At this mont, the eting room of Black Swan Group was already filled with people. All the high-level executives wore serious expressions because they understood that whenever Gu Bai convened a high-level eting, it indicated sothing significant was about to happen within the group.
Gu Bai sat at the head of the table, reading through the docunts in front of him without saying a word.
It wasn’t until nearly ten minutes later, after Gu Bai finished reviewing the docunts, that he looked up and asked, "Is everyone here?"
Yi Jiahui, standing beside Gu Bai, quickly responded upon hearing his inquiry, "There are 67 high-level executives at headquarters in total. Excluding 12 on leave, all 55 are present."
Gu Bai nodded slightly and directly said, "Since everyone is here, let’s get straight to the main topic of the eting."
Everyone imdiately opened their laptops, ready to take notes on Gu Bai’s words.
"First, let’s discuss the personnel changes within the company."
As Gu Bai spoke, all eyes turned to Mr. Shao and Gu Jun. However, both the chief and vice managers showed no sign of change in their expressions.
With his fingers interlaced, and thumbs repeatedly touching, Gu Bai slowly began to speak.
"Last year, Mr. Shao, the company’s general manager, requested a demotion, stating he was not fit for the current position. I thought over this during the Spring Festival and also realized there were drawbacks in the company’s personnel positions. Hence, I decided to reform the job structures, and the corporate think tank has provided with a detailed plan. Assistant Yi, please announce it to everyone."
Having said that, Gu Bai handed a docunt to Yi Jiahui and leaned back in his chair, closing his eyes to rest.
Receiving the docunt, Yi Jiahui began to formally read it aloud, while all high-level executives paid close attention since the personnel changes were closely related to the interests of everyone present.
"Starting from March 10, 2018, the group will implent a 12-level salary system, starting from Level 1 for ordinary employees of subsidiaries, with a basic monthly salary of 6,000 yuan. Level 2 salary will be 7,000 yuan per month, Level 3 will be 8,000 yuan, Level 4 will be 9,000 yuan, Level 5 will be 10,000 yuan, and Level 6 and above will be for managerial positions.
Level 6 salary is 20,000 yuan per month, excluding bonuses and company benefits, Level 7 salary is 30,000 yuan, Level 8 salary is 50,000 yuan, Level 9 salary is 100,000 yuan, Level 9 salary is for the salary level of general managers of subsidiaries and group directors, and Level 10 salary is 250,000 yuan, for the level of group general managers."
As for Levels 11 and 12, not being described, left the high-level executives in an uproar with discussions all around.
For most of these group high-level executives, the minimum departnt executive level is Level 7, and the highest director level even reached Level 9. Don’t assu that a Level 8 salary of 50,000 yuan a month is little. This is just the basic salary. Excluding bonuses and company benefits, an annual inco of over a million with a Level 8 salary is absolutely attainable without errors.
In Shanghai, annual earnings of a million may not seem impressive, but anyone claiming this should be ready to get a slap in the face. Without considering entrepreneurship and solely talking about employnt, individuals earning a million a year in Shanghai are considered high-end elites.
Listening to the discussions, Yi Jiahui directly stated, "Quiet, continue the discussions after the eting!"
With that, she continued reading the contents below.
"Furthermore, a Group President position has been added, with authority similar to that of the general manager before the personnel reform. The president will enjoy Level 11 salary treatnt at 1 million yuan per month...
The Chairman of the Board will enjoy Level 12 salary treatnt, with a salary of 1 yuan."
The last bit about the Level 12 salary treatnt was just nonsense, as all the group shares belong to Gu Bai, who doesn’t need dividends. As long as company profits are taxed, Gu Bai can apply for dividends and transfer them to his personal account.
Once Yi Jiahui finished speaking, everyone applauded Gu Bai’s 1 yuan salary, and even with Gu Bai’s thick skin, he felt a bit embarrassed, motioning for a pause with his palm.
"You all understand the personnel reform, so I’ll discuss the personnel changes. Forr Group General Manager Mr. Shao is promoted to Senior Vice President of the Group and also remains General Manager. His salary treatnt is exceptionally raised from Level 10 to Level 11. Forr Group Vice General Manager Gu Jun is promoted to Group President, and will enjoy a 10% equity incentive plan once it’s initiated, currently with a salary sa as mine, Level 12.
Additionally, for Level 11 salary candidates, there’s Black Swan Film and Television’s General Manager Xiao Qiang. I hope you all aspire to match them and break through the million mark in annual salary soon."
After Gu Bai’s personnel appointnts, while there wasn’t much discussion, everyone understood clearly.
Mr. Shao’s position was elevated superficially but diminished beneath the surface. However, his salary compensation was greatly heightened, reaching a dostic professional manager peak with an annual salary exceeding a million.
As for Gu Jun, it’s well known that he has extensive connections with Gu Bai. Receiving a salary of 1 yuan took everyone by surprise but was also expected.
The 20% share incentive plan being half taken up by him displeased many high-level executives, yet they could not argue as his abilities are evident.
Gu Bai’s idea was straightforward: by not paying a salary, he saves on taxes.
"If there are no objections, we’ll directly proceed to the next topic."
Everyone shook their heads.
Gu Bai looked at Mr. Shao and said, "President Shao, do you have any objections?"
Mr. Shao quickly replied, "Chairman Gu, I comply with the company’s arrangents."
Gu Bai nodded slightly and further stated, "I have already agreed on a cooperation intention with the Grosvenor Clan from Eagle Country, spending 7 billion to acquire Shanghai’s Ryan Square. This money cos from my private account, but subsequently, the ownership of Ryan Square will be transferred to the group."
