In order to keep the new CEO long-term and inspire loyalty, Iris made a decisive choice—she granted 5% shares of Phantom Dragon Funds to him.
This was one of the things she learned from Grandpa Lu. People would work harder when they knew that their own interests would be affected.
And it really worked.
Once he received the ownership certificate for the 5% shares, the CEO became even more motivated. If not for Iris' stern reminder not to put in unnecessary overtime, then he would probably live in his office and work all hours of the day.
Phantom Dragon Funds was only established very recently, and yet it already had stakes in various successful businesses not only in the domestic market but also internationally. Its aggressive acquisition of Long Industries' scattered shares wasn't viewed as anything special because Phantom Dragon Funds was also doing it to other companies.
However, many were skeptical about Phantom Dragon Funds' investment focus.
