Shanda Game CEO Yu resigned to start a business without options

Source: Internet
Author: User
Keywords CEO Shanda Games web games Yu
Spring Festival, a grand game (GAME. NASDAQ) CEO Yu will start a new career with her husband, "The new company in Shanghai, my husband will be chairman, I assume the position of CEO." The overall scale of financing is far beyond what the company needs.  "Yu said. Grand Game announced yesterday, because of plans to start their own business, the original CEO Yu has resigned the corresponding position. Shanda Game Chairman Tan will be CEO of the company.  This month, Yu also debuted at the Gaming Industry Annual conference and the 80 million dollar takeover of the US web game distribution platform.  Three or four years ago, online games or male managers of the world, with the giant President Liu Wei, the Nineth City President Xiaowei and Grand Game CEO Yu joined, the field began to have a yin and yang harmony. Yu was appointed chief executive officer of the Grand Gaming division after a grand-and-dense announcement of a new appointment of 10 senior executives in 2008, when the former president, Tang June, left Grand.  When she was interviewed by reporters, the huge diamond ring and exquisite appearance of the corresponding glow, often with the LV and Chanel brands such as dress her appearance in the online game is the elegant route. At that time, the grand simultaneous operation of 20 games, and Yu reporters that the grand future plan can operate at the same time more than 100 games.  This puts forward the unprecedented request to the grand management structure, simultaneously runs the hundreds game needs the Top-down management structure, is the adjustment intrinsic factor. Shanda Game Chairman Tan said Yu from five years ago as the director of the Evaluation Center, to later presided over business cooperation, project management, 18 funds and other aspects of the work, participated in the grand game of several important projects, all the way to grow into a grand CEO of the game, her vision, business acumen and executive power is impressive. Tan is one of the founders of the Grand Group.  He served as chairman of the Grand game in May 2009. Yu, majoring in psychology at Peking University, later went to the United States to obtain a master's degree in statistics and Paulingri at the State University's business school, where he worked for companies such as Microsoft and Fidelity investment.  Her husband also has years of entrepreneurial experience and multinational corporate management experience, and has helped Chinese companies land in the NYSE. Although five years of practice, but Yu sentimentally attached to is not the game itself.  Yu said that China's online gaming industry is still in its own development of a golden period, and full of vitality, but 10 years ago, in the Chinese gaming industry, although has nearly 10 overseas listed companies, but has not been born a truly global influence of enterprises.  In Yu's view, the global game market in 2009 reached 35 billion U.S. dollars, and online games generated revenue is expected to be 11 billion U.S. dollars, the Chinese market is only more than 25 billion yuan, China's gaming industry still need for a long time to maintain geometric growth. According to the prospectus published on the listing of Shanda Games, Yu owns 6.6 million options for Shanda games, with an execution price of $3.2 per share. In yesterday's grand 9.6 dollar stock price calculation, the value of about 42 million U.S. dollars. Yu says startups don't care about options.  The business she wants to create will be dedicated to "spreading happiness", and it also involves the Internet, details that are not yet readily disclosed. Despite the high growth in online gaming, Yu has "pulled away" to complete a shift from professional managers to entrepreneurs, and at present only the high risk and high rewards of self-employment can attract her.
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