song, the executive vice president of Dao Sui Group, Tai Electromechanical has initially decided to invest in the construction of a 28-nanometer advanced wafer foundry production line in Jiangxia."

"Oh?"

In the past week, Zhang Shuo was either overseas or in Shanghai. He really didn't pay much attention to this matter. He asked curiously, "Liang Song, how did you convince Tai Electromechanical?"

"Specifically, I didn't ask in detail."

Gu Mingzhang explained with a smile: "However, there are two conditions for Taiji Electric's decision to build a factory in Jiangxia. One is that Inaosui Group and Taiji Electric should jointly invest, and the investment share must be more than 25%."

A 28nm wafer foundry requires an investment of around 20 billion.

Thai Electromechanical's involvement with Inaosui Group is obviously to share the risk.

"no problem."

Zhang Shuo was eager to join the peace, he had other plans for Taiji Electric.

Just thinking about it, this is another 5 billion investment, and comparing the current funds in Germination's account, he felt a bit of liver pain - why can't the money be saved?

After finally saving enough billions, it seems that I can't keep it anymore.

"The other thing is that Tai Electromechanical requested to sign a long-term wafer foundry cooperation agreement with Changjiang Storage, requiring OEM storage chips for Yangtze Memory."

"Oh?"

Unexpectedly, Zhang Shuo had a big appetite. Not only did he want to win the foundry contract of Zhulong chip, but he also set his sights on the memory chip foundry of Changjiang Storage.In addition to the commercial interests of Tai Electromechanical, it is estimated that there is exclusion, or the meaning of restricting the development of Weijing Semiconductor.

even though.

Liang Song's employment has been forgiven by Thai Electromechanical, but the latter must still be jealous of Liang Song.

We don't want Weijing Semiconductor to become bigger and stronger.

"We can hand over part of the advanced manufacturing contract to TEC." In order to stabilize TEC and seduce TEC to Jiangxia, Mengya can only make a little sacrifice at the moment.

"it is good."

Gu Mingzhang nodded and wrote it down.

"By the way, where is the construction progress of the packaging and testing factory invested and built by Licheng Technology in Jiangxia?" Zhang Shuo was concerned about another matter.

The chip production can be handed over to Thai Electromechanical, and the packaging and testing must be done by Inao Group itself.

To know.

One-third of the manufacturing cost of a chip is spent on packaging and testing.

"It is expected to be completed in March next year, fully catching up with the 28nm wafer foundry of Tai Electromechanical, including Weijing Semiconductor's 40nm wafer foundry in Luzhou."

"Very well, we must coordinate each other's progress."

The next one or two years will be a crucial year for the development of Dao Sui Group.

.........

In the afternoon, the President's Office announced the main framework of the first phase of the employee stock ownership plan of the Germination Department in an internal open letter. Not surprisingly, it aroused heated discussions internally.

"The cute king is mighty!!!"

I don't know when it started, even the budding employees like to call Zhang Shuo nickname.

It seems that this is more kind.

"I am envious of the first batch of old employees. After the subscription, I am close to financial freedom."

obviously.

People with different incomes also have different definitions of the standard of financial freedom.

"Mengwang is still eccentric. He only gives equity incentives to employees above M1 and P3. As a low-level mover, I am very envious!!!!"

"It's not difficult to get a hammer if you want to get equity incentives and work hard."

This is true.

Anyone who has worked for three years and has not reached the M1 level in the management post, or the P3 level in the technical post, can explain the problem in itself, either because of poor ability or not hard enough.

As a big company, involution is normal.

There's no reason to be worse, isn't it?
Especially in the Internet industry, or in R&D positions, young people actually have a greater advantage. Those who are truly capable and motivated can emerge in the first few years of work.

The news spread to the Internet, ushering in the envy of more people.

"Well, it's someone else's company again, sour, sour."

"Is it still too late to change jobs to sprout? (dog head)"

"Merger's employee stock ownership plan this time looks bluffing, but it's actually quite a thief. Not to mention the need to subscribe, it's the shares of the subsidiary."

"Upstairs can't eat grapes and say grapes are sour. What's wrong with the subsidiary's shares? The valuation of Qingcheng Group is over [-] billion, and it's ranked fourth in the entire Chinese Internet industry."

