Chapter 425 - The Show

"Good afternoon ladies and gentlemen. Will the meeting please come to order," After a while, they heard the voice of the Chairman of the Board of Directors. J looked at the direction of the speaker, she rarely sees her father-in-law dressed in business suit.

"Thank you." He said as soon as the people in the conference room settled down. "I would like to welcome you to the CLP Group of Hospital's emergency meeting."

As Chairman John Parker speaks and started to introduce the Board members, shareholders, and executives present in the meeting, J looked around and saw Mr. and Mrs. Ivanov, beside them is Stella. Stella is looking at her with obvious distaste. Their eyes locked together. They continued to stare at each other as if they were having a contest of who is going to look down first.

But with J's cold and intimidating look, it was Stella who averted his gaze and focused on the Chairman that is still speaking.

"Now I would like to introduce our secretary, Miss Lisa."

"Thank you, Chairman Parker. As stated in the notice, the purpose of this meeting is to elect a new Chief Executive Officer. The details will be presented to you by Mr. Ivanov." The secretary said before she takes her seat. There were murmurs that started to build up inside the conference room.

The Board of Directors and Shareholders look at each other. There were reasons for a CEO to be forced out of his position, one is incompetency which is often reflected by mismanagement or the current financial performance of the company or the Parker's probably does not own the controlling share of the company unlike before so they loss control over the company and now they are being ousted. But based on Jacob's performance, it is probably the latter.

When Benjamin Parker first founded the CLP Group of Hospital, he owns 60% of the shares making him a majority shareholder. But as time goes by and the hospitals having outside investors. His shares started to dilute and now end up with only 25% which is divided to his son and grandchildren. This made the Parker's vulnerable to being fired or replaced from the position.

The board of directors and shareholders looked at Jacob then to Lance. A couple of years ago, the Parker's were on the verge of being ousted in their position when Lance arrived as a proxy of an anonymous shareholder. They thought that this particular shareholder will continue buying shares from CLP Group of Hospital until the Parkers were ousted but to their surprise, this anonymous shareholder stops when it reached 20% making them the second biggest shareholder.

But it was the Ivanov's who requested for this meeting. Could it be there are some turns of events that they didn't notice?

"Ahem…" Mr. Ivanov started speaking without looking at Jacob's direction. While Jacob remained casual and carefree.

"As you previously know. Our family owns 16% shares from the CLP Group of Hospitals."

"He is not really a good speaker as always," Lance said in a low voice near J's ears. This was noticed by Mr. Ivanov earning him a glare.

This man is obviously sucking up to the wrong person. Wait till you hear my announcement. Mr. Ivanov thought internally.

"But recently, one of the shareholders offered us 10% of his share. And my son and daughter here decided to buy that share. That makes our family the biggest shareholder of this company with 26%." Mr. Ivanov announced with an elevated chin while his wife has her grin from ear to ear and Stella is cocking her head towards J.

"So, I requested for this meeting for a change in management. It is our right to ask for an election to remove Dr. Jacob Parker from his position as CEO and be replaced by anyone from my family." Mr. Ivanov said arrogantly which made the people inside the conference room looked at him with animosity.

Chairman John Parker remained impassive even though their family's position in the company is being threatened. He is obviously confident with Jacob's capabilities as the CEO of the company that his father founded.