Inventory: venture partners were eight Chinese-style disband lawnew East three chiefs, to Wantong six brothers, Lenovo Liu Chuanzhi and Ni Guangnan, within Kung Fu fighting, the United States and other dispute, Brotherhood, unreasonable equity setting, unbalanced distribution of benefits, the changing role of partner, the concept of conflict , Gonggaogaizhu main Chinese-style falling out of some keywords. Source: Nine headlines 1, New Oriental three chiefs' Chinese partner, 'the prototype of the New Oriental Education Group is experienced during the period of confusion of wide public concern, due to the large New Oriental students, public awareness is high, a sign of trouble can be caused by curious students such popular student favorite teacher Overheating (now Hammer ROM founder), once 'led revolt,' Mr Yu to choke, causing a sensation. New Oriental movie presents the true story far too complex, tangled a lot, and J Consulting founder 王明夫 in the 'master blows,' a book mentioned, the first New Oriental School is a big stall a disorganized, under a big sign a group of self-employed detour despite the teacher men, but teachers as local relive their own way, someone holding a TOEFL classes and GRE, IELTS and was holding the GMAT, who more classes, you can more cents, the school just dismantle account, almost regardless of the rest, cause teachers to their own interests, each run attacks, looting course, to compete for students, on the New Oriental brand had a negative effect. Until 2000 Mr Yu find Wang Mingfu, formulate a unified strategy, and slowly put the power center of gravity from the 'local leaders' hand back 'central', joint-stock reform of the school. Wang Mingfu describe, was difficult to balance the interests of all parties, Mr Yu appease this and against that, and finally the core team to resign resignation, frame the frame, quit quit, start all over again reinvent the wheel, for power to the white-hot level, even among the founding big brother hot atmosphere. 2, Wantong six brothers Wantong six brothers founded in 1991 Hainan agricultural high-tech investment in the joint Development Corporation, after six brothers began leaving, until in 2003 the king the right to leave the company, leaving Feng Lun far, lasted 12 years. Feng Lun in the 'barbaric growth' to 'Liangshan mode' to describe Wantong six brothers, 'Block orderly, Lee no other' equity profits entirely equally, as Liangshanpo hero Juyi in Hainan, is the modern version of the Water Margin. The results of the relationship between business partners, brotherhood often override the partnership. After all, Cheap Nike Free Outlet is a business relationship business relationships, we must return to the level of factual business operations. The first time you meet with Wang Feng Lun, predicted six brothers sooner or later encounter a conflict of interest, Feng Lun then disagree, until the eve of the first falling out between six brothers for business ideas, decision-making, resource allocation and constantly conflicting opinions, brother brotherhood has become the most insurmountable hurdle, 'I live in the Poly Plaza Room 1401, Pan Shiyi live downstairs, we very painful discussion, waiting, like a family which children are afraid to say the separation, the first to say that whoever is outrageous. 'It is said that their biggest bifurcation where to throw that money. Feng Lun said, thinking of all the different business, I think you would like east to west, there is no dispute of interest. They say less than one go, so quarrel is inevitable. 'About a year, we meet on a noisy, noisy almost every day.' Pan said, unable to reconcile quarreling when, leaving only to break up. The fall of 1994, six male Wantong Guangxi Xishan meeting, the meeting in the history of the MassMutual is called 'split the meeting.' Contradictory on the surface is Feng Lun and Pan Shiyi, the sky, the simplest way is then to Director Feng Lun, Pan Shiyi possession of money does not give money, Nike Air Griffey Max contradictions sharpened. Manifestation is the case, but the factors behind the Nike Air Max apparent conflict of values: Lun was born in the ancient city of Xi'an, the ancient capital of Xi'an, feudal liturgical tradition is deeply entrenched. Shaanxi people most very stubborn, stubborn is the bones, foreign people are to face, but the heart is unusually persistent, never swayed by others. However, from a personnel point of view, when the company achieve a certain scale, they are too talented, and all of them are talented boss, which in itself will be a problem. At the meeting, several people arguing over a dozen times. King the right to cry, Feng Lun crying ...... unrelated interests, shed tears of love, like a thick and thin, honest loving marriage, and finally to reluctantly respectively. People familiar with New Oriental, Nike Kobe VIII said the Nike Zoom Hyperflight PRM three chiefs, three because of the friendship in the entrepreneurial revolution, many of the conflicts in the party that the other party should be able to understand the case support and look