Chapter 570: 365 chapters of developments
The stock market is in turmoil.
Just like Tengying Group at the eye of the storm right now.
In just one week, the publicly traded stock price of Tengying Group plummeted by 20%.
If this loss were to be counted, it would amount to at least several tens of billions. Read latest chapters on My Virtual Library Empire
This is the influence a large corporation wields.
If it weren't for Chen Pingsheng's own strong management and sufficient funds, investors would have long called a halt to this unprecedented wave of executive layoffs.
It is clear that the 20% plunge is just the beginning.
How much further it will fall, no one can say for sure.
To say or not to say, once a company goes public, it inevitably becomes hostage to its stock price.
To some extent, what investors demand is a rise in the stock price.
The stock price is also considered the most direct judgment of one's management capabilities.
At the same time, countless experts popped up online, commenting on Tengying Group's current corporate restructuring.
Some say "burning the bridge after crossing," while others say that the price Tengying pays for doing this is alienating capable individuals, who have no desire to stay at a company that kills the hound when the hare is caught.
No matter how malicious the online expert commentary might be, Chen Pingsheng's determination to decentralize power remains unshakeable.
Even if it means the stock price is halved in the short term.
November 8th.
The temperature in Magic City officially drops below ten degrees.
Thanks to the central air conditioning at the headquarters, the temperature inside the building is still scorching.
Everywhere, figures are bustling about; even the interns who joined in July are now busy as can be.
One after another, higher-ups are being optimized, leaving work in various places in a brief standstill.
At the top, big bosses continue their research and meetings, while various important personages are attempting to schedule time with him during this period.
Whether to seek an interview or to understand the true significance of his actions.
For those external voices, aside from the ones he is particularly close to and takes the time to entertain, the rest will have to wait until this busy period is over.
During this time, personalities including Chu Qiuyan, the person in charge of Bobo Milk Tea, Yang Qian, the CEO of Antler Coffee, Chang Fu from Xin Teng Live Streaming, and Shen Chengjun, the president of Tenghui are all gathered around him.
Gao Hu's dismissal also caused a huge stir within the group.
Remember, he was one of the earliest co-founders of Fei Yangyang and was a childhood friend who grew up with the General from a young age.
If even someone like him could be let go, then everyone must be more vigilant as a company manager in the future.
Clearly, the General does not care about your position nor your past contributions to the group.
Even personal relationships become inconsequential in the face of serious mistakes.
After learning of Gao Hu's issue, all that remained for Yang Qian, aside from her regret, was to constantly remind Chang Fu:
Don't get carried away, as that makes it easy to slip up.
Not just them, even Chen Pingsheng himself must remain vigilant.
Although the real reasons behind the series of executive dismissals are heavily censored online.
How could they, the internal elite, not know?
It's just that some men, once they become rich, inevitably begin to swell with arrogance, even using the corporate banner to defile young girls fresh from the ivory tower.
In an ordinary company, this might be downplayed, made trivial.
Without leading to too serious consequences.
But Chen Pingsheng is clearly not like that.
Therefore, Gao Hu, who caused all this, was directly fired.
And Fei Yangyang now simply can't pick a suitable replacement for him.
Because his subordinates, the Generals, were also dismissed.
Not just Fei Yangyang, but their companies too.
Now, every day is about firing people and solving problems.
Fire people and solve problems again.
No one knows how long this situation will continue.
…
Days drift by, and in a blink of an eye, several more have passed.
Chen Pingsheng, responsible for driving the group restructuring and comprehensively optimizing the executive team at the headquarters,
Is finally not so busy anymore.
Those that should be fired have been cleared out of the Group, the rest is slowly settling the chaos, and trying to return the company to the right track.
He didn't return to his villa in Magic City but went to his middle-class home,
Which is, that small four-bedroom, two-living-room house.
In the morning, Magic City also began to experience heavy rain, the pitter-pattering rain hitting the floor-to-ceiling windows vertically, creating a somber mood in the room.
Early in the morning, Song Yanxi tenderly sorted out his attire before putting on the entry-level Omega wristwatch for him.
