Translator: Atlas Studios Editor: Atlas Studios
News of Old Mr. Wen being released from police custody had yet to be reported. Upper-class society, the media, and the internet were all focused on the fate-deciding shareholder’s meeting of the Wen Corporation.
Everyone wanted to know if the Wen Family could still continue to control the Wen Corporation as its main shareholder after this shareholder’s meeting. Or would the alliance of minority shareholders led by Qian Jianhui snatch over control and change the fate of the company?
The public discussed this event fervently.
The majority opined that the Wen Family had already reached the end of its rope. Old Mr. Wen was still in police custody and although Wen Xinya was very capable, she lacked experience and was unable to control the shareholders. Meanwhile, Qian Jianhui wielded a substantial amount of power as the Wen Corporation’s Executive Director. At the same time, he was also on good terms with many other shareholders. With the support of both the board of directors and the shareholders, he was fully capable of gaining control of the entire company.
There was also a portion of people who felt that it was all thanks to Wen Xinya’s management that the Wen Corporation still maintained a sense of order despite the money laundering scandal and Li Corporation’s attack. As a result, they believed she must have something significant to fall back on and that Qian Jianhui and company would fail in their bid.
Of course, there were also Wen Xinya’s fans, who offered her their unconditional trust and support. They fully believed there was no way Wen Xinya could be defeated by Qian Jianhui and were waiting eagerly to see how she would counterattack.
Meanwhile, everyone within Wen Corporation was feeling extremely antsy.
It was inevitable that the waves created by the upper management would impact the rest of the staff. No matter who gained ultimate authority, it would definitely affect the fate of the rest of them ordinary folk.
Then, in the latest development, Old Mr. Wen, in his capacity as Chairman of the Wen Corporation, announced a slew of revocations and promotions, effective today!
Very quickly, the executive department transmitted this news throughout the company, informing every single employee.
At the same time, news of Old Mr. Wen’s release from police custody and the Wen Corporation being absolved of all suspicion were announced.
Everyone in the Wen Corporation rallied at this news.
A strong sense of unity erupted in the hearts of everyone because of the return of Old Mr. Wen, the backbone of the Wen Corporation.
At this point, Wen Xinya and Old Mr. Wen were deep in discussion in a meeting room.
“During this period when the Wen Corporation was in my control, I carried out a major reorganization of the company. Wen Corporation is already subtly progressing toward a meritocracy management model. I will make use of this opposition movement led by Qian Jianhui to get rid of those directors and shareholders who only care about their own self-interests. I will give the company a complete makeover and use modern management style to bring it to the next level.”
Xia Ruya wanted to make use of Qian Jianhui to swallow the entire Wen Corporation. Her greed and ambition were spine-chilling.
So Wen Xinya decided to meet her eye to eye and beat her at her own game. She carried out a major revamp at the Wen Corporation, which would boost the company’s future development and also strengthen the Wen Family’s control over the company.
She would achieve the final victory in this battle.
And the loser would pay a dreadful price.
Wen Xinya continued, “Continue to increase the Wen Family’s shareholdings and maintain our 51% ownership. The remaining 49% will be spread out amongst the board of directors, upper management and investors. This will moderate the Wen Family’s influence on the company and offer better protection for the minority shareholders.”
In this way, there wouldn’t be any more instances of minority shareholders being suppressed and being so easily swayed and manipulated by others.
“If we can improve and optimize the linkages between the shareholders, board of directors, the supervisory board and upper management, we can realize a true meritocracy management style and avoid situations where the board will act only in their own self-interest while the shareholders are left in a dilemma. Flattening the upper management hierarchy will simplify things and raise efficiency levels. When problems arise, there won’t be cases of people just trying to push the blame onto one other.
“At the same time, we will form a perfect tripartite comprising of the shareholders, the board of directors and the supervisory board. These three will be in charge of strategy, execution, and supervision respectively. Each group will have their own responsibilities and their own authority so that they will balance out the power and control held by each other.”
Wen Corporation’s modernized management style would be different from Lanxin Company’s.
Lanxin Company was an elite team completely driven by meritocracy.
Meanwhile, Wen Corporation’s management team was only semi-elite. This was more suitable for the gradual shift in management styles that the company required.
Old Mr. Wen was listening very closely. “Your suggestion is pretty good. Although the Wen Family’s shareholdings and control will be decreased, it will safeguard our authority as the strategy-makers. This will, in turn, boost the company’s resources, competitive edge, and future potential.”
As the majority shareholder, the Wen Family’s control may decrease, but their role in the strategy-making would increase. This would be a more palatable management style.
He had previously looked into such modern management styles, but he was still more conservative than Xinya. It looked like she had conducted quite a bit of research into the Wen Corporation’s current management situation.
Wen Xinya nodded. “The Wen Family is leaving their control to the management and only retaining strategy-making rights. In this case, Grandpa can sit back and assume a more relaxed role as Chairman.”
Grandpa was getting on in years now and didn’t have that much energy left to manage the Wen Corporation.
And she had no intention of taking over the Wen Corporation for now. This type of management model was the best for the Wen Corporation.
Old Mr. Wen raised his brows slightly as he understood her meaning. She did not mean to take control of the company for now. “Xinya, you are the heir to the Wen Family. The Wen Corporation will be yours sooner or later. You are the future hope of the company and now is the best time for you to take over the reins. Why are you still…”
Old Mr. Wen now realized that Xinya had purposely maintained a certain distance during this period when she had been overseeing the Wen Corporation. She had poured in her best efforts for the company but ensured that she could leave anytime.
He couldn’t understand her way of thinking.
Wen Xinya held Grandpa’s hand but didn’t explain further. “Grandpa, you will know soon enough.”
She knew that Grandpa trusted her and wouldn’t probe further.
Old Mr. Wen was full of doubts and queries, but in the end, he just changed the subject. “In that case, I won’t force you. However, the Wen Corporation has just suffered such a massive blow and is now undergoing a major revamp, so I still need you to around to implement things. That shouldn’t be a problem, right?”
This granddaughter of his had too many secrets. It frustrated him, but he had no choice.
All these years, he had been spending more time doing charity and his personality had changed significantly. He was no longer as overbearing and stubborn as before. Hence, as frustrated as he was, he could still accept her words.
Wen Xinya smiled. “Of course. I can’t bear to let you undertake such a stressful and difficult task.”
