Chapter 162 CEOs who speak out for Gao Yang
(asking for votes)
At 8 o'clock in the evening, a board meeting was held in a conference room at the CPI headquarters at night.
This is also considered an annual board meeting.
The attendees were Chairman Feng Jinsong, CEO Yang Limin, as well as the group vice presidents and financial director.
Tonight's meeting will discuss and determine the profit assessment plan for each project in 2001, the project employee dividend plan, and the group option dividend plan.
It's all about money, and this is an annual practice.
First decide on the distribution of benefits.
Tomorrow's board meeting will discuss some key work plans, major decisions, etc. for 2002.
After the meeting started, CEO Yang Limin reported the revenue performance of the entire group last year. The national version was terrible and contributed the most.
The regional division has increased revenue by more than 9 million, mainly from city and county-level market research special issues, as well as cooperating with the national version of regional channel forums and running its own local channel forums.
Several other projects added a total of nearly 3 million yuan in revenue.
In short, CPI Group achieved a lot in 2001, with revenue hitting another record, reaching over 165 million.
Next, the financial director He Yungang reported the approved annual net profits of various projects and local divisions.
The national version of the profit data was the last one reported and was approved at 25 million.
Yang Limin didn't know this data before the meeting. It was obviously just set by his boss.
Yu Guangming, the vice president in charge of operations, glanced at Yang Limin, which meant:
"Look, I knew it was like this. It's as low as it gets, and it can't go any lower."
The net profit of 25 million was not a surprise to Feng Maonan and Wan Hong. It was basically in line with psychological expectations, but it was just a little lower.
Wan Hong originally thought that it could be approved at least 28 million.
In 2001, the National Edition achieved exceptional results, with an increase of more than 22 million yuan in revenue, all of which were actually net profits.
At this time, Boss Feng spoke:
"In 2001, the group's various projects and local branches performed very well, with only a few local branches performing poorly. This is because the general manager of the branch does not want to make progress and needs to be replaced.
The year-end dividends for the project in 2001 will be based on the approved profits and according to the system.
The only exception is the national version.
In 2001, the national version achieved shocking and exciting results. However, the net profit of 25 million was also very high, and the gap between various projects was very large.
Let’s share your thoughts on how the national version will distribute dividends.”
Yu Guangming immediately said: "Let me tell you first. According to the company system, the national version approved a profit of 25 million in 2001, and the project dividend was 7.5 million. The average per capita was close to 180,000, which is indeed very high.
Other staff are easy to talk to, but the main issue is Gao Yang’s dividends.
According to the system, Gaoyang’s project dividend is 30%, which is 2.25 million.
My personal opinion is that every penny should be paid to Gao Yang.
The National Edition's amazing performance is the result of the efforts of the entire team, but Gao Yang must account for at least half of the credit.
If this matter is not handled properly and Gao Yang changes jobs or resigns, the impact and losses will be too great."
Feng Maonan said: "Let me tell you, I agree with Mr. Yu. Gao Yang is a very special talent, and it is appropriate to fulfill it according to the system. If Gao Yang resigns, the impact on the national version of the work in 2002 will indeed be great."
Ren Jing continued: "I agree with Mr. Yu and Mr. Nan, Gao Yang plays a very important role."
Wan Hong said: "I am a young man, so I will just talk about my feelings.
In 2000, Gao Yang was the executive editor of the project and I was the general manager.
To be honest, he played a greater role than me. Without his planning, organization and execution, National Edition would not have been able to achieve more than 30 million yuan in performance in 2000.
In 2001, Gao Yang became the general manager of the project, and the national revenue increased by more than 22 million. Without Gao Yang, no one would have been able to do it.
In 2001, the national version of the team spirit was unimaginable in the past. To be honest, I admire Gaoyang's business, organizational and leadership capabilities, as well as his cohesive effect on the team.
In fact, the dividend of more than 2 million yuan sounds like an astronomical figure. It is really not a lot of money to Gao Yang. It is just an affirmation for him.
Gao Yang's father-in-law is a leader of the Yuzhou Public Security Department. The company founded by his mother-in-law is said to have assets of more than 200 million.
