Chapter 399 The Crazy Financial Officer

Grab parking space to enter the US market.

This made everyone in Ziwei Xing very happy, with a feeling of elation.

As far as these domestic Internet companies are concerned, who else can enter the US market?

not even one!

Why is Lenovo so famous? Why can Boss Liu be selected as one of the top 25 global business leaders selected by Time Magazine?

The most important point is internationalization.

In the early days of the country's rapid development, the ability to earn foreign exchange is still an important criterion for measuring the success of a company, and vigorously promoting the expansion of overseas markets is also an important way to solve domestic overcapacity.

However, Wang Haoyang had a headache.

The research center said it wanted to purchase some basic equipment, and applied for a fund of 30 million; Weimi.com applied for an operating fund of 2 million; the Human Resources Department also applied for a fund of 1.6 million for large-scale recruitment; Our data processing system needs to use Microsoft's patents, and they offer a $100,000 buyout fee...

If we want to make great progress this year, it will lead to a result.

Expenses will increase dramatically!

Just relying on the little income from the Xiaonei website alone can't wipe out the accounts.

The deficit is certain.

Now that's all right, the big boss is going to the United States with great arrogance as soon as he slaps his head. Happy is happy, proud is proud, he is miserable as the chief financial officer.

Where does the money come from?

Participating in Facebook's Series B round of financing... how much money do you have to invest?

The news in the United States is hot, saying that Google is going to invest 750 million US dollars to acquire Facebook, and that Microsoft is not to be outdone and followed up. It is said that both parties raised the price to 2.25 billion US dollars!

Even if the rumors are very watery, the premium is serious.

But this also clearly shows that the current Facebook market valuation is very high, at least 500 million US dollars!

Zhou Buqi didn't care so much, and asked him, "How much money is left in the account?"

"About 13 million dollars."

"Okay, enough."

"It's not enough, there is still 70 million reserved for the R\u0026D center!" Wang Haoyang said in a hurry.

Zhou Buqi laughed and said: "I know it well. The R\u0026D center has to recruit a large number of people. If you want to recruit a 200-person R\u0026D team, it will take more than half a year."

"I can't breathe."

Wang Haoyang is a standard financial officer, and he is very strict in financial internal control.

In other words, be dedicated.

Zhou Buqi's previous life level was too low to feel it. Now I understand what Boss Ma said, I am not afraid of the sky, I am afraid of the CFO becoming the CEO.

This Wang Haoyang does not have the temperament to be a CEO, and he is a bit behind in terms of strategy.

Zhou Buqi said: "I know that there may be financial pressure, so let's get through it for a while, and reduce unnecessary expenses as much as possible. Participating in Facebook's financing is a strategy, it is imperative, and it is also an opportunity not to be missed. Xiaonei.com is about to launch another wave of mobile phone group buying, and a large amount of money will be credited.”

Wang Haoyang sighed, "Other start-ups are trying hard to survive, and they want to spend half of a penny. We are lucky, and we are throwing money everywhere, all of which are in the United States."

Zhou Buqi laughed and said, "It's about helping the poor."

Wang Haoyang: "..."

"By the way, there is one more thing. You can ask your deputy to follow up and prepare. There is a company called UC Youshi, which is mainly engaged in SP business and a UC browser. They can't survive, and they need to start financing. I think Yes, it can be strategically controlled and incorporated into our system."

"What?"

Wang Haoyang was about to go crazy, and the idea of ​​resignation suddenly popped up in his mind.

This is to kill him!

When the company ran out of money, the chief financial officer was the first person responsible, and they didn't care if the boss invested indiscriminately.

Zhou Buqi was a little amused, "Why do you open your eyes so wide? I let you prepare, and you can execute it. Don't worry, the investment will not be too much, just a few million."

Wang Haoyang turned into a zombie face, and said in a muffled voice: "Boss, if you want to fire me, just tell me directly, there is no need to use any tricks. Recruitment and dismissal are normal operations of the company, I can understand."

Zhou Buqi looked puzzled, "Are you crazy? Who is going to fire you?"

Wang Haoyang gave him a deep look, "It's almost as good as not crazy."

Then, he walked to his office in a miserable manner.

As CFO, his pressure is not only from the boss.

Just like Guo Pengfei, he asked for money, can he refuse? He is the second largest shareholder in Ziweixing Company besides Zhou Buqi!

And Zhang Yiming!

There is only so much money, who will you give it to?

This is what offends people.

As the person in charge of the business, he must consider his own business and hope to apply for as much funds as possible. As the chief financial officer, how should he allocate this money?

If the spending is overdue and the salary cannot be paid, everyone in the company will have to scold him.