forward to the fall occurred, leading to severe sense of loss, make each other's Enlarge conflict more difficult to clean up. Mr Yu Xu Xiaoping once that internal teachers actually led 'revolution' against his New Deal, the hearts of anger puzzled, direct people to Xu Xiaoping office accounts; Xu Xiaoping to work the next day to look, to see someone sitting in his office, almost speechless. But the two sides in a familiar view, there are private to Mr Yu Xu Xiaoping collective resolve conflicts idea is not simply to oppose Mr Yu, 'they do, anyway not tell.' Similar conflict lasts for four to five years, Wang Qiang , New Oriental Xu Xiaoping to fade out ending. In 1995, six male officially broke, basically disband by everyone originally in charge of the business to the point. Because several partners both in Wantong Group in office, and the manager of each branch. According to the business operating model, five partners split the 65% stake in MassMutual. Pan Shiyi, Beijing took a piece of land, later became New Town, Yi Di points scored Reebok CL Chi Kaze in Shenzhen branch. It now appears to 'Water Margin mode' started Wantong, Liangshan public hero to lay a certain country, the decomposition is inevitable. Ten years later, Pan Shiyi concluded that the universe is like an explosion, like fission, getting smaller and smaller, and finally broke into pieces, into a separate entity. All these independent body and constantly fission, the final result fission have made more than 30 real estate separate from the chairman and general manager Wantong out, 'Wantong' also known as the real estate industry, 'Whampoa Military Academy' . 3, Lenovo Liu Chuanzhi and Ni Guangnan Lenovo Group was founded in 1994 sued Liu Ni Guangnan veterans event in particular representative. Ni Guangnan is a technical school, Liu sales pie. Liu has been in the company declared, 'as long as the old Ni said all right, old Ni is a valid number 1, other scientists are 0, just follow these 0 to Ni Guangnan dry out the results.' Liu said so, and it is doing so a. Ni Guangnan development in Hong Kong association 286 motherboard, beforehand, Liu is responsible for production of Zhou Xiaolan repeatedly told: 'Design out of the board must review the clear again, go to production, post-production, the discovery of the error, the loss is too great.' Ni Guangnan, etc. Time may not compel Zhou Xiaolan put into mass production, the result wrong. Zhou Xiaolan and Ni Guangnan dispute. Finally, Liu had played, ruthless to Lebron Slide 2 Elite Zhou Xiaolan roar:. 'And any contradictions old 倪发生, are you not do this thing, out of the results, the total Ni, there is wrong, you have to Dan Zhao. No, will you recall Beijing. 'In the end, Zhou Xiaolan Liu will be transferred back to Beijing. However, the final two of the company's operating philosophy diametrically opposed to the last, the association Ni Guangnan exit leading Chinese card market, Liu Chuanzhi and Ni Guangnan rejected the application of substantial R \u0026 D funding, Ni Guangnan Lenovo's almost to a halt in major projects. Relationship between the two companies set up in the first 10 years of the collapse, but the intricate relationship between Ni Liu, difficult hospice; personal financial problems exist sued Liu Ni Guangnan that Liu theft of state assets in Lenovo's Hong Kong IPO projects, fictitious assets balance sheet, almost to the extent not wait to Liu sent to prison. Ni Liu battles for years, Ni Guangnan later admitted in an interview in 1995 and 1996 was the most painful phase of his life, if he is not Liu was 'kicked out' Lenovo, he may also be immersed in negative emotions inside, difficult to carry out his new life. Ni Guangnan that the jail did not allow Liu, Liu later but really put successors momentum once Lenovo Sun Hongbin (now chairman of financial innovation in China) to prison. Liu has always promoted young and educated backward, the current chairman of Lenovo Group Yang Yuanqing, Chairman of the Board of Directors of Digital China Guo Wei is get reused in more than 20 years of age, he became the general manager of individual services. Lenovo internal fast Sunhongbin also be promoted, but the outside world that the Sun fame too fast, too little control, so Lenovo insiders think the use of the company's internal asset aid career attempts. Liu insisted to charges of embezzlement 130,000 yuan Sunhongbin brought to justice, and ultimately the Sun in the case denied the crime, Air Jordan Outlet was sentenced to five years imprisonment. They love to hate mentoring mutual affection is not the end point. When the Sun Hongbin prison, Liu gave him first funds created Sunco Property comeback. 