At noon, everyone went to the pre-agreed restaurant for a big al, and in the afternoon, they had a eting together.
Howard needed to understand Nirvana’s product positioning and Ruby Sullivan’s company planning direction, as well as the new product launch tiline. Since he was here, he could do so market work before the samples ca out.
If ti permitted, a detailed plan could be made first to outline the funding allocation.
The next step was hiring, at least needing an HR to handle salaries, taxes and other trivial matters, while financial work, since expenses needed to be saved in the early stage, was to be solely undertaken by Howard for now.
The three girls watched Howard draw plans on the presentation board, suddenly feeling that their small studio had beco much more upscale.
The eting lasted two hours, but it was high-energy throughout; everyone contributed intensively based on their foundations, making the two hours very effective.
After the eting, Ruby Sullivan kept Howard in the conference room for a chat, actually wanting to know more about The Sullivan Group’s situation.
"Last week Rhonda Sullivan made a high-profile return to The Sullivan Group. Now she has secured all the B-shares previously under President Sullivan Sr.’s na, as well as all the A-shares you had taken back by President Sullivan Sr.; she’s now firmly in charge there. Plus, the top managent had always had complaints about , the young, parachuted CEO, and since I was only Mr. Sterling’s assistant before, Rhonda’s return quickly gained their approval. I was pushed out right after handing over my work."
He finished and sighed deeply, looking rather relaxed.
To him, The Sullivan Group was a hot potato, a mission assigned by Mr. Sterling. If done poorly, it showed his lack of capability, and even if done well, there wasn’t much benefit. But if there had to be sothing useful, it was that it definitely proved he hadn’t wasted his years by Boss Sterling’s side.
Ruby Sullivan’s mind flashed with Rhonda Sullivan’s arrogant face and her father’s desperate pleading, suddenly making her heart sink in sorrow, her gaze becoming heavy, "Five years, I hope in five years, Nirvana can be capable of acquiring The Sullivan Group."
Howard knew that if Nirvana could rely on The Sterling Group, they could dominate dostically in no more than a year, and it could take just another year to reestablish Wenny’s reputation in the international market.
But Ruby Sullivan would give herself five years, not because she wanted to relax her standards or didn’t understand the company’s developnt, but because besides this initial capital, she didn’t want to rely on Ethan Sterling’s power.
Howard had always understood Ruby Sullivan’s ambition and believed she had the capability. Nirvana was a new challenge for him as well. He believed that, with him there, it wouldn’t take five years to achieve the boss’s goal.
"Absolutely, we’ll make it," Howard said with utmost determination.
Ruby Sullivan smiled at him, "Thank you, you can go now. I need to think about so things." After Howard left, she sat in front of the computer and drafted a company equity transfer docunt.
Though she had verbally told Claire and Tina that everyone was a shareholder, sharing fortunes and misfortunes, it hadn’t been formalized in a contract. Now, she was waiting for the last responsible person, and it was ti to set these proper things in order.
For the long-term, Ruby Sullivan also planned to structure Nirvana’s equity as AB shares. She had studied many tos in recent tis, and although she couldn’t use these concepts as freely as Ethan Sterling, she still kept so important ideas in mind.
Ruby Sullivan had thought about this for a long ti, so she quickly finalized the equity transfer ratios: Claire and Tina would have 5% each of AB shares, while Howard would hold 5% A shares and 10% B shares.
At this stage, these numbers might not seem much, but when Nirvana develops, these numbers will be tied to each person’s inco and the speaking rights in the company.
After drafting, she contacted The Sterling Group’s legal advisor, Peter Rhodes, online.
Based on a frugal principle, she didn’t hire a lawyer who charged by the minute but rather tapped into The Sterling Group’s top lawyer, Peter Rhodes.
Ruby Sullivan had ambition; although she now relied on hugging a big leg and taking advantage of The Sterling Group, when she had the money, she would certainly repay multiple tis over.
Before getting off work, Ruby Sullivan gathered the three and separately handed over each person’s equity transfer agreent.
Theoretically, these matters shouldn’t be handled in an openly transparent way. It’s because of the viewpoint Ruby Sullivan had always maintained, which was to never test human nature.
Even though the studio’s atmosphere was great and everyone was holding hands, once interests were involved, comparisons would certainly arise. Anyone who didn’t get the most would feel insufficient, which was also why companies demanded salary confidentiality.
But Ruby Sullivan thought about it for a long ti and decided to be willful once.
Since she chose these few to conquer the world with her, she decided to deliver complete trust and hoped they would reciprocate. Although she didn’t know how long such a bond could last, she thought this was worth the risk.
She handed everyone their contracts and directly stated the equity shares recorded in them.
"If anyone has any objection to the shares, you can speak up now. Please don’t hold a grudge in your heart," Ruby Sullivan said with great seriousness.
In reality, only Howard fully understood the significance of the contract; Claire and Tina were simply grinning without understanding its value; they just felt it was grandiose.
So Howard was the first to speak up, "Boss, are you sure you want to do this? I think the studio is still in the early stages, not quite suited for equity allocation just yet."
Ruby Sullivan laughed, "Don’t shake ; I also made a big decision. I’ve never been a boss, don’t know when’s appropriate to discuss this, but I know this is the most sincere guarantee I can give you now."
"Since you put it this way..." Howard took out a pen, signed the last page, and stamped his fingerprint.
Claire and Tina originally didn’t think much, but after listening to the conversation between Howard and the boss, they realized the contract seed significant. Claire nudged Tina, who weakly asked, "What’s the aning of A-shares and B-shares?"
"Simply put, it’s a protective chanism to prevent power dilution during future company financing. A-shares are mainly for dividends but have only a low voting right, while B-shares have substantial speaking rights,"
Ruby Sullivan explained.
Claire exclaid, "So after signing, I’m a Nirvana shareholder?"
"Yes," Ruby Sullivan smiled.
Tina was moved to tears, "Although I still don’t quite understand, I feel like I’m a step closer to becoming part of a wealthy family, a bit excited."
"Then hurry up and sign," Ruby Sullivan looked at the two naïve girls, feeling that her willfulness was totally worth it.
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