Guangyu Group chairman to reduce the anger of small shareholders pay bills against

Source: Internet
Author: User
On March 4, the Guangyu group (002133, closing price of 6.73 Yuan) at the first general meeting of shareholders in 2011, although 1.3058 million shares voted against, but the bill on the adjustment of the company chairman's remuneration was passed. "Daily economic news" found that on the March 4 polling day, there are small shareholders in the Guangyu group's stock bar to post an appeal: The pay adjustment bill must vote against.  The Chairman's salary was strongly opposed by the small shareholders, which is not much seen in the listed companies, according to the reporter understand, this and Guangyu group chairman of the previous period of significant reduction held a big relationship.  1.3058 million of the three motions against Chairman's salary increase at the general meeting of the Guangyu group of the two motions on loans, which have been voted against by less than 600,000 shares, 1.3058 million voted against it when scrutinizing the motion on adjusting the remuneration of company chairmen, but the bill was eventually passed. The daily economic news reporter found that 1.3058 million shares of the vote is no coincidence. On the day of the general meeting of shareholders, a small shareholder in the Guangyu group shares posted, calling on shareholders must vote against the pay adjustment bill.  And in the previous, there are a number of objections to Guangyu Group chairman of the salary of the post appears in the stock bar, the reasons for the unanimous point to the company's chairman is also the actual control of the Wang Heixia before the Guangyu group of large reduction. In fact, Guangyu Group This salary adjustment includes chairman, President, vice president, Dong Secretary, chief accountant and so on 5 positions, but only chairman Wang Heixia's salary adjustment needs to pass through the company shareholder meeting to consider, after adjusting, Wang Heixia's annual salary base will raise from 630,000 yuan to 750,000 yuan, raise salary 19%. However, after careful study, the reporter found that in the annual salary base increased by 19%, the rules for the payment of annual salary have also been revised. The Chairman's annual salary will be composed of basic salary and performance salary, 70% of base salary; performance pay is composed of two parts, one is the basic performance, accounting for 30% of the annual salary, and the other is floating performance, which is linked with the company's net profit growth. That is to say, the minimum annual salary of Wang Heixia is 525,000 Yuan, if the company completes the set target, then can get 750,000 yuan, if the performance grows good, Wang Heixia also can obtain the extra performance salary, the annual salary will exceed 750,000 yuan.  Industry insiders pointed out that the adjustment of the pay system more reasonable, which left the company management efforts to space, and is not a simple raise.  Chairman of the two-month set of nearly 300 million in that case, why are the small shareholders strongly opposed to the chairman's pay change? Originally, as the chairman of the Guangyu group, but also the actual control of the company Wang Heixia, from last November to this January, through the bulk trading platform continued to reduce the Guangyu group stake, the proportion of its shareholding has been rapidly down from 21.53% to 12.11%, two months time to reduce the 9.42% of the company's shares, Total sold 46.9566 million shares, set now 295 million yuan. Wang Heixia with the GuangyuGroup of senior executives, individual executives to reduce the number of even more than 1 million shares.  At the same time, Wang Heixia led many executives to reduce significantly, the Guangyu group also fell continuously, which makes Wang Heixia's selling price is less than one time. Insiders said that the Guangyu group of small shareholders of the logic is very simple, since the chairman has been set from the market now hundreds of millions of yuan, why still have to fight for a mere a hundred thousand of yuan salary increase? Responsible Editor: NF058

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