[164]Slim and tight 4
“great. I too have a headache that is killing me, so I will tell the chairman. “Please meet in person and discuss it.”
Hakjae Lee buried himself in the chair.
The presidents of financial affiliates flinched, but did not back down. That’s why this incident is so difficult to tolerate.
“I’ll make a schedule and let you know. “I will tell Director Lee well so that he does not suffer any harm.”
As they left the office, Hakjae Lee picked up the phone.
“… President. Since this is serious, I think you should meet me once and talk to me about it. yes… . yes… .”
Hakjae Lee, who ended the call, was so curious about how this interesting story would unfold that he went crazy. However, since it is a seat, it is clear that he will not be able to attend… .
“How will our rich kid deal with those smart snakes…?” “That’s interesting.”
The results were beyond belief. Anyway, the big name Chairman Jin is behind him. The presidents of affiliates also know well that they cannot surpass Chairman Jin.
Instead, it is nothing more than a ploy to assert their presence without missing this opportunity. And its presence is not negligible.
No matter what anyone says, aren’t these people public figures?
* * *
“Oh my, these people… . “Are you here to check if I’m dead or alive?”
“What are you saying? “I came here just to talk to you because I was afraid you might be hostile.”
“I feel relieved to see the president’s correction.”
As the presidents of four affiliates, including Life Insurance, Fire & Marine Insurance, Securities, and Credit Card, bowed in turn and greeted each other, Chairman Jin patted their backs with a happy expression.
“Come on, sit down. The old people will probably complain for a while, so please sit down and talk. It must be difficult. haha.”
Since I didn’t just stop by to say hello, I’m saying get to the point first.
“Yes, I heard there are a lot of complaints about personnel issues, so tell me everything. “I have a lot of free time these days, so I’m willing to listen to any nonsense.”
Chairman Jin was still smiling, but the faces of the four affiliated representatives suddenly hardened.
What nonsense!
Chairman Jin is saying nonsense that makes no sense to anyone. It would be futile to entrust a college student with a company with a share value of nearly 700,000 won.
And they own as many as 5 million shares of this incredibly expensive stock. Everyone, from affiliate presidents to executives and even some employees. Their stake is 25%. If these stocks are not passed on to the grandchildren, control of the financial company is impossible.
These borrowed-name stocks must now be handed over to the chairman’s college student grandson.
If executives’ complaints cannot be calmed, the succession process will be creaky, and in the worst case, this secret succession work may leak out.
Violation of real name trading is at the level of cuteness. If you have to pay hundreds of billions of won in inheritance tax, there is no turning back.
Chairman Jin also knows this well. So he thinks that their opinions will be listened to to some extent.
“President. Dojun is still a student. After he graduates and joins the company, it is never too late to gain a few years of practical experience and join the management team.”
Sunyang Life Insurance CEO Yang Woo-chan made the start.
Among them, he is the one who has assisted Chairman Jin for the longest time, and considering his age and the size of the company, he is fully qualified to be the CEO.
“That’s right. There is no reason to rush. “Why don’t we postpone the succession work a bit?”
“These people. How can I be sure I’ll live that many more years? “Even if I die tomorrow, the mourners will smile and eat my food.”
“It can’t be. You still corrected it like this… .”
“So, isn’t it okay for my grandson Dojun to train for a few years and then participate in management? “Is this what you mean?”
“That’s right. “I will transfer you to a major position as quickly as possible.”
“Then do it. Spin around. But doesn’t that have nothing to do with the succession process?”
Chairman Jin accepted it obediently, as if it was no big deal, but the presidents’ expressions did not brighten.
Unless he secures corporate control and receives Chairman Jin’s influence, there is no way Jin Do-jun can survive under a management team that is nothing more than a salaried employee.
It is obvious that they will exercise their rights as the majority shareholder of the company, and the first step in exercising those rights will be to get rid of the old generation like themselves.
Although they know exactly Chairman Jin’s intentions, the biggest reason for their resistance is ultimately to preserve their position.
“President. There are not many people who can work under a major shareholder. “There is no such case.”
This is exactly what I am saying about myself. CEO Yang Woo-chan said this, expressing his intention to submit his resignation as soon as Jin Do-jun takes over the financial affiliate.
“I see. this… I’ve never worked before, so I don’t really know how salaried workers feel. haha.”
Chairman Jin’s laughter filled the living room, but the atmosphere seemed to become even colder.
What words come out after that smile?
The presidents of affiliates swallowed their saliva and began to stare at the chairman’s mouth.
At this time, Chairman Jin, who had stopped laughing, showed an unexpected behavior that no one expected.
He picked up the phone receiver.
“Is it Dojun? Yes, it’s a special expense. You come running here right now. There are some people who can’t stand me handing over a few companies to my grandchildren. Yes, yes. You are persecuting this person with a twinkle in your eye. “Come and save me some money.”
As soon as they put down the receiver, the bosses quickly threw up their hands.
“Oh my, Chairman. It’s persecution. “Don’t misunderstand.”
“President. “We are just giving our opinion for the sake of the company.”
“It’s okay. Do you really think I would insult those of you who have been with me through life, death, and ups and downs for over twenty years? “It’s not like that.”
Chairman Jin looked different from usual.
“You guys, let’s meet. okay! You can think of this as something like an interview. There were times when I was anxious about whether it was a good idea to hand over the company to a younger person. Check it with your own eyes and review carefully if you feel it is inadequate. How difficult would it be to persuade a young man? And our Dojun is not that kind of idiot who ignores what adults say. haha.”
