Reborn, you call this an honest person?

Chapter 221 The Facebook management dispute

Zach recovered from Shan Menghan's question and said,
"Hello, Mrs. Wang, I'm sorry to disturb your rest. It's like this. Facebook has a board meeting today. Mr. Wang's friend, Ms. Lin Wenying, will compete for my Facebook management right at the board meeting. At the time, Wang The investment that Mr. brought in originally supported me,
In the end, because Lin Wenying used some means and most of the shareholders brought by Mr. Wang supported her, so I called Mr. Wang just to ask him for help and win over several shareholders to support me. "

"Lin Wenying, is she going to snatch the president of Facebook?"

Shan Menghan was a little surprised. Although Wang Heng said that Meituan would have the size of Pinxixi, but after all, she hadn't, so she was thinking that it would be difficult to get the CEO of Meituan. She saw that Wang Heng was unwilling,
I didn't expect Lin Wenying to be even more fierce. Facebook's valuation is 150 billion US dollars, and now because of Microsoft's joining, the valuation has already soared to more than 200 billion US dollars.

There are now 100 Meituan companies. Lin Wenying even dares to get involved in this. Why can't she be the CEO of Meituan?

Thinking of this, she wants to support Lin Wenying's fight for the management of Facebook.

It is too difficult to give birth to Wang Hengsheng, and although the 5 million cash reward is a lot, she prefers this kind of control over Meituan.

"Yes, Ms. Lin Wenying is just a college student who has dropped out of school. She has no experience at all and is not capable of managing Facebook well. If Facebook is handed over to her, I think it will be a disaster for Facebook! "

"Didn't you drop out of school too?"

"No, no, I'm different, I created Facebook, and no one knows Facebook better than I do."

"But what I know is not the case. The idea of ​​Facebook comes from the Winklevoss brothers. They asked you to build a website. You use their ideas to make Facebook and keep it for yourself. You are a thief."

Lin Wenying needs to compete for the management rights of Facebook, so she will naturally investigate Zach's black history, while Shan Menghan wants to make a career, so she will naturally pay attention to the most valuable company in Wang Heng's hands.

So Shan Menghan also knows some relevant information on Facebook, not to mention that the Winklevoss brothers and Zach have already gone to court, and Zach can't cover up this kind of news.

After hearing Shan Menghan's words, Zach's face turned green. Is this still a friendly army? Who is this helping?

Seeing that the friendly army turned into the enemy army, Zach didn't care about the embarrassment, so he simply reported the news directly.
"Mrs. Wang, Ms. Lin Wenying has an improper relationship with Mr. Wang. Mr. Wang has lived with Ms. Lin Wenying in the United States several times, so our interests are the same, and Ms. Lin Wenying cannot be allowed to succeed."

When Shan Menghan heard Zach's complaint, she looked back at Wang Heng. She didn't know whether Wang Heng was supporting Zac or Lin Wenying. After all, Facebook is so big.
Although Lin Wenying is Wang Heng's girlfriend, but now that Xiao Yan has given birth to Wang Heng's son and moved into Wang Heng's house, everyone said that it is preconceived, so Lin Wenying's chances of winning are not as big as Xiao Yan's.

So Lin Wenying and she should belong to the same school. They are in the same university and belong to the same man. Shan Menghan and Lin Wenying feel a little bit sympathetic.

Zach said that Lin Wenying was wrong, which was equivalent to saying that she was wrong, so Shan Menghan took a look at Wang Heng and hung up Zach's phone directly.
Seeing that Shan Menghan hung up the phone without saying a word, Zach thought that the complaint had worked, so he happily waited for the shareholders meeting in the afternoon,
After Shan Menghan hung up the phone, Wang Heng asked who was calling and what was the matter.

Shan Menghan didn't want to hide it either.

"Zach from Facebook called and said that Lin Wenying is going to compete with him for the management of Facebook. They are about to hold a shareholder meeting. Zach wants you to help him win over some shareholders to help him."

"Oh, it's Zach. Leave him alone. He's not clear-headed. He called me even though he knew that Lin Wenying was my woman. Moreover, Wenwen wanted to take over the management rights of Facebook because of my orders. Go to bed."

