The Chaebeol’s Youngest Son Chapter 165

[165]Slim and tight 5

Outsider.

There is no suitable word like this.

Isn’t this the president’s group that welcomed the idea of ​​separating ownership and management and not being involved in management at all?

Instead, it is natural to select someone to take responsibility for management on behalf of the owner. The agent is not an outsider and is a great talent that even they recognize. Executive Director Dohyung Jang.

If they are against even this, everything they have said so far about being worried about the company is just lip service.

They weren’t worried about the company, they were just worried about their own positions.

If you oppose Executive Director Jang Do-hyung, not only will it put President Yang Woo-chan, who praised him so much, in an awkward position, but you will also make a fool out of Chairman Jin, who allowed the unprecedented promotion.

What if you agree?

You must treat your subordinates, whom you treated as subordinates until today, as your superiors. It looks good to resign without saying anything.

If I were the general manager, I would at least have a reason not to quit.

Because they are the owner family and the majority shareholders.

“Why are you looking like that? Is Executive Director Jang Do-hyung unqualified? “Isn’t he someone you can trust?”

Who will answer and with what answer?

I exchanged glances with each of the four people, but no one spoke easily.

They look at their grandfather’s thoughts. It is even unclear whether they are waiting for instructions or asking for help.

However, the grandfather turned away from them and instead urged them to answer.

“what? Did you ignore the majority shareholder’s question? “It’s not a management issue, it’s a personnel issue, so isn’t that something you can ask as a shareholder?”

“that… That’s right, but it’s so unconventional… .”

Securities President Go In-gyu barely answered, but it was as if he had been caught again.

“Isn’t it unusual to be a managing director in your late 40s? This is an unconventional appointment only for the first time. green onion! case! Breaking certain formalities. Since it has already been broken, the appointment of personnel without regard to seniority has become a formality and formality.”

President Go In-gyu also became completely dumb. He didn’t miss the opportunity and pushed one more time.

“Are there any Western companies that can be said to be advanced financial companies or global standards where promotions are based on age or order of joining?”

Finance is a thoroughly Western business area. Isn’t this a business created by white-skinned people from start to finish? There is no denying that they are leading the way in this area.

“The condition for IMF relief is the opening of financial markets. Foreign capital is flooding in, and if we want to compete with, utilize, or absorb that capital, shouldn’t we do it their way? I thought of Executive Director Jang Do-hyung as the symbol, and I thought that Sunyang was already ready to enter global competition. however… “Looking at the expressions on the bosses’ faces, I realized it was just me who was mistaken.”

Although I said it quietly and calmly, it seemed like a harsh rebuke, so no one caught my eye.

“Look, I can see what you guys need to do first. Don’t you think we need to make a perfect report that won’t leave a single doubt about Dojun’s questions? Response of foreign capital. yes?”

“increase… “I will prepare immediately.”

When President Yang Woo-chan barely answered, I shook my head.

“no. I have prepared something. It would be better to look at it and discuss it together. Oh, if it bothers me, I can leave out. “All financial company executives need to gather together, discuss thoroughly, and just let us know the final result.”

“You prepared?”

It’s true that I prepared it, but there’s no need to tell me the truth. To put more weight and pressure on someone, you have to borrow authority.

“no. It was prepared by Miracle Investment’s U.S. headquarters. It took several months just to analyze Sunyang’s financial history. “It will be helpful.”

The bosses looked perplexed, but the grandfather showed curiosity.

“I wonder what it’s about. Are you analyzing us in America?”

“Grandpa, it might be a little difficult for you to understand.”

“what? Inum!”

How can a grandfather who only points out the broad outlines of company policy understand the extremely complex details?

“good night. Then tell these friends. I may not know, but these friends probably know. Isn’t that right?”

The old man, who had been just watching with a smile on his face, stopped laughing and started glaring at the president.

“Boss Yang.”

“huh?”

It was a little funny to see him so surprised.

“You will be investing the funds of Sunyang Life Insurance here and there, but there are quite a few financial products from domestic banks, right?”

“Yeah, that’s right.”

His face changed to clearly reveal his embarrassed feelings. Since he is the CEO of a life insurance company, it is impossible for him to know every single product the company has invested in.

Isn’t it a given that if I ask a question about an investment product, I will be embarrassed in front of the chairman?

“What is usually explained in that product is performance and expected rate of return. Safety is everything. However, it does not explain where my money goes when I invest in that financial product. And I don’t even know what the product I invested in is made of.”

“What does that mean? Bonds, stocks, spot investments… Just in the right place… .”

Grandpa couldn’t wait and pretended not to know.

“no. These days it’s a bit more complicated. Bonds are also made by combining many different types of bonds into products. “For example, we mix bonds from Florida home loans with corporate bonds from British companies and Mexican government bonds.”

“It may seem complicated, but isn’t it a bond anyway?”

“Then you won’t have any headaches. no. Something else is mixed in here too. “It even includes derivatives that bet on the recovery rate of this bond bundle.”