Everyone was once again shocked by Gu Bai’s bold move.
Just less than a month since the Spring Festival, Gu Bai already took out 7 billion and acquired a large comrcial plaza.
Not giving them ti for discussion, Gu Bai continued, "The investnt regarding Panda TV has also been finalized. We aim to conclude the investnt successfully within three days. This project has always been under President Shao’s responsibility, so there shouldn’t be any issues, correct?"
Mr. Shao imdiately responded, "The investnt departnt is already prepared and can complete this investnt anyti."
Gu Bai nodded and turned towards Yi Fangqin, saying, "Director Yi, please report on the financial status to everyone."
Following Gu Bai’s instruction, Yi Fangqin stood up and said, "Since the company was founded in September 2017, the group has accumulated a total net profit of 2.15 billion yuan, with 1.62 billion yuan from film and television inco, 180 million yuan from Black Swan Entertainnt inco, and a cumulative profit of 350 million yuan from other areas. After deducting taxes, the company’s total profit is 1.47 billion yuan, and the current liquidity in the company’s account is 3.5 billion yuan."
As soon as the words finished, everyone applauded.
A company holding tens of billions in liquidity is definitely a source of pride for its employees.
Gu Bai also nodded in satisfaction. At this rate, completing the comrcial giant’s task of 20 billion yuan profit shouldn’t be too far off.
After hearing Yi Fangqin’s report, Gu Bai finally announced the last piece of news, a sentence that directly stunned everyone present.
"I have decided to establish another subsidiary of the group, nad Black Swan Automobile Manufacturing, and to establish a new energy research institute under Black Swan Automobile Manufacturing Company. The research and developnt of all matters related to new energy vehicles will be handled by the three scientific talents employed by the group: Gu Wen, Gu Xiu, and Gu Ming. The initial investnt in the research institute will be 1 billion yuan, with subsequent additional investnts.
In addition, I will reinvest 10 billion yuan later for various matters concerning the construction of the production line for Black Swan Automobile Manufacturing Company."
As soon as Gu Bai finished speaking, it imdiately caused quite a reaction. The director of the risk control departnt stood up imdiately and said, "Chairman Gu, I am not opposed to the group’s expansion into new areas, but isn’t venturing into the new energy vehicle industry a bit hasty? Our company has not yet completed the transition from the entertainnt industry to the physical industry, nor do we have any experience in the high-tech industry...
Doing so, isn’t it taking a step too big?"
As soon as the director of risk control finished speaking, quite a few voiced their agreent.
"That’s right, Chairman Gu, the investnt in the subsidiary needs to be considered carefully."
The words of these executives were relatively tactful. In other corporation groups, the board might have been infuriated on the spot. A cultural entertainnt group suddenly saying it wants to foray into the high-tech industry, choosing new energy vehicles, which is a highly technical field, is as absurd as Kentucky Fried Chicken announcing they want to start making satellites.
Listening to all the executives, Gu Bai was also tapping his fingers lightly on the table without responding.
Xiao Qiang was not present, and both Mr. Shao and Yi Hongi were well aware that once Gu Bai decides on sothing, no one can change it, so they did not express any opinions at all, and the highest-ranking leader below Gu Bai, Gu Jun, is just an intelligent robot and would not contradict Gu Bai.
While people were discussing, the door to the eting room was knocked on. Yi Jiahui, after getting a look from Gu Bai, responded directly, "Co in."
The door of the eting room was pushed open, and the company receptionist stood at the doorway, timidly looking at the executive-filled eting room, said, "Chairman Gu, a group of people has co to the company, led by Guo Jingming. He said he wants to et you."
After hearing this, Gu Bai snorted lightly and said to the receptionist, "Tell them to get lost, and if they refuse, have security throw them out."
"Huh?"
The receptionist was a bit at a loss.
Gu Bai shook his head and said to Yi Jiahui, "You handle it, and if you can’t, do as I said and have security throw them out."
"Understood."
Yi Jiahui, following the instruction, left the eting room with the receptionist.
The interruption by the receptionist also gradually silenced the discussion in the eting room.
Gu Bai stood up and glanced around, then said, "The establishnt of the subsidiary is the highest strategic goal of the group and will not change. All you need to do is comply, and if you have any objections, I suggest you keep them.
"eting adjourned."
After speaking, Gu Bai also left the eting room directly.
"President Gu, why didn’t you try to persuade Chairman Gu? Isn’t what he’s doing just recklessness? Forcing the company into an unfamiliar field, one wrong move and the company’s current good situation will be destroyed in an instant!"
The director of the risk control departnt, seeing Gu Bai leave, inquired with a face full of anxiety towards Gu Jun.
Gu Jun, with an indifferent expression, glanced at him and, without saying a word, directly left.
Gu Jun’s behavior puzzled everyone, only Mr. Shao and Yi Hongi seed a bit calr.
"President Shao? What’s your opinion?"
Mr. Shao propped himself up, smiled, and said, "Didn’t I express my opinion just now? I unconditionally support any decision Chairman Gu makes."
"You also support his recklessness?"
The director of risk control looked incredulous.
"Recklessness? Think carefully, which of Chairman Gu’s actions since the company’s founding doesn’t seem reckless but is actually full of profound aning? From the company’s current industry status, you can tell every step Chairman Gu takes is thoroughly thought out. All we need to do is do our job well and follow unconditionally."
After speaking, Mr. Shao also walked away slowly, with Yi Fangqin following.
The board mbers all expressed complete compliance with Gu Bai’s instructions, what can the opinions of us ordinary executives count for?
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