Chapter 103:
After he got back to his hotel room, Woosung checked his bank account.
5,121,141,000.
5.1 billion dollars.
It was the total of what he made from Apple stocks and the crude oil future.
He used the majority of the money he made from the financial crisis. It was true that more money would yield even more money.
He realized why he never made big money in his previous life. It was the lack of seed money.
He lived every living month with his ager salary in his past life. There was no way he could beco what he was right now like that.
Woosung stared at the number for a long ti. It was right there on the screen, but he still couldn’t believe it. However, he had much more to do. This was just the beginning of his revenge.
“I basically own MOX now, so next is Daeyang.”
Daeyang was 10 tis bigger than MOX, which ant it would not be as easy.
“I need to continue working on cryptocurrency and maybe get Choi Gichul and Daeyang involved as well…But they aren’t that stupid…”
Woosung thought he may be able to get Choi Gichul with the cryptocurrency but not the entirety of Daeyang.
“Well…Let’s just continue working on the current projects.”
Woosung knew he would get a chance in the future. For now, he had to continue growing his company.
He still had to finish off Jung Jinsup.
Woosung closed his laptop. It was ti to go back to Korea.
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MOX Ergency Shareholder eting
Topic 1. Dismissal of Directors.
Topic 2. Dismissal of Auditor General.
Topic 3. Dismissal of CEO.
Topic 4. Elect a New CEO
Woosung sat as one of the many minor shareholders while Alex sat at the special seat as a major shareholder.
“We will now begin the shareholder eting. DNK 47%, CEO Jung Hyosung 34%, Developnt director Kwak Mingu 1%, Chief of CS Team Oh Minjae 0.5%, and the public shareholders 17.5%.”
After the summary of shares, they began discussing the topics.
“Our first topic is the dismissal of all directors. They have been accused of neglecting MOX’s main sources of inco Legend 1 and Legend 2.”
Jung Hyosung and Jung Jinsup listened with a scowl on their faces. Choi Gilak also sat nearby with a frown.
He objected, “T…the decline in sales can’t be blad solely on the directors. All employees have equal responsibilities. Dismissing soone because of a decrease in sales is not fair.”
Choi Gilak looked around for help, but no one spoke up. He turned to Kwak Mingu for support.
“Director Kwak, please say sothing. Don’t you think this is unfair?”
Kwak Mingu was put on a spot. He had no choice but to speak.
“Actually, I would like to add moral hazard on top of the main reason for dismissal.”
“Pardon? W…what did you say?”
“You know this better than anyone, Director Choi.”
Woosung watched with a wry smile. He already had Alex talk to Kwak Mingu and had him included in the plan. Jung Hyosung turned to Kwak Mingu.
“Director, Kwak…How could you?”
“This is for the best. When we first started developing Legend, this wasn’t how we envisioned our futures would be. Look what happened?” Kwak Mingu continued without hesitation. “As the CEO, you have placed your useless son on a position of power. Your strategy developnt team chief couldn’t co up with a solution other than using an illegal master account.”
When he unexpectedly exposed the secret, Jung Hyosung gaped at him. Jung Jinsup also turned red with embarrassnt. Alex watched with interest.
Jung Jinsup scread at Kwak Mingu, “Director Kwak!”
“You are no longer my boss so you can’t scream at anymore. I wanted to quit a long ti ago, but I didn’t because I wanted to be a good employee. You barely just graduated, yet you act as if you know better than everyone. Just stop! Why do you think Battle Ground’s release has been delayed?” Kwak Mingu continued angrily. “All of our best veteran developers left because of your accusing attitude. You kept blaming them for every minute detail in the ga unreasonably when you yourself didn’t even know how to program anything!”
After a brief pause, Kwak Mingu continued, “Because of you, the ga couldn’t be completed. You only got your job because of your father, when in fact, you are an idiot! Who would want to work for soone like you?”
Kwak Mingu’s expression was filled with utter frustration with the purest form of anger.
“Seoul University? So what!? Is graduating from this university a good reason for you to have the right to abuse people?” Kwak Mingu turned to Jung Hyosung accusingly. “Answer ! I didn’t graduate from the best university in the country. Does that an I deserve to be treated this way?”
Jung Hyosung answered slowly, “It’s not like that at all. I just thought young blood like my son would make the company better.”
“Then you should have done it differently. I may have graduated from a small university, but I worked very hard and I have shown my skills in ga programming. Yet your young son kept treating with disrespect.”
Jung Hyosung remained silent.
Kwak Mingu continued, “And young blood? New gas? Legend may be an older ga, but it still has potential. It also is the only reason why MOX is still making profits. It’s not sothing that needs to be thrown out, but sothing that needs to be rembered and respected.”
Kwak Mingu wasn’t being logical and he wasn’t well-spoken, but everyone could empathize with him. The moderator tried to calm him down.
“Umm…Let’s take a deep breath. I think we should start the voting process now.”
Alex raised his hand, followed by Kwak Mingu.
“DNK’s representative Alex and Kwak Mingu make the total of 67%. This satisfies the 2/3 of the attendee rule, so the first topic is now officially passed.”
The room turned dead silent. Jung Jinsup glared at the traitor Kwak Mingu.
The rest of the topics passed by in a breeze. There were so objections, but they were useless.
Finally, it was ti for the fourth topic.
Electing a new CEO.
Everyone turned to Alex.
They all assud Alex would beco the next CEO.
Alex raised his hand.
“May I say sothing?”
“Yes.”
“I propose Kwak Mingu to beco the new CEO.”
Jung Jinsup stood up and scread, “You can’t do that! According to the rules, any agenda initiated during the shareholder eting is invalid.”
Woosung tried very hard not to laugh. The rules didn’t matter. They could call for another ergency eting and re-elect Kwak Mingu as the CEO. Woosung asked Alex to do this just to make Jung Jinsup angry.
Alex laughed and replied in English. “So what?”
Jung Jinsup understood and shouted, “W…what? You bastard!”
Jung Hyosung stopped Jung Jinsup from attacking Alex. “It’s no use. They can just call for another eting.”
“B…but…”
“Just stop.”
Jung Hyosung looked like he gave up.
67%.
It was over. Kwak Mingu was elected as the new CEO.
Jung Jinsup left the room in a fit of anger. No one seed to care, but Woosung followed him.
Woosung understood sothing crucial after all.
‘Jung Jinsup still has a personal asset of 150 million dollars. I need to take that away from him too.’
Woosung followed him determinedly.
Woosung said to Jung Jinsup apologetically, “I am so sorry. It’s all my fault. I sold the stocks.”
Jung Jinsup sighed deeply.
Woosung continued, “The stock price went down so much that I had to do it. I really didn’t expect sothing like this to happen.”
“There was no way you would’ve known that. Well, I still have the money from selling the stocks and my father still has 34% left so we will try to do sothing with it.”
“The price is still low, so you can buy them back.”
“I am doing that already, but there aren’t a lot of stocks available so I can only buy little at a ti. I also don’t want to raise the price by buying too quickly too much.”
“That makes sense.”
“I think we can take back the company soon.”
Woosung thought with a grin.
‘Sure, I would love to see you try.’
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