Rebirth of the Age of Wealth

In fact, equity incentives are not common in China, which is dominated by state-owned enterprises, and there is no policy support.

If there is such a policy, executives of these state-owned enterprises can provide themselves with equity incentives, which will be very exciting.

After all, the state is the boss of state-owned enterprises, but executives have greater power than the boss. Who doesn’t want to motivate themselves?

Therefore, there will inevitably be some illegal behavior in this situation, which is also the main reason why domestic equity incentive policies have not been implemented.

So far, only a small number of private business owners have won over the company's executives and some employees in important positions for the sake of the company's development and their own interests.

Through this method, workers are turned into partners, hoping that the partners can create more value for the company.

Of course, although this kind of incentive is not popular in China, or without the support of laws and regulations, many people dare not do it.

However, it has quite mature experience abroad. The consulting company hired by Li Weidong can naturally make a realistic equity incentive plan based on the company's situation.

According to the current situation, Li Weidong's treatment for these executives is already quite good, and equity incentives are not required.

But because of this, employees' remuneration is already very high. If we simply motivate employees by increasing their salaries, the effect will definitely be greatly reduced.

Instead of doing this, it is better to add a part of equity incentives, which can not only retain and attract talents for the company, but also manage them through the restrictions of these equity shares.

If you want to exercise these stocks, you will definitely not be able to do so casually and simply. There will definitely be many restrictions.

For example, working years and company performance, if they want to achieve these, these executives must stabilize their mind and body to create more profits for the company.

In addition to attracting talents to create profits, it can also change the company's equity structure.

After all, the current shareholders of Xinsheng Holdings are relatively different, and they are almost regarded as Li Weidong's sole proprietorship.

In fact, Xinsheng Holdings faced equity issues when it was first established, but at that time various systems and laws were not sound, and many things had to be done by make do.

But now the company law is gradually improving, and various laws related to enterprises are also improving step by step. Things that could be done before may not be possible in the future.

Now the introduction of more corporate shareholders, even very small shareholders, can legally change the nature of Xinsheng Holdings.

Of course, there must be many reasons why Li Weidong made up his mind to do this. The situations of the big companies he encountered in his previous life also had an immeasurable impact on him.

The most typical example is Huawei, although the stocks held by employees are castrated - they only have dividend rights but no voting rights.

But I have to admit that this company's attractiveness to employees is definitely among the best in the country.

The only thing that can surpass him is probably the end of the workplace - the system.

As for the reason why there are more people in the system than Huawei, it is not the real income, but the illusory stability and so-called respectability. If you want to be stable for a lifetime, it is a good choice.

Although there are many big Vs in later generations who complain online, comparing Huawei with a certain fruit, talking about per capita value creation, talking about working overtime, it can only be a fraction of that of a fruit, and so on.

But even so, there is no denying that this is a great company. At least employees working at Huawei can create a decent life for their families.

The most fundamental reason for this is equity incentives. It is no exaggeration to say that this is the company with the best equity incentives.

Moreover, it is difficult to find a company with such huge assets in the world that belongs entirely to one person. This is too ideal.

Although Li Weidong does not need to introduce any strategic partners now, a company with only one shareholder must have its flaws in the system.

Now Li Weidong uses equity incentives to eliminate this shortcoming, which can be regarded as killing two birds with one stone.

The two talked about some work matters again, and Zheng Sijing left Li Weidong's office with an expression of surprise and confusion on his face.

This is the first time he has heard that the company is going to engage in equity incentives, and McKinsey has even given Li Weidong a version of the plan.

Judging from this situation, it seems that Li Weidong is not too determined to engage in equity incentives, otherwise he would not have done such a good job of keeping things confidential.

But telling him about it now means that Li Weidong must have done it.

It's not like Zheng Sijing and other executives including Zou Yi have never thought about investing in Li Weidong's company, but as the company grows larger, this idea becomes less and less obvious.

Now Li Weidong told them that equity incentives will be provided. Although the shares will not be given for free, it is definitely a good thing for those of them who have no intention of resigning.

To establish a career, you must have something of your own. How can simply working part-time be regarded as establishing a career?

