The Victory Group did have many opportunities to turn things around.
For example, Shen Xingang had previously obtained a loan from Donghai Bank, and they had also sold some assets, so the company was actually still wealthy. With money, they could do many things, but their management was too incompetent. They couldn't get rid of their landlord mentality and were always thinking about exploiting their employees. They couldn't see the current situation in Donghai at all, which led to them being gradually excluded.
After orders decreased, they thought about laying off employees and cutting expenses, but this was a vicious cycle. The continuous layoffs prevented their stock price from rising, and the impression they gave to the outside world was that of a building on the verge of collapse.
Chen Zhe did not intend to help Shengli Group turn a profit, but he had a heavy burden on his shoulders. The agreement he made with Mu Wanzhi required him to rely on a large company like Shengli Group to share some of the risks.
Therefore, a short-term reform is necessary. It can stabilize Shen Xingang, complete the task Hu Ling assigned him, and, more importantly, he can gain something from it.
Shen Xingang was certainly aware of the drawbacks of family-style management. He had tried to change the situation before, but this model had both advantages and disadvantages. The advantage was that family-style management could make the Shen family more secure and keep them in a central position. The disadvantage was that the company's path would become narrower and narrower.
[This kid is definitely got something. He can spot our company's problems at a glance. No wonder Hu Ling valued him so much before, and now the person behind him dares to use him. It seems he's not a complete fool after all.]
Shen Xingang thought for a moment, then softened his tone considerably; "What do you want to do?"
"It's very simple. Since the problem lies in management, let's start with the management team, lay off all the useless people or transfer them from their current positions, and bring in the truly talented people."
Shen Xingang shook his head.
“A one-size-fits-all approach won’t work. Although Victory Group is a business owned by the Shen family, the board members also hold a significant number of shares. Those people will not agree to this.”
Several board members are his relatives, and many people in the company were brought in by them.
How could they possibly agree to be laid off now?
"Hehe, Mr. Shen, this is not my problem, it's your problem, and I hope you can solve it yourself."
Shen Xingang squinted.
"You want me to do it myself? That's even more unacceptable. If I were to lay a hand on them, they'd probably be kneeling on the ground before I even finished speaking."
Shen Xingang was well aware of his relatives and the people on the board of directors, so he couldn't meet Chen Zhe's request.
"President Shen, Linglong Club is only involved in management. If you want to secure orders and revive the company, you have to be ruthless."
"Do you think I don't understand what you're saying? If you try to remove them from their posts, they'll fight you to the death. Don't underestimate them."
Shen Xingang still remembers that when he first took over the Shengli Group, he had paid attention to this issue and wanted to carry out some reforms, but he was opposed by everyone. A group of people blocked the door of his office and cried miserably, saying that the Shengli Group was able to achieve what it was today thanks to them, and that the Shen family was ungrateful and ungrateful.
They even threatened to vote to remove themselves from their positions.
In the end, it was only by pushing his seriously ill father out that he was able to subdue those people.
After this incident, Shen Xingang's path to reform was completely blocked, and whenever he thought about it afterward, he always felt powerless.
Chen Zhe smiled slightly.
"President Shen, if we can't do it openly, we can do it covertly. If they won't agree, can't you find a way to get them to agree?"
Shen Xingang was stunned for a moment, and after realizing what he meant, he looked at Chen Zhe with some displeasure; "You want me to go after my relatives? Do you know who they are to me? They are my brothers, my beloved relatives and friends, and the foundation of our Shen family."
"Heh, Mr. Shen, do you even believe that yourself? So-called brothers and close friends are actually no match for self-interest. Take you, my brother-in-law, for example..."
Chen Zhe pointed to Wei Ming, who was still unconscious on the ground.
"You and his sister are getting a divorce, right?"
"So what? Before the divorce, he was still my brother-in-law."
Although Shen Xingang was ruthless, he did a very good job of putting on a show. In front of his relatives, he always maintained the appearance of the head of the family and always acted as their support.
So no matter how incompetent Wei Ming was, he still arranged for him to be included to save face.
That way, no one can gossip about him.
His image in the company was that of a refined and dignified person.
"President Shen, I think you should know how much money Wei Ming has taken from his sister and your company over the years. Face is very important to you, and to your Shen family, but what if the Shen family ceases to exist? Will you still think it's important?"
Shen Xingang was startled.
"What do you mean? Are you threatening me?"
"I'm not threatening you, this is the intention of the person behind me, Mr. Shen. If you still want to maintain a peaceful approach, then the person behind me will be very angry. Linglong Club is actually under his control now. He chose to cooperate with Shengli Group because he saw that Shengli Group still had a chance to be saved. But if you insist on going down a dead end, then there's nothing I can do."
Shen Xingang hesitated again.
If Chen Zhe had said he would bring about the destruction of his Shen family, he wouldn't have believed it at all. But the person behind him... well, that's hard to say.
This is not something you can gamble on.
"But you're asking me to kill them... that's really a bit..."
"No, no, no, Mr. Shen, I think you've misunderstood me. Shouting and killing has never been my boss's style. My boss's motto is to accomplish the greatest things with the least cost."
"Hmm? What should we do then?"
Shen Xingang became interested. If reform could be carried out without bloodshed, then he was willing to give it a try.
"President Shen, this requires your cooperation. We can do it like this..."
Chen Zhe whispered a few words in Shen Xingang's ear.
Shen Xingang's eyes widened upon hearing this, and he asked incredulously, "Is this really okay?"
