All the board members of Ellis Law Firm were already waiting in the high-level conference room of the law firm.
They also knew that Jimmy had a connection with the Rothschild family, so they did not dare to neglect anything. Both those who often lived in New York and those who did not often came over early to wait.
This feeling is very similar to that of a third-rate family in a feudal kingdom. Originally it was not even close to the royal family, but suddenly a beautiful girl appeared and was granted a permanent status by the emperor.
It was as if the whole family finally had someone who could go to heaven to listen. Everyone was looking forward to her being able to stage a Zhen Huan legend in the palace, upgrade from Chang to fight monsters and become the queen, so that the whole family could flourish.
Even Ellis had the same idea.
He appeasing Jimmy is just one of them. In his view, appeasing Jimmy is not a problem. The key is how to make Jimmy make greater contributions to Ellis Law Firm after appeasing him.
When the two came to Manhattan and met with all the board members in the conference room, the entire conference room burst into thunderous applause. Everyone looked at Jimmy with admiration. The meaning was very clear, you start today. , is the hope of the whole village.
Jimmy looked at these directors who were usually aloof and superior, and now they were all flattering to him, and he felt filled with emotion. This is the influence of the Rothschild family in the United States, which is enough to make the so-called elites bow to their knees.
After the thunderous applause, Nate Ellis said with a proud face: “I invite everyone here today just to announce my decision in front of everyone, which is to officially nominate Mr. Jimmy Smith as the The current 11 board members of our Ellis Law Firm are on the list, so we will vote by show of hands, please raise your hands if you agree with my nomination.”
As soon as he finished speaking, the other 10 directors raised their right hands without hesitation, and one of them even said impatiently: “Chairman, a contributing employee like Jimmy must be quickly absorbed into the board of directors. , and the other thing is that our option agreement has been prepared for a long time, let Jimmy sign it quickly.”
Knight nodded, took out the contract, and said to Jimmy: “Jimmy, look, this is the option agreement we have prepared. After research and decision by the board of directors, you will be given an option of 100,000 shares of the company, which is approximately 3% of the company’s total shares. These The options will be cashed out in 5 years. As long as you work here for 5 years, you can hold these options permanently. In addition, as long as you sign this agreement, you will have the right to dividends on 100,000 share options. With our current annual antique dividends of around US$200 million, we can probably get an additional five to six million US dollars in option dividends every year.”
Jimmy did not look at the contract, but said very seriously: “We can discuss the contract later. What I want to see now is the dirty information about all the senior partners of Ellis. You should hand over all the dirty information you have.” I, let’s continue talking, otherwise we’ll just prepare the termination agreement.”
Everyone looked at each other in confusion for a moment, but Knight was the first to break the awkwardness and said with a smile: “It’s simple. Since Jimmy will soon become a part of the board of directors, these secrets should be shared with him.”
After that, he took out an Apple laptop from his briefcase, opened it, and said to Jimmy: “Since you are one of our own, I might as well tell you our operating model. We give top law graduates in the United States every year We provide a large number of internship opportunities in order to select potential talents from them and absorb them into our law firm. When talents come in, we will conduct an internal rating. Those with excellent potential are S-level, and then A-level. , b-level, c-level and d-level, and the admission range value is selected from the two levels of s-level and a-level;”
“It often takes five to ten years for a lawyer to accumulate experience. If he performs well, we will give him a promotion and raise his salary. If he performs very well, we will include him in the partner plan;”
“As you know very well, the partner plan is a salary and option incentive plan. As long as you enter the partner plan, you will become a quasi-partner. We will give him a higher salary and certain options. These The options will be gradually redeemed and exercised over five to ten years to bind him to stay in Ellis and create greater residual value for us.”
Jimmy stretched out his hand to interrupt him: “These are all clichés. What I mainly want to know is how the black material part is operated, and what kind of black material you have.”
“Okay…” Knight said awkwardly: “Once a partner makes outstanding contributions and is promoted to senior partner, we need to prepare for the future. Senior partners are very capable and have their own client groups. Their appetite will become bigger and bigger, and they will demand a higher option ratio, and even ask to join the board of directors and become a member of the board of directors. However, our options are also limited. The maximum number of shares in a company is 100%. Everyone can We want to divide a little bit, but in the end, the more we divide, the less it will be. This will also cause a group of senior partners to become dissatisfied, so before they become dissatisfied, we will create a series of opportunities for them to make mistakes.”
“The purpose of our law firm is to make every senior partner make mistakes and leave them with a reason to make mistakes. It is like buying a remote-controlled bomb on them. Whether it will explode or not, or when it will explode, depends entirely on the board of directors. ”
With that said, Knight brainwashed Jimmy again: “Jimmy, don’t over-interpret this kind of thing. In the future, you will also be a member of the board of directors. Then you will know that those senior partners outside are actually making money for us. Tools, only if they do their job well and create more profits and value for the law firm can we, the people, sit back and relax and receive a large amount of cash every year. In other words, those people are our cows and horses, and we must definitely Tie them up with the best chains so they don’t escape.”