Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Historic -> Beiyang 1917

Volume One New York Story Chapter 32 The Birth of New Pfizer

Previous page        Return to Catalog        Next page

    Update time: 2012-06-16

    After the death of Pfizer founder Charles Pfizer Sr. in 1906, 48-year-old John Anderson officially took charge of Pfizer. Charles' son Amy Pfizer served as the company's president, and William Earhardt, the son of Pfizer's other founder,  Serves as Vice President.

    The Troika went through eleven glorious years under the leadership of John Anderson. Under Anderson's leadership, Pfizer's original shares were reorganized in 1910. Each of the four shareholders owned 250 shares of the company, and became Pfizer.  Based on the current total assets of US$6 million, each share is worth almost US$6,000.

    John Anderson¡¯s emergency board meeting at Pfizer¡¯s headquarters did not go as smoothly as he expected. President Amy Pfizer firmly opposed Anderson¡¯s proposal from the beginning, but Vice President William Earhardt supported it.

    If there is a vote at this time, although the number of people is 2:1, the problem is that in addition to holding 25% of its own shares, Pfizer also represents the voting rights of 25% of the shares held by her sister¡¯s family on the board of directors!

    The three-person board of directors formed a stalemate. Amy Pfizer, who had always respected John Anderson, showed her rebellious and stubborn character for the first time. Although she did not directly say that Anderson was betraying Pfizer, her face was quite ugly!

    Chief chemist James Currie and his assistant Jasper Kane both attended the emergency board meeting.

    In fact, neither John Anderson nor Amy Pfizer nor William Earhardt have doubts about the feasibility and credibility of Wang Geng¡¯s new citric acid process confirmed by James.

    On the contrary, Amy and William were as excited as Anderson was in front of Wang Geng. This is the feeling of good rain coming out of a long drought.

    The focus of the debate is that the Pfizer family will lose its controlling stake, or that Pfizer's four existing shareholders will lose their controlling stake. This is unacceptable to Amy Pfizer. Although Anderson is now at the helm of the company, he actually only owns 25% of the company.  shares, 75% owned by Pfizer and the Earhardt family.

    Now in order to invent a new citric acid process, the Pfizer family is required to give up its controlling stake. As the son of Charles Pfizer, Amy Pfizer cannot convince herself no matter what!

    "Amy, I understand your feelings. Wang Geng has also made a commitment in this regard. Pfizer's name will never be removed from the company's name!"

    Anderson knew that he was in an awkward position. As a chairman with a foreign surname who was not a member of the two founding families of Pfizer, all kinds of rumors had not stopped from the first day he accepted Pfizer. In fact, his shares in Pfizer  , also increased from the earliest share to 250 shares through the equity reorganization plan in 1910!

    "Not being envied by others is not a genius. Anderson believes that his loyalty to Pfizer is unrivaled, but the value of his life must also be reflected through the return of benefits, right?"

    "So what, if we lose our controlling stake, what value does the word Pfizer have in the company?" Amy blushed.

    "Brother Amy, my opinion is different from yours. If Pfizer misses Wang Geng's invention of the new citric acid process, then within two years, the name Pfizer will no longer be found in the citric acid market."

    Although William Earhardt was just like his father back then, he was just an honest man who was quick to act but slow to speak in the position of vice president. This time, he firmly stood on Anderson's side. In his opinion, any competitor  If Wang Geng's new technology is obtained, it will be a fatal blow to Pfizer.

    "Amy, William is right. I had the same idea as you at the beginning. However, if we don't seize the opportunity in front of us, we will definitely be seized by other companies. Although the young man named Wang Geng looks modest,  There is a kind of strength in his bones that looks down on all living beings!

    ??And I guess he must have some backing up. If we reject him, he will either form his own company or cooperate with other companies. By then, Pfizer will lose its citric acid market share. What's the use of having a controlling stake?  Pfizer may no longer exist!  "Anderson said, taking a puff of his cigar.

    At one end of the conference table, Amy Pfizer smoked a cigarette and said nothing, obviously struggling with the war between heaven and man in her heart.