When He Yang was in the office, he also sighed when he saw Wang Haoyang passing by his office door as if he had lost his soul. He can understand Wang Haoyang's plight very well.

Last year, Ziweixing's monthly operating expenses were about 10 million.

This year, all businesses will expand, and the company headquarters will expand to 400 people, and the monthly operating expenses will reach 20 million. This is not counting the bottomless pit of the research and development center.

He picked up the documents on the table, got up and went to Zhou Buqi's office, "You have to start preparing for the advertising business of Friends.com, and it will go online in June. If we don't add new revenue channels, the financial pressure will be too great, and Lao Wang's hair will be gone." Clearly."

Zhou Buqi nodded, "Okay, go as planned."

He Yang handed over the document, "Look at it, there are three main points."

Because Zhou Buqi wants to implement the decision-making committee system in the company, it is necessary to set up some articles of association and add some special clauses to vacate the board of directors and ensure the power of the decision-making committee.

After all, from a legal point of view, the board of directors holds the highest decision-making power of the company.

While Zhou Buqi watched, He Yang said: "There are three special designs. First, the one-vote veto power. You must agree to certain matters before they can be approved by the shareholders' meeting; second, the nomination, appointment and dismissal of directors. For example, if there are 7 people on the board of directors, then you are eligible to nominate and appoint and remove no less than 4 directors, so as to firmly control the board of directors. Third, the extra decision-making votes of the board of directors. If there is an unexpected situation, the vote of the board of directors is tied , then you have an extra vote to ensure the smooth implementation of the proposal.”

Zhou Buqi had a headache, "During the board meeting, do you have to answer the director's questions and questions?"

"Definitely."

"troublesome!"

"This is the power of the directors, and the directors are entitled to know anything in the company without involving confidential documents."

"Doesn't that mean we have to deal with the directors every day and explain the company's strategic plan to them every day?" Zhou Buqi was a little impatient, "Can I do this, all the directors are our own people, and I have to nominate them?"

"Well……"

He Yang was stunned.

"Can't you?"

"Theoretically, it is feasible." He Yang paused, "However, this will have great disadvantages and will be questioned by the capital market. Boss, let me tell you this, in the United States, many large companies obviously do not lack The money, the government and the management are also pushing the company to go public, and you know why?"

"Cash out?"

"I said, they don't lack money."

"Then why?"

He Yang said: "In order to find fresh air outside the system. Think about it, if the board of directors is all our own people, then all the company's decisions are in our own hands. Efficiency, but it also increases the risk of the enterprise. I don’t know the true face of Lushan Mountain, just because I live in this mountain. We are insiders, and sometimes we may fall into our own way. At this time, we need a few outsiders to supervise , to remind us from different directions. This can greatly prevent us from making mistakes. Therefore, those large companies will also invite some successful people as independent directors to supervise and vigilant the company, and put forward different opinions from another angle. opinion."

Zhou Buqi agreed with this statement, "It's right to invite a few outsiders to spread the word. It's all about the monopoly of your own people, and it's easy to make trouble."

"So it's settled?"

"I have participated in JD.com's board of directors once, and there is a rule there. Liu Qiangdong has the right to participate in the board of directors. If he is not in any board of directors, it is an invalid board of directors."

"Uh... I don't think it's necessary."

"Yeah?"

"As long as we occupy the majority of seats on the board of directors and have the right to nominate, appoint and remove directors, no one will deliberately make things difficult, and any agenda item will definitely be passed. The person from JD.com must have suffered some psychological trauma. I have never heard of any listed company that has such a company charter."

Zhou Buqi asked again: "How often does the board of directors usually meet?"

He Yang said: "Under normal circumstances, twice a year."

Next, he said: "By the way, the Natural Science Foundation of China has replied. Our flying project will pass the approval of major scientific research projects, and the funding is the highest 5 million yuan."

"So fast?"

"It hasn't been formally approved yet, but it has been approved internally, and everyone agrees. Now we spend a lot of money to buy equipment and start working. It proves that we cheated to get funds, and the money will be given over there."

"Is it all in one go?"

"It will be divided into three phases, and the first phase will be 1 million yuan. This is not a big problem. No one dares to hand in such a big project. Moreover, there is good news."

Zhou Buqi was surprised, "What?"

He Yang said with a smile: "This year we applied for 5 million funds, but our big project cannot be completed in one year. You can continue to apply next year, and you can continue to apply in the year after. As long as the review committee thinks that our project is not completed and not completed If you fail, you will keep giving money.”

"It's this year, our accounts may be tight, and in the future..." Zhou Buqi is rather flat, shaking his head, "Forget it, the money given for nothing, don't waste it. Instead of being cheated by those face-saving projects If you have a fat face, you might as well do something serious for me."