Chapter 1867: The Qian Faction Has Lost Its Advantage
Time was ticking, and the atmosphere in the conference room was extremely tense despite the silence. A majority of the people began to show some form of panic, nervousness, unease, and frustration.
Everyone was clear on what they were really waiting for.
After some time of waiting, the door of the conference room opened with a loud bang.
The tense atmosphere in the conference room peaked, and everyone felt as if they were about to be punished for a crime that they had committed.
Old Mr. Wen entered the room with Xue Yishan helping him in. He was holding a walking stick with one hand, and although age had caught up with him, he still looked domineering and confident.
Wen Xinya slowly stood up from her chair, walked to his side and hugged him. “Welcome back, Grandpa.”
At that moment, she felt extremely excited.
Ever since Wen Corporation was accused of laundering money and Grandpa entered the police station, she had only been hoping for Grandpa to be released as soon as possible.
Old Mr. Wen patted her on the back and calmed her excited emotions down. “Good girl, it must have been hard on you.”
He knew that the profit-seeking shareholders were a hard bunch of people to deal with, and yet Wen Xinya was able to handle them while being in control of the entire Wen Corporation. Clearly, her methods and hard work were out of this world.
Wen Xinya helped Grandpa onto the seat that represented his authority as the Chairman.
After half a month of being detained, he looked paler and weaker but still domineering. “Before the shareholder meeting starts, I want to make it clear that the police have already investigated that we are not guilty of laundering any money. The police, along with our commerce department, will release a public statement on our innocence to the finance and business media. The shadow of money laundering that has loomed over us for nineteen days will now disappear.”
Wen Corporation was already absolved of all suspicions, but because this case was too complicated, the investigation was still ongoing, and it would be a while before the case was closed.
“Pa, Pa—” Wen Xinya revealed a smile on her face and started clapping.
Her crisp applause was especially stark in the silent conference room.
The first people to respond were those of the Wen faction, and the applause could not hide their excitement and joy, so the applause started getting louder.
The applause only lasted for a short thirty seconds before it was stopped by Old Mr. Wen. His sharp gaze looked determined. “I’m clear of the intention of this shareholder meeting that was suggested by Chairman Qian. The many years of suppressing the shareholders in the Wen Corporation was not entirely selfish, but to prevent us from ending up like Xiao Corporation. The focus on profits leads to internal conflicts in the corporation and impede the development of the organization. Based on your conscience, has Wen Family not treated you fairly all this time?”
The meeting room was silent.
Old Mr. Wen spoke the truth.
If Wen Xinya or anybody else in the Wen faction said it, it would have seemed like excuses, but the meaning was entirely different because Old Mr. Wen said it.
The same words said by different people had entirely different effects.
“Have you ever considered that Qian Jianhui only holds twenty-five percent of your shares when you recommended Qian Jianhui to be the chairman? Once he successfully takes over, do you think he would allow any of you to threaten his position?”
In the organization, other than the smaller shareholders, there were quite a few other mid-range shareholders that could easily pull Qian Jianhui down if they collaborated with the Wen Family.
Would Qian Jianhui allow that to happen?
That was impossible.
Once he assumed the position, he would dilute all the shares of Wen Family and the other shareholders and completely remove them after a while.
What this meant was that Qian Jianhui planned to kick these shareholders aside once he had finished making use of them.
At this time, all of the shareholders showed a variety of expressions.
Actually, what Old Mr. Wen said was suspiciously provocative that if Wen Xinya or anyone else said, everyone would feel that Wen Family was simply provocating everyone else. Yet, it had to come from the important and domineering Old Mr. Wen. This made everyone take it more seriously.
At this time, everyone felt even more regretful.
Old Mr. Wen continued, “Qian Jianhui said that Wen Family has treated Wen Corporation and its shareholders badly, so I would like to ask Chairman Qian, by activating the smaller shareholders to take over control of the corporation, have you ever spared a thought for the larger shareholders?
“In our management style, the corporation is to place the welfare of the larger shareholders at the forefront, and if the smaller shareholders are to have profits, then what about the larger ones? What is this logic? Even if you list out the wrongdoings of Wen Family, it still cannot cover up the fact that you made use of the shareholders for your own benefit.”
Indeed, the older ones had the most experience.
Old Mr. Wen did not make any excuses for the wrongdoings of the Wen Family that Qian Jianhui mentioned. Qian Jianhui’s attempt to take over control of the corporation was for his personal benefits, and within a few sentences, he managed to reveal that he was simply making use of the other shareholders.
Qian Jianhui was speechless.
The shareholders who originally supported him did not know what to say.
“Now, as a major shareholder of the Wen Corporation, as well as the current Chairman, I shall remove Qian Jianhui from his post as a director of Wen Corporation and forcefully take over his shares, kick him out of the board of shareholders, remove Sun Yichen as a manager and assistant chairman of the directors and take back his shares, kicking him out of the board of shareholders…”
The whole chain of orders showed the Wen faction that he was still in charge of the Wen Corporation.
A majority of the shareholders had their shares removed and they were taken out of the board of directors as well as the board of shareholders.
The shareholders who were dealt with had extremely dark expressions on their faces and were angry in their hearts, but they did not dare to say anything under Old Mr. Wen’s authority.
“I order Wen Corporation’s Executive CEO Cao Zixing to become the vice-chairman, and Deputy Chief Xue Yishan to become the CEO…”
A corporation’s board of directors was made up of a variety of positions, such as the director, administrative chairman, vice-chairman, executive CEO, deputy chief and more, and both Cao Zixing and Xue Yishan had both risen in ranks.
At that stage, every rise in rank was a huge difference in power and their rights changed drastically.
Wen Xinya also noticed that the people that Grandpa had promoted were those who she trusted, and she saw that the changes that he had made would leave a gap in the administrative chairman position. She more or less understood his intentions.
He left the position for her and promoted her trusted employees in order to pave the way for her to take control of the Wen Corporation.
As the chairman, you were below just one and above ten thousand and was the highest administrative position in any company, just like the position Yan Shaoqing held in Lanxin Corporation.