The Bodyguard King’s CEO Wife
Chapter 343 - 343 343 External Shareholders

343: Chapter 343 External Shareholders 343: Chapter 343 External Shareholders Both parties hold the same decision-making power regarding their shares, thus creating a deadlock.

“Vice Chairman Wu, according to the rules, the Family Head personally holds 15% of the Wu Family’s decision-making shares.

That is to say, Mr.

Wu Yu has the right to oppose you on the issue of selecting the Chairman,” Lawyer Wang stood up and said.

Not long ago, when Wu Zijian took the stage and some executives were suppressed, they were planning to resign.

However, they eventually chose to stay after being fully persuaded by Wu Yu.

They never expected that their return to Wu Group would come so soon, so naturally, he would not give up this opportunity to help Wu Yu take control of Wu Group.

“Lawyer Wang, although those are the regulations, it doesn’t mean that the shares held by the Wu Family members must be controlled by Wu Yu.

They have the right to abstain,” rebutted Lawyer Li, who was next to Wu Ke.

“Ladies and gentlemen, it’s your turn to choose now,” Wu Ke sneered twice and then turned to the Wu Family members on the right.

“I abstain.”

“I abstain.”

“I too, abstain.”

…..

The Wu Family members quickly understood Wu Ke’s intention—it was clearly a blatant act of canvassing votes.

The spoiled rich kids knew what would happen if Wu Yu came into power, so without exception, they decisively chose to help Wu Ke.

Only with him as the Chairman could they keep their jobs secured.

After all, spoiled rich kids are short-sighted, simply fence-sitters.

To them, it didn’t matter who ran the Wu Family as long as they got their benefits.

They thought that with Wu Ke in control of the group, they could continue to indulge as they wished, but in fact, that was not the case.

Wu Ke was a shrewd person; by promising benefits now, he merely sought their support.

Once successful in his rise, these corporate parasites would eventually be driven out.

Wu Yu was simply furious, determined to eventually drive these people out of the company.

“Since everyone has abstained, I believe the outcome is clear now, my dear nephew, this is the will of the people,” Wu Ke said hypocritically, then walked towards the center.

That was the Chairman position of Wu Group.

“Uncle, wait a moment, I think you need to wait a bit longer,” suddenly, Wu Yu sneered lightly and spoke indifferently.

“Oh, what more do you have to say, nephew?

At this critical juncture for the group, time is of the essence.

If there is no urgent matter, let’s not deliberately delay,” emphasized Wu Ke, stressing the word ‘deliberately’ to make everyone think Wu Yu was making a desperate struggle.

The executives on the left looked dejected; they had worked hard for Wu Group for over a decade, yet this was the result—they couldn’t compete with a bit of stock, which benefited those who were incompetent, and they felt aggrieved.

“It’s indeed an urgent matter, although all the relatives have already abstained.” Wu Yu looked over at the opposite side and said in a cold voice, “But such a major decision as electing a Chairman, shouldn’t we wait until all shareholders have voted before deciding?”

Wu Yu’s words burst like a bomb, changing everyone’s expressions, especially Wu Ke’s.

Since the ancestors of the Wu Family, an unwritten rule was established: a 70-30 split, the Wu Family must control seventy percent of the shares to ensure the significant power of Wu Group does not fall into others’ hands.

Thus, regardless of internal changes and competition within the Wu Family, people from outside families could hold at most thirty percent of the shares.

And the ‘all shareholders’ Wu Yu mentioned referred to those outsiders who held thirty percent of the shares in Wu Group.

“Ha ha, nephew, you make some sense.

It’s a company after all, not a dictatorship.

Let’s be democratic.

However, today, the representative of the external shareholders, Old Lu, isn’t here,” Wu Ke said.

Generally, these thirty percent of the shares are distributed among sixty to seventy shareholders.

For convenience in decision-making, these shareholders must vote first, and then one representative from the external shareholders, typically the one holding the most shares, makes decisions for the company at headquarters.

Previous Family Heads always made sure to maintain good relations with the shareholder representative to secure strong external support.

Wu Ke’s mentioned “Old Lu,” whose real name was Lu Da, was the current external shareholder representative.

“Thump, thump, thump.” At that moment, the meeting room door suddenly sounded, and everyone looked towards the door in unision.

“Ha ha, I guess it must be Old Lu,” Wu Ke said with a light smile, and went to open the door himself.

“Um, may I ask who you are?” As soon as Wu Ke saw the face outside the door, he was bewildered.

Who was this?

He had never seen this person before.

The visitor didn’t speak but gently pushed past Wu Ke and walked straight in, facing the people inside.

None recognized the newcomer, except for an excited Wu Yu.

“Mr.

Ye, you’ve finally arrived,” Wu Yu excitedly stood up, walked forward, and shook his hand tightly, leaving everyone else dumbfounded.

A bad premonition flashed through Wu Ke’s heart—yes, the newcomer was none other than Ye Shikai.

“Ahem, Mr.

Ye, may I ask where my seat is?” Ye Shikai coughed lightly and spoke to Wu Yu.

“Mr.

Ye, please, this way,” Wu Yu took Ye Shikai’s hand, led him to the other end of the long table to the center, and pulled out a chair for him.

Ye Shikai made no fuss and sat down abruptly, causing everyone to inhale a sharp breath of cold air.

This was the seat of the external shareholder representative, but now, a stranger was sitting there.

“Who are you?

Get up from there right now,” a Wu Family member couldn’t help but curse loudly.

“Wu Yu, who is this person?”

“Where is security?

Get this person out.”

…..

Those Wu Family members on the right side cursed loudly, anyone could see that this person was Wu Yu’s accomplice.

“My friend, may I ask who you are?” Although Wu Ke’s expression was solemn, he still forcefully suppressed his discomfort and anger, trying to ask politely.

“Isn’t this a Wu Group internal meeting?

I should not be in the wrong place,” Ye Shikai feigned surprise, looking around, and asked in confusion.

“Indeed,” Wu Ke said.

“Then that’s correct, I am here for the meeting,” Ye Shikai said coldly.

“Kid, what is your identity, and what right do you have to be here for the meeting?” a Wu Family member sneered.

“Ha ha, good question, let me show you who I am!” Ye Shikai laughed instead of getting angry, and amidst the astonished gazes, pulled out a document from his bag.

“Lawyer Wang, please pass this to Vice Chairman Wu,” Ye Shikai spoke lightly.

As Wu Ke flipped to the first page of the document, his entire demeanor turned frosty, his face filled with gloom and his hands trembling uncontrollably.

“Bang.” Suddenly, the document fell to the ground, the sound echoing in the silent meeting room.