Volume 11 Wanmu Shuangtian is red and radiant Chapter 46 Design, cut into pieces, inspire (continue to make up
Whether it is Wei Jiaping or Yu Zhe, Ren Donglai knows that once the city makes up its mind to merge Lushan Group with the four major textile state-owned enterprises, Lushan Group will have little room for resistance. Although they are the founding veterans of Lushan Group,
, but Lushan Group is a township enterprise and a collective enterprise. As corporate executives, they only have management authority but no ownership rights. They are very clear about this.
From the initial news they learned, the city wanted to let the four major state-owned enterprises form a textile industry group, and then absorb Lushan Group, with the management of Lushan Group as the management of the new Lushan Textile Industry Group. From this level, Wei Jiaping
, the personal rights of Yu Zhe and Ren Donglai have not been greatly weakened. On the contrary, the merger of Lushan Group and the four major textile state-owned enterprises should be more convenient if they really want to seek personal gain from it.
It should be said that they are sincerely considering the future development of Lushan Group. Lushan Group is like an infant in swaddling clothes. It has come step by step to the present. They have also devoted too much effort, so they will find it difficult to accept any behavior that harms Lushan Group.
.
What they are most worried about is that the newly established Lushan Textile Industry Group will be formed by merging the assets of the four major state-owned enterprises and the old Lushan Group. Lu Weimin also revealed that in order to reduce the huge pressure brought by the four major textile state-owned enterprises, the city government will
Most of the debts of large textile state-owned enterprises will be divested, which means that the four major textile state-owned enterprises will go into battle lightly and merge with Lushan Group.
This is originally a good thing for Laolushan Group, but it also brings about a problem, that is, after the four major textile state-owned enterprises have divested most of their debts, their assets are bound to exceed that of Laolushan Group, which means that the municipal government will
The shareholding of this Lushan Textile Industry Group will exceed that of the old Lushan Group and become the largest shareholder. In other words, in this case, the city government can openly intervene in the operation of the new Lushan Textile Industry Group. This is how many times they have
The most worrying one.
If the leaders in the city are as open-minded as Lu Weimin and understand economic work and business management, Wei Jiaping and others will naturally have nothing to worry about. Everyone is trying to develop the company better and stronger. They have the same purpose and have the same views on many issues.
Agreed, but with an iron-clad camp and smooth soldiers, how long can Lu Weimin serve as the executive deputy mayor of Songzhou City? Can he go from executive deputy mayor, mayor, to municipal party secretary step by step? What's more, now Lu Weimin is still the secretary,
Mayor, what if their views are different from Lu Weimin's and they want to interfere in the management of the new Lushan Textile Industry Group?
These problems are quite realistic, and they have to consider them carefully. Once some unexpected situation occurs, it may bring disaster to the entire Lushan Group.
But now there is something else revealed in Lu Weimin's words, that is, the city government seems to be giving up its controlling stake in Lushan Textile Industry Group, and will hand over the controlling stake of the new Lushan Textile Industry Group to the old Lushan Group. What are the considerations?
, how to achieve it?
"Lao Wei, Lao Yu, Lao Ren, what's wrong? Isn't it possible? Government functions are not managed by enterprises. Even if there were originally, it would be a misplacement. Gradual withdrawal is inevitable. In this round of restructuring design
I have also studied it many times with Secretary Monk, Mayor Tong and others. My point of view is very clear. The government should return to its own work. Don’t indulge in the small power for a day and be reluctant to give it up. Failure to do so will only bring more problems and
"Trouble, both Secretary Shang and Mayor Tong agree with my point of view." Lu Weimin said calmly: "As for whether your Lao Lushan Group holds a controlling stake, and how to realize your management's control over Xin Lushan, I think this still needs to be worked out.
After specific discussions, I have an idea, which is to cut the equity of Xinlushan Group into three pieces, one is held by Laolushan Group, one is held by the enterprise union or employee stock ownership association on behalf of the employees, and the other is held by the municipal government.
Songzhou Textile Industry Group holds it. We will discuss the specific shareholding ratio, but my opinion is to ensure that your existing management has operational control over Xinlushan. At least during my tenure as executive deputy mayor,
You will have absolute full control and influence!"
The three major equity structures proposed by Lu Weimin made Wei Jiaping, Yu Zhe, and Ren Donglai's eyes brighten. It was obvious that they heard the implication of Lu Weimin's words. Yu Zhe quickly picked up the words and asked: "Mayor Lu, it's not us.
If you don’t believe in the city government, you must be fine. We also hope that you can stay in Songzhou for the rest of your life, but this is impossible, so what if you get promoted in the future?"
