The board meeting has become increasingly tense. Everyone knows that the result will be revealed soon...
Will the "rebellion" launched by John Smith, the youngest son of the Sinclair family, be successful, or will David Smith, the eldest son of the family, be able to defend his throne?
Debbie Hogan, the chief legal officer of Sinclair Group, was still presiding over the meeting. She looked at Ivanta, the representative of IC Capital who was the last to arrive at the meeting.
But before she opened her mouth, Ivanta said:
"As a new member of the board of directors, I hope to listen to other people's opinions first for reference, so that I can be more fair in this choice that concerns the future of the company. What do you think, Ms. Hogan?"
On the side of Ivanta was a representative of the Pilot Group. When he was about to say something, Debbie Hogan said:
"I can understand that. So what is the choice of the Pilot Group?"
The board member of the Pilot Group frowned slightly, looked around, and met John Smith's gaze, sensing the expectation in his eyes...
He hesitated for a moment and said,
"We agree with Mr. John Smith's opinion..."
As soon as he finished speaking, he suddenly paused. His phone received a text message...
After calmly confirming the content of the text message, he continued:
"Although we also believe that Sinclair Group's operations need to change in order to give investors a better development prospect, we have no intention of intervening in your family's internal conflicts and hope that any decision will not affect the company's development... So we choose to abstain."
When the representatives of the Vanguard Group finally announced that they would abstain from voting, the expressions of others varied.
John Smith looked at the other person in disbelief, but the other person did not look at him. Instead, he looked at his nose with his eyes and his heart with his nose, like an old monk in meditation.
David Smith smiled and raised his head again like a victorious lion king.
"Excuse me, Mr. Amber Sheen of DS Capital, what is your opinion?"
Now, DS Capital is John Smith's last hope. As long as they still support him, in the worst case scenario, he can draw with the opponent. In this way, he still has a chance...
But the voice that came from the long-distance phone call next made John Smith feel like he was falling into an ice cave.
"We chose to abstain."
It was just such a simple sentence, and then there was no sound.
This also shows that John Smith's two "allies" chose to betray.
Just as his face turned pale, the final decision fell to Ivanta, who represented IC Capital.
"As shareholders in Sinclair Group, we want the company to remain stable, particularly at such a difficult time, and therefore we have chosen to oppose today's proposal."
Ivanta's speech meant that the winner had been decided.
"A total of 11 board members voted on Mr. John Smith's proposal to remove Mr. David Smith from all positions in the company. Five voted against, four voted in favor, and two abstained. In the end, Mr. John Smith's proposal... was not passed!"
Although this summary by Debbie Hogan, Sinclair Group's chief legal officer, represents that today's board meeting has reached a final result.
John Smith seemed to have been drained of all his strength and slumped in his chair...
"John, it's okay, we still have a chance..."
A pretty, tall, plump woman with a mature charm turned to John Smith and whispered.
She was John Smith's sister, the fifth child and the only girl in the family, Barbara Smith.
Although Barbara Smith and her brother, who share the same mother as them, were also in a low mood after today's failure...
However, John Smith seemed not to hear these words at all, and just murmured:
"Liar, all liars..."
In addition to them, another board member who had just stood on John Smith's side, the black female representative from Fidelity Investments, also looked very depressed.
Just when they wanted to leave here...
"Bang~bang~"
David Smith patted the table and said,
"It's a pity, my dear brother, your rebellion has failed. But since everyone is here today, I would like to take this opportunity to have the board of directors vote on another matter."
In the vote just now, David Smith received more votes in support and seemed to be in a good mood:
"I'm sure you all know that my father just passed away not long ago, and I am also immersed in grief. However, as the CEO of Sinclair Group, I have seen bad signs, especially after what happened today. What happened in this room may be reported in the newspapers tomorrow, or even tonight."
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"We have lost the great founder of the group and are now facing internal strife. If this matter is widely reported, it will be a devastating blow to our company and its stock price. The only way to gain the public's trust is to elect a new chairman as soon as possible and let everyone know that the Sinclair Group will not fall and will continue to conquer cities and territories under the leadership of the new chairman..."
"That's what I want to say. I hope that with all the board members here today... uh, Ms. Amber Sheehan of DS Capital is also online via remote call, so the most important thing now is to elect a new chairman."
It seemed that David Smith was very smart. He seized the opportunity when he was in an advantageous position and proposed to elect a new chairman. Who else in the field could be more suitable for this position than him?
"I object!"
It seemed that at this time, John Smith finally realized David Smith's intention, and he shouted loudly.
"Shut up! You loser, my cowardly and stupid brother, you should hide in the corner and cry now instead of embarrassing yourself here. You have lost enough votes, and I can tell you that anyone who continues to stand with you will be kicked out of the company!"
"You..."
"Ms. Hogan, I think some people are trying to cause trouble, and security should kick them out of here..."
Hearing David Smith say this to her, Debbie Hogan hesitated - after all, although John Smith had failed in the "power grab" just now, he was still a member of the board of directors...
"Mr. David Smith, I think your proposal is too urgent. We don't have enough time to discuss it, and we may not be able to make a rational decision. In addition, if you really want to vote on your proposal in accordance with the process, then Mr. John Smith should not be driven away..."
This statement was made by a representative of the Vanguard Group.
What's interesting is that after he said this, Ivanta, the representative of IC Capital who had just stood on David Smith's side and cast a crucial vote, actually said:
"I agree with what you just said. Although what you said makes sense, Mr. David Smith, we need to give the public confidence by appointing a new chairman, but this should not be a hasty decision…"
If possible, David Smith certainly hopes to cut the Gordian knot and take advantage of the "afterglow" of his victory in the vote to win the position of chairman of the Sinclair Group in one fell swoop. In this way, he can legitimately take control of the company and even begin to eliminate traitors in the family such as John Smith.
But now, the two board representatives, Vanguard Group and IC Capital, have joined forces to oppose the immediate continuation of the chairman election. After that, representatives from Fidelity Investments and Bank of New York Mellon also echoed this point...
David Smith was not too surprised by this, including Ivanta's "rebellion", because he understood that it was time to exchange interests...
"It's eleven o'clock now. We will take a three-hour break. At two o'clock in the afternoon, we will convene the board of directors again to vote on the chairman. Do you have any objections? In addition, for the benefit of the company, we will provide rest rooms and food during this time, but please do not leave the building."