Video Game Empire

Chapter 93: The need for equity incentives

After reading the report, Li Xuan let out a deep breath. He raised his head and smiled at He Guoyuan: "It's not bad, I didn't expect that our Dongfang Electronics has grown to such a large scale!"

He Guoyuan is also full of smiles, which is not bad. Before he switched to Dongfang Electronics, he never thought that this is a giant company with an annual profit of hundreds of millions of dollars.

"Next, I hope that the company's management can design a reasonable equity incentive plan. The rapid growth of the company is inseparable from the joint efforts of all employees. All employees should share the dividends of the company's development together!" Li Xuan suddenly said .

He Guoyuan was stunned for a moment, a look of joy flashed across his face, and he nodded immediately. Equity incentives are very common in American high-tech companies, especially those founded in Silicon Valley. Most of these emerging companies have several founders who come up with a promising project development plan and then persuade venture capitalists to take money.

These new companies are usually start-up with insufficient funds and need to keep looking for financing round after round before going public, so it is naturally impossible to give employees very attractive salaries. But to attract and retain talent, companies pay in other ways, like stock options. The company promises to employees that as long as the service is completed for a certain period, after the company's shares are listed and circulated, they can purchase the corresponding shares from the company at the agreed price and number.

In order to one day turn the option agreement that is still a castle in the air into real money, employees will naturally work hard so that the company can be listed for financing as soon as possible. In this way, all the employees are tied to the company's chariot and march forward together.

So whenever a large technology company completes an IPO, the entire company will instantly have a large number of billionaires, multi-millionaires, and millionaires. Even for the ordinary staff at the bottom, as long as they have served for a sufficient number of years, getting an option award is a lot of extra income.

But the term equity incentive is still a very unfamiliar term to most people in Hong Kong. Hong Kong companies are mostly family-run businesses. Even if they hire excellent professional managers from outside, they are all on the condition of offering high salaries, and rarely allow management to directly hold shares.

Of course, this is also related to the fact that most of the Hong Kong companies are concentrated in the industries of textiles, clothing, toys, and real estate. Even if one or two people are lost in these industries, it does not matter. But Dongfang Electronics is different. What Li Xuan wants to build is a research and development company, not a manufacturing plant. How to maintain the stability of management and scientific researchers has become the top priority in the development of Dongfang Electronics.

What's more, Li Xuan is very clear that throughout the 1980s, Hong Kong's hearts were fluctuated because of the Sino-British rivalry. If he doesn't plan ahead and think about countermeasures in advance, Dongfang Electronics will definitely be seriously disturbed. And equity incentives are undoubtedly a good medicine to unite people's hearts. Before all options are redeemed, employees who resign from Dongfang Electronics will suffer great losses. This decision is not easy.

The profit of Dongfang Electronics in half a year is as high as 100 million US dollars, and Han Peng, the CEO with the highest annual salary in the company, his salary is only 800,000 Hong Kong dollars. Even if the year-end bonus is issued according to the highest tier in the salary contract, the total annual income is HKD 2 million.

2 million Hong Kong dollars and 100 million U.S. dollars, facing such a big gap, after a long time, who wants to watch the fruits of hard work all go into the boss's pocket, but they can only get that bit of dead wages, sooner or later it will be born Think about quitting your job and starting your own business.

Li Xuan is reluctant to change the management every three days. Every change in the top management will have an unpredictable impact on the development of the company. Now that he has eaten meat in large chunks, he should let other employees who have not worked hard but also have toiled, also have some broth to drink.

He Guoyuan walked out of Li Xuan's office with a smile. He and several other executives were undoubtedly the biggest beneficiaries of the equity incentive plan. He can imagine that when Dongfang Electronics is listed on the market, his assets will climb as fast as a rocket.

"Sister!" As soon as He Guoyuan went out, Cao Jingya walked in.

"Is something wrong?" Li Xuan raised his head and asked.

"Are you really going to give us stocks?" She apparently heard a few words from Li Xuan's conversation with He Guoyuan just now.

"Of course, you are the first batch of veterans to join the company. I definitely can't treat you badly. You can wait to be a rich woman in the future!" Li Xuan said with a smile.

"Our company is not short of money, do you plan to list it?" Cao Jingya naturally knew that if Dongfang Electronics' stock could not be listed and circulated, no matter how good the option incentive plan was, it would only be a flower in the mirror.

"We are not short of money now, and it does not mean that we will not be short of money in the future! Don't look at the fact that we have made a fortune from the arcade market, but compared with those real multinational companies, our company is still just an inconspicuous little bit. That's it!" Li Xuan shook his head and explained.

"Oh!" Cao Jingya nodded before returning to her own job from the excitement just now, "This is after the Human Resources Department has identified five candidates for new secretaries after preliminary screening, and the final round will begin in ten minutes. Interview. Director Wei asks if you are free, and if you are free, you'd better go to the interview in person!"

"Oh!" Li Xuan agreed and took the information from Cao Jingya.

Beginning next month, Cao Jingya will go to the Chinese University of Hong Kong for a three-month full-time training. After the training, she will serve as the deputy of Lu Siming, the director of the administrative department, to assist in the management of the company's administrative department.

This off-job training is also part of the cooperation between Dongfang Electronics and Zhongda University. Seven people participated in the training, all of whom are outstanding talents that the company intends to promote to middle-level managers.

Cao Jingya has been acquainted with Li Xuan long before the establishment of Dongfang Electronics~www.wuxiaspot.com~ is also the first group of veterans who joined the company after the establishment of the company. Li Xuan is naturally willing to push this girl with a cheerful personality and an unwillingness to admit defeat. And she had been Li Xuan's special assistant before, so Li Xuan had to find another assistant.

"Huh?" Li Xuan looked at the information in his hand and sighed softly in surprise.

Cao Jingya, who was standing aside, couldn't help rolling her eyes. Men are indeed **** animals. The page Li Xuan was flipping happened to be a beautiful woman who had just had an encounter with him a few days ago.

Zhuang Erjing, born on December 13, 1959, graduated from high school preparatory school. Before that, he worked as an administrative clerk in a watch manufacturing factory. Li Xuan looked at the pure and lovely two-inch bareheaded photo in the upper right corner of his resume, and there was a little more in his smile. Think.

If she were to be her secretary, who would play the Wenwen in "The Mountain Dog"? The good girl Wenwen she played in "Mountain Dog" was wet behind her back, and the shot of her chest when she came out of the water lotus made countless men's adrenaline soar.

When Li Xuan walked into the conference room, the interview was about to start. He nodded to Wei Wei, the human resources director who was sitting in the main seat, and took care of himself to find a seat next to him and sit down.

The five candidates are sitting opposite each other, and the final round of screening will be conducted in the form of a discussion meeting. Wei Wei will ask a few questions, and then they will discuss and debate freely, from which to observe a series of personal qualities such as the on-site reaction ability and language organization ability of each candidate.

Li Xuan glanced around the conference room, just in line with a pair of beautiful eyes with amazed eyes, Li Xuan returned a kind smile to the other party.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like