Chapter 77 His Company

Zhang Yong first glanced at his watch, then looked around the venue and saw that all seats were occupied. All the required participants had arrived, so he asked Song Ci for instructions: "Mr. Song, it's almost time, let's start the meeting."

Song Ci nodded, indicating that he could start.

Zhang Yong cleared his throat and said loudly: "Comrades, please be quiet. The meeting will begin now. I will chair today's meeting. The main topic is the reorganization of Tenda Technology into a group company."

Zhang Yong took the lead and attracted everyone's attention, then continued: "In 2004, Tenda Technology's revenue exceeded 1 billion in just half a year. The specific operating data has been reported in the year-end summary, so I will not repeat it here.

Under the leadership of General Manager Wang Jing, Tengda Culture's advertising, film and television, special effects and other businesses are all profitable.

The number of employees of the two companies has exceeded 1,500. In order to integrate resources, coordinate development, and improve operational efficiency, considering the current scale of the company, the chairman decided to merge Tengda Technology and Tengda Culture into Tengda Group. "

The expressions of the people present were different. Some people were calm and composed, obviously they had heard some rumors in advance and were mentally prepared.

Some people who just learned about this are feeling uneasy, wondering how the group will change and whether it will affect their positions and income in the company.

Zhang Yong paused for a moment, giving the company executives a minute or two to digest the information, and at the same time instructed the secretary behind him to distribute a stack of materials.

“You can take a look at the materials that have been distributed. This is the group reorganization plan.

The main idea is that in addition to administrative, financial, legal and other logistics departments, the group will have seven direct business departments, including Toutiao.com, TT Mailbox, TD Game Platform, Game Production Center, TT Video Network, Weibo (to be established), Qianqian Music Network (to be acquired), and three secondary subsidiaries, including Tengda Culture, Southern Cinema Line, and Tiangong Special Effects. "

This group structure is the result of discussions between Song Ci and Zhang Yong. Originally, Song Ci wanted to set up a large business unit like the Future Penguin Group.

However, considering that the current scale of Tenda is far from that of the future Penguin Group, it is temporarily decided to set up a direct business department, which will be directly managed by the group. After the company grows stronger in the future, it will carry out a second reform and adopt the business unit structure model.

Zhang Yong explained the group's structural arrangements in detail, and everyone immediately started talking to each other.

Wang Jing looked through the plan in her hand carefully and couldn't help but sigh. She had read the first draft of the company's reorganization plan a few days ago, and Song Ci had also informed her in advance that she would serve as the group's chief operating officer, second only to CEO Zhang Yong.

Although I was promoted, I still felt a little reluctant. After the group was established, it did not have a big impact on Tengda Technology, but Tengda Culture, which was originally on par with Tengda Technology, was downgraded to a subsidiary of the group.

At the same time, Southern Cinemas and Tiangong Special Effects were separated, and Blueprint Copyright Company was also transferred to TT Video Network. It can be said that Tengda Culture, which she founded, will only be a simple film and television company in the future.

The meeting room was a bit noisy and disorderly. Song Ci knocked on the table and said to everyone in a cold voice: "Be quiet, pay attention to the venue discipline, and listen to Mr. Zhang continue to speak."

As soon as the big boss spoke, the whole place fell silent. Everyone still maintained awe of Song Ci, the elusive chairman.

Zhang Yong had a smile on his face. He adjusted his black glasses and continued speaking calmly:

"Each direct business unit has a president who is fully responsible for the development of the business of their respective segment. The subsidiaries have independent accounting and a general manager who is the legal representative of the company and is responsible for daily operations."

Song Ci did not let Zhang Yong read out the personnel appointments at the meeting. In order to ensure stable development, basically the original department heads were promoted on the spot, so there was no need to waste time.

Then he interjected, "After the meeting for the selection of the president and general manager, the group will issue a formal appointment document, and at the same time copy it to the internal email of all employees for public notification."

These seven presidents and the general managers of the three subsidiaries are powerful and important senior executives of Tengda Group. They will all enjoy option dividends. When Tengda Group goes public in the future, billionaires will be within their reach.

“The above content is the general development framework of the group. You can refer to the plan for specific details.

Next, I will introduce the group's new job grade system." After introducing the main organizational structure, Zhang Yong dropped another bombshell.

"The group will classify all positions into: one is technical positions, including design, development, operation, etc.; two is back office positions, including personnel, administration, finance, etc.; three is field positions, including sales, after-sales service, etc.

Each major job category will be divided into 14 levels, with different levels corresponding to different salary standards and welfare benefits.

