Wall Street Legend

Jobs' temporary departure will definitely have some impact on Ye Dongqing. He is not sure whether the interim CEO who will take over next will be able to continue to implement the company's development ideas, which is to transition to the era of mobile intelligence and develop a mobile phone based on a closed operating system. A complete ecological chain of intelligent products.

If Mr. Tim Cook comes to power, he is sure to be able to convince him based on his previous relationship with Ye Dongqing. In 1998, Cook joined Apple as senior vice president, in charge of computer development and sales. Since Jobs decided He must be recommended because he feels that Mr. Cook can do a good job and is more trustworthy at present. Anyway, he is much more reliable than the guy named Ron Johnson who may have pressured Cook to take over.

He is now Cook's deputy. He only joined Apple in 2000 and pioneered the idea of ​​"Apple retail stores", which to a certain extent promoted Apple's sales growth. Ye Dongqing has met him once, and he is a relatively slippery guy. , so far he still doesn’t know exactly how Ron gained the trust of the three shareholders and got them to agree to him acting as interim CEO.

There must be something going on here that Ye Dongqing doesn't know about. I originally thought that with Jobs' recommendation, things would go smoothly. After all, he controls two of the eight board members. With Jobs, that's three. Apple currently has only eight board members in total.

Sitting in the back row of the Rolls-Royce, Ye Dongqing closed her eyes and couldn't help but speculate in the worst direction. Mr. Jobs may never return to Apple, and Mr. Cook did not get the chief operating officer position. , Ye Dongqing must ensure that even if all bad things happen, he still has influence on the CEO's decision-making. In fact, he is already considering paying more and continuing to acquire Apple's shares at a premium to achieve stronger influence. .

Before Ye Dongqing entered the game, Apple's equity was very dispersed, and those with a shareholding ratio of more than 3% were considered major shareholders. This situation changed after he appeared, and he obtained two board nomination rights. It was successfully realized with the help of Steve Jobs. It has been a long time since Apple has seen one shareholder hold two board seats. In fact, except for the two directors Ye Dongqing, the other directors have little relationship with shareholders.

He felt that those guys were probably used to it, so they came against him. After all, they held more than 30% of Apple's shares, and had already expressed their hope to let Mr. Cook go through the two directors. Despite their willingness to take over the CEO role, three directors nevertheless banded together in support of another qualified executive.

It's not a big deal, but Ye Dongqing hates this kind of thing. At the moment, he is in a very unhappy mood. He is asking Jobs about the specific situation through his mobile phone, asking why Cook was not approved by the board of directors for temporary appointment in the morning.

Jobs said weakly: "Honestly, I don't know. Just yesterday they privately stated that they would support Cook, but overnight, the three families of Bill, Ronald and James betrayed their promises. I still have no idea." I thought the previous vote was just a formality, but I didn’t expect that even Robert didn’t support my idea. I’m working hard and preparing to talk to them privately.”

Bill Campbell, Ye Dongqing once had a conversation with this old man. The relationship between him and Jobs was relatively good. When Jobs returned to Apple in 1997, he hired him. The friendship was already very deep, especially with When Steve Jobs was ill, he shouldn't have gone against him.

Wondering what had happened between last night and this morning, he told Mr. Jobs: "Well, I'm on my way to Apple now. Let's wait until we meet to talk about this matter. I'll be there in about ten minutes." …”

The corporate system in the United States is relatively complete. In the modern corporate governance structure, the board of directors is the highest decision-making body of listed companies. Apple directors are nominated by the board of directors and then approved by the shareholders’ meeting. Who the directors are has little to do with the shareholders, at least in this case. This was the case before Ye Dongqing appeared. Now he has so many shares that he has the right to speak. This is one of the reasons why other members of Apple's board of directors gave in and agreed to let him control two seats.

Apple's board of directors has the right to nominate directors when the board of directors changes, which gives them a stable power transfer system and the ability to nominate people they trust.

As long as there are no divisions or internal strife within the board of directors, then the few people on the board of directors will always control Apple, at least for the past ten years or so. When Apple had no actual controllers, those who totaled more than one or two hundred people It is obviously impossible for individual shareholders and institutional investors to unite and act in concert to purge the board of directors.

Ye Dongqing has some signs of holding a shareholding, which is why he just wanted to continue to increase his holdings. Judging from the current situation, after being recruited by Tamsui Investment Group to harvest a batch, the remaining top twenty major shareholders hold shares The total shares are not as large as the shares of Apple controlled by Ye Dongqing.

It has both advantages and disadvantages to have management power controlled by board members rather than shareholders. It is reasonable to exist. However, a system that may be beneficial to other companies may not necessarily be suitable for Ye Dongqing. It took a lot of effort for him to spend so much more money. After spending so much effort to get this share, I don’t want a guy who I don’t understand at all to just mess around and let the previous hard work go to waste. Compared with Amazon, he will undoubtedly invest more in Apple. More expectations and more funds.

For a company like Apple, more than 30% of the shares are already very high, high enough to make Ye Dongqing feel that if he works hard, he can overthrow Apple's current management system and start over. The members were given a severance package and told to leave.

Judging from the current situation of Tamsui Investment Group, FB and other companies, Ye Dongqing feels that he has the ability to manage Apple well. He is the largest shareholder since the company was founded. Like words.

Things were a bit tricky, but not to the point where he was at a loss. After arriving at Apple, he did not hide his angry thoughts at all. Employees on the roadside could see that he was angry. This was to express his anger to those "successful directors" What are they "revealing"? Some directors are also small shareholders, and the company rewards them with shares. Ye Dongqing needs to let these people know who is the real boss...