My Age of Investment

  Chapter 187 Chief Human Resources Officer

  Not for a while.

  A graceful white woman with dark brown hair in her early thirties stepped on high heels, knocked on the door with her bag and walked into the meeting room.

  Brayer stood up and shook hands with the other party, and quickly introduced the two parties.

  "This is Ms. Lori Greer, currently serving as general manager of store operations at eaby."

  "This is Darren, the CEO of Facebook..."

  "This is Mr. Andrew, a shareholder and director of Facebook..."

  Xia Jingxing and Andrew shook hands with Luo Li respectively. After a while, everyone sat down and began to chat about the subject.

  Luo Li handed a resume to the three of them and quickly introduced herself.

  Xia Jingxing listened and scanned the other party’s resume.

  Bachelor from Yale University, MBA from Harvard Business School, and Master of Public Policy from Harvard Kennedy School of Government.

  Responsible for consumer product business strategy and planning at Disney, co-founded a maternal and child e-commerce website and obtained financing, and later went to eaby, responsible for marketing strategy, brand management, advertising and consumer promotion, etc.

  Xia Jingxing admits that his academic qualifications and resume are impeccable, but Facebook wants to hire CHO (Chief Human Resources Officer), which does not match the past resume of the lady in front of him.

  Xia Jingxing reminded, "Luo Li, do you know what position Facebook wants to recruit?"

  Luo Li smiled and nodded, “I know, it’s CHO. This doesn’t match my previous resume. It’s not a small challenge for me, but I’m confident that I will take up this position well.”

  This made Xia Jingxing and Andrew interested, but Breyer laughed and said nothing.

   "Let me briefly talk about my views on Facebook!"

  In order to dispel employers’ worries, Luo Li slowly said after receiving this offer: “It’s been a year and a half since Facebook went online, and it’s only a year to register a company. The company is very young and the employees are very young.

  This is a good thing, but also a bad thing.

  Young company means that the department is not bloated, and the transmission of messages and orders is rapid and flexible;

  The age structure of employees is becoming younger, which means that the grasp of the market needs of young users is more sensitive and accurate.

  But now Facebook has broken out of the campus market, facing more and more sophisticated people, and even entered the international market.

  A team that is too young will definitely have insufficient business experience, especially the operating department, which needs to supplement a large number of people familiar with the international market.

  Some time ago, Facebook appeared some negative public opinion on the Internet. Although it finally calmed down, it also exposed the lack of Facebook in the construction of public relations departments and government public relations.

  During my stay at eaby, I witnessed eaby's expansion from a small company with dozens of people to a large company with thousands of people, and was also responsible for the international market.

  I believe that my experience can help Facebook.

  In the process of developing from a small enterprise to a medium-sized enterprise or a large-scale enterprise, there will definitely be an imbalance in the ratio of manpower..."

  Xia Jingxing nodded secretly, which is why he introduced foreign executives.

  The growth rate of Facebook is too fast, and the growth rate of many employees of the company cannot keep up with the growth rate of the company.

   Facebook has now entered the international market, but many employees have no experience in international market expansion at all.

  A big change of blood won't be enough!

  But some more experienced middle and senior management must be introduced.

  Doing so will definitely stimulate the nerves of the company's veterans, and maybe it will also produce resistance.

  Having been working for so long and not ascending up, the position was suddenly taken over by the airborne management.

  The capable ones go up, and the weak ones go down. This is the eternal truth.

  But if the methods are used too crudely, it is likely to cause company turmoil and large-scale resignations of employees. This will greatly affect the development of Facebook. Maybe the expansion speed will slow down.

  Xia Jingxing doesn’t have so much time to appease employees, so she can only find a chief human resources officer who has the skills and ability.

  The other people in the company are too young and lack experience to do this job.

  Xia Jingxing didn't talk about other things, so she chatted with Luo Li on the topic of "human resource management".

  Although the other party is not from a human resources background, he has started a business and worked in a large Internet company such as eaby. He has the insight and practical ability. The conversation shows that he is no weaker than a professional human resources officer.

   "By the way, this is a human resource planning form that I made based on what I know about Facebook. Three people can take a look."

  Speaking, Luo Li took out three more documents from her bag and handed them to Xia Jingxing.

  Xia Jingxing read carefully for a few minutes, and then glanced at Andrew, who was looking up after reading the file, and both were very satisfied with this Luo Li.

