Chapter 370 - 158: Corporate Responsibility
Complacency breeds disaster.
This was a proverb we had learned from a young age.
In the past, few people truly understood its meaning.
Even Chen Pingsheng was no exception, but today he had no choice but to mention this term repeatedly.
The main reason was that once a group had grown large, it was inevitable that some employees or executives would become arrogant and uncontrollable.
During the May Day mini-holiday, the group still took a week off as usual.
There was no need for shift schedule adjustments or studies.
If this extended to include a Saturday or Sunday seven days later, then time off would still need to be taken.
While the employees were on vacation, Chen Pingsheng, the big boss, was attending Gao Hu’s wedding.
After that, he made a detour to Magic City to discuss car manufacturing plans primarily with Tong Zelan and Shen Nanpeng.
In this era, it was hard for outsiders to imagine the national support for new-energy vehicles.
Subsidies for buying cars included exemptions from purchase tax and even covered vehicle registrations.
The local government even provided financial subsidies for new-energy vehicles, fully clearing the way.
You could say any resources you could imagine.
Or those you needed, would be made conveniently available to you.
This was an industry supported by the state.
The barrier to entry for new energy was extremely high, concentrating not only massive national resources but also top talents from various industries.
Thinking about it, it was understandable since this was a world-class industry where the entry-level threshold required tens of billions in funds to start.
Not to mention others, those who could raise ten billion to build cars couldn’t possibly be ordinary people.
Chen Pingsheng, in this context, was barely noticeable.
To build cars, money was essential.
Next was the need to form a team of elite professionals, similar to Xiaomi in its early entrepreneurial days.
In terms of connections, the strongest undoubtedly were those top-level capital investors.
They could be said to have control over the developmental details of all industries, and they clearly knew.
Whoever... was very impressive.
Tong Zelan was quite surprised; she never expected Chen Pingsheng would think about entering the new energy sector too. n/ô/vel/b//in dot c//om
This industry could be described as another massive global opportunity after smartphones.
No other industry could compare with it in terms of potential, and similarly, no industry’s competition was more fierce.
Chen Pingsheng didn’t suggest asking her for money, maybe that stage hadn’t been reached yet.
After all, the fellow wasn’t short of funds himself.
Tong Zelan couldn’t guess his specific motives, but Chen Pingsheng was after all a leading figure in the traditional industries.
His entry into new energy could potentially bring about surprising outcomes.
Beyond that, he now also possessed the qualifications to contend in this super-hot industry in Central Plains.
All she needed to do was to help him identify the key personnel as soon as possible.
To be honest, real talents never need to seek jobs themselves.
Those who boasted about their capabilities were frequently seen as incompetent in their eyes.
They needed people who held senior partnership roles or positions such as president and vice-president in top-tier companies.
Such individuals were often very difficult to poach.
Countless large companies were competing for them; this was exactly why headhunting firms existed.
Chen Pingsheng also had considerable connections in the capital markets; this visit was to seek help in finding the right people first.
Only once the team was assembled would it be possible to discuss investing heavily.
If the team isn’t solid, then pouring money into it is utterly meaningless.
He had talked for many days in Magic City, and no one doubted his determination to pursue this venture. Your adventure continues at empire
Nor did anyone doubt whether his own funds were sufficient.
Not to mention others, among those currently entering the new energy race, Chen Pingsheng was definitely one of the wealthiest few.
Moreover, his funds were the most stable.
He could even raise twenty billion yuan without needing any bank loans.
While the top team was still being slowly assembled, Chen Pingsheng was also busy upgrading the industries within his group.
May 8, 2016, Magic City headquarters.
On the first day after the May Day bank holidays, Chen Pingsheng announced a meeting at the group’s headquarters.
The location was unexpectedly not in Capital City but in Magic City.
The significance of this move was crystal clear, even without explicit mention.
As the group’s traditional industry ventures deepened, not to mention the row of luxury cars parked outside when the headquarters meeting was convened.
The sudden senior executive meeting had everyone inside the group talking.
Some said it was because of Tengying’s across-the-board stock price decline.
Others believed it was due to a new strategic direction within the group, both fundamentally right in essence.
Following the successful Nasdaq IPO of Antler Coffee, Tengying Group was destined to become a mega-corporation that attracted international market attention.
Every move it made could affect the future market stock price of Antler Coffee.
This time Chen Pingsheng had gathered everyone because he needed to announce a few things. Essentially, as the group had grown large, what drove it at its core was the values of either the founder or another central figure.
Tengying Group had always been renowned for its fair environment and high incomes.
And this time, it was destined to also become a mover in its industry.
Chen Pingsheng tapped the microphone in front of him and said, "The group has been developing for three or four years now. Two years ago, I heard a saying that a poor child has three treasures: cooking, hairdressing, and auto repair."
"Those of you living in the cities might not have a direct feeling about this, but if you ask the elderly in the villages, you’ll find that at least half of the young people there have gone to learn these trades."
"Is it because these industries are more promising than others that the village youth all flock to them?"
"No, it’s merely because their parents are truly rural folks."
"They simply can’t afford to send their children to learn more promising or even more dignified jobs."
"So you will notice one thing, hardly any city kids learn these three trades."
"When I started Fei Yangyang, I knew because chefs don’t have it easy, and many chefs are children from farming families, so I wanted to do this, create a brand that allows them to earn a high income."
"Fei Yangyang indeed succeeded, but it’s still not enough."
"I plan to invest three hundred million in Guangdong to establish a Fei Yangyang’s own chef headquarters academy and additionally establish a special Dream Fund to support internal employee entrepreneurship."
"The purpose of the academy is absolutely not about making more money for Fei Yangyang, but about it becoming a true haven for rural kids."
"Its significance can only be one thing: how soon can you get your chef students earning a monthly salary of over ten thousand yuan!"
"The industry standard is more than five years. If our culinary academy can reduce this time to three years, the significance to the industry and even to the corporation is self-evident."
In essence, Chen Pingsheng’s deliberations were no longer just about making money but about following his heart’s desire to do something meaningful for the industry and for more ordinary young people.
Do something meaningful.
How important is the amount of money?
There is no answer, nor will there be one.
At least at his current point, he definitely had more than enough money.
So much that it couldn’t all be spent.
His next steps should be to fight more for the mission of the enterprise.
Just like Fei Yangyang, a traditional dining industry.
Also, the fastest publicly-listed dining brand, it should contribute to the better development of the industry.