Chapter 468: Forced to Abdicate



"What's up with you?"

Du Shaojie sat on the Diaoyutai, looked up at Meng Gang and others, and motioned for everyone to sit down.

A group of people sat in the living room, seemingly very nervous.

"Let me tell you, President Du, we came here to report something to you. Recently, there is a good opportunity. Our catering company has the hope of going public. Everyone thinks this is a rare opportunity. I hope you can consider it."

Meng Gang spoke on behalf of everyone, and what he said surprised Du Shaojie.

After all, he has said on many occasions that he does not want the catering company to go public. The company has stopped expanding, and it is not so urgent to buy a storefront. What will the funds raised after the listing be used for?

But it is different for the company's executives. They all own shares of the company or its subsidiaries to a greater or lesser extent. The benefits to them after the listing are self-evident.

Before, they also made suggestions, but Du Shaojie was too busy some time ago, so he temporarily put it aside.

Unexpectedly, they have not waited for a definite letter, and today they all came to talk about this matter.

"Do you know what this is called? This is called forcing the emperor to abdicate."

Du Shaojie's face darkened, and

he looked over one by one, including Meng Gang, who all lowered their heads. Although he usually seemed amiable, these people were quite scared when he got angry. Especially when he mentioned the two words "forcing the emperor to abdicate", everyone broke out in a cold sweat.

"Look at how useless you are. Have I ever treated you badly? Going public, going public, thinking about going public all day. President Meng, President Su, you two come upstairs with me and talk about this in detail, the others are waiting!"

Du Shaojie didn't think there was anything wrong with the listing itself, but they were too impatient and had to knock it on.

Afterwards, he went upstairs with Meng Gang and Su Dapeng.

After more than an hour, the three of them came down, talking and laughing, and the waiting people were relieved.

"Let's go, we'll talk about it when we get back."

Meng Gang didn't give everyone a chance to speak, waved his hand, and a group of people said goodbye and left.

Du Shaojie sat under the big tree in the yard, but he was not angry, but felt that things were a bit magical. Shenzhen has listed [Bailian Catering] as a key support enterprise, hoping to promote its listing.

To be honest, this matter was first promoted by the city, and Meng Gang and others can only go with the flow.

After all, the interests of many people are involved in this, and they are representatives, just afraid that the boss will be suspicious. Strictly speaking, this matter is not "forcing the palace", at most it can be regarded as normal "greed".

"Boss Du, have some tea."

Luo Qin made tea and brought it to Du Shaojie.

She thought that what happened today was very serious, and it was absolutely a taboo for the company's management to jointly put pressure on the boss.

"Hmm"

Du Shaojie took a sip of tea, but he was thinking about something else in his heart.

In fact, he had asked himself before, if everything now no longer exists, then would he have a chance to start over?

He felt that with his own skills, even if he had nothing, he could live a life without worries about food and clothing again. But to start a catering company from scratch, that might not be the case.

[Bailian Catering] can become the leader of the catering industry, and it is indispensable to have the right time, place and people, and it also requires considerable luck.

Du Shaojie sat there for a while, then got up and went upstairs.

Today's events reminded him that he should not replace other people's ideas with his own, otherwise there might be trouble.

Two days later.

Du Shaojie took Wang Yongli, Luo Qin and others to Shenzhen and convened a meeting of company executives to formally discuss the issue of the company's listing.

"I don't object to the listing, but I will not let [Bailian Catering Company] go public as a whole. My meaning is very clear. We are going to package [Northwest Noodle House] and go public. Next, we will carry out shareholding reform. For

employee stock ownership, the previous options will be transferred to [Northwest Noodle House], and then they will be converted according to a fair ratio."

Du Shaojie first talked about the principle issue. There was no need to discuss this. He just decided.

In the past, some executives owned a small amount of shares in [Bailian Catering], which was part of the incentive mechanism.

Now [Northwest Noodle House] is going to be listed in a package, so it will be transferred and converted, and all the shares held by each person will be converted into shares of [Northwest Noodle House].

This is what everyone expects.

In addition, after the company goes public, the biggest winner is Su Dapeng besides Du Shaojie. Su Dapeng founded Northwest Noodle House and he already owns a lot of shares in the company. His net worth will surely double after the listing.

"Mr. Du, what instructions do you have for the subsequent shareholding reform?"

Everyone discussed some details, and then Meng Gang asked.

"Let me tell you my idea. Company executives, managers of each sub-brand, store managers and chefs can own some shares. The backbone of the kitchen and employees who have served the company for 5 years or more can also own some shares."

Du Shaojie talked about employee shares. These shares can be held by the employee shareholding association on behalf of the company, and they can be freely bought and sold after the listing ban is lifted.

He asked Meng Gang to come up with a specific plan as soon as possible, and it can be implemented after his approval.

