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Volume 1 New York Story Chapter 44 The cake was cut into pieces beautifully

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    Update time: 2012-06-22

    On the morning of February 27, 1917, Manhattan Industrial Bank was officially registered in the morning. At one o'clock in the afternoon, two partners, Wang Geng and Vivian, drove the latest Cadillac Model 55 sedan in front of Pfizer.

    When the handsome partners appeared in Pfizer's conference room, Pfizer's directors and shareholders had mixed feelings. These two partners from Manhattan Industrial Bank were so young that it made old Anderson, Amy Pfizer, and William  .Earhardt had to wonder if he was really old.

    Present in the conference room are still Pfizer¡¯s chief chemist James Currie and his assistant Jasper Kane. As Pfizer¡¯s technical backbone, they will witness this historic moment.

    Wang Geng smiled and introduced himself first.

    "Pfizer colleagues, I am very happy to fight side by side with you in the future. You may already know that I am Chinese, my name is Wang Geng, a partner and executive director of Manhattan Industrial Bank, and the beautiful lady next to me is named Vivian  , is my partner and general manager!¡±

    John Anderson, the current chairman and shareholder of Pfizer, introduced the members of the board of directors to Pfizer¡¯s future owners, or to put it politely, the major shareholders.

    "This is Amy, the president of Pfizer. His father, Charles Pfizer, is the founder of Pfizer!"

    "This is William, the vice president of Pfizer. His father, Charles Earhardt, is another founder of Pfizer."

    "This is Pfizer's chief chemist, Dr. James Currie. He is responsible for leading Pfizer's new laboratory. Before coming to Pfizer, he was a food chemist in the government department."

    "This young man is the doctor's chief assistant, Jasper Kane. The doctor said his future is limitless!"

    Wang Geng shook hands with everyone enthusiastically, and his sincere attitude could bring tears to people's eyes!

    "Amy, thank your father for creating Pfizer. He is a scientist and successful industrialist that I admire. Without him, there would be no glory! Of course, we must also thank your father and son for their broad minds, which made John useful at Pfizer.  The place of martial arts!¡±

    "William, I heard that you became a traitor to the Pfizer family at yesterday's board meeting? Haha, don't be nervous, I'm here for peace. Thank you and your father for everything you have done for Pfizer and John! You can play an important role in Pfizer  "

    "Dr. Currie, thank you for your support of my new process and formula. Pfizer's laboratory will still be your world in the next twenty years. I believe that the more leisurely the directors are, the more outstanding the achievements of your laboratory will be!"  Oh, don¡¯t worry, I will tell you everything about citric acid. Of course, I hope you can do better than me in scientific research!¡±

    "Mr. Kane? Forget about citric acid. I have more important and more difficult tasks than citric acid for you and the doctor. Don't be in a hurry. We will talk about technology alone after the meeting."

    Wang Geng's performance was calm and smooth. Not only were several people at Pfizer eye-opening, but Vivian next to him was even more surprised. She originally thought Wang Geng was just a lucky and courageous young athlete, but now  He behaves like a young and successful investment banker, one who understands both technology and people.

    John Anderson laughed heartily. It was clear that Wang Geng's performance was beyond expectations, without the arrogant reserve and arrogance that are common among young major shareholders, which made the entire Pfizer relieved.

    Although it will take some time for Amy Pfizer to accept the reality of Pfizer being acquired in her heart, it is undeniable that the young man in front of her has the charm and magic power of spring breeze. The strength of the handshake, the firm but peaceful eyes, and the decent conversation are almost the same.  The entire Pfizer conference room was conquered in the first moment.

    When Jack Morgan's Queen's Counsel Charlie rushed to the Pfizer conference room with a group of assistants and documents, the entire Pfizer board of directors learned that Wang Geng's Manhattan Industrial Bank investor was the JP Morgan family. Of course, what surprised everyone even more was that Morgan  The family only holds 49% of the shares of Manhattan Industrial Bank. So, does the young executive director in front of him really take advantage of Morgan?