At this time, Zheng Sijing suddenly remembered that Zou Yi had just met when he entered Li Weidong's office. No wonder he was so happy at the time.

Of course, Zheng Sijing could not know that Zou Yi was not happy because of equity incentives.

Zheng Sijing left, but Chen Jun did not immediately invite Li Shihui, the president of Minsheng Bank who reported to Li Weidong next, to come in.

Instead, he got up and gave Li Weidong a cup of tea, trying to determine Li Weidong's condition.

After all, I have been talking to the two vice presidents for such a long time, and the matters discussed are relatively important. It is very exhausting and it is time to take a rest.

"What time is it now?" Li Weidong leaned on the boss's chair with his eyes closed, and asked softly when he heard the sound of pouring water.

"11:05!" Chen Jun also replied softly.

"Oh, time flies so fast!" Li Weidong sighed seemingly unintentionally, his eyes still closed, as if he was tired.

"Chairman, how about I notify President Li and ask him to come back in the afternoon?" Chen Jun saw Li Weidong's fatigue and asked softly.

"No need!" Li Weidong opened his eyes and shook his head slightly, then continued: "Let him come over!"

"Okay, he's in the lounge next to him. I'll invite him over right away!" Chen Jun replied immediately after hearing Li Weidong's instructions.

He could make suggestions about Li Weidong's itinerary, but there was no room for negotiation on matters Li Weidong ordered.

Chen Jun did not use the phone in the office to notify Li Shihui to come over, but walked over to inform him, which also allowed Li Weidong to have some peace and quiet.

But the lounge is right next door, so even if Chen Jun delays, it won't be long.

Two minutes later, Chen Jun walked into the office, and then used an invitation gesture to invite Li Shihui into the office.

When Li Weidong heard the noise, he opened his eyes, then stood up and walked over, with a smile on his face, not showing the slightest trace of his fatigue.

Li Shihui walked in and saw Li Weidong getting up. He quickly walked a few steps and said with a smile on his face: "Hello, Chairman!"

Li Weidong shook hands with Li Shihui and said with a smile: "I haven't seen you for a few days. Looking at your rosy face, you must have brought me good news!"

"Haha, Chairman, I have a sharp eye. I am so thick-skinned and I hide it so deeply, you have already seen it!" Li Shihui said with a self-deprecating smile.

As Li Shihui gets older and his career flourishes, his life gets better, his body becomes more and more plump, and he smiles like a Maitreya Buddha.

He is naturally not thin-skinned, and at first glance he is a blessed person. Such a person is naturally the most suitable person to be a bank president.

"I just like to hear good news. Come, sit down and talk while drinking tea!" Li Weidong said, pointing to the coffee table and sofa next to him.

Just now, he listened to Zou Yi and Zheng Sijing's work report. They were both sitting at the desk, but now he was sitting on the sofa where he was resting.

From this point, we can also see the change in Li Weidong's mentality. Some things can be done while drinking tea, while some things need to be faced seriously.

After Li Weidong sat down, he did not speak in a hurry. Instead, he fiddled with the tea set on the coffee table and made tea.

This is a way that Li Weidong usually relaxes. He likes drinking tea and making tea himself, and he also has some experience in making tea.

After a while, the tea was ready!

Li Weidong picked up the teapot, poured a cup for each of them, and handed one of the cups to Li Shihui.

Li Shihui quickly stood up half-bent, respectfully took the tea cup from Li Weidong with both hands, and thanked him repeatedly.

Li Shihui held the tea and said respectfully and flattered: "It's been a long time since I had tea brewed by the chairman himself."

Li Weidong smiled and said: "How does it taste? The tea is good, but my craftsmanship can only be like this!"

Li Shihui did not compliment directly, but took a sip, tasted it carefully, and sighed: "It smells so good. If this craftsmanship is not good, then what I usually drink can only be regarded as swill!"

This is the correct way to start flattering. You can't just flatter someone without drinking. It would be too deliberate.

"That's good tea. Since it tastes good, I'll bring some back later!" Li Weidong showed a proud smile, but still said modestly.

"Then I'll be disrespectful!" Li Shihui was not pretentious. Let's not say whether the tea is good or not. The key is to see who gave it to him.

When your boss gives you tea, it means he thinks highly of you, and it shows that you still have something worth winning over.

