CEO candidate

So as long as Wang Xiuyuan and the others wanted to pursue this business, it would definitely succeed.

On the surface, it appeared that Wang Xiuyuan and his group were asking the state government for business; in reality, they were taking the initiative to help the state government solve its financial burden, saving them over thirty percent in funds annually while also relieving state officials of the headache of managing prisoners.

Fundamentally, they were sharing the pressure with the state government.

Wang Xiuyuan's viewpoint received unanimous agreement, so he continued:

"We are taking a huge risk of loss to solve a large part of the financial pressure for various federal states, so it's reasonable to make some corresponding requests, right?

For example, the state government must guarantee that our prison occupancy rate is no lower than ninety-five percent, and those incarcerated in our prisons must be convicts with sentences of five years or more.

This way, we can better have the prisoners produce goods for us; skilled workers are definitely much more useful than novices.

It is only reasonable for the state government to settle the year's subsidy fees with us in advance when we take over the management of the prisons.

This can effectively help us reduce operational pressure and is more conducive to us quickly taking over the management rights of all two thousand-plus prisons in America in the short term, achieving a true industry monopoly.

Additionally, the prison land and auxiliary buildings are state government property. It's only reasonable for the ownership of this land and these buildings to transfer to us after we operate at such high risk for ten years.

So this is a monopoly business where we can triple-dip: we take the government's money, we take the prisoners' money, and we take the money from the goods produced.

This way, we couldn't lose money even if we wanted to."

Wang Xiuyuan's business plan directly refreshed the worldviews of these Second-generation rich kids; before today, who among them would have dared to imagine such a business existed in this world?

Vampiric capitalists?

The 'evil capitalists' were practically pure as angels compared to Wang Xiuyuan.

"This business is definitely reliable; I think it'll work."

"Let's do it; I think it would be hard to even lose money."

"As long as we use all our family connections, this business will definitely succeed. With a complete and detailed business plan and supported profit points, it's absolutely reliable."

Everyone felt this business could make money, and they were all very confident about it.

Sanchez Roosevelt spoke up and asked at this time.

"I have great confidence in this business; now there's just one question.

How will the shares of the three companies be divided, and what roles and responsibilities will each of us have?

Wang Xiuyuan, you must have planned this out long ago, right? Just say it now and let everyone hear. As long as it's not too outrageous, we'll do as you say."

The question Sanchez Roosevelt raised was very crucial. In real life, there are many businesses that look reliable, but the probability of problems in a partnership is much higher than in a sole proprietorship.

Excluding cases of closure due simply to poor management, it's mainly because unclear division of roles among partners leads to a series of conflicts, or an unreasonable initial share structure leads to interest disputes.

What Wang Xiuyuan and these nine Second-generation rich kids needed most to do now was to divide the equity of each company and clarify their respective job responsibilities.

Wang Xiuyuan had been brewing this private prison business for a long time, and he had planned out every aspect, including the equity structure and the job responsibilities of these Second-generation rich kids.

"To bypass the restrictions of anti-monopoly laws, we need to set up three companies, so we need to pick three capable people to manage each of them.

The questions I kept asking earlier were actually a screening process to see whose thinking was clearer and who could most quickly grasp my intentions.

I proposed this business, and I know its management philosophy and methods best.

In most cases, it will be me and the CEOs of these three companies controlling the direction, so I must ensure that our thoughts and philosophies are highly consistent.

I assume everyone agrees on this?

The founding teams of many companies eventually fall apart because of problems with management philosophy and direction; you wouldn't want our company to end up like that, would you?"

Wang Xiuyuan spoke very directly, with no intention of hiding anything.

Although it didn't sound very pleasant, these are problems any partnership will encounter, and everyone strongly agreed with Wang Xiuyuan's viewpoint.

"Based on everyone's performance just now and what I felt during our last contact, I currently favor Reynoldson Rockefeller, Devik Morgan, and Locke Vanderbilt.

Everyone should remember the answers to each question and part, so I won't repeat them.

Another thing is their backgrounds.

Whether it's the Rockefeller Family, the Morgan Family, or the Vanderbilt Family, they were all families that became extremely wealthy in America at the end of the last century and the beginning of this one, and they have continued to thrive until now.

If the three of them step up to manage the companies, the three major families behind them will also have to put in more effort to support them.

Of course, your family backgrounds are no worse than theirs; I've just selected the three most suitable people based on a comprehensive consideration of all aspects.

Take Sanchez Roosevelt, for example; his performance was equally impressive, but I have a more suitable job for him to do.

So, does anyone have any questions regarding the candidates for the CEOs of these three companies?"

Wang Xiuyuan's reasons for these three CEO candidates were well-founded, fully considering individual capabilities and family backgrounds. It was absolutely fair, just, and open, and everyone had no objections, expressing their agreement one after another.

"No problem!"

"I agree."

"What you said makes sense."

"Keep going."

Seeing that no one had any objections, Wang Xiuyuan continued.

"Now, let's talk about how the shares of these three companies will be divided.

First, I am the founder of this business and deserve the most credit. In the later stages of operation, I will need to help control the direction, so I will take twenty percent of the shares in each company.

The CEOs of these three companies are Renoson, Devik, and Locke. The daily management of the companies will mainly rely on their efforts.

Therefore, the three of them should hold the most shares in their respective companies, thirty percent each. Additionally, they will each hold five percent of the shares in the other two companies.

It's impossible for all three companies to develop equally well; inevitably, some will do better and some will do worse. Only if everyone is part of a community of shared interests will they not harm each other.

This is also to prevent cutthroat competition and backstabbing. Just because everyone has a good relationship now doesn't mean it will always be that way, so it's better to take precautions."