4, Kung Fu Cai Pan Cai compliance dispute, Panyu Hai, former brothers together entrepreneurs together to create a national restaurant chain real effort; they, the real skill of the former chairman, who is vice chairman of real effort, But they have the same 47% of the shares; Nike Kobe 9 EM they do not exclude the real skill of the IPO listing plan; but the former has been behind bars; the latter is trying to take advantage machine company regain power. Since 2006, with Panyu Hai Cai compliance sister Pan Minfeng divorce, family conflict Cai Pan will be escalating. However, high-rise A real effort subsidiaries that really promote Pan Cai Cai turn is starting a series of standard 'to the family.' Reforms. In the process 'to the family' of reform, Kung Fu resignation or dismissal of a number of high-level, leaving the former director of Panyu Hai particularly close to Zhou Ming, general manager of the South China Yi Zhengwei, etc., so that further Panyu Hai 'elevated.' However, setting unreasonable initial ownership Nike KD VI Elite structure is also considered fundamental root cause infighting. Initially, the real effort has been compliance by the CAI, the company and its Qidi Panyu Hai Cai Pan both a co-owner of 'double seed' jointly held. Ownership structure so evenly distributed, for investors, is not a suitable structure, 'Where two consensus Fortunately, inconsistent, very easy ones.' Beginning in 2010, the two parties investors that saw the dawn of real effort to resolve the Nike KD VI Elite issue of equity. After a series of events, they finally Cai compliance and two major shareholders, Panyu Hai agreed by the investor transferee Panyu Hai gradually diluted share, ownership structure makes real effort of 'dominance.' This process has been gradually diluted multi-recognized 'Pan also been very sincerity.' Investors are also out of the trust company's fundamentals, willing to increase stake. However, owing to the nature of the joint venture on real skills, relevant equity transfer requires government departments for approval, the stake has not yet been completed for delivery. Chaihuo not, then into infighting. Infighting make real effort had to delay the IPO market; at the same time, Cai Pan infighting also virtually hit the real skill of brand reputation. 5, 孙成纲 Sun Cheng Qi brothers against each other in March 1993, graduated from the University of 孙成纲 assigned Shandong Laiwu Iron hooked on stock. Soon, he had prepared a program running on the computer 286 is successful, this is the 'SG prediction system' of the prototype. After a few 'almost pay into annual salary' setback, in October 1994, Sun Chenggang founded the consulting company, the predecessor of Shandong SG - SG studio. At that time, his brother Sun Cheng flag after normal school in a mountainous area high school teacher, a monthly salary of tens of dollars. Parents of Sun Chenggang said, you take brother, do it together. Sun Chenggang said nothing, know nothing about the securities industry took third brother Sun Cheng flag into the fickle stock market. Incorporated Shandong SG Bell British securities consulting firm in 1996. Ownership structure of the company, for 50% of Sun Chenggang, Sun Cheng Jordan CP3 VI flag 40%, 10% Dong Lin. Funded entirely by the 孙成纲 advances. Later SG Securities in Shandong Province, the first batch was awarded the right to operate one of the three securities companies in the country is also a leader. Sun Chenggang responsible for global and technology, at the front of the spotlight, red rush to kill; Sun Cheng Qi brother responsible for the management and operations, firmly behind the helm. Mutual restraint, mutual reminder, big or small, to discuss the two brothers, with very understanding. When companies through start-up period, a total assets of 200 million yuan, when they arise between brothers on the business philosophy of differences, to adhere to the diversified development and outline a flag for the industry to do deep thinking specifically of misfits, between brothers We continue to highlight the contradiction. Because until after his brother and another shareholder of Dong Lin married brothers both sides resulting in a 50% share of the equity is when the conflict finally broke out. In the case of multiple solutions attempt unsuccessful, the later emperor to abdicate his brother, his brother seized power, until court. Eventually, after court mediation, Sun Cheng Dong Lin flag and will completely withdraw. Sun Chenggang acquisition of 50% equity of the couple holding SG thereby hundred percent, all payments 13.2 million yuan paid within a month. There are reviews that in the formulation of the contract, did not give the definition of intangible assets. Such a firm edge of the core power is in the hands of Sun Chenggang stock market analysis tools, as well as public figures on market appeal. No definition of intangible assets as well as causing serious cooperation in cultural conflict. Later, when the importance of the daily management of overshadowed the market expansion later, when his brother to know more secret information, causing Sun to flag the company's operations and create new revenue expectations. Rather than fight the trigger point is indisputable interest in Power. 