I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 278 Yang Chenhao's Inhumane Distribution of Year-End Bonuses
Since Yang Chen rarely comes to Beijing, the heads of suppliers in Beijing and the heads of companies that cooperate with Sihai Group and Xingchen Group are naturally eager to meet him.

Cao Wei, CEO of Weibo; Xue Hai, CEO of Beijing Construction Engineering Company; Li Hong, CEO of Baidu Group; Wang Xing, CEO of MiTuan Group; Zhang Wei, CEO of Bilibili Mobility…

So many business leaders that people usually only see online suddenly showed up, and SKP was quickly packed with onlookers.

"Holy crap, Mr. Yang is truly a top influencer; he's even caused such a traffic jam at SKP."

"This is the first time I've seen so many big shots come to flatter one person. This is the kind of prestige only top-tier big shots have."

"It seems that it's not just us who are following Mr. Yang, but other bosses are too. That's what word-of-mouth is all about."

……

As the crowd grew larger, Yang Chen suggested going to a restaurant to talk in order to avoid any unnecessary accidents. The bosses readily agreed, and then Mr. Liu, who was hosting the evening, took everyone to the Beijing Grand Hotel.

Yang Chen said with a smile, "There are quite a few CEOs here today. I don't know if you all have something to say to me. Let's assume you all have something to say to me. To give everyone time to speak, let's start now. Today, Mr. Liu is hosting, so let's start with him. Mr. Liu, what do you want to talk to me about? Tell me now. Is it convenient? If not, let's go outside to talk."

Mr. Liu immediately stood up and said, "Convenient, convenient. I've been wanting to talk to Chairman Yang about this for a long time. Chairman Yang can now manufacture cars, and his driver assistance system is at level 4. I'd like to commission Chairman Yang's company to build a batch of driverless delivery vehicles for us. I wonder if this idea is feasible?"

The vehicles and self-driving cars are not the problem, but delivering packages really tests the capabilities of AI.

Yang Chen replied, "It shouldn't be a big problem. Are you guys at Jingdong Express going to use unmanned delivery?"

Mr. Liu explained, "My plan is to use unmanned delivery in easily accessible locations such as shopping malls, office buildings, and residential areas, and then expand the delivery range of human couriers to suburban and rural areas. This way, we can expand the business scope without increasing costs too much, and also ensure that the number of human couriers is not reduced."

Yang Chen nodded and said, "Hmm, it shouldn't be a big problem, I should be able to do it. Is there anything else?"

Mr. Liu shook his head, turned to Luo Jun, and asked, "Mr. Luo, it's your turn. Is there anything you want to discuss with Chairman Yang?"

Luo Jun quickly said, "It's like this, we want to spin off our overseas business into a new company and hope to invite Chairman Yang to become a shareholder. Chairman Yang doesn't need to contribute capital, he just needs to contribute his name."

Douyin CEO Zhang Yuming said, "Isn't this just like Vavo phones, trying to intimidate foreigners with Chairman Yang's reputation? Vavo just gave Chairman Yang 20% ​​of its shares, how much are you planning to give him?"

Luo Jun immediately replied, "Then I definitely have to give 20%, it can't be less sincere than our competitors. Chairman Yang, what do you think? We really want to expand our business in the Middle East and Africa, but those places are just too chaotic. If Chairman Yang is there to oversee things, those people definitely won't dare to make any rash moves."

Vavo has already helped Yang Chen a lot, and Xiaomi even let Yang Chen use the phone's design patent for free, so naturally Xiaomi should help him out as well.

Yang Chen said he would lead Chinese companies to go global, and he definitely didn't just talk the talk.

"Great! Thank you, Mr. Luo, for the shares," Yang Chen said with a smile.

Luo Jun quickly said, "Haha... I should be thanking Chairman Yang for accepting our shares. Thank you, thank you."

Next up is Zhang Yuming, the CEO of Douyin. His request is similar to Luo Jun's. He wants Yang Chen to hold more shares in TikTok to ensure the security of TikTok overseas and to help expand into overseas markets.

According to Zhang Yuming's plan, he intends to apply for a private placement to Yang Chen as the major shareholder, thereby legally increasing Yang Chen's shares, and then the foreign shareholders will have no objections.

However, this would mean that Yang Chen would have to put up real money to increase his holdings, and Zhang Yuming was worried that Yang Chen would not be willing to pay.

