There was a "pop" sound on the desk, followed by an angry roar: "Didn't I tell you repeatedly that you were going to attend the shareholders' meeting? Why did you still let a few directors attend on your behalf? Look at these newspapers
What did you write? Look at the letters of protest written to us by small shareholders and labor unions. These are all the troubles you caused. I will give you three days, otherwise you will resign voluntarily!"
It was still the villa in Mid-Levels. There were still only Lawrence Kadoorie and his son Michael Kadoorie in the study. But today the atmosphere in the study was full of the smell of gunpowder. Lawrence's face was livid, while Michael's was full of anger.
How could the relationship between father and son be like this? A few days ago, weren't fathers kind and sons filial? All the answers are the newspapers that Rowlands threw on the desk just now.
It turned out that Lawrence had asked Michael to attend the shareholders' meeting in person, but Michael won the board meeting and retained his position as chairman of the board and general manager. Michael Kadoorie thought he had everything under control.
, no longer take those small shareholders who are looking for trouble, and as for those unions that only clamor for salary increases and benefits all day long, Michael will not take them seriously. As long as those employees are still doing his job,
Then I won’t be afraid of you flying into the sky.
The habit of foreign businessmen not taking ordinary employees and small shareholders into consideration was committed again by Michael Kadoorie. He did not attend the shareholders' meeting that would be held later, nor did he go to meet with the union officials and employees.
Representatives. In addition to sending their assistants and secretaries, as well as several management managers to meet with the union and attend the shareholders' meeting, they only focused on mobilizing funds to prepare for a decisive battle with Liu Luanxiong in the stock market. In Michael Kadoorie's view
, the biggest enemy is Liu Luanxiong, who has not made any movements yet.
This is a mistake usually made by British and foreign businessmen in Hong Kong. In their eyes, Chinese people will always be tools to make profits for themselves. As for the so-called benefits, it depends on the mood of the boss. Earning
The more you earn, the better your mood will be, so you can still consider leaving a little money to comfort yourself. If there is not much growth in profits, let alone benefits, it would be good to be able to get paid on time.
Michael Kadoorie has this kind of mentality. In his opinion, those small shareholders cannot make any big waves. The most the union can do is protest. Are they afraid that they will encourage those employees to resign? But this time he was wrong.
Now, driven by thoughtful people, after a meeting between the union and employee representatives, they decided to take industrial action in the next month because the hotel management ignored the employees' demands and even looked down upon the employees. Every day, no matter whether it was a waiter or a waiter,
Even among middle- and low-level employees, one-third of them will take leave, and the rest will work on time and will never work overtime or overtime.
Small shareholders also complained that the hotel's management did not come forward to explain their problems, and ignored their problems. Some small shareholders have lost confidence in the future of the hotel and have begun to sell their stocks.
Kadoorie's misfortune was not over yet. The media received the news immediately, as well as the resolution made by the union and employee representatives. The next day, most newspapers in Hong Kong reported on the union's industrial action and the
Small shareholders have extensively reported on their disappointment with the management. Not only did they describe with pictures and texts the irresponsible behavior of the management in not coming out to explain the problems during the shareholders' meeting, but they also ignored the demands raised by the union, causing the union to
There will be a meeting later to discuss industrial action for protest action.
A large number of reports have accused the management of large hotels of neglecting employees and shareholders. Such managers must never be tolerated again.
"Does the Kadoorie family think that low-level employees are not human beings? Can they completely ignore their demands and behaviors? Every year, Kadoorie relies on these hard-working employees to obtain corresponding benefits and status, but when these people ask for
, these bosses and managers, who have always been aloof, can throw everything aside. Is this the conscience of a boss?" --- "South China Morning Post"
"What is a manager? Managers are the main body of the management behavior process. Managers generally consist of people or groups of people who have corresponding powers and responsibilities and have certain management capabilities to engage in practical management activities. Managers and their management skills play an important role in organizational management activities.
Play a decisive role. Managers accomplish the goals in organizational activities by coordinating and monitoring the work of others. As a manager, Kadoorie has received corresponding powers, but has he fulfilled his responsibilities? Managers enjoy the management of people or groups of people
Although they have power, they have ignored the demands of employees and alienated employees. Is this what a qualified manager should do? If he is not able to coordinate work and complete basic goals, such managers should carefully review their own abilities.
Could it be that the old aristocratic class power is about to emerge in Hong Kong again? Should these old wealthy businessmen and tycoons enjoy such irresponsible rights?" - "Ming Pao"
“We want to have the rights that belong to our workers, we want to raise wages, and we want the benefits that we deserve. The rich will only try their best to exploit the benefits that employees deserve, and they will enjoy the wealth created by their employees every day.
