Montague said: Anyway, you own 70% of the company, and half of it is mine. I'll spread out the property and see how you go public.
"Lao Meng" suddenly "stunned".
"You are great. Go ahead. "
/kloc-the divorce rate, which has been rising for 0/5 years, has reached 38% by 20 18 years. The brand of social and economic changes and rapid demographic changes in the past few decades finally fell firmly on marriage. Among them, the divorce rate of entrepreneurs is higher.
At the beginning of April, the scandal about the marriage of the rich continued-the divorce of Bezos, the world's richest man and founder of Amazon, attracted worldwide attention. Liu, the founder of the domestic Internet giant, and ZhangZetian, the sister of milk tea, also heard the news of the marriage change.
Marriage is a "housework", but entrepreneurs are closely linked to the fate of the company, especially in some large listed companies. The turmoil and instability of CEO's marriage relationship and changes in equity will directly affect the normal operation and actual control of the company, and even some will cause stock market turmoil, resulting in a large number of company assets shrinking.
The marriage of major shareholders is not only based on the interests of entrepreneurs themselves, but also on the long-term sustainable stability of large companies and the interests of investors.
A big company with market value like Amazon involves too many people's work and interests and affects too many industries. It affects not only one person's interests, but also many industries. The stability of such a giant company should not be closely related to the CEO's marriage.
Therefore, for entrepreneurs, whether to divorce, the timing and attitude of divorce are very important.
Divorce is expensive and needs to be cautious.
20 16, Zhou Yahui, the chairman of Kunlun Wan Wei Company, a A-share listed online game company, divorced his wife Li Qiong. Through the transfer of equity, the equity value is equivalent to 7.6 billion yuan, which once set a record for the most expensive break-up fee of A shares.
Previously, the most expensive breakup fee for A shares was Yuan Jinhua, Senior Vice President of Sany Heavy Industry 20 12. When his wife Wang Haiyan divorced, she got shares in Sany Heavy Industry, and the equity value was equivalent to RMB 2.26 billion.
In addition to constantly refreshing the "most expensive breakup fee" recognized by the public, these marriages have not caused significant losses to enterprises. The following example can only be described as heavy losses.
Before 20 10, Tudou was a video playing website with infinite scenery. As early as the end of 2009, before competitor Youku, founder Wang Wei first submitted a listing application to the US Securities and Exchange Commission, but the complaint filed by his ex-wife Yang Lei the next day became the biggest black swan.
Yang Lei demanded a 38% stake in Tudou. A year later, Wang Wei finally ended the divorce at the cost of $7 million. When Tudou restarted its IPO on 20 1 1, it unfortunately encountered an ice age in the US capital market, and fell by 12% on the first day of listing, and its market value was less than half that of Youku, which also went public in the US eight months ago.
Everyone knows the next story. In less than a year, Tudou was swallowed up by its old rival Youku, who has been obsessed for many years.
20 1 1, Wang Youzhi, a shareholder of Sibao Technology, divorced Yang Limei, and the market value of Yang Limei shares reached 654.38+56 million yuan. Affected by the divorce property division, the share price of Slibao Technology has been falling all the way, with a drop of more than 30%.
Collaborative communication is a company listed on the Hong Kong Stock Exchange. In July of 20 15, the chairman of the company, Wang, divorced his wife, Ni Yunzi, and Wang transferred 10 billion shares of cooperative communication to his ex-wife. The proportion of cooperative communication shares held by Wang decreased from 34.6% to 19. 1%. As soon as the news came out, the share price of Collaborative Communication immediately began to fall sharply, from 2 1% to 66% in a week, and the market value of the company evaporated as high as HK$ 2.08 billion in four trading days.
"Soft Landing" in Dealing with Divorce
The larger foe and hysteria, although some are hearty, are not a good recommendation in commercial rivers and lakes. It is generally believed that it is the most rational way for both sides to take good care of the timing and heat and try to make the incident "soft landing". Therefore, we can see that many entrepreneurs and movie stars have friendly tone and deliberate words when they announce their divorce, just to minimize the impact of this storm on the company.
For example, the divorce of Bezos and Mackenzie, the world's richest man and founder of Amazon, has a very weak impact on the stock price. In other words, the news of Bezos' divorce has been digested by the capital market.
