Chapter 1371 - Softbank’s Director
Chapter 1371 – Softbank’s Director
“Have a sit first. What is it?” Feng Yu asked.
“A company had invited me to be their independent outside director!” Kameda Masao avoided Feng Yu’s eyes as he said.
Without Feng Yu, he will never get to where he is today. He is Japan’s second Richest Tycoon and is very grateful to Feng Yu. Feng Yu also trusted him to be the President and CEO of Wind and Rain Holdings. He felt he is betraying Feng Yu if he becomes another company’s director.
Feng Yu laughed. “It’s common for top executives to become independent outside directors of another company. What’s wrong? Which company is it?”
Feng Yu might look pleased, but he is not happy in his heart. He had given Kameda Masao authority, and shares are to let him work for him wholeheartedly.
If Kameda Masao becomes another company’s director, he will be distracted. But since he brought this up to Feng Yu, he should be interested. That’s why Feng Yu did not stop him.
Feng Yu is also curious which company had invited Kameda Masao. By right, they should have invited him.
Suppose Kameda Masao had rejected that company for Feng Yu without telling him because he wants to be the director. In that case, it will be very serious.
“It’s our Japan’s Softbank.”
Softbank? Sun Zhengyi!
Feng Yu is not surprised that this company did not invite him because he had snatched away many of the companies they wanted to invest in. This move had lowered Softbank’s profits greatly, and Sun Zhengyi hates him.
Also, Softbank does not like outsiders. Their directors are mostly Japanese, and only one or two Americans. There are no Chinese on their board of directors, despite Sun Zhengyi’s claims to be a Chinese descendant in China.
There are many Chinese descendants in the US, but how many of them identify themselves as Chinese? Most of them call themselves Americans and don’t even speak Mandarin.
Sun Zhengyi is the same. He cannot speak Mandarin and claims to be Chinese. There are too many Chinese descendants in this world.
“Why did he invite you to be their independent outside director? Does this mean you had bought Softbank’s shares?”
“Not!” Kameda Masao quickly replied. “I know I can get to this position is because of you. If I am not the President of Wind and Rain Holdings, he will not invite me.”
“I think he wants to invite you, but Sun Zhengyi denied when I asked him. Maybe he feels that he is not good enough to invite you.’
Feng Yu shook his head and smiled. Kameda Masao is a master at sucking up to him!
“Alright. I had snatched many investment opportunities from Sun Zhengyi and made money from those companies. This had lowered his investments in China, and he should hate me. It is normal for him not to invite me. Furthermore, why will I agree if he invites me? Do you think I care about being Softbank’s independent outside director?”
Softbank is one of the most famous investment companies globally. They have the most investments in IT-related companies in the world.
They invested in more than 500 companies globally and owned more than 30% shares in nearly 300 IT companies. Before the dot.com crisis, Sun Zhengyi was not only Japan’s Richest Man, and he is also one of the top ten billionaires in the world.
But Softbank’s shares plunged after the dot.com bubble burst, and some of the companies they own went bust, causing heavy losses. Despite this, Sun Zhengyi is still Japan’s Richest Man above Kameda Masao!
Sun Zhengyi is similar to Kameda Masao. Both do not have deep roots in Japan and cannot be compared to those Japanese MNC with a long history.
Those MNC do not have any super tycoons, but the wealth they control through shares exchanges is shocking.
This is also why Feng Yu does not think his status as the World’s Richest Man is that important. Those large conglomerates are extremely wealthy, and their assets are still far from them.
Suppose Morgan Financial Group invited Feng Yu to become their independent outside director. In that case, he might be interested because they control trillions of USD worth of assets.
But Feng Yu thinks nothing of Softbank!
Kameda Masao heard what Feng Yu said and added. “That’s right. Your assets are more than Softbank. Why should you become their director? I think they know this, and that’s why they did not invite you.”
“But I am different. Although I had made some money, and my declared assets are second in Japan, my roots are not deep in Japan. My family’s status is also not high.”
If I can become Softbank’s director, it will increase my family’s status. Boss, please believe me. I am not betraying you. If you don’t agree, I will reject Sun Zhengyi immediately!”
Feng Yu waved his hand. “No. I didn’t say I don’t agree. You can accept his invitation as this will be helpful to your family. I appreciate people who place their family’s interest first.”
“Wind and Rain Holdings do not have many assets in Japan, and the influence is not that great. It will not help in increasing your social status. If Wind and Rain Holdings is located in Japan, your status will increase by several folds. It can stand shoulder to shoulder with the Presidents from other conglomerates.”
“But he should have some conditions for asking you to be Softbank’s director, right?”
“He wants to use Wind and Rain Holdings and my connections to help with Softbank’s and other directors’ companies’ development.” Kameda Masao did not hide anything from Feng Yu.
As expected, they are after Kameda Masao’s influence as Wind and Rain Holdings’ President. If one of Softbank’s directors is Yahoo Japan’s CEO, and another director is from Goldman Sachs, it will benefit Softbank greatly.
These people can help with Softbank’s investment and expansion after they entered the Board of Directors. Kameda Masao can also benefit Wind and Rain Holdings after he becomes a Softbank director. He should know which side can benefit him more, and he will never betray Feng Yu.
Why is Sun Zhengyi doing this? What is his motive?