American Fortune Life
Chapter 1606: Overbearing Anti-Customer
As the absolute king in the field of mobile phone chips, Qualcomm has really been in trouble recently.
The decline in earnings reports, layoffs, and other incidents, coupled with the hostile rivalry with Andy Smith, have made Qualcomm a target for media and industry insiders.
Capital's ruthlessness has been reflected vividly after the release of Qualcomm's financial report. Leaving aside the unforeseen prospects in the future, just analyzing the current situation, Qualcomm's board is now on the road of being abandoned.
No, maybe it should be said that they have been abandoned!
"Hello, Mr. Smith ..."
"Good morning, Mr. Smith."
"Hello, Mr. Smith, I am ..."
. . . . . .
As Andy Smith in an extremely slim blue dark stripe suit, with a small, tall and capable assistant, stepped into the crowd of shareholders who had arrived at a crowd of people who were dressed up by Wall Street elites. In the large conference room.
Originally sitting in various seats, the gossiping people stood up, leaving the seat with a nearly flattering smile one by one shaking hands with the young super rich, begging for familiarity.
The members of the board of directors sitting in front of the long table in the conference room stood ugly one by one, watching the big smiles of shareholders and shareholder representatives, looking at each other, and seeing helplessness and bitterness from each other's eyes.
The real contest has not yet begun. They seem to have lost and lost the support of shareholders. Today's board election, they will lose out!
They can only pin their hopes on the shareholders they have found to support themselves and be able to keep their board seats. After all, Andy Smith nominated only seven people, and four seats could be retained. . . . . .
It seemed that everything had been thought of, and the current members of the board of directors of Qualcomm had looked at each other with more precautions and vigilance.
Steve Molenkov, who has just taken over the position of Qualcomm ceo, looks at everything and can't help sighing in his heart.
He knows that if even the company's directors cannot unite as one, and guard against each other, they cannot use all their power in the confrontation with Andy Smith. With their existing shareholder support, For Andy Smith will be The 7 directors nominated, these people will have no help at all!
Andy Smith will easily control the majority of seats on the board. After he easily reached the "board cleansing" method, the internal resistance of Qualcomm will be minimized. When the board members all become his spokespersons, Andy Smith can use internal advantages to easily facilitate the completion of the acquisition of Qualcomm.
Really completely control the fate of Qualcomm. If he wants, he can even complete the privatization and completely turn Qualcomm into his Andy Smith's private assets!
Steve Morenkov looked at a gentle smile, calm and calm, without arrogant edge, but still can make people clearly feel the kind of outstanding family children. For a moment, Morenkov It was like seeing Andy Smith as if the prince was meeting the minister!
"Hello, Mr. Morenkov, nice to meet you."
"Hello, Mr. Smith. Welcome to the Qualcomm family."
Steve Morenkov smiled and shook hands with Andy, saying humblely, as a technical ceo, he didn't worry about whether he would keep his job. The most valuable thing is not the throne of ceo, but his brain. The one who envelops him, instead, may join the main board of directors, and Andy Smith, who becomes the chairman, should understand the value of his Steve Morenkov!
"Oh, thank you for your welcome, I believe this will be a wonderful day!" Andy looked at him brightly, smiled slightly, and said nothing more, and continued to shake hands with other people to know.
Eventually ended the somewhat embarrassing greetings with the current members of Qualcomm's board of directors, came to the conference table, and watched the name on the nameplate, Andy smiled and sat down, as for the assistant and everyone else sitting at Andy Behind the back seat, observe the changes in the facial expressions of everyone in the oversized conference room.
When everyone was seated, Jeffrey Henderson, the sole and non-executive chairman who had just been in office for a long time, started to report on the work results and financial reports of Qualcomm over the past year to all shareholders present on behalf of the board of directors.
".. The board of directors will continue to uphold the principles of positive corporate governance, we will work to create the greatest value for our shareholders, and we will consider all options to achieve this goal, and Qualcomm is in a better position than any other company. We believe we can Create more additional value for shareholders. "
"Papa ..."
When Jeffrey Henderson finished his report, a very embarrassing sparse applause sounded in the entire conference room, and each shareholder looked at Jeffrey ironically.
The stock price was cut, the business failed, net profit halved, revenue fell, and the company laid off staff. . .
There is still talk of creating more additional value for shareholders?
Well, although all of this is excusable, who made it into the global financial crisis, and because of the birth of Apple Crazy, changed the status quo of the mobile phone industry, manufacturers are turning, performance is affected, it is inevitable.
