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Chapter 117
Chapter 117
Chapter 117 The Board Meeting of the Huber Group
Three o'clock in the afternoon.
The conference hall of the thirty—story headquarters of the Huber Group.Content © NôvelDrama.Org 2024.
All members of the Huber Group’s board of directors and its twenty- one shareholders were present.
Reginald, as a senior executive of the Huber Group, also attended the board meeting of the Huber Group. Although he was not a member of the Huber Group’s board of directors, nor a shareholder of the Huber Group. However, due to strong opposition, Robin decided to take over Freddie’s Glory Edifice and attended the meeting. The Huber Group’s shareholders’ meeting had a total of 21 shareholders.
The Huber family, spanning three generations, held a 45% stake in the Huber Group and gifted Robin a 20% stake. Other dozen or so shareholders held 35% of the shares in the Huber Group.
Several major shareholders, excluding Justin and the Huber family.
Upon learning that Reginald had reported them, Robin privately promised Freddie the information to purchase the Glory Edifice business district, which greatly angered him.
* Chapter 117 The Board Meeting of the Huber Group They quickly invited the Huber Group and requested an urgent. convening of the board of directors and shareholders‘ meeting. The joint request demanded that Harold must never agree to Robin taking over the proposal of Glory Edifice. One of the elderly shareholders was named Shawn Sherman. He was the oldest among all the shareholders of the Huber Group.
He was also one of the largest shareholders of the Huber Group, apart from Karina. Camdyn, and Robin (although Robin did not accept, the Huber family had already transferred the shares to him).
Shawn held a 10% stake in the Huber Group. He pointed at Karina with his finger and said, “Karina, you were young, and you did many things too hastily.”
“A few days ago, | didn’t attend the board meeting and | didn’t know that you gave the position of President of Eastern District Development Corporation to this young man, Robin!”
“It is said that Robin was just in his early twenties, a young lad with an unknown background and no qualifications!”
“| don’t know why you entrusted such an important position as the President of Eastern District Development Corporation to someone like
him.”
“Now | see it, this Robin is actually going to take over Glory Edifice with 20 billion, it's simply outrageous!” “The southern plot of land, everyone in Hallcester knew it was a wasteland!”
“A few years ago, the southern part of the city was still a chaotic
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cemetery, a deserted land where no one dared to go!”
“Even if the municipal government wanted to develop, no one would be willing to go to that area.
“Three years ago, it was based on this point that the municipal. government suspended the development of the southern part of the city.”
“Over the past two years, it was only Freddie, a speculative gambler type of person, who would have developed the Glory Edifice business circle there with a hot-headed mind.”
“| didn’t know what they were thinking, haha. How could a place where nothing happens make money?”
“Now, the Huber Group has shifted its investment focus to the east side of the city, and we should allocate a large amount of funds here.”
“The southern plot of land was worthless, and yet that Robin. unexpectedly decided to purchase Glory Edifice without authorization. Isn’t this just squandering the money of our shareholders at the Huber Group? It’s truly unreasonable!”
“What I mean is, the board immediately terminated the employment contract with Robin. The Huber Group cannot let this person ruin. everything!”
After Shawn finished speaking, a middle-aged man in his fifties named Ernest Roberson nodded beside him. Ernest’s qualifications and shareholdings in the Huber Group were second only to Shawn’s.
He held an 8% stake in the Huber Group in his hands.
After Shawn finished speaking, he immediately agreed, “Mr. Harold,
Chapter 117 The Board Meeting of the Huber Group
the Huber Group is the empire we built from scratch with you. We must not let Robin, an inexperienced kid, ruin it!”
“The Glory Edifice in the southern part of the city had long been worthless, and yet Robin was actually willing to take over with a staggering 20 billion. It’s really hard to tell if he’s confused or if there are some shady deals behind the scenes!”
“Even if we have nothing, if we really take over Glory Edifice, besides the 20 billion dollars investment we have already put in, it would be difficult to make the southern part of the city a profitable commercial center even if we invest another 100 billion dollars.”
“After all, we were just a private group organization without the support of the municipal government, so official capital would never invest in the southern part of the city.”
“Those private capitals were all pursuing short-term return rates and would not invest in the barren land in the southern part of the city.”
“| strongly demanded the immediate dismissal of Robin and the revocation of the Glory Edifice transfer agreement signed with Freddie.”
Shawn and Ernest, these two shareholders, were both major shareholders who had followed Harold in establishing the Huber Group in the early years.
They said so, and more than ten shareholders quickly followed suit to denounce Robin.
They unanimously demanded Harold and Karina to immediately dismiss Robin from the position of President of Eastern District. Development Corporation and to cancel the contract signed with Freddie.
In the face of dissatisfaction from all shareholders, Harold remained
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silent.
He sat in front without any expression, looking indifferently at the furious expressions of each shareholder.
After a few minutes of noise in the conference hall, Harold looked at Camdyn and Karina, “Camdyn, Karina, what do you think about this matter?”
