Those Years When I Was Forced to Top the Forbes List

Chapter 135 Set sail and set sail!
Ten minutes later, New York 45.

"Yo!"

"Yo yo yo!"

"Who is this? Yin Xin, why did you let a stranger into our office again?"

Chen Xuebing stopped a well-dressed girl in a white dress and black stockings and made loud jokes in front of her.

The people in New York City were all bored and stared at the two of them, laughing.

Yin Xin quickly stepped in front of the girl and said irritably:

"Mr. Chen, stop teasing Sister Ying! I went with her to pick out this outfit, and she was already a little embarrassed to wear it!"

At this moment, Ren Ying had removed her braces and glasses, her hair was slightly permed, and her white suit accentuated her figure. Her image was completely different from before.

With the subtle makeup that Yin Xin helped her apply, she was already a rather outstanding white-collar beauty.

Chen Xuebing put his hands on his hips and looked him over with a smile.

Hmm, she's not like Lin Wudi anymore, she's Du Lala now.

He had long noticed that Ren Ying had a good foundation and had encouraged her several times, telling her she should dress up nicely.

There was nothing romantic involved here; Chen Xuebing has never had any ulterior motives towards women he comes into contact with at work.

However, as his assistant, image is very important.

"Straighten your back a bit, be more confident. We're about to establish a holding group, and you're a founding member, a valuable defender, who's entitled to incentive bonuses. Why are you letting a goalkeeper block your way?"

"Who's the goalkeeper?!" Yin Xin also put her hands on her hips, puffing out her cheeks in anger.

Upon hearing this, Ren Ying straightened her back and revealed a serious expression.

"Mr. Chen, I haven't made any contribution to the company's development. I'm just doing things for you. I don't want any dividends."

She is well aware of the company's current size and profits, and dividends are no small matter.

Last time in New York, there was a 45% bonus, with each person receiving 10,000 yuan. She and Jiao Gui both received a share. When the construction site arranged for everyone to receive red envelopes, the two of them received several hundred yuan more. As someone close to Chen Xuebing, she was never ignored, and people from various companies respected her. Her treatment was already quite generous.

She strives to change herself, just to gain this sense of deservedness.

If she received any more treatment, the pressure on her would be too great.

"It's boring." Chen Xuebing shook his head. Ren Ying was too serious; she wasn't as fun as Yin Xin.

Stock options and profit-sharing incentives are definitely in order, and all the veterans who worked with him will receive one. If a company that is about to go public cannot even create a group of wealthy people, and he is the only one who becomes rich, it is undoubtedly a failure.

If even the veterans don't own shares, who will have any expectations for the company? Those who can make money will rush to grab it, right? How can the company remain stable?

"Alright, since you're here, notify the Shenzhen management to gather at the Octagon Building. We'll connect via QQ video in half an hour for a meeting."

Lu Yiwen and Gou Hongyi felt that the name Henggang Building was not impressive enough, so they called the octagonal building the Octagon Building, to rival the Pentagon in the United States.

……

Zhang Qingzhong and Tang Qiankun were taken aback when they arrived.

The two were a little nervous when they signed the contract, mainly because this General Manager Chen was too boastful. He didn't have much engineering business, but he immediately wanted an office for 200 people and to establish a real estate business group to develop in Shenzhen.

The core business of a construction company consists of numerous outsourced project teams. If each office has 200 people serving it, how much business must it handle?
The headhunter told them it was a reputable company, but didn't go into details, not even mentioning the company's name. They thought the headhunter was too short-sighted, but after going upstairs and taking a look around, they realized where the company's strength lay.

A financial company!
Tan Hailiang was filled with deep regret.

When General Manager Chen recruited him at the construction site, he even said he would arrange a management position for him in the future, but he dismissed it with disdain.

Who would have thought that "later" would come so soon!

Now, when meetings are held at the big round table, he doesn't even have a position; he can't even get on the table!

Tan Hailiang sat awkwardly to the side, and Chen Xuebing ignored him.

To get a seat at this table, one must either be loyal or capable. Tan Maoshui followed him from scratch and worked in Furong Village for several months. They spent every day together, and although he talked a lot, he helped him cover a lot of debts. Tan Maoshui will still have a position in the construction company.