However, these shareholders do not need to open up for the board of directors and management.
"Pap!"
When the board members were embarrassed and silent, another clear applause sounded, and everyone looked in the direction of applause. They saw Andy Smith with a smile on his face. After a slight slap, all the shareholders followed. Applauding.
For a while, there was thunderous applause in the conference room, but the members of the board of directors were not happy because of this, but their faces changed dramatically.
The applause subsided.
Jeffrey Henderson was so dignified that he just wanted to move on to the next issue. He heard a major shareholder suddenly say, "The company's planning for next year, let's put it aside for a while. I propose that the new board members should be directly Nominate! "
"I agree!"
"I have no opinion!"
"can..."
. . . . . .
With more and more shareholders approving, Jeffrey Henderson's face became extremely ugly, and other board members were even more shocked. Some were sweating, some were incredible, and some were panicking. Frustrated, and several faces were dead.
"Ahem ..."
The shareholder representative of Blackstone Group coughed briefly, temporarily interrupting the shareholders' position. When everyone looked at him, he smiled slightly: "In fact, before electing a new director, we should welcome Andy Smith, the largest individual shareholder. Mr. Join! "
"Papapa ..."
As soon as his voice fell, he took the lead in applauding, and everyone began to applaud with a smile, and the applause was warm.
Andy stood up with a gentle smile, and stood up gracefully, while looking around for a week, nodded slightly in each direction.
"Thank you, thank you, and everyone for your welcome."
Andy raised his incredibly brilliant hands and lowered them slightly, thanking everyone for the welcome and letting everyone stop the applause.
When the applause subsided, Andy looked around for a week again, this time glancing at the 11 current directors and the senior executives of Qualcomm. The indifferent expression and sharp eyes made it impossible to look at them.
"Thank you again for your welcome, please allow me to introduce myself here, I'm Andy Smith!"
Andy glanced around in an extremely bright way, smiling and waiting amidst the slightest mistakes in the crowd, and then the talents reacted, and they couldn't help clamoring and applauding. At the same time, everyone present felt the young man. Confident and domineering side leak.
"Qualcomm has grown from a small technology company to today, replacing Intel as the leader of the mobile phone chip industry. This is inseparable from the efforts of all of you here. As a shareholder, thank you very much for your excellent work!"
Andy gestured at the company executive's area with a smile and took the lead in applauding to make applause in the conference room again.
Regardless of whether it is a member of the board of directors or a company executive with a complex mood, they are helpless to find that today's shareholder meeting has been completely reduced to Andy Smith's one-man show. He has completely controlled the pace of the meeting.
"I have to say that Qualcomm invented many breakthrough technologies that changed the way the world connects and communicates. When we connected our phones to the Internet, the mobile revolution was born.
In the future, I sincerely hope that Qualcomm's invention will become the basis for life-changing products, experience, and many industries. "
Andy stood there with a smile and talked calmly. Although the people present had different thoughts, they all listened to his words seriously, because after this meeting today, the fate of Qualcomm may be in front of this young man. Human hands.
"Everyone knows that two months ago, I initiated the acquisition of Qualcomm, one is for the layout of my personal assets, and the other is, I am very optimistic about the future of Qualcomm. As we all know, I predict and respect the era of smart phones. , Although ridiculed by many people in the industry, but now it seems that I am right!
Since the advent of iChat mobile phones, mobile phone technology has ushered in a period of major change. So, everyone here has thought about when and in what form will the next major change period come? "
Andy looked around the conference room of Yaque for a week with a smile, chuckled and said, "Maybe someone whispered in your heart, you said so much, have you thought about it? Oh, yes, I did think about it, and there is something The answer, so I decided to buy Qualcomm without hesitation, because, no matter how good I think, it is useless fantasy without technical support! "
Then, Andy suddenly turned around and faced the already dead members of the board of directors with raised lips, seemingly self-deprecating and sneering: "One month is actually not long. This month may not be long for you. I want to fight for space with time, but unfortunately, it is difficult for you to have new ways to deal with me, the savage in your mouth, and sometimes my destiny cannot be changed! "
The sudden change of the style of Andy's paintings made everyone a little surprised, but also understood that Andy's real killing was about to begin.
"As the largest individual shareholder, I propose that Gregorio Reyes, the former chairman of dialog Semiconductor, be the new director responsible for the company's technology product development block.
Raise your hands in favor!
. . . . . . Thank you, thank you for your support, five abstained, all others in favour, then, congratulations, Gray, you have become the new director of Qualcomm! "