Chapter 646： super salary
Chapter 646 Super High Salary
Wang Ye took over as chairman of Yukos Group, and it was decided directly on the board of directors.
All shareholder representatives have no opinion. After the board of directors is over, the headquarters will issue a document to notify all employees of the group, even if it is over.
I didn't plan to hold any ceremony. After all, the group is facing a big difficulty now. Whether it is Hovchenko or Wangye, they all want to keep a low profile.
However, since he has become the chairman of the board, the corresponding remuneration package also needs to be discussed and determined by the representatives of the shareholders.
This is not the same as when Hovchenko was chairman.
According to Wang Ye’s knowledge, Hofchenko’s salary is not high, only two million dollars a year, and not as high as the annual salary of several group vice presidents.
Of course, it's not that Hofchenko "is willing to give without asking for anything in return", but because personal salary needs to pay a lot of taxes, the higher the income, the higher the tax rate...
The super rich like them basically hold low salaries, and then avoid high taxes through dividends, bonuses, etc.
In fact, the personal income tax here in Da Mao is not high, but it is divided into two levels: 13% and 15%.
If the annual income is less than 5 million rubles, the payment will be 13%.
But if you can save it, you can save it. For example, the money that Hofchenko gets through dividends every year can even be as high as two or three billion dollars. If he pays 15% of the tax, it will be very distressing.
They will use various methods to avoid tax reasonably.
Hovchenko's annual salary of two million dollars is not bad.
Like Gang Master Qiao, Dong Ge, Musk, and the others, they have an annual salary of one US dollar. To be honest, the food looks a bit ugly.
The reason why Hovchenko gets such a small salary is also because he holds the most shares of Yukos, especially before the emergence of Wangye, this company is almost equal to Hovchenko's private company, so it doesn't matter if the salary is more or less. .
And those vice presidents and the like belong to the "senior wage earners", and it is naturally impossible to pay less.
But now that Wang Ye has taken over as chairman, the situation is different from before.
The current Yukos Group has relatively scattered shares.
The largest shareholder, Wang Ye, only holds 35% of the shares.
The remaining shareholders range from 5% to 25%.
The salary of Wang Ye can't just be "meaningful", it must be "meaningful enough"!
Besides, the Yukos Group will not be easy to do next. It is estimated that troubles will come one after another, and the chairman of Wang Ye will have to take a lot of risks.
Therefore, at the suggestion of Hofchenko himself, Wang Ye was offered a super high salary.
The basic salary alone is as high as 30 million US dollars every year!
If the group is profitable and can achieve the business goals set by the board of directors, it can also get a bonus of up to 100 million US dollars...
Hofchenko explains it this way.
“Yukos Group is now starting to internationalize, so it will naturally be in line with world-class large companies in all aspects.
First of all, the salaries of our chairman and president should at least be above the industry average.
As far as I know, the president or CEO of companies like Shell, Exxon, Mobil, etc., has a fairly high annual salary, basically starting from tens of millions.
Then we Yukos can't be worse than them.
Besides, I believe Mikhail's ability is worthy of this salary. "
He is obviously doing something for his own nephew...
Other shareholder representatives also knew this, but they all tacitly agreed, because this salary is nothing compared to the huge annual profit of Yukos Group.
And everyone has reason to believe that under the leadership of Mikhail, Yukos Group will definitely achieve better results.
After all, the experience of the past year has confirmed this.
The Yukos Group can dominate the Russian oil industry, which is absolutely inseparable from the efforts of Mikhail.
The acquisition of Siberia Oil Company established an undisputed monopoly position in one fell swoop.
Then he promoted the Sino-Japanese-Russian oil and gas cooperation, and obtained a super large order for the group company, which guaranteed the business for the next ten or even twenty years.
As for the small difficulties we are currently facing, we are still relatively optimistic.
Besides, the basic salary is 30 million US dollars. Only when the annual business growth target is completed can I get a bonus of up to 100 million US dollars.
In this way, just after taking over the positions of chairman and president of Yukos Group, Wang Ye received a super high salary package.
