Xuan Yizhu comforted the president of Dongjing Transportation: "The vice president does not mean to completely give up the logistics business."
Another president followed up with, "DS's e-commerce business was just separated, so why sell it off again?"
In fact, Xuan Yizhu had the same question in his mind. The e-commerce business was separated under the leadership of Park Jin Hyuk when he was the president of DS Telecom, but it was sold.
Although he was puzzled, Xuan Yizhu tried to appease everyone and said, "Since the vice president has made the decision, we will just follow it."
"I wonder who will be sold next?" said a president of Dongjing Industry anxiously.
"If the company undergoes such a major change, the impact on senior executives will be huge."
The presidents all felt a sense of crisis.
"President Xuan," Jin Junyu came over at this time, "The vice president wants to see you."
"Got it. I'll be right there."
Hyun Yi-soo followed Kim Jun-woo to Park Jin-hyuk's office.
As soon as they met, Park Jin Hyuk asked, "Did the CEOs ask you anything?"
“They all ask, what’s going on with such big changes in the business?”
Park Jin Hyuk nodded and said, "I asked you to come here to discuss how to use the profit surplus on the books."
"Don't companies always invest their profits and surpluses in financial products like bonds?"
"I plan to share half of last year's profit with employees and shareholders while continuing to use it for such investments."
"Isn't half too much?" Xuan Yizhu said, "Large companies usually retain a certain amount of surplus as a reserve fund for emergencies. Sampoong Electronics has such good profits, but they only pay out 20% as dividends. 50% is too high. Usually only securities companies offer such high dividends."
"I think DS should keep 50%, use 50% to distribute bonuses to executives and employees, and distribute the rest to shareholders as dividends. I plan to do this every year going forward." Park Jin Hyuk took a sip of coffee and continued, "I hope this approach can alleviate the anxiety of executives and employees and motivate them. What do you think?"
"Everyone will welcome him with open arms," Hearing that Park Jin Hyuk had made up his mind, Xuan Yizhu asked, "What do you need me to do?"
Park Jin Hyuk put down his coffee cup and said, "Please tell the executives about my decision privately and express your dissatisfaction with it."
"To express my dissatisfaction?"
"Just do as I say. You'll know why at the meeting next week."
"Can't you tell me something in advance?"
Park Jin Hyuk said with a smile, “It would be better if you didn’t know.”
Before the next presidents' meeting, Hyun Yi-soo spread his ideas as requested by Park Jin-hyuk and expressed his dissatisfaction.
After hearing this, the other presidents had different reactions. Some shared the same concerns and expressed opposition, some agreed, and some remained silent and did not express their opinions.
On the day of the extraordinary presidents' meeting, the presidents were discussing in low voices in the meeting room before the meeting began.
Xuan Yizhu said, "The vice chairman holds 40% of DS shares. If a large-scale dividend is distributed to shareholders, he will be the one who benefits the most."
Mao Dayong defended Park Jin Hyuk, saying, "How can you say that? He meant to give bonuses to executives and employees first, and then distribute the remaining money as dividends."
"But how much can the bonus be?"
In the past, Xuan Yizhu always agreed with Park Jin Hyuk's opinions and implemented them unconditionally, but this time he repeatedly expressed his opposition, which Mao Dayong found very strange.
A president then asked, "If all the profits are distributed to shareholders, will the company have money left for reinvestment?"
Just then, Jin Junyu walked in and said, "The vice president is here."
As the words were spoken, Park Jin Hyuk walked in and everyone stood up.
In the past, when he came in, he would gesture for everyone to sit down, but this time he said nothing. He just sat down and looked at Xuan Yizhu coldly, so everyone had to sit down on their own.
Park Jin Hyuk looked at Hyun Yi Soo, "President Hyun, I heard that you are very dissatisfied with me, is that right?"
Xuan Yizhu looked at Park Jin Hyuk, not knowing what to say.
"I heard that you've been talking about me and President Kim and President Choi sitting over there behind my back lately... President Hyun, I trusted you so much, yet you did something like this. Don't you want to do this anymore?"
Park Jin Hyuk angrily picked up the document in front of him and threw it at Hyun Yi Soo.
The documents fell on Xuan Yizhu and scattered all over the floor.
"From today on, Hyun Yi-soo's position as president of DS Heavy Industries is dismissed," Park Jin-hyuk announced loudly. "Some other presidents will also have their positions adjusted. Notices will be sent out within a week. This meeting is concluded!"
After saying that, Park Jin Hyuk walked straight out of the meeting room.
It all happened so fast that before anyone could react, Park Jin Hyuk was gone.
Although Xuan Yizhu was mentally prepared, he was still a little confused as he didn't expect this result.
After a while, Mao Dayong came over and pulled him up. "President Xuan, I will accompany you to find the vice president to explain."
He pulled Hyun Yi-soo and came to the door of Park Jin-hyuk's office.
Seeing them coming, Jin Junyu said, "Please come in, the vice president is waiting for you."
Mao Dayong and Xuan Yizhu walked into the office and saw Li Yongbin already inside.
"Come and sit down," Park Jin Hyuk said to them.
After Hyun Yi-su sat down on the sofa, Park Jin-hyuk said apologetically, "Did I surprise you?"
Xuan Yizhu said, "Vice President, what is going on?"
"President Xuan, you have great prestige. Both President Li and President Mao came to intercede on your behalf."
At this moment, Park Jin Hyuk's attitude was completely different from before.
He explained to Li Yongbin and Mao Dayong, "I've already informed President Xuan about this beforehand, but I didn't get into specifics. Otherwise, the effect wouldn't have been so good."
"So, you did it on purpose to show off to others?" Mao Dayong said.
"Yes."
Xuan Yizhu had gradually recovered. "I know you're not serious about removing me from my position, but I did break out in a cold sweat just now."
"No, I'm dismissing you. You will no longer be the president of DS Heavy Industries. I have other plans for you."
Xuan Yizhu was stunned again.
"Only if you leave the company can we resolve the discontent of others, so I have to ask you to make some sacrifices," Park Jin Hyuk explained. "The executives at DS are now divided into three factions: those who followed my father, those who followed me, and those who came from Tokyo Industry. This isn't a solution."
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