6, Gome Huang Chen Chen dispute in 1996, founded by Shanghai Yongle Home Appliances, October 2005, Chen Yongle rate listed in Hong Kong. Gome Yongle Appliance acquisition in 2006, and thereafter as Gome president Chen Xiao. Many people 'Chen Huang dispute' seen as the founder of the professional managers struggle. But PE investors asked:! Chen is not a professional manager, he is the founder of Chen business more than ten years, gene founder's personality, acting mode, has left its mark on his career in the business for many years at the helm, After the acquisition by the United States, Chen from the founders turned into business management executives, which it itself is a very difficult challenge. After being acquired, Chen's position was CEO, according to the division of modern corporate governance, CEO is the role of management and the board of directors on behalf of communication and coordination is the main management executives of enterprises, this role is often considered more with ' work, 'the color. It seems people in the PE, the United States after acquisition of Yongle, Chen Xiao Huang Guangyu by CEO, which in itself is a mistake. 'It also destined Chen a chance, they will fight for their own in the' equivalent of the founders' position up to act in accordance with their own ideas. ' Throughout most of the cases of mergers and acquisitions, especially the strength of the gap is not too big mergers and acquisitions between companies, the founders provided that the acquired companies, the new company is not a long stay, such as Focus on previously gathered, the media framework such as mergers and acquisitions, mob founder Yu Feng (once served as vice chairman of Focus Media), founder of Dr. Tan framework for the media (once served as Focus Media's CEO), we will eventually have to leave Focus Media. Some analysts said that if Chen had appointed as Vice Chairman Huang Guangyu, not CEO, Chen will not have much of a chance to imagine. Founder of temperament and inner desire to become difficult to make itself into a professional manager, but can become a founder of the professional Nike Air Max 2014 1234 manager. 7, Niu and Zheng Junhuai: Fate distinction when the Queen, is responsible for the strategic command of Zheng Junhuai, as second in command of Niu plays the role of a real home. With Niu outstanding military exploits, prestige employees increasing, gradually formed Zheng Junhuai Gonggaogaizhu master of the situation. Strategic thinking is to seek stability Zheng Junhuai, and Niu's strategic thinking is a bold advance. Zheng Junhuai worried that if the idea of development according to Niu, the Queen will be on their own out of control, which he will never be allowed to happen. In 1998, as vice president of production and operation of the Queen Niu suddenly felt wrong, do yourself in Erie for 16 years, most recently in the use of resources, but some do not feel smooth, mobilize a small part of the capital, there are many sectors to constraints . Niu Zheng Junhuai find the problem, the first Nike Air Jordan 10 Big Brother was passed out of the strange eyes and mistrust. Finally Niu unclear, to 'go out to study' in the name of the Queen left. Later founded Mengniu, Yili ran from hundreds of employees. Zheng fate, cattle two took a different direction. In June 2004, Zheng Junhuai been reported 'misappropriation of state assets' because of curve MBO, Zheng Nanbian. On the court, Zheng Junhuai said: 'that is the source of all these are in order to solve the problem of managerial ownership, and still do not understand my behavior has been against the law.' The same month June 10, 2004, it was reported in Zheng Junhuai Mengniu listed on the Hong Kong Stock Exchange, to raise a total of HK $ 1.374 billion, Niu order worth $ 135 million into the current year, 'Forbes' and 'China Rich List.' 8, Peter Chan: Unfortunately since the partnership business 'Chinese partner 'director Peter Chan also had partnership experience of failure. The early 1990s, Peter Chan and Eric Tsang and other five people do UFO film company. Chan said that initially because of the strength of each individual alone is not enough, you want to have a say in the film which we have assembled the Nike LeBron 11 right group of people together to do. Of course, there are a lot of questions in the middle, those questions about the film's sharper and more pronounced. In the distribution of benefits, Eric is the boss, although he did not work, but because he is the spiritual leader, he has the right to speak, the distribution of benefits must be his to take the bulk. Peter Chan film shoot, and several young people made money on equally, because they do not split the clash. But slowly, the way to start making money equally unbalanced. Chan said the partnership contradiction UFO was inside this large range, there is also a smaller range partnership with LiZhiYi contradiction Chan, UFO first two blockbuster drama are Peter Chan and his co-director and co-director to make money how to divide? distribution of benefits will be a contradiction here. After experienced UFO, Chan later with another two friends partnership outset clear how the three points, but the result was scattered. Until his last company, the shares of the partnership Chan party with money back.