Chapter 266: Yan Corporation’s Massive Internal Change ( 2 )
Though Feng Zhexuan’s words were harsh and humiliating, no one dared to object, their heads hanging low like children caught misbehaving.
Seeing that no one said a word, he turned to Lin Haoyu, and asked, "CEO Lin, what are your plans for the company?"
Lin Haoyu pressed a button on the remote, and a presentation appeared on the screen.
As the proposal was projected on the screen, he began to explain his plan, "As you all know, these subsidiary companies have been losing money every month for the last three to five years. On top of that, they have faced multiple lawsuits over the past decade."
"With the Yan Corporation’s current situation, the best course of action is to shut these companies down and sell their assets. The Yan Corporation’s strength lies in interior design. Focusing on our core business and expanding into international markets would be far more beneficial than wasting resources on these failing subsidiaries."
Before he could continue, one of the older shareholders immediately objected, "I disagree! If we shut down these companies, how will we pay severance to the employees? There aren’t just office workers but thousands of factory staff as well."
This sparked a flurry of objections from the others, their voices growing louder. Lin Haoyu remained patient, letting them vent. But Feng Zhexuan, who had neither the time nor the patience for such meaningless argumentation, knocked on the table to silence them.
"So, as long as the severance pay is covered, you won’t have any objections, correct?" he asked.
His question was met with silence as the shareholders exchanged uncertain glances. Finally, one of them spoke hesitantly, "President Feng, do you realize how much the severance pay would cost? The company doesn’t have that kind of money."