Shark's fin, abalone, lobster, these are common dishes on the tables of the rich, but why do they enjoy them? Isn't it all the money created by employees that allows these rich and unkind businessmen to enjoy things that ordinary people may not be able to enjoy in their lifetimes?
A dinner. It is recommended that the government and the Labor Bureau vigorously investigate whether these people have violated labor laws and other corresponding laws and regulations, and must severely punish those businessmen who have violated the law." --- "Oriental Daily"
"Whether it is a trade union or a small shareholder, they should solve the problem through discussions and meetings, and do not use extreme means to carry out so-called protest actions, which will harm their own interests. Although Kadoorie has some ideas in this matter
It is lacking, but after all, he is a manager with many years of management experience. He cannot do everything by himself. Moreover, it happens to be a difficult period for the big hotel. There are strong enemies outside who want to make acquisitions, and there are unstable factors inside.
How can a manager listen to everyone's voice? It is necessary to have demands and requests, but you must understand the difficulties of managers. There is an old Chinese saying: 'To deal with foreign affairs, you must first make peace with yourself at home'. No
How can the management of big hotels deal with the danger of takeovers in the stable rear? Aren't the small shareholders and labor unions afraid that if Kadoorie really collapses, will the new managers be able to meet your demands?" - "Sing Tao"
daily"
Although there are not many people complaining about Kadoorie in the reports, but in the mainstream, these reports are just a drop in the ocean, and they are quickly covered up in many words and criticisms. The stock price of the hotel has been falling again and again, regardless of
Be it small shareholders or retail investors in the stock market, after seeing these reports, they all sold off the hotel shares they held at the same time. No one wanted their stocks to shrink significantly.
It is not that the hotel has not made efforts. With the efforts of the Kadoorie family, all the management came out to hold meetings with labor unions, employee representatives, and small shareholders to discuss, but the results were minimal. At the meeting where no one from the Kadoorie family attended,
Under the criticism and denunciation of thoughtful people, the management is powerless. Industrial action is still going on, employees still work on time, and those who should take leave also take leave. As for those small shareholders, they don’t care what your management is explaining, and they should do it as soon as possible
It makes sense to sell the hotel stocks that are becoming worthless.
The Kadoorie family is now in dire straits, and Rowlands personally takes charge of this anti-takeover battle. As the hotel's stock price falls, Rowlands will use more funds to prop up the stock price. But what about his opponents?
Can he easily do what he wants? Liu Luanxiong has once again sold off the shares of the hotel he had quietly bought through different accounts, making blind small investors think that the hotel would fall sharply again, and they all rushed to buy it.
Go to the exchange, or call your trading broker, and sell all the stocks in your hand.
It had just risen by less than 6%, but then fell by nearly 10%. Kadoorie has invested nearly 400 million Hong Kong dollars in the stock market, but the results have been minimal. In Liu Luanxiong's operation, a large number of large stocks
Hotel stocks have flooded the market. The lower the stock price is, the more people are selling. Kadoorie's behavior of investing a lot of money to increase the stock price is undoubtedly a tactic to quench thirst. They cannot single-handedly fight against the entire hotel industry.
In a market confrontation, it is impossible to reverse this defeat by oneself.
Originally, the funds were sufficient, but they could not withstand the bottomless pit. In desperation, Rowland had no choice but to put aside his old face and personally visit bank executives and British businessmen such as Jardine and Taikoo who had good relations with the Kadoorie family, hoping that
They can help.
"Hahaha! Come, let's toast and wish us success." Liu Luanxiong's home, several of his confidants came here to gather. Today is the happiest day since Liu Luanxiong started the acquisition. As the hotel's stock price fell more and more
The lower it is, the sooner he can come out and clean up the mess. As long as he takes action, he can easily get the shares of big hotels that no one wants outside. With these stocks, he will become the major shareholder of big hotels and surpass
The Kadoorie family has full control over the hotels under Grand Hotels.
"Yes, the big hotel will be ours sooner or later. Now Kadoorie has found a lot of banks that have good relations with him, but no bank is willing to lend them money without collateral.
.As for Yihe, who spoke very nicely before, they are still waiting and watching. If they see that Kadoorie is really not good, I think they will not only not provide help in times of trouble, but they may also add insult to injury."
"Haha, you underestimate the Kadoorie family too much. An old family that can exist for hundreds of years will not fall down so easily. Besides, the hotel is only one of their many industries. Even if it is really lost, the most they can do is give it up reluctantly.
It won't hurt the roots. As long as they are given a chance, Kadoorie can still recover." Liu Luanxiong saw clearly that with his current strength, it was impossible to uproot Kadoorie. Those British businessmen could let him and Kadoorie go.
The truth is competing in the stock market, but it will not be allowed to destroy an old century-old family. This has become a default rule. As long as you participate in this kind of game, then you must abide by this rule that has been