YM778.TV Chapter 381 - Making Arrangements
Chapter 381: Making Arrangements
Translator: Nyoi-Bo Studio Editor: Nyoi-Bo Studio
Chen Jin decided to retire. He would let go of all the things related to the company, and not get involved with Xing Hai Technologies anymore. He would hire some people to do the things that needed to be done and do nothing himself. However, some things had to be arranged in advance to avoid causing unnecessary confusion.
Firstly, who should be the one to manage the company?
Currently, besides the parent company of Xