Reaching the age of thirty, my income randomly doubled

October 26th.

Tengying Group formally announced that Gao Hu, the founder and president of Feiyangyang Catering Group,

has submitted his resignation due to personal reasons.

The board of directors has officially approved it.

What does this mean?

No successor was mentioned, and the founder and president have just resigned.

Moreover, it concerns a traditional catering enterprise that went public less than two years ago.

Feiyangyang has truly had its share of issues in the past two years, and has not yet emerged from the scandal in Sha City.

Now even the president has left.

Especially since its stock price has always been at a historical low; otherwise, under these circumstances, it would have hit several limit-downs.

Feiyangyang's finances have not encountered problems, and operation has remained steady.

But now, the president has resigned.

Anyone who has worked at a big company knows that executives who file for resignation due to "personal reasons"

are generally being phased out, just given a decent-sounding excuse by the group before they leave.

Otherwise, who would leave a company they just started!

Additionally, the highest echelons of the group released a report on the president of Feiyangyang's resignation in the morning.

In the afternoon, an industry-shocking dismissal announcement was issued again.

Feiyangyang's former heads of Guangdong Region, Southern Province, Capital City, and Magic City,

as well as the head of Feiyangyang Catering Academy have all been dismissed without even the basic severance.

Within one day, a billion-dollar public-listed company's founder, along with top regional leaders and the founder of its training school, were all dismissed.

What does this imply?

It is akin to uprooting their entire top management team.

Now it doesn't matter if they're in a slump already, Feiyangyang's stock price fluctuated briefly and then immediately began to plummet.

Numerous retail investors who bought Feiyangyang's stocks even think they have purchased a jinxed, worthless stock. Find more chapters on My Virtual Library Empire

You thought it was undervalued, but successive blows tell you the real undervaluation hasn't hit yet.

Despite being a massive domestic catering group with a direct operation of up to 1500 stores,

and investments on these direct stores amounting to no less than thirty to forty billion,

the business has always been doing quite well.

The market reputation has always been strong, yet the market capitalization of less than eighty billion continued to drop.

This must be some kind of curse, what else could it be?

Even Lin Qiunan, who was just attending normal classes at Financial University, was completely astonished; she never imagined that incident would cause such a massive impact.

It might even cause a catering public-listed company to directly delist.

And it involved dismissing six high-level managerial teams, not even sparing the founder.

The entire Tengying Group was dead silent.

They barely made any public explanations, and this was just the first batch of involved executives.

The next day.

Tengying once again released a public announcement.

The head of Tengying Group's human resources department, a position so powerful it was unimaginable and many sought after to curry favor,

was dismissed directly in this reorganization.

Along with her were a series of HR executives she had brought up, all dismissed.

Clearly, she was aware of it.

But considering Gao Hu's relations with the big boss, she chose to turn a blind eye.

Consequently, some of her subordinates also couldn't escape being dismissed.

Not only was she fired, but Chu Qiuyan, the entrepreneurial goddess of the university, the overall in-charge of external campus recruitment for the group,

was stripped of her annual bonus and her partnership status in the group.

Essentially demoted three levels.

She had no complaints; after all, the problem had occurred during her campus recruitment.

The origin of this incident is also rather curious.

Once during his leisure time, Gao Hu happened to attend the group's campus recruitment event.

And one of the girls immediately caught his attention.

The girl was very pure-looking, not exactly a heavenly beauty but definitely among the best in her school.

Especially since her smile was particularly attractive.

Gao Hu was instantly struck by the warmth of that girl's smile, and then an experienced HR, with just a glance, guessed the hidden desires in his heart.

After the campus recruiting event concluded, that girl originally had been employed.

But this HR used her power to intercept her resume privately.

Then called her to meet at a café; what happened afterwards does not need to be explicitly stated.

A smart HR pleased Gao Hu this way.

Gao Hu, who valued loyalty, namely the principle of sharing weal and woe, involved his group of executives who had fought by his side in conquering territories.

And this smart HR, gaining benefits, goes without saying.

Gao Hu directly awarded her a Porsche Cayenne.

Others also gave her more or less some red envelopes, as there are no walls impenetrable within the group.

Especially involving many Feiyangyang executives.

Later on, involving executives like the vice president of Tenghui Department Store Tang Tao, the presidents from Snacks Dash, and two executives from Bobo Milk Tea and Antler Coffee.

With Gao Hu and a series of group executives' support, this smart HR climbed up the ranks step by step.

The impact of this matter has been growing larger and larger.

It was only discovered today, and then it shocked the whole industry with a storm of high-level executive dismissals.

You should know that the Tengying's subsidiaries are all listed companies, not to mention how many employees they have, each company has thousands upon thousands of shareholders.

