Episode 118 [ I am the president (4) ]
The vice president of SG Group, who headed to China with mercenaries and awakened people, disappeared along with the people he went with.
Employees of SG C&T’s Chinese branch immediately contacted their home country and the group was shaken up.
The chairman was so angry that the group sent someone to China to find out what happened.
But they found out nothing.
All we found out was that the last place the Vice President visited was the house where a former Triad executive lived.
As people in the group started going around like that, the Chinese government and people from the Triads also began to show interest.
It was something that should not be known anywhere else. In the end, SG Group had no choice but to stop the investigation.
The news that SG Group’s vice president had disappeared was first reported briefly in an online newspaper.
But the article quickly disappeared from that newspaper as well. SG Group blocked it.
But everyone in the know realized that the vice president was missing.
SG Group’s Chairman’s Office.
Chairman Kim was staring at two documents on the desk.
One was a report with a photo of CEO Yang attached, and the other was a report from a precious metals company with a photo of the young CEO attached.
“Based on the results of our investigation so far, it appears that the Vice President went missing due to a conflict with the Triads.”
It was a story I had already heard several times.
In response to the Chief Secretary’s words, the Chairman pointed to a photo of Representative Yang.
“Whether he is guilty or not, isn’t this guy connected anyway?”
“Yes, but after what happened, he disappeared. They are looking for other charges, but it looks like they have already left Korea.”
As the Chief of Staff said, Representative Yang was enjoying a vacation in the Caribbean.
He was lying on the beach and complaining that he had become like a shrimp caught in a fight with a whale. The
Chairman used a cane to I pressed down on the photo.
“Keep looking. I can’t forgive this guy.”
“All right.”
“And…”
The chairman tapped a photo of the young president.
“There’s nothing in this one?”
“Yes. He has significant assets and has solid trust with the gold miners. The tax issue is also clean. I think it may be able to stop the business, but I don’t think it will do much damage.”
The chairman clicked his tongue softly. He was just checking to see if there was any connection.
“That’s okay. If he can’t sort it out, that’s the end of it.”
“All right.”
As the chief secretary lowered his head, the chairman sighed,
“Phew.”
He was a chairman known as an iron man, but his son went missing. There was no way it wouldn’t be difficult.
Moreover, since it was concluded that he was dead, the feeling could not help but be worse.
As the chairman closed his eyes, his daughter, who was sitting across from him, kept glaring at the chief secretary.
‘Talk quickly!’
Following his daughter’s instructions, the chief secretary cautiously opened his mouth.
“I think it will be difficult to hold on any longer. “I think we will now have to fill the executive position held by the vice president.”
The Chairman opened his eyes at the Chief Secretary’s words. He looked at his daughter.
The daughter slightly avoided the chairman’s eyes.
But his face didn’t look as scared as before.
The game was over anyway.
He wasn’t even a competitor to his other younger siblings. As long as her brother was gone, SG Group was hers.
“What you want is the position of CEO of SG Electronics, right?”
The CEO of SG Electronics, the core company of the group, was the vice president. Maybe that’s why that seat was known as the seat of the group’s successor.
She nodded. Now it was time to announce it to the world.
The chairman opened his mouth. Although he lost his son, his kingdom at SG Group had to continue.
“To hold a general shareholders’ meeting. “Promote the remaining positions internally, and let Joo-kyung take the position as CEO of SG Electronics.”
The daughter clenched her fists as she heard the chairman’s words. He was finally recognized as a successor by his father.
smart.
At that time, a secretary suddenly entered the president’s office. She approached the chief secretary and whispered softly.
The chief secretary frowned after hearing the story.
“Really?”
“yes. “A notice was just posted.”
The secretary’s voice seemed to be quite loud.
“What’s going on?”
The Chairman asked the Chief Secretary.
The chief secretary answered with a serious face.
“STIC, which recently bought SG Electronics stock, made a re-announcement a while ago.”
“Re-announcement? Are you saying you even bought more stocks?”
“yes. “I also bought more stocks.”
“Did you buy more?”
“More than that, I changed the purpose of holding stocks. “It’s not just investment, but participation in management…”
The chairman took on a serious look.
“Could it be that there was a fight?”
The chairman shook his head in response to his daughter’s question. I couldn’t figure it out yet.
In the worst case, it could be an attempt to take over management rights, or it could be an attempt to meddle here and there or ask for more dividends.
“I have to check from now on.”
The Chairman gave instructions to the Chief Secretary.
“Ask the guards we sent last time to check what happened.”
“And re-check the friendly shares and contact the Pension Service.”
“All right. Shall we postpone the shareholders’ meeting as well?”
The chairman shook his head in response to the secretary’s question.
“Check it first. “If you hesitate for no reason, it could be even worse.”
“All right.”
The chief secretary left the president’s office immediately, and the daughter also left in a hurry.
The chairman, who was left alone, was deep in thought.
Unfortunately, there was no sense of crisis this time.
‘Am I too old?’
It seemed like his son’s death was a shock. All my sensitive senses have died.
But it was not time to step down yet. It would take at least a few more years for my daughter to settle down.
The chairman patted the old desk. In the meantime, many crises have passed. However, through all the crises, the company grew like this.
This company was his forever, no matter what anyone said.
I didn’t feel a sense of crisis, but as always, it was necessary to prepare just in case.
The chairman took out his phone.
He contacted the Blue House.
“Please change the VIP.”
A moment later, the president’s voice was heard on the phone.
*
The shareholders’ meeting was not postponed.
A week later, a notice convening an extraordinary shareholders’ meeting was distributed to shareholders.
