"As our business continues to expand, our organizational structure can no longer meet our needs."
"Therefore, I will be restructuring the company soon to establish Qimingxing Group, which will be divided into two main categories: domestic business and international business."
"And established four companies: Qimingxing Electronics, Qimingxing Vehicles, Qimingxing Northern, and Qimingxing Home Appliances."
"The four companies are wholly owned by the group."
"Among them, Huo Jiaqi is in charge of the overall work of Qimingxing Electronics."
"The Qimingxing vehicles and Qimingxing home appliances are coordinated by Liutiao."
"Qimingxing Northern Company, with Qingmu in charge of the work."
After Wu Changfeng finished speaking, Liu Tiao and Yu Qingmu exchanged a glance.
This was the first time the two had met.
The willow branches bow their heads high, thinking, "I'm still better than you, hmph!"
Yu Qingmu rolled her eyes.
Ignore it.
Wu Changfeng continued, "The group's financial head is Liu Xuelan, so all of Qimingxing Northern's finances are handled by Liu Xuelan, who is responsible for the statistics."
Liu Xuelan nodded.
Yu Qingmu didn't care. After all, the company wasn't his own. He had enjoyed having independent financial control for a while, but it would all be taken back sooner or later.
Wu Changfeng continued, "Of course, after the group is established, everyone's work will be very complicated. In order to provide quick feedback and work, some financial situations will not need to be reported to the group's finance department one by one."
"I will have Liu Xuelan arrange for subordinate finance staff to be stationed in each branch. As the general manager, you have certain approval authority. As long as the money is reasonable, justified and legal, you can pay it first and then report it later."
"Each person's authority is limited to 50,000. If it exceeds that, you must ask Liu Xuelan for permission."
Everyone nodded.
Wu Changfeng said, "The most important thing in setting up a branch company is financial coordination. You all need to cooperate with Liu Xuelan. If anyone is found to be interfering, they will be dismissed."
"When it comes to money, not a penny less! I'm willing to spend money, but I must give you a convincing reason."
Wu Changfeng must emphasize the importance of finance.
This cannot be ignored; no matter how well a group develops, it cannot succeed without reliable financial processes.
That would lead to utter chaos.
It may look shiny on the surface, but it has long been hollowed out inside.
This indirectly elevated Liu Xuelan's status.
This is not an exaggeration; if Liu Xuelan had a low status, it would have been a disaster.
You could say that in a company, the first person is the boss, and the second person is the chief financial officer.
Wu Changfeng said, "As you all know, the previous content was rather bland. Now we will proceed with the most important matter: the distribution of shares."
Huo Jiaqi scratched his head and said, "Hey boss, it's an honor for us to build this business with you. We can't possibly ask for shares."
“Yes, that’s not necessary,” Willow Twig chimed in.
Yu Qingmu also said, "Indeed, as long as there's a salary, that's enough."
Liu Xuelan said softly, "I'm already very satisfied."
Wu Changfeng waved his hand: "Alright, stop pretending with me. If I don't give you something concrete, I'm afraid you won't work hard enough."
Everyone smiled sheepishly.
Let's be polite.
Wu Changfeng said, "Let's not talk about last year's situation; everything will be done the same way as this year."
"I plan to offer up my shares and distribute them."
"At the same time, you should also know that some people arrive late, and some people have different job natures. Different situations should be treated differently."
"The number of shares may vary. But remember, it depends on your performance. I have the right to give you shares, and I also have the right to take them back. Of course, I will also give equity awards for making significant contributions to the company."
"Alright, here's my plan: 8% for Liu Tiao, 7% for Huo Jiaqi, 5% for Yu Qingmu, and 6% for Liu Xuelan."
"You can receive corresponding dividends based on profits after the company settles its financial statements at the end of each year."
"Any objections?"
Several people indicated they had no objections.
That's already a lot!
Keep in mind that if the balance of this year is 100 million, Liutiao will receive 8 million in dividends!
He crossed the class barrier in one step!
That's much higher than a salary.
Anyone who does the math will be overwhelmed.
In 1991, 8 million—that's an incredible amount!
Even in later generations, 8 million is not a small number.
Everyone was eager and excited!
Only Liu Xuelan knew that although it looked like a lot, it seemed difficult to carry.
It's important to know that Wu Changfeng was referring to the balance, not the turnover.
That means deducting all kinds of taxes, wages, procurement and other expenses to see how much is left.
Others may not know, but Liu Xuelan does: the Jiangcheng Research Institute is a bottomless pit.
This hasn't even started yet, but there are already signs of huge sums of money being poured in.
However, Liu Xuelan firmly believes that this is much better than having a fixed salary.
Once things are on track, these shares will become an enviable bonus!
You can't go wrong by following along!
Wu Changfeng concluded by announcing, "Since everyone agrees, let's start today and distribute the spoils accordingly, making it the biggest and strongest, and creating new glories!"
Several people excitedly joined in the shout.
Afterwards, Yu Qingmu visited the workshop but did not linger and flew back to Beijing.
Huo Jiaqi returned to Jiangcheng; he had a tough nut to crack.
Wu Changfeng and Liu Tiao then began to arrange the next steps.
Preparations are underway to welcome the South Korean delegation.
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