No one was surprised when Feng Yu was appointed as the Machinery Company's Deputy General Manager and Motorcycle Branch Factory's Director.
The Feng Family had become the Machinery Company's biggest shareholder, and the Hong Kong shareholder, Fu Guangzheng, had a better relationship with Feng Yu than the City Government. There were rumors that during the shareholders' meeting, Fu Guangzheng had supported the Feng Family. If it were not for Feng Yu's suggestion, Li Mingde would have to give up his position as the Machinery Company's General Manager.
Now, Li Mingde was still the Machinery Company's General Manager. Everyone felt that this was the result of the City Government pressuring Feng Yu.
Feng Yu becoming the Motorcycle Branch Factory's Director was not the end. The management of the Motorcycle Branch Factory underwent a huge change. The original Party Secretary, Deputy Party Secretary, Deputy Director, Office Director, etc. were all removed. Two workshop directors were promoted to be the Deputy Director. The Finance Department was changed to Feng Yu's men. The only leader that was not replaced was the Union Chairman who was waiting to retire.
Feng Yu felt that this person had done a good job. He dared to fight for the interests of the workers, and he was not greedy for power or money. He even dared to slap the table with Li Mingde. Although he was a little old-fashioned, he was upright and had a good reputation among the workers. With this person around, when Feng Yu was not around, Li Mingde would not be able to do anything to the Motorcycle Branch Factory.
The Motorcycle Branch Factory could not just remove the position of the Party Secretary. So, this Union Chairman was also appointed as the Secretary of the Motorcycle Branch Factory. But everyone could tell that the position of the Secretary did not have much power in the Motorcycle Branch Factory. It was just that the Motorcycle Branch Factory needs an old leader.
These appointments made the rest of the Machinery Company understand that it was no longer Li Mingde's era. If Li Mingde was the Emperor of the Machinery Company, then Feng Yu would be the Emperor!
The Machinery Company had also prepared a big office for Feng Yu. There was no need to complain about the office being a waste of space. Feng Yu gladly accepted. He was a person who liked to enjoy life.
These personnel appointments completely ignored the opinions of the city, but the city could do nothing about it. The leaders who were removed from the Machinery Company were not allowed to stay in the Machinery Company. To protect his position, Li Mingde chose to support Feng Yu. He personally went to the City Government to tell them that those people were transferred to other state-owned enterprises. They would be stuck in this position for the rest of their lives.
The second day after the shareholders' meeting, Feng Yu came to look for Li Mingde. The development of the Machinery Company was very important. Feng Yu must get the Machinery Company to develop more agriculture machines. The relevant experts from the Soviet Union had been invited. It was a waste of money to let them do nothing!
There was another goal, and that was to subdue Li Mingde!
"Manager Feng, I understand what you are saying. But the City will take away most of our profits every year. How are we going to have the money to develop new technologies and new products?" Li Mingde doesn't dare to call Feng Yu by his full name and will never call him Xiao Feng again. He knew very well who had the final say in this company!
Li Mingde had not been idling around all these years. He knew the importance of technologies in a company. How did the Machinery Company rise so quickly? It was because they had advanced technologies in China.
The company had a technical department, but there were no experts in the technical department. They were only good at dismantling other people's advanced farming machines and then copy them. But to ask them to innovate? Sorry, they could not do it!
The company had hired external experts from the Soviet Union, but these experts were too troublesome. Every one of them needed a professional translator, and they were all arrogant. It was too difficult to command them. Every time they were asked to do research, they would ask for money. They did not even know how to prepare a budget.
In the beginning, Li Mingde had given them money, but he was not satisfied with the products they produced. After that, the City Government started to take away all the profits from the company. It was already good enough for the company to maintain its operations. There was no more money to invest in R&D.
Feng Yu frowned. It was not Li Mingde who was short-sighted. It was some leaders in the City Government who were short-sighted.
"Who is in charge of the State-owned Assets Supervision and Administration Commission? Didn't you tell them that if this carries on, the Machinery Company's market share will drop, and the company will go back to its old ways?"
Li Mingde stammered for a while and then lowered his head and said: "Deputy Mayor Xu is in charge of the State-owned Assets Supervision and Administration Commission."
Damn, it's him.
Li Mingde continued to explain the situation, and Feng Yu understood.
This Deputy Mayor Xu could be said to be Li Mingde's talent scout. Without him, Li Mingde would not be where he was today. Last year, Deputy Mayor Xu was vying with Zhang Ruiqiang for the position of Executive Deputy Mayor. Of course, he needed some achievements. He was in charge of the industries and the State-owned Assets Supervision and Administration Commission. Because of this, many state-owned enterprises' funds were drained by him.
But the No. 1 of the Provincial Government knew that all these were not due to Deputy Mayor Xu's efforts. Zhang Ruiqiang was also the one who led the state-owned enterprises to get loans from the banks to buy the Soviet Union's advanced equipment and technologies. Furthermore, Zhang Ruiqiang was also the one responsible for the restructuring of the Machinery Company. So, even though Deputy Mayor Xu had created an image of the state-owned enterprises increasing their income last year, he still did not get promoted.
"I was wondering why he was getting dividends last year. So, this is the reason. What about this year? Will he do the same thing again? "Feng Yu asked.
"It seems that he is still thinking about this. I heard that the Provincial State-owned Assets Supervision and Administration Commission's Director might retire early."
Damn, using our credit to get credit for himself and not caring about the development of the company. How can this kind of person be in a high position?
Feng Yu waved his hand: "This year, the Machinery Company must set aside at least 20% of the company's profits for R&D, 20% for reserve funds, and the remaining 60% for dividends to the shareholders!"
Li Mingde was shocked. 40% of the company's profits? Feng Yu was too daring. The City Government would never agree to this!
"General Manager Feng, we don't need 20% of the profits for R&D, right? Also, we don't need so much reserve funds. Maybe we don't even need it. The Machinery Company's finances will not have any problems. "
"If the City Government leaders are not satisfied, they can come and look for me!"
Li Mingde was feeling bitter in his heart. You are not afraid, but what about me? I am only the General Manager appointed by the City Government. If I offend the higher-ups, what if they fire me?
You have the shares, and you are the major shareholder. If I leave the Machinery Company, I will not be able to get a good position! You make it sound so easy. Let the City Government leaders look for you. You are not part of the government. Can I tell the leaders about this?
In his heart, Li Mingde was stabbing a small grass doll with a needle. Feng Yu's name was written on the doll's face.
Feng Yu patted Li Mingde's shoulders and said: "Old Li, are you afraid that you will be fired? You still have not changed your mindset. We are now a shareholding company, and the shareholders have the final say. The City Government does not have the final say. If the City Government were to transfer you away, you can choose to stay in the company without pay, or go into retirement. I will hire you to be the General Manager of the Machinery Company! "
Now, Li Mingde was the most suitable General Manager. During the shareholders' meeting, Feng Yu did not replace him. If the City Government were to change the General Manager, Feng Yu would call another shareholders' meeting.
Li Mingde's eyes brighten up: "General Manager Feng, are you serious?"
Feng Yu rolled his eyes at Li Mingde: "I am so busy every day. Is there a need to tease you? Work hard in the future, and I will not mistreat you. "
Looking at Li Mingde's grateful eyes, Feng Yu knew that Li Mingde was slowly leaning towards him.
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