[319]Is it possible to give flesh and take bones? 2
Nothing comes for free when you do such unreasonable work behind the scenes. Jin Young-joon’s side must have promised a huge price.
When Vice President Jang Do-hyung cautiously asked, Director Hyun Wan-joo lowered his voice.
“It’s a story I’ve heard, so I’m not sure. Jin Young-joon is going to take over a mid-sized construction company… I heard that he will share the stake in that construction company. I don’t know more details.”
It is a set procedure to create a new construction company instead of Sunyang Construction, which Jin Yeong-joon was deprived of.
Isn’t it a necessary part to make slush funds without difficulty in operation even if it digests only the amount of group affiliates?
Vice President Jang Do-hyung said in a low voice to the current head of the division, who took a step back by saying that he did not know the details, but without hesitation, he confided in the transaction coming and going from behind.
“Chief. no, current senior. Are you thinking of hitting me?”
“It will be my successor general manager to attend the general meeting. If I leave this as it is, the tower of hard work might collapse.”
He is from an investment company and sits in a position where he manages hundreds of trillions of won, but works with an annual salary of just over 200 million won. Considering the weight of the responsibility of managing hundreds of trillions of dollars, it is an absurdly low fee.
It is a difficult position to sit in without public responsibility. That is why the National Pension Service also says that bringing in the head of the operation headquarters from outside is always a headache.
Such a general manager is under undue pressure to the point of resigning.
Confusion always harbors an opportunity for reversal deep inside.
Vice President Jang Do-hyung’s head began to spin terribly.
What would Jin Do-jun do?
Jang Do-hyung, who organized his thoughts, threw out one thing that Jin Do-jun would have said.
“Hyun-senpai, should we… make a deal?”
* * *
“Construction company? You gave up the position of the owner of a company worth tens of trillions with just that? No way?”
Vice President Jang Do-hyung, who came to meet the head of the Fund Management Headquarters, looked puzzled.
“That’s probably all the current head of department knows. There will be more back-and-forth.”
“Damn it, I can do whatever those gentlemen want, but I have to deal with my uncle.”
Even though I knew why, I tried to complain once. My uncle, whom I had spent a lot of time with, would have been much more reliable in making dirty back-and-forth deals than I, who was of a completely different generation from them.
“Chief. So I offered a deal.”
“transaction? You mean Director Hyun Wan-joo?”
“yes. The man has no intention of ruining his career with this merger. I intend to step down before the shareholders’ meeting.”
“You are a wise man. What is your suggestion?”
“I told you not to throw out your resignation yourself, but to hold on to the opposite opinion until the end and hold on until you are kicked out.”
If there is no unanimous approval for the merger at the National Pension Fund Management Headquarters, there is no choice but to replace the members. Being the head of the department is no exception.
“So?”
“I was told to record the entire process until I was kicked out.”
“Are you talking about recording?”
“At the level of being useful evidence, whether recorded or recorded.”
“Let’s see the end…?”
“The only way to stop this is litigation. The shareholders’ meeting is a legitimate process, but the ratio of the merger between the two companies is in violation of securities disclosure regulations. Asset value, profit value, and relative value, which are the methods for calculating the merger value, are all against the detailed rules, so there is a chance.”
“Do you really believe that? Vice President?”
“That’s…”
He stuttered as if it was difficult to answer.
Now, those who have joined the fight under the guise of merger are those who are above the law.
No matter how noisy the world is, whether it’s a lawsuit or the media, the world rolls around according to the scenario they created.
The fight of those who hold the law in their hands.
The winner of this fight, as always, is the side that the regime raises its hand. Because it is the government that enforces the law.
“I am not reprimanding you. Well done. So, what did the current general manager want?”
“Currently none. He said he would like to take a break when he is kicked out of his position as general manager.”
“Please get enough rest. He said he would give me a seat whenever he wanted. Wouldn’t his record be enough to strangle someone? That’s enough.”
When I checked who was moving behind me, my pulse went numb and I felt tired.
When I closed my eyes and leaned my head on the sofa, Vice President Jang Do-hyung got up and moved away.
After being in a daze for a while, I called the lawyers. It is because I have to know and judge exactly how far I can do according to the law.
“First of all, the head of the department needs to disclose the amount of shares held in Sunyang Mulsan for the purpose of participating in management.”
“Also, we need to start a legal process to file a preliminary injunction against Sunyang Corporation and its directors for a ban on resolutions at the general meeting of shareholders and block the general meeting of shareholders.”
“There is one more. Since the asset values of Sunyang Admere and Mulsan are too different, Sunyang Mulsan will sell its stock. After giving it to a trustworthy place, they will buy it back when they secure management rights. in other subsidiaries or affiliates.”
I listened to the opinions of the lawyers and asked them again.
“Is there a chance?”
“Our calculation results are as follows. Due to the unfair merger ratio, the book value of 7.8 trillion won is handed over to Jin Young-joon. We must emphasize this.”
“Then what kind of logic do you think the other side will use?”
“The synergy effect of the merger will be emphasized. Sunyang Admedia is small, but its net profit margin is huge. And I will mention stocks of other affiliates owned by Sunyang Admedia. The value gained from smooth business links with the affiliates, etc…”
The words of the lawyers are nothing more than an empty numbers game that will reverberate in court anyway. You can’t beat law enforcers this way.
