To some extent, many companies face the situation where it is difficult to train successors.
The essence of this problem is mainly due to insufficient decentralization of power, or perhaps it is that the president-level figures want to concentrate power too much in their hands.
Don't want power to fall into the hands of others.
Otherwise, how could a company with tens of thousands, or even hundreds of thousands or millions of employees fail to cultivate several outstanding next-generation successors?
If this had happened during the Chu-Han period, Liu Bang would have already proved with facts that as long as the talents of a county were used well, it would not be a problem to conquer half of the world.
Not to mention that these large companies give priority to hiring top students in society when recruiting.
Among tens of thousands of people, not to mention selecting a very outstanding successor to the president, it is still no problem to meet the passing line.
If she can't even choose this one, and still says that the company can't do without her, Chen Pingsheng will definitely fire such a company leader at the first opportunity.
However, training senior presidents and successors requires high trial and error costs.
Now, because of the three-generation succession issue, he wants to cut at least one-third of the senior presidents in the entire group.
There will definitely be a series of fluctuations and even errors in the middle.
This is all foreseeable and within the group's plan.
Chu Qiuyan's idea of asking him to take over as chairman of the group again was doomed to disappointment.
She only has two years left, and there are many things she needs to do during these two years, the most important of which is to train the next generation of successors.
If you want to train a person with a position like hers, not to mention the time, it will also waste a lot of money.
Both she and Zhang Wanyi rose up in this way.
Ordinary people have to pay trial and error costs when starting a business, and these people also have them.
At the Dream Fund headquarters, Chen Pingsheng not only explained the next arrangements for these president-level figures who had left, but also gave them extremely high freedom.
After achieving financial freedom, the meaning of life is not just work, it also has a broader sky.
This sky includes one's family, hobbies and everything else.
Making money is only one aspect of life, not everything.
After these people go to the Institute of Economics, they may need some time to adapt, as there is no need to punch in to go to work there.
You can leave work whenever you want, and no one will care what you do at work.
It is an extremely loose industrial economic research center.
Even he, the dean, is just a figurehead. If he doesn't have a figurehead, no one would be willing to call someone else the dean.
Just doing academic research without any practical cases will not be enough to convince the public, no matter how powerful it is.
After everyone else left, Chen Pingsheng asked Chu Qiuyan privately, "How is Chen Lu doing recently?"
"He's fine."
Chu Qiuyan said, "Only those at the CEO level in our group know his status. Everyone says Chen Lu is so down-to-earth that he's completely unlike your son. Many people have even suggested promoting him to a manager position in the investment department so he can get more training."
"Forget it."
Chen Pingsheng waved his hand and said, "I used the same method I used to train An An and Er Ya, giving him no less than 10 billion over three years. As a result, after three years, not to mention how much he has grown, his self-confidence has been greatly hit."
Chen Lu lived a very ordinary life in Shenzhen during his junior high school years, and went abroad in high school. At that time, Chen Pingsheng taught him for three years and gave him more than 10 billion yuan to practice investment.
Chen Lu's investment record can only be described as very average, far inferior to that of his two sisters.
Even his self-confidence began to be damaged.
Chu Qiuyan thought for a moment and said, "Uncle Chen, Chen Lu is quite interested in charity. You might consider letting him develop in this area."
Chen Pingsheng shook his head. "Charity isn't easier than making money. Let him stay with you for two years first. We'll see how he performs after that."
There were two knocks on the door.
The secretary came in with a folder and reported that the interview downstairs had ended. Mulan Qing asked him if he wanted to go back together.
Chen Pingsheng had nothing else to do, so he would only go over to take a look when this group of presidents reported to the Institute of Economics.
Mu Qingqing and Mu Lanqing were already waiting for him in the lobby on the first floor. After Chen Pingsheng came down, Mu Lanqing asked him, "Brother Chen, are you done?"
"It wasn't much to begin with. How was your interview?"
"Very satisfied. I didn't expect Mr. Li to be so cooperative."
Mu Qingqing said happily, "After the interview transcript comes out, the outside world will definitely have a clearer understanding of the third-generation succession issue of Tengying Group. It might even lead to a significant rise in the stock price."