Since acquiring shares in TikTok, Yang Chen has profited handsomely from the platform; at the very least, his retaliatory livestreams have been a great help to him.

Without TikTok, foreign platforms wouldn't allow Yang Chen to freely broadcast those retaliatory actions.

If given the opportunity, Yang Chen would also like to buy YouTube, Twitter, and other platforms.

For the past few decades, the West has controlled the discourse, and whatever they say is law, with other countries having no way to refute or clarify it.

Now that TikTok has finally emerged and can break down their public opinion barriers, Yang Chen is willing to invest real money to increase his stake in TikTok if he can increase his influence over it.

“No problem. Let me know when you’ve done it, and I’ll use the money to buy more shares,” Yang Chen said.

Zhang Yuming happily said, "Great! Thank you for your support, Chairman Yang. I'll get it running as soon as possible, and I hope that under Chairman Yang's leadership, TikTok can cover the whole world in the future."

Following that, the other CEOs all spoke to Yang Chen about their requests. Some asked Yang Chen to give them some orders, some asked Yang Chen to give them a chance to cooperate, and some hoped that Yang Chen could become a shareholder.

To put it bluntly, they all want to get involved with Yang Chen. With this connection, they won't have to worry about being scammed, whether they're in China or abroad.

Given Yang Chen's current wealth and status, he naturally wouldn't care about the benefits of their cooperation. However, he genuinely wanted to help everyone develop healthily and steadily. But he didn't want to leave empty-handed, so he had no choice but to accept their request and take the benefits they offered, which made everyone feel more at ease.

The banquet lasted until 3 a.m., and Yang Chen went back to the hotel and immediately went to sleep.

At 10:00 a.m., the chartered plane took off on time to return to Jiangcheng.

This trip to Beijing was very fruitful. Yang Chen not only won the State Top Science and Technology Award, but also secured many orders for his company.

What Yang Chen was most concerned about was the 1 unmanned delivery vehicles ordered by Jingdong. If he could perfectly manufacture vehicles that met the requirements, Xingchen Motors could boldly commercialize the field of autonomous driving.

Yang Chen called over Chen Yihang, the current president of Xingchen Motors, and described in detail the specific requirements of Jingdong's unmanned delivery vehicle, asking him to design several versions as soon as possible for Jingdong to choose from.

Yang Chen emphasized that this order is very important, as it is a significant step for Xingchen Motors towards the commercialization of autonomous driving, and also a very valuable opportunity for practice.

Chen Yihang assured Yang Chen that he would take the order seriously and design at least three versions for Jingdong to choose from as quickly as possible.

Chen Yihang then reported the situation of the Virgo Ultra sports car to Yang Chen.

“The road testing of the Ultra is nearing completion, and all the data meets our expectations. We have also had race car drivers test it on the track, and the top speed reached was 515 km/h. However, according to our engineers’ testing and analysis, this is not the maximum speed. The maximum speed should be able to reach 550 km/h. It’s just that our race car drivers can only go this far. If we want to test the maximum speed, we will have to find someone else.”

Yang Chen nodded and said, "Call Jessica and ask her to find a better driver from Europe. As long as he can run over 5:30, we can arrange a race. Last time, the European car company boss used a Bugatti to race our commuter cars. This time, I want to use a real sports car to have a fair duel with their sports cars. This time, it will still be broadcast live globally. We can only win, we can't lose!"

Chen Yihang quickly replied, "Understood! Is there anything else you need to tell me, Chairman Yang? If not, I'll go back to work now. I'll report to you as soon as there are any new developments."

Yang Chen smiled and waved his hand, and Chen Yihang left immediately.

Yang Chen asked Jessica Ribery, the president of Xingchen Motors' European region, to find a better driver, and she was really straightforward, directly approaching Hamilton.

Hamilton is asking for €500 million, not a penny less.

Jessica immediately called Yang Chen to ask if it was possible to accept 500 million euros to hire Hamilton to run a race.

Yang Chen said with a smile, "Tell him that if he can run at a speed of over 530, I will accept his offer."

Jessica replied, "Okay, I know what to do."

Jessica immediately contacted Hamilton to come for a test drive. If he could drive the Virgo Ultra to over 530 km/h, the two parties would immediately sign a contract for 500 million euros. The next evening, Jessica called Yang Chen again.

