NovelEnglish
Chapter: 527
Mr. Cesar Blakely has bequeathed 30% of his shares to his wife, Wanda Blakely, and 10%
to his grandson, Tyrone Blakely. The distribution of his other properties will be handled
separately. If you have any questions, feel free to inquire and review his will.”
This revelation stirred confusion among the shareholders, who couldn’t fathom Cesar’s
intentions behind this specific distribution.
It meant that Wanda, who lacked knowledge in managing the company, would be the
major shareholder.
Even Leroy, Cesar’s second son, was perplexed about his father’s decision.
Was it Cesar’s plan that Wanda, after her death, would redistribute the shares as per her
wish?
Follow on NovᴇlEnglish.nᴇtAnd why had Tyrone received an additional ten percent?
Some shareholders were quick to grasp the implications.
Kira said, “Is it even a question? It must be because Dad was unhappy with the current
CEO. Mom isn’t well-versed in company management, so who should be the new
chairman?”
At this point, Wanda declared, “Cesar gave me the most shares because he loved me. I
don’t have the expertise in business management, and I won’t participate in the chairman
election.”
The room fell into an uncomfortable silence.
Precedents existed where, after a chairman bequeathed all his shares, the subsequent
generations squabble over the power and stakes, Losing respect for the chairman.
Coming from an average background and without any influential contacts, Wanda was
vulnerable. Cesar had assured her a certain respect from their children and grandchildren
by gifting her the shares.
With Wanda out of the chairman’s race, the highest share owner after her was Tyrone, now
with fifteen percent of the shares.
This positioned him as the prospective chairman of Blakely Group.
Whether his five percent advantage over his uncle and aunt was part of Cesar’s plans was
yet to be seen.
Leroy, aware of Cesar’s reasons, kept his silence.
The bulk of the shares sat in Wanda’s control, and it was inevitable that they would be
redistributed in the future. Tyrone’s Larger stake made sense, given his long-standing
contributions to the business.
The other shareholders, after a moment of surprise, readily accepted the situation.
Follow on Novᴇl-Onlinᴇ.cᴏmLeroy, preoccupied with his catering business, was not deeply involved in the
corporation’s workings, so it was natural the shareholders wouldn’t envision him as the
chairman.
Kira, living overseas and seldom meddling with company affairs, was likewise not a
candidate.
Sergio, who possessed no shares and worked in the research and development center,
was also out of the question.
Wanda, lacking expertise in company management, was similarly unsuitable.
In essence, no one seemed better fit for the chairman role than Tyrone.
However, the situation was peculiar, with the brothers, Larry and Tyrone, holding the roles
of CEO and chairman respectively.
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