    "Amy, don't look at the fact that we only have 35% of the shares left, but if Pfizer can monopolize the US market, our 35% revenue will be more than the original 100%, not to mention there are still European and global markets waiting for us.  !¡±

    What William said was reasonable, and Anderson was impressed by this guy's performance today.

    In fact, William Earhardt was complaining about his inexperienced cousin. In terms of negotiation skills and abilities, who in Pfizer could be better than old Anderson. If it were you Amy who went out to negotiate, you might not be able to get 35% of the shares.  arrive.

    Moreover, William had a vague feeling in his heart that Wang Geng was not looking for Pfizer so much.??Cooperation, it is better to say that it is directed at Anderson and James Currie and his assistants in front of him. If Amy insists on vetoing the motion proposed by Chairman Anderson.

    What will be the consequences?  William shuddered. With Anderson's strong and arrogant leadership style for more than ten years, if he was rejected at this critical moment, it would undoubtedly mean that his authority at Pfizer had been violated and attacked.

    Old Anderson didn¡¯t even need to wait for Wang Geng to wave his olive branch, he could take the initiative to resign and join him. Pfizer, which had lost Anderson and its new citric acid technology, could almost close its doors!  Williams thought.

    The old Anderson was very familiar with negotiation skills, even on his own board of directors. James Curry and his assistants were talents he had poached. These two guys were fooled by the note left by Wang Geng.  Fascinated, if he rejects Wang Geng, not to mention himself, James and Jasper will definitely be attracted by Wang Geng's olive branch.

    Anderson threw chips at the board of directors step by step. He told the good news first. The New York hero who jumped from the Brooklyn Bridge to save lives actually invented a new citric acid process and wanted to cooperate with Pfizer!

    This can solve Pfizer¡¯s urgent needs, so naturally no one on the board of directors will object!  And with James Curry¡¯s technical confirmation, no one doubts its authenticity and reliability.

    Then Anderson broke the bad news. The other party asked for a discount of US$11.2 million on the invention, and Pfizer would be reorganized into a new Pfizer with a registered capital of US$17.2 million, in which the other party would own 65% of the shares!

    This caused strong dissatisfaction with Amy Pfizer, and disagreements on the board of directors arose!  Amy's implication is that Anderson has forgotten the promise he made to his father, never to betray Pfizer!

    Okay, then Anderson threw out the bargaining chip obtained from Wang Geng: "The word Pfizer will never be removed from the company's name!"

    It¡¯s hard to argue that old Anderson betrayed Pfizer now, right?  The name of the new company will always have Pfizer, and the Pfizer family as the founders will never be forgotten!

    Despite Williams¡¯ persuasion, Amy still stubbornly focused on the dispute over controlling rights and the possibility that the rights and interests of the company¡¯s management and employees could not be protected!

    Anderson sighed deliberately and threw out another heavyweight chip.

    "Although Wang Geng asked for 65% of the shares, he promised to use 14% of the 65% as option incentives to distribute rewards to Pfizer's management team, technical backbones and all employees. In fact, he only  Retained 51% of the shares!¡±

    Anderson's words shocked everyone in the conference room. James Curry and Jasper Kane's eyes shone after hearing this. This future boss is really a generous and ambitious guy, worth two million US dollars.  The shares will be taken out and given away.  .  .  This is simple.  .  So sincere!

    William Earhardt was also surprised. In his opinion, since Wang Geng had invented a new citric acid process and invented this killer weapon, there was no need to make such big concessions. Obviously, the other party was not the same as Pfizer and the others.  A heavyweight opponent, William was glad that he was on Anderson's side from the beginning.

    Ginger is really old and hot. Once Anderson throws out the bargaining chip, if Amy still refuses, then the entire Pfizer company will be in a position of betrayal and separation. It is estimated that everyone will follow Anderson!

    Before everyone here could react to the 14% option incentive, Old Anderson offered his final trump card:

    "Although Wang Geng will become the major shareholder, he promised that Pfizer's existing management team and backbone will remain unchanged. Pfizer will continue to be led by me and you, and Pfizer's future successor will be designated by me!"

    In this way, despite the twists and turns, Pfizer's board of directors finally passed the motion proposed by Chairman Anderson without any suspense!

    The new Pfizer is born!
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report