YM778.TV Chapter 550
Chapter 550: Resource Chamber of Commerce Meeting (Part Twenty-one)
Translator: Atlas Studios Editor: Atlas Studios
“What!?” The other departments were facing problems, too!?
Little Zhang loudly shouted, “What happened to the other departments? Quick, tell me!”
“The other departments... the other departments...” That person was almost scared to tears and said, “Their managers were all taken away, too! All of the management people were taken! All of the departments! This time, all of the department’s managers were taken away! For all kinds of reasons—some being corruption and bribery, some for alleged prostitution, some for taking drugs—the reasons are more than what I can even imagine!”
After he said this, everyone’s hearts sank.
Being a department manager in such a large company like this, corruption and bribery aside, when they went out with clients to drink, finding ladies in a nightclub was definitely not something uncommon. If the government really wanted to check on them, no one could promise to be clean.
Now that all of the managers were taken away and the company’s finance was frozen, their almost 40,000 workers would not be able to get their paycheck. Such a setback caused everyone to be dumbfounded.
Riiiing—!!!
Just as they were standing dumbly there not knowing what to do, the phone ringed. Little Zhang used his fastest speed and picked it up. It was from a steadfast friend of his who was working in the legal department. This friend of his was always a very composed person and could keep his calm in any kind of situation. However, this time, his voice actually sounded like he was crying and shouted, “Little Zhang, bad news! All of the chief department heads in the legal department were taken away! That’s not the most severe thing, the more severe thing is... Just today alone, about 70 plus large companies have sued us!”
“How... how many!?” Little Zhang was almost shocked to the point of falling on his butt. “70 plus companies? Large companies and the related authorities!?”
“Yes, 70 plus of them!” His friend wailed. “Come over here quick. There’s too much stress here, I can’t hold it any longer!”
“I will come over right now!” Little Zhang hung up and ran over. The other people in the finance department looked at one another and hurriedly followed him.
They weren’t clear of other things, but no matter how slow they were, they knew that something big was happening today! The company had encountered a big problem for reasons unknown to them!
This time, they didn’t know if the company would be able to pull through, but from the looks of things, it was unlikely!
Three minutes later, Little Zhang and the rest rushed over to the legal department. Upon seeing his steadfast friend and the situation here, Little Zhang was completed stunned.
Everyone in the legal department was dejected lying on their desks, no longer having the same spirit as in the past.
“What happened?” Little Zhang grabbed his friend’s arm and hurriedly asked, “What exactly happened? Which companies sued us!?”
“There’s too many of them! Too many!” His friend was still feeling dazed right now. “All of them were large companies with net worths over 10 billion yuan! They are not just some normal small company, all of them are large corporations! Some of them sued us for monopoly, some of them sued us for quality problems, and there’s even some who sued us for rising up the prices. Basically, there are all kinds of reasons! Now, all of our managers and heads here were taken away. Even if we wanted to think of something to react to them, there’s no one to lead us now!”
“What... what exactly is happening!” Little Zhang angrily scolded.
His steadfast friend wasn’t wrong, their opponents’ method this time was terrifying. They captured all of their management and above leaders in one shot so there was no one left to lead them. Only secretaries and assistants, the kinds who had no deciding power, were left.
If that was the only problem, things were still not the worse. But now even their finance was frozen, this caused everyone to be worried and scared. Coupled with so many companies suing them now, these people who didn’t have a leader anymore instantly panicked.
Without a leader or someone to depend on, what could they do!?
“Where’s Director Qian? Who is able to contact him!?” Little Zhang panicked and took out his phone, wanting to call Qian Guangzhao. But Qian Guangzhao was the director of the company, how would low position employees like him be able to have his number? Now, there wasn’t even anyone left who was able to contact Qian Guangzhao.
“The company’s finances are frozen, we can’t even get our paycheck now.” At this moment, an employee fiercely threw his work pass on the floor and said, “Looks like the company definitely did something and caused this. I am going to leave now, to prevent myself from being captured in too!”
“That’s right, we better leave too and not land up in jail. If not, it will be totally over for us!”
With someone leading them, the rest of the people instead agreed and one by one threw down their work pass. “Secretary Zhang, when Manager Lee from the Human Resources Department come, tell him I quit. I don’t need the paycheck for this month anymore. Goodbye!”
At first, only two people left. Then, very quickly, this trend spread like a virus.
Just five or six minutes later, everyone had left.
Little Zhang looked at the empty office and fell to the floor on his butt, muttering, “It’s over... the company... is over...”
After mumbled for a while, his friend pulled him up and nervously said, “What are you in a daze for? We need to leave now! Any later and we might we be captured, too!”
“Yes... Yes!” Violently coming to his senses, Little Zhang hurriedly threw down his work pass as well. “Let’s go!”