“Dojun. What on earth do you want to say? “Are you saying I’m not qualified to be the president because I don’t know the details of those products?”

As expected, President Yang is quick-witted and has good agility.

Afraid that more details would come out, he cut me off and even screamed.

At this point, it would be a good idea to save face and match the pros and cons.

I’m someone I’ll have to keep seeing in the future, but if something goes wrong over something trivial, I’ll be the only one in trouble. The bosses before me still have quite a bit of influence.

“no. How would you know all that? The person who must know this accurately is the analyst. “If the analyst in charge of investment does not know the details of the product, he or she should be fired, but the executive does not.”

“Then what do you think the responsibilities of an executive are? “What do you think you need to know?”

“You may have one or two responsibilities, but isn’t the most important thing to accurately judge where the water rising at your feet will stop?”

President Yang is not the only one who is quick-witted. Everyone has the ability to understand what I am saying.

“It would be fortunate if the water was just below your nose, but if your head was submerged in water, there was no way to survive. Isn’t it? “Lee Min-seop, CEO of Cruise Card?”

President Lee Min-seop, who suddenly became a target, was shocked without knowing what was going on. The card business is on fire right now.

Isn’t this a bonanza business where cash comes pouring in just by setting up a board? Performance is also rising as if it is about to break through the ceiling and reach the sky.

Cold water means risk, and I never imagined that I would be the target of that here.

“I never thought it was a warning to me… . This is true. haha.”

His expression was not good, as if he was very upset.

“The card business is basically a lending business. “Isn’t the key to a loan whether or not it will be recovered?”

“however?”

“A housewife with no income receives 300,000 won, and a college student who does not work part-time receives 200,000 cash advances every month in the name of credit. Office workers with a certain income are busy trying to close their credit cards. Ask a Sunyang Card employee right away. “How many employees do you think don’t turn their cards around?”

President Lee Min-seop only bit his lip.

Habit is a scary thing. I habitually swipe my card and habitually hit my paycheck.

It has become a natural pattern as there are many people around me who charge late fees and block credit cards. No one is afraid of debt anymore.

Not only the person who uses the card but also the card company thinks it is natural.

“Is that a sign of rising water?”

The grandfather opened his mouth with a stern expression.

“Isn’t it the executives and management who make that decision? “Who knows whether borrowing money and swiping credit cards will become a flood or a lifesaver that will save the Korean economy?”

The grandfather’s expression is exactly what the study looks like.

Only the sound of breathing escaped from the hard and cold study.

The silence was broken by grandfather.

A warm breeze began to fill the study room again.

“How is it? “What do you guys think?”

“yes?”

“Do you still think Dojun needs to work around the company for several years to learn practical skills to be qualified?”

What does this mean again?

Ah, so you have to take so-called management classes.

“Can I say something for a moment?”

When I asked for understanding, the grandfather nodded his head.

People who hesitated to answer my grandfather’s questions flinched when I glared at them. Since he said he was going to educate superiors who will control his life and death as he pleases, his first step was shaky.

“This is the first time I’ve heard that shareholders need to receive training from the company.”

“Oh that… that… .”

“It was proposed considering the possibility of being deeply involved in management. “If I had known that we were planning to separate ownership and management, I wouldn’t have even said that.”

“Yeah, that’s right. Dojun, we expected you to be on the front line of management. “That’s why I said it, so don’t misunderstand.”

The embarrassed bosses hurriedly waved their hands and stammered.

“no. It’s not a misunderstanding. I plan to sit on the bench and watch, and if necessary, play as a player. “Then do you think I should go to the company’s departments and learn practical skills?”

He looked a little embarrassed by the bold question, but his skill remained.

President Yang Woo-chan smiled and opened his mouth.

“It would be better to look at it then and decide for yourself, right? Today, I see that even if no one forces you, you will be willing to take the initiative if necessary? haha.”

This is the most appropriate answer.

I leave it up to me to measure or judge myself.

It is both a flattering statement and an answer to avoid responsibility.

“Well, I think I know enough about my grandson to make a good judgment. Is there anything else you can say?”

Everyone closed their mouths and shook their heads lightly.

They went to great lengths to avoid becoming a target of generational change, but now that it has become difficult to predict the future, they cannot even answer brightly.

The grandfather, who was frowning at this scene, gently waved his hand.

“Stop and look at things. If you are away from work for a long time, it will be you who are anxious. “Okay, let’s go.”

The four presidents all met my eyes as they left the study.

Judging by the way he smiles faintly every time he does that, it seems like he accepts my relationship.

“Dojun. Are you serious? “It means putting a single executive director in the top position.”

When the two of us were alone, the first question my grandfather asked was a personnel matter.

“You have to watch the interview and then decide. However, Executive Director Jang Do-hyung had a good reputation. As President Yang said, he has the qualifications to take charge of Sunyang’s future.”

“Is that a rumor going around in Yeouido?”

“yes.”

“hmm… … .”

“Why are you doing that?”

Grandfather spoke after a long sigh.

It was an ambiguous attitude as to whether it was a request or a request.

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fantasy, modern,