Wang Heng also doesn't know the other shareholders of Facebook, and his other equity has been authorized to Lin Wenying to manage, so he can't help Lin Wenying,

After hearing Wang Heng's words, Shan Menghan's desire to control Meituan became stronger again. Since Lin Wenying can control Facebook, why can't she control Meituan?
………………

Beautiful country, at 2:30 in the afternoon, Facebook held a general meeting of shareholders, most of the shareholders were present, and those who were not present authorized representatives to come.
For example, Sean is in prison, so his representative came,

For example, Wang Heng, his 5% equity voting rights are authorized to Zach, it doesn’t matter whether he comes or not,
Savarin, who is Zach's number one enemy, came to the venue early,
At the beginning, he owned one-third of the shares of Facebook, but Zach used means to drive him out of the management, and also diluted the shares. The hatred between the two has long been irresolvable.
When Lin Wenying found him, he immediately agreed to support Lin Wenying and Zac in the struggle for power. It would be best if Lin Wenying won, and he could also drive Zack out of Facebook's management just like Zack drove him out.

He came here to watch Zach make a fool of himself. Although he owns the equity of Facebook, Facebook usually doesn't need to notify him of anything. He can only show his face at the shareholder meeting, so he must come here.

Zach was also upset when he saw Savarin, not to mention that Savarin's vote must have been won over by Lin Wenying,

He has no idea how many of the investment companies that Wang Hengla came to support him, but it doesn't matter on the surface, the equity that supports him has exceeded 52%.

So even if Lin Wenying wins over all the shareholders brought by Wang Heng, plus Savarin is only 47%, he has the advantage,
As for why he called Wang Heng for help, it was because he had a bad feeling when he woke up in the morning.
When the time for the general meeting of shareholders was up, Zach came to the stage to interrupt the discussion below, and said in a deep voice,

"The convening of this shareholders' meeting was initiated by Ms. Lin Wenying. The purpose is to fight for the management rights in my hands.

Everyone should understand the harm caused by capital snatching management rights and driving the founder to step down. For the common interests of everyone, please cast your votes seriously. "

This shareholders meeting competes for management rights, even 1% of the shares have voting rights, because only more than 50% can decide the outcome,
So even the representative of Microsoft, who owns a little more than 1% of the shares, is also present. Of course, he is generally not needed, unless Lin Wenying and Zach get 50 votes first, and the votes in Microsoft's hands can play a key role. ,
Lin Wenying won't be at a disadvantage for Zack's votes. Although she has already secured the victory, she still has to go through the procedures that should be followed.

"It is well known that the idea of ​​Facebook came from the Winklevoss brothers, they took the idea of ​​Facebook to Zach to design the website,
However, after Zack made the website, he took it as his own. This kind of thief behavior was eventually sued by the Winklevoss brothers. Wan pays for him,
In this regard, I have reason to believe that the Winklevoss Brothers will go back on their word when Facebook’s valuation rises or goes public in the future, and they will continue to bring up the old story again.

Therefore, in order to prevent Zac from causing damage to the interests of all shareholders and causing serious difficulties and impacts on the company,
I suggest replacing the CEO in time, readjusting the company's development strategy, and allowing more capable people to continue to lead Facebook forward and create better and more benefits for everyone, so please vote carefully. "

Lin Wenying didn't use Zac to dilute Savarin's equity, and kicked him out of the management to talk about the matter.
Because Zac did this under reasonable and legal conditions, and it cannot be ruled out that Wang Heng will dilute the equity of other shareholders in the future.

Nor can it be said that Zack completely stole the idea of ​​the Winklevoss Brothers,

In the beginning, in order to get revenge on his ex-girlfriend, Zach created an online photo library software, which included photos of all Harvard girls, allowing others to rate their appearance.

Zach made this website just to gain a sense of presence, but its popularity was beyond expectations, attracting 2 visits within two hours, and even caused Harvard's network to be paralyzed.

Then it attracted the attention of the Winklevoss brothers. After the picture storm, the two brothers found Zach and proposed a bold and never-before-attempted entrepreneurial idea-online social network.

At first the network will be named "Harvard Fraternity" by the three, and its main function will be to provide Harvard students with the possibility to find dating partners online.

What Zach needs to do is to provide technical support for the Winklevoss brothers.

Zach showed a strong interest in this, and he verbally agreed to join the Winklevoss brothers.

However, in the following months, after Zach smelled the future of this website, he found various reasons to refuse to meet with the Winklevoss brothers.

Then came the birth of Facebook in early 2004, and the Harvard fraternity was naturally stillborn.

The Winklevoss brothers believed that Zach plagiarized their ideas, and they appealed to the Harvard School Board, but did not receive a response from the school.

So they took Zack to the court, and the lawsuit lasted for a long time. It was not until 2008 that the two parties reached a settlement agreement. The two brothers received $2000 million in cash compensation and about $4500 million in Facebook stock. .