"You are too optimistic."
Chen Pingsheng said, "Let's put aside the current external turmoil. The reason for this is the huge impact of Tengying Group itself. Most importantly, many companies don't want it to complete a smooth succession so quickly. Any large-scale power transition is not completed overnight. Investors will also adopt a wait-and-see attitude during this process. Many may even hope that the stock price will plummet so they can buy the dip again."
"Huh... your point of view is quite new. Aren't you also the vice president of Tengying Group who was eliminated before?" Mu Qingqing asked curiously.
"You're overthinking it. If I were the vice president, I would have let you interview me a long time ago."
"That's a shame."
Mu Qingqing asked him again, "According to what you said, does Tengying Group still have a long period of decline? If I buy at the bottom, will I make a lot of money?"
"The experts all died from bottom fishing, so go ahead!"
Chen Pingsheng advised her, "Don't think about those nonsense. Do you know how many listed companies the entire Tengying Group owns? There are so many that you can't even imagine. Do you think that when it comes to such a large-scale issue of excessive power, all these companies can get away with it?"
"I'll tell you the truth. If two-thirds of the companies can get through safely, we'll be considered quite good. The remaining one-third will most likely be eliminated by the market, either being sold or facing a major crisis due to internal strife during the transition of power between the old and new leaders within the group."
"That's impossible. Boss Li said they all withdrew voluntarily. How could there be infighting?"
"You're being naive, aren't you? The Mr. Li you're talking about must be Li Xiaoman. She's been with Chu Qiuyan for over twenty years, and has worked at Tengying Group for no less than twenty-five. She achieved financial independence alongside Chu Qiuyan right after graduating from university, and then followed the group's investment plans step by step. Do you know how much assets she has?"
"How many?"
"No less than 5 billion in business assets, not including the shares in the group she owns."
Chen Pingsheng said: "If you calculate Li Xiaoman's total net worth, it will not be less than 10 billion. Do you think that if she voluntarily withdraws, the management team that has always stood on her side will also willingly withdraw?
"Financially independent people might be okay, but the key is that she still has too many people who aren't financially independent. These people will do everything they can to prevent the smooth handover of power between the old and new in the group, and may even side with others again. Which vice president doesn't have a large group of people she once promoted? What you're seeing now is only the smallest part who have voluntarily withdrawn. There's still a large part that you can't reach, and they won't tell you their true thoughts.
"With this factor present, you have to make sure you're buying at the bottom and not at the peak."
"this……"
Mu Qingqing was speechless for a moment. She argued cunningly, "If you can understand this, then there's no way Tengying Group can't figure it out. How could they not be aware of this?"
"Tengying Group is definitely aware of this, but you've forgotten one thing. To outsiders, a listed company is already a behemoth, but to the entire Tengying Group, the collapse of a dozen or so affiliated listed companies in a year or two won't be a major blow. They've already made preparations and sacrifices when they took this step. It's just a matter of letting a dozen listed companies file for bankruptcy. It's nothing to Tengying."
"How is this possible?"
"Of course it's impossible. Cultivating new group successors and power inherently involves high trial and error costs. These cannon fodder listed companies represent the trial and error costs of the transition from old to new power."
Chen Pingsheng drove the Maybach slowly all the way. There was no way to go faster because there were cars all over the front.
Mu Qingqing tilted her head and thought about it, and suddenly felt that what he said made sense.
It's just that she doesn't want to admit it, and using the trial and error costs of replacing senior executives in dozens of listed companies is too expensive.
"Even if you're right, I don't think their first-generation founder would give up so many companies."
“Do you have a misunderstanding about the founder?”
"There's no misunderstanding. He's so smart, it's definitely not something you and I can see through."
Chen Pingsheng didn't pursue the topic further, simply saying, "After you finish writing your manuscript, it still needs to be reviewed before it can be released. Here's a tip for you: you can add your own personal touches to the manuscript. The stock price's downward fluctuation cycle will probably last between three to six months. During this period, whether you're buying the dip or shorting out, it's all speculation and can be considered gambling."
Mu Qingqing thought about it and felt that it made sense. She decided to talk about it after she returned.
