Vicious dogs in Hong Kong, entrepreneurs practicing evil cultivation
Chapter 8 Acquisition of Wanggou Daily
Kowloon Peninsula, Yau Tsim Mong District.
Chen Guanjiang acquired "Wang Gou Daily" for HK$12, injected HK$1 in capital, and renamed it "Hyena Daily".
Kinosun Media invested HK$8 for a 70% stake;
Golden Harvest invested HK$5 for a 30% stake;
At first, Zou Wenhuai disagreed with choosing this name.
What kind of weird name is "Hyena Daily"? Helplessly, Chen Guanjiang insisted, so they had no choice but to let it go.
The former boss gathered all the employees, gave a brief explanation of the situation, and then left, leaving a group of employees looking at Chen Guanjiang blankly, feeling that their future was as bleak as the puppy in his arms.
"Good afternoon, everyone! Let's get to know each other quickly! I'm Chen Guanjiang, your new boss..."
Chen Guanjiang observed everyone's reactions: some were disdainful, some contemptuous, some indifferent, some completely oblivious, and some even seemed lost in thought. The only thing lacking was the respect one should have for their boss. He continued:
"Let me be clear from the start! I know some people might have ulterior motives after seeing my age, and I advise everyone not to have such thoughts..."
Of the entire newspaper office, only the boss was new, and he hadn't placed any of his so-called "insiders" in the company.
Not to mention that childlike face, which practically screams "easy to fool".
In such situations, even if middle and senior managers with authority don't have any ideas, it's hard for them not to have some. Never test the good and evil in human nature with your own interests.
Of course, regardless of whether he has the idea or not, Chen Guanjiang needs to take this opportunity to give them a warning and establish the authority he should have as a boss.
"Boss, what do you mean by that? Do you think you are not in front of us?"
“…………”
As soon as he finished speaking, the employees began to whisper among themselves. The one in the lead even spoke up directly, seemingly very dissatisfied with Chen Guanjiang's attitude and tone when he spoke to them.
Chen Guanjiang chuckled and said, "If you don't understand, that's fine. There's no need for you to understand anyway; you're fired!"
"You want to fire me? On what grounds?"
“…………”
These words immediately stirred up a hornet's nest, with employees gossiping amongst themselves. The one who was fired was particularly furious and kept pressing for answers.
Attitude is more important than ability, and dedication is more important than experience. This is not to say that ability and experience are unimportant, but rather that attitude and dedication are more important. Moreover, these are not inherently contradictory.
"I don't need to explain to you. Pack your belongings and leave, then find a lawyer to sue the newspaper, because I will not provide any severance pay."
Chen Guanjiang continued, "Of course, I will also hire a lawyer. As long as you can afford to drag this out indefinitely, we can continue fighting until the court enforces the judgment."
"You think you can do this? I'll sue you until you're broke!"
“…………”
"Anyone else want to fire a cannon? You can do it right now! Hydration? Don't even think about it!" Chen Guanjiang ignored the guy and instead lectured the other employees present.
As I looked around, no one dared to look me directly in the eye, which was good.
With the newspaper changing hands and its future uncertain, especially seeing how young the boss was, Chen Guanjiang knew they were filled with worry and could sympathize with their concerns.
It is perfectly normal for the newspaper staff to not believe in his abilities and to want to find another job because he is too young.
However, Chen Guanjiang did not buy the newspaper to become a lone commander. If he cannot demonstrate the ability to revive the newspaper, employees will likely leave one after another.
Normal resignation is already unacceptable. If everyone could get severance pay by publicly arguing with the boss like this guy, it would encourage other employees to follow suit, and the company would lose its authority.
Hong Kong's economy has maintained a high growth rate of around 9% for two decades. Ordinary people are not the biggest beneficiaries of economic growth, but they find it very easy to find jobs.
Under the same conditions, even if the salary is slightly higher than that of other newspapers, job seekers will not choose to join the company if they see the boss's age.
Youth is a double-edged sword; it is both an asset and a disadvantage.
At that point, not only would the newspaper's development be impossible, but it would also enter a vicious cycle. Therefore, Chen Guanjiang would rather spend many times more money to fight the lawsuit than pay compensation directly.
"You'll regret this!"
“…………”
The guy was grumbling and packing his personal belongings. The other employees felt a sense of shared misfortune, but none of them dared to say anything to stop him.
"Base salary for all current employees will increase by 10%!"
Chen Guanjiang announced: "If the average daily sales exceed 10,000 units per month, a bonus of 5% of the base salary will be awarded, with no upper limit. Management, please proceed to the conference room for a meeting."
"Thank you, boss! We'll definitely work hard..."
"The boss is generous; the boss is going to make a fortune!"
“…………”
Just a moment ago they were full of worry, but in the blink of an eye they were all smiles. They didn't care whether it was good or bad for the newspaper to be in charge; only the money in their pockets mattered.
The average monthly income in Hong Kong is HK$300, but ordinary people are often the majority who are averaged out. Newspapers are considered a higher-income industry, but the monthly salary is only around HK$350.
A fancy lunch in Central costs HK$4.5, a bowl of wonton noodles in Sham Shui Po costs HK$1.2, and a subdivided flat on Jordan Road costs HK$80 per month. After a 10% increase, HK$35 would be enough for a family of four to eat breakfast for a month.
Chen Guanjiang doesn't understand any profound management theories, but he does understand the principle of "big stick plus carrot"—simple and effective is all that matters.
"What's the use of a few dozen yuan?"
"It's all wet and crumbly! I'm buying sweets for the kids..."
"Spending money recklessly will lead to business closure sooner or later!"
“…………”
Even the best measures won't win everyone's favor, and it's impossible to please everyone. It's already good enough if people only dare to complain quietly behind your back.
Fortunately, Chen Guanjiang didn't care what others thought and took the lead in arriving at the meeting room, where the five people took their seats one after another.
Chen Guanjiang placed the hulun on the table and looked at them with interest, saying, "Let me introduce myself!"
"Hello boss, my name is Hao Yuze..."
"Hello boss, I'm Tang Yufei..."
“…………”
The five managers are:
Hao Yuze, head of the information editing department; Xu Ran, head of the layout design department; Jiang Yan, head of finance and cashier; Tang Yufei, head of the communication and distribution department; and Tian Yufan, head of the GG printing department.
Although small, it has all the essential parts; the good division of labor allows a small number of people to support a newspaper.
The former boss, who was also the editor-in-chief, sold the newspaper and resigned. The deputy editor-in-chief was fired for being the first to speak out, leaving both positions vacant.
Through their duties, Chen Guanjiang quickly discerned who was worth winning over, who could be suppressed, and who had to be eliminated. He remained outwardly calm and said:
"Everyone here is a pillar of the newspaper, and each of you will receive a 20% raise; those who achieve an average daily sales volume of over 10,000 copies per month will receive 10% of their base salary based on performance."
"Hyena Daily will remove its news reporting, retain its dog-related business, and change its main content to entertainment information. We hope everyone can adapt to this change."
"Three months later, the driving test will be held. Whoever passes will immediately receive the editor-in-chief position and a 5% stake in the newspaper; the next best will be promoted to deputy editor-in-chief and receive a 3% stake in the newspaper as an incentive..."
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