Upon entering the conference room, all eyes fell on Ling Tian. Everyone was incredibly curious about the young man who was the young lady’s husband.
Rumor had it that as soon as this son-in-law arrived, he had thrown the Wang family into chaos, even causing a split.
However, when these people saw Ling Tian’s age, they couldn’t help but feel a sense of disdain.
What kind of ability could a little brat who looked like he was still in high school possibly have? It was probably all exaggerated rumors.
Before the meeting began, Wang Qing Tian announced the personnel appointments on-site, declaring that from this day forward, Bai Jin Pharmaceutical would become Wang Qing Tian’s sole proprietorship.
Ling Tian would hold a 50% stake, Wang Qing Tian 30%, and Wang Bing Xia 20%.
Wang Qing Tian would serve as the chairman of the pharmaceutical factory, while Wang Bing Xia and Ling Tian would be independent directors.
No one voiced any objections to this, as it was, after all, a family business of the Wang family.
However, when the discussion turned to the company’s specific affairs, the atmosphere in the conference room became tense and confrontational.
“Manager Xu, we just came back from the workshop. Why is the production line still running at full capacity?
Didn’t I tell you a few days ago to immediately halt the production of certain product categories?”
Wang Qing Tian questioned Xu Gang with a stern expression.
“Chairman, you might not be aware, but we have signed drug procurement contracts with the authorities. If they require these medications and we can’t supply them, we might lose our qualification to provide them in the future.
Once we lose this unified drug procurement channel, our revenue will be halved. So many people are waiting to be fed; we can’t afford such a price.”
“I was very clear at the time. The varieties I mentioned to stop production were all those with no profit or even losses.
It’s better to stop producing these drugs; the more we produce, the more we lose!”
“But there’s nothing we can do. As long as we can operate, there’s cash flow.
Chairman, you don’t know how expensive it is to run a household. Our pharmaceutical factory’s monthly payroll alone is over two hundred million…” Xu Gang argued.
“You don’t need to worry about that. Besides, didn’t we receive seven hundred million in cash transferred to the company’s account in the past few days? That’s enough to support three months of operations!”
The money Wang Qing Tian was referring to was the five hundred million in cash they received during the family division. Wang Qing Tian had transferred four hundred million to the pharmaceutical factory’s account.
And the three hundred million in cash compensation Ling Tian had received from the Bai family a few days prior was also transferred to the factory’s account.
This sum was sufficient to cover several months of salaries and the cost of production line upgrades.
Xu Gang smiled, “Chairman, allow me to correct you. We don’t actually have seven hundred million in our account. We only have a little over one hundred million left, which is for employee expenses next month!”
“What? Where did the money go, all of it!”
This news struck Wang Qing Tian like a bolt from the blue!
That funding was intended to cover employee salaries for several months and to upgrade the production lines!
Without this money, their subsequent series of reforms and plans would all be unfeasible. In this world, one couldn’t move an inch without money!
“Chairman, of course, it was paid to suppliers. We owe suppliers over a billion!” Xu Gang stated righteously.
At this moment, Ling Tian spoke:
“Manager Xu, I’ve reviewed our statements. The company’s accounts payable for this period were fully settled last month. The settlement for the next period should be in three months, and it’s nowhere near five or six hundred million!
Whose accounts are you settling?”
Xu Gang glanced at Ling Tian, his eyes full of disdain.
“Director Ling, you lack social experience.
Our company has been losing money for years, and now there’s a sudden change in equity ownership. This has made the suppliers very anxious, so they come to us daily demanding early settlement of their accounts.
I was thinking of maintaining good relationships with them, making future cooperation more convenient…”
Ling Tian sneered, “So you disregarded the company’s survival and spent crucial funds like this?”
Xu Gang slammed his hand on the table and stood up, feigning great grievance.
“Chairman Wang, Director Ling, I, Xu, am not talented, but I’ve been in this industry for twenty to thirty years. I joined this company right after graduation. It can be said that no one has a deeper emotional connection to this company than I do!
No one understands this company better than I do, nor this industry!
To put it bluntly, the reform plan that Manager Wang presented is simply unworkable!”
Hearing this, Wang Qing Tian was furious. Ling Tian gave him a look, signaling him to hold back.
“Oh? Then tell us, what exactly is unworkable?” Ling Tian asked mockingly.
“You’re too naive, talking about developing new products. Developing new products isn’t that easy.
You can pour billions or even tens of billions into developing a new drug and hear nothing back. Even if you manage to develop it, upgrading the production line, advertising, and promotion – without billions, you can’t get it done.
Before a product reaches a certain market scale, it’s just losing money. What can your seven hundred million achieve?
Even if you had ready-made formulas, sending them for approval now and waiting for a new drug to be launched would take at least one to two years.
During that time, are we supposed to starve?”
“You don’t need to worry about the new drug. We will find ways to solve the funding issues ourselves!
As the general manager of Bai Jin Pharmaceutical, your role is to be an executor, to carry out the group’s orders, not to make decisions!” Ling Tian said angrily.
“I’ve done it, what can you do to me? Fire me if you have the guts!
It’s not that I, Xu, am boasting, but if I’m not in the position of general manager, no one can manage this company, and no one can change its situation!” Xu Gang said arrogantly.
Xu Gang dared to speak like this because he had a solid backing. Many of the company’s management were his loyal followers. Furthermore, the second master of the Wang family had promised him a better position, and as long as he could cause trouble for the eldest master of the Wang family, he would have a better future even if he were fired.
This was precisely the attitude of someone with nothing to lose.
His words were echoed by several managers present.
“Exactly, Manager Xu has worked tirelessly for our Bai Jin Pharmaceutical over the years…”
Clap, clap, clap!
Suddenly, Ling Tian began to applaud. His action left everyone present utterly bewildered.
They all wondered if this young man had gone mad.
“Good, good. For those present who believe Manager Xu has worked tirelessly and that Bai Jin Pharmaceutical cannot do without him, please raise your hands!”
When Ling Tian said this, the expressions of everyone present changed. This was no simple matter of raising a hand; it was forcing them to take sides!