Whether it is Wei Jiaping or Yu Zhe, Ren Donglai is clear that once the city has made up its mind to let the Lushan Group merge with the four major textile state-owned enterprises, then the Lushan Group has little room for resistance, although they are the founding fathers of the Lushan Group, but the Lushan Group is a township enterprise, is a collective enterprise, they only have management authority as business executives, but there is no ownership, they are very clear in this regard.

From the initial news they learned, the city is to let the four major enterprises form a textile industry group, and then absorb the Lushan Group, with the management of the Lushan Group as the management of the new Lushan Textile Industry Group, from this level, Wei Jiaping, Yu Zhe and Ren Donglai's personal rights have not been weakened much, on the contrary, the Lushan Group and the four major textile state-owned enterprises merged, if they really want to seek personal interests from it, it should be more convenient.

It should be said that they are sincerely considering the future development of Lushan Group, Lushan Group is like a baby in swaddling clothes, step by step to the present, they have also poured too much effort, so any behavior that hurts Lushan Group, they are difficult to accept.

What they are most worried about is that the newly established Lushan Textile Industry Group will be formed by the merger of the assets of the four major enterprises and the old Lushan Group, and Lu Weimin also revealed that the municipal government in order to reduce the huge pressure brought by the four major textile state-owned enterprises, to strip off most of the debts of the four major textile state-owned enterprises, that is to say, the four major textile state-owned enterprises will travel lightly and merge with the Lushan Group.

This is a good thing for the old Lushan Group, but it also brings a problem, that is, the four major textile state-owned enterprises in the stripping of most of the debts into the assets, its assets are bound to exceed the old Lushan Group, which means that the municipal government in this Lushan Textile Industry Group will exceed the old Lushan Group, become the largest shareholder, that is to say, in this case, the municipal government can openly intervene in the operation of the new Lushan Textile Industry Group, which is also what they are most worried about.

If the leaders in the city are like Lu Weimin, they are open-minded, understand economic work, and understand enterprise management. Wei Jiaping: Naturally, they have nothing to worry about, everyone is in order to develop the enterprise better and stronger, the purpose is the same, and the concept on many issues is also the same, but how long can Lu Weimin serve as executive vice mayor of Songzhou City? Can he continue to be the executive vice mayor, mayor, and secretary of the municipal party committee step by step? Not to mention that Lu Weimin is still the secretary and mayor now, what if their views are different from Lu Weimin's, and they want to interfere in the operation of the new Lushan Textile Industry Group?

These problems are quite realistic, and they can't help but think through them in the event of some unforeseen circumstances. Then it is possible to bring disaster to the entire Lushan Group.

But now Lu Weimin's words reveal other meanings, that is, the municipal government seems to give up the controlling stake in the Lushan Textile Industry Group, and will hand over the controlling stake of the new Lushan to the old Lushan Group, what kind of consideration is this, how to achieve it?

"Lao Wei, Lao Yu, Lao Ren, what's the matter, can't it? The functions of the government are not operated by enterprises. Even if there is, it is a kind of dislocation, and the gradual withdrawal is inevitable, and I have studied it many times with Secretary Shang and Mayor Tong in this round of restructuring design. My point of view is very clear: the government should return to its own work, and don't indulge in that little power for a day and be reluctant to lose it, because not losing it will only bring more problems and troubles. Secretary Shang and Mayor Tong both agreed with me. Lu Weimin said very calmly: "As for whether your old Lushan Group has a controlling stake and how to realize your management's control over Xinlushan, I think this still needs to be discussed in detail." I have an idea, that is, to cut the equity of the new Lushan Group into three pieces, one is held by the old Lushan Group, one is held by the enterprise trade union or employee stock ownership association instead of the employees, and the other is held by the Songzhou Textile Industry Group controlled by the municipal government, and the specific shareholding ratio, we will discuss, but my opinion is to ensure that your existing management has control over the operation of Xinlushan, and at least during my tenure as executive vice mayor, you will have absolutely full control and influence!"

The three major equity compositions proposed by Lu Weimin made Wei Jiaping, Yu Zhe, and Ren Donglai's eyes light up, and it was obvious that they heard the meaning of Lu Weimin's words, Yu Zhe quickly picked up and asked: "Mayor Lu, it's not that we don't believe in the city government, you must be fine, and we also hope that you can stay in Songzhou for the rest of your life, but this is impossible, so what if you are promoted in the future?"

