Beiyang 1917

Chapter 32 The Birth of the New Pfizer

After the death of Charles Pfizer Sr., the founder of Pfizer in 1906, 48-year-old John Anderson officially took charge of Pfizer. Charles’ son, Amy Pfizer, served as the president of the company. William Earhart, the son of another founder of Pfizer, Served as Vice President. {Fastest Text Chapter Read}

The troika has gone through 11 brilliant years under the leadership of John Anderson. Under the leadership of Anderson, the original shares of Pfizer were reorganized in 1910. The four shareholders each own 250 shares of the company. Pfizer is currently Based on the total assets of 600 million US dollars, each share is worth 600 US dollars.

John Anderson urgently convened the board meeting at Pfizer's headquarters, but the process did not go as smoothly as he expected. President Amy Pfizer firmly opposed Anderson's proposal from the very beginning, but Vice President William Earhart supported it.

If there is a vote at this time, although the number of people is 2:1, the problem is that in addition to holding her own 25% of the shares, Amy Pfizer also represents the 25% of the voting rights held by her sister's family on the board of directors!

The three-person board formed a stalemate. Amy Pfizer, who had always respected John Anderson, showed her rebellious and stubborn character for the first time. Although she didn't say that Anderson was betraying Pfizer, her expression was quite ugly!

Chief chemist James Currie and his assistant Jasper Kane were on the emergency board.

In fact, neither John Anderson, Amy Pfizer, nor William Earhart had any doubts about the feasibility and credibility of the new technology of Wang Geng's citric acid confirmed by James.

On the contrary, Amy and William were as excited as Anderson was in front of Wang Geng back then, that's how it feels when the rain comes after a long drought.

The focus of the debate is that the Pfizer family will lose the controlling stake, or that the four existing Pfizer shareholders will lose the controlling stake. This is unacceptable to Amy Pfizer. Although the company is now at the helm, he actually only owns 25% of the shares. Shares, Pfizer and the Earhart family own 75% of the shares.

Now for the invention of a new citric acid process, the Pfizer family has to give up the controlling stake. As the son of Charles Pfizer, Amy Pfizer can't convince herself no matter what!

"Amy, I understand your feelings. Wang Geng has also made a promise in this regard that Pfizer's name will never be removed from the company's name!"

Anderson knew that he was in an embarrassing situation. As a chairman with a foreign surname who was not a member of the two founder families of Pfizer, from the first day he accepted Pfizer, all kinds of gossip and rumors have not stopped. In fact, his shares in Pfizer , also increased from the earliest one share to 1910 shares through the equity restructuring plan in 250!

Not to be envied as a genius, Anderson believes that his loyalty to Pfizer is invincible, but the value of his life must also be reflected in the return of benefits?

"So what, without the controlling stake, what value does the word Pfizer have in the company?" Amy blushed.

"Brother Amy, my opinion is different from yours. If Pfizer misses Wang Geng's invention of the new citric acid process, then within two years, the name Pfizer will no longer be found in the citric acid market."

Although William Earhart is just like his father back then, he is just an honest man who is quick to act and talk in the position of vice president, but this time he is firmly on the side of Anderson. In his opinion, any competitor If Wang Geng's new technology is obtained, it will be a fatal blow to Pfizer.

"Amy, William is right. I thought the same thing as you at the beginning, but if we don't seize the opportunity in front of us, we will be caught by other companies. Although the young man named Wang Geng looks modest, In his bones, there is a kind of strength that looks down upon all living beings!

And I guess he must have left behind. If we reject him, he will either set up his own company or cooperate with other companies. At that time, Pfizer will lose its market share in citric acid. What's the use of having a controlling stake?Pfizer may not exist anymore! Anderson took a sharp puff on his cigar.

At one end of the conference table, Amy Pfizer smoked a cigarette fiercely and said nothing, obviously struggling in the battle between heaven and man.

"Amy, despite the fact that we only have 35% of the shares left, but if Pfizer can monopolize the US market, our 35% revenue will be more than the original 100%, not to mention the European and global markets waiting for us !"