Does not include equity dividends, just salary bonuses can get up to 130 million US dollars every year!
…………
In addition to introducing several new shareholders and Wang Ye taking over as chairman, the board of directors this time discussed the issue of export rights and the listing of the group.
Wangye first introduced the latest situation to the shareholders representatives.
That is, what happened at the Economic Committee yesterday. He had communicated with Hovchenko last night about these things, but it was the first time that other shareholder representatives knew about it.
After listening to Wang Ye’s introduction, everyone had different thoughts.
"President Mikhail responded very well and gave our group enough time to respond, and the procedures for group restructuring will be completed soon. Moreover, with the help of BlackRock, we will apply for listing in the United States! This way Once it comes, we may not need to do anything else, and the Department of Energy will die."
Hofchenko exclaimed.
He had already communicated with Wang Ye last night about going to the United States for listing.
Wang Ye also agrees.
Listing has advantages and disadvantages. Many companies that make real money may not be willing to go public.
The former Yukos Group has already become a giant oil company, but it has been unwilling to go public.
Because there is no need.
The purpose of many companies going public is to raise funds so that the company can develop by leaps and bounds faster.
There are also some companies listed in order to make the company's market value skyrocket, so that some shareholders can cash out and leave the market...
Yukos Group is not short of money and does not need to cash out and leave the market, so naturally there is no reason to go public.
Besides, who doesn't want to hold this kind of cash cow firmly in his own hands, why should he go public and share money with others?
But now the situation has changed, the shares have begun to spread, some foreign shareholders have been introduced, and the company will face some unknown risks.
Then listing can increase the company's ability to resist risks.
You are a private company, you can do whatever others want, you don’t have to worry too much.
But what about a large public company?
And it is a company listed abroad, so when others want to deal with you, they will have more scruples.
The influence of international public opinion must also be taken into account.
At that time, maybe there will be some "stunned youth" who will sue you to the International Court of Justice. Even if you don't take it seriously, your face will not be very good-looking, isn't it...
(end of this chapter)
Wang Ye took over as chairman of Yukos Group, and it was decided directly on the board of directors.
All shareholder representatives have no opinion. After the board of directors is over, the headquarters will issue a document to notify all employees of the group, even if it is over.
I didn't plan to hold any ceremony. After all, the group is facing a big difficulty now. Whether it is Hovchenko or Wangye, they all want to keep a low profile.
However, since he has become the chairman of the board, the corresponding remuneration package also needs to be discussed and determined by the representatives of the shareholders.
This is not the same as when Hovchenko was chairman.
According to Wang Ye’s knowledge, Hofchenko’s salary is not high, only two million dollars a year, and not as high as the annual salary of several group vice presidents.
Of course, it's not that Hofchenko "is willing to give without asking for anything in return", but because personal salary needs to pay a lot of taxes, the higher the income, the higher the tax rate...
The super rich like them basically hold low salaries, and then avoid high taxes through dividends, bonuses, etc.
In fact, the personal income tax here in Da Mao is not high, but it is divided into two levels: 13% and 15%.
If the annual income is less than 5 million rubles, the payment will be 13%.
But if you can save it, you can save it. For example, the money that Hofchenko gets through dividends every year can even be as high as two or three billion dollars. If he pays 15% of the tax, it will be very distressing.
They will use various methods to avoid tax reasonably.
Hovchenko's annual salary of two million dollars is not bad.
Like Gang Master Qiao, Dong Ge, Musk, and the others, they have an annual salary of one US dollar. To be honest, the food looks a bit ugly.
The reason why Hovchenko gets such a small salary is also because he holds the most shares of Yukos, especially before the emergence of Wangye, this company is almost equal to Hovchenko's private company, so it doesn't matter if the salary is more or less. .
And those vice presidents and the like belong to the "senior wage earners", and it is naturally impossible to pay less.
But now that Wang Ye has taken over as chairman, the situation is different from before.
The current Yukos Group has relatively scattered shares.