As for Tan Hailiang, we'll see if his cousin Tan Maoshui will promote him in the future.

Ren Ying connected Chen Xuebing's laptop to the network cable and placed it on the round table. The webcam, which came with the computer, was clipped above the screen. QQ video opened quickly, and several heads appeared on the other end, sitting in a group, like a village watching TV in the 90s.

Lu Yiwen, Gou Hongyi, Huo Xiaowen, Huang Jin, Qi Guangming, Gao Shu.

"Can you hear me?" Chen Xuebing waved and greeted him.

"I can hear you!"

QQ's video function has been around for a few years, and the technology is mature. It's just that the camera on that side isn't very good; the video is a bit blurry when it moves, but the audio is very clear.

"Alright, everyone from the three companies is here. Let's have a formal meeting today. The main topic of the meeting is the resolution on the establishment of the holding group. Ren Ying, please take notes and send them to the leaders of each company after the meeting."

As soon as these words were spoken, everyone in the hall and on the video sat up straight, and even the traders at the various workstations next to them looked over when they heard the voice.

Ren Ying had prepared a small notebook, but upon hearing this, she quickly ran to her workstation and found a formal meeting minutes notebook.

Chen Xuebing had been waiting for this day for a long time. Now, the management systems of various companies have been largely completed, and the relevant companies providing supporting services for the procedures are also in place. He didn't want to delay any longer.

Only after confirming that everything was ready did he sit up straight and begin to speak.

"First of all, as the absolute controlling shareholder and general manager of Chongqing Gu'an Construction Labor Service Co., Ltd., Shenzhen Pokong Technology Co., Ltd., and Changzheng Capital Co., Ltd., after discussions with Lu Yiwen, the second largest shareholder of the company, I hereby announce the following resolution."

"In accordance with the 'Regulations on the Registration and Administration of Enterprise Names,' Chongqing Gu'an Holding Company was established, and the equity of three companies was merged into a holding subsidiary. At the same time, an application for the establishment of a group was submitted, and the name was changed to Gu'an Holding Group."

After he finished speaking, everyone perked up.

Group and subsidiary – these are two terms that are familiar yet unfamiliar to everyone.

Chen Xuebing was also a little excited. In his previous life, he had never run a group company. He checked the management and tax regulations revised in 2005 and consulted an agent. He found that he had met the national group registration requirements of 50 million yuan in registered capital and three subsidiaries, so he decided to directly establish the group.

The company is tiered: national, provincial, and municipal. The regional prefix should be added to the company name according to the level.

His labor and technology companies are both regional companies, while Changzheng Capital has a high registered capital and has been directly registered as a national-level company, or a joint-stock company.

At the national level, this is a direct certification of strength, and bidding, financing, and other processes are not subject to local rules.

With a total capital of 5000 million, a national-level group can be established.

Another advantage of forming a group is that funds can be lent to companies within the group free of charge.

It's important to understand that company money cannot be moved around casually, as it involves tax clarity. This is essential for the company's future IPO, and the company's accounts must be properly maintained. He moved the money around, and each time he made Ren Ying write an IOU. Sometimes, the loan period was long, and the interest had to be specified. When the funds were returned to the account, interest and corresponding value-added tax had to be paid.

This regulation allows his funds to move freely, saving him a lot of trouble.

"Second, announce the equity division."

"I will contribute 15% of the shares of each subsidiary to establish a talent incentive equity pool in each subsidiary. The equity pool is currently held by me on behalf of the subsidiary. The equity incentive plan will be formulated and issued by the group. In the future, the management of the subsidiaries will submit the incentive list every quarter according to the plan, and the incentives will be distributed after the group makes a decision."

"Tell me about this equity pool and benefits."

Chen Xuebing leaned back in his seat, his tone slowing down.

"15%, I've really bled myself dry, so I'll use it sparingly. Only employees who have made significant contributions and management with historical achievements can receive it. In principle, only dividend rights will be issued, and the incentives will be adjusted regularly. Of course, before each company prepares for its IPO, it will also reward everyone with some stock options from the equity pool, so that everyone has the opportunity to become a shareholder of the company."

