Chapter 442: A Show of Authority
At that moment, Yao Mingjun pushed the door open and entered, closely followed by Chen Ting.
The pair’s affairs within the company were as clear to the others as if they were seeing them in a mirror. In family-run businesses like this, it was common for people to gain high-ranking positions through nepotism, and outsiders generally didn’t make a fuss about it.
Moreover, Chen Ting had previously held the position of branch manager at Golden Harrow, proving she had some ability. After taking on the role of the group’s marketing director, she hadn’t made any spectacular achievements, but there were no major missteps either.
“Yao.”
“Yao.”Content property of NôvelDra/ma.Org.
“…”
Yao Mingjun and Chen Ting made their way to their seats, amid a flurry of greetings.
Once seated, Yao Mingjun swiftly scanned the executives on either side of the conference table, giving a nod of acknowledgment but not saying a word.
The executives exchanged glances. Yao Mingjun had been running the meetings lately, so why was he silent today?
“Director Yao, what are we discussing today?” someone finally asked.
Yao Mingjun felt a touch of bitterness. He had tasted the sweetness of power these past days, with all the company’s personnel affairs in his grasp. The feeling of being at the top was indescribable.
But this question suddenly brought a sense of defeat. Power made him sensitive. If he responded with “I don’t know”, wouldn’t he be reduced to the same status as these executives?
Yao Mingjun responded with a half-smile, “You’ll find out soon enough.”
Click! Click! Click!
The clear sound of footsteps echoed in the corridor and entered the meeting room.
Everyone’s gaze instinctively turned towards the door, including Yao Mingjun and Chen Ting.
After a brief moment, a young man dressed in a black suit pushed open the meeting room door.
Ding Yue appeared in everyone’s sight. She was dressed in a fitted grey suit and a white shirt, her shoulder-length hair tied back, looking particularly sharp and efficient.
Following her were five or six men and women in professional attire, clearly business elites.
Facing more than a dozen pairs of eyes, Ding Yue calmly strode into the meeting room, heading straight towards the end of the conference table.
That spot used to be occupied by Yao Zhenshu or Yao De. But since the position of Yao Group’s chairman was vacant and Yao Mingjun hadn’t dared to claim it yet, it was empty.
Yao Mingjun and Chen Ting, seated on either side, were taken aback when they saw Ding Yue.
In a blink of an eye, Ding Yue had reached them and looked down at them.
“Ding Yue…” Chen Ting stuttered incredulously.
“Surprised?” Ding Yue responded with a faint smile.
“What are you doing here?” Chen Ting asked reflexively, somewhat dazed.
Ignoring her, Ding Yue scanned the attendees and said, “I am Ding Yue, the general manager of Morgan Capital, and the representative of Yao Group’s board of directors. I am here today to announce two things.”
“First, from today, Yao Group will be fully taken over by Morgan Capital.”
“Second, I announce a personnel change. Yao Mingjun is dismissed from his executive role, and Chen Ting from her marketing director role. A professional management team will soon come in to reorganize and reform the group.”
After Ding Yue swiftly announced this, there was a moment of stunned silence in the room, followed by an uproar.
Chen Ting looked at Yao Mingjun, her face full of confusion.
“What a joke. Even if you’re the GM of Morgan Capital, what gives you the right to represent the board? Our Yao family is the largest shareholder of the group!”
“Fire me? I think you’re out of your mind!” Yao Mingjun sneered at Ding Yue and retorted angrily.
“Attorney Ju.” Ding Yue slightly tilted her head in a signal.
A middle-aged man in a black suit behind her immediately understood, taking out a stack of documents from his briefcase and handing them to an assistant.
Documents confirming that Morgan Capital now held 80% of Yao Group’s shares were quickly passed to the other attendees.
“This can’t be, this can’t be!” Yao Mingjun turned pale after reviewing the documents.
“How could our Yao family’s shares end up with you? There must be something fishy here! This has to be fake!”
Everyone knew what had happened with the Yao family after Yao Zhenshu’s death. According to family rules, the shares should have been controlled by the next family head. But no matter how hard Yao Mingjun thought, he couldn’t figure out how these shares had been transferred to Morgan Capital, a newly established investment company.
Ding Yue calmly said, “Whether it’s true or not, you can verify it. If you want to keep your positions, please do your jobs. Tomorrow, I willannounce new appointments.”
“Those who want to resign can send their resignation letters to the board’s email address. The board will approve it as soon as possible.”
“Now, let’s adjourn.”
With that, she led the lawyers and financial personnel behind her briskly towards the exit.
“Have the CFO come to my office now.”
As she was leaving, she added another sentence.
Chen Ting looked blankly at Ding Yue’s departing figure, her mind a whirlwind of emotions. This was the Ding Yue she knew, high and mighty, blunt in her speech, decisive in her actions.
She had heard early on that Ding Yue had left Golden Harrow to join a shell investment company, but she didn’t expect it to be Morgan Capital.
What was even more unexpected was that Morgan Capital was now the major shareholder of Yao Group.
And that Ding Yue was now the general manager of Morgan Capital.
This woman just wouldn’t leave her alone. Why was she always against her? It had taken her so much effort to climb up to Yao Mingjun and earn her current position, and now it was being ruined by this woman!
Why was life so unfair? She was prettier than Ding Yue, and her abilities were no less. Yet why was this woman always standing on a higher position than hers? It wasn’t fair!
Chen Ting was seething inside, tears welling up in her eyes.
The news of Yao Group’s change of control hit Yao Mingjun far harder than his dismissal.
If he calmed down for a moment, he could easily determine the authenticity of the documents in his hands without further verification.
Unless someone was out of their mind, they wouldn’t joke about such a matter. Clearly, Ding Yue wasn’t joking.
If Yao Group still belonged to the Yao family, even if he wasn’t the executive, he could still throw his weight around in other high positions. But now, not only was he dismissed, but he had also offended Ding Yue. He feared he would no longer have a place in the company.
Yao Mingjun’s family held 5% of Yao Group’s shares, but the dividends were controlled by his father. Now, he was essentially unemployed.