Why entrepreneurs are away from Chen Tianqiao: Wu Wenhui team options have been stripped

March 6, the beginning of the Chinese network of several senior executives left, in the Internet industry set off a wave. A few days later, Shanda Literature CEO Hou said in an internal mail: "The beginning of the Chinese network some employees resign, the board has approved their request, they will be directly responsible for the beginning of the Chinese network work, and hope that the staff to" comply with professionalism and business ethics. The beginning of the Chinese network general manager Wu Wenhui has remained silent.

Rumors are rife, and many people think this is a contradiction between Hou and Wu Wenhui. These rumors do not touch the nature of the problem: Hou is not the key decision maker of this matter, his mail was issued by Chen Tianqiao, Hou is just Chen Tianqiao agent. Although Chen from the year before the end of Singapore, but he is the "Grand Empire" true "Emperor", the group's important investment decisions, personnel removal and management, all need his approval.

2007, the Grand Group announced to 20 million RMB wholly-owned Chinese network, and as the core assets in 2008 to form a grand literature. But according to insiders, the beginning of the Chinese network of entrepreneurial team only got millions of yuan, the other is the option to cash. Wu Wenhui, founder of the Chinese web, later served as president of Shanda literature, but the salary is only 1/5 of CEO Hou, so the main interest is hoping to cash in the option.

Because Chen Tianqiao too big literature of the IPO price too low, leading to Shanda literature is not listed, Wu Wenhui team's interests can not be cashed, plus the grand literature of internal contradictions, finally led to Wu Wenhui team away. It is rumored that the Wu Wenhui team's options have been stripped (Ti media tmtpost.com Note: This is yet to be confirmed).

The epitome of the beginning

Wu Wenhui team run away although the outside movement is very big, but in the grand interior is not what big event, can only be regarded as a "small spray". The beginning of literary events is only a microcosm of the contradictions between the grand investment and many entrepreneurs.

In the second half of last year, the Grand Group co-founder Tan Jun left, and Danian (Chen Flyover's younger brother) independently set up the master technology (Shanda Equity, he or the Grand COO), this is the grand interior of the big event.

The industry to the Royal executive turnover has been so flattering, they have to join the early pioneering "pioneers", such as Danian, Tan, Ling, Zhu Wilian, Yuai, forest tsunami, but also because of acquisitions, expansion, integration into the "airborne", such as Tang June, Yu, shanyou, Xu Chang, Rondani and so on.

In addition, there are a lot of Shanda investment executives also choose to leave, these things are not known to the outside world, the way some of the separation is filled with gunpowder, and even some people choose and Grand Court.

Along with the grand "senior management Turnover", is the Grand group performance stalled. Shanda relied on online games to start, was once the leader of China's online games, but has now fallen out of the top three. Shanda once and Tencent, Alibaba and Baidu (bat Big Three) shares, but now, the entire Shanda group's market capitalisation is only 1/10 of the three giants, by contrast, eclipsed.

What happened to Shanda? Is it the grand one that once created a legend?

Chen Tianqiao "one's Empire"

To understand the grand present and future, we must understand Chen this person.

Grand to act as a large-scale online games "legend" started, Chen Tianqiao itself can be called a "legend." 1999, Chen Flyover began to start a business, but the beginning of development is not smooth. 2000, a grand 300,000 U.S. dollar Agent Korea Actoz Company's network Game "Legend", which dug a gold mine, and created the Chinese online game industry. 2004, Shanda listed, and Chen in that year became China's richest man, when he was only 31 years old-the record is absolutely "unprecedented", it is likely to "dies". Chen is also a representative of the CPPCC and vice chairman of Shanghai Federation of Federations and Youth, and has a rich business vein.

Chen once said in the media, he pursues the value is "Big gamble, Big lose, big win". Indeed, his entrepreneurial experience was a "big gamble", and he was fortunate enough to win the game, and since then he has been a "big win". His original dream is to build a Chinese Disney, but also made a lot of attempts, but the grand impression is a network game company.

He says online gaming has great opportunities and is also a dangerous industry-with vicious competition, professional risk, policy risk and social risk. In an industry with a lot of opportunities and risks, Chen Tianqiao's mind is no doubt more ready than the entrepreneur of his age.

If the PDP model is used to test the personality traits of Chen Tianqiao, he is a typical control (tiger type) personality. His character is tough, good tough, like manipulation, iron face ruthless. Within the group, Chen Tianqiao is a Shuoyibuer "emperor", can not tolerate any challenge and doubt. Tang June has served as president for 4 years, but his authority is also very limited, more like a PR director role.

According to insiders revealed that every executive meeting, senior officials are trembling, if Chen to who's speech dissatisfaction, will publicly let him down. Some executives also summed up a rule: if one thing to get the approval of Chen Flyover, must find ways to make him feel that the idea of his subordinates is that he has already thought of.

And many internet entrepreneurs of the same age emphasize openness and sharing. The difference is that Chen Tianqiao is more like a "monarch" living in a deep palace. He believes in Buddhism, likes to practice behind closed doors, rarely deals with the media, rarely participates in public forums, does not play any micro blogs, and does not respond to all kinds of criticism, which makes him incompatible with the internet generation of entrepreneurs.

Chen was born in 1973, and even this year he is only 40 years old, still a "young entrepreneur", but his style has been different from his peers.

Although Chen Tianqiao has several listed companies, but the grand "family flavor" is still thick.

He even declared: "I never thought that the family business needs to be diluted, if the management of family-owned enterprises can help us realize our ideals and dreams." "There is nothing wrong with the corporate governance structure of the family business, except that in the last two years, Chen Tianqiao seems to have gone further, and after the two co-founder (one of whom he brother) left, Shanda was more like" a Man's Empire ".

A large number of major lines of business are basically the original assistant Chen flyover, they faithfully implement the instructions of the Chen Flyover, Chen flyover in the background of the overall control.

In the Internet industry, Chen Tianqiao known as the "strategic home" title. His dream of building the industrial chain of China's Disney is well known, from online games to literary creations, from electronic reading to film and television production, from mobile games to theme tours, from cloud computing to electronic payment guarantees, he has been very early.

The strategy, however, is not just the vision and the capacity to lay out, but the ability to translate these visions and layouts into reality. Over the years, the grand in many areas have layout drop, seemingly magnificent pattern, but often nothing, often up early, catch a late set.

Some people attributed these reasons to the lack of executive power, in fact, this is unfair, because these subordinates are designated by Chen Tianqiao, and the allocation of resources is also determined by Chen Tianqiao. If there is foresight, but there is no resources to invest, also did not select the right person, it is difficult to say that Chen Tianqiao strategy properly.

Entrepreneurial culture is often the enterprise's culture, Chen Tianqiao's personality also determines his style of employing, and this is a grand from Sheng to decline an important reason.