“Mr. Yang, good news, good news! Hamilton ran 8 times, 30 laps each time, and 6 of them ran over 5:30, and 2 of them even exceeded 5:45. How about we give him 5 million euros?” Jessica said.

Yang Chen laughed heartily and said, "Then he should earn this 5 million euros. Sign a contract with him immediately, and then contact the European car company bosses for another fair competition. I'll pay the prize money this time; the first place winner will receive a 10 million euro prize. Make a big splash so they won't dare to refuse."

Jessica smiled and said, "Understood! Mr. Yang, just wait and see the news, I'll get right on it."

With another year coming to an end, it's time to give the employees their year-end bonuses.

Last year's income was quite good, so in accordance with Yang Chen's work style, he naturally had to give his employees more rewards.

Yang Chen signed the documents and approved huge year-end bonuses for all companies in the Sihai Group and Xingchen Group.

At the same time, Yang Chen also formulated distribution principles: the year-end bonus of technical backbone personnel shall not be less than the total salary of the previous year, the year-end bonus of grassroots employees shall not be less than half of the total salary of the previous year, and employees with great contributions shall be given additional bonuses of different amounts.

The minimum wage for employees in both the Sihai Group and the Xingchen Group exceeds 10,000 yuan, and even the lowest-level employees receive an annual bonus of no less than 60,000 yuan.

For ordinary workers, this is a huge sum of money.

After deducting these amounts, the company executives divided the remaining amount among themselves.

Each company president's year-end bonus is calculated separately and is allocated from the group's account.

Sihai Intelligent received a year-end bonus of 200 billion yuan, Sihai Electronics received a year-end bonus of 30 billion yuan, Sihai Medical received a year-end bonus of 300 billion yuan, Sihai Auto received a year-end bonus of 80 billion yuan...

These year-end bonuses are paid from their respective company accounts and are included in the previous year's financial statements.

The amount given by Yang Chen is the minimum requirement; the actual amount paid can only be more than this amount, not less.

After receiving the documents signed by Yang Chen, the presidents of each company immediately planned how to distribute the bonuses according to his requirements.

After each company plans its bonus distribution method, it submits it to Yang Chen for review. Once Yang Chen signs and approves it, it is immediately announced and implemented.

Sihai Intelligent was the first to issue an announcement.

"As instructed by Chairman Yang, our company will distribute year-end bonuses to all employees. The total amount of year-end bonuses distributed this time is 255.45 billion Dragon Coins, benefiting 258965 employees. Among them, ordinary employees will receive a year-end bonus equal to half of their total annual salary, while department managers, key technical personnel, and R&D staff will receive a year-end bonus equal to their total annual salary. The year-end bonus for the company president, Ms. Huang Wei, will be funded by the group and is tentatively set at 1 million Dragon Coins."

Sihai Electronics then issued an announcement.

"As instructed by Chairman Yang, our company will distribute year-end bonuses to all employees. The total amount of this year-end bonus is 408.78 billion Dragon Coins, benefiting 523786 employees. Ordinary employees will receive a year-end bonus equal to half of their total annual salary, while department managers, key technical personnel, R&D staff, employees with outstanding performance, and employees with meritorious service will receive a year-end bonus equal to their total annual salary. The year-end bonus for the company president, Ms. Chen Lan, is tentatively set at 1 million Dragon Coins, which will be allocated by the group and is not included in this calculation."

Subsequently, Sihai Medical, Sihai Real Estate, Sihai Property Management, Xingchen Automotive, Xingchen Military Industry...

All companies under Yang Chen's Sihai Group and Xingchen Group have released year-end bonus announcements.

The total amount of year-end bonuses, which are in the tens of billions, has once again stirred up a storm among netizens.

"Oh my god, is this a year-end bonus or just throwing money around? What kind of good company would give out year-end bonuses like this? The boss is crazy. Our boss was like he was going to die when he got a thousand yuan."

"Ordinary employees can receive half a year's salary, and their salaries have been increased several times to over 1 yuan. Doesn't that mean that ordinary employees can also receive a year-end bonus of 6 yuan? That's almost two years' salary for me. How can I work like this? I'm not going anywhere for the New Year. I'll just focus on preparing to get into the Sihai Group or Xingchen Group as an employee."

