binnovel Chapter 281 Family Trust Fund
Chapter 281 Family Trust Fund
"Next, I plan to take out 40% of my remaining shares after the auction and set up a family trust fund, which will be fully managed by my Huayang Sun family-----"
As soon as these words were spoken, Sun Bing and several other members of the Sun family who came out of Huayang all looked at Sun Shan in shock as he spoke so calmly.
Family foundation?
Forty percent of the shares will be handed over to the family?
Seeing the uproar in the conference room, Sun Shan gently waved his hand: "Everyone, be quiet and listen to my explanation-----"
"As for the family fund, it is about selecting talents who are good at financial management from the family to be responsible for the management and operation of the wealth I donated."
"It can invest in any project it deems worthy of investment. Then, after retaining a portion of the profits from the annual income, the elders of the tribe will distribute the income to the children of the tribe according to the tribe's convention, or carry out some charity activities for the tribe."
"Among them, I, Sun Shan, as a donor, will serve as the honorary chairman of the Huayang Trust Fund and have the highest veto power, but I will not participate in the operation and management of the trust fund. The entire responsibility will be held by the elders elected by the family."
"As for the operation and allocation of this series, it definitely requires careful study and detailed formulation, but this is the general situation."
Having said that, everyone understood.
Sun Shan didn't want to have the whole thing to himself, and was willing to share 40% of his shares with all family members.
This immediately made everyone in the conference room feel complicated.
No one expected that Sun Shan, at such a young age, had such a great state of mind and courage, and took the initiative to spit out the fat in his mouth and share it with his fellow tribesmen.
So what about yourself?
Is it also necessary to set up a family trust fund to control and balance power within the family?
Amid the sounds of scattered applause, Sun Shan looked at Yang Yuanqing, who was looking at him thoughtfully, and then nodded.
In fact, this trust fund was mainly because the royal family wanted to join. If he and Yang Yuanqing held it in their hands, after the auction, the huge fortune would be as high as millions or even tens of millions of taels.
It will cause huge trouble.
Therefore, Sun Shan wanted to sell a part of it first, so that he could have cash for future investments, and secondly, to attract more investment profit allies.
Thirdly, I also want to try whether stocks a thousand years from now can concentrate the dispersed wealth in this world and do more big things.
As for giving 40% of the benefits to the family, this is also inevitable.
If one wants to unite the family into one, if one wants to control the Huayang family, or even the main branch of the Mianyang Sun family, one must give up one's own interests.
This time, I am auctioning off my stocks and selling off my family fund. I believe that when the main branch in Mianyang hears about it, they will definitely take action.
Then when------
Yang Yuanqing saw what he wanted to see in Sun Shan's eyes.
During this period, he has been worried about the shares of Datong Chamber of Commerce in his hands.
With the huge success of Red House and Datong Real Estate, this has become a hot potato.
In particular, the establishment of the Coal Bureau and the Smelting Bureau will surely make me uneasy day and night.
Because, in the past two or three months, members of the royal family have written letters one after another, and even sent people in charge to interrogate him face to face.
Some people are willing to buy it with money, while others force it with malicious intent.
It was only after Yang Kewei moved in that things became a little quieter.
But they are all very cunning and are just waiting to see how he can give an explanation to the emperor.
At present, the family trust fund proposed by Sun Shan has really solved his biggest worry.
So, he gritted his teeth, coughed, and said, "I think what Consultant Sun did is very good. After Huayang Trust Fund is established, I am willing to follow his example."
Yang Yuanqing paused and said helplessly, "I plan to donate 60% of my shares and set up a trust fund to be held by all members of our Yang family!"
"Good! Your Majesty is really generous, much more courageous than me!"
When Sun Shan saw that Yang Yuanqing understood his intention, he was the first to slap him and cheered.
At this time, everyone in the conference room breathed a sigh of relief.
As long as the two largest shareholders of Datong Chamber of Commerce solve their internal problems, Datong Chamber of Commerce will have a smooth road ahead.
As for the other small shareholders, before the share auction, they have not yet felt the pressure brought by the appreciation of their shares after the auction.
But Jacky Cheung has already thought about it. When the time comes, he will do the same as Sun Shan and sell part of his shares depending on the situation to avoid making others jealous.
After all, our company is the weakest among these shareholders.
After everyone had spoken a lot, Sun Shan made a suggestion: "Next, I would like to make another suggestion, which is about the retirement pension of our Datong Chamber of Commerce employees------"
Everyone in the conference room was stunned again after hearing this.
There is no such thing as retirement and pension in this world.
Besides, Datong Chamber of Commerce has only been established for half a year, so where would the people for retirement and pension come from?
Amid the discussion, Yang Yuanqing coughed forcefully: "Everyone, be quiet and listen to what Advisor Sun has to say. Many of his ideas are very groundbreaking."
Then, he waved his hand at Sun Shan and said, "Advisor Sun, please continue. I'm curious about your retirement plan."
"hehe----"
Sun Shan chuckled and said slowly, "As the name suggests, retirement means retiring from a job. We can't work all our lives. When we are old and our bodies are no longer able to support us, we should spend our twilight years in peace, enjoy the happiness of family, travel around the mountains and see the water. That is the real happiness in our later years."
"I think that men who do manual labor should retire at the age of fifty-five, and women should retire at the age of fifty."
"For those engaged in management, the extension is five years----"
As he spoke, Sun Shan glanced at Mo Jiayuan, who looked grim, and Yue Yunfei, who was nearly sixty years old but still strong, and added with a smile: "Of course, special talents like Dean Mo, the older they are, the more experienced they are. They are rare talents in the world. If they retire early, it will be a loss to the world."
"We can continue to do our work through re-employment and honorary titles, but we cannot hold full-time positions-----"
As he spoke, Sun Shan explained what re-employment and honorary titles meant.
Although everyone was a little confused by what he said, they understood Sun Shan's intention.
The worry is that if a certain person occupies a certain position for a long time and does not retire until he gets old, it will affect the replacement of talents and even cause great disadvantages.
Well, everyone understands that once someone has worked in an important position for decades, his control and influence over this field will be amazing.
Moreover, the thinking of the elderly is quite rigid and they find it difficult to accept new things. In serious cases, this may hinder the progress of technology and society.
After thinking about it, Yue Yunfei was so scared that he broke out in a cold sweat.
Because the Datong Chamber of Commerce does not belong to an individual. If Sun Bing and others are really allowed to sit in that position all the time, even if they were not very good originally, it will become uncontrollable.
Involuntarily, the first one to respond was: "I think Consultant Sun's proposal is very good. It can really help our Datong Chamber of Commerce to maintain its prosperity!"
After saying this, he raised his voice and said: "In two years, when I am sixty years old, I will definitely retire on time and play a leading role!"
This statement caused applause in the conference room. No one expected that Yue Yunfei, who was the first to agree, would be the first to agree.
"Haha, President Yue really has a broad mind!"
Sun Shan gave a thumbs up in admiration, and then added with a smile: "If President Yue is still in good health by then, we can rehire him. We can sign a contract for the specific time."
Who would have thought that Yue Yunfei would resolutely shake his head and say, "There's no need for that. If I'm going to retire, I'll retire. If you need me, I can stay in this honorary position for another two or three years and guide the successors!"
When saying this, Yue Yunfei's gaze subconsciously turned to his son Yue Qingfeng.