It's the end of the year again, and Feng Yu is satisfied with both companies' financial reports.
All his subsidiaries' revenue had increased significantly. Wind & Rain Consulting and Taihua Consulting are still investing in gold and crude oil these two years. But the stock market had become their main source of income.
The impact of the economic crisis had passed, and many countries' economies had started to recover. Some companies whose share prices had plummeted had recovered, and Feng Yu had made lots of money.
Especially Feng Yu's subsidiaries. Wind & Rain Consulting and Taihua Consulting had bought a lot of these companies' shares in the past. As the companies' performance improved, their share prices also increased.
Feng Yu is satisfied with Lenovo Group, Lenovo Kingsoft, Bing City Pharmaceutical, Beidacang Group, and other Hua Xia companies' performance.
In the past, Hua Xia was the global market, but Hua Xia's companies rarely ventured overseas. Now, not only Feng Yu's companies, but other state-owned enterprises and private companies had also ventured overseas and were doing well.
Now, not only Bing City Machinery's vehicles are exported overseas, but a few other automobile manufacturers from Hua Xia are also exporting their vehicles to Southeast Asia, Europe, and the US.
Feng Yu had also "designed" the exterior of a few models and handed them to Liu Michael and the rest. After that, they were introduced into the market.
Unknowingly, Weather-resistant Design had become the world's top design company. They have the most designers, the highest turnover, and the highest profits.
Feng Yu had only invested a few hundred thousand RMB in the beginning, and the value of his shares had increased to a few billion RMB!
The company's profits are increasing, and Feng Yu's donations are increasing. Hua Xia's schools in every city have more than one Tai Hua building. Feng Yu had even donated the entire building and expensive equipment to some schools.
Hua Xia's education resources are still not comparable to Europe and the US, but the gap is narrowing. Feng Yu believed that perhaps in another 50 years, Hua Xia's educational resources would be on par with those in Europe and America.
This was because more and more talented people were willing to return to Hua Xia. It was different from 20 years ago when many people went abroad and were unwilling to return.
On one hand, the living conditions and income in China could not be compared to overseas. On the other hand, the research environment in China could not be compared to overseas. If you wanted to do some experiments, there was no equipment at all.
Hua Xia was not only rich now, but there were also many places that attracted those talents. For example, Hua Xia was a country where guns were banned, so it was safer. For example, Hua Xia had the world's richest man who loved to invest in new things. As long as he was interested in something, he would definitely be more generous than others.
The company was developing very well, but there was also a problem that gave Feng Yu a headache. This problem, Feng Yu had already considered.
Zong Qingxian and Liu Chuanzhi had decided to retire. Both of them had wanted one of them to stay for another 5 years. But now, both of them were not in good health and could not take on too much work.
So, both of them discussed with Feng Yu. They wanted to resign from their positions as the President and CEO within a year. If there was a need, they could retain their positions as directors. If there was no need, both of them would just be consultants.
Actually, there was another person in Taihua Holdings who was suitable for this position, but he did not agree to it. That person was Fu Guangzheng.
Fu Guangzheng was one of the first people to work with Feng Yu. He was capable and had connections. He had been one of the directors and Deputy CEO of Taihua Holdings for a long time and was very familiar with Taihua Holdings' businesses.
But Fu Guangzheng will be inheriting the Fu Family's businesses. The Fu Family was not a small family, and with Fu Guangzheng and Fu Guangwei's assets, the Fu Family's assets in Hong Kong were comparable to Superman Li's family. Their assets were at least a few billion USD.
As the head of a family with tens of billions of USD in assets, Fu Guangzheng had a lot of work to do. He was worried that he would not have the energy to manage Taihua Holdings. It was not that he was unwilling.
His main assets were Taihua Holdings's shares. But he felt that Feng Yu could manage the company by himself. Furthermore, there was still Wu Chih-gang.
Two days ago, Feng Yu had gone to Hong Kong again to speak to Fu Guangzheng. Wu Chih-gang was a capable man. He had trained his capabilities and had enough prestige. But Taihua Holdings's Chairman and CEO were separated. Also, there were too many subsidiaries under Taihua Holdings, and it would be too busy for one person to manage.
It was not that Feng Yu did not want to give two salaries to one person. But this way, Wu Chih-gang might not have enough energy, and it might affect the company's development.
Feng Yu usually does not manage the company, and if he made a wrong decision, the losses would be too high.
Fu Guangzheng did not give Feng Yu a definite answer, but he could tell that Feng Yu would rather let Wu Chih-gang take over two positions than manage the company personally.
Feng Yu was used to being a hands-off boss.
Fu Guangzheng still wanted to discuss with Fu Rongqi and get his eldest uncle to give him an idea. The head of the Fu Family must be Fu Guangzheng and no one else. This matter will affect the Fu Family's future.
It was not only Liu Chuanzhi and Zong Qingxian retiring. Many of the company's top management were also at the retirement age. Many of them were obsessed with power and did not want to retire.
But there were also some who were not obsessed with power and wanted to enjoy life. He didn't need to go to work on time every day, he didn't need to read so many documents, and he didn't need to make so many important decisions. He didn't have so much pressure.
For example, Li Jingwei, Duan Yongping, and Shi Yuzhu were not young anymore and wanted to retire. Of course, they did not want to retire completely and were willing to work as consultants for Taihua Holdings.
These people were not the directors of Taihua Holdings, but they had been the Deputy CEO of Taihua Holdings before. They were capable in many aspects.
Wu Chih-gang was the most worried when so many top management were going to be replaced. He was prepared to be the President or CEO, but all of you cannot retire so suddenly. You all must wait for at least two years. Let me choose the right person to be in charge of the subsidiaries.
That's right. All of you had recommended your successors, but I still need to check them first. Some people were outstanding when they were in the Deputy position. But when they were in charge of the company, their shortcomings would be exposed.
For example, they lacked courage, indecisiveness, limitations in their thinking, and could not consider the big picture.
But these people were too old and did not lack money. Feng Yu could not bear to force them to stay. So, Feng Yu discussed with them and decided to let them be the consultants of Taihua Holdings. Their salaries were not high, and they could step in if there were any problems.
Feng Yu looked at the list of people who applied to be the consultants and sighed. Isn't this team of consultants too big?
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