In addition, it is necessary to introduce several strategic investors. He will be responsible for this work, so Meng Gang and others don't need to intervene.

After making the decision, the relevant personnel of the company started to move.

Du Shaojie introduced Pang Weidong, Xu Bo, Ye Weiming, Yu Mo, Cai Jing and others as shareholders. They did not invest in their own names, but in the name of the company.

Including employee shares, not many shares were given out, and social public shares after listing had to be reserved.

[Northwest Noodle House] established a joint-stock company, [Bailian Catering] is its controlling shareholder, the second largest shareholder is the "Employee Stock Ownership Association", and there are some other small shareholders.

As a benchmark in the industry, [Northwest Noodle House]'s preparations for listing went smoothly.

The whole process took only half a year, and it ushered in the moment of ringing the bell for listing. The most important reason for this is the support of the city. The 400 million yuan raised from the listing will be used to add new stores in commercial complexes in various places.

Du Shaojie appointed Meng Gang as the chairman of the listed company and Su Dapeng as the general manager of the listed company.

In addition, several senior executives were transferred from the headquarters of the catering company. For a while, [Northwest Noodle House] was strong and powerful, and once again opened a new road of expansion.

However, all those who worked in listed companies, including Meng Gang and Su Dapeng, resigned from their positions at Bailian Catering.

Du Shaojie appointed Yu Jianxin as the general manager of Bailian Catering, and promoted two management talents to the position of deputy general manager of the company.

The stock price of Northwest Noodle House performed quite well after its listing, and many people in the company enjoyed a wave of dividends and became "rich people".

Meng Gang and Su Dapeng lived up to expectations and led the company to actively expand, and revenue and profits once again reached a new level.

"Ajie, did you transfer Mr. Meng away because you were dissatisfied with his forced palace?"

Du Shaojie lived in Beijing during this period, and Pang Weidong had a rare free time, so he invited him to a farm to play for a day.

The two chatted and talked about listed companies, and inevitably touched on some things in the past. Among them, Du Shaojie was "forced palace" by the company's executives, which became a funny thing that friends often joked about.

But what everyone didn't expect was that Du Shaojie did not dismiss those executives.

Pang Weidong was also puzzled.

"Yes, Meng Gang, as the general manager of the company, did not discuss it with me properly, nor did he appease everyone's emotions. Of course, I am dissatisfied with him.

However, he does not have too many selfish thoughts. He does this completely for the stability of the company. Therefore, I gave him a decent job, which can be regarded as making the best use of his talents."

Du Shaojie did not hide his thoughts and told Pang Weidong.

The cause of this incident was that he ignored the demands of employees, but the essence was that Meng Gang had worked in the catering company for too long, and he wanted him to move out.

Meng Gang is also a smart man. He took the initiative to hand the knife to the boss.

If nothing unexpected happens, Meng Gang will work as the chairman of the listed company until retirement, which can be regarded as a good beginning and a good end between the two.

Du Shaojie started to train young cadres a few years ago, and constantly added burdens to Yu Jianxin, because Meng Gang and others have formed a small group within the company.

As for Su Dapeng, that guy is heartless, and he should enjoy his life after working for a few more years.

"Everyone says you are a hands-off boss, but in fact, among all of us, only you live the most clearly."

Pang Weidong couldn't help sighing and changed the subject.

In fact, anyone who runs a business will have similar troubles, and he also has it, just like the store managers of [Yuedong Entertainment] in various places, a small number of them have gradually become too big to be removed.

There are also shareholders who were introduced later. After the stage of being united against the outside world, everyone gradually had some small thoughts.

"Recently, one of our KTV karaoke halls was investigated. The manager of the karaoke hall carried out some illegal activities without authorization, and was caught by the competitor."

Pang Weidong drank a glass of wine and then told a troublesome thing.

That karaoke hall went too far, and the store manager was blinded by money, and finally made a big news. This incident brought a very bad impact to [Yuedong Entertainment], which really pissed him off.

Inspections cannot solve all problems, but they will eventually make most employees afraid.

"How long will it take to rectify?"

"One month to rectify! How much profit will be lost in one month? That guy is dead."

"Well, the loss is not small. He should be taken out for a shooting."

After chatting with Du Shaojie for a while, Pang Weidong's mood turned from gloomy to sunny.

The entertainment industry is indeed very profitable, but there are many troubles, a lot of black and white things, none of which is a small matter.

If you encounter subordinates who pretend to obey but actually disobey, you may even sink the boss.

"Ajie, the KTV business has reached a bottleneck now, and both revenue and profit are on a downward trend."

Pang Weidong is a little confused now, and a little worried at the same time.

KTV is a cash cow. If it can't be done in the future, he doesn't know what to do. (End of this chapter)

Continue read on readnovelmtl.com


Recommendation



Comments

Please login to comment

Support Us

Donate to disable ads.

Buy Me a Coffee at ko-fi.com
Chapter List