What William said made sense, and Anderson was impressed by this fellow's performance today.

In fact, William Earhart is complaining about his cousin who is not enlightened. In terms of negotiating skills and ability, who in Pfizer is better than old Anderson? If it were you, Amy, who went out to negotiate, you might not be able to get 35% of the shares. arrive.

Moreover, William had a vague feeling in his heart that Wang Geng was not so much looking for cooperation with Pfizer, it was better to say that he was looking for Anderson and James Curry and his assistants in front of him. If Amy insisted on vetoing the director Chief Anderson's motion.

What will happen?William shuddered. With Anderson's proud and strong leadership style in the past ten years, if he was rejected at this critical moment, it would undoubtedly mean that his authority in Pfizer had been violated and hit.

The old Anderson didn't even have to wait for Wang Geng to shake the olive branch, he could take the initiative to resign and jump to follow him. Pfizer, which lost Anderson and the new technology of citric acid, could almost close its doors and go out of business!Williams thought.

And old Anderson is very familiar with negotiation skills, even on his own board of directors. James Currie and his assistant are talents he dug out by himself. These two guys were made by the note left by Wang Geng Fascinated, if he rejected Wang Geng, let alone himself, James and Jasper would definitely be recruited by Wang Geng's olive branch.

Anderson's chips on the board of directors were also taken step by step. The good news came first. The New York hero who dived from the Brooklyn Bridge to save lives actually came up with the invention of a new technology of citric acid and wanted to cooperate with Pfizer!

This can solve Pfizer's urgent needs, and naturally no one on the board of directors objects!With James Curry's confirmation on the technical level, no one questioned its authenticity and reliability.

Then Anderson broke the bad news. The other party asked for a discount of 1120 million U.S. dollars, and Pfizer was reorganized into a new Pfizer with a registered capital of 1720 million U.S. dollars. The other party will own 65% of the shares!

This caused Amy Pfizer's strong dissatisfaction, and the differences on the board of directors resulted from this!What Amy meant was that Anderson had forgotten the promise he had made to his father, that he would never betray Pfizer!

Alright, then Anderson threw out the bargaining chip he won from Wang Geng's negotiation: "The word Pfizer will never be removed from the company's name!"

Now it's hard to argue that my old Anderson betrayed Pfizer?Pfizer will always be in the name of the new company, and the Pfizer family as the founders will never be forgotten!

Despite Williams' persuasion, Amy still stubbornly put the focus of the disagreement on the dispute over control rights, and on the possibility that the rights and interests of the company's management and employees may not be guaranteed!

Anderson deliberately sighed, then threw another heavyweight chip,

"Although Wang Geng asked for 65% of the shares, he agreed to use another 65% of his 14% as an option incentive to distribute rewards to Pfizer's management team, technical backbone and all employees. Retained 51% of the equity!"

Anderson's words shocked everyone in the conference room. James Curry and Jasper Kane's eyes lit up when they heard it. This future boss is really a generous guy, worth 200 million US dollars. The shares are given away... This is simply... too sincere!

William Earhart was also very surprised. In his opinion, since Wang Geng was holding the citric acid new technology to invent this big killer, there was no need to make such a big concession. Obviously, the other party and the Pfizer group were not at all. A heavyweight opponent, William is thankful that he sided with Anderson from the start.

Jiang is really old and spicy. Once Anderson throws out the bargaining chip, if Amy still refuses, then the entire Pfizer company will be in a position of betrayal. It is estimated that everyone will follow Anderson!

Before everyone here could react from the 14% option incentive, old Anderson threw out his final trump card:

"Although Wang Geng will become the major shareholder, he promised that Pfizer's current management team and backbone will remain unchanged. Pfizer will continue to be led by me and you, and the future successor of Pfizer will be appointed by me!"

In this way, despite the ups and downs of Pfizer's board of directors, it finally passed the motion proposed by Chairman Anderson without any suspense!

A new Pfizer is born!

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