Of course, this can be said to be the divorce gesture of the ideal entrepreneur. Husband and wife * * * break up peacefully with entrepreneurs and bless each other. The media described Mackenzie as an "excellent American ex-wife"-Mackenzie gave up all the shares of Washington Post and space exploration company Blue Origin (worth $4 billion), only kept a quarter of their shares in Amazon, and gave Bezos the right to vote on all the shares to support him to continue to lead these companies.
There have been media reports that Bezos, the world's richest man, will fall to the fourth place in the world after divorce, but because of Mackenzie's generosity, he voluntarily gave up a quarter of his property, and Bezos still beats Bill Gates, who ranks second, and remains the richest man in the world.
However, one thing is that although Bezos is still the largest shareholder after divorce, the reduction of equity will affect Amazon's control, and there will still be some variables in Amazon's shareholding structure in the future.
In view of many lessons at home and abroad, investment institutions now begin to consider the marriage between the actual controller and the major shareholder of the enterprise and the stability of the family more and more when making investment decisions, which will have a great impact on the control, management and equity structure of the enterprise.
How to reduce the risk of divorce
In the divorce proceedings of entrepreneurs, the laws involved are marriage law, company law, securities law, contract law, etc., and the identification and division of property is also quite troublesome. Everything is established in advance, and it is abolished if it is not foreseen. The same is true of marriage and business.
It is best to have a prenuptial agreement that does not involve equity.
In China, there are still many ambiguities in the provisions of the existing laws on equity and equity income during marriage, so it is very important to determine an agreement on company equity and investment income before marriage.
For example, on 20 13, the marriage relationship between international media tycoon Murdoch and Wendi Deng was dissolved. Although Deng Wendi was able to get a huge fortune after the divorce, it did not involve the shares of News Corporation, and this marriage had little influence on News Corporation.
In 2008, she signed a prenuptial agreement with her when she got married, stipulating that if she divorced, Guo's equity would not be divided, which would not affect Hon Hai's valuation and future business development.
But this kind of prenuptial agreement is easier to realize for the rich who have a strong position, because the disparity between the two sides makes the strong party have more say.
For married shareholders, shareholders may be required to sign a property agreement with their spouses.
As early as 20 10 tudou. com suffered huge losses due to Wang Wei's divorce, some equity research experts suggested that when the listing plan was put on the agenda, the equity division would easily trigger a chain reaction such as the change of the company's actual controller, and the company could sign relevant agreements with shareholders, such as directly compensating the spouse for the equity division, which was efficient and safe.
In fact, Wang Wei and Yang Lei finally reached a mediation agreement on cash compensation, but unfortunately, this lawsuit marathon lasted for a whole year.
To put it bluntly, this is a way to take money to eliminate disasters and ensure that equity is not affected. However, if there is a major ownership dispute in the equity division itself, or if one party is too angry, it is another matter that the two sides can't talk properly.
It is also a good idea to take preventive measures and set up a family trust before the marriage changes.
For example, Wu Yajun, the chairman of Longhu Real Estate, and her husband Cai Kui control 765,438+0.97% of the shares of Longhu Real Estate through the trustee HSBC International Trust Co., Ltd., and the Wu family and the Cai family are the beneficiaries of the trust. Once the family trust is established, the trust property will be independent, that is to say, the trust property will no longer belong to the client, but the trustee will manage the family property in his own name. On the day of divorce, the stock price fell by 4.2%, which is not too big compared with some big drops.
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198 1 year, American economist gary stanley becker wrote an economic book "On Family", from which the economics of marriage came. Although economics is a bit ruthless, in the confrontation between numbers, we can see a lot of right and wrong of love and hate.
According to the economics of marriage, the purpose of people's marriage is to maximize their marital income. If the income from marriage exceeds the income from being single, then people will choose to get married, otherwise they will be more willing to be single. The combination of husband and wife can complement each other, optimize the combination and reduce the cost of living, which is one of the reasons why the economic situation of marriage and family is generally better than that of single aristocrats.
When most people get married, they don't think so much, and they don't calculate who doesn't deserve who, who pays how much, who carries the sedan chair for whom, and what will happen if they are separated one day, because true love is indifferent and snobbish.
Love has dissipated during the divorce. At this time, social relations are intertwined, and there are a lot of people, shareholders, employees and investors behind the rich. At this time, the economics of divorce should be well calculated.
Reducing the impact of marriage change on the future development of enterprises can be regarded as "preparing for a rainy day" or "mending after it is too late" for enterprises.
But for a family, if people drink water, they know a lot.
It is the line in the movie "See you later". Children see right and wrong, adults see advantages and disadvantages, children when they get married, and adults when they get divorced.