The current situation has clearly exceeded Mr. Feng's expectations. He did not expect the international situation to change so quickly. He simply told Feng Zhiyao to learn to read the situation and not to let Schroder Group acquire the shares so easily, even if he had to sell Jiafeng's shares.
Learn to bet on both sides, with the highest bidder winning. Don't make hasty statements at this year's board meeting; learn to maintain a balance. Don't let Lu Feng be comfortable, and don't let John be comfortable either. This is the way for minority shareholders to survive.
Mr. Feng was too weak. He really wanted to teach Feng Zhiyao how to handle these matters, but his body no longer allowed it.
With less than a week to go before the shareholders' meeting, Lu Feng took some time to visit Tianjin to check on the construction of the integrated circuit plant. However, some rumors began to circulate at the group headquarters.
Rumors circulated among the middle-level management shareholders that the company had already turned a profit and had tens of billions of RMB in its accounts, but a faction led by Lu Feng refused to distribute dividends. They used various means to siphon off the company's assets, especially Lu Feng, whose personal expenses were all reimbursed by the company.
Nominally, everyone has company stock. Senior management always says in meetings that the company belongs to you, and contributing to the company is contributing to yourselves. However, they are all living lavishly, and when it comes to year-end bonuses, they only let everyone get a tiny bit, which is almost the same as receiving a fixed salary.
Among the middle-level managers, there are comparisons of the treatment in foreign companies. Some people say that in Silicon Valley companies, middle managers can generally receive 15 months' salary and have two days off per week. For R&D workers, the treatment is even more lenient. If they are in a bad mood, they can go home and lie down. They believe that interest is the prerequisite for work.
These rumors have been spreading like wildfire within the company lately, and nobody knows where they came from anymore.
Suddenly, calls for reducing workload and implementing a generous year-end bonus grew louder and louder. As a last resort, senior executives such as Wei Yandan, Zhu Lidong, and Du Guoying had to step forward and hold several meetings to appease everyone.
It is a fact that top US companies offer better compensation than Jiafeng, and the executives could not refute it. They could only keep saying that Jiafeng's compensation was already top-tier in China, and even state-owned enterprises could not provide such income, not to mention that many of the company's employees came from state-owned enterprises.
The staff were clearly dissatisfied with this response. The workload was heavy, and the income was poor, so many people began to complain and lament their unhappiness.
What is happiness? Perhaps it's that I'm happier than others when I'm eating steamed buns and they're eating cornbread. But when I see someone eating steamed buns with pickled vegetables, then I'm unhappy.
After the previous disastrous project, headquarters was clearly tightening its supervision of the lower levels this time. Before returning, Lu Feng called Wei Yandan to talk about the factory. Wei Yandan mentioned the management's complaints on the phone.
"Okay, I understand. I'll talk about it when I get back tomorrow."
After hanging up the phone, Lu Feng understood that John was behind all of this, and judging from the current situation, it was just an appetizer.
The next morning, Lu Feng returned to Shenzhen and attended the shareholders' meeting of the R&D company. Before the board meeting began, all shareholders of the group would hold a meeting to vote and elect a person as the chief representative to attend the board meeting. The chief representative would then advocate for the interests of these people at the board meeting.
Lu Feng's approach to employee stock ownership differs from other companies. It grants employees a high degree of autonomy, allowing them to participate actively in company management, except that their shares are non-sellable and only have dividend rights. Therefore, Jiafeng's management has always said that they are fighting for their own company.
At three o'clock in the afternoon, the conference room was already packed with people, numbering over a hundred. As everyone took their seats, Lu Feng and Liu Cheng walked in, and applause broke out. Liu Cheng quietly told Lu Feng about everyone's situation.
"How many people have arrived?" Liu Cheng asked a clerk.
"Of the 175 employee shareholders of the R&D company, 123 were present, representing 78.5% of the company's total shares. According to the board of directors' regulations, this meets the requirements for convening the meeting."
Liu Cheng nodded upon hearing this, stepped onto the stage, and sat down. Lu Feng sat beside him. Liu Cheng looked at the people below and said thoughtfully, "The board meeting is about to begin. Everyone has worked hard for a year. We have made very good progress in R&D this year and exceeded our targets. I believe that after the board meeting, we will have new goals to strive for in the new year. I have also heard a lot of rumors recently, and many people are discussing the matter of dividends. President Lu happens to have some free time, so he came to listen and share his thoughts with everyone."
Liu Cheng summarized the year's work, everyone's income, and the company's overall situation, then said, "Let's have President Lu say a few words. Everyone, please applaud."
Sparse applause rang out, and everyone stared wide-eyed at Lu Feng, practically wearing the words "profit sharing" on their faces.
“Recently, I heard that some engineers in our R&D company are comparing our salaries and benefits with those of Intel and even Texas Instruments. As a result, they feel a sense of disparity. We are all engineers, we are all engaged in scientific and technological research and development, but your income is less than half of theirs, and the work is even more tiring!” Lu Feng said calmly to everyone, “President Liu told me that some people are not capable enough but still want a high income. I think this statement is wrong.”
Upon hearing this, Liu Cheng turned his head to look at Lu Feng, wondering when he had ever said such a thing.
He was at a loss for words; Lu Feng had said he had spoken, and so he had.
"Why is there such a big difference in salary and benefits? It's because I'm incompetent. If my company were a world-class company, if my company sold tens of thousands of chips, memory, motherboards and other products to the world every year, I wouldn't be so concerned about this little bit of money. But then I realized that it shouldn't all be my fault."
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