Lu Weimin smiled, "Lao Yu, don't test me here, I do have this intention, that is, to let Xinlushan take the path of public listing to completely complete the shareholding reform of Xinlushan, and I also consider designing a plan, that is, to adopt a combination of value-added quantitative equity incentives and employee stock ownership to solve the benefits of our employees, especially the managers of our enterprises, in the future development of the enterprise, and maximize the creativity and enthusiasm of our management." ”

"Mayor Lu, are you serious? Do you really have such an idea in the city?" Ren Donglai, who was overjoyed, even changed his voice a little, his eyes stared at Lu Weimin, and asked in a trembling voice.

Value-added quantification and equity incentive policies are not new, Lu Weimin has tried in Guangdong Province in his memory, as if the restructuring of TCL Group is to adopt this way, Lu Weimin believes that this method is more reasonable, which can not only ensure that state-owned and collective assets are not lost to the greatest extent, but also fully mobilize the subjective initiative of the management team.

"This is my personal idea, but also the monk secretary, Mayor Tong has discussed, the textile industry is a fully competitive industry, especially in our domestic market is not very sluggish, how to achieve the goal of Lushan Textile Industry Group to form a big ship to go to sea, I think the management is very important, at the same time our four major state-owned textile enterprises have made great contributions to the development of the enterprise for so many years, and now the enterprise is in trouble, and the original management has a certain relationship, but has little to do with the ordinary workers, so my personal opinion is to thoroughly quantify the property rights of the new Lushan Textile Industry Group, cut into pieces, the old Lushan Group occupies that piece of Lucheng County and Lubei Town, cut out a piece of the employee stock ownership association, and the new management can get part of it, the specific proportion can be discussed and studied, and the other piece is that the municipal government has four major state-owned textile enterprises assets into shares, which is a state-owned property rights. ”

Lu Weimin talked eloquently, which completely attracted the attention of several people present, and even Duan Houbai and Gu Ziming, who knew something about this plan, heard Lu Weimin introduce the operation of this plan in detail for the first time.

"After determining the specific assets of the existing Xinlushan Textile Industry Group, calculated on the basis of the restructuring time, the initial three or five years, completely delegated to the management to operate, the return on assets has not been less than 10% as the benchmark, each more than how much proportion to determine a certain proportion of the excess income part to reward the management, the higher the excess income, then the higher the reward ratio, to achieve the property rights optimization of the entire Xinlushan Textile Industry Group. ”

"For example, after the asset evaluation, as of the end of May 1998, the net assets of the new Lushan Textile Industry Group are 500 million, then by the end of May 1999, the net assets of the new Lushan have been evaluated to achieve a return on assets of 20 percent, more than 10 percent of the benefits determined by the municipal government, then the excess is 40 million, then you can be converted into the equity of Xinlu Mountain according to 10 or 15 percent of 40 million as a reward, if you achieve 30 percent or 40 percent of the return on assets, the excess of 20 or 30 percent is 80 million or even 120 millionIn this way, it can be used for three to five consecutive years, on the one hand, it can maximize the incentive for the management to exert creative subjective initiative, on the other hand, it can maximize the preservation and appreciation of state-owned assets, and at the same time, it can also realize the equity optimization of the entire Xinlushan Group, and lay a good foundation for the next step of listing, which is my idea. ”

Wei Jiaping saw the ecstasy in their hearts from the eyes of Yu Zhe and Ren Donglai, although they have always had the right to make decisions in the Lushan Group, but this is based on the Lushan Group to achieve a good development momentum, and the ownership of the enterprise still belongs to Lubei Town, the main leaders of the Lucheng County Party Committee and County Government still trust them very much, but what if the leader is changed in the future, and if there are temporary difficulties in the operation of the enterprise, or the direction of the development of the enterprise is not quite in line with the intention of the leader? Will they be swept away? It's hard to say.

And now Lu Weimin's intention is very clear, on the one hand, to completely change the equity structure of the new Lushan Group, on the other hand, it is also intended to expand the rights and interests of the management and employees of the enterprise, it should be said that this kind of idea is difficult to come up with from the mind of a government leader, according to their thinking, the government just wants to firmly hold all the power in their hands, not to others, whether it is management or ordinary workers, it is not the object of their consideration at all.

But Lu Weimin's idea completely subverted their cognition, and even made them a little unable to believe that the Songzhou Municipal Party Committee and Municipal Government had such far-reaching insights and ideas.

If this is just Lu Weimin's idea, will the Songzhou Municipal Party Committee and Government agree? Wei Jiaping, Yu Zhe, and Ren Donglai are all skeptical.

Ask for a monthly pass!(To be continued......)