"… The manager of the third branch of Beian Stone Gate is absent … The manager of the south branch of Lujiang City is absent …"
The executive director's voice was a little hoarse. He couldn't take it anymore and let Bai Su take over for a while.
At 2: 15, the report was completed.
At this time, the entire conference room was extremely quiet.
Du Juan's absence at the board meeting was understandable.
Out of the seven major centers, three directors were absent. This was also understandable because the Huang family took two people away. The situation of the remaining one was still unclear.
Out of the seven major regions, two CEOs were absent. This would depend on the situation.
The absence of the higher-ups wasn't high.
After all, they were eye-catching. It wouldn't be appropriate if they didn't come. Li Dong would also notice.
However, more than 30 city managers weren't here and didn't participate in the video conference.
Store managers were terrifying. More than 300 people weren't here!
Not to mention that they weren't here, some didn't even apply for leave.
They were just store managers anyway. Would Li Dong pay attention to this level?
Not to mention Li Dong, even the person in charge of the meeting might not be able to pay attention.
At this time, the statistics came out. It was done while he was reporting.
…
At the front desk. For more than an hour, Li Dong didn't sit down. He just stood at the front and looked straight at the entire venue.
After the report ended, Li Dong said slowly, "It's almost the end of the year. Everyone is busy. I can understand that.
It's a long journey and you can't make it. I can also understand that.
Far away is the first time Gome joined and doesn't know what to do. I can also understand that.
However, understanding doesn't mean condoning it.
A fifth of the absence rate!
This is Gome's efficiency, Gome's execution? "
Li Dong said the last sentence and his face turned cold. He scolded, "Far away, the absence rate for every meeting is less than 5%!
Whether it's a small meeting or a thousand-person meeting, this has never happened!
If I say two days in advance for the meeting, no one will take it seriously!
Since they joined Far away, they have to adapt to Far Away's rhythm and adapt to me, Li Dong's rhythm!
"I can understand the store managers. Some store managers might not even receive the news!
But did the City Manager and above not receive the news?
Who didn't receive it? Tell me now, and I'll fire everyone in charge of administration! "
Below the stage, everyone was extremely quiet.
The executive director had a helpless look on his face. If someone were to frame him now, wouldn't he suffer a huge loss?
If they were all fired, where would they go to seek justice?
Just as she was feeling uneasy, Cheng Xiao coughed softly and said, "General Manager Li, the administrative side should have been informed."
Li Dong smiled and said, "If that's the case, then let me ask you something. Where's Director Zheng of the Surveillance Center now? What are you busy with? "
"This …"
Cheng Xiao was speechless for a moment. Li Dong looked around and said, "Is the deputy director of the surveillance center here?"
"We're here!"
As soon as Li Dong finished speaking, someone immediately stood up and looked at Li Dong anxiously.
Li Dong glanced at him and said indifferently, "Where's your director?"
"This … I … I'm not too sure …"
Li Dong said coldly, "Why? As the deputy director, you don't even know where the director is during working hours? "
Cold sweat seeped out of the deputy director's forehead as he said dryly, "Director Zheng usually doesn't tell us about his matters, so …"
"Director Zhou, you said that he's on leave. What's the reason?"
The executive director said in a hoarse voice, "Director Zheng said that he's not feeling well …"
"How's his attendance rate? How often does he take leave? "Li Dong asked again.
The executive director hesitated for a moment before saying, "Director Zheng is a little old, and his health isn't too good, so the frequency of him taking leave is a little high …"
"Since he's old, then just focus on taking care of his health. Ask him to resign voluntarily and compensate him with three months' salary. If he doesn't resign voluntarily, he'll be treated as dereliction of duty and fired immediately. I don't need to tell you the reason, you know it yourself! Ask him to hand over at the beginning of next year and inform him. If he doesn't come, the compensation will be canceled. "
After saying this, Li Dong did not care about how the others looked at him and continued, "The two directors of the finance center and the home appliance center have already taken the initiative to resign. These three departments will be temporarily handed over to the deputy director.
"As for the specific personnel issues, CEO Wang Yue will discuss with the board of directors after this and reconfirm the positions of the department directors.
"As for the presidents of the Northwest and Southwest regions, Mr. Zhang from the Northwest region has a mission and explained to CEO Wang in advance that the situation in the Southwest region is unclear.
"If he doesn't even know where the president of the region is going to our headquarters, then what kind of president is he?
Ask him to pack up and get lost!
"As for the provincial-level general managers who haven't arrived, after careful consideration and discussion with the board of directors, those with nonsensical reasons will be fired and replaced by the deputy director!
"The city manager level will be dealt with the same way.
"As for the store managers, it just so happens that the new batch of reserve store managers Far away has just finished training, about a hundred of them.
