Equity incentives are very common among high-tech companies in the United States, especially companies founded in Silicon Valley. Most of these emerging companies have a few founders who come up with a promising project development plan and then persuade venture capitalists to take money.

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The funds for these new companies are usually not enough when they are started, and they need to constantly look for rounds of financing before going public. Therefore, it is naturally impossible to provide employees with very attractive salaries.

In order to attract and retain talents, the company will reward employees in other ways, such as stock options. The company will promise employees that as long as they serve for a certain period, they can withdraw from the company at the price and amount agreed upon in the agreement after the company's stocks are listed and circulated.

Purchase the corresponding stocks.

In order to turn the blank check option agreement in their hands into real money, employees will naturally work hard to make the company go public and raise funds as soon as possible. In this way, all the employees of the company are tied to the company's chariot and work hard together.

Beautiful Chinese newspapers report from time to time that technology companies have completed IPOs and the entire company will create a large number of billionaires, multi-millionaires, and millionaires. Even ordinary workers at the bottom, as long as they have served the company for enough years,

You will receive option rewards, which is a considerable amount of additional income.

Equity incentives are a very unfamiliar term to most people in Xiangjiang. Most of the companies in Xiangjiang are family-run. Even if excellent professional managers are hired from outside, they are always on the condition of offering high salaries, which is rarely the case.

Take the initiative to let management directly hold shares.

Of course, this is also related to the fact that most enterprises in Hong Kong are concentrated in traditional industries such as textiles, clothing, toys, and real estate. It does not matter even if one or two people are lost in traditional industries.

But Dingtian Company is different. Bai Zirui wants to build a research and development company, not a sweat manufacturing factory. Maintaining the stability of management and scientific researchers has become an important factor in the development of Dingtian Company.

You must know that throughout the 1980s, people's hearts were fluctuating because of the future of Xiangjiang. Bai Zirui had to plan ahead and think of countermeasures in advance. He was not willing to change management every three days. Every change in the top management would have an impact on the development of the company.

Unpredictable effects.

Equity incentives are undoubtedly a good medicine to unite people's hearts. If an employee resigns from Dingtian Company before the options are redeemed, the options will be invalidated and the employees will suffer heavy losses.

We can recruit more workers in nearby villages, and even build all the nearby roads for them. Each village must sell at least 500 acres of land to our company, with no upper limit.

In addition to John Chambers and Xu Jingli, Xu Zhihao and several other company executives were elated. They were the biggest beneficiaries of the equity incentive plan. It is conceivable that the day Dingtian Company goes public, their assets will be like a rocket.

The same surge.

The construction of the factory is cost-effective. Except for the Spring Festival holiday, we work 24 hours a day. After passing the inspection and acceptance, there is no arrears of project payment, which makes several construction companies in Xiangjiang work on the construction site of Dingtian Company.

Bai Zirui talked about the development progress of small CNC machine tools and asked Xu Zhihao to set aside enough production workshops for Walkmans and machine tools. He wanted to build an automated Walkman production line that could produce and assemble about 10,000 Walkmans a day.

Sound.

Bai Zirui led John Chambers and other company executives to inspect the construction of the factory. Compared with when it was first acquired, Dingtian Company has undergone earth-shaking changes. In the past, there were only one factory building, one simple warehouse, and one

The dormitory building, a two-story factory with a decorative facade, can no longer be seen at a glance.

We just want to build a garden-style factory, and we must work together according to this goal."

Bai Zirui finally concluded: "Our company's land area looks large, but it is actually too small. The public relations department arranged for people to negotiate with two nearby villages.

We will demolish several old buildings and build a library. Not only do we want all workers to make money here, but they also need to learn knowledge. They may not have had the conditions at home before, but we need to create conditions for them in the company.

All wires and sewer pipes are still buried underground, and sufficient space for interfaces must be reserved for all office telephone lines. This is a network interface reserved for the future.

Bai Zirui finally asked about the construction status of the factory. The first phase of the plan has been completed. He was surprised by the speed of Xiangjiang construction workers in this era. It only took about three months from the start of construction to now.

If conditions permit, I will build this place into the best factory in the world. If there is not so much land, then we will have to go to the New Territories for development, and the land near the seaside must be sold to us, and we will build our own dock.

A total of 10 standard 3-story factory buildings with a length of 50 meters, a width of 20 meters and a height of 5 meters were built. According to Bai Zirui's request, two additional factory buildings with a length of 75 meters, a width of 30 meters and a height of 5 meters were built.

A factory building of 100 meters, 40 meters wide and 5 meters high.

Bai Zirui requested the construction of a gym that can accommodate 500 people; the construction of an indoor basketball court with 5,000 seats, which can be used as an auditorium during events; the construction of a 200-meter track and a football field; all leisure and entertainment facilities companies on the market are here

Have it all.

Dingtian Company's original factory, plus the surrounding land rented by him, covers an area of ​​about 0.5 square kilometers, nearly 750 acres. Now the construction area has been developed into 102 acres.

Construction of 5 dormitories, two of which are built according to business hotel standards, can accommodate up to 5,000 workers. The company currently has less than 2,000 people in total including all newly recruited workers. The second phase is under construction including the R&D department, the company

The headquarters, entertainment and leisure facilities for workers, are under construction day and night.

Small CNC machine tools are planned to be digested internally in the next 2 to 3 years, and there is no intention to export them. After all, the overall competitive strength of Dingtian Company is not as good as those companies that have been famous for a long time. Only after laying a solid foundation can it be able to compete with these machinery manufacturing industries.

The overlords have a show of arms.

A month passed by, and Dingtian Electric Company's Walkman was officially put into production. There were originally five models of products, but Bai Zirui was not very satisfied with Liang Jinghua's designs for two of them and eliminated them.

Bai Zirui paid him the balance of HK$100,000 and asked him to continue improving the design. So Dingtian Electric Company put into production three models of Walkmans, all production lines were fully debugged, and CNC machine tools were also being researched simultaneously.

Bai Zirui's investment in the research and development of the Walkman has reached 30 million U.S. dollars. The money spent is very worthwhile. The world's most advanced small CNC machine tool that Professor Cen Haozhang is about to successfully develop will cost more than this amount. This is something that many rich countries have.

Things you can't buy.

Bai Zirui looked at the three produced Walkmans with smooth lines, cool colors and small and exquisite sizes. At first glance, it was a good-looking product. He picked up one of the Walkmans, connected it to the headphones, and pressed play.
Chapter completed!