On the eve of Facebook’s listing in 2011, the valuation exceeded 1000 billion U.S. dollars. The Winklevoss brothers saw that Zach’s previous compensation of 6500 million was too little, and took Zack to court again, but this time it was directly rejected by the court. up,

In the parallel world, Zach and the Winklevoss brothers fought a lawsuit for 4 years. It was not until 08 that Zach chose to settle because he had no money.

In this world, Wang Heng raised one billion yuan at one time, so Zac reconciled with the Winklevoss brothers very early.

Zach's stain cannot be washed away, so he can only watch Lin Wenying bring it up on the board of directors and say,

In addition, the Winklevoss brothers are well-known bad boys, and the shareholders present have obviously heard of their reputation, so the situation on the scene is very unfavorable to Zach,

Zach did not argue, and said directly,
"Everyone, Ms. Lin Wenying is only a student at a third-rate university in China. She took a leave of absence last year to join Facebook as an intern.
During the internship period, I did not make any contribution to Facebook. If you believe this Ms. Lin Wenying, let her obtain the management rights of the company,
I believe that under her leadership in the future, instead of increasing the value of your equity, it will shrink the value of your equity. Therefore, for the future of the company, please vote for me. "

Lin Wenying did not lose the wind, and retorted,

"The company is handed over to Zack, who is monopolizing the power. If it is handed over to me, I will form a Facebook senior management committee and choose 6 executives to manage and develop the company with me. I believe I will be more qualified than Zack. Internet CEO."

The so-called seven-member management committee has no effect at all. As long as Wang Heng holds the controlling stake, he can become the chairman of the board and replace the company's management at any time, so Lin Wenying's words are considered deceitful.

…………

Zach and Lin Wenying on the stage, you come and go to canvass for votes,
All shareholders in the audience began to vote, and the fixed votes of the two were cast first.

Lin Wenying managed the remaining 42% equity representatives of Wang Heng, and directly voted for Lin Wenying.
And Zack's management, and the original angel round investors, almost 46.6% of the shares also voted for Zack,
Now there are three people who did not vote, one is Sean representing 4.75%, one is Microsoft representing 1.34%, one is Savarin 4.75%,

Savarin didn't vote for Zach, Zach knew it well, but he didn't think that Sean's representative didn't vote either,
You must know that the first CEO of Facebook was Sean. Although Zach is the founder and major shareholder, he is in charge of technology.

At the beginning, the management of Facebook was in the hands of Sean, and after Sean entered, he handed over the management to Zach, who is a technical engineer.

So Zach would never have thought that Sean would turn against the water. Seeing that Representative Sean hadn't voted yet, Zach couldn't help but said,

"Didn't Sean tell you to vote for me? Why are you still hesitating?"

Then Savarin laughed,

"Zach, you have today too, hahahahaha... Don't dream, I'll just tell you, in order to pull you down, I chose to reconcile with Sean, so his vote is for Ms. Lin Wenying of."

Said Savarin voted for Lin Wenying, now Lin Wenying has 47 votes,

The 1.34% in the hands of the representative of Microsoft didn't work at all, so he abstained directly, sat on the sidelines and watched the excitement,

The audience was waiting for Sean's representative to express his opinion. At this time, Sean's representative felt that he had reached the pinnacle of his life.

The ownership of a super enterprise valued at 200 billion US dollars will be decided by him, he almost peed,
He even has the power to really decide such a big event by himself, a little ecstatic,
At this time, no one bothered him anymore. Although Lin Wenying got Xiao En's promise, it was a verbal agreement after all.

Sean has the right to renege at any time, unless he directly writes a power of attorney to her,
Of course, Xiao En's representative did not have the right to make decisions for himself. After enjoying the highlight moment for a while, he decisively voted for Lin Wenying.

At this moment, the shareholders represented by Lin Wenying cheered on the spot,
However, the shareholders represented by Zach are somewhat dejected,

Zach never thought that he would lose. Obviously Wang Heng supported him. So many investment companies were drawn by Wang Heng. As a result, except for Wang Heng himself, all other votes followed Lin Wenying.

Wang Heng is so useless that none of the shareholders even pulled him over.

The other is Sean, Sean's betrayal made him unexpected, he suspected that no one doubted Sean,

However, he never thought about how reliable a person who betrays his brother can be. As long as the benefits are sufficient, Sean will naturally betray Zach.
Everyone knows how useful the US dollar is in the beautiful country?Isn't it easy for Lin Wenying to buy a prisoner with a huge amount of dollars from Wang Heng?
Although Zach can also use Facebook's funds to give Sean a comfortable environment, of course this is illegal, so he is subconsciously unwilling,

The 6000 million cash was reconciled between the Facebook company and the Winklevoss brothers, not Zach himself, so no one in the company can stop Zac from spending it.

(End of this chapter)