"As for the 300 store managers who haven't arrived, think of a way to free up 100 vacancies and let the reserve store managers Far away take over.
"For the personnel issues before the meeting, that's it for now."
As Li Dong said this, he sat down and said, "Now, let's officially start the meeting."
When he said that the meeting was officially over, the people below were already stunned.
They knew that Li Dong was going to start with people, but they never thought that it would be like this!
Three directors, a region president, and who knows how many provincial company presidents, city managers, and 100 store managers!
This ratio was too scary.
In all the years of Gome, there probably weren't that many managers who left and went to another company.
One meeting and over a hundred people were fired, just because they didn't arrive for one meeting. Li Dong's coldness and heartlessness had simply broken their bottom line.
The people in Gome suddenly became a little noisy.
This was too scary!
Everyone was in danger!
While they were noisy, the people Far away had an expression as if it was only natural.
Including Cheng Xiao and the others, they didn't say anything.
The meeting was just a pretense. They had already guessed that Li Dong was going to do a big purge.
But not even giving people a good New Year's was indeed a little unexpected.
Even Sun Tao, who was a special attendee of the meeting, was a little surprised.
Previously, Li Dong had said that he wouldn't make a move before the New Year, but now he had fired over a hundred people. How was this going to let people have a good New Year's?
He even began to wonder if this was just a precursor.
Later, Li Dong might make even bigger moves.
Today's 100 people might just be the beginning. The management team of 2,000 people had a turnover rate of about 10%. Gome could still afford it.
In other words, there might be more than a hundred people kicked out of this team.
…
Li Dong didn't care what the others thought and said in a clear voice, "08 is over. Everyone knows about some things that happened at the end of 08.
Some people left, some people came.
Far away officially took over Gome and held 100% of the shares. In other words, Gome had gone from a listed group to a private company.
Some people might not be able to adapt and some might not be able to accept it.
But regardless of whether you can adapt or not, this is the truth.
"If you can accept it, that's great. If you can't, I don't care how you scold and reminisce behind your back after you've done your job!
"But if you didn't do your job, showed slacking during working hours, and incited the employees, then I'm sorry. You can either get lost, or I'll make you get lost!
"I'll only say these things once and won't repeat them.
"In addition, Gome will soon introduce new welfare policies. I won't go into the details. During the official start of next year, the board of directors will announce and implement it.
I won't go into the details, but it's generally beneficial to everyone. There's only one topic. Salaries and benefits will increase. Far away will be the same. That's all. "
Whispers of discussion could be heard in the audience.
Li Dong coughed lightly and said, "We'll discuss it later. Keep quiet for now!"
Once he said that, the conference room quieted down again.
"Next, I'll talk about Gome's architecture.
Currently, Gome has just entered the Far away system, so I won't make any big changes for now.
"But there are a few points that I want to make clear.
"First, Gome's logistics system will be merged with Far away Logistics. All logistics operations will be taken over by Far away Logistics.
Some distribution centers and storage centers that should be closed were closed, and those that should be sold were sold.
"Far away's logistics and storage system will be spread all over the country. It's much more developed and efficient than Gome's. It can save a lot of costs and expenses.
"Second, Gome's supply chain channels.
"I've said at the press conference that Gome and Far away will connect to the back-end data as soon as possible.
"Once the data is connected, some problems will be much easier to solve. In terms of channels, some of them will overlap with Far away. Far away's channel department will also take over.
"Third, change the brand.
"I've said this before, but some people don't understand. I'll say it again. From the beginning of the year, Gome will change the brand to Far away – Gome.
"Actually, according to my original intention, Gome will be merged with Far away Retail Group.
"But they are still new, and there are some things that they are not used to.
"I'm not in a hurry. I'll give you all time to adapt and integrate into Far away. I'll strive to integrate Gome into Far away's system by next year and become an official member of Far Away.
"The merger of the retail business will save us a lot of expenses and increase our competitiveness.
"It's not a big deal for Gome to be delisted. Some people might feel regretful. But to me, there's nothing to regret!
"When Gome was listed, its market value was only 50 billion HKD!
"This is not my, Li Dong's style. Are you all satisfied with 50 billion HKD?
"When Gome is integrated into Far away, Far away Retail Group will expand again and become a super retail group with annual revenue of close to 300 billion HKD!
"When we absorb all the fruits, is 400 billion HKD still far away?
500 billion HKD?
"Far away Retail Group will be worth 50 billion HKD when it gets listed?
It's about 500 billion HKD!
"So, if you have any regrets, you can set your sights higher. I don't think a group with less than 100 billion HKD is worth getting listed."
Cheng Xiao, Wang Yue, and the rest were speechless when they heard this.
"Such arrogance!"
"It's really arrogance!"
Currently, how many companies with a market value of 100 billion HKD were there in Hua Xia?
