Chapter 680: Chapter 490: Rotating CEO
Magic City’s prosperity is not just on the surface.
It is also reflected in its internal culture and the sense of elitism.
Here, the elderly do not go out in flip-flops and white tank tops.
Instead, they wear Armani suits paired with a Hers belt and designer jeans.
In Magic City’s Ten Li Foreign Market, if you don’t have money, you need a lifeti to get used to it.
If you are rich, it’s completely different, as it will quickly welco you.
...
Making you a part of this city.
After relatives from the Chen Family ca over, they gathered for als every few days, probably still enjoying the lively atmosphere of the countryside.
Pingsheng did not take them shopping; instead, he moved several clothing stores inside for them to choose from.
To pick those they liked.
Whether it be suits or belts, they could freely choose anything from Armani to LV, GUCCI.
Even the watches ranged from Longines, Oga, to Rolex.
Nothing less than twenty thousand, and everyone could choose two pieces below two hundred thousand.
This lifestyle is different from Guangdong’s subtlety, Magic City’s sophistication, Capital City’s small governnt, and Shenzhen’s wealth.
Living here, those who are slightly capable dress themselves very differently.
And this culture not only influences the local residents but also the young people who co from other places to work here.
There’s a saying: if she has been in Magic City for over three years.
You’ll find that money cannot be saved at ho.
Even if she is just a waitress earning three thousand a month, buying a bag worth ten to twenty thousand won’t even make her blink.
This is Magic City, a city full of dreams.
As for the so-called dreams, once you arrive here, even if you have a high education, without a house in Magic City or a Magic City residency.
You are not worthy to talk about dreams when you want to settle here.
Because marriage, childbirth, and buying a house make you hesitate to quit your job.
Even causing midlife anxiety.
Naturally, Old Chen Family doesn’t have such problems, but the Human Resources Departnt of Tengying Group has discovered a serious issue in the new round of HR research.
As early as 2015, Pingsheng spent a significant amount to establish an independent Economic Research Institute for Tengying Group.
The main task of this institute, besides studying the global economy and markets, is self-examination and self-reflection.
The so-called self-examination and self-reflection, of course, are conducted within the entire Tengying Group.
The institute does not care who the chairman is; it simply presents the problems detected in a report on your big boss’s desk.
Of course, the focus this ti is not on the managent of its tens of thousands of stores.
As during the Gao Hu incident, the senior and middle managent of the direct stores had already undergone two rounds of updates.
Replacing at least half of the people, which revitalized all stores.
And this ti, the issue directly targets the headquarters of various corporations.
This is an unavoidable part of many companies, just like a person when they first start working, naturally full of passion.
Mostly thinking about promotions and salary increases.
Years later, once you achieve certain accomplishnts, positions at the top beco more stable and increasingly difficult within the group.
Or even impossible.
At this point, most people often lose that passion.
And this also becos an obstacle to the group’s developnt.
How to deal with these people, most companies choose layoffs.
Only a few companies let it be, only state enterprises can ignore this problem.
This is also the origin of the midlife crisis in large companies.
Whether to optimize layoffs or rehire, that’s the question.
Eventually, Pingsheng still signed off on the optimization through layoffs.
This round of layoffs will not affect the stores below, just a self-renewal at the headquarters.
It’s also a way to keep the company vigorous, targeting only the headquarters of the major enterprises.
The optimization ratio for junior staff at the headquarters is one to stay out of five.
Middle managent one to stay out of three, senior managent one to stay out of two.
A third of the executives need to be laid off.
This is also the highest ratio in this round of layoffs.
The reason is simple; many of these people are already financially independent.
And after achieving financial independence, they often think of making more money.
When the inco within the company cannot et their needs, many issues of cutting corners appear.
Even investing in so affiliated companies by shuffling resources from left to right.
Additionally, Pingsheng has introduced a new policy at the headquarters.
That’s the rotation CEO.
