There is great turmoil within Tengyou Media.
Financial media, including countless reporters, immediately gathered at Tengyou Media's headquarters, hoping to learn more about the sudden resignation of the two senior vice presidents.
The stock price also began to fluctuate greatly, falling by more than 8% in just three days, which is equivalent to a market value of more than 80 billion yuan.
This is the first time in ten years that Tengyou Media’s stock price has fallen below one trillion yuan.
Many people want to ask, what is going on?
It is clear that falling stock prices mean there is panic in the market.
This led to many people selling a large number of Tencent shares.
The reporter wanted to investigate further, but the internal managers didn't know what had happened. It seemed that all of a sudden, a large number of former senior executives who had loyally followed Zhang Wanyi were either replaced or laid off one after another.
Whenever there are such huge personnel changes in a group, it often means that there is a factional struggle among senior officials within the group.
But who else in Tengyou Media can compete with Zhang Wanyi?
No one knew about it, and no news about the enemy came out. The news came out suddenly, which made it even more unexpected.
However, Mulan Qing from the short drama company knew very well that all this was because after that dinner, Zhang Wanyi, the media queen, was obviously warned, and that was why she began to give up power on her own initiative.
After all, Tengyou Media is a super large group with millions of employees, and its internal staff are discussing these rumors every day.
For ordinary employees, they may never meet the senior president of such a large group even once in their entire working life.
Their news seemed to be about their own family, but also seemed to be about someone else's family.
The chaos was so intense that not only the outside reporters but even the internal employees were confused.
What everyone can see is that the top management issued a notice and there were major internal personnel changes.
Tengyou Headquarters Building, 12th floor Human Resources Department.
Four employees gathered in the coffee bar to discuss the matter. One of them even said, "What's going on in our group? Why did Mr. Lu and his team suddenly resign?"
"Who knows? Chairman Zhang must have asked them to leave personally, right?"
"Stop guessing, check your internal mailbox."
"What's wrong with the mailbox?" a girl wearing glasses asked curiously.
"Just click on it and you'll see. There's a letter from the former chairman inside."
The former chairman sent the letter to the internal email address, and all employees in the group received it. This is a typical letter to employees.
These people guessed correctly, the title of the email was called "Letter to Employees".
This letter was written by Chen Pingsheng himself.
"After 28 years of entrepreneurship, we have weathered all the storms together. The Group has grown from a start-up to an industry giant.
"However... giants usually don't die from external competition, but instead begin to decay from within.
“Any manager who has been in a position for more than five or ten years should look at their department to see if there are new people who are more suitable for their position than they are.
"If you think there is no such thing, then you are not a good manager. If you know there is such a thing, but for your own selfish desires, you suppress newcomers who are more capable than you.
"That proves you're no longer fit to be in the group. Selfish desires are the fastest way to destroy a group and the root cause of the decline of a giant enterprise.
“Don’t let us destroy all that we have worked so hard to create, and don’t let us forget the path we have taken. Think about when you were a newcomer, and then look at how you are now an old man.
“Don’t let selfish desires destroy everything we have created, and don’t let down the millions of employees within the group. We have the responsibility and obligation to always create a fair and just stage for them.
"Chen Pingsheng stays!"
On that day, at least over 10 million people received this internal employee letter.
This is also the first open letter issued in the 13th year since the former chairman retired.
The letter directly points out the biggest personnel problem in the entire group.
Since Chen Pingsheng left the group, although the group has maintained stability and development, hidden dangers have been buried.
The biggest hidden danger is undoubtedly that many senior executives of the group have been in their positions for too long and never want to leave.
Even though they know that there are more suitable candidates below, or that their own abilities are no longer up to par, they still refuse to move. This has resulted in the group being stuck in the past five years.
Development belongs to everyone, and it only takes a few years to destroy it.
At this most critical stage, Chen Pingsheng once again reminded all executives that they must reflect on themselves.
Also that night, the Economic Research Institute, including the advisory group and seven chief executives, jointly proposed that the entire group enter a one-month period of self-reflection and self-examination.
The target is those managers who have been in one position for more than five years.
If a president has stayed in a position for more than eight years, he or she must either be rotated or be laid off.
There was no second choice. Once the letter came out, anyone with a little common sense could make the connection.
What happened to Tengyou Media before was just a preliminary preparation. The founder of Tengying Group must have personally communicated with Zhang Wanyi, his former secretary and now the global media queen.
Otherwise, how could she be so foolish as to cut off her own arm and fire the two vice presidents of the group who had worked with her for twenty years.
You must know that no matter where you are, position is only one aspect. If you want others to listen to you, the most important thing is to have your own people.
Otherwise, it will be impossible for one person to have the final say or the group's power will be too concentrated.
Since Zhang Wanyi has taken the lead personally, other companies including the group must follow suit.
Many veterans may be laid off in this turmoil, but the group has also given these veterans the best arrangements and preferential treatment.
Their contributions will not be forgotten, but the group's progress requires more newcomers.
History goes on. Since Chen Pingsheng completed his first retirement and handover, thirteen years after his retirement, the entire Tengying Group will also begin to complete the second historic reform and handover.
The old is replaced by the new.
No one can avoid them. This is how running a business is. You need to constantly seek change and innovation and never stand still.
Chen Pingsheng also has to personally keep an eye on these old employees of the group to ensure that they can retire smoothly one by one.
At this stage of development, it is difficult for external competition to defeat Tengying and Tengfei Group.
Only internal struggles within the group can cause its rapid demise.
The transfer of power in the group is the most influential aspect.
Tengyou Media replaced eleven president-level executives in just one month.
In addition, I don’t know how many senior managers, including ministers, have been replaced.
Other companies have also faced major personnel changes since the internal letters began to be sent.
Mulan Qing watched the news every day, but she never expected that the news that attracted the attention of the entire domestic business and financial circles would actually originate from a small dinner between the three of them.
Even someone as high and mighty as Zhang Wanyi will have her day of being warned.
(End of this chapter)
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