As soon as Vice President Yao Mu finished speaking, a murmur of discussion arose in the room.
“Vice Chairman Yao Mu is right, Sato Tsutomu, do you want the company to go bankrupt?”
"President, I beg you not to let Sato Tsutomu act so recklessly in the meeting room. Please kick him out."
"agree!"
"I agree!"
Sato Tsutomu's face was extremely pale. Under the table, he clenched his fists so tightly that his nails dug into his palms. Only pain could alleviate the unease in his heart.
I'm so unwilling to accept this!
"President, please believe me. I, Sato Tsutomu, have absolutely no selfish motives. I am doing this entirely for the company's benefit."
Some people mocked, "Sato Tsutomu, you say you have no selfish motives? If the company unconditionally buys back the VCDs, the loss alone will be a considerable sum."
"We can't hide this from the public. If the investors find out, we'll burn the net profits that we were putting into our pockets, and the company's market value will evaporate by billions of dollars in an instant."
Yoshida Ichiro's face instantly turned extremely ugly.
This is a hot potato; if the board cannot persuade the other shareholders and reach a consensus, it could very well backfire.
However, if problems are not addressed, they become like chronic diseases; by the time they reach a critical stage, it is too late.
Yoshida Ichiro decided to let Sato Tsutomu finish speaking first.
No destruction, no construction!
Perhaps after the reforms, Sony can use this incident to return to its peak.
Yoshida Ichiro's eyes lit up, and he exuded the aura of a chairman. He slammed his hand on the table and said, "Vice Chairman Yao Mu, do you have a better idea?"
"I....."
"And you all..."
As Yoshida Ichiro's gaze swept over them, everyone present, except for Sato Tsutomu, lowered their heads.
What good ideas do they have?
She just didn't want to get involved in this.
If something goes wrong, it won't have much to do with me.
"Satoji!"
"Your subordinate is here, Chairman!"
Sato Tsutomu showed no fear, staring directly at Yoshida Ichiro.
He's gone all in now, betting his entire career. If he succeeds, he'll be on top of the world; even if he fails, he can always start over.
Yoshida Ichiro nodded inwardly; Sato Tsutomu's performance had not disappointed him. "Continue speaking, and say everything you have in mind."
Then, Yoshida Ichiro looked at everyone and said.
"Since it's a meeting, we should speak freely, whether it's good or bad. As long as it's for the company's benefit and can solve the current predicament, I think it's a good solution."
"On the surface, Sony's global market share is not bad, but that's just an appearance. The United States is keeping a close eye on the market and has expressed its dissatisfaction with our island nation companies many times."
"This incident happened in China. Can any of you here guarantee that the news won't reach Western countries? Who can guarantee that?"
The scene was completely silent.
Yoshida Ichiro waved his hand, signaling Sato Tsutomu to begin speaking.
Sato Tsutomasa Yoshida Ichiro glanced at him gratefully and continued, "The third point, and the most crucial one, is to leverage the influence of the buyback program to promote our Sony brand image. We are a responsible company, and this will greatly help us enhance our global image."
"Gentlemen, I have done a thorough calculation beforehand. If we adopt the proactive repurchase method, as long as the publicity is done properly, we can lock the repurchase ratio at 30%."
"30%? That's impossible!"
Vice President Yao Mu loudly questioned.
Human nature is greedy. The repurchase of only 30% of the more than 3 million VCD players far exceeded expectations. If that were the case, it wouldn't be called a crisis, and the tone could be set without alarming the shareholders' meeting.
But upon closer reflection, it seems unlikely; 30% is simply too low.
Yoshida Ichiro looked at Sato Tsutomu suspiciously and asked, "Sato Tsutomu, you said you arrived at this result through precise calculations. Do you have data to support it? Or is it just based on your imagination?"
When he said the last few words, Yoshida Ichiro's tone was full of disappointment.
He slowly shook his head.
It seems I oversimplified things.
Highly skilled individuals are rare, so how could I be so lucky as to have stumbled upon such a treasure?
"Chairman, department heads, what I said is true," Sato Tsutomu weakly defended himself.
"Okay, since everything you said is true, then tell me, how did you calculate this 30% figure?"
Upon hearing this, everyone turned to look at Vice President Yao Mu.
Wasn't he just contradicting me? Why is he taking Sato Tsutomu's side?
Some people were puzzled, some speculated, and many more chose to watch from the sidelines.
Sato Tsutomu hurriedly said, "Chairman, Vice Chairman, and all department heads, the 30% percentage I mentioned is based on the premise that the public relations team plays its role. In addition, we can also use this to promote other products of the company and guarantee that the quality of all products and services are our top priorities. Our products are expensive because they include a lot of services."
"We offer after-sales repair, maintenance, and raw material replacement. We also promise a full refund within three years for any quality issues, excluding those caused by human error."
“Once we start implementing these measures, the public relations crisis Sony is facing will naturally dissipate.”
"Finally, and most importantly."
At this point, Sato looked at Vice President Yao Mu and asked.
"Vice President Yao Mu, the core of our company's products is independent research and development, and keeping the results in our own hands. Only in this way can we guarantee the company's maximum interests, right?"
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