<strong>Chapter 1395 – Suing Microsoft</strong>
Something drastic happened when Bill Gates thought he could use the Chinese market to suppress Lenovo Kingsoft with his acquired softwarepanies.
“What are you doing?! How can you not sign a new contract with thosepanies’ elites when you acquire them? The valuation reports you have given us include the value of these people. Where are these people now?!”
Ballmer threw a stack of documents on the floor. He will have thrown the documents on that person’s face if it is not a crime.
They had spent a lot to acquire these overvaluedpanies because of the IT elites there, but all of them had quit!
They had wasted all their money. Without these elites, thesepanies’ value will be halved!
“I also did not expect their contracts will have this issue. Theirpensation when they leave thepany is very little.”
Chinese employees’pensation to thepany when they break their contract is very littlepared to other countries. Furthermore, most of these softwarepanies were set up by a group of friends. They didn’t need topensate thepany when they resign.
Many of the contracts didn’t even state thepensation amount when employees leave, and there are many loopholes.
It would not be a problem if Microsoft used these loopholes. But others are using the contracts’ loopholes to let Microsoft suffer losses.
Ballmer felt his future is gloomy. Bill Gates had supported him to be the President and CEO, but he should be losing one or even both positions now.
This will affect Ballmer’s ie and future career prospects.
Who would hire someone that had made this grave mistake?
“President, I had asked my men to sign a new contract with them and managed to retain some of them. It’s mainly the Chinesepanies that are poaching them, and I suspect they had nned it!”
“Even if they had nned it, it’s still your fault. Why didn’t you discover this earlier? If you had noticed this, will it happen? Also, why are you not in China to settle this crisis? Get back and start poaching people from Lenovo Kingsoft and otherpanies!”
“If you cannot even do this, you will be reced with someone more capable!”
Microsoft China Branch had just expanded, and it will be a great loss if the person in charge loses his position. He immediately guarantees heplete this task and left.
.......
“Old Lei, how many people have we hired from Microsoft newly acquiredpanies? Did they implement any countermeasures?”
“They quickly sign new contracts with their employees and offered high sries to retain some of the people we wanted. But this did not affect us much as we had hired almost one-third of the people we wanted.”
So fast? Feng Yu is satisfied with Lei Jun and the rest’s performance.
Of course, not only Lenovo Kingsoft is poaching these people. Wang Zhixi, Ma Huateng, Ma Yun, Li Yanhong, and the rest had also hired some inte experts from thosepanies.
Other than the staff of the acquiredpanies are leaving, some of Microsoft China Branch’s staff had also left after their contracts ended. They can’t stand those arrogant foreigners.
The almighty Microsoft had be a stepping stone and helped the Chinesepanies groom talents.
Microsoft had spent a lot to acquire many ITpanies but suffered a heavy loss.
Money cannot buy talents!
“Well done. Microsoft might have suffered losses, but don’t let down your guard. One billion USD is nothing to them and will not affect them. We must be careful of their retaliation.”
Microsoft will not ept defeat easily. They will surelye up with some countermeasures.
“Microsoft has started to poach ourpanies’ staff. But we are prepared, and our corporate culture has been good. Although a few staff had joined them, the core staff is still around. None of them had left!”
It’s not easy to retain all the core staff. Letting Qiu Bojun and Lei Jun manage Lenovo Kingsoft is right! They had set a target for thepany and lead everyone to work towards it.
“Good. But Microsoft’s expansion in China is an issue for us. China is our base, and this will affect our share prices when we got listed.”
When Feng Yu and Liu Chuanzhi were discussing, the phone rang. Wilson is here.
Why is Wilsoning at this time?
Wilson immediately reported when he steps into Feng Yu’s office. “Boss, I noticed a problem and might help us to give Microsoft a heavy blow.”
Wilson had noticed a problem?! That means it must be a legal issue.
Feng Yu brightens up. If they can sue Microsoft and win, it will be a great blow to them.
“Tell us about it.”
“China had approved the anti-monopolyw yesterday, and there is a use statingpanies with dominant positions cannot eliminate or restrictpetition.”
Feng Yu is overjoyed. The anti-monopolyw has been approved.
If Feng Yu had not suggested this to the Government, who knows when thisw will be implemented? The Leaders were surprised when they heard about this from Feng Yu because many of hispanies are considered monopolies.
But after the Government studied overseas antitrustws and China’s situation, they did not find anything wrong with Feng Yu’s subsidiaries.
Thisw will help Feng Yu against Microsoft.
“Boss, Microsoft’s operating system will force the user to install IE browser and their video yer. This is a way to eliminatepetition, and had broke China and the USws.”
Microsoft was sued in Europe because of bundle sales, and this two software are free. But even if it is avable to users for free, Microsoft profited from advertisements. There’s nothing wrong with calling it a bundle sale.
“Are you confident of winning?” Feng Yu asked.
“Yes. We can win thiswsuit. We can let the Chinese Government give them a hefty fine, at least. I believe that this will be a heavy blow to Microsoft in the Chinese market.” Wilsonughed.
Feng Yu patted Wilson’s back excitedly. “Good job! I will pay for thiswsuit! Sue them!”