"That's right, not to mention a group subsidiary like Qingcheng Group, but Germina just randomly took out a secondary subsidiary, such as Autonet, Tuba Rabbit, and Xiami Music. It's enough to make people drool."

"This is the charm of the Big Mac..."

"Look, after a few years, when Qingcheng Group goes public, there will be a group of multi-millionaires, even billionaires. I really can't envy them."

"Who said reading is useless?"

Netizens are just envious, but giants like Tengda and Ari smile wryly after getting the news. The reason is very simple, Germination has made up the last shortcoming.

In the future, if you want to dig people from the bud, it will not be so easy.

.........

Zhang Shuo didn't go to the company the next day, but plunged into the library of Binhai University.

Continue to charge.

When eating at noon, Cai Miaomiao came over and whispered, "Brother, can Mengya Investment buy Miaomiao Bike?"

"why?"

Zhang Shuo was inexplicable.

"After the acquisition, I'm also an employee of the Germination Department, and I can also get equity incentives." Cai Miaomiao is so confused that it's hard to imagine that he is still in his freshman year.

this kid.

How did it suddenly become like this before?
As everyone knows, it was Zhang Shuo, the role model of a brother, that made Cai Miaomiao "degenerate".

"Don't think about these things."

Zhang Shuo glared at Cai Miaomiao, "Even if it is acquired, I will give you equity incentives. Do you have the money to subscribe?"

As far as he knows, although Cai Miaomiao is the CEO of Miaomiao Bike, Miaomiao Bike has been in a state of loss, and her CEO only receives a basic salary.

There is no money on hand.

"I can ask you to borrow it."

"Me? Forget it. I'm a poor person myself. Even your sister-in-law recharged the meal card." As soon as these words came out, Gu Xiaoxi, who was sitting opposite, blushed a little.

"Brother, you are such a scum!!!"

After learning the truth, Cai Miaomiao was also shocked, "Eat soft rice, and eat so confidently."

"What's so embarrassing about relying on ability to eat soft food?"

Zhang Shuo's face has long been cultivated to be thicker than the city wall. After knocking on Cai Miaomiao, he couldn't help but teach him a lesson: "Manage Miaomiao bicycles well, learn more, practice more, and don't always think about money."

"Oh"

Cai Miaomiao drooped her head at once, and her whole body became limp.

.........

Friday, April 6.

Tang Xiang, the president of Mango Group, made a special trip to Binhai City to report to Zhang Shuo in person.

In the past week, Tang Xiang can be said to be the busiest executive of the Germination Department. Taking advantage of the popularity of the Mango M1, he has traveled almost all the first- and second-tier cities in China.

We must be busy signing strategic cooperation agreements with various cities, promoting the opening of green licenses, including Mango M1 in the new energy subsidy list, and building charging piles, experience centers and other supporting facilities.

It is also necessary to grasp the production and marketing of Mango M1.

At the same time, it has to deal with countless suppliers, delineate a new supplier list, and at the same time promote suppliers to build factories in Linhai, the magic city, to form an agglomeration effect with the mango super factory.

In order to meet Tang Xiang, some supplier representatives directly accompanied him all the way around.

Also no one.

It can be seen that Tang Xiang has become an iconic figure in the field of China's new energy vehicles.

It can be said to be famous in one battle.

In order to promote Mango Auto, he had to take the time to accept interviews from major media and TV stations.

Prestige is second to none.

After everything came to an end temporarily, Tang Xiang didn't dare to neglect, and hurried to the headquarters to meet with the big boss. In addition to reporting the work results of the past week, the main thing was to discuss follow-up arrangements.

For example, the tone of the follow-up model of the Mango M1.

Don't look at how beautiful Tang Xiang is outside, he seems to be a great figure, but he knows in his heart that the big boss Zhang Shuo is the soul of Mango Group.

The indispensable kind.

He is top-notch, that is to say, a good executor.

That's it.

Fortunately, Tang Xiang didn't drift away, and he was still able to keep a clear head in front of the huge honor.

That's pretty good.

(End of this chapter)