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American Fortune Life - Chapter 1676

Published at 7th of November 2021 07:56:54 AM


Chapter 1676: 1676

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The governance of Apple's board of directors has always been the focus of attention. In recent years, the company has encountered many problems, including options backtracking, the mystery of jobs' health status, and doubts about CEO succession plan.

Inside apple, jobs has long been pressuring the board. According to Andy's internal information from a large population, when Apple was in trouble in 1997, jobs, who had been expelled from Apple earlier, asked most of the company's directors to resign.

At that time, there were only two directors on Apple's board who jobs asked to remain. As soon as jobs returned to apple and regained power, he denounced the original board for "messing up everything.".

Since then, Mr. jobs has been in close control of the company, and directors rarely challenge him. As this year, when jobs hid his health, the problem became more obvious.

After being significantly emaciated, jobs took nearly six months of sick leave in early January 2009, with little explanation. Outside, I'm afraid Andy knows that Jobs is preparing for a liver transplant, and Apple Corp and investors have no idea.

It can be seen to what extent jobs controlled apple!

At present, most of the directors on Apple's board of directors are carefully selected by jobs. Not only do they have no objection to jobs, but some of them admire him very much and think he is a genius.

At present, Apple's board of directors, including jobs, has only six members, which is the smallest one among the Fortune 500 companies. Despite Apple's continuous excellent financial performance, investors have been urging Apple's directors to be more independent of jobs.

An independent board of directors represents the interests of shareholders and can challenge the CEO when needed.

Jeremy York, a senior director of apple and chairman of the audit committee, was very disgusted with jobs's cover up of his physical health. When he persuaded Andy on the phone, he said that the only reason why he didn't resign at that time was that he didn't want the outside world to guess the reason for his resignation. Quite frankly, I wish I had quit at that time.

However, he also admitted that once he left, Apple's board of directors had less power to supervise and restrict jobs.

“。。。 Andy, I sincerely hope you can join the board of directors. Although it's only a part-time job in the Nomination Committee for the time being, your joining will also make shareholders and other investors feel relieved. "

In the auditorium of Apple's headquarters, Andy and many major shareholders sat together, watching six board members, three committee members and several independent directors, listening to cook, who was temporarily acting as Steve Jobs, doing the work report.

Andy glances at Avon CEO Jung Binxian, who sits next to him. According to what York told him, although Jung looks not so good, her ability and influence are extraordinary. She is not only an independent director of apple, but also a director of general motors. This time, she will be nominated as a member of the audit committee and a member of her own bullshit Nomination Committee Will be totally different in power.

It seems that the other side also noticed Andy's eyes. The strong Chinese American woman smiled and nodded to Andy, and Andy also responded with a smile.

“。。。 Interesting. "

Andy is like a bystander. He looks at several people who really control Apple company in the middle of the field. He looks dignified and frowns. From time to time, he can see someone looking at cook with strange eyes. He has heard an uncertain news before, because jobs asked for leave suddenly. Although jobs hid his illness well, there are still many guesses about his health The situation is already very dangerous.

Some members of Apple's board of directors have discussed CEO succession with headhunters, and have approached at least the head of a major technology company. Although it does not seem to be doing this on behalf of the board as a whole. But at least a sign that the board is not buying into Mr Jobs's choice of cook as a successor.

The rumor even alarmed jobs, who was recovering from illness, to respond to the incident in an email intentionally disclosed to the outside world to the general meeting of shareholders, saying that "there is no point in finding a successor to the CEO."

So now Apple's board of directors is in a dilemma. If the board doesn't start actively looking for a successor to the CEO, problems will follow. But there are also problems if board members look for successors in this "informal" way.

Similarly, cook, who is reporting to the shareholders, is the most nervous, disturbing and uncomfortable person. Joe doesn't know how long he can last. He knows very well that without the support of Joe, let alone the CEO's throne, even the current position may not be preserved, and the sharks in the board of directors will tear him apart.

Joe is just on vacation. The group will start to make small moves. If they can't get off the operating table...

Cook was afraid to go down.

"Pa Pa Pa --"

after the warm applause, cook stabilized his mind and continued the next process of the general meeting of shareholders, that is, the addition of Apple's new directors, and the chairman of the nomination committee responsible for the nomination and review of directors took over the right to speak in the warm applause."According to the nomination of Apple shareholders and the decision of the board of directors after discussion, the board of directors of Apple formally invited Mr. Andy Smith to join the board of directors of apple as an independent director to serve as a member of the nomination committee.

Andy Smith, currently studying at the University of California, Los Angeles, has founded Mockingbird game company since 2006, served as chairman of Marvel group since 2007, and founded app mall, musika cloud computing company, WhatsApp company, INS company and other IT companies. In 2008, he served as chairman of NBC global, chairman of Qualcomm, and leader in high technology and media Domain enjoys a high reputation... "

The chairman of the nomination committee introduced Andy Smith's background to all major shareholders, the board of directors and Apple executives, and highly recognized Andy's talent and achievements.

"Andy Smith is first and foremost an IT Engineer and a successful business leader, and we are very pleased that he has joined the board of directors of apple."

"Pa Pa Pa --"

applause thundered, Andy stood up with a smile on his face, nodded gracefully and calmly to all the people around him, and thanked them for their applause and support. Although the current apple stock price is not too exaggerated, the shareholders who can sit here hold at least one percent of the shares, that is to say, at least a billionaire A large group of billionaires and business representatives give face so much that Andy can't be indifferent.

"Thank you. Thank you for your support... Thank you. "

After four weeks of thanks, Andy smiles and shakes hands with Apple board members.

"Mr. Smith, you are welcome to join the apple family. I hope you will enjoy your cooperation in the future."

"Thank you." Andy looks at cook with a smile on his face and shakes hands to thank him.

"Apple is a great company..." As the new director of apple, Andy begins his "speech"... Thanks for the invitation from Apple shareholders and the board of directors. It's really a very happy and exciting invitation. I will take my responsibilities as an independent director of Apple seriously and fully participate in the activities of the board of directors of the company. Thank you. "

"Pa Pa Pa --"

applause again, Andy slightly leaned over to thank him, and then sat in the Apple board seat. After that, Andy just smiled and watched Ms. Zhong, Avon's CEO, was elected as the joint director of Apple company in the more enthusiastic applause, and was elected to the audit committee. To be honest, Andy really admired this Chinese American woman, a middle-class family The so-called glass ceiling has been broken by Chinese American women of birth. As long as people who have a deep understanding of American society know how difficult it is, it can even be said to be a miracle.

‘。。。 She does shine. I think we have found an outstanding co director. "

"Oh, yes."

Andy nodded and make complaints about the chairman of the nomination committee sitting beside him. He laughed and sighed in a low voice. But in his heart, he really did not understand the aesthetic sense of East and West. Was he really different?

No, at least my own aesthetic is very normal. There is no face blindness in the West that Oriental people see. Who is not a beauty recognized by both the East and the west?

Tut tut.

A group of people who have never met the world...




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