The expressions of the presidents became even more determined.
I know very well that you are never the type of person to compromise like this.
What on earth is this plan?
* * *
“what? what’s the matter?”
“It’s a transition to being a grandfather. “Now, the CEOs of financial affiliates have come and expressed their intention to boycott me.”
Oh Se-hyeon tilted his head and laughed out loud.
“Hahaha. Anyway, they are quick thinkers. “I’m shaking because I’m afraid of a generational change.”
“I’m going to go.”
“Where?”
“He wants me to meet those old men.”
“ok? The picture is strange. “The management is going to review major shareholders, what are you saying?”
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“no. “This will be an opportunity for major shareholders to decide whether to replace the management or not.”
I showed my composure to Oh Se-hyun, whose eyes were wide open, and headed to my grandfather’s house.
As I entered my grandfather’s study, I felt four people’s eyes on me.
I know exactly who is who because I have seen them in passing a few times, such as during holidays or for my grandfather’s birthday. Also, there is no need to deal with all four.
If you break your head, your torso or legs are bound to fall.
Sunyang Life Insurance CEO Yang Woo-chan.
If you defeat that old man and if it’s not enough, you just have to punish the CEO of Sunyang Securities, Go In-gyu, and there will be no more noisy complaints.
“hello.”
For now, I bowed my head politely.
“Yes, yes.”
The seating arrangement is really strange.
My grandfather sat at the head table, and the four CEOs and I sat across from each other across a long table.
It felt like a CEO interviewing a new employee, and it also felt like one interviewer looking at four people at the same time.
“Now, speak calmly and comfortably. “I’ll just shut my mouth and listen.”
The grandfather leaned against the back of his chair with his arms crossed as if he was watching an interesting drama.
As I opened my eyes and looked at each of the four people’s faces, their discomfort was clearly visible.
After looking at each other to see who would speak first, the most experienced CEO, Yang Woo-chan, cleared his throat and spoke.
“Dojun. I heard you are very interested in finance. “You learned some work at Miracle Investment?”
“yes.”
I answered briefly. There is no need to give long and detailed answers to unnecessary questions. Because the situation will change soon.
“So, what area are you most interested in? stock? fund? Or derivatives?”
“no. That’s the job of practitioners. I am interested in management. Long-term investment is also interesting. M&A, where you analyze a company, buy it, and then split it up and sell it, is also fun.”
How should I take this answer?
With the boastfulness of a young brat? Or the dishes are different?
“I see. “Then the amount of money you are operating must be considerable?”
I’m not here to brag about money, so there’s no need to talk about it. Just wrap around it appropriately.
“I’m not running it myself, but the company is running it, isn’t it? “I just keep an eye on the fund management system.”
Since they are older people, it may be awkward to continue the conversation. I need to remind myself that I still have only a little experience, but since I’m skipping practical work, I’ll be worried about what to do next.
“Hey, that’s not fun. President Yang, President Ko. Ask me directly. Dojun holds the financial affiliates in his hands and shakes them… Otherwise, I should leave the management to you and ask them if they would go around drinking and flirting with women, saying they are the chairman or vice-chairman. is not it?”
As the story continued to wander, the grandfather, who had been silent, came forward.
“Shoes, Chairman. You’re joking too far. Dojun is known for being sincere… . “Is that possible?”
“You all know it well. So, it’s obvious that Dojun will take control of the company and shake it up, and I’m curious about what direction it will take, isn’t it? Right?”
Everyone just clears their throats, as if embarrassed by the grandfather’s mischievous question.
“Dojun. Tell them honestly what they are curious about. I’m very worried because I don’t know what a young kid like you will do when he takes charge of a large financial company. Take that worry away.”
As the grandfather looked at the bosses and smiled and spoke, their coughing became more frequent.
“I have no intention of getting involved in the management of a financial company because I believe that separation of ownership and management is the ideal corporate form.”
The expressions of the presidents brightened. This is because the need to submit reports to a young person at work every day has disappeared.
“Rights as a major shareholder. In other words, I only express my opinion regarding the appointment of CEO and executives. “As long as your performance is good, you won’t need to worry about me.”
Now, the bosses seem to welcome me with open arms. Isn’t it much more comfortable to be a young guy who only cares about performance without meddling than to be a no-nonsense guy who wants to participate in management?
“What do you think? Are your worries gone?”
Their nodding heads and smiles on their lips answered my question.
“By the way, Boss Yang. Executive Director Jang Do-hyeong received a very unconventional promotion. Do you think it was appropriate?”
“of course. That friend is clearly a talented person who will take responsibility for the future of Sunyang Life Insurance. The abilities and performance you have shown so far are such that no one can match you. That’s why the chairman made a hugely unconventional appointment.”
“okay. “Didn’t you come with us today?”
“Only our presidents came today. “Why but?”
They expressed their suspicions when I suddenly showed interest in Executive Director Jang.
“Oh, if I take charge of a group affiliate, I plan to appoint Executive Director Jang Do-hyung as the vice president of the financial affiliate. It means giving full authority to Him.”
I think it was an even bigger shock than hearing that I would become executive vice president and wield full authority.
The older snakes opened their mouths and said nothing.
“this! Oetongsugumun. “Uh-huh.”
The grandfather’s laughter burst out in the quiet study.
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