Such a large personnel storm has emerged, and everyone wants to ask one question.

What exactly happened?

On October 28th.

Tengying Group even issued an announcement, Bobo Milk Tea, Antler Coffee, Tenghui Department Store, in total more than eight vice-presidential executives.

All were dismissed.

Along with their own group's HR head, who was also subjected to a massive clearance.

No one expected that the cause of the event was simply due to an HR individual being too clever for their own good.

He was formidable, managing to knock down nearly twenty veteran high-level executives of the group on his own.

Chen Pingsheng even issued a stern statement internally, stating that personal relationships and favoritism are not means to operate a private company, as they will only lead the company into an endless abyss.

Not just issuing statements, a bigger storm within the group was still underway.

An internal investigation report initiated by the Tengying Group's Economic Research Institute completely made countless executives tremble in fear.

In the early stages of the enterprise, everyone kept a sharp and even wary eye on the market because of their dreams or the desire to make money.

As the companies supported by the group went public one after another, those initial high-level executives gained financial freedom.

Following which came a relaxation of vigilance, starting to reduce their striving efforts.

Even allowing their personal desires to take over, leading to the shocking Tengying selection scandal that shook the entire group internally.

Only Tengfei New Energy, being independent, wasn't involved with Gao Hu and the others, otherwise it definitely couldn't have escaped.

Being a listed company does not mean you can rest on your laurels, on the contrary, with the current economic situation, allowing such a culture and situation to spread to the whole group.

Even the largest tree is precarious.

Tengying Industry Economic Research Center, consisting not only of professors from dozens of the top domestic universities.

But also more than twenty master-level economists from home and abroad.

Their task is not only to study global industries but also to always monitor the internal personnel management of the group.

To allow the group to continuously adapt and optimize to meet the market demands.

Clearly, as Tengying transitions from a startup business to the pinnacle of domestic private economy.

Those veterans who struggled and developed with it, already think about resting on their laurels.

This is an extremely dangerous sign.

Whether Chen Pingsheng wants to or not, there must be a complete change before such an economic turning point arrives.

As the saying goes, kindness doesn't control the troops, generosity doesn't foster wealth.

Now, he must massively optimize those veterans who have struggled alongside him.

So as to allow truly young and passionate individuals who are willing to strive to have opportunities to rise and maintain the group's vitality continuously.

Zhang Wanyi brought a personnel survey report and handed it over to him. "Chen, within the group, employees who have worked for over three years and are older than thirty-five from the level twelve management team total up to one thousand six hundred fifty-two people."

Chen Pingsheng took it and glanced over, then said, "Many familiar names here, I remember when these people first came to the group, those determined and spirited eyes, I didn't expect that in just a few short years, a large part of them have lost that spirit."

"Start the group internal personnel investigation report, completing the executive optimization within half a month."

A big storm is really coming.

The big boss is planning to clear out those executives who have lost their spirit.

These people have a choice of passive optimization, either taking a sum of money to leave the group.

Or starting from the ground up again.

Regardless of the final outcome, such a large-scale executive optimization.

Will still cause a shock throughout the entire domestic job market.

Even more exaggerated, countless people will start cursing Tengying Group as ungrateful and backstabbing.

The bird flies off, the good bow is hidden.

These people are likely not to understand the big boss's kindness.

Compared to these executive teams, the Tengying Group's base-level employees are over a million strong.

If so many executives comfortably rest on their laurels, it would be the biggest harm to the million base-level employees.

Many companies, due to the interests of the executive team, think of layoffs starting with those base-level employees when it comes to optimization.

Little do they know.

What really leads to poor management of a company or group is only those executives sitting in offices, drinking tea, and enjoying cool air conditioning.

Without optimizing these people, base-level employees will never receive better treatment.

Chen Pingsheng's kindness can only be reserved for those base-level employees still troubled by life.

And ruthlessness, reserved only for those executives who have started to enjoy life and already possess millions in savings.

These people will definitely blame him.

But... what can be done about it?

The executive optimization survey report is particularly simple, just as whether a teacher is good or not, only his students know.

Whether a general is good or not, his soldiers are definitely clear.

Asking from the bottom up, to the greatest extent, is how to understand a leadership figure.

When over one-third of his team says he is bad, that person can only be dismissed.

When over half say he's bad, and he still sits in his position for over six months.

The leader who promoted him should be directly dismissed.

It's that simple, it doesn't need too complex methods.

Chen Pingsheng wants to completely clear out those who like to play favoritism and treat pleasing their superiors as their core job once and for all.

Completely out of Tengying Group.

His company has always believed in investigating from the bottom up.

Once it goes from the top down, concentrating all power in the executive team.

The entire group will be about personal dealings.