The largest shareholder, Wang Ye, only holds 35% of the shares.
The remaining shareholders range from 5% to 25%.
The salary of Wang Ye can't just be "meaningful", it must be "meaningful enough"!
Besides, the Yukos Group will not be easy to do next. It is estimated that troubles will come one after another, and the chairman of Wang Ye will have to take a lot of risks.
Therefore, at the suggestion of Hofchenko himself, Wang Ye was offered a super high salary.
The basic salary alone is as high as 30 million US dollars every year!
If the group is profitable and can achieve the business goals set by the board of directors, it can also get a bonus of up to 100 million US dollars...
Hofchenko explains it this way.
“Yukos Group is now starting to internationalize, so it will naturally be in line with world-class large companies in all aspects.
First of all, the salaries of our chairman and president should at least be above the industry average.
As far as I know, the president or CEO of companies like Shell, Exxon, Mobil, etc., has a fairly high annual salary, basically starting from tens of millions.
Then we Yukos can't be worse than them.
Besides, I believe Mikhail's ability is worthy of this salary. "
He is obviously doing something for his own nephew...
Other shareholder representatives also knew this, but they all tacitly agreed, because this salary is nothing compared to the huge annual profit of Yukos Group.
And everyone has reason to believe that under the leadership of Mikhail, Yukos Group will definitely achieve better results.
After all, the experience of the past year has confirmed this.
The Yukos Group can dominate the Russian oil industry, which is absolutely inseparable from the efforts of Mikhail.
The acquisition of Siberia Oil Company established an undisputed monopoly position in one fell swoop.
Then he promoted the Sino-Japanese-Russian oil and gas cooperation, and obtained a super large order for the group company, which guaranteed the business for the next ten or even twenty years.
As for the small difficulties we are currently facing, we are still relatively optimistic.
Besides, the basic salary is 30 million US dollars. Only when the annual business growth target is completed can I get a bonus of up to 100 million US dollars.
In this way, just after taking over the positions of chairman and president of Yukos Group, Wang Ye received a super high salary package.
Does not include equity dividends, just salary bonuses can get up to 130 million US dollars every year!
…………
In addition to introducing several new shareholders and Wang Ye taking over as chairman, the board of directors this time discussed the issue of export rights and the listing of the group.
Wangye first introduced the latest situation to the shareholders representatives.
That is, what happened at the Economic Committee yesterday. He had communicated with Hovchenko last night about these things, but it was the first time that other shareholder representatives knew about it.
After listening to Wang Ye’s introduction, everyone had different thoughts.
"President Mikhail responded very well and gave our group enough time to respond, and the procedures for group restructuring will be completed soon. Moreover, with the help of BlackRock, we will apply for listing in the United States! This way Once it comes, we may not need to do anything else, and the Department of Energy will die."
Hofchenko exclaimed.
He had already communicated with Wang Ye last night about going to the United States for listing.
Wang Ye also agrees.
Listing has advantages and disadvantages. Many companies that make real money may not be willing to go public.
The former Yukos Group has already become a giant oil company, but it has been unwilling to go public.
Because there is no need.
The purpose of many companies going public is to raise funds so that the company can develop by leaps and bounds faster.
There are also some companies listed in order to make the company's market value skyrocket, so that some shareholders can cash out and leave the market...
Yukos Group is not short of money and does not need to cash out and leave the market, so naturally there is no reason to go public.
Besides, who doesn't want to hold this kind of cash cow firmly in his own hands, why should he go public and share money with others?
But now the situation has changed, the shares have begun to spread, some foreign shareholders have been introduced, and the company will face some unknown risks.
Then listing can increase the company's ability to resist risks.
You are a private company, you can do whatever others want, you don’t have to worry too much.
But what about a large public company?
And it is a company listed abroad, so when others want to deal with you, they will have more scruples.
The influence of international public opinion must also be taken into account.
At that time, maybe there will be some "stunned youth" who will sue you to the International Court of Justice. Even if you don't take it seriously, your face will not be very good-looking, isn't it...
(end of this chapter)
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