Chapter 424: The board of directors meeting

Liu Corps.

“Mr. Liu. You already know what has happened. It is all over the news.” One director said, who was in his mid-sixties. His last name was Mr. Chao.

Mr. Su, another man in his late fifties, chimed in. “Everybody outside is humiliating Liu Jinhai. The media have completely tarnished our reputation. I just checked a few minutes ago. Our shares have taken another 2% hit.”

Mr. Tan, one of the other directors, spoke, “This cannot continue, Mr. Liu. Do you know? Moon Corps has already bagged two of the most profitable deals that Liu Corps was going for. This has cost us a loss of billions of dollars.”

The other directors nodded in unison.

“The shareholders are naturally upset too. Judging by the situation, we see that unless Liu Jinhai apologizes or do something to gain the favor of the public once again, this incident is not going to die down.”

Liu Hai calmly rested his head on his palm and said, “So? What do you suggest?”

Mr. Chao, Mr. Tan, and Mr. Su exchanged secretive glances.

Mr. Su took the lead. “Temporarily, we feel that Liu Jinhai should step down from the CEO position.”

“If we immediately release the news to the media that Liu Jinhai would be stepping down, then there is a hope of saving Liu Corps,” Mr. Chao added.

Mr. Tan nodded. “Currently, we think this would be beneficial for us.”

Liu Hai smiled. “And who are these ‘we’ you are talking about?”

Mr. Su said, “Well, right now, Mr. Chao, Mr. Tan, and I discussed among ourselves before this meeting started. But I believe that all the other directors would support this decision as well.”

There were a total of seven board of directors out of which Liu Hai was one of them. So, other than him, Mr. Tan, Mr. Su, and Mr. Chao, there were three more remaining.

The other three didn’t immediately agree nor disagree. They were in deep thought as they were seriously thinking about the pros and cons.

One of them said, “I think if Liu Jinhai lies low for a while, then the media and everybody else will forget about this matter. We have to give time. It’s not necessary that Liu Jinhai has to step down.”

The seventh member nodded. “Maybe Mr. Liu can handle the business for a meanwhile.” And the remaining eight one found this plausible, so he agreed.

“Liu Jinhai is a capable businessman too. Since he has taken his CEO seat, he has only driven Liu Corps to success and wealth, even more than Mr. Liu’s time. Making him step down would be a harsh step, I feel.”

The three directors who proposed for Jinhai to step down stiffened a bit.

Mr. Tan smiled. “Mr. Lu, We are not talking about a few days here. Maybe this matter could take months. It’s quite a serious allegation on Liu Jinhai’s part.”

Mr. Su said, “I agree. We have to think about the long term here.”

Jing was only enjoying the show. By now, they knew already who were the wolves aiming for the control of Liu Corps.

Liu Hai asked, “So, what do you suggest?”

Mr. Chao said, “Mr. Liu. We have capable employees and executive managers who are just as well versed in business as Liu Jinhai. Perhaps if we give them a chance…”

Mr. Tan smiled. “I mean, why not? Liu and Chen Corps are known to choose the CEO, who is the most capable.”

Mr. Su nodded. “We have one such capable employee in our mind. Mr. Long, who is the executive head of the Marketing department, has always shown results. He has worked with Liu Jinhai up close too in many projects and knows his work style. I think there shouldn’t be a problem considering him.”

Liu Hai chuckled. “And why not Jing? He may be doing fashion designing, but I have trained him in business management as well.”

Mr. Tan smiled. “But Mr. Liu. Liu Jing is only twenty-one years old. Don’t you think he is quite young to take such a big responsibility now?”

“Plus, his attention would be divided into business and fashion designing. It may hamper our functioning, and it will be too hard on him too.”

Jing raised his eyebrow.

Quite prepared, huh, these oldies?

Liu Hai said, “But if Jinhai steps down, then wouldn’t it hamper his image even more? They would think that he is indeed the cause of our losses, and even if he came back one day, it would stir up the media once again, and they will hit the screens with that same old news. Coming back to business will be sensational news too, and no matter when this incident dies down, his comeback would rise the flames again.”

Mr. Lu said, “I agree with Mr. Liu. In that case, this will never settle.”

The three directors were internally gritting their teeth.

Fuck why this so hard? Liu Jinhai is already knee deep in such big trouble, yet they are siding with him!

Mr. Su said, “I have to disagree. We have to think about the short term solution first as soon as possible. We cannot afford to lose much time. The shareholders are also displeased. Before coming here, we talked to them. For now, they want to do that benefits the current situation.”

“Plus Liu Jinhai has also opposed the media reporters, and while that has helped, but many are still angry with this behavior. They even think that Liu Jinhai is so arrogant.”

Listening to this, one of the other directors was also starting to agree with them.

“I think right, Mr. Su is right. Right now, we should focus on what is ahead of us. Then we can strategically plan how to bring Liu Jinhai back once enough time has passed.”

Mr. Su, Mr. Chao, and Mr. Tan felt relieved.

This is it. If we gain one more vote, then more than fifty percent will stand against Liu Jinhai.

Liu Hai observed the three directors with a gaze as sharp as a hawk.

Mr. Chao quickly said, “Now that we have four members in support of this suggestion, I think Liu Jinhai should step down. In his place, we will take Mr. Long as the acting CEO.”

There was silence for a long time. Assistant Xin and Liu Hai were whispering and discussing among themselves. Xin nodded.

Liu Hai then finally spoke. “If that is what the majority of the board of directors want, then we will go ahead with it. Jinhai will step down as the CEO of Liu Corps.”