Female Novel
Chapter 418
Chapter 418
Keegan lowered his eyes and gave an affirmative response before Cordelia continued, "Hand over the ‘Opulentus' project to Mr.Walford for the time being. Apologize and issue any necessary statements. We have to clean up the aftermath of this situationthoroughly.
"Understood," Keegan said.However, a shareholder questioned the severity of the punishment.’ Cordelia, isn't this punishment too lenient?" he asked.
Although the punishment may have seemed severe, it did very little to harm Keegan. Everyone in the Vinci Rivera Group knewthat Keegan's biggest asset was Semiconductor Technology, a company he had aggressively acquired and invested a significantamount of research funds into. At the time of the acquisition, many shareholders opposed the proposal, leaving the Vinci RiveraGroup with only ten percent of the shares, while the remaining fifty percent were Keegan's personal investment. However,Semiconductor Technology made a breakthrough in research this year.
Who would have thought that a cottage-scale company would turn the tables in a few years and become the most promising chipsemiconductor company in the industry today?
When Semiconductor Technology was struggling to generate profits, the shareholders did not want to invest in it. But, when itbegan to make money, they started to feel envious. Many shareholders now felt that Vinci Rivera Group's investment in it wastoo meager and made multiple attempts to acquire shares in Semiconductor Technology. However, Keegan rejected their offerseach time.
The potential for Semiconductor Technology to soar once it became publicly listed was undeniable. With Keegan holding overfifty percent of the company's shares, the financial gains would be enormous, multiplying several times over like a snowballrolling down a hill. It was enough to make anyone envious.
Cordelia glanced at the person and asked, "What do you suggest then, Derrick?"
‘Well, this incident has caused significant losses to us shareholders. Since Keegan has expressed his intention to compensateus, why not have him sell twenty percent of the shares in Semiconductor Technology to Vinci Rivera Group?"
Cordelia could not help but chuckle at Derrick's proposal. "Derrick, correct me if I'm wrong, but weren't you the one whovehemently opposed Keegan’s acquisition proposal for Semiconductor Technology back then? You argued that the research anddevelopment team wasn't mature enough, the investment was too large, and the results were uncertain.
That's why you persisted on reducing Keegan's suggested forty percent stake to just ten percent," Cordelia pointed out. "Keeganpersonally funded the research and development. After all the hard work, now that it has finally paid off, everyone is scramblingfor the shares. Semiconductor Technology is Keegan's personal investment, so it's not my place to make decisions on hisbehalf."novelbin
Derrick's face immediately turned red. He did not expect Cordelia to be so straightforward.
Cordelia continued, "Vinci Rivera Group has been through a lot of tough times, but we've always managed to get through themas a team. We used to be able to sit down and calmly discuss how to handle a crisis. But now, we're just trying to figure out whoto blame and how to limit our own losses. If we can't stick together through the good times and the bad, then there's no point inhaving these meetings. If anyone has a problem with that, they can just sell their shares and leave."
With those words, the room fell silent.
The sudden threat from Cordelia to have the shareholders withdraw their shares had caught everyone off guard. Although it wasclear that this temporary crisis would not lead to the downfall of the Vinci Rivera Group, the scene was created more likely for thesake of salvaging their own losses rather than for the company's welfare. However, the notion of relinquishing their shares wassimply out of the question. They had reaped significant profits over the years, all thanks to the success of the Vinci Rivera Group.How could they easily give up their shares?
“We will conclude today's meeting unless there are any objections. However, | want to make it clear that if anyone chooses to
take any covert actions instead of addressing their objections here, | will not tolerate it."
The meeting finally came to a temporary end after Keegan had surrendered the "Opulentus", a chip semiconductor project. Onthe other hand, the Vinci Rivera Group still had to deal with the online criticisms that followed. Regardless, they had to give thepublic an explanation.
When they left the meeting, Jackson stopped and looked at Keegan. He suddenly said with a mockery tone, "I didn't expect youto be so devoted to love. What a pity.”
Keegan frowned. But, Jackson just walked away after he said that.
Cordelia had been in the meeting until late at night and was feeling a little tired. So, she did not stay long after the meetingended.
While Keegan was in the car, he watched the video repeatedly with a frown on his face. "Aldor, did you tamper with this video?"he asked.
"| didn't. This is exactly how it was when | retrieved it from the university. There was no sign of madam in it," Aldor replied.