The group's human resources department will comprehensively consider employees' business capabilities, work attitudes, daily behaviors, moral qualities, and other aspects, and will issue corresponding rating rules and assessment methods for each type of position."

People are the core driving force behind the development of an enterprise, and an effective and reasonable salary system can motivate employees to actively engage in work and improve work efficiency.

Therefore, Song Ci attached great importance to salary and benefits, and introduced this job grade system after sufficient preparation and research.

Zhang Yong's mouth was dry after speaking. He unscrewed the bottle of mineral water in front of him and took a few sips before continuing to explain: "After the meeting, the Human Resources Department will send the details of the job grade system to each employee and start to rate all employees.

After the results come out, those who disagree can file for a review. And every March, employees who feel they are eligible for promotion can also apply for a rating, once a year.”

Song Ci was afraid that the senior executives present would not take it seriously, so he personally spoke up and reminded them: "I want to emphasize here that the job grade system is to improve employees' creativity and subjective initiative and to ensure employees' upward development space.

In addition to salary, each level has corresponding welfare benefits. In the future, the Group will gradually introduce a series of welfare systems including pension, medical care, housing, children's education, etc. Please pay attention to it and cooperate with human resources to convey this system to every employee. "

"Please rest assured, Chairman. I will cooperate with Mr. Zhang and urge the entire group to do a good job in this work." Wang Jing made her statement at the right time. Before the meeting, Song Ci had already given her full responsibility for this work.

Time passed by every minute and the meeting proceeded in an orderly manner. Zhang Yong also explained the work matters one by one to the participants.

It was almost 12 o'clock. "Dismissed!" With Song Ci's announcement, the group meeting that lasted for three hours finally came to an end.

"Mr. Zhang, Mr. Wang, please come to my office for a moment." Song Ci stood up and said to the two of them, then left the meeting room first.

"Go get three meals and deliver them to the chairman's office." Zhang Yong quickly instructed his secretary, called Wang Jing, and followed Song Ci's pace.

After catching up with Song Ci, he moved closer and said, "Boss Song, it's past 12 o'clock. I'll ask my secretary to bring the food up."

Song Ci nodded and agreed: "Okay, let's talk while we eat."

Wang Jing, also wearing high heels and taking small steps, caught up with the two of them and entered Song Ci's office together.

The light in the spacious office was a little dim. Song Ci opened the blinds, and suddenly the bright sunlight shone in through the glass, bringing warmth.

Song Ci pointed at the sofa and said, "Sit down."

After the three of them sat down on the sofa around the coffee table, Song Ci personally poured tea for the two of them. "There are a few things we need to discuss."

As the saying goes, hold big meetings for small matters and small meetings for big matters. Currently, there are only a very small number of people in Tengda Group who can truly decide the company's development and employee interests.

Song Ci drank a sip of tea to relieve the thirst in his mouth, and said seriously: "Lao Zhang, Sister Jing, keep an eye on the people below these days. If anyone takes the opportunity to cause trouble and stir up trouble, don't be soft-hearted and fire them directly."

There are vested interests in the group reform, and there will inevitably be people whose interests will be damaged. Song Ci must naturally be on guard and the black sheep must be cleared out in a timely manner.

"Okay." "I'll pay attention."

Zhang Yong and Wang Jing immediately nodded in agreement and promised to maintain the stability of the group.

Song Ci changed into a comfortable posture, leaning lazily on the leather sofa, "Sister Jing, you can continue to serve as Tengda Culture's deputy general manager for a while. As for the new general manager, I already have a target candidate. You can hand over the work after he takes office."

"I know." Wang Jing originally thought that after her promotion, Song Ci would let Liu Rong take over, but she didn't expect that Southern Cinemas would be directly upgraded and become a second-level subsidiary of the group together with Tengda Culture. Jiang Tiantian had little experience and was not eligible for promotion, and she didn't know what kind of person Song Ci liked as the new general manager.

After deciding that Wang Jing would serve as the group's chief operating officer, Song Ci had already begun looking for a new general manager for Tengda Culture. After careful consideration, he chose Zhang Zhao, the president of LeTV Pictures in his previous life.

Zhang Zhao has extensive experience in the film and television industry and is currently the artist director of Light Media. After the headhunting company contacted him, the two parties hit it off.

Being able to take charge of Tengda Culture, which has recently gained fame in the circle, is more than ten times better than being an artist director at Light Media. With such a good opportunity, Zhang Zhao is naturally willing to change jobs.

