Chapter 379: Little Star
Spring Hill, Tennessee, USA, Saturn Motors Headquarters, Chairman's Office
"Chairman, I can't give you an answer right now, may I think about it?" Helen Lacey couldn't resist the huge temptation of the president and CEO of a listed company, and tried to delay the war with a hint of panic, to be honest, the talented girl of Harvard really didn't expect that the temptation offensive of the young madman from Wall Street in front of her who didn't play cards at all made her move, of course, not to this young handsome guy, but to the position of president and CEO of a listed company with a market value of up to $7.6 billion. I'm afraid I'll give up the position of vice president of General Motors at the first time, right?
"With an annual salary of $500,000 and a call option of 100,000 shares per year during the tenure, is the position of president and CEO of a publicly traded company with a market capitalization of $7.6 billion not attractive enough? Or, do you need Miss Lacey to go to the headhunting market to recruit a professional manager for Saturn Motors? Jiang Yelin continued to be aggressive, forcing the snow-skinned blue-eyed beauty in front of him to the point where there was no way to retreat.
"Mr. Ye, even if I come to be the president and CEO, I will not be able to achieve the performance indicators you proposed for the year, in this case, why should I be the scapegoat, or rather, you only need a female president of Harvard with two PhDs to be your secretary and puppet? And what about Mr. Hudel? Helen Lacey gritted her teeth and began to fight back, saying that when it came to this Cheng dΓΉ, there was nothing to hide, and it was a big deal to offend the man in front of her...... It's a big deal to resign yourself, God, the president and CEO of Saturn Motors...... Helen Lacey didn't think she would have a chance to win this sought-after position, and in her opinion, Jill Lexton, who is in charge of R&D, is probably the best candidate for this position......
"I'll only give you one chance, Helen, if you don't even have the courage to take the initiative to ask for help, I'm afraid I'm going to re-examine the GM talent pool system and quality, I don't care if you belonged to the GM headquarters gang or the Tennessee local gang before, since I listed Saturn Motors and came to be the chairman of the board, then before I leave, the management team of Saturn Motors must respect me and move forward bravely, and I will clean up any executives who sit by and occupy positions and do not work, Since Saturn Motors is unable to achieve the performance targets proposed by the board of directors under the leadership of Deng Hudel, it is inevitable to replace people, and if I can't find a suitable candidate, I, the chairman, will also serve as president and CEO! β
Jiang Yelin doesn't mind saying such things, the bottom line is to drive away all the disobedient, and get out of the way if you don't have the guts, even if you are a talented Harvard girl who is captivating the country and the city? The most important thing around my brother is women, especially beautiful women! Of course, if you can take Helen Lacey, the general manager of human resources and public relations, to her own use, why not? In terms of familiarity with the qualifications, abilities and development prospects of the Saturn car, who else will be better than the snow-skinned beauty in front of him?
"Chairman, the position of president and CEO of Saturn Motors is a very tempting career high in any way, however, unfortunately I do think that I am not qualified now, unless you lower the performance indicators, otherwise the entire Saturn Motors and even General Motors can not find a suitable candidate, Mr. Hudell's overall vision and enterprising ability are almost there, but being a CFO is still absolutely competent, and he is a CFO himself, The board that was slow before the Saturn car couldn't hit him alone......"
Helen Lacey finally figured it out, when the puppet and scapegoat thing must not be done, no matter how tempting the name and benefits of the president and CEO sound, but don't deceive yourself if you can't do it, it will take at least two years for Saturn cars to increase production and sales to 500,000 units, this is still an extremely optimistic prediction, now production capacity is the bottleneck, but once the production capacity goes up, sales and market share have become a huge challenge, Saturn cars are currently taking the fashion route of compact and economical sports cars, This is destined to be a niche range of Saturn cars, and the average price of a single car of 28,000 US dollars is already the bottom line of price recognition and acceptance by the market for an economical sports car...... The performance target proposed by this Wall Street genius is simply a fantasy, not to mention that it may not be achieved in one or three years!
"Helen, you are honest, and honesty is an extremely precious quality, and if you can't do it, who else in the current Saturn car will want to succeed Mr. Huddle as this president and CEO? Can CFO Charlie Moncent do it? Or Jill Lexton, general manager of R&D? Does her fiery red hair and baby-faced appearance mean that Ms. Lexton is a trailblazer who has taken on challenges? Jiang Yelin finally did not force Helen Lacey to be the president of the duck, but instead put the candidates on CFO Moncent and Jill Lexton.