Lu Weimin smiled and said, "Old Yu, don't test me here. I do have this intention, that is, let Xinlushan take the path of public listing to completely complete the joint-stock reform of Xinlushan, and I am also considering designing a plan.
, that is to adopt a combination of value-added quantitative equity incentives and employee stock ownership meetings to solve the benefits that our employees, especially our business managers, will obtain in the future development of the company, and to maximize the work creativity of our management.
and positivity.”
"Mayor Lu, are you serious? Is there really such an idea in the city?" Ren Donglai, who was overjoyed, even his voice changed a little, stared at Lu Weimin, and asked in a trembling voice.
Value-added quantification and equity incentive policies are not new things. In Lu Weimin’s memory, they have already been tried in Guangdong Province. It seems that TCL Group’s restructuring adopted this method. Lu Weimin believes that this method is more reasonable and can maximize the state-owned and
Collective assets are not lost, and the subjective initiative of management can be fully mobilized.
"This is my personal idea, but Secretary Monk and Mayor Tong have also discussed that the textile industry is a fully competitive industry, especially when our domestic market is currently not very prosperous, how can Lushan Textile Industry Group form a large ship to go to sea?
To achieve the goal, I think management is very important. At the same time, the employees of our four major state-owned textile companies have also made great contributions to the development of the company over the years. Now the company is in trouble, which has something to do with the original management, but
It has little to do with ordinary employees, so my personal opinion is to thoroughly quantify the property rights of Xinlushan Textile Industry Group, cut it into pieces, and cut out a piece of Guilucheng County and the Lubei Town to which the old Lushan Group belongs.
The new management will be able to obtain part of the employee stock ownership meeting, and the specific proportion can be discussed and studied. The other part is that the municipal government has invested in the assets of the four major state-owned textile companies, which is state-owned property."
Lu Weimin's eloquent talk completely attracted the attention of several people present. Even Duan Houbai and Gu Ziming, who were somewhat familiar with the plan, heard Lu Weimin introduce the operability of the plan in detail for the first time.
"After determining the specific assets of the existing Xinlushan Textile Industry Group, it will be calculated based on the restructuring time. It will initially be three or five years, and the management will be completely delegated to the management. The return on assets will be no less than 10%.
, every time it exceeds the proportion, a certain proportion of the excess income will be determined and rewarded to the management. The higher the excess income, the higher the reward proportion will be, realizing the optimization of the property rights of the entire Xinlushan Textile Industry Group."
"For example, after the asset evaluation, the net assets of Xinlushan Textile Industry Group as of the end of May 1998 were 500 million. Then by the end of May 1999, Xinlushan's net assets had achieved a return on assets of 20% after evaluation, exceeding the market
If the government determines a 10% benefit, then the excess is 40 million. Then it can be converted into Xinlushan's equity as a reward at 10 or 15% of the 40 million. If 100% is achieved,
If the return on assets is 30 or 40%, the excess of 20% or 30% is 80 million or even 120 million. Then the 80 million or 120 million can be calculated according to the percentage
Twenty or thirty years will be converted into Xinlushan's equity to reward the management. This method can last for three to five years. On the one hand, it can encourage the management to exert their creative initiative to the maximum extent, and on the other hand, it can maximize the realization of state-owned assets.
It can maintain and increase value, and at the same time, it can also optimize the equity of the entire Xinlushan Group and lay a solid foundation for the next listing. This is my idea."
Wei Jiaping saw the ecstasy in the eyes of Yu Zhe and Ren Donglai. Although they have always had the final say in the Lushan Group, this was based on the good development momentum achieved by the Lushan Group, and
The ownership of the company still belongs to Lubei Town. At present, the main leaders of the Lucheng County Party Committee and County Government still have great trust in them. But what if the leaders are changed in the future, and what if there are temporary difficulties in the operation of the company, or the development direction of the company is not very good.
Is it in line with the leader’s intention? Will they be kicked out? It’s hard to say.
Now Lu Weimin's intention is very clear. On the one hand, he wants to completely change the ownership structure of Xinlushan Group. On the other hand, he also intends to expand the rights and interests of the company's management and employees. It should be said that this idea is difficult to imagine from a government leader.
According to their thinking, the government just wants to firmly hold all power in their hands instead of giving it to others. Whether it is the management or ordinary employees, they are not the ones they consider at all.
But Lu Weimin's idea completely overturned their understanding, and even made them unable to believe that the Songzhou Municipal Party Committee and Municipal Government had such far-reaching insights.
If this is just Lu Weimin's idea, will the Songzhou Municipal Party Committee and Government agree? Wei Jiaping, Yu Zhe and Ren Donglai are all skeptical.
Please vote for monthly tickets to make up for updates! (To be continued. Please search Piaotian Literature, the novels will be better and updated faster!)