Not many!
But according to Li Dong, those companies with less than 100 billion HKD were not worth getting listed. This was too much of a blow.
At this time, many of the management had a vague understanding of Li Dong.
"Far away Li Dong is really arrogant, and he lives up to his reputation.
Of course, Li Dong might be arrogant, but he has the qualifications to be so arrogant.
Far away Retail Group, with the addition of the shopping malls, it will not be difficult for them to exceed 300 billion HKD next year.
It will be difficult for physical stores to reach 400 billion HKD unless they expand their scale.
But it's hard to say for the shopping malls. Maybe they can reach 400 billion HKD.
Once they reach 400 billion HKD, it will be terrifying.
Every industry is different, and the companies that get listed have different P/E ratios and market capitalization.
It's common for Internet companies to have a P/E ratio of a few hundred times.
In the industrial sector, it is much lower.
There are not many retail companies in Hua Xia that get listed, but globally, the P/E ratio is usually more than 10 times.
The so-called P/E ratio is generally the ratio of market capitalization to annual profit.
For example, annual profit of 20 billion HKD, according to the P/E ratio of 10 times, the market capitalization is about 200 billion.
Of course, 10 times is just the general situation.
Every company is different, and it is not impossible for physical companies to have a P/E ratio of more than 10 times.
Far away Retail Group's revenue really reaches 400 billion HKD, and the annual profit can reach 7%, that will be close to 30 billion HKD.
Even if the P/E ratio is 10 times, that will be a market capitalization of about 300 billion HKD.
Currently, there are not many domestic companies that have such a market capitalization. Most of them are monopolies, such as banks, telecommunications, and the energy industry.
Far away Retail Group is just a sub-group under Far away.
Far away's Internet industry, once it gets listed, it may explode with greater potential.
Everyone's hearts tremble when they do the calculations.
Perhaps, the trillion-dollar group that Li Dong previously announced to the public can be realized in a few years.
Far away Retail Group is listed, and the market situation is better. A trillion-dollar group is not a dream.
Of course, it is not enough at the moment, but based on the trend, it may be enough in two or three years.
Li Dong said a few words and continued, "Of course, it is useless to just dream. You have to settle down and work hard!
Far away Retail Group last year, I mentioned a lot of goals, and Far away Retail Group has achieved all of them.
Do you think that this kind of realization came out of nowhere?
That is because of our hard work!
For a whole year, Far away Retail Group's senior management did not take more than 10 days off. No one asked for more than 10 days off!
Can Gome do it?
Of course, you may say, why do I have to work so hard? I can still live easily if I change to another company.
I will not say much about this kind of people.
I will give you a simple data. Last year, I do not include stock options or future prospects, just the salary and bonuses.
Last year, Far away Retail Group has a total of 11 people with an annual salary of more than 10 million.
Those with an annual salary of more than a million, including some staff who receive commissions, there are a total of 187 people.
Those with an annual salary of more than 500,000, there are more, more than 300 people. I have not counted in detail, maybe more.
All in all, there would be 500 people.
I just want to ask, how many of you here have an annual salary of more than 500,000? "
The people below the stage looked at each other. This question was really difficult to answer.
Not including some messy rebates or gray income, there were almost no store managers or city managers who could really get an annual salary of more than 500,000.
Only the CEO of the provincial company had hope.
At this time, money was still quite valuable. Adding up all of them, Gome had about 100 people.
Far away Retail Group's scale was about three times that of Gome, but the senior management was not much more than Gome. Gome, including store managers, had about 2,000 people.
Far away Retail Group had about 2,500 to 3,000 people.
In other words, Far away Retail Group's management salary of 500,000 was about 20%. Gome only had this ratio of 5%.
Of course, store managers were not considered management, and many companies would remove them.
But if they were really removed, Far away Retail Group's ratio might be even higher.
Everyone was silent.
Far away Retail Group's treatment was nothing. The basic salary was actually just a small part of it. The key was still in bonuses and other benefits.
The newly rising Far Away Retail Group was willing to spend this capital.
In addition, Li Dong alone held the power and did not need to pay dividends to the shareholders. The company's income was much higher than Gome's, so the treatment of the management was naturally much better.
Seeing that they did not speak, Li Dong said in a low voice, "Hard work and returns are directly proportional!
Far away Retail Group, as long as you work hard, then I, Li Dong, will not mistreat you. I never feel bad about the money that should be given!
Every year, just the bonuses that we give out are hundreds of millions or even billions!
Every year at the end of the year, we will have a large-scale cash bonus program. Ordinary employees and outstanding employees can get 400,000 to 500,000 as bonuses. It is not rare at all!
And all of this was fought for by themselves!
Far away Retail Group Managers who bought houses and cars, almost all of them had the ability to do so.
