BXBX NOVEL Chapter 466: Lu Corporation Board Meeting - Part 7
466 Lu Corporation Board Meeting - Part 7
Wednesday, continued …
Sitting quietly and watching everything happen was CEO Yang.While he had proposed the deal with Hou Yi if he acquired the on-market traded forty percent of the company shares he was shocked that he had been able to achieve this in such a short time.Thank goodness he could live up to the deal that he struck.
CEO Yang knew business well enough.Yes CEO Lu was competent and had over the years ensured that Lu Corporation had made a good profit which benefited the Yang Group, but the recent behaviour of CEO Lu and his son was damaging the business and profit that in the end would place the Yang Group\'s investment at risk.
Hou Yi, decided to say with a smile, "If CEO Lu does not know how we obtained the shares, maybe CEO Lu needs to go back to school to learn about how the share-market works, before we continue this discussion."
With that some of the members of the Lu family could help themselves and had to have a laugh, which resulted in them receiving daggers from CEO Lu.
"You arrogant toad, do not presume to tell me what to do.You are nothing."
"Just because you hate my mother because she escaped your abuse, and my father because he helped her, you forget I am CEO of Hou Enterprises.Hou Enterprises is one of the top three companies in this country, and if I am being generous one of the top two hundred companies in the world.Lu Corporation does not compare.And by the way, you have a pleasant way of talking to your largest shareholders."
"Screw you Hou Yi."
"Temper, Temper.And to paraphrase my wife from earlier, only she has the right.I pity your wife for having to touch you, but then do you pay for it …?"
Anna at this was struggling to keep from laughing.They well and truly knew he was, if not paying for it blackmailing and forcing young girls into s*xual activities and servitude.
"Get out of here.Do not slander my wife?"
"You did not answer my wife question before, where are she and Madam Yang?"
"They do not need to be here, we have standing proxies."
"Well, firstly we need to see them."Hou Yi was fully aware that this would be standing practice but wanted to drag the matter out for as long as he could before dropping the other bombshell that they had to play and to then force CEO Lu out of his position,
With than, the share registry manager handed Hou Yi copies of two proxy forms, one apparently signed by Madam Lu and the other by Madam Yang.The signatories of the witnesses to the Proxy forms were not names he knew.
"While I do not know the names of the witnesses or Madam Lu and Madam Yang\'s signatures I will take them at face value at the present, but I would appreciate if in the future I could speak to these people."
Anna then spoke "By the way, as I am not as current on business matters here, today for WFT International I am appointing my husband Hou Yi to be my proxy for any voting that has to occur.I will sign the proxy form, a blank copy of which is in each folder"with that Anna picked up a pen and signed the proxy form with her signature being witnessed by the share registry managed, and Hou Yi signing the acknowledgement of appointment as proxy.
"But I am not leaving the meeting as I am interested in what will be said, and may wish to discuss matters with my proxy."
CEO Lu, knew at this point that there was only seventeen percent of the company not under either his or Hou Yi\'s direct control.While he could count on Yang Lin\'s father, the wildcard was not CEO Yang.The did not like his oldest cousin, who got the majority of the family shares due to the terms of family wills, he was the only one who had a child.He hoped that he would not sell him out.He was worried as now he could not guarantee the outcome of the meeting.
CEO Lu realising that he had to get the meeting happening "Well CEO Hou and Madam Hou, through your various companies, you called this meeting as allowed under the charter.Rather than wasting everyone\'s time here, you need to tell us why you called the meeting."
"Thank you for allowing us to get to the point of this meeting.Originally we had called this meeting to ensure that Lu Corporation would be enforcing the requirements of the criminal court orders made in respect to Lu Jinhu?"
"Why in the f*ck waste our time on that point.He has stepped down from the company and cannot be involved in any significant way until his ban has ended.We have a copy of that order and are not stupid to violate the law in any way."
"Are you certain about not violating the law?"
Anna realised that now Hou Yi was baiting CEO Lu.This was going to be fun to watch, because she knew unlike herself, there was no way that her husband would drag this out.He needed to get back to Hou Enterprises for a afternoon and early evening full of meetings, including a dinner meeting that she was attending.
"Absolutely, Lu Corporation is a good corporate citizen and we would not do that."