The Asian financial crisis has affected South Korea, many Korean companies are struggling to survive the storm, and Samsung is also facing a moment of life and death, the company's business is in full swing, and its long-term debt reaches $18 billion at its worst.

In fact, Samsung was lucky. Since 1996, Samsung has implemented a management system reform plan based on the concepts of self-discipline, efficiency, and simplicity, and its core content is to streamline the organization and reduce costs. Therefore, in the Asian financial crisis, there is still a certain ability to deal with the crisis. If Henry hadn't pressed it, in 1999, Samsung would have turned over. In 2000, the debt ratio was even reduced from 300 per cent to 85 per cent. For a group company of hundreds of billions of dollars, the change in debt ratio is so great, and the degree of Samsung's power can be seen!

The core asset of the Samsung Group is Samsung Electronics.

Therefore, the attack on Samsung Electronics is the biggest blow to the Samsung Group.

Henry immediately ordered Williams Electronics to reduce the price of hard disks, memory, LCD screens and other electronic products, killing Samsung!

Henry's move is actually killing two birds with one stone. While cracking down on South Korean companies such as Samsung, Japanese companies have also suffered unjustifiable disasters. The electronics industry is also one of Japan's pillar industries, which was originally affected by the Asian financial crisis, and the domestic economic situation can be described as very severe. Now, Henry has lowered the price of Williams Electronics Company's products, not only robbing users of users, but also greatly reducing the profit margin of electronic products, which makes other electronics companies embarrassed? The most important thing is that Japan and South Korea are suffering from the Asian financial crisis, which is tantamount to pouring salt on the wounds of Japanese and South Korean companies!!

As soon as the news broke, the stock markets of Japan and South Korea plummeted, which in turn caused violent turmoil in Asian stock markets.

Japan and South Korea strongly condemned the price reduction of electronic products by Williams Electronics and demanded that the prices of electronic products be raised. Soros, who is far away in the United States, was very happy when he heard the news, and he praised it with a smile in a reporter interview: "Haha...... Mr. Henry Williams has done a great job, and I support Williams Electronics to continue to lower it, ignoring Japan and South Korea!"

Soros said some cool words, which immediately provoked Japan and South Korea to grit their teeth against him. Soros doesn't care, though. He has blatantly attacked the currencies of various countries and used them as cash machines, but what can they do? How dare they send people to the United States to kill him?

Soros has completely become a notorious "capital predator", and Warren Buffett, the stock god, is far worse than him.

Warren Buffett is bullish on a certain stock, and the price of that stock may rise. And which country Soros looks at, as long as there is a little rumor, the stock market of the entire country will immediately plummet!

"Japan and South Korea said that if they want to raise prices, Williams Electronics will raise prices, which is so faceless. What's more, my brother is here to crack down on you! The more serious the Asian financial crisis, the more money my brother will make!" Henry laughed in his heart. Although the price reduction of electronic products has lost some of the profits of Williams Electronics, Henry can make up for it in Asian countries. At the same time, it also cracked down on its opponents and expanded the market share of Williams Electronics, so why not?

Therefore, Japan and South Korea, if you scold you, I will reduce the price, what's wrong?

At present, in response to the financial crisis, Samsung has not only laid off employees, but also significantly reduced the salaries of employees. What is the most important thing for a company? Therefore, Henry's salary is drawn from the bottom of the kettle, Samsung's salary is reduced by 10%, and Henry's side will offer 110% of the salary to poach people!

For a time, Samsung's senior talents left one after another.

Samsung's chairman, Lee Kun-hee, frowned and paced around the office, but he couldn't think of any good way.

People go to higher places, and water flows to lower places. I was willing to come to Samsung because Samsung has a future and a high salary. But now, Samsung is in danger of bankruptcy and bankruptcy, and of course it has to change jobs.

What's more, Samsung is going crazy to lay off employees, and maybe it will lay off itself one day. Why not just jump ship to Henry Williams, the richest man in the world, who is not only well paid, but also has a better future.

Frequent layoffs and job hopping, Samsung people are panicking.

In order to stabilize people's hearts, Lee Kun-hee vented his bitterness at the staff meeting, pretending to be pitiful and said: "Samsung is in a storm, and Henry Williams is not only attacking Samsung on the price of electronic products, but now he has begun to poach the talents of our Samsung company! Samsung is everyone's company, and at this time of crisis, we must work together as one to tide over the difficulties...... and the speech lasted more than an hour before it ended.

Samsung is shy in its pockets, so it can only rely on playing the emotional card to retain talents.

However, most people still look at the money. Perhaps Samsung's local Korean employees may have some affection for the company, but Samsung also has many international employees, and they may not have a deep affection for Samsung. Samsung launched the "7.4 system" working hours, and employees were full of complaints. Think about it, go to work at 7 o'clock in the morning and leave work at 4 o'clock in the evening, this must not drive people crazy? Many employees usually have to get up at four o'clock, then wash, eat breakfast, and then take a car for about an hour to go to the company.

Many of the Samsung employees are high-level intellectuals and white-collar workers, so many people can't bear it, thinking to themselves, I haven't seen other companies do this, just you Samsung is awesome, and you have engaged in a "7.4 system"! The salary is high, I admit it, but the wages and benefits have been greatly reduced, and I can't bear it anymore!

Employees are angry and unbalanced, so they change jobs!

In fact, Samsung's "7.4 system" was only partially abolished in the second half of 1988, and in 2002, it was completely abolished within the entire group. Working hours return to normal, 8:30 a.m. to 5 p.m.

Seeing that Henry was digging people too fiercely, Lee Kun-hee asked the South Korean government to order an order to prohibit Henry from poaching talents for Samsung.

Henry said: "I'm not targeting Samsung alone, all the companies in South Korea, Lao Tzu is digging !!"

In addition to poaching talents from Samsung, Henry did not let go of Daewoo Group, LG Group, SK Group, Hyundai Motor...... As long as it is a talent, it can be used when it is dug up. Henry's industry involves all walks of life, and there is no shortage of talent! A small South Korea cannot satisfy Henry's appetite at all, and if you look at other Japanese companies, because they have been poached for a long time, they have become commonplace, unlike Samsung, which still goes to the government to complain, which is contemptible. So, it's good to get used to being dug up, and if you get used to it, you won't call anymore......

(To be continued.) )