Everything seemed so considerate and gentle.
"Gao Hu probably hasn't contacted you for a while?"
"Mm," Chen Pingsheng replied to her, "There's been no contact. After he left, he took the executive team and is preparing to start a new catering business in Southern Province."
"Then you probably can't even be friends anymore."
Song Yanxi sighed lightly, "It's ridiculous of him, knowing full well what you hate the most, yet he insists on taking the lead to challenge. Now he's even directly taking people to compete against your Fei Yangyang."
"It's quite normal."
Chen Pingsheng took out his leather shoes himself; he had a class at Financial University today.
"It's just his own inability to get over that hurdle in his heart. He doesn't see the current situation and dares to think his little bit of money can replicate the past success of Fei Yangyang.
"Times have changed!"
Both husband and wife knew that the times were undergoing drastic changes, changes that would not be swayed by human will.
In the coming years, managing to survive with less investment is victory.
Even Song Yanxi had nothing to say about it; just let it be for now.
Gao Hu wants to start another catering business, with his current situation, raising funds definitely won't be too difficult.
However, if he attributes the success of Fei Yangyang to himself,
Then he is greatly mistaken.
Fei Yangyang is like a child raised by Tengying Group; once it leaves Tengying's embrace, the challenges it will face are not something Gao Hu can withstand.
He's probably going to invest all the money he has made over the years at Tengying Group back into this.
The two little fart kids at home watch the news and know that Dad has been so busy he hasn't needed them to send him off.
Now Dad can drive his own shabby Volkswagen to send them to school.
It's probably because the group's matters have come to a conclusion.
Given the scale of Tengying Group right now, small storms hardly have any effect.
What's most feared is a major internal problem; this is also the reason Chen Pingsheng needs to act firmly.
Actually, the Volkswagen Phaeton is much bigger than a Passat.
But few people recognize this car, and due to the Volkswagen logo, it lacks any grandeur.
Sitting inside, you would find the experience hardly different from that of a Mercedes-Benz S600.
Excellent noise cancellation, rapid acceleration, and the stability and shock absorption effects are also extraordinary.
Only the two little ones who have been in Rolls-Royce Phantoms since they were young would find the Phaeton to be shabby and ordinary.
Er Piya behaved herself for two days after fighting someone in kindergarten.
On the third day, she started being naughty again.
Anybody who dares to cross her, she would present the Praying Mantis Fist taught by her big sister.
Rear end slightly sticking out, the pose exaggerated.
Little Fatty, ready to punch out three at any moment with his arm outstretched.
Unfortunately, now that the kids in her class knew how formidable her dad was, who would dare to provoke her so easily?
Er Piya completely lived an undefeated Western kindergarten life, the sole seeker of combat.
As for Little Fart Kid Chen An'an, she rarely caused trouble at school anymore.
Aside from occasionally helping some bullied classmates, she spent more time forcing herself to read and calmly interact with others.
The need to show off had passed that age.
Only children who rarely receive praise or compliments would crave those illusory feelings of achievement.
It's clear that Er Piya is in that phase.
Chen Pingsheng's approach to her education was the same as with her big sister; if she likes to show off, then let her do as she pleases.
In two years, she'd get used to it herself.
Then she could view it with indifference, or in other words, not care about it.
After sending the two little girls off from home, he drove to Financial University.
Calculating the time, he hadn't been to the university for almost half a month.
Even Zhang Changwen was astonished to see him again, finding it inconceivable that he could go so many days without attending classes.
Such free time indeed.
Could Chen Pingsheng's time be anything but free? His presence was completely at his discretion, a classic example of coming and going as one pleases.
The salary he earned was simply from a donation of a hundred million he made.
Just calculate how many years he could receive a salary of twenty or thirty thousand a month!
Giving oneself a salary, that's called working for nothing.
However, his visit this time still caught the attention of some people at Financial University.
His well-behaved and obedient assistant Jiang Yilan was surely looking forward to it.
And then there was Lin Qiunan.