Li Weidong nodded, and then said: "Tell me, what good news is there!"

Li Shihui knew that the time for reminiscing about old times and building relationships had passed, and it was time to get down to business. He quickly put the tea cup on the coffee table and took out a few documents from the briefcase he carried with him.

"Chairman, I mainly want you to report on the acquisition of Thailand's Henghua Bank!"

"The current negotiations are nearing completion, and we have now reached an agreement. We will invest HK$9.3 billion to acquire 100% of their shares!"

"After the acquisition is completed, all the assets of Henghua Bank will be merged into Minsheng Bank Thailand Branch, and the new bank will become the fourth largest bank in Thailand!"

The Asian financial turmoil first started in Thailand, so Thailand suffered a relatively heavy blow, and the entire financial system has basically collapsed.

Many Thai banks are on the verge of bankruptcy and are struggling to survive, but this is a good opportunity for China Minsheng Bank to develop and grow and become a "takeover".

Minsheng Bank has branches not only in Thailand, but also in various countries in Southeast Asia. Compared with China, Minsheng Bank has a higher status in these countries.

After all, during the financial crisis, many countries gave up their financial autonomy, which also provided an excellent opportunity for the rise of Minsheng Bank.

However, in China, the financial turmoil seems to have a great impact, but it is more of a psychological impact, especially it has basically no impact on the domestic "rock-solid" banking industry.

Coupled with domestic regulatory and policy restrictions on the banking industry, Minsheng Bank can only develop step by step, with no shortcuts.

Also, although there are many developed countries and regions in Southeast Asia, their economies are still small after all. This is also one of the reasons why China Minsheng Bank has been able to rise rapidly.

Now that Li Weidong has money, he has to spend it, and countries in Southeast Asia have to come out of the haze of the financial crisis.

This is naturally a good time to invest in these countries.

Although Henghua Bank is known as the eighth largest bank in Thailand, it has actually been struggling in the past few years after the financial crisis. It has long wanted to sell it, but there has been no suitable buyer.

In fact, the first company Henghua Bank found was not Minsheng Bank, but HSBC. However, the price offered by HSBC was not that high, allowing Minsheng Bank to take the lead.

Now being acquired by China Minsheng Bank is the best destination for him. At least many of their internal employees no longer have the risk of losing their jobs.

"Now that the discussion is over, let's follow the normal procedures. I fully support it!" Li Weidong said.

Although Li Weidong is the ultimate actual controller of Minsheng Bank, the shares directly held by the two companies under his name are not absolutely large, and many of them are held through subsidiaries Sun Company.

Therefore, China Minsheng Bank has many shareholders and many board members.

This was what Li Shihui was waiting for, and he quickly said: "Thank you, Chairman, for your support!"

"Chairman, I have one more thing I want to report to you. I don't know if I should talk about it or not?" Li Shihui said hesitantly.

"Tell me about it!" Li Weidong smiled gently. Normally, Li Weidong would not be so polite!

"Chairman, according to the news we have received, Chase Bank will sell their retail business on Hong Kong Island due to its own reasons!"

"Chase Bank is among the top 20 banks in Hong Kong Island's banking industry, and the value of these retail businesses exceeds US$1 billion!"

"If we can acquire these businesses, China Minsheng Bank's status in Hong Kong Island will be greatly improved, and it can even be compared with multinational banks!"

Li Shihui became more and more excited as he talked, but his tone became more and more hesitant. They had just spent more than one billion US dollars to acquire a bank, and now they were going to spend another billion US dollars to acquire another bank. They were somewhat greedy.

Although it is an opportunity for development and growth, he cannot use too much force, so Li Weidong also has some hesitations and cannot spend it like this even if he has money.

Li Shihui saw Li Weidong's hesitation and knew that this matter would not be that easy.

"Chairman, this is Chase Bank's detailed information on Hong Kong Island, as well as the research report on this project!" Li Shihui put the document in his hand on the coffee table and pushed it towards Li Weidong.

Li Weidong put one hand on the document and did not open it. He just said: "This is a good thing. I will read it when I have time!"

Some people say that finance is the only measure that controls the world. This majestic status is still very tempting!