YM778.TV Chapter 431: What in the World - Part 4
431 What in the World - Part 4
Thursday, continued …
"You are a pain in the arse King with your actions.I have thirty-five percent and I was almost ready to close the deal for the remaining shares.Your actions scuttled that deal, and all you did was throw a few dollars more per share at it.They knew I intended to buy the shares and that I had purchased the others I have.They also told me you knew what I was doing."
"So, I can do what I want."
Tiger who generally did not argue about things like this could see where Hou Yi was coming from.
King this time had overstepped the mark, and someone, who he would listen to, needed to bring him into line "King, he is right.You can be a law unto yourself.I told you, when we spoke about this on Tuesday and the Toff\'s name was mentioned that you need to talk to Bug before you made the deal.You told me p*ss off and mind my business.Sometimes, you frustrate even all of us.A simply call …"
"Tiger, you forget."
"King all I have to do is tell my wife, your sister, and there will be…"
King knew Tiger backed him into a corner and the looks on Croc, Lion and Lizard told him they were also annoyed with him.
Lizard then spoke "King, damn it.You knew something was going on and you decided you had to step in.And I know there was funds go from the corporate accounts on Tuesday which I suspect was the purchase of those shares.Toff, what was the deal you had?"
"King paid twenty percent more that I had offered for them"
"Fine.King the rest of us are voting now that those shares will be sold to the Toff at the price that he had agreed.And the loss will come out of your share of the profits for the next year.You damn well have to understand that there are limits on what you can do.While you are the CEO, we each equally own the company holding thirteen percent each, with the balance held in trust, one percent each for the Princess and the barons with the remaining six percent in a trust Bug is the Trustee of for the neighbourhood\'s benefit.We can vote you out as CEO."
"Lizard, remember your place."
"King he is right, stop being a law unto yourself.We all agree" responded Croc, to nods from Snake, Lion, Tiger and Shark.
"Fine" spat our King.
Shark turned to Hou Yi "Toff, I will have the papers to you by the end of the day for the share transfer."
"Thanks.Now, what the plan is with owning the forty percent of shares, that with the support of the Yang\'s will allow CEO Lu to be ousted from the company with immediate effect.Lu Corporation\'s charter requires that the CEO must at all times have the support of over 50 percent of the shares to remain in power."
"Presently CEO Lu only controls fourty-three percent; fourty percent for the family and three percent he holds on trust for Lu Jinhu and Yang Lin\'s child and Yan Lin\'s parents control two percent also on trust for the child.As between Hou Enterprises, various companies and myself I control forty percent, now the Yang family will support me to toss CEO Lu from his position."
"The question is who will become CEO.The Company charter has controls on that, indicating a permanent CEO has to be a member of the Lu family or related to it.They have no Vice-CEO who can act on a temporary basis, so there is only Senior Management.Three members of the Yang Family connected to the Lu\'s through marriage could step in."
Hou Yi paused, and continued "My reading is that there is only one Lu family member even remotely able to act as CEO, who works in their entertainment division that with support who would be capable of acting as CEO.His branch of the family are detested by some members of the Yang Family, and all thje rest of the Lu Family.But we can count on the greed of the Lu Family, that they will want someone named Lu as CEO rather than someone connected to the family through marriage."
"You intend use the greed of the Yangs to screw the Lu\'s over and get rid of CEO Lu and then once he is gone use the greed of the Lu Family to screw the Yang\'s over.Damn, you are ruthless. " Came Lizard.