70岁的美的集团创始人何享健退休了。从1968年和23位乡亲集资5000元生产塑料瓶盖算起，何享健办企业已44年。“七十而从心所欲，不逾矩”，他做到了，这个“矩”就是现代公司制度。从1992年推动股份制改造，1993年成为中国首家由乡镇企业改组的上市公司，到2001年完成高层经理人股权收购，推行经理人激励制度，美的靠机制的力量，从最早的“街办企业”发展至今。

The 70 - year - old founder of midea group HeXiangJian retired。From 1968 and 23 a folks capital 5000 yuan produce plastic bottle cap count，HeXiangJian do enterprise has 44 years。“Seventy and do as one pleases，Not more than moment”，He did，this“moment”Is the modern company system。From 1992 to promote stock system reform，In 1993, becoming China's first by town enterprise restructuring of listed company，To complete in 2001 senior managers share purchase，Implementation of managers incentive system，By the power of the mechanism，From the earliest“JieBan enterprise”Development so far。

　　笔者想到了另一家顺德企业，一度比美的还有名的容声。也是乡镇企业，创始人潘宁也很优秀。1992年邓小平在这里视察时说了一句话，“发展才是硬道理”。

The author thought of another shunde enterprise，Once more and name rongsheng。Is township and village enterprises，Founder penning is also very good。In 1992 deng xiaoping inspected here said a words，“Development is the absolute principle”。

　　今天的容声（1993年企业更名为科龙）与美的已相去甚远。当年容声没有推行以潘宁等创业团队为核心的内生激励型改制，反而在2001年，由容桂镇政府出让股份，引入顾雏军旗下的格林柯尔。看似股权多元化了，“所有权虚置”解决了，但顾雏军是如何经营的呢？《环球企业家》杂志最近采访了当时容声冰箱的负责人蔡拾贰，他举例说，顾雏军要求科龙的工厂购买格林柯尔的制冷剂，科龙很多高管认为格林柯尔制冷剂适用于大型中央空调，对科龙冰箱和空调不适用。科龙的工程技术人员也试验过，用这样的制冷剂生产的冰箱是不合格的。但顾雏军强制要求科龙高管签订合同，购买价值大约3亿元的格林柯尔制冷剂。

Today's rongsheng（1993 enterprise was renamed kelon）And beauty are already。The implementation of penning rongsheng no such as entrepreneurial team as the core of the endogenous incentive type restructuring，But in 2001，The shares by ronggui assignment，Introducing GuChuJun its GeLinKeEr。Seemingly the ownership of a share diversification，“Ownership fause”Solve the，But GuChuJun is how to operate？《Global entrepreneurs》Magazine recently interviewed rongsheng refrigerators at the head of the CAI took two，He said one example，GuChuJun requirements kelon factory GeLinKeEr purchase of the refrigerant，Kelon many top executives think GeLinKeEr refrigerant is suitable for large-scale central air conditioning，For kelon refrigerator and air conditioning does not apply。Kelon engineering technical personnel is also tested，The use of such refrigerant production refrigerator is not qualified。But GuChuJun compulsory for kelon executives sign a contract，Buy value about 300 million yuan GeLinKeEr refrigerant。

　　“他的主要目的是为了套现，是拿科龙的钱去并购、拿地，去为他自己的公司谋利。”于是，元老纷纷离开，顾雏军最终也锒铛入狱。

“His main purpose was to cash，Take kelon money to mergers and acquisitions、Take to，To his own company profit。”so，Patriarch began to leave，GuChuJun finally also be put in jail。

　　2004年8月9日，郎咸平在复旦大学做了一场演讲，《格林柯尔：在“国退民进”的盛宴中狂欢》，揭露顾雏军通过收购科龙、美菱、亚星客车(600213,股吧)和ST襄轴等公司将巨额国家资产纳入囊中。此即“郎顾之争”。郎咸平的研究很粗，定性也不准确，但有一点他说得没错，顾雏军并不是按现代公司治理和管理的原则来运营科龙，而是拿科龙来谋格林柯尔之私。

On August 9, 2004，Lang hsien-ping in fudan university, made a speech，《GeLinKeEr：in“Countries China back”In the feast of carnival》，Expose controlled by gu chujun acquisition kelon、Beautiful diamond、Yaxing bus(600213,guba)And ST including shaft and the company will huge national assets into the bag。This is“Lang to struggle”。Lang hsien-ping research is very coarse，Qualitative nor accurate，But one thing he said it，GuChuJun and not according to modern corporate governance and management principle to operation kelon，But take kelon to GeLinKeEr seeks the private。

　　一个好公司，不仅要有明晰合理的产权结构，还要有对全体股东负责的公司治理，有对企业家的良性激励。缺一不可。想到何享健和潘宁，想到美的之道和科龙弯路，不胜唏嘘。

A good company，Not only must have the clear reasonable property right structure，It is to all the shareholders is responsible for corporate governance，For entrepreneurs have positive incentive。integral。Think of HeXiangJian and penning，Think of the way of beauty and kelon curve road，Very sigh。