"The Group's welfare system for ordinary employees mainly comes from wages and bonuses."

"The company's management and employees will be divided into three types of positions: administrative, sales, and technical, which will be represented by the first letters A, S, and T respectively. The compensation and bonuses will be divided into 15 levels. For example, an intern who has just entered the administrative position is A1, and a full-time employee who has passed the internship period is A2."

"Sales positions have high turnover, with a 2%-3% profit commission, generally not exceeding 5%."

Upon hearing this, everyone began to look around.

There's a commission? Then who's considered a salesperson?

The traders listened intently, their hearts pounding.

This involves large sums of money flowing in and out, and profit sharing...

Chen Xuebing smiled and said, "No need to think about it. Everyone here is in the A position. You should aim for equity. Changzheng Capital only has A and T positions, not S positions. There will be special regulations for special commissions."

A chorus of sighs filled the air, and many people shrank by half a head.

Only Wu Zisheng sat upright, his eyes filled with anticipation. He realized what President Chen was about to say, and he too had been drawn in by this topic. "Knock knock."

Chen Xuebing tapped the table: "Don't be disappointed. Next, I'm going to propose a special salary regulation that will be rare and difficult to replicate in any company in the country."

It's quiet now.

Chen Xuebing then solemnly said:
“All employees in positions A and T will have a seniority multiplier, calculated from the date of employment. For each full year of service, their salary and bonus will be multiplied by 1.1.”

"Two years is 1.21 times, three years is 1.331 times, and so on. I've calculated it for you. If you work in this group for 10 years, your income will be 2.6 times that of your peers at the same level. After 20 years, it will be 6.7 times, with the highest multiplier being 20 years."

"This is a universally beneficial reward system for long-term employees."

Fryer.

Everyone's eyes were filled with shock.

Aside from the implied meaning, everyone at this table is highly educated; no one can misunderstand it.

"Holy crap!" Lu Yiwen shouted from the other end of the computer: "Boss! 6.7 times, that's terrifying! Which company can afford that?! A salary of two thousand, they'd have to pay ten thousand..."

"Thirteen thousand four!" Gou Hongyi shouted from the side.

Chen Xuebing raised his hand: "I know how much it is, you don't need to calculate it."

He scanned everyone with his eyes and continued:

"How many people can stay at one company for 20 years?"

"What about our company? Can it survive for twenty years?"

"Twenty years from now, if you're still in this company, will you be out of touch with life?"

The three questions left everyone deep in thought.

Only Zhang Qingzhong was drinking water from his cup.

He's 66; whether he can live another twenty years is uncertain.

Even if it's only for three years, a 1.3 times salary increase is still a huge temptation, which means tens of thousands more a year.

Thinking about it this way, his old heart started to pound, and he couldn't help but calculate how many years he could work and how much he could earn.

He suddenly realized something and chuckled.

This young man is impressive.

Chen Xuebing paused for a moment before continuing to explain, his tone not loud, but rather somewhat heavy.

"My decision actually puts more competitive pressure on everyone."

"This represents a very rigorous evaluation mechanism. Many people cannot stay with us for a long time. We will retain the absolute elites and eliminate most of the less outstanding employees to maintain the group's youth and vitality."

"You may be among those who are eliminated, so I hope you don't just sit around doing nothing and take up your positions without doing anything."

After this explanation, everyone understood a little better.

The longer an employee is, the greater the pressure they face!

Why would the group just keep someone who earns more than six times the salary of their peers?

How many people can work for a full 20 years?

Let alone 20 years, even if you've worked for 10 years and are earning two or three times your salary, which long-term employee would dare to slack off?
What a fucking wolfish culture!

Chen Xuebing felt conflicted. He had made this decision after careful consideration. There were very few companies in the country that could maintain their vitality for 20 years. Even if he made the right decisions all the time, it would be in vain without sufficient execution and passion for his work.

What he wanted was a dynamic, energetic company that would feel new to everyone even 20 years from now.

However, the people in front of him were all new employees, and he didn't want them to lose hope because of this system.

