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Chapter 279 Taking Stock of the Family

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    After several years of operation of the enterprise, Wang Yaocheng felt the problems contained in it, and a new consortium structure reform was brewing.

    First of all, as the core of the flat management of the consortium, the Royal Family Fund must be strengthened.

    ? At present, the main secretariat can no longer meet the requirements of the rapidly expanding consortium, and the organizational structure is too simple to meet the needs of strengthening the management of the consortium.

    The establishment of the audit department is imminent. This is an important department that controls financial power, and it is also a favorable monitoring department for the Royal Family Fund. It needs to enrich a large number of experienced top accountants.

    ?The financial turmoil in 1997 caused the world-renowned Big Four accounting firms to lay off staff one after another. It was a good opportunity to recruit experienced international top accountants.

    In addition to the Secretariat and the Accounting and Audit Office, other departments such as the Administrative Office, Legal Service Office, Fixed Assets Management Office, Family Trust Fund Management Office, Venture Capital Fund Management Office, Enterprise Intelligence Research Office, and Security Office must be established in a standardized manner to form a  Strong core.

    at the same time

    The institutional settings of the four major companies of Pacific Company, Atlantic Company, Arctic Ocean Company and Caribbean Company also need to be changed to enhance the status of some powerful companies and be directly managed by the royal family fund.

    For example, Carrefour Supermarket Group, Pacific Appliance Chain Group, Pacific Real Estate Development Corporation, Geli Electric Group, Atlantic Business Machines, Cathay Pacific, Swire, Marvel Animation, Yahoo Search, and Athlon all need to become independent to reduce the number of mother-in-laws.  management, strengthen management, and improve management efficiency

    There are also the soon-to-be-established foundry enterprise Changjiang Technology Group, the Yellow River Technology Group that produces LCD screens, and the Atlantic Electronics Wafer Technology Group formed by the wafer production plants under Atlantic Corporation.

    All these companies that have gradually formed need to be independent and directly under the management of the royal family fund.

    It is possible to imitate the management method of Samsung Group and set up a meeting of the president group. It cannot be said every month, but it is still necessary to hold a meeting every fiscal quarter.

    Taking Pacific Company as an example, President Mo Yuxuan puts most of his energy on the Carrefour supermarket chain, and has no energy to manage the huge enterprises under his command.

    Taking Atlantic Corporation as an example, President Zhang Rujing devoted himself to the work of Atlantic Electronics Wafer Technology Group, and almost ignored Atlantic Business Machines Corporation. This situation urgently needs to be changed.

    They don't have a large number of secretarial teams, strong accounting and auditing teams, and only a small number of leadership cores can't manage so many affairs.

    From the perspective of consortium revenue;

    As of the second fiscal quarter of 1996, the total revenue of the royal family fund reached 18.2988 billion US dollars.

    Among them, Atlantic Business Machines Corporation contributed more than half, reaching a net profit of 9.6448 billion U.S. dollars, followed by Atlantic Electronics Wafer Technology Group, contributing a net profit of 2.12 billion U.S. dollars.

    Gree Electric Appliances Group is the second largest, reaching 1.922 billion US dollars.

    After Carrefour Supermarket and Pacific Home Appliances chain stores stopped expanding, they contributed a total of US$3.347 billion for two consecutive quarters, ranking fourth and fifth respectively.

    The remaining other companies contributed a total of 1.265 billion US dollars in net profit.

    In addition, Royal Family Fund also holds a 31.04% stake in HSBC, with a special investment account fund of 2.461 billion U.S. dollars and a market value of 6.6426 billion pounds (10.4355 billion U.S. dollars, with floating stock prices).

    Nokia shares 6.6%, worth 5.7 billion US dollars (stock price floating).

    At the same time, the Royal Family Fund bears 25 billion (2.3 billion U.S. dollars) in Japanese yen loans, 2.2 billion U.S. dollars in loans from HSBC Bank, and 850 million U.S. dollars in loans from Citibank.