And all of this laid the foundation of Far away Retail Group's number one private enterprise in 2008!
More than 200 billion in revenue. Far away Retail Group used five years!
What about Gome?
Twenty-two years!
You guys are regressing more and more. To be honest, I am very disappointed.
Especially 2008, it was actually worse than 2007. Everyone is improving, but you guys are regressing. It is simply shameful!
Don't work with the mindset of being the number one retail and the number one electricity company.
You guys are not number one anymore!
Not only are you not number one, you can't even enter the top three!
In 2008, although the data is not out yet, I know that Far away Retail Group will definitely be number one.
Suning Group and Bailian Group, it is hard to say who will be number two or three, but both have more than 100 billion in revenue.
Fourth, it could be Hualian Group. Of course, it could also be Gome.
Not only do you have to look at revenue, but you also have to look at profits. Purely based on profits, you guys might not even be in the top ten. Isn't it embarrassing?
Others can tolerate it and muddle through, but I, Li Dong, can't!
In 2009, under me, Li Dong, Gome's revenue must exceed 100 billion, and its profits must exceed 5 billion!
If I can't do it, I would rather auction off Gome's fixed assets and dissolve the entire Gome Group than to keep some parasites!
Don't think that I can't do it. I am always a man of my words.
I rarely give tasks to others, but once I give them, you must complete them for me!
If you can't complete them, I will kill everyone who participated in today's meeting!
If you are confident that you can find a better job, then do as you see fit. The huge Gome has been destroyed by you guys. I want to see how many companies will be willing to hire you. "
Silence, or rather, dead silence.
In the entire meeting room, not even the sound of breathing could be heard.
Li Dong's words were too harsh and ruthless.
If they couldn't complete the task, none of them would be spared!
This was no different from dissolving Gome.
This way, the lower-level employees would still be fine, but as he said, the higher-level employees would probably have a bad reputation in the industry.
Gome had been destroyed, and it was because of performance problems and other problems. All of them had been fired. How could they have a good reputation?
Would Li Dong dare to do that?
He had spent more than 40 billion on Gome. Would he be willing to spend it?
It would be good if he could get half of the cost from the auction of Gome's fixed assets. Would Li Dong be willing to lose 20 billion in a year?
This was really hard to say.
Li Dong was quiet for a while. Seeing that no one spoke, he continued, "Also, there is something I have to make clear in advance. There will be a big change in Gome's assessment and supervision system.
The capable ones will be promoted, and the mediocre ones will be relegated. This is an unchanging truth.
If you want to take my money, Li Dong's money, you must have the ability to do so.
The wastage rate is so high that I can't believe it, and the profits are so low that I almost thought I was seeing things. You guys are really capable!
Or do you think that I, Li Dong, really don't understand these things?
So far away, I can't say that I know every position like the back of my hand, but I know the general situation.
This kind of abnormal data can only be used to deceive others.
Others have feelings for you, but I don't!
Don't blame me for being ruthless if you dare to play this game with me!
So far away, more than one or two people have been sent to prison. After the New Year, Gome will conduct a major investigation!
All 1,080 stores will be investigated. I won't go back too long, and I'll use all the data from 2008!
Let's not look into the past. Before 2008, I won't care about you. After 2008, there are some things for you to consider.
Far away, there are hundreds of people in the supervision team. I don't think anything can be hidden from them.
Don't think that I'm harsh and cold-blooded … "
Li Dong paused for a while and said, "Because I'm harsher and cold-blooded than you think!
In troubled times, severe punishment is needed. I've said this to Far away's supervision department head, and I'll say it to you all!
If you don't feel comfortable working in Gome, you can leave.
Although I lack manpower, I'd rather paralyze a part of the system than let some parasites benefit. Maybe if some people leave, I can use one-third of Gome to create the previous profits!
I'm very sure of this. Don't think that it's impossible. You should know it yourself.
Also, this world doesn't lack people, it really doesn't lack people. It's hard to find high-level elites at the helm. As for middle management, I can easily find a bunch of them.
It's good that some people leave. I don't even need to compensate them, and I can also leave room for others to improve.
The future of Gome will only be better, and there will only be a brighter future.
This meeting is a warning and reminder, and at the same time, an opportunity.
Those with foresight and ability will be able to grasp this opportunity.
Those without foresight and ability will give up on this opportunity. I can't ask for more!
That's all for now. Next, CEO Wang will host the meeting. Everyone, go back and think about it. Those who want to leave, take advantage of the New Year to resign. Next year, you can find a job. It's not a bad idea. "
After a long speech, Li Dong patted his butt and left.
The moment he left the meeting room, the entire room was filled with panting sounds.
This fellow, the rumors were true. He was frighteningly confident, frighteningly cold, and frighteningly dictatorial. He was even more independent than Old Huang.
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