Rebirth: Starting from the Cafeteria

"What's wrong with you guys?"

Du Shaojie sat firmly on the Diaoyutai, looked up at Meng Gang and others, and motioned for everyone to sit down.

A group of people were sitting in the living room, all looking very nervous.

"Let me tell you, Mr. Du. We came here to report something to you. Recently, there is a good opportunity. Our catering company has the hope of going public. Everyone thinks this is a rare opportunity. I hope you can consider it."

Meng Gang spoke on behalf of everyone, and what he said surprised Du Shaojie.

After all, he has said on many occasions that he does not want the catering company to go public. The company has stopped expanding and there is no urgency to purchase storefronts. So what will the funds raised after the listing be used for?
But it is different for the company's senior executives. They all own shares in the company or its subsidiaries to a greater or lesser extent, and the benefits to them after going public are self-evident.

They had made suggestions before, but Du Shaojie was too busy recently, so they put them aside for the time being.

I didn't expect that they hadn't been waiting for any definite news, but today they all came here to talk about this.

"Do you know what this is called? This is called forcing the emperor to abdicate."

Du Shaojie frowned and looked at everyone one by one. Everyone, including Meng Gang, lowered their heads.

Although he usually seemed kind and amiable, when he got angry, these people were quite scared. Especially when he mentioned the words "force the emperor to abdicate", everyone broke out in a cold sweat.

"Look at you all, you are all useless. Have I ever treated you unfairly? Going public, going public, you think about going public all day long. President Meng, President Su, you two come upstairs with me and tell me about this in detail. The rest of you wait!"

Du Shaojie didn't think there was anything wrong with the listing itself, but they were too impatient and had to give it some push.

Afterwards, he went upstairs with Meng Gang and Su Dapeng.

More than an hour later, the three of them came down, talking and laughing, and those who were waiting breathed a sigh of relief.

"Let's go, we'll talk about it when we get back."

Meng Gang didn't give anyone a chance to speak. He waved his hand, and the group of people said goodbye and left.

Du Shaojie sat under the big tree in the yard. He was not angry, but felt that things were a bit magical. Shenzhen City listed [Bailian Catering] as a key supported enterprise, hoping to promote its listing.

To be honest, this matter was first promoted by the city, and Meng Gang and others were at most just going along with it.

After all, the interests of many people are involved in this matter. They are representatives, and they are just afraid that the boss will be suspicious. Strictly speaking, this matter cannot be regarded as "forcing the emperor to abdicate", but at most it can be regarded as normal "greed".

"Boss Du, have some tea."

Luo Qin made tea and brought it to Du Shaojie.

She thought that what happened today was very serious, and that it was absolutely a taboo for the company's management to join forces to put pressure on the boss.

"Um"

Du Shaojie took the tea and took a sip, but he was thinking about something else.

In fact, he had asked himself before, if everything now no longer exists, would he still have a chance to start over?
He felt that with his skills, he could live a life without worries even if he had nothing. But if he wanted to start a catering company from scratch, that might not be possible.

[Bailian Catering] To become the leader in the catering industry, the right time, right place and right people are all essential, as well as considerable luck.

Du Shaojie sat there for a while, then got up and went upstairs.

What happened today reminded him that he cannot replace other people's ideas with his own, otherwise there might be trouble.

Two days passed.

Du Shaoji took Wang Yongli, Luo Qin and others to Shenzhen and convened a meeting of company executives to formally discuss the issue of the company's listing.

"I have no objection to the listing, but I will not list [Bailian Catering Company] as a whole. My meaning is very clear. We are going to list [Northwest Noodle House] as a package, and then we will carry out the shareholding reform.

Regarding employee stock ownership, the previous options will be transferred to [Northwest Noodle House], and will be converted at a fair ratio at that time.”

Du Shaojie first talked about the issue of principle. There was no need to discuss it, it was up to him to decide.

In the past, some executives owned a small stake in Bailian Catering, which was part of the incentive mechanism.

Now that [Northwest Noodle House] is going to be packaged and listed, a horizontal conversion will be carried out, and all the shares held by each person will be converted into shares of [Northwest Noodle House].

This is what everyone expects.

In addition, after the company went public, the biggest winners besides Du Shaojie were Su Dapeng. Su Dapeng founded Northwest Noodle House and he already owns a lot of shares in the company. His net worth will surely double after the listing.

"Boss Du, what instructions do you have for the next shareholding reform?"

Everyone discussed some details, and then Meng Gang asked a question.

"Let me tell you what I think. Company executives, managers of each sub-brand, store managers and chefs can own some shares. The backbone of the kitchen and employees who have served the company for five years or more can also own some shares."

Du Shaojie talked about the employee shares. These shares can be held by the employee shareholding association, and can be freely bought and sold after the listing ban is lifted.

