Vol 5 Chapter 1110: Conflict of interest

Silicon Valley, Google conference room, Schmidt finally made a concluding speech, "Then, the proposal of shareholder Yiping Feng to pledge his 3% of Google shares, passed,"

As soon as he finished speaking, Peppa got up and walked out, working so much, how can there be so much time wasted on these things?

This matter can’t be clearer. Feng needs to raise funds in the United States, and his Google shares are the easiest asset to value.

As for his pledged shares, he will not be able to fulfill the debts due, so he will bring new shareholders to the company. Please, let alone the 3%, that is, he has pledged all his own 15%, which is a total of 15%. It is impossible to fail to meet the debt when it is due.

I didn't see him intending to raise loans this time. Except for local ones, from the east to the south to the north, which domestic bank leader did not come to Silicon Valley?

Including those old-fashioned banks in Europe, their leaders are either in Silicon Valley or on their way to Silicon Valley.

Besides, with Feng's love for the company and company stocks, would he be willing to just give up those shares?

Therefore, attending such a meeting where the results are known from the beginning is really a waste of time.

But it won't work if you don't come.

Technology has developed to such a level, why are some jobs still no different from the last century? If I want to reform the process and method of meeting the board of directors, what should I improve and how should I proceed?

The first thing should be the relevant laws. Tsk, let alone, the difficulty of changing this is really not small.

"Hey," Brin followed after him and walked side by side with him, and a series of chair sounds sounded in the conference room behind him.

The other directors who came to participate in the board of directors, apart from the meeting, did not have any problems to talk to them, but at this time, they watched their unmistakable expressions, "We are very busy, please do not disturb." Retracting what they were about to call them, shrugging each other, and smiling at each other to eliminate the same embarrassment.

Also found reasons for the two, "They are much busier than us,"

"indeed,"……

In the face of these two founders who have supported the company's stocks since it went public, including those independent directors, who can make mistakes, and who is ashamed to make mistakes?

Now Google, not only has a good stock price and good benefits, it is also rare that it has an excellent image in the eyes of the public.

The two of them, plus the younger Feng, are people who have ideals in the minds of the majority of investors and look forward to changing the world through their own efforts.

Therefore, as the public is increasingly dissatisfied with Microsoft's various overlord clauses and disappointed with Yahoo's decline, Google is the most popular among the listed companies in Silicon Valley.

Although no one calls it a great company, including its own people, everyone knows that it is firmly on its way to becoming a great company.

As for the other Yahoo that claims to be "a great company", hehe, let it be great.

"Hi everyone," Schmidt took the bag, smiled and passed through the door of the large group of directors, and also politely but firmly chased the two people in front.

Although he is also a director, his seat on the board of directors is relatively less stable than these directors.

If he is mediocre in his current position, then it is clear that he will lose his CEO position and director seat at the same time.

What's worrying is that he now feels more and more that his position in the company is becoming increasingly marginalized.

"Wait for me," he strode forward to chase.

…………

"Have you heard that Feng is in China, and he let the chief go down again?" Brin was sharing the good news with his good friends with excitement.

Although some people compare them to Peter Pan, although they do dream of changing the world, this does not mean that their words and deeds in private are as impeccable as saints.

No, they are Silicon Valley people, who are self-willed, or those who dare to live out of themselves and release themselves from time to time. They are pursuing changes in the world, but no matter how tall they are, they won’t let them succumb to them. Under the target.

For example, even though they were able to look up at this time or look down at the giant that once had to snort on it, Yahoo, as long as they hear embarrassment about Yahoo, the two of them will be as happy as children who have eaten candy.

"Hehe, as expected, I want to compete with Feng at Feng's home court? How is it possible? Does he really consider himself a chief?"

"Yes," Brin patted Page happily, "Do you think that although they are also smart, they always seem to be confused about the big situation,"

Page smiled, "Isn't this great?"

"Hehe, yes," the two people crossed their shoulders and laughed a little wretchedly. This would be a bit like Xiong Da and Xiong Er who finally stole the honey, full of joy.

When they heard Schmidt's greeting, they looked back, but didn't really stop, "How is your place?" The two asked the same question almost simultaneously.

Then he answered at the same time, "It's okay,"

Schmidt finally caught up at this time, "Paige, Brin, I have something important to discuss with you, go to my office,"

"Can't send emails?" Page asked with a frown.

"No, it's better to discuss it in person, and I think it's time to discuss this issue," Schmidt said, "please,"

"Okay," Brin gave Page a hand.

Taking into account Schmidt's work, he really allowed himself at least some free time, and seeing that he said solemnly, Page was still cooperative this time.

"Two, I thought about it for a long time. Now, I think we have to discuss a question, and then Feng will be our strategic director. Is it appropriate?"

Knowing the temperaments of the two of them, Schmidt hadn't made any preparations just after sitting down, and he directly posed the problem.

"Furthermore, is it appropriate to still let Feng have a seat on the board of directors?"

"After a long period of consideration, I feel that Feng's identity as an entrepreneur has had serious job conflicts with his Google strategy director, including his Google board director."