Karina hesitated for a moment and said, “Grandfather, from the current situation, it is indeed not profitable to develop the land in the southern part of the city. However, Robin's decision... | agree! As for the specific reasons, | have no reason to explain!”
Harold nodded, a relieved smile spreading across his face. “Camdyn, what do you mean?”
Without hesitation, Camdyn said, “Father, | have received your teachings since | was young, and | know the importance of gratitude.”
“Robin saved my life, and | had no reason to refuse his proposal. | supported any decision he made, even if it meant risking my entire stake and power in the Huber Group, | would never regret it.”
Harold nodded in satisfaction, “Very well! You haven’t disappointed me! Since you all agree, | have no objections either.” After Harold finished speaking, the conference hall instantly fell silent.
Justin immediately stood up and objected, “Dad, | disagree!”
Harold nodded, “Alright, | got it. You sit down first, | have something to say.”
Justin wanted to speak, but Harold motioned for him to sit down, so he had no choice but to close his mouth.
Chapter 117 The Board Meeting of the Huber Group
“Ladies and gentlemen present here, although I, Harold, had long withdrawn from the core management of the Huber Group, | have never forgotten the original purpose | had when | founded the Huber Group.”
“Most of you started with me from nothing and today we have established the Huber Group.”
“Over the years, you have followed me, Harold, and experienced hardships and challenges, weathered storms, and never left my side. | am very grateful to all of you.”
“The Huber Group has achieved its current status and glory, and you have made indelible contributions.” “Robin decided to take over Glory Edifice with a budget of 20 billion, you were very worried, and | understand.”
“Since the day we started our business, you have been following me, Harold, with the desire to live a good life, make big money, have status, and dignity. There is no fault in this.”
“Now | still think so.” “| had a responsibility to be accountable for the wealth and status that the Huber Group and you have already acquired.”
“However, as the appointed President of the Eastern District Development Corporation, Robin has made decisions that | fully agree with!”
“| will not stop him, no matter what purpose he has for signing the contract to take over the Glory Edifice business district with Freddie.”
As soon as Harold finished speaking, the conference hall instantly fell silent, with every shareholder and top executive looking at him in astonishment.
Chapter 117 The Board Meeting of the Huber Group
The conference hall fell silent for a while, and Shawn finally spoke, “Long, the investment in Glory Edifice business district is not a small amount.”
“Robin’s decision was too hasty! If the investment fails, the Huber Group will be severely damaged, and decades of hard work will go down the drain! How could you agree to this plan?”
“Long Ge, if we simply took over Glory Edifice for a mere 20 billion, it wouldn't be a big deal.”
“However, subsequent investments would require a large amount of funds!” It can be said that the southern plot is a bottomless pit, it will drag the Huber Group into an abyss!
Emest also stood up excitedly and said, “Sir, please consider this matter carefully. It was not easy for us to follow you in establishing the Huber Group.”
“At that time, we had nothing and started from scratch with you, and today we have the Huber Group in Hallcester.”
“He, Robin, a reckless young lad, with his impulsive decisions, really could have...”
“Alright, all of you, stop talking!” Harold said sternly as he looked at them.
“| knew what you were worried about.”
“Don't worry, | and Camdyn, Karina, and Justin, together, signed a guarantee with Robin for the shares of Glory Edifice.” “If, as you say, the Huber family would never let you suffer any losses...”
Chapter 117 The Board Meeting of the Huber Group
At this point, Justin stood up and said, “Dad, | don’t have too many shares in hand, | won’t guarantee for Robin!”
Harold hesitated for a moment, a hint of anger flashed in his eyes. “Shut up! | can agree to your request!”
“Camdyn, Karina, and |, the three of us together hold nearly 40% of the shares. If Justin is not willing, | will go along with him!” “We are willing to use 40% of the shares as a risk guarantee for Robin’s takeover of Glory Edifice.”
“If that’s the case and shareholders are still unwilling, then you can choose to withdraw from the Huber Group’s shareholders‘ meeting.”
“|, Harold, will definitely liquidate the equity in your hands. immediately!”
“Alright, I'll give you one night to consider. Tomorrow afternoon, you make a decision.”
“If you are not willing to support Robin's decision, then you can withdraw from the shareholders‘ meeting of the Huber Group!” “The Huber Group would immediately liquidate your shares at the highest price!”
“Karina, prepare the share transfer agreement! If any shareholder wants to withdraw their shares, immediately provide them with cash!”
As soon as Harold finished speaking, everyone in the room fell silent.
Shawn simply shook his head and let out a long sigh, saying, “Long, since you've made up your mind like this, | have nothing to say. Everything | have is given by you. | won’t quit the Huber Group.”
Ernest also nodded, “Very well, old man. | was once a poor beggar, but
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in this lifetime, | have go
in this lifetime, | have gone through ups and downs with you until today. It has been worth it.” “Since you have already decided to agree to Robin’s proposal, | will follow you.”
“Even though | lost everything due to this investment in Glory Edifice, it doesn’t matter!” However, a few shareholders were whispering and hesitating at that
moment, wondering whether to withdraw from the Huber Group.