“We were shocked to see this happen,†and one LeTV, which still holds a lot of shares, has left its core staff and expressed to reporters how he felt after being notified that all of his shares were “clearedâ€.
"There was no explanation for why the company was cleared, there was no written or email notification, and it was just verbally informed." The employee reluctantly stated that from a legal point of view, it was unfair to most employees. "We were all signed a formal agreement."
In the past few years, LeTV has been digging out all kinds of outstanding talents from all walks of life. However, LeTV, as the capital is in a tight period, can not give employees direct cash returns, and it has distributed more company's original shares to employees. When the above employees entered LeTV at the time, they obtained more equity than some of them.
“At that time, LeTV Holdings had 1 penny and 1 share, which was almost free of charge at zero cost.†The employee recalled that the agreement was signed at the same time. One set was signed with his own company and one set was signed with LeTV Holdings. When cashing the equity, etc., according to the cash point, which value is high, it will be honoured.
If LeTV employees have maintained their beliefs in LeTV and maintained their dreams, the dreams of these employees were completely broken after the “clear†event of the equity.
Since 2017, negative and extensive outbreaks and fermentations, including LeTV’s financial crisis, have resulted in many employees choosing to stay. The layoffs of some business lines are also normal. Why did these employees choose to stay? The above-mentioned employees stated that despite the crisis and many negative aspects of LeTV, LeTV's subsidiaries, including LeTV, video, film, sports, and other business lines, are still operating normally and are fairly benign. Therefore, there was no large-scale internal employee turnover at that time, and the turnover rate of the middle and senior managers above the director was still very low. Everyone is still looking forward to music.
On the eve of the “clearing†event of the stock being exposed, reports of frequent departures of LeTV’s executives emerged in an endless stream. It is reported that this is directly related to equity events. These retiring executives already knew that their equity has changed.
However, some employees are still staying. "Standing people may feel that the future is still possible. No equity does not mean that they won't get any value in LeTV's work," said the employee.
If you want to find a blame for the "clearing" event of the equity, Jia Yueting can't take off. Two years ago, Jia Yueting announced to LeTV Company employees that he would use 50% of the original total share capital of LeTV Holdings as an incentive for employees to implement the “Land-ownership†plan of LeTV.
After the eruption of the music crisis, at the beginning of this year, Sunac China has become the second largest shareholder of LeTV under the LeTV system with a total of 15 billion yuan, and has become an important shareholder of LeTV New and LeTV. In this transaction, Sunac China was transferred to Levision New Assets holding RMB 29.23 million (accounting for 10.3964% of Levision's total registered capital) and RMB 44.17 million (accounting for the total registered capital of Levision) held by LeTV and Xinle Assets respectively. 15.7102%) Registered capital, transfer prices were 2.3 billion yuan and 2.6 billion yuan respectively. The Xinle assets are actually the equity platform for LeTV employees. Since the equity was pledged, it was doomed that there would be no "fate" between the company and LeTV.
“The development of the company is closely related to the development of the individual. When the company develops well, it is necessary to share the development results with the employees. The premise of the full ownership of the shares is that the company must develop in a healthy manner. Now that the company has not developed well, it is not alone. Responsibility, everyone has to shoulder the responsibility of development. For LeTV, for Jia Yueting, the above employees still appreciatively express their inner "conscience". He just feels that there is no explanation and explanation, which makes people shocked and their own rights and interests. Damaged.
In LeSport’s last few years, this retired employee did not find nothing. He finally said: “As a LeTV employee, I have entered the entertainment industry in recent years. I have been to foreign countries, both tall and grounded. Done, exercise people." (Ming Yanhua)
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