   So Xia Jingxing skipped the question and talked about salary and option incentive plan.

  Salary Needless to say, it is impossible for Luo Li to maintain such a high salary after joining the startup Facebook from a large Internet company such as eaby.

  On the one hand, start-up companies have limited funds. On the other hand, Facebook has a salary system, which cannot be broken casually.

  Salary is not the first element to attract these talents. What they want is platform development and option incentives.

   Facebook is not stingy and gave a 0.25% option incentive plan, which is awarded in five years.

   "No problem, I am willing to join Facebook!"

After listening to Xia Jingxing's introduction, Luo Li didn't think much about it, and she readily agreed.

  0.25% option, based on the company's valuation of 5555.5 million U.S. dollars, regardless of the exercise price, the value is nearly 1.4 million U.S. dollars.

  It doesn’t look like much, but it’s just Facebook’s current valuation. In the future, the company’s valuation will increase by ten or twenty times.

  Luo Li naturally looks at the future, and believes that Facebook has a valuation of tens of billions of dollars and a market value.

  Xia Jingxing thought that the other party should have had an in-depth understanding of Facebook before coming. During the conversation, the other party also showed this aspect, and he also came up with a personal resource planning book for Facebook.

  He glanced at Breyer, who was smiling at him.

  This made Xia Jingxing more mindful. This Luo Li was recommended by Axel.

   Observe more!

  …………

  …………

  After another two days of interviews, the headhunter recommended seven or eight candidates over, and Facebook finally found a suitable candidate for another vacant position as CFO.

  Owen Van Nata, 34 years old, white American, currently serving as the vice president of Amazon, has a very good academic background and work history.

  Xia Jingxing, Andrew and Breyer all recognized this person's ability and level.

  At the same time, Owen Van Nata is also very optimistic about the development potential of Facebook, and he accepts and is satisfied with the conditions such as salary treatment and option incentive plan.

  The two partners love their concubines, so they are almost in the bridal chamber.

  But a new problem lay ahead. This person is the vice president of Amazon.

  If Facebook does not cooperate with Amazon, the **** is not soft, and the corner is dug.

  But now everyone is working well together. Amazon pays Facebook a monthly recommendation fee for new users, which is one of Facebook’s current main income.

  At the same time, the warehousing and logistics of Facebook's Amazon stores have to rely on Amazon's support.

   Therefore, Xia Jingxing has to consider the feelings of Amazon, and can not dig people away without saying a word.

  So, Xia Jingxing dialed the number of Amazon's vice president Blackburn.

  "Mr. Blackburn, haha, Facebook’s financing has been completely completed, thank you for your concern...

  This is the case. In order to increase the number of users, Facebook brings more new e-commerce users to our loyal partner Amazon...

  So, we are ready to borrow someone from you!

  Who borrowed...by Irving Van Nata.

  I know, I know, don’t get angry, listen to me slowly...

  Facebook is a small company. We urgently need all kinds of talents to join. When Facebook develops well, won’t Amazon also benefit from it?

I also know that Irving is a new vice president, and he is not ranked high in Amazon. The role he can play on Facebook and the indirect benefits he brings to Amazon absolutely exceed the direct benefits he brings to you on Amazon. ...

  Alas, Amazon has a big business, and if you leave a vice president who is not important, it is much easier for you to cultivate one internally, or to recruit a new one...

  Oh, do you need to ask Mr. Bezos? OK, then I wait for your good news. "

  After ending the call, Andrew and Breyer both approached. The former asked: "How is it? Amazon agrees?"

   "Blackburn said he couldn't shoot the board, and he had to ask Bezos."

  Xia Jingxing was quite helpless.

   Andrew murmured, “Amazon should agree? This executive is determined to leave and come to our company, so it’s better to go to eaby?”

  Brayer proposed, "If Amazon disagrees? What should we do?"

   "Then stare at the eaby family to dig!"

  Xia Jingxing looked at the strange eyes of the two and waved his hands: “I’m not targeting them either. Google is about to go public. It’s not easy for employees to dig. People are waiting for the money to go public.

  Yahoo’s Jerry Yang said that he would come to talk to me for a while, and everyone can be regarded as friends.

  I think about it, but I can only choose eaby to start! "

  (End of this chapter)