"With all due respect, Mr. Monson can be the CFO because of Mr. Huddle's strong recommendation, they are fellow Tennessee villagers and have a good relationship, however, I think Mr. Monson is balanced in all aspects but not outstanding, if the chairman wants to find a puppet, Mr. Monson is a good candidate, otherwise, it is better to let Mr. Huddle continue to work, as for Ms. Lexton, she is a very good talent, from marketing to research and development, She's probably the best person to succeed Mr. Huddle within Saturn, but if your performance metrics are anything to go by, even a president of Lexton can't do that! β
"Helen, you can call me Django...... Is there any interest in serving as the first female president of Saturn Motors, since there is no suitable candidate, I intend to separate the position of president and CEO, Mr. Huddle can step back and continue to serve as a director of the board, but stepping down as president and CEO can allow him to serve as chairman of the financial planning committee under the board of directors, and you, Miss Helen Lacy, I hope you can take over the position of president, and as for the position of CEO, if Jill 0 Lexton is willing to accept the challenge of performance targets, How about letting her try? β
"Chairman, I'm afraid I'm in a bit of a hurry to call you Django now, of course, you can call me Helen, thank you for your trust, if I'm not mistaken, the president is responsible for the general day-to-day administration, and the CEO is responsible for the company's important matters such as manufacturing, sales, and performance indicators, and the president and CEO are responsible to the board of directors at the same time, right?" Helen Lacey sighed in her heart, in fact, she originally wanted to build yì to let Huddle retain the honorary position of president, but it can be seen that the first fire of the new chairman is burning on Huddle, no matter what, she wants to replace the previous Saturn car navigator, in that case, instead of letting someone else be the president, why not do it herself?
"What a stubborn girl, yes, to say it, Mr. Hudell has worked hard to retain the position of president, but in that case, I am afraid that many people will remain on the sidelines, and it is not conducive to the new CEO to carry out his work, so I can only wronged the old Hudell to let the young man go into battle, and give him the position of chairman of the financial planning committee, in fact, it is also to give full play to his financial ability, isn't it?
Of course, if Helen thinks she is not up to the position of president, I can choose someone else...... I believe that people of insight who are willing to become the president of Saturn Motors will always find it...... But no matter who it is, there can only be one person in charge of Saturn Automobile, that is me, the chairman, I am the dictator, this is stated in advance, I am here to lead you to jump into the most valuable automotive blue-chip company, there is no second way out! β
Before Jiang Yelin's words fell, Helen Lacey couldn't help but say, "Who said that I am not qualified for the position of president, I am willing to accept this position, if you can indeed nominate the board of directors...... But as I said in advance, I didn't promise to double the performance this year, and if I became president, I would do my best to support the work of the chairman and CEO, that's all! β
"I said that I am not only the chairman but also the chairman of the remuneration committee, not to mention that the company's executives were originally hired by the chairman, but if they only serve as presidents, there will be no annual salary of 500,000 Oh, by the way, you are still the general manager of human resources and public relations, what standard do you think is appropriate for the position of president of Saturn Motors?!" Jiang Yelin smiled and reassured the girl, but he handed over the problem to the Harvard beauty, controlling the cost is the instinctive reaction of this Harvard talented woman, but when it comes to approving salary and benefits for herself, it seems that she can't lower her income by herself if she goes the other way, right?
"As the general manager of human resources and public relations, my current annual salary is 250,000 US dollars, last year's Saturn Automobile's performance was good, my annual performance and monthly awards, quarterly awards add up to about 100,000 US dollars, the income of other front-line executives in the company is similar to me, but the general manager of the marketing department, Dennis Sweet, because of the sales performance commission, his annual salary is 300,000 US dollars, plus the commission is about 800,000 US dollars last year...... As for how much annual salary should be set for the position of president, I'm afraid it will be up to you, the chairman, to decide! β
Helen Lacey kicked the ball back to Jiang Yelin's side, Jiang Yelin frowned slightly when he heard this, then stretched out, waved his hand and said, "Since you are the president of a listed company, you can't be too shabby, in this way, the annual salary of the president and CEO is set at 500,000 US dollars, and if the annual performance target is achieved, another 200,000 call options will be given every year, and the exercise price will be based on a 30% increase in net assets per share at the time of exercise...... If the performance target is discounted, then the number of option calls is doubled...... Is this condition attractive enough? β
"It seems to be a little too high, Saturn Motors' gross profit margin of 17% is based on strict cost control, if you are like this, this year's Saturn Motors' salary level will rise a lot, at present, the average annual salary of blue-collar workers in our manufacturing plant is 48,000 US dollars, overtime and performance can reach 55,000 US dollars, the average annual salary of ordinary management positions is 52,000 US dollars, and the annual income of sales positions plus performance and sales commission is about 70,000 US dollars per capita...... The average annual salary of middle management is 150,000 US dollars, and the average annual salary of senior executives is 250,000 yuan...... Too extravagant! β
"Without the Sycamore Tree, where is the Golden Phoenix, the matter is decided, you can draw up a contract yourself, and make an employee stock ownership plan and a management performance-linked option incentive plan, there are no loopholes in legal affairs and taxes, and in addition, please Ms. Jill Lexton come to my office!" Jiang Yelin got up and shook hands, and Helen Lacie finally couldn't help but flash a little star of admiration in her eyes!