Moreover, given Gao Yang's personal abilities, media outlets like Ji Shi are poaching him. It would be easy for Gao Yang to make one million yuan a year if he changes jobs.
Therefore, I believe that the significance of cashing Gao Yang's dividend lies in affirming his work.
Gao Yang is a very emotional person, and colleagues across the country all agree with him..."
Some of the information Wan Hong revealed was unknown to everyone here. I didn’t expect Gao Yang’s wife’s family to be so wealthy and her father-in-law to have such status.
At this time, CEO Yang Limin also spoke: "I also support the opinions of all the bosses just now, especially what Wan Hong said just now. The dividend of more than 2 million yuan is not of great value to Gao Yang. The significance lies in the recognition of his work contribution."
At this time, after Boss Feng frowned for a while, he finally spoke:
"It's normal for everyone to have such concerns. I have them too, but..."
After Boss Feng talked about the issues he was thinking about in his office, everyone understood.
From the boss's point of view, it's not unreasonable, but aren't you afraid that Gao Yang will be disheartened and turn around and leave?
Boss Feng said again: "Let's just establish a principle. Gao Yang's 2.25 million bonus will be cashed in full, but it must be handled flexibly.
Gaoyang's project profit dividend is set at 1.25 million. The other 1 million will be settled through the group option dividend.
This year, the group’s option dividends can be implemented at a 70% dividend ratio. Gao Yang’s situation is special and his contribution is large, so his option dividends can be implemented at a 100% ratio.
Gao Yang's options were determined in advance at 1 million.
In principle, the maximum dividend for other employees of the national version project cannot exceed 300,000 yuan. For example, the executive editor Fang Jian can receive a maximum dividend of 300,000 yuan.
In principle, the salary for regional reporters should not exceed 60,000. For salespersons in the advertising department, the salary should not exceed 40,000 in principle.
The money saved from the national version of dividends in 2001 will be transferred to the provident fund in 2002..."
Everyone understood what Boss Feng meant, and it was indeed a good idea to handle it this way.
Regional reporters do not contribute much to the national edition, and the local branch will also pay some year-end bonuses to regional reporters in the national edition.
As for the salesmen in the advertising department, the average performance commission this year is close to 200,000, which is enough. The year-end bonus for salesmen is not high, which is also the norm.
As for Fang Jian, as the executive editor, he will receive a dividend of 300,000 this year, which is high enough and higher than the vice president's dividend last year.
Journalists in the national editorial department should receive an average bonus of more than 100,000 per capita, which is quite appropriate. Of course, it is up to Wan Hong and Feng Maonan to decide how to divide the bonus.
Gao Yang's matter was resolved, and everyone breathed a sigh of relief.
Even if Gao Yang no longer serves as the general manager of the national version project in 2002, CPI cannot lose such an extremely outstanding talent.
The boss and everyone here also hope that Gao Yang will come up with more ideas in 2002 to improve the management capabilities of other projects.
The board of directors for allocating profits this time met until after 10 o'clock at night.
When Wan Hong returned to the hotel, Gao Yang was talking on the phone with Gu Yawen.
Wan Hong smiled and said: "Gao Yang, your dividends will be quite large this year, and they will all be cashed in."
"Oh, the boss is so generous this year?" Gao Yang was surprised.
Wan Hong said with a smile: "Everyone sees your contribution. Tonight, most people will speak for you."
Gao Yang smiled and said: "Then I am really grateful to everyone. How much profit did you give to the National Edition this year?"
Wan Hong smiled and said: "Go to sleep, you will know when the time comes."
Seeing that Wan Hong was unwilling to reveal anything, Gao Yang shook his head and smiled, then called Gu Yawen, said good night, and went to sleep.
Wan Hong is also very happy tonight. Boss Feng is indeed generous this year. The group's option dividend ratio is 70%.
Wan Hong has 1 million options, which can pay dividends of 700,000. Including daily income, it is close to 1 million this year. This was unimaginable before.
Wan Hong started his career as a reporter at the CPI Yunnan branch. He had just graduated from college and his monthly income was only about 2,000 yuan...
Chapter completed!