    Pfizer¡¯s restructuring documents were quickly completed under the supervision of lawyers from both parties. Most of the afternoon in the Pfizer conference room was spent signing various documents. It took more than an hour to sign all the documents.

    Before leaving, Charlieson smiled and said to Wang Geng, "Jack said he would send the bill for the legal fees to Manhattan Industrial Bank as soon as possible! The fees for me and my team in the two hours today were US$2,000!"

    "No problem! Thank you Charlieson, go back and tell Old Jack for me! I did three hours of strategic planning and analysis for him last night, and the fee was US$20,000. I only need to receive his bill for the US$2,000 legal fees.  , I will send him the $20,000 consulting bill."

      "Hey well, you should talk to Jack about this yourself, and I won't get involved!" Charlieson was deceived by Wang Geng's lion's mouth and ran away.

    Wang Geng turned back to Vivian and the surprised Pfizer shareholders,

    "If Jack dares to be in the first grade of junior high school, I will dare to be in the fifteenth grade. How can the contribution I have made to Morgan be comparable to Charlieson's two hours of legal fees?"

    Vivian tugged on Wang Geng¡¯s sleeve to tell him not to brag, but John Anderson clapped his hands and said,

    "Wang Geng, I am optimistic about you. There are definitely not many people in the United States who dare to say no to the head of the Morgan family. You may be the second one."

    "Who is the first one?" Vivian asked in confusion.

    ¡°Of course it¡¯s Mr. Anderson, the chairman of Pfizer. Jack said that in the past ten years, Anderson has rejected no fewer than three requests for shares from the Morgan consortium on behalf of Pfizer!¡±

    Wang Geng¡¯s compliment not only made Old Anderson extremely happy, but also Amy and William were filled with pride.

    The next thing is to convene the new Pfizer's board of directors. Although time is short, Wang Geng has a lot to do, and the new Pfizer's board of directors must first be formed before the next step can be carried out.

    According to the shareholding ratio, the total assets of the reorganized new Pfizer were US$17.2 million, of which Manhattan Industrial Bank held 65% of the shares. Vivian was once again pushed to the front desk by Wang Geng, and served as the representative of the new Pfizer as the representative of the major shareholder.  director.

    For the remaining 35% of the shares, John Anderson holds 8.75%, William Earhardt holds 8.75%, and Amy Pfizer holds 17.5% on behalf of the Pfizer family. The new board members are theoretically these four major shareholders.

    However, based on his previous commitment to Anderson Sr., Wang Geng allocated 14% of the 65% shares held by Manhattan Industrial Bank as option shares to motivate the senior management team. This 14% share was divided into  Four pieces of cake: 9%, 2%, 1% and 2%.

    The largest piece of cake, 9%, is divided into three parts: 3% in the third year, 3% in the fifth year and 3% in the tenth year. It is awarded to John Anderson who has made outstanding contributions to Pfizer. In other words, Anderson must at least  It will take another ten years of leading the new Pfizer to obtain the entire 9% stake.

    The second piece of 2% cake was divided by Wang Geng into 0.5% in the first year, 0.5% in the third year, 0.5% in the fifth year, and 0.5% in the seventh year and was awarded to the chief chemist Dr. James Currie.

    The third piece of 1% cake will be awarded to the doctor¡¯s assistant Jasper Kane in proportions of 0.25% in the first year, 0.25% in the third year, 0.25% in the fifth year, and 0.25% in the seventh year.

    The last 2% piece of cake is used to grant the company¡¯s employee stock ownership plan, and its dividends are shared by all ordinary employees and middle managers.

    This 14% share option incentive plan has fulfilled Wang Geng¡¯s original promise. Not only have John Anderson, James Currie and Jasper Kane become the biggest beneficiaries, but all employees can also share a 2% share dividend.

    Wang Geng, the savior of Pfizer who fell from the sky, or in other words, the conqueror of Pfizer, firmly controlled Pfizer in the hands of Manhattan Industrial Bank.
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