We are all reborn, who wants to be the richest man?
Chapter 86 Possibility of entering the pharmaceutical industry (page 12)
After returning to Hong Kong Island, Luo Nianzhong relaxed and spent every day shopping and walking with his two girls.
I have nothing to do to attend some banquets held by others, and of course I can't miss gathering with my friends.
This kind of comfortable life does not mean that he ignores the company. On the contrary, he is very satisfied with the current management of the company.
In mid-August, Chris hired Jack Welch, who had just been promoted to deputy director of General Electric Company, to serve as the CEO of Far East Group.
The later legendary CEO of General Electric Company was named the best company leader of this century. He gave up his position as deputy director of General Electric and chose the Far East Group.
In Chris's words, how many years do you have to serve as GM's vice president before taking charge of the company? Will you be the next leader of the company? Looking to the future, it is better to cherish the present.
At GM, no matter whether you end up in the position or not, you will be constrained by others.
But it's different in the Far East. This will give you more room for performance and less competition for power. You only need to be responsible for one person, Luo Nianzhong.
Chris' words moved him so much that he not only left his job to join the Far East Group, but even brought his wife and young son who was not in college to Hong Kong Island, which also showed his determination.
After Welch came to the Far East Group, he not only brought some of his own people, but also started his reforms.
He found that the company's system was not perfect. As a world-class large company, there were no corresponding procedures for the company's fund approval, etc. The declaration was handed over to Robert or even directly to Luo Nianzhong.
Now Luo Nian has the authority to convince everyone. What if he downplays his influence in the company in the future?
This is likely to cause a lot of troublesome things, such as corruption.
Regarding Welch's reforms, Luo Niazhong supported it with both hands.
Didn't you invite him here just to create a suitable system and efficient and useful management for Far East Group?
In this aspect, Luo Nianzhong knew how much he weighed. Although he had been a high-level executive in his previous life, he was in charge of technical aspects. As for company management, he knew himself well.
In addition to Welch, Chris also hired Deloitte's first Chinese senior executive.
It is not that simple to get this position in the four major accounting firms.
The Chinese named Li Jie served as the financial officer of the Far East Group. As for Robert, he worked for the family office established by Luo Nianzhong.
To put it clearly, Li Jie is responsible for the company's finances, while Robert is responsible for Luo Nianzhong and the Luo family's wealth.
One is in charge of the Ministry of Revenue and the other is in charge of the Ministry of Internal Affairs.
It seems that there is no difference now, but as more and more of his companies are listed on the market, the difference becomes prominent.
As for the human resources and legal departments, they are still run by Chris and Jason.
In addition to personnel and administrative arrangements, in terms of career, Yunhua Investment has also been divested from the group and will be managed by the family office in the future.
After completing this series of arrangements, August has quietly ended.
Looking around the small room in the Far East Group President's Office, Luo Nianzhong looked at Welch who was going to get a cigar and said.
"Sorry, the office is a bit small, and there isn't even a break room.
However, the construction speed of our headquarters is pretty good, and I believe we can move the company there early next year.”
Two days ago, Luo Nianzhong went to the construction site of the Far East Group headquarters to inspect.
Newbijian told him that the seven main buildings have basically been capped and have now entered the renovation stage. There will be no big problem in completing the renovation by the end of the year, and they will be able to move in almost next year.
Luo Nianzhong didn't feel anything about Niubijian's satisfaction with the construction speed.
Originally, the floor was not high, and it was built by multiple engineering teams at the same time. Luo Nianzhong did not feel that the speed was much faster. After all, he had seen every floor in the future.
He took out two cigars from the cigar box and handed one to Luo Nianzhong. Welch sat diagonally next to him and made an indifferent expression.
"I'm here to work, not to rest. Of course, having a bigger and more luxurious office does make people feel better."
"Well, it seems that I, the boss, care about my employees in the wrong way."
Coupled with Luo Nianzhong's slightly aggrieved expression, this sentence made both of them laugh.
After laughing, Welch stood up and walked to his desk and took a stack of documents from it.
After coming back, he handed the top copy to Luo Nianzhong.
"This pharmaceutical product research and development report was submitted by Li Xiang today. I want to know, is this true? Are you confident about the finished product?"
After saying this, Welch stared at the expression on Luo Nianzhong's face, as if he wanted to see some clues and expected Luo Nianzhong to give him the answer he wanted.
Luo Nianzhong took the document, looked at the latest research and development data, and smiled, "It seems that the progress is not bad."
"Is this true?" Welch exclaimed.
Luo Nianzhong didn't say anything. He shook the documents in his hand and said, "Didn't you see them all?"
Welch took the document and gasped, "Do you know what this means? This will make us one of the most profitable pharmaceutical companies in the world."
“The pharmaceutical factory under Watsons is too small, and it cannot be considered a pharmaceutical factory, at least in my opinion.
We need to find a research institution worthy of this miracle drug."
Luo Nianzhong felt a little sad when he said this. Aren't all the small pharmaceutical factories in Hong Kong like this?
It's also because Luo Nianzhong doesn't understand the pharmaceutical industry. Those factories that he thinks are small pharmaceutical factories are just some family-style fake pharmaceutical factories. In order to facilitate running away at any time, they don't have many pharmaceutical equipment at all.
Luo Nianzhong didn't know this, so he just bought a small factory and used it for Watson's research and development.
"We should acquire a big pharmaceutical company, and we have the funds." Welch stared at Luo Nianzhong and said.
Luo Nianzhong hesitated and spread his hands.
"You should know our plans in the island country, which will require a huge expenditure."
"So what?" Welch didn't care at all.
“We promised Fuji Bank that we would loan them a large sum of money to fund this project.
As for other investment expansion plans, there is no need to spend so much money at once.
Moreover, the company is generating huge profits every day, and we have no problem even if we acquire a big pharmaceutical company with our money.”
Faced with Welch's explanation, Luo Nianzhong still did not agree. If it was as Welch said, then the company's cash flow would not be much.
Today's companies don't realize the importance of cash flow, but Luo Nianzhong does.
He still has many plans that require large sums of money, but he can't talk to Welch yet.
Seeing that Luo Nianzhong didn't speak, he fell silent.
Welch then said, "Boss, our group has no debt and is unhealthy."
This is the theory in Europe and the United States. In their view, money should be used to generate money. Companies can use their shares to lend large sums of cash. This money, whether used for development or new industries, is more valuable than leaving it alone.
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