He asked Meng Gang to come up with a specific plan as soon as possible, which could be implemented after his approval.

In addition, it is necessary to introduce several strategic investors. He will be responsible for this work, so Meng Gang and others don't need to intervene. After making the decision, the relevant personnel of the company started to move.

Du Shaojie introduced Pang Weidong, Xu Bo, Ye Weiming, Yu Mo, Cai Jing and others as shareholders. They did not invest in their own names but in the name of the company.

Including employee shares, there are not many shares given out, and social public shares must be reserved for after listing.

[Northwest Noodle House] established a joint-stock company, [Bailian Catering] is its controlling shareholder, the second largest shareholder is the "Employee Stock Ownership Association", and there are some other small shareholders.

As a benchmark in the industry, the preparations for the listing of [Northwest Noodle House] are going smoothly.

The entire process took only half a year before the company finally rang the bell for its IPO. The main reason for this was the city's support. The 4 million yuan raised from the IPO will be used to add new stores in commercial complexes across the country.

Du Shaojie appointed Meng Gang as the chairman of the listed company and Su Dapeng as the general manager of the listed company.

In addition, several senior executives were transferred from the catering company's headquarters. Suddenly, [Northwest Noodle House] became strong and powerful, and once again embarked on a new road of expansion.

However, those who went to work for listed companies, including Meng Gang and Su Dapeng, have all resigned from their positions at Bailian Catering.

Du Shaojie appointed Yu Jianxin as the general manager of Bailian Catering and also promoted two management talents to be deputy general managers of the company.

[Northwest Noodle House]’s stock price performed quite well after its listing. Many people in the company enjoyed a wave of dividends and became “rich people”.

Meng Gang and Su Dapeng lived up to expectations and led the company to expand actively, with revenue and profits once again reaching a new level.

"Ajie, are you transferring President Meng away because you are dissatisfied with his abdication?"

Du Shaojie has been living in Beijing recently, and Pang Weidong rarely has free time, so he invited him to a farm for a day.

The two chatted about listed companies and inevitably touched on some past events. Among them, Du Shaojie was "forced out" by company executives, which became a funny thing that friends often joked about.

However, what everyone did not expect was that Du Shaojie did not fire those executives.

Pang Weidong was also puzzled.

"Yes, as the general manager of the company, Meng Gang neither discussed things with me properly nor calmed everyone's emotions. Of course, I am somewhat dissatisfied with him.

However, he did not have any selfish thoughts, and he did this entirely for the stability of the company. So, I gave him a decent job, which can be regarded as making the best use of his talents. "

Du Shaojie did not hide his thoughts and told Pang Weidong everything.

The cause of this incident was that he ignored the demands of his employees, but the essence was that Meng Gang had worked in the catering company for too long and he originally wanted the other party to move out.

Meng Gang was also a smart man, and he took the initiative to hand the knife to his boss.

If nothing unexpected happens, Meng Gang will work as the chairman of the listed company until retirement, which can be considered a good beginning and a good ending for the two of them.

Du Shaojie started training young cadres several years ago, and continued to add responsibilities to Yu Jianxin, because Meng Gang and others had formed a small group within the company.

As for Su Dapeng, that guy is heartless. It’s time for him to enjoy his retirement after working for a few more years.

"Everyone says you are a hands-off boss, but in fact, among all of us, you are the only one who knows life best."

Pang Weidong couldn't help but sigh and changed the subject.

In fact, everyone who runs a business will have similar worries, and he does too. Just like the store managers of [Yuedong Entertainment] in various places, a small number of them have gradually become unable to get rid of their troubles.

There are also shareholders who were introduced later. After the stage of being united in external affairs, they gradually started to have their own ideas.

"Recently, one of our KTV clubs was investigated. The club manager conducted some illegal activities without authorization, and was caught by a competitor."

Pang Weidong drank a glass of wine and then talked about something that bothered him.

That karaoke bar went too far, and the store manager was blinded by money, which eventually made a big news. This incident had a very bad impact on [Yuedong Entertainment], and it really pissed him off.

Inspections cannot solve all problems, but they will eventually make most employees feel afraid.

“How long will the rectification take?”

"It will take a month to rectify the situation! How much profit will I lose in a month? That guy is dead for sure."

"Well, the loss is not small. It's time to take them out for target practice."

After chatting with Du Shaojie for a while, Pang Weidong's mood turned from gloomy to sunny.

Working in the entertainment industry is indeed very profitable, but it also brings a lot of worries, both black and white. There are a lot of things, and none of them is a small matter.

If your subordinates pretend to obey your orders but actually disobey you, you might end up bringing trouble upon your boss.

"Ajie, the KTV business has reached a bottleneck, and both revenue and profit are on a downward trend."

Pang Weidong is now a little confused and a little worried.

KTV is a cash cow. If he can’t continue to run it, he doesn’t know what to do. (End of this chapter)