Richest Rag-picker

"Huawei? You mean the company that makes phones? That’s a bit too big. I don’t think I can manage it!"

Father Fang waved his hand in protest, but it was Fang Chenyi who spoke up.

"Come on, Dad, don’t say that. When you take the helm, there’s no company you can’t manage! Besides, their management is a little different from other corporations. The executives and employees there pretty much all own equity."

After he finished, his father-in-law, who was sitting to the side, added,

"I’ve looked into this a bit myself. They primarily have a Trade Union Committee, which is basically an employee shareholding platform. And everyone holds virtual shares, correct?"

Fang Chenyi wasn’t surprised that his father-in-law knew all this. After all, Father Bai was now in charge of a corporation no less formidable than Huawei, so it was perfectly normal for him to understand the operational methods of a company at the same level.

Nodding, Fang Chenyi picked up where his father-in-law left off.

"That’s right. The employees do hold 99.89% of the virtual shares. The concept of virtual shares is actually pretty easy to understand. To put it simply, the employees only have the right to dividends and no other rights whatsoever."

He paused, then turned his gaze to his own dad and continued the explanation.

"For example, they can’t participate in things like voting rights, balloting rights, or decision-making rights. This way, there’s no impact on the company. At the same time, for the employees, owning these virtual shares allows them to take part in the corporation’s profit-sharing. The higher the corporation’s profits, the larger the employees’ dividends, which serves to motivate them. And since they have no rights other than profit-sharing, these shares don’t have any impact on the company’s operational decisions."

After listening to Fang Chenyi’s explanation, his father-in-law nodded and then added,

"I’ve studied this model carefully before, and it certainly has many inspiring aspects. However, it also has its limitations. Because the equity becomes so diluted, it’s basically impossible for the company to go public. Therefore, it’s not suitable for the development of Southern Airlines."

Fang Chenyi strongly agreed with his father-in-law. Every corporation has its own development path and management style; it’s impossible for different corporations to share a single management model.

But after listening for a while, his dad suddenly cut in.

"Hold on a minute. I have a question I’m most concerned about. If 99.89% of the shares are given to the employees, how do you make any money?"

His words stunned everyone. Fang Chenyi and Father Bai included, they all wore expressions of utter shock.

For a moment, no one could figure it out. Just as Father Fang had asked, how was the company supposed to make a profit? Was it only supposed to earn dividends from the remaining 1.01% of the shares?

At that rate, some of the major shareholders would probably earn more than the company itself.

At that moment, Bai Menghan, who had been quiet the whole time, suddenly cleared her throat and spoke.

"Ahem, well, its profitability doesn’t come from that 1.01% equity. The trade union, its equity operations, and its TUP and POTO policies—those are the most profitable parts."

Truth be told, ever since the acquisition of Huawei, Bai Menghan had been the one responsible for handling all liaison work. Because of this, she was the one who best understood Huawei’s current set of policies.

Hearing Bai Menghan’s explanation, Father Fang still looked confused, but Fang Chenyi quickly jumped in.

"Right, right, there are plenty of ways to make a profit. Dad, you’ll naturally understand once you take over."

Father Fang shook his head helplessly and asked again.

"Then I have one last question. Son, how many shares do you own?"

Fang Chenyi knew the answer to this one and replied without hesitation.

"Heh heh, 99.89%. All the real equity within that trade union is in my hands."

(PS: Xiao Youzi is revising the previously obtained equity amount here. From now on, it will be 99.89%.)

’So much?!’

He had thought that owning 40% would have been plenty, but he never expected his son to own so much. It was truly beyond imagination.

Of course, Fang Chenyi could understand the share percentage. ’After all, the system had taken action; it was impossible for it to have only secured a portion of the union’s equity.’

After hearing this, his dad picked up his glass and took a deep sip of wine. He smacked his lips, set the glass down heavily, and exhaled a breath of alcohol-scented air. He gave a firm nod and said,

"Alright, then. I’ll give it a shot!"

Hearing his dad agree, Fang Chenyi was immediately thrilled. He turned and said he would have Shi Tou accompany his dad from now on, then immediately pulled out his phone and called the corporation, telling them to prepare for his father’s arrival.

This time was different from when he sent his father-in-law to Southern Airlines. Back then, they had used an undercover approach because some people needed to be dealt with.

Now, with everything at the corporation developing in an orderly fashion, a high-profile inauguration was the best choice.

Fang Chenyi’s intention was for his dad to head over the next day, but his father, having had a little wine, shook his head.

"Not tomorrow. Tomorrow, I’ll go back to my company and handle things there properly so I can hand it over to the new manager. The day after tomorrow. I’ll go the day after tomorrow."

Fang Chenyi didn’t object. Instead, something else came to mind.

"Oh, right, Dad, after you get there, the first thing to do is prepare for a relocation. How about this: you can pick one of the Eight-Planet Towers to use as your headquarters. Of course, your company will still have to cover the construction costs. I’ve handed things over there to Wei Yilong, so you can contact him directly, or you can coordinate with Menghan."

After saying this, he finally mentioned that he was going to Africa.

When they heard Fang Chenyi was heading out again, and to a place like South Africa no less, all four elders grew tense.

His mother and mother-in-law were especially disapproving.

Fortunately, his father-in-law was very reasonable. He shot his wife a slightly annoyed look and said,

"Don’t make things difficult for Chenyi. Since he’s going, he must have something important to take care of."

At this, he turned to Fang Chenyi and advised with a concerned expression,

"You must be extra careful over there! It’s not like Huaxia. You have to be vigilant about everything. Don’t be careless like you were in Dubai."

Fang Chenyi froze. ’Did his father-in-law know about the bomb that was planted on my plane last time?’

PS: My goodness! A super whale has finally appeared! Thank you to my brother ’Wang Hen’ for the generous 6666 and 588 book coin donations! Congratulations on your promotion to Deacon! And for hitting number one on both the monthly and weekly contribution charts! Gahaha! Xiao Youzi feels like this book is about to get its second Alliance Leader!

I’m releasing a bonus Chapter for you today, brother!

Also, a big thank you to brother ’Si Yu Qing Qing Piao’ for the 999 book coin donation!