I let them out and I was left alone again.
No matter what I did, I wasn’t satisfied.
Even if you mobilize all your strength and roast and boil the court to win an injunction lawsuit, the status quo is everything. Even after all the fuss, I can’t take a single step out.
Too inefficient.
‘Catching mice by walking behind the cow.’ The proverb refers to coincidence or luck, but my grandfather said otherwise.
He called an incompetent person an incompetent person.
“Even a cow catches a mouse when it moves one step. Even more so, wouldn’t a human have to either rescue something or kill one person every time they moved!」
If the current status quo was maintained even after mobilizing enormous expenses and personal connections, the grandfather would have immediately shouted that he was an idiot. It happened just when I had the illusion that the voice was ringing in my ears. I need to kill one and take it.
* * *
My plan is no idea right now. After hearing all of my thoughts, Chairman Lee Hak-jae looked more serious than surprised. The words that came after a while were very short.
“Are you confident?”
“I do not know. I don’t start because I’m confident, but I think it’s something I must do. If this state continues, it will only harden as it is.”
“Why do you think so?”
It is because there are no opportunities like the subprime or Dubai crisis in the future, and it is because Jin Young-joon, who has a huge electron that will double the cover in 5 years, can make his castle even stronger. I couldn’t say this, so I said something else.
“Because Uncle Father and Young-Jun Lee have no intention of returning after running away.”
“On the day when things don’t move the way you want and you take even one step, it’s like building a castle on the other side with your own hands. know?”
“yes. That’s why I can’t say I’m confident.”
Chairman Lee let out a long sigh and said.
“When are you going to set the timing?”
“The presidential election is only one year away, right? So, we plan to start in the second half of next year. During the period of regime change, public officials are also busy paying attention. There will be a lot of holes in it.”
“I think we should delay the shotgun as much as possible.”
“yes. You should go to court. The shareholders’ meeting they want will only be possible in May or June.”
“A tightrope walk is not an ordinary tightrope. You have to drag on a lawsuit that you have to lose.”
If I win in the preliminary injunction lawsuit against the resolution of the general meeting of shareholders, it will be a big deal. Just as the crime of murder is established only when a corpse is found, the shareholders’ meeting must be opened and the merger must take place.
Then you can start hunting.
“This tightrope walk is not that difficult. It’s a lawsuit that will lose no matter what. The problem comes next.”
“It’s a decisive blow…”
“My uncle is a toothless tiger because he has used up all the cards he can use with this merger. He can make a mess.”
“A tiger is a tiger until it dies. Aren’t you thinking too easily?”
“In the public sector, even if it is weak, I can make a phone call. But when your private parts explode, you won’t even be able to use your feeble power.”
“Private? What does that mean?”
Chairman Lee frowned as if he could not understand.
“It has been a long time since the staff of the Group Strategy Team acted as my eyes and ears. I know very well what the people in my family are doing.”
“what?”
“Ah, those employees don’t know that they are my eyes and ears. It’s just that the things I say when I eat or drink come to me.”
Chairman Lee, who had forgotten his words and blinked his eyes, let out a sound like a groan.
“Ah…… Yunseok Kim is from there, right?”
“yes. But the real one is Shin Seok-ho. I have been working for you for over ten years.”
“Shin Seok-ho? That friend…?”
“yes. it’s the oldest Thanks to that, isn’t the uncle’s family manager? There are a lot of things you want to hide from the world. I intend to secure only a few crucial ones.”
Chairman Lee Hak-jae said with a shocked expression.
“Then what about Yeongjun?”
“Fortunately, in this merger case, Young-joon said that his brother took the lead. If you drag on with the lawsuit, you’ll come out again. There are definitely opportunities.”
“Stupid child.”
Chairman Lee clicked his tongue.
“Chief Baek isn’t a sack of barley that I borrowed… I’m supposed to just say hello and leave, but to ask for it myself.”
“You don’t think of yourself as your own person. Doesn’t the president know? Since my grandfather passed away, the person the two uncles were most wary of was the chairman. Hehe.”
“Then there will be another chance.”
Chairman Lee smiled.
“yes?”
“Chief Baek said. Aren’t you in debt to Tosa Gupaeng? Can you scratch me when I’m itchy? See how it comes out?”
“That would be nice too. One thing is for sure. First, I don’t know how precious my uncle or Yeongjun hyung are. Chief Baek… He must have been very hurt by now.”
It doesn’t matter if Chief Baek Joon-hyeok is an endlessly loyal person. He has not yet received an external shock, so he is only faithful to the law of inertia.
It takes a shock to see how solid an unseduced loyalty will be.
“When such a person betrays, it becomes terrifying. I worked under the president in the past, so you must know it well, right?”
“Humans are there, what? If you satisfy your greed, build your pride, and do nothing to be ashamed of, your mind will tilt.”
There is one more. If you have a wound, you have to heal it, and the best way to heal your wound is not to apply medicine to your wound, but to hurt the person who hurt you.
Who did Chief Baek Joon-hyeok hurt the most?
* * *
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