The days passed slowly, and in the blink of an eye, a few days had passed, and Mu Qingqing's manuscript was soon published.
The words "business empire" were deleted, but the original interview content was retained.
This is both a statement and an explanation.
There are too many affiliated companies in the Tencent Film Group. If there is any fluctuation every day, the fluctuation will not be less than 10 billion.
This is not a virtual number, but the wallet in the pockets of investors.
A story about "Uncle Chen" has become familiar to the public again.
It’s a pity that apart from publishing this interview, Tencent Film Group has not made any further explanation.
It is even more difficult for outsiders to get a glimpse of what is going on inside.
Mu Qingqing's article became unique, which greatly increased her reputation among financial journalists.
I became famous and became the envy of many people.
On the other hand, Chen Lu was still working as a market researcher, so he naturally saw the news from the outside world. When he opened his phone, all he saw was Tencent Film news.
This has caused him trouble in his stock trading recently. Most stocks fluctuate too much, and sometimes they soar in a single day, making him earn hundreds of millions or even tens of millions.
More often than not, it plummets.
Chen Lu likes to speculate in the short term, and it is indeed very difficult to maintain stability under such circumstances.
Most people are in the same situation as him. The market is affected by the fluctuations of internal executives, and it has been going up and down all the time.
The overall trend is still downward.
The transfer from above has little impact on them, the employees below.
He and Zhao Kai sat on chairs beside the road.
Zhao Kai discovered a huge secret. Not only did he discover it, but all the departments under the Dream Fund had discovered it. It even became the most concerned topic of conversation after dinner, without a doubt.
"Fourth Brother, look at what's said in this interview article. Our founder's only son is actually working in the market research department of Dream Fund, just like us. Is this prince sleeping in the same dormitory with us?"
"It's indeed possible, Third Brother. If you were the prince, what would you do?"
"Me?" Zhao Kai said proudly, "If I were him, I would definitely seduce all the beauties in the world. With a father like that, what kind of beauty can't he seduce?"
"He's already married, and it's his ideal to find someone other than a woman."
"Married, to which young lady?"
Zhao Kai thought about it and said, "Since the beautiful woman has no interest in him, then of course he should do all the good things to make his name known to the world. Only then can he be worthy of his status. Otherwise, why do you think he has so much money? Can he spend it all by himself?"
"It's true that I can't spend it all. I think what you said makes a lot of sense."
Chen Lu stood up and patted his pants. This was the second time Zhao Kai had read this interview article. It would be a lie to say that he had no guesses in his mind.
Being a market researcher for the Dream Fund might seem like a good job to outsiders, but it was just too ordinary for that person.
Only with the status of a prince could he spend more than eight million yuan on a dinner for his colleagues without blinking an eye.
How is it possible for ordinary people?
Moreover, during his college years, Chen Lu was able to pursue the goddess Su Xiaoxi without doing anything, and even made her pregnant and took a year off from school to give birth to a child.
Su Xiaoxi spends millions of dollars on supplements at home, and she drinks them frequently.
With such conditions, even tens of billions of dollars would not be enough.
If Chen Lu wasn't the prince, he would broadcast himself stewing in an iron pot.
The most important point is that Chen Lu feels like he is at home in Tengying Group and can go wherever he wants.
He changed three jobs in half a year and all of them were seamless, and he could also travel with him everywhere.
How could this be possible if he wasn't the crown prince of the group?
It’s enough for Zhao Kai to know it in his heart, he won’t say it out loud. When Chen Lu says it himself one day, the meaning will be completely different.
Other departments might remain indifferent, but their market research department became the hottest public opinion center in the entire group within a day.
Even the unmarried and beautiful girls in the group often come to see them.
Every time there is a meeting, there will be a large group of employees waiting outside. If you ask them why, they all want to see the true face of the prince.
Chen Lu was ignored the fastest because he was too ordinary and no one knew his past.
No matter how big the news was, no one dared to use such false information to pursue colleagues in the group.
If any market researcher is found to have the guts to pursue a girl in front of the founder's only son, even if there is just a hint of it, he will be dealt with immediately.
Chen Lu also deeply understood what it meant for a giant to turn around and shake the earth.
(End of this chapter)
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