After talking to Wang Jing, Song Ci turned to Zhang Yong and said, "Mr. Zhang, I have recently thought about it. The group wants to achieve a revenue of 3 billion yuan this year. In addition to the several plans that have been decided before the New Year, we still need to focus on developing Toutiao's unlimited value-added business."

When Mobile DreamNet was first launched in 2001, the market size of wireless value-added services was only 1.98 billion yuan, but by 2002, it had reached 9.36 billion yuan, a 373% increase over the previous year.

By 2007, the number of mobile phone users in China exceeded 500 million and the market size of wireless value-added services exceeded 150 billion. If Toutiao could occupy 10% of the market share, it would be enough to make Tenda Group the largest Internet company in China.

Zhang Yong showed an elegant and confident smile, "Boss Song, don't worry, since I have issued a military order, I am naturally confident that I can lead the group to achieve the revenue target of 3 billion yuan.

The company was originally planning to vigorously develop the SP business this year. Since you have given me this order, I will ask my subordinates to work harder and spend more energy on the development of wireless value-added services."

"As long as you are sure." Song Ci nodded slightly. He trusted Zhang Yong's ability.

Speaking of this Song Ci, he paused slightly, picked up the teacup, rubbed it gently in his hands, and stared at Zhang Yong and Wang Jing with calm and deep eyes, as if he was reminiscing about the past. The two of them also stared at him quietly, without saying a word.

Song Ci did not keep the secret, "Lao Zhang, Sister Jing, the two things I just mentioned are not the main points. I called you here specifically because I am ready to fulfill my promise to you. After the reorganization of the group is completed, I will transfer your 3% and 2% of the shares."

After careful consideration, he decided to transfer 3% and 2% of Tengda Group's shares to Zhang Yong and Wang Jing respectively.

One of the two people in front of him was the CEO who he invited back from Donghai to help him establish Tenda Technology, and the other was the earliest entrepreneurial veteran who followed him and worked hard, and was eligible to enjoy the original shares.

As for other senior executives of the company, they can enjoy option rewards based on their contributions to the company, but don’t think about equity for the time being, as Song Ci will not give it to others easily.

"Thank you, Mr. Song!" Even Zhang Yong, a shrewd man, couldn't help but show joy on his face. He gave up his high-paying job at Shanda just for this moment.

He did not mind that the Songci shares were too small. With the current scale and profitability of Tengda Group, these 3% shares were already worth three or four hundred million. When the company goes public in the future, they would be worth at least ten billion even after dilution.

Wang Jing immediately smiled and expressed her sincere gratitude: "Thank you, Mr. Song!"

Her mentality is different from Zhang Yong's. Although she has 1% less shares than Zhang Yong, she doesn't feel that Song Ci treats her unfairly.

It is important for people to know that she is the only one who came here early. Her work ability and contribution to the group cannot compare with Zhang Yong. She is already very satisfied to have 2% of the original shares.

Song Ci waved his hand, "Lao Zhang, Sister Jing, you are my right-hand men and left-hand men, so there is no need to say more polite words. In addition, I will also take out 10% of the shares as the company's option pool to motivate employees."

Tengda Group adopts the AB share model. Song Ci and Zhang and Wang hold Class B shares with 10 times the voting rights. After Song Ci gave up 10% of his shares as an employee option pool, Tengda's equity structure became:

Song Dynasty: 30%

Sino-Singapore investment: 25%

Shanhai Capital: 30%

Zhang Yong: 3%

Wang Jing: 2%

Option pool: 10%

However, the shares of this 10% option pool are still held by Song Ci, so he still controls 95% of the voting rights and firmly controls the company.

At this moment, Song Ci was full of passion and enthusiasm, "In the future, we will work together to develop Tengda Group into a world-class multinational company."

"I absolutely believe in you and firmly believe that Tengda Group can become a multinational giant." Wang Jing has known Song Ci for four years and has witnessed miracles time and time again. She has absolute confidence that Song Ci can develop Tengda into a multinational group.

"The company is currently developing well and has no plans to raise funds and go public in the short term. The group's top priority is to acquire a piece of land and build its own office building. The price of land in Beijing changes every day. If the building is not completed before the Olympics, the cost of building it later will be too high."

"I will keep an eye on this matter, and actively communicate with the Peking government, and try to approve a piece of land for us this year." As the CEO of the group, Zhang Yong had an obligation to do so and took the initiative to take charge of the matter.

Song Ci breathed a sigh of relief. Having a capable CEO really made things easier. "Then I'll trouble you, Old Zhang. Please communicate more if you have any questions."

Just then the secretary brought the food over, so the three of them ate and chatted, and discussed several important matters of the group.

(End of this chapter)