"Nothing is impossible."
"But... will they agree?"
"That depends on how we put it. If we say it nicely, anything is possible."
Shen Xingang nodded; "Alright, then we'll do it your way."
Shen Xingang convened a board meeting and formally introduced Chen Zhe to all the directors.
Those people were incredulous when they heard that Chen Zhe was to be appointed as CEO.
"President Chen!! This is absolutely unacceptable! Linglong Club is our mortal enemy. How can you let Chen Zhe be our CEO? Isn't this ridiculous?"
The speaker was an elderly man with gray hair and a slightly overweight build. He looked to be more than ten years older than Shen Xingang and should have been retired by now, but he was still standing there.
"Third Uncle, letting Linglong Club participate in our company's management is a market-driven decision. As you know, Linglong Chamber of Commerce currently has the most orders. Given our company's current situation, we have no other choice."
"That won't do! What does this kid know? How big is our Shengli Group? How big is Linglong Club? We are a listed company, and the number one listed company in Donghai. Linglong Club isn't even listed. At most, it's just a chain store. President Shen, you must think this through."
"Yes, President Shen, we're all family. You have to listen to our advice. The company's current difficulties are only temporary. Our Shengli Group has weathered many storms over the decades. What kind of storms haven't we seen? Your decision now is like a giant ship being towed by a small boat. That's completely absurd."
"President Shen, I also disagree with Chen Zhe becoming our company's CEO..."
"Yes, Mr. Shen, your decision was very hasty. If your father were still alive, he would definitely not agree to this."
More than half of the board members were against it.
They constantly bring up their seniority and Shen Xingang's deceased father.
This completely wiped out any trace of guilt Shen Xin'ang had towards them, reminding him of the time when they forced him to abdicate when he was young.
Their arrogant faces at that time are still vivid in my mind.
It made him grit his teeth in hatred.
However, he maintained a calm demeanor on the surface.
"Everyone, you are all veterans of my Shengli Group, and I, Shen Xingang, am well aware of that. I humbly accept all the suggestions you have made. Since you all oppose Chen Zhe becoming our company's CEO, then it's easy. You go find the orders and bring them back. That way, we won't have to ask anyone else for help."
"this……"
Upon hearing that they needed to find orders, all those who had been speaking so passionately earlier fell silent.
They have been blacklisted by the foreign companies they frequently cooperate with, so how easy is it for them to get orders?
"Third Uncle, how's it going? Do you have any good suggestions regarding the order?"
"I……"
The man was embarrassed for a moment before saying, "Mr. Shen, the order can't be rushed. It'll be fine once this storm passes..."
"Yes, Mr. Shen, policies are constantly changing. Our company isn't short of money. Didn't you get a large loan recently? The company has enough money. We just need to get through this period..."
Shen Xingang sighed inwardly; [These people are truly incompetent fools. They can't even understand the current situation. The Linglong Chamber of Commerce has swallowed all the orders; how could they possibly give them back so easily? Want to weather the storm? How many years would that take? In a few years? Can they still compete with the Linglong Chamber of Commerce's scale?]
Shen Xingang nodded outwardly; "What you say makes sense, then I'll listen to you! Men!! Throw this brat Chen Zhe out of here!!"
Several burly security guards suddenly walked in and dragged Chen Zhe out without saying a word.
Chen Zhe shouted, cursing, "Shen Xingang, you bastard! You broke your promise, you went back on your word!!"
Seeing Chen Zhe being kicked out, the board members felt a surge of satisfaction.
They had all heard about Wei Ming's dismissal yesterday, and they were already feeling a sense of crisis. If that kid really became CEO, they wouldn't have a good time.
When they saw Chen Zhe arrive today, they tacitly agreed that they absolutely could not let Chen Zhe become the CEO. Fortunately, Shen Xingang and the others were able to keep him in check.
Shen Xingang had the finance department produce a bunch of reports and then distributed them.
After they saw it, their expressions were somewhat strange.
Shen Xingang sneered inwardly.
"Alright, I've already kicked everyone out. Let's talk about the truth behind closed doors. You all said we could hold on, but the truth is we can't hold on for even a day longer. All of our company's businesses are currently losing money. Although I got a loan, it's just a drop in the bucket. To get through this, we still need to get orders."
"President Shen, but orders aren't so easy to get. We're completely blocked right now, and there's no way out at all."
"some!"
Shen Xingang had his secretary Huang Rong bring him a document; "Last night I managed to get some information out of Chen Zhe. That kid is still young, and he really thought I was confiding in him. Hehe, actually I was lying to him. I found out exactly where his overseas orders came from last night. The situation is like this: I need your help to finalize these collaborations."
Shen Xingang then distributed the materials further.
Even after reviewing the documents, some people still had doubts: "President Shen, is it possible to finalize these collaborations?"
“I know it’s not simple, that’s why I sent you. You are the people I trust the most, and I can only feel at ease if you go.”
Hearing Shen Xingang say this, they didn't object. It's just a trip abroad, right? If the deal doesn't go through, they can just treat it as a vacation. They've done this kind of thing before.
"Okay!! Mr. Shen, don't worry, I'll risk my life to secure this cooperation!!"
"Me too!!"
"Me too!!"
Seeing them patting their chests and making guarantees one by one, Shen Xingang sneered inwardly; [I don't believe you for a second, you bunch of good-for-nothings! You don't even realize I've played you.]
...
Continue read on readnovelmtl.com