This level of value meets Park Jin Hyuk's expectations and requirements.
After all, they will represent him on the DS Energy board of directors in the future.
"I intend to recommend you two to serve as independent directors of DS Energy. Although the recommendation is made by creditors, you are actually representing me. I hope you two are aware of this."
"We are already clear about this."
"As a token of our gratitude, DS Communications will provide your association with a sponsorship of 1 billion yuan (approximately 5.3 million RMB)."
"Oh, thank you so much."
They stared at Park Jin Hyuk, waiting for his next words.
"DS Energy will pay you two as independent directors. In addition to that compensation, DS Communications will also provide you with 1 billion yuan in research funding each."
After hearing this, the two professors were naturally even happier.
As an independent director, he can receive an annual remuneration of around 100 million yuan (about 530,000 RMB).
All that is required is to attend board meetings a few times a year where major issues are discussed and voted on by a show of hands.
"Of course, I also hope that you two can complete a task."
"What job?"
"We simply cannot allow DS Energy to suffer losses."
The two professors thought, this is a matter of course. Protecting the company from losses is the duty of the directors.
*** *** ***
The impact of the mutated Paris flu on the economy is beyond people's imagination.
The GDP of many countries fell by 5% to 10%, and unemployment rates began to soar, and economic development completely stagnated.
The resulting blow to the company is fatal.
"WEST Airlines has decided to suspend operations for three months."
Park Jin Hyuk was in the car, listening to Kim Jun Woo's report.
"Shinhan Hotel and DS Department Store saw a 30% drop in revenue, while DS Chemical and DS Heavy Industries saw a 20% drop in revenue. DS Electronics was fortunate to have expanded its mid-range and low-end mobile phone business, and its TV sales also increased, so its revenue did not decline significantly."
"Okay, let's stop here."
Park Jin Hyuk interrupted Kim Jun Woo.
"It's all bad news. You can tell without me saying it."
"Would you like me to tell you about DS Construction and DS Pharmaceuticals? They're both doing pretty well."
"Most of our businesses are in trouble. What good is it if only a few of them perform well?"
As he spoke, Park Jin Hyuk turned his head to look out the car window.
"Before the meeting, you should have a general understanding of the situation."
They were on their way to headquarters to attend the monthly presidents' meeting.
For Park Jin Hyuk, attending the presidents' meetings has become a burden now, as the atmosphere is too depressing.
"Once you go, you'll know everything, so there's no need to say anything."
The sedan arrived at DS headquarters.
As soon as Park Jin Hyuk stepped out of the car, several presidents of subsidiaries came over.
"Chairman, congratulations! It's such a pity that I couldn't attend your wedding."
"President Jin, I received your gift money, thank you!"
"Chairman, I wish you and your wife a long and happy life together."
"Thank you, President Cui, thank you!"
Seeing this scene, two staff members passing by the headquarters said:
“Whenever Chairman Park comes, he becomes the center of attention.”
"Is it okay not to have a good relationship with him now?"
"What's the matter?"
"The balance of succession is tilting more and more towards him."
"Isn't it too early to say that now? He's only 29, and the president is still in good health. I guess it will happen in 10 years."
"Don't you know the chairman's health is not good? The DS family has lung disease. The old chairman passed away shortly after turning 60 (60 years old), and Chairman Park took over as chairman in his early 30s."
"Yes, the president goes to Southeast Asia for recuperation every year..."
Another staff member said with a smile:
"Under the current circumstances, it's hard to say whether the president will step down."
"Retreat bravely from the rapids?"
"DS is facing its most serious crisis in history. It would be wise to hand over power to my son at this time."
"Indeed, with the pandemic and the DS Energy crisis, life is tough right now."
As he was talking, Park Jin Hyuk walked into the elevator surrounded by the presidents.
After arriving at the conference room, the presidents came forward to congratulate Park Jin Hyuk and praised the business under his leadership.
DS Construction had already begun to shrink its overseas business before the outbreak of the epidemic because it had not suffered any losses.
DS Pharmaceuticals and DS Electronics achieved good results.
DS Securities has received considerable commissions from JH Investment due to its cooperation with JH Investment, and will also have the business of listing the Rising Sun System Integration in the future.
Including Shinhan Hotel and DS Department Store, it can be said that they have entered Park Jin Hyuk's camp.
Although Park Jin Hyuk's camp cannot compete with Park Joon Man's business in terms of overall revenue, if the growth potential of the business is taken into account, it can be said that its scale has exceeded half.
The president of Shinhan Hotel came to Park Jin Hyuk and said respectfully:
"Chairman, did you enjoy your honeymoon? After the epidemic is over, I suggest you take your wife on an overseas trip. We have a strategic partnership with Marriott Hotels. They just bought a 17th-century castle in Italy and plan to transform it into a six-star hotel. If you're interested, I can arrange it for you."
"That sounds great. I'll trouble you later."
"Just give me your instructions. The Marriott Hotel has said they hope to find an opportunity to meet with you. If you can come, they will definitely welcome you."
"It is very important to establish connections with these international hotel groups, and Shinhan Hotel should also find ways to expand internationally. It is not enough to only operate in Saipan and Guam, places frequented by Koreans and Japanese, and we should continue to explore overseas markets."
Park Jin Hyuk proposed the idea of expanding into overseas markets and establishing a hotel chain to the hotel president. He deliberately raised his voice so that others could hear him.
"I totally agree with your idea."
"That's great! Since the hotel industry is in a downturn right now, we can take this opportunity to acquire some overseas hotels. Have you ever considered this?"
The hotel president immediately replied:
"I've had this thought. When I get back, I'll draw up a detailed business plan and report back to you."
"Okay, I understand."
With just a few words, Shinhan Hotel, whose revenue has nearly halved, is planning to expand overseas.
In this way, the hotel's president will be promoted to the head of the DS Group's hotel business department, and he won't have to worry about losing his job.
This made other presidents envious.
Just at this moment, Secretary Huang walked in.
"The president has arrived."
Everyone in the conference room hurried back to their seats.
Park Junwan walked into the meeting room and the monthly presidents' meeting began.
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