"I'm so jealous! My company only gave my top salesperson a year-end bonus of 3 yuan, which is only half of what the average employee gets. I instantly felt uncomfortable. We're both bosses, so why is there such a huge difference in how people are treated?"

"Holy crap, the year-end bonus is higher than the turnover of more than 99% of companies nationwide. The business must be doing incredibly well. When is Boss Yang going to hire again? I'm definitely going to take the exam and apply this time, no matter what, nobody can stop me."

……

Major media outlets are vying to report on the outrageously generous year-end bonus standards of companies in the Sihai and Xingchen groups.

People's Daily: A series on "Other People's Bosses"! Today, companies under Mr. Yang Chen's Sihai Group and Xingchen Group released their year-end bonus announcements, quickly igniting the internet. According to the announcements, even the most ordinary employees will receive half of their total annual salary as a year-end bonus, while key technical personnel, R&D staff, and senior executives will receive their entire annual salary. It is rumored that the salaries of even the most ordinary employees in Sihai and Xingchen Groups exceed 1 yuan, meaning each of them could receive a year-end bonus of no less than 6 yuan. This amount is higher than most people's annual income, no wonder it has aroused envy across the internet.

Subsequently, a series of authoritative media outlets, including Beijing News, CCTV News, and Caijing News, reported on this matter.

Yang Chen's way of distributing year-end bonuses has left other business owners in a difficult position.

Other companies don't make as much money as Yang Chen's company, and they are completely unable to pay year-end bonuses according to the annual or semi-annual salary standards.

Therefore, business owners filed complaints with government departments against Yang Chen for disrupting market order.

Everyone knows that Yang Chen's company is profitable, but that doesn't mean that other companies are as profitable as his. It's understandable that he gives out more year-end bonuses to his employees, but he can't be so ostentatious. Why not just distribute them quietly?

How will other companies retain their employees if things are done this way?

There are so many employees in the entire Longguo who need to work and eat, and so many companies that need to survive. No matter how powerful Yang Chen is, he cannot bear the burden of these companies and employees all by himself.

Therefore, relevant departments at all levels should still inquire about this and remind Yang Chen to keep a low profile.

Sure enough, Huang Zhenhua called Yang Chen.

"Chairman Yang, congratulations! Congratulations! Last year's profits were pretty good, weren't they?" Huang Zhenhua said with a smile.

Yang Chen was a seasoned veteran, so he naturally understood what Huang Zhenhua meant by those words and what he wanted to achieve by making that call.

"What, did they complain about me again?" Yang Chen said directly.

Huang Zhenhua laughed heartily and said, "Yes, they all say they can't afford to play by your distribution standards, it's making their employees uneasy. Other cities have also called to communicate with me, hoping you can be a little more low-key. It's fine if you distribute year-end bonuses this way, but don't be so high-profile, just distribute them quietly. We also need to consider the big picture, and we hope Chairman Yang can understand."

Yang Chen laughed and said, "I think we shouldn't be low-key, we should be high-profile. Those bosses are rolling in money, but their employees are struggling more and more. Year-end bonuses can be seen as a means of redistributing wealth. If we can force other bosses to increase year-end bonuses, then ordinary employees will earn more, and more wealth will be transferred from the bosses to the employees. I know those bosses too well. They plan to earn 200 million, but they only earn 100 million, and they still say they lost 100 million. They even try to find ways to legally avoid taxes, and even ask the government for tax refunds and preferential policies. They are too greedy, and it's time to make them give back more."

Huang Zhenhua said, "Chairman Yang's idea is indeed good, but what if doing this causes some companies to go out of business?"

Yang Chen analyzed with a smile: "As long as the demand remains, if you can't continue, I will naturally fill the gap; if I can't continue, others will fill the gap. As long as there is money to be made, there will definitely be investors to fill the gap. For employees, it's just working for different bosses; for government departments, it's just collecting taxes from different bosses. There's no other difference. Moreover, the bosses who enter the market later will definitely be more conscientious than the previous bosses, otherwise their companies wouldn't be able to succeed. Isn't it good to eliminate some bad bosses? The promise of the rich helping the poor is about time for the rich to fulfill their promise."

After listening to Yang Chen's analysis, Huang Zhenhua felt that it made a lot of sense.

"What Chairman Yang said makes a lot of sense. I don't know what else to say. Let's leave it at that. Just pretend I never made this call. Bye," Huang Zhenhua said with a smile.

(End of this chapter)