And two weeks later, SG Electronics held an extraordinary shareholders’ meeting.
day. The multipurpose hall of the SG Electronics headquarters building, the location of the shareholders’ meeting, was full of tension.
It was a meeting to decide on the successor to the missing representative.
Moreover, due to the strange behavior of foreign investors, this shareholder meeting was more stringent than ever.
All employees who owned treasury stock were attending the event with earphones in their ears, and company executives came out long before and continued to check the situation. The time for the general meeting is getting closer.
Shareholders began to gather at the event venue.
From friendly shareholders who always show up to minority shareholders who see each other for the first time. Event staff checked each and every person coming in with bloodshot eyes.
Shortly before the general meeting began, the back of the venue became noisy.
“The Chairman is coming in.”
Employees inside the event venue put their hands on their ears and looked around.
A moment later, Chairman Kim entered the hall with SG Electronics directors.
The chairman entered the hall and looked around.
It’s been a while since I attended SG Electronics’ shareholders’ meeting, but I saw some familiar faces.
He was about to go to his seat in the corner of the podium, but stopped abruptly.
“Why is he here?”
The chairman looked behind him and growled.
The directors and the chief secretary looked back.
The directors could not tell who the chairman was looking at, but the chief secretary recognized them right away.
‘Kang Kyung-hoon?’
The precious metals president who had confronted the vice president was standing at the back of the hall.
The chief secretary seemed to know what happened.
“It appears he is a minority shareholder. He must have come here after hearing that new directors were being elected.”
Puzzle.
There was a twisting sound from the chairman’s staff.
“What a horrible guy.”
The chairman glared at the young boss who had insulted his son.
Crunch.
The president, who was glaring, suddenly felt goosebumps growing on the back of his head.
He turned his head without realizing it.
I felt strange, but I couldn’t stay here forever.
The chairman went to his seat and sat down. The directors also took their seats on the podium.
Foreigners were seen in front of the podium. The chairman frowned.
“You checked everything, right?”
The chief secretary responded to the president’s words.
“Yes, we have completed confirming the friendly shares and the pension corporation shares. “I have received a power of attorney for the friendly shares just in case.”
The chairman nodded at the secretary’s words.
“Did you feel anything strange?”
“Shareholders also said they were not contacted separately. “Nothing special happened.”
It seemed like I was overly worried.
The chief secretary finished the final report and went downstairs.
And then the general meeting began.
“From now on, we will be holding an extraordinary general meeting of shareholders of SG Electronics Co., Ltd.”
In the absence of the CEO, one of the directors came forward and declared the event to be held, and the meeting passed quickly.
There was an announcement of the number of shares of shareholders in attendance, followed by the company’s report.
After sending out the previous steps, the last and most important step began.
The agenda was to appoint a new director.
“Not long ago, our CEO went missing in an accident. Since there has been no news of his death yet, it makes sense for the company to continue waiting, but we had no choice but to appoint a new director to run the company.”
The moderator’s voice was overflowing with sadness. It seemed like an expert had been brought in.
“The new director candidate recommended by the board of directors is Kim Joo-kyung.”
At the host’s words, the chairman’s daughter, who was sitting in the front, stood up and bowed her head.
There was no one in the room who did not know her.
They said they were electing directors, but they did not know that she would become the new CEO through the board of directors. There was no one there.
As soon as she said hello, hands came up from all directions. They were all friendly shareholders.
Now, all we had to do was get the consent of the friendly shareholders and vote on it. It was
the moment when the moderator was about to give the friendly shareholders the right to speak.
Foreigners. One of them raised his hand.
The host flinched. The others could ignore him, but
he couldn’t ignore that foreigner. He couldn’t stop the major shareholder, who holds 10% of the shares,
from speaking. James stood up.
“Shareholder James. no see.”
His words were immediately translated by an interpreter:
“I and our investment company cannot understand how the sister of the missing CEO can become a director of the company again. That is why we now wish to dismiss the entire board of directors and elect new ones. “I urgently agree.”
The sudden remark caused an uproar in the hall.
People shook their heads with dumbfounded expressions. They said they were major shareholders, but they would suddenly change the board of directors. It was a ridiculous story.
The host was equally dumbfounded. But since the agenda came up, I had no choice but to accept it.
“Is this a recommendation from STIC?”
“Investor STIC, Manta Group, Sonic State…”
The names of the investment groups kept flowing out of James’ mouth.
The expressions of the host and the people changed.
The companies he was talking about were all foreign investment companies that held shares of SG Electronics.
“…I brought power of attorney for a total of 20 companies.”
The faces of the directors sitting on the podium turned white. The same was true for the chairman and the chief secretary.
The stocks of those investment companies combined accounted for over 30%. It was a stake that could not be beaten even including the pension system!
“Who is recommending Chu?”
The host’s voice trembled.
The woman sitting next to James stood up. She took off her sunglasses and looked behind her.
“oh my god. “It’s Dr. Hyerin!”
“Aren’t you the CEO of Natas?”
Amidst the startled voices, the interpreter’s voice continued.
“Dr. Hyerin said she would use her new research to benefit her country, and our investors intend to support her.”
Next, the names of other director candidates came out, but people were so focused on Hye-rin that they didn’t even listen.
The directors and the chairman’s daughter all looked at her with blank expressions, but the chairman was looking somewhere else.
I couldn’t understand it, but the chairman was more concerned about one person than everyone else.
The young boss stands at the back of the hall and watches all this happen.
Sigh.
He was now smiling at the president.