"I think it's time to discuss these conflicts of interest,"

He looked at the two young founders, and it was strange that this time, including Page, he did not see impatient or disdainful expressions on his face. Those two were obviously considering this issue seriously.

In other words, judging from their current performance, those two may have considered this issue a long time ago.

Vincent regrets a little bit, so why am I still doing this early bird? Objectively speaking, Feng Yiping has helped him ease the relationship with Page and Brin many times, and he can also support himself professionally on many issues.

It can be said that he is the easiest person to win support in Google's four-carriage.

"Schmidt, in what ways do you think Feng has a conflict of interest with the company?" Brin asked.

Looking at you like this, would you not count it in your heart? Schmidt said heartily.

But who made himself anxious and talked about this problem?

"The most obvious is that Feng's NEXTDOOR, and his Facebook, have, or are about to compete with us in the field of online advertising," Schmidt said.

This is a problem that everyone knows. "This is a problem. From a broad perspective, any Internet company conflicts with us in this respect," said Page.

Indeed, which Internet company now ignores the revenue of online advertising? In other words, online advertising is the main source of income for many Internet companies.

"But this is not a problem. First of all, Feng's company has just set foot in this field. Although the momentum is very good, if it is not in the top ten in terms of share, our biggest competitor is still Including these companies headed by Yahoo,"

This made Schmidt want to shake his head.

Yes, although Feng Yiping’s company currently does not occupy a large share in the field of online advertising, but you also know that even on NEXTDOOR, in order not to affect the user experience, they are just trying to get advertisers to place Advertising, if they relax this restriction, their share will definitely rise rapidly.

Also, you can’t miss it. Feng’s social networking site has the potential for advertising, especially after Sandberg’s joining, as long as they start advertising on Facebook, it will definitely Is our strongest competitor.

"Because of the problems of competition and conflict, we all set up a secret coordination team with him to coordinate the conflict between his company and us. At present, there is no substantial impact."

"Secondly, the online advertising market is large enough to accommodate our company and Feng’s company. From a long-term perspective, if one day, Feng’s company will be our biggest competitor in the field of online advertising. "

"This is actually not a bad thing," Brin actually took the conversation, and came to such a conclusion, and it seemed that Page was quite in favor of the posture, why is this?

Schmidt, who couldn't figure it out, even forgot to say that if Feng's company was Google's biggest competitor in the future, would it be a good thing?

Why can't I detect it?

"Why? Why do you think so? Don't you see the great potential of Feng's social networking site in online advertising?"

Page waved his hand and did not answer his question, "In what ways do you think Feng still has a conflict of interest with the company?"

I suddenly don’t want to say anything, all right? Schmidt wanted to answer that way.

But he can only think about it.

"The same is his social networking site. As the company's strategic director, shouldn't he stand on the company's standpoint and propose the company to develop such a project?"

"Similarly, whether it is Netflix or YouTube, including Marvel now, he is obviously trying to build a complete content industry chain. We also know the importance of the content industry in the future. Isn't it, from his position, he Shouldn't the company be proposed to develop this business?"

Schmidt can be regarded as willing to go.

"What you said is right," Page said.

Seeing his appearance, Schmidt suddenly understood that they had obviously considered this issue a long time ago, otherwise, how could they be so calm?

"But we must see, when did Feng start NEXTDOOR? It was when he first arrived at Stanford as an exchange student and had no contact with us at all."

"At that time, who of us realized that this was a good direction?"

"Yes, Facebook is indeed the product launched when he invested in us and became our partner and partner, but we also need to realize that this product is the continuity of NEXTDOOR,"

"He didn't have this idea after joining Google, but when he founded NEXTDOOR ~www.wuxiaspot.com~ he had this idea a long time ago,"

"As for content," Brin said.

Seeing Brin speak, Schmidt was even more certain. Obviously, it has not been a day or two for the two to consider these issues, otherwise they would not cooperate so tacitly.

"From a series of actions of Feng, we can see a complete idea, that is, when he unexpectedly bought Coin Star suddenly, and everyone in the market couldn't understand his intentions, he decided The general direction of the future,"

"Yes, now we can understand his road map, but when he bought Coin Star, who would know his ultimate goal? You or me?"

"So, again, whether it was his acquisition of Netflix, the launch of YouTube, including the acquisition of Marvel now, it was his long-awaited plan and a plan with a clear time point."

"How can we say that his decision has a conflict of interest with the company because of his long-standing plan?" Brin asked him.

"Yes, according to your point of view, does Feng now run an e-commerce business and in the long run also have a conflict of interest with the company?" Page said.

This is also what I want to say, Schmidt said.

"To extend it further, according to your point of view, Feng's company actually conflicts with us no matter what field it is involved in," Brin smiled.

"Have you forgotten that Feng transferred to us all the projects he has undertaken in the field of electronic maps and cloud computing?"

"You forgot the product and development strategy Feng set for us. Why did you solve so many problems?"

Schmidt "..."

I have let you talk, why am I?

…………

Peppa and Brin walked slowly in the corridor with few people, and they murmured, "Did you convince yourself?"