He gradually revealed a relaxed smile and said in a teasing tone:

"Don't think I'm a exploitative person. I'll still give you a period of adjustment. You're all aiming for equity. Once you go public, you'll all be financially independent. This mechanism is absolutely beneficial to ordinary employees. Everyone can work hard in their prime, putting in double the effort. Who says you have to work until 60 to retire? With this mechanism, a recent college graduate can save up what others take 60 years to accumulate in 18 years by working from age 22 to 40. After leaving the group, they'll also receive a substantial security deposit. 40 isn't old at all. Life offers two choices: enjoy life and spend time with family, or start your own business if you're not content with the status quo. You have the foundation for both. I firmly believe that those who graduate after 18 years of learning from our group will be pillars of society. Of course, it might also produce a group of people who retire early at 40 to enjoy life."

Everyone laughed.

Although it wasn't easy, it was definitely worth it.

This kind of company is a perfect choice for hard-working people.

Chen Xuebing coughed lightly, tapped the table, and refocused his attention.

"Specific salary regulations will be formulated after the group's staff is gradually improved. In the next few months, we need to recruit a large number of talents. I have already contacted headhunting companies to recruit technical personnel in Shenzhen. You have a heavy task to complete. You need to establish a mobile phone R&D department. In addition, your departmental structure also needs to be improved. I will go there next month to build your management team."

When it comes to management teams, everyone remembers one thing.

Each company only has a vice president, not a president.

Wu Zisheng frowned: "President Chen, you are the chairman of the group and also serve as the president?"

"Yes, for now."

"Then... you're not suitable to be the general manager of three companies at the same time, are you?"

Chen Xuebing raised his eyebrows; he had no choice but to face this daunting task.

He currently lacks suitable candidates to serve as the company's general manager.

The position of the top leader is too crucial; the highest decision-maker should devote at least one-third of their energy to this person.

All three of his companies are aiming to become industry leaders, and if he were asked to choose a specific full-time position, he would rather choose to work for himself.

Perhaps he already has the names of some people in his mind, but he can't reach them now, which contrasts with the talent he currently has.

For example, he has an extremely suitable candidate for the position of group president.

A McKinsey management consultant and the chief operating officer of the TMT group at Goldman Sachs Asia Investment Banking Division, he was top-notch in management, operations, investment, and execution. He single-handedly propelled an internet giant onto the path of capitalization and earned a salary of up to 3 million yuan per year, earning him the title of "Asia's King of Employees."

This person is now the president of Tencent.

Liu Chiping.

Tencent is already listed in Hong Kong, and as the president of a listed company, he really doesn't have many advantages to attract customers.

But this person kept echoing in his mind. It was like he had fallen for a girl he liked. If it were anyone else, it would just feel wrong.

“Hmm… I think our holding group should have three management models.”

Chen Xuebing didn't speak directly, but instead talked about management.

"The first type is the operational control model, where the group's management of its subsidiaries extends to the execution level of business processes."

"The second type is the strategic management model, where we set the strategic direction and the subsidiaries are responsible for developing tactics and operational plans."

"The third type is the financial control model, where the group manages its subsidiaries based on their financial performance, sets revenue targets for you, and monitors and audits your financial status."

After saying that, he looked up and glanced at everyone.

"Which model do you think is more suitable for your company at present?"

Looking at each other.

Xu Jin coughed and said, "I think Mr. Chen needs to pay more attention to our specific implementation, otherwise, given the stock market situation this month, we will definitely suffer a huge loss."

Gou Hongyi, sitting on the other side of the computer, wanted power, but as soon as he dared to speak, Lu Yiwen behind him would give him a hard time, making him realize his limitations.

Liang Hui from the labor service company shook his head: "Boss, you decide. I'm just an apprentice."

Chen Xuebing nodded. This was one of the advantages of having several brothers take on deputy positions; at this stage, they were basically guileless, which suited the centralized power structure of the early development phase.

He was also at ease with the financial transactions.

"Then I'll take on the role for now. I'll draft and issue the company's management charter and rules soon. You vice presidents, study hard, respect the experts, improve your personal abilities, and ensure that all regulations are implemented properly."

(End of this chapter)