Chapter 110： [Cooperation or competition? 】

"The young Luo Sheng is very interesting. I did some surveys. Blue Star Technology, which he founded, refers to our company's virtual equity incentive system to a certain extent in terms of employee incentives, but based on this, It ’s improved a bit, and it ’s quite radical. If you look at their incentive plan, you will find that he has 200% confidence in Bluestar ’s future earnings. ”

A senior executive who spoke at the meeting said that after a while, he added: "What's more interesting is that his newly founded Azure Coast Technology Company is more thorough, almost according to our company's incentive template. However, there are some differences. Whether it is Bluestar Technology Corporation or Blue Coast Technology Corporation, its equity structure fully reveals Luo Sheng's desire for control. "

At this time, the general manager Ren said with a smile: "This is a good thing, we should be happy that our model is not only recognized, but also imitated by others. This may be more meaningful than creating real profits. More valuable."

It is worth mentioning that the model of Weiwei is not only domestic, but it can be said to be an alternative in the world. There are as many as tens of thousands of shareholders in Weiwei. These shareholders are employees of Weiwei, which has led this company to think Listing is difficult.

The executive who just spoke said, "In the equity incentive area, the similarity with our company is almost the same. Luo Sheng took out the equity of the Cote d'Azur company for employee incentives and shared the company's residual value with all employees. "

设计 In the design of the equity structure of the Cote d'Azur technology company, Luo Sheng used different rights in the same share and a concerted action agreement, and finally also had a veto.

Luo Luosheng controls the board of directors with a veto power, and controls the company's board of directors' nomination rights through a concerted action agreement.

There are a series of special agreements in the company's articles of association and shareholders' agreements. Among them, there is a special agreement to ensure Luo Sheng's absolute control. The lifting of Luo Sheng's veto and the agreement of concerted parties must be approved by more than 85% of the shareholders of the company. Take effect.

Jain would mean that Luo Sheng lost control of the company. There was only one case where he took the initiative to give up, otherwise he would have absolute control.

Since the establishment of the Cote d'Azur company in March to the present, a rights issue has been conducted in July, and 1285 Cote d'Azur employees have shared 0.5% of the shares.

And the 0.5% of the dividends is still the right to dividends, not real shares.

In the future, there will definitely be more employees who have contributed to the company to get the right to share rights and share the company's residual value together.

For the equity incentives of the Cote d'Azur company, employees below the P6 level are not eligible for rights placements and can only receive bonuses. At the P6 level, they are eligible for rights placements, and the allocated rights are virtual shares with dividend rights only, not real shares.

Employees are only eligible to convert virtual shares into real shares when they are struggling to reach P8 level. Neither virtual shares nor real shares are directly rewarded and need to be purchased.

If an employee wants to convert the virtual shares in his stock into real shares, he needs to meet two conditions: the first condition is that he has to fight for P8 level, and the second condition is a five-year lock-up period. buy.

Only when it is converted into real shares, is it a shareholder of the company, and the equity held is a virtual share, which is equivalent to a quasi-shareholder.

In this way, you can basically lock a core employee in the company for about 15 years. Naturally, this set of employee incentive system is still from the hands of Qin Weimu.

If you want an aspiring and capable elite to work with you for a lifetime, and spend almost your entire life to share the company's fate with the company, you must give them an equivalent or even a premium in exchange, otherwise it will be a rogue , It is bound to be unable to gather real talents.

Therefore, Luo Sheng has to take out shares to share the surplus value with these elites. Only by binding real interests can he truly bind a group of people to the chariots on the azure coast and rush forward.

I think that if there is no such special incentive system, it may not reach the point where it is today, so that in the future it will be suppressed by the old United States with the power of the country.

Dozens of core patents have been born since the company was established less than ten months ago. In addition to Luo Sheng playing a major role in it, it also has a great relationship with a group of engineers under his hands fighting like crazy, otherwise only With Luo Sheng's own strength, even if he is noble, it is already a climax to get three core patents within ten months.

Genius again, but his energy is limited, and he has 24 hours a day like everyone else. Luo Sheng doesn't want to work day and night. He only sleeps for 4 hours a day. He wants to live a few more years. A hundred years or more.

To this day, we have discovered that several patents on the communications baseband of the French Riviera are highly consistent with the established direction of Wei. This is not the most critical thing. What really makes this communications giant so important is that the French Riviera company wants to enter the mobile End consumer business.

Luo Luosheng's thing to do with mobile phones is to make a name card. There is no need to guess at all. The commercial gambling agreement with Qualcomm has been exposed.

This year, Weiwei is at a very critical node, and it has paid more and more attention to mobile terminal services. Previously, Weiwei mainly focused on routers in communication terminals. Since 2003, it has been paying attention to mobile terminal communication services and servers. .

Côte d'Azur companies are now very low-key and have been silently engaged in R & D, but they attach great importance to it, whether it is the innovative patent technology already held ~ www.novelhall.com ~ or the azure model.

Is simply a natural partner, or ... a strong competitor.

I have to say that I am really strong at a strategic level, at this time I have begun to notice the azure coast, and have begun internal discussions about potential competitors.

The focus of internal discussions now is whether to choose competition or cooperation.

"Cooperate." Xu Zhijun said, "I suggest that cooperation is not to say that we do not have the confidence to compete with the French Riviera, but that we should put a strategic perspective on the global perspective. ICT is always dominated by foreigners. When fighting, we made the assumption of 'extreme survival' last year. "

Mr. Ren nodded but did not express his opinion. Another senior executive who spoke agreed said: "I also agree to cooperation. The overall potential external pressure is greater than internal competition. If foreigners get stuck in the future, they do n’t have to fight. It's all done. "

At this time, Ren Ren said, "Yes, it is time to twist into a bundle and unite the backbone to deal with stronger opponents and be more combative. As for potential internal competition that may erupt in the future, that is the future and that is also the case. It has to be a future. "

虽 "That being said, what if we are wishful thinking? The key is what Luo Sheng thinks? Is he willing to cooperate?" Said a senior executive.

For a while, everyone didn't dare to pack their votes. Xu Zhijun laughed: "Living people can't be choked with urine. Cooperation can't be entirely guessed. See each other and see if you can't succeed. Let me go to Visit Sioux City to visit the legendary 'Internet Son'. "

Xu Zhijun's proposal was quickly unanimously approved, and the matter was finalized.

Uh ...