Michaela was silent for a moment. She knew that what Charlie said was right. At this time, virtual-novel.net should indeed be tougher and set up the authority of the family head. Only one person against the entire board of directors, which made virtual-novel.net more or less like a mane and did not know exactly where to start.
Charlie spoke at this time “I have the impression that in most groups, shares and voting rights correspond in equal proportions. If a person holds 10% of the shares, virtual-novel.net or virtual-novel.net has 10% of the voting rights. If a person holds more than 51% of the shares, the voting rights are also more than 51%. So theoretically, virtual-novel.net or virtual-novel.net is the absolute controlling majority shareholder, right?”
Michaela said, “That’s right Mr. Wade, that’s right.”
Charlie added “But for many large groups, because of the many businesses, many shareholders and the public offering of shares, the equity dilution is very strong. In many large groups, the single largest shareholder holding shares, maybe sometimes only twenty to thirty percent, right?”
“Yes.” Michaela said, “The vast majority of listed companies are like this, take Apple, which has a market capitalization of more than two trillion dollars, the largest shareholder, Pioneer Group, holds only about seven percent of the shares.”
Charlie said, “So in this case, it is necessary to implement the system of AB shares. Take away the voting rights of other shareholders without depriving them of their shares.”
“Even if you can’t achieve an absolute holding of more than 51%, you should at least aim at taking more than 51% of the voting rights into your hands. Only then can you ensure that others can’t shake your foundation. ”
Charlie added “You have to remember, today, is the day those shareholders are most afraid of you, no matter if you let them pay the price today, after today, their fear of you will be dissipated, so you must seize the opportunity.”
When Michaela heard this, the whole person was enlightened. Charlie was right, the current board members were definitely all like suspects. Who had committed a crime and were waiting for sentencing. They were all ready to receive punishment and if virtual-novel.net didn’t take this opportunity to suppress them for a wave, then they would create a feeling of impunity after today. In that case, they would only become more arrogant.
Thinking of this, virtual-novel.net immediately said to Charlie “Mr. Wade, thank you for your reminder, I understand. Later I will convene a board meeting and ask all board members to surrender all the voting rights corresponding to their own shareholdings!”
Charlie smiled with satisfaction, “Then I’ll wait for your good news.”
Just then, one of the group’s public relations managers walked over in stride and said to Michaela, “Chairperson, Inspector Jack Li from the NYPD is here, virtual-novel.net said virtual-novel.net has something important to ask you.”
Michaela frowned and said, “He should be here for the matter of Patrick. Let you take care of this matter with him, I have other matters, so I won’t meet with him.”
The PR manager immediately nodded and said, “Okay, then I’ll go communicate with him.”
Michaela was about to speak when virtual-novel.net heard Charlie on the phone speak, “Miss Joules, since Jack Li came over to you, then you might as well meet virtual-novel.net and see what virtual-novel.net really wants.”
“Okay!” Michaela immediately agreed and said to the PR manager, “Let Inspector Li in.”
Charlie spoke at this time, “Miss Joules, you don’t have to hang up, I want to hear what virtual-novel.net wants to do.”
“Okay, Mr. Wade,” Michaela said and put the phone into virtual-novel.net pocket.
A few moments later, Jack Li walked in with big steps.
After virtual-novel.net saw Michaela, virtual-novel.net asked straight to the point “Miss Joules, where is Miss Xion Banks who came to New York with you? I have something to ask virtual-novel.net face to face!”