    The money is a reasonable debt, and Wang Yaocheng is not prepared to repay it in advance, and reserves a large amount of funds for expansion.

    The total revenue of the royal family fund reached 18.2988 billion US dollars;

    Subtract the appropriation of 2 billion US dollars for the special account of HSBC.

    Subtracting the investment in Shenzhen Atlantic Science and Technology Park in 1995 and the initial expenditure of 650 million US dollars, the construction expenditure of 1996 was 1.55 billion US dollars, and the payment for large-scale plant equipment in 1997 was 5.122 billion US dollars (special funds for backup).

    Subtracting the investment in Jinling j2 factory of Atlantic Electronics Wafer Technology Group, Mingzhu m1 factory, Huaizhou h2 factory, and Shenzhen s1 factory facilities and equipment, the total investment is 3.687 billion US dollars.

    Subtracting the new air-conditioning production line, copier production line and computer production line of Geli Group, the total investment is 961 million US dollars.

    Subtract the US$1.83 billion for the acquisition of Fujitsu's Kagoshima LCD production plant.

    Minus other expenses of 117 million US dollars.

    ?The book actually retains 2.3818 billion US dollars. This amount of money seems to be a lot, but it is far from enough to meet the needs of the huge consortium.

    &nbIt's useless to break the sky.

    There is no absolute fairness in the world, and those who have this kind of thinking can only be said to be immature.

    "How is it? Old Shi, Xiaoshi, you have been with me for more than a month, do you feel used to it?"

    "adapt?"

    Shi Xueyi smiled wryly, looked at Chen Shi, and saw that he also had a frown on his face, knowing that this guy is a boring gourd, he had to say anything by himself;

    "You can almost touch the southeast and northwest, but the important work can't be entrusted to me. I'm afraid it will be messed up. Now I'm worried every day, reading English books in my room, and dreaming about them when I sleep.  English alphabet."

    "Hehe! I told you two Englishmen that you must never relax, and now you have suffered."

    "Hey! I did a good job in the position of regional manager. You just transferred me after more than a year, or let me go back. There are too many things here.  A little apprehensive."

    Beside him, Chen Shi nodded in agreement like a chicken pecking at rice.

    "I want to leavethere is no door, stop dreaming, just work hard here, and get to work as soon as possible."

    Wang Yaocheng extinguished their thoughts with one sentence, a hero with three gangs, a fence with three stakes, and now he needs the most trustworthy people to help him.

    After thinking about it, Wang Yaocheng said, "Shuguang, you will personally lead Lao Shi in the secretariat, and temporarily assume the position of the deputy director of the secretary. All the remuneration will be paid according to the salary of the deputy director.  The preparatory team of the Audit Office is the deputy head and also the deputy director's salary. Mr. McCauley, the preparatory team leader, will have more snacks and get in touch with all aspects of work.

    At the beginning of next month, President Huo Jiaguang led the M&A team to negotiate with Cisco, and asked both of them to participate in the whole process, so as to experience the whole M&A process on the spot.

    ? By the way, sign up for them at Harvard University, join classes to attend classes, Lao Shi reported an MBA business administration class, and Xiao Shi reported an MBA advanced accounting course. They don't need to get a diploma, just to recharge their batteries.  "

    "Understood, Chairman."

    Zhang Shuguang looked at Shi Xueyi and Chen Shi with envious eyes, thinking in his heart, he must explain to them clearly when he is alone later, how rare it is for the chairman to personally train him, and he must cherish it.

    These two people must be of great use, and it is not too late to establish a good relationship.

    In front of the domineering Wang Yaocheng, neither Shi Xueyi nor Chen Shi had any room to object. They could only obediently obey the arrangements, which was also the advantage of these two guys.

    Good obedience, strong execution, the most important thing is one heart with Wang Yaocheng.  (Remember the site URL: www.hlnovel.com
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