Chapter 163: Feel Sorry for This Old Man
"Actually, he doesn't have any shares to his na," Bai Yu admitted. "I have a will that all my money will get equally distributed between my wife and children on my passing, so I never gifted them private equity in the company." He shrugged.
Qian ng stiffened. "Does your family know this?" she whispered.
Bai Yu nodded. "Are you scared for my wellbeing?" he asked with a charming smile.
Qian ng couldn't help but look at the man closer. "I have seen too many family disputes over money to tell you otherwise. It is better that you don't co in contact with your son for a long period of ti. Do not let your guard down at any ti," she urged.
"Don't worry. It shouldn't be long," he inford. Seeing that she was curious, he continued. "We were supposed to have the eting tomorrow morning, but Ye Qing convinced so of the integral voting mbers to not show up."
Qian ng frowned. This ant he had considerable power in the company. This didn't bode well for any of them. "What is the percentage attendance necessity to go ahead with the motion?" she inquired.
"It's eighty percent," Bai Yu replied with an abashed look.
While such a high attendance rate was good to co to fair judgnts, it could also help people with ill intentions to continuously delay hearings. What a pain in the ass.
"When was the eting postponed to?" she asked. The wheels in her head were turning as she plotted.
"It was today. It is ant to be in the second half of the work-day but I received Ye Qing's mail saying that he was unwell and needed a few days off."
Qian ng chuckled without amusent. "You should put an ultimatum. Tell him that if he doesn't appear, his employnt and rights to the shares will be terminated imdiately. That will have him attending in no ti," she told him.
Bai Yu nodded. "That is what I plan on doing. But I will let him retreat for a few days. I think that signing over my shares to you before the eting will be a good move." He grew silent.
"Is there an issue that I need to know about?" Qian ng asked, worry lacing her voice.
"I am aware that the other investors and employees do not think I can lead them any longer. My bias towards my younger son has created so tension within the company. And I can now acknowledge it."
Qian ng looked at him in pity. "So, Uncle, you want to take the place as the fresh face who will not let anyone get in the way of a company working well. Is that what you are asking to do?" she asked with restraint.
"I don't want to hide this from you. I don't understand the new marketing thods and sales tactics that they use. I am not the right person to employ people either. I know you just went against my son and people will point fingers at you saying that you did it to take over the company, but I think the company will prosper under you." His speech was long.
Qian ng nodded. "If we go ahead with the acquisition, I would like to keep it under the wraps. I don't want to be an anonymous majority shareholder but I won't be publicizing it," she inford.
"That is perfect," he smiled. "I looked over the contract you gave and I think your terms and conditions are generous. I never thought you would leave five percent shares on a dividend basis." He gulped.
"The founder is the lifeline of the company. Even when their ti is over, they remain an integral part of the identity of the institution. You put in hard work and I don't want to cheat you out of what you deserve." She shrugged.
Bai Yu shook his head. "You feel guilty, too," he reprimanded. "You're a ruthless businesswoman, Yun Qian ng. You shouldn't feel sorry for this old man. I know you think of as a confidant and uncle, but in business, you shouldn't allow that."
Qiang ng bowed her head. She felt no sha. "My business strategy is slightly different. I like working and collaborating with people. I am not in business to exploit people. I want us to prosper together." Maybe that was why she didn't make as much money as her peers, but she liked the way she thought of business.
Passion. Welfare. And happiness to work.
"You've done a lot better in life than I managed, so I have no reason to reprimand you," Bai Yu apologized imdiately. Qian ng panicked.
"Uncle, that's not what I an. I was being conversational. asurent of success is arbitrary." And she wasn't trying to placate the older man.
"I know. Silly child," he chuckled. "But how fast can we make the acquisition happen?" he asked.
Qian ng tried to rember what the terms were and grimaced. "It will take at least three to four days for to finish the final stage of research and mobilizing my funds. If we follow your plan about pushing the eting a few days, I should be able to buy you out and attend the eting as a shareholder," she announced.
Bai Yu nodded. "That would be good."
But Qian ng beca silent. "This move will make your son turn on you. I cannot ensure what his reaction will be. Are you prepared to burn all bridges with your son?" she whispered.
"I have coddled him all my life. With the money I get, I will be able to ensure that he lives a good life without…" he didn't know how to end that sentence.
"He is not living at your ho at the mont, right?" Qian ng hinted.
"No. He hasn't co ho since that night." He frowned. "My wife has been throwing a fit, as well."
Qian ng nodded. "I'll be frank with you, Uncle."
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