The CEOs of major companies, including Chu Qiuyan, Chang Fu, Yang Qian, and others, will no longer be seated permanently on their own thrones.
Instead, a rotational system is adopted, where the maximum term for a CEO is two years.
This is the case for all listed companies.
This self-renewal within the headquarters involves not just the middle and senior managent.
It also includes the highest level.
Once the staff optimization and layoffs are completely finalized, it will be ti for the rotation of major corporate CEOs.
Surprisingly, before the optimization and layoffs were even completely finished, Chu Qiuyan ca to find him alone.
Qiuyan is also the youngest CEO of Bobo Milk Tea in the entire group, initially having a passionate love for milk tea.
As ti passed, Bobo Milk Tea had already achieved automated operation, where the introduction of new products no longer required the involvent of her as CEO.
That so-called passion had been gradually fading.
This also led to Bobo Milk Tea, from being a leading brand, now having several competitors nearly matching its level.
This is also a main reason why the headquarters must implent a rotation.
It’s not enough to just shout about keeping passion at the lower levels while their leadership gradually loses it.
“Chen, I want to go to Dream Fund.”
“Dream Fund doesn’t have the sa big na as Bobo Milk Tea.”
“I know, I just want to, like Uncle Chen once supported , go there and help so people who truly have dreams.”
Chu Qiuyan had this idea for quite a while.
Perhaps she’s no longer suited to be the CEO of Bobo Milk Tea.
After all, the milk tea market competition is too fierce.
Every day, nurous internet-famous brands erge.
In such an industry, without a trace of aggressiveness, one could be toppled in minutes.
Clearly, Chu Qiuyan lacks that aggressiveness.
Chen Pingsheng agreed to let her move, but she must start as a deputy general.
Selling milk tea and making investnts are still worlds apart.
She needs to spend one or two years learning there first.
Of course, if she likes it, the adaptation will be very quick.
Chu Qiuyan applying on her own also effectively avoided so awkwardness.
Even if she didn’t co forward, Chen Pingsheng would have asked her to step down from the CEO position of Bobo Milk Tea.
To replace her with people who truly possess aggressiveness and passion.
Frankly speaking, Dream Fund is quite suitable for her.
Whether she can be the CEO of Dream Fund in the future largely depends on her own passion.
Chu Qiuyan was the first to co to him, the second was Chang Fu.
This guy actually applied to be the CEO of Tengying Entertainnt.
Chen Pingsheng almost kicked him straight back ho.
What was he thinking?
Did he want to go there to comfortably be a CEO?
Who doesn’t know that Tengying Entertainnt is full of beauties?
But after calming down, Chen Pingsheng felt that this proposal might not be so bad after all.
Mainly because since he stopped managing Tengying Entertainnt himself, although the stock price hadn’t changed much in these two years,
the financial aspect indeed worsened progressively.
To revitalize the financial reports of Tengying Entertainnt, sending Chang Fu there for a transformation seems like the best choice.
That is, to fully integrate Tengying Entertainnt into the short video economy.
Those small artists who aren’t profitable should all go do live streaming sales, and only those who do it well will have opportunities in shows.
For those who don’t perform well, I will not provide resources.
Although this is a bit shaless, it indeed is a fast way to improve Tengying Entertainnt’s financial reports.
Who nowadays doesn’t know how distorted the paynt for stars has beco.
A slightly famous person can make eighty or ninety million by just participating in a few variety shows.
No one wants to take a lower fee anymore.
Sending Chang Fu over to improve this seems actually pretty good.
As for his wife, Yang Qian, who is doing quite well with Antler Coffee, she will surely continue her role.
The rest, including Snacks Dash, Tenghui Departnt Store, Fei Yangyang Catering, Yateng Short Drama, etc., all need to be changed.
After this major shake-up, according to Chen Pingsheng’s expectation, it’s likely to elevate the group to a new level.
At least, better than it is now.
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