Open business day-to-day

Chapter 419 Equity Incentives

Next is the vice president, Xu Zhe. Although he joined the company a bit late, he has been in the company for more than a year, and his qualifications are relatively advanced.

He himself is a master in management, with a bachelor's degree from Peking University's Guanghua School of Management and a Ph.D. from Harvard.During the working period of McKinsey, the world's number one management consulting firm, he showed extremely strong ability and talent.

After joining Weiyang Technology, Weiyang Technology has performed extremely well in various organizational structure adjustments, improvement of management system, creation of company culture...etc.

It has made great contributions to the healthy development of the company and the improvement of efficiency.

The company has expanded so fast, with so many employees, and it can still be organized and orderly, thanks to Xu Zhe's contribution.

In terms of ability, position, contribution and qualifications, it is very appropriate to be placed in the second tier.

……

Lin Rui was also very generous with this level of rewards.

For these five people, Lin Rui decided to give each employee an option reward of 1.1% of the employee shareholding platform, including 110 million shares of Weiyang Technology.

At $98 each, 110 million shares are worth $1.078 million.

Equivalent to holding a 0.11% stake in Weiyang Technology.

The total number of stocks held by the five people is more than that of Li Yaqin and Zhao Yan.

There is no need to hide such news, Lin Rui revealed it a little, and they fell into surprise.

simple.Koum is better, as the founder of WhatsApp, after WhatsApp was acquired, according to his shareholding, there are 8000 million US dollars left after paying taxes.

Faced with more than 1 million US dollars in equity incentives, although pleasantly surprised, it quickly recovered.

Like Tan Yuanming, it is different.When I heard the news suddenly, I was shocked and pleasantly surprised.

Before he started his business with Lin Rui in 2010, his annual salary was only about 20 yuan, he drove a BYD, and he still had a house at home and needed to repay the mortgage.

Not even the middle class, but a senior code farmer with certain management skills.If you don't meet Lin Rui, in his state at the time, if you are over 35 years old, you won't be popular.

Up to now, it may be just a busy migrant worker, a senior code farmer with better skills.

Now, because of starting a business with Lin Rui, he directly embarked on the fast track of life, leaping from the ordinary class to the rich class.

Assets have increased hundreds of times, reaching hundreds of millions of dollars, completely realizing the freedom of wealth.

All this is like a dream to Tan Yuanming.

More than two years ago, if someone told Tan Yuanming that you would become a billionaire in two years, he would absolutely scoff at him and dare not even think about it.

Unexpectedly, reality is more dreamy than imagination, and everything came true so easily.

This made him not shocked, not surprised, and very grateful for his choice more than two years ago.

In the past, he was regarded as an ordinary person among his classmates, and he was very envious of those few classmates who were worth tens of millions or even hundreds of millions, and who were very good at it.

Now, the situation has changed drastically. Whether it is wealth or position, he is definitely the most powerful among his classmates.

Even in the entire Shangzhou University, among the tens of thousands of fresh graduates in the same class as him, he should be the best among them, or even not one of them.

I attended a class reunion some time ago, and he was almost the most dazzling presence on the scene.

The same is true for Han Yunsong. Before joining Weiyang Technology, as an office worker with an annual income of over 10 yuan, no car, mortgage repayments, and a large family to support, he never thought that such a day would happen to him.

At that time, facing Lin Rui's invitation, he just felt that the treatment was very good, and it was not a bad idea to join in and give it a try, and even planned to go to the devil's capital.

Today, he is also very grateful for the decision at that time.

In more than two years, he has just been laid off from an office worker who wants to go to the magic city and has a big family to support.

Taking the fast lane of Weiyang Technology, not only the individual has been trained, but also the ability has been greatly improved.

His net worth has increased by a hundred times, reaching hundreds of millions of dollars, completely realizing the freedom of wealth.

In the future, with the further development of Weiyang Technology, this $1 million will become $2 million, $3 million or even more.

In more than two years, from an ordinary family to a net worth of hundreds of millions, he realized the freedom of wealth, which made him feel a lot of emotion.

I'm even happier with my choice.

If you had a fever at the beginning, go to the devil city to wander.

For more than two years, no matter how well he mixes, the annual salary will be hundreds of thousands at most, which is incomparable with the present.

The same is true for Shang Yansong. Before joining Weiyang Technology, although he was already an executive with an annual salary of hundreds of thousands, he stepped into the threshold of the middle class.

However, in two years, from the deputy director of a media company to the director of the world's top technology company, the span between this is so large that it is hard to imagine.