Employees were the foundation of a company. No matter how large a company was, without employees, the company would definitely be finished in just a few days.
This was the purpose of the attacks this time.
Pressure from various aspects caused the confidence of the employees to be destroyed in a short period of time. Then, the result would be large batches of employees resigning and quitting. Then, there’s no doubt about what would happen after that.
This was the terrifying aspect of the Chamber of Commerce!
Encirclement! All kinds of methods were used! As long as there was a way of destroying a company, they would use as many of them as possible!
...
In a pub near Qian Enterprise.
A middle-aged man wearing a suit and tie was chatting with someone opposite him.
“Engineer Lee, greetings to you, I am the Human Resources Manager of Leap Energy Corporation. I believe you have already received news by now.” The middle-aged man passed a name card to Engineer Lee and said, “The Qian Enterprise is finished, I am definitely not just scaring you. You are famous in the industry, that’s why my company wishes to invite you to be our technical director. The annual wage is 800,000, plus a house in the city. Please consider our offer.”
This treatment was indeed already quite high.
After Engineer Lee received the name card, he smiled and said, “Your company’s conditions are indeed tempting. Yup, I will give careful consideration to your offer.”
“Alright.” The manager smiled and said, “Then, I shall wait for your good news.”
“Definitely.”
...
The most terrifying aspect of the Chamber of Commerce was their encirclement! When the Chamber of Commerce was just formed, the purpose was to set a control to the large corporations in the country to prevent them from allying with enemy countries and causing harm to the country. Although it was an era of peace now, this most important feature of the Chamber of Commerce was still left intact.
Now, after the Chamber of Commerce truly showed its capability, the Qian Family Energy Group Co., Ltd was already half-dead after just the first day.
Investigations from the government, freezing the cashflow, other large companies suing them, buying over their employees, after all these, no single company could withstand it.
After all, the civilians didn’t fight with the government. If the government wanted to destroy a company, it was very easy to do so—investigations every two or three days and no one would be able to withstand this. Investigations on the tax today, investigations on the workers tomorrow, investigations on the power circuit the day after, investigations of the fire exit after that...
No company could be entire flawless and clean. As long as the government found something, the company would be fined and needed to be restructured. All kinds of methods were used together, especially taking away their management personals and freezing their finance, the company would then not have both people and money. Against the charges of the other companies, the company was unable to find any lawyer to defend as well, and the lawsuit would definitely end up in a loss. Doing so continuously for a few times and a company would be finished not long later.
Although Qian Enterprise’s influence and connections were very massive and wouldn’t be destroyed so fast, the problem was not only these methods but also the influence of news in this world!
Being a listed company, the effect on their share prices was even bigger!
On the Internet, news regarding the Qian Enterprise evading tax and the managers taking drugs, bribery, and such were everywhere—
“August 26, before noon, the Qian Family Energy Group Co., Ltd was reported to be pressed with eighty-one charges including tax evasion, false VAT invoices, and cheating of bank loans. The total amount of money involved is 23.7 billion. Currently, Qian Family Energy Group Co., Ltd has stopped work and is undergoing full investigations.”
“According to the latest news, the magnate in energy resources Qian Family Energy Group Co., Ltd is being sued by hundreds of companies, having a total of 219 charges. Currently, the company has stopped operations and is undergoing restructuring.”
“Latest news...”
On the television: “The magnate in energy resources Qian Family Energy Group Co., Ltd is pressed with 81 charges, this case involves a total of 23.7 billion yuan. The company is under orders to stop work and undergoing restructuring.”
“According to the latest news, Qian Family Energy Group Co., Ltd is involved in tax evasions, colluding with the mafia and so on, a total of 81 charges. It’s under orders to stop operations and undergoing reconstruction now, at the same time undergoing investigations by the discipline inspection department.”
On Weibo, Senior Finance Expert Si Hongzhuang: “This time, the shocking scandal of Qian Family Energy Group Co., Ltd has a far-reaching impact on the country. We all know that large corporations are linked with their share price. This time, Qian Family Energy Group Co., Ltd might not be able to recover and those holding on to the shares of this company are advised to sell them as soon as possible.”
Senior Reviewer Chen Xiuzhen: “This time, the big tiger Qian Family Energy Group Co., Ltd is probably finished for good. What we can focus on now is who will be taking over Qian Family Energy Group Co., Ltd’s position. I wish that it will be Young Master Hong Dali. Given his large spendings, if he takes over Qian Family Energy Group Co., Ltd’s position, it will be our fortune—at the very least, oil prices will definitely drop.”
After Chen Xiuzhen’s Weibo post came out, numerous people responded in agreement!
With the Young Master’s character, if he took over the Qian Family’s energy company, the electricity and oil prices in the country would definitely drop...