Now, with this equity incentive, his net worth has increased by a hundred times, and he has become a billionaire, which makes Shang Yansong excited and deeply moved.

Thank you for your choice.

With ease, he achieved a leap in class, from middle class to rich.

You can imagine the shock and surprise in my heart after hearing the news.

The same is true for Xu Zhe. Although he has a high starting point, he was the vice president when he first joined the company, with an annual salary of 510 million.

Some time ago, the salary was adjusted, and the annual salary increased by 300 million to 810 million.

However, with his income level, it is okay to be a very high-quality middle class, but it is too difficult to become a rich man.

Now that an option worth 1 million US dollars suddenly fell on his head, why not be surprised and inexplicable.

With his current income, even if he works for a lifetime, it is impossible to earn so much.

He never imagined that just over a year after he joined Weiyang Technology, he would have complete financial freedom and become a billionaire.

This made him very grateful for his choice more than a year ago.

Sometimes, choice is more important than hard work.

Of course, it's also the reason why he is good enough himself, otherwise Lin Rui would not be able to poach him to become the vice president, this is the premise of everything.

The five Xu Zhe in the second tier hold a total of 5.5% of the options on the employee stock ownership platform; Li Yaqin and Zhao Yan in the first tier hold 4.4% of the options on the employee stock ownership platform.

The seven people in the first and second tiers together hold a total of 9.9% of the options of the employee stock ownership platform, 990 million shares, accounting for 0.99% of the total equity of Weiyang Technology.

Looking at the shareholdings, the six people add up, and the shareholdings are less than 1% of Weiyang Technology.

Lin Rui had to sigh with emotion that Weiyang Technology's valuation of US$980 billion this time is indeed very impressive.

Next came the third tier, and the number of people began to increase. A total of more than 20 executives were shortlisted, and the amount of options was no longer the same.

First of all, Li Xueming, this is a very capable and talented person, and he is even more capable in operation.After joining the company, Weiyang Weibo has developed extremely well under his hands, which is the basis for the company's rise.

He has made great contributions to the development of Weiyang Technology to the point where it is today.

Lin Rui thought for a while, and gave him 0.8% options on the employee stock ownership platform, a total of 80 shares, worth 7840 million US dollars.

Equivalent to a 0.08% stake in Weiyang Technology.

These amounts, converted into RMB, are close to 5 million yuan, which is worthy of Li Xueming's contribution to the company.

Next is Vice President Liu Heng, an executive with a technical background, who is also a top talent in the industry.Tsinghua undergraduate, Stanford Ph.D. Since practicing, he has performed extremely well.

After joining Weiyang Technology, his own abilities and talents were quickly revealed, and he put forward constructive suggestions for the company in many aspects. The acquisition of WhatsApp was his proposal.

Since the company acquired WhatsApp, it has completely opened up the situation, entered the mobile Internet industry, and expanded its business to the world.

WeChat accounted for a large part of the reason for the high valuation of this financing.

For this, Liu Heng contributed a lot.

Lin Rui thought about it, and gave him a 0.75% option reward for the employee stock ownership platform, a total of 75 shares.

At $98 per share, 75 shares are worth $7350 million.

Equivalent to holding a 0.075% stake in Weiyang Technology.

Next is Liu Wei. Since joining the company, Liu Wei has shown a very high marketing talent.

He has made great contributions to manipulating the navy, designing various marketing plans, and launching various businesses of the company.

Weiyang Weibo was developed all the way under the hands of him and Li Xueming.

For Liu Wei, Lin Rui attaches great importance to it, and will not let his contributions be buried.

After thinking about it, he was given a 0.68% option reward for the employee stock ownership platform, a total of 68 shares.

At $98 per share, 68 shares are worth $6664 million.

It is equivalent to holding a 0.068% stake in Weiyang Technology.

worthy of his dedication.

Then there is Liu Hao, the head of the game department.

Although the game department has now been split into web games, mobile games, and client games, and many experts in the industry have been recruited to be in charge, Liu Hao is only in charge of the client game segment.

However, the game department that Liu Hao was in charge of at that time developed very well and contributed a lot of cash flow to the company.

This alone is indispensable.

Naturally, Lin Rui would not let his contribution be buried.

After thinking about it for a while, he decided to grant Liu Hao a 0.55% option reward for the employee stock ownership platform, a total of 55 shares.

At $98 per share, 55 shares are worth $5390 million.

Equivalent to a 0.055% stake in Weiyang Technology.

I am worthy of his dedication to the company.

Next is Sun Yutong. Although the two have a close relationship, Sun Yutong's contribution must be affirmed.

First of all, as a group of people who joined the company very early, they are regarded as the veterans of entrepreneurship.

Furthermore, Sun Yutong, as Lin Rui's assistant at the time, was regarded as the company's middle and high-level managers, assisted Lin Rui in handling various matters, and also made considerable contributions to the company.

Later, after asking for her opinion, Lin Rui sent her to set up a live broadcast platform and enter the live broadcast industry.

Starting from scratch, Sun Yutong built the Youyi live broadcast platform, which ranks first in the industry today, showing strong ability and skill.

Made great contributions to the company.

Lin Rui naturally wanted to reward her so that her efforts would not be buried.

After thinking about it, he gave Sun Yutong an option of 0.45% of the employee shareholding platform, a total of 45 shares.

At $98 per share, that's worth $4410 million.

Equivalent to a 0.045% stake in Weiyang Technology.

Chen Fan was then rewarded. As the president of Weiyin International Investment Company, Chen Fan has not worked in Weiyang Technology, and he has not joined the company system for a long time. He just joined the company in November last year.

But after joining the company for such a short time, he has made great contributions to the company.Among other things, buying shares in Ali, acquiring Zhanrui, Diruike... and buying shares of SMIC and BOE in the market, becoming a major shareholder.

His contributions are indispensable behind the scenes.

Although Lin Rui has already offered him a very high annual salary, it is natural to reward this kind of talent and bind him with benefits.

Weiyang Technology's 7-year equity incentive is an excellent way.It is an extra reward, and binds the other party with benefits.

After thinking about it, he gave Chen Fan employee stock ownership platform, 0.4% options, a total of 40 shares.

At $98 per share, that's worth $3920 million.

Next came Zhou Wenfeng, the president of Weiyue Culture Media Company. Weiyue Chinese website was developed under his auspices. After the acquisition of Shanda Literature, he became the president of the new company.

Also made a lot of contributions to the company.

Lin Rui thought for a while, and gave him a 0.32% option reward for the employee stock ownership platform, a total of 32 shares.

At $98 per share, that's worth $3136 million.

Then came Tao Yi, the person in charge of Shangdong Music Platform. With the support of Weiyang's technological resources and financial resources, he single-handedly created the largest original music platform in China.

After thinking about it, he decided to reward him with 0.28% options on the employee shareholding platform, a total of 28 shares.

At $98 per share, that's worth $2744 million.

There is also Song Zhixing, the legal director of Weiyang Technology, who has made a lot of contributions since joining the company.

The trademark lawsuit with Tencent was handled by him alone, and it was completed beautifully.

Lin Rui thought about it, and decided to reward him with 0.25% options on the employee shareholding platform, a total of 25 shares.

At $98 per share, that's worth $2450 million.

Then there were more than a dozen company executives... Each of them was awarded between 30 shares and 10 shares.

Then came the last one in the third tier, the position is only the deputy director, which is the lowest equity incentive position so far.

However, Yu Hui, the deputy director of the finance department, has very old qualifications. He is in the same group as Liu Wei and Li Xueming. He joined the company in July 10.He took charge of the company's finances as a deputy director, and didn't let go of the burden until Zhao Yan joined the company and took charge of the company's financial work.

However, she was also Zhao Yan's right-hand man after that.

Lin Rui thought about it for a long time before finally deciding to add her to the third tier list.

Reward her with 0.1% options of the employee stock holding platform, a total of 10 shares.

At $98 per share, that's worth $980 million.

Compared with the previous executives, it seems not much, but there are still 6000 million yuan, which can be regarded as wealth freedom to a certain extent.

These more than 20 company executives, from low to high, 80 shares more and 10 shares less, Lin Rui awarded a total of 750 million Weiyang Technology shares.

It accounts for 7.5% of the employee stock ownership platform and 0.75% of the total shares of Weiyang Technology.

These shares are the same as the first tranche and the second largest tranche, and they all have a seven-year exercise time. After 7 years, these stocks can completely belong to them.

Similarly, 20% of the rights can be exercised in the first year, and 2% of the rights can be exercised every year for 6 years from the second to the sixth year.

In the seventh year, the remaining 7% can be exercised.

If you resign in the middle, except for the stocks that have been exercised, the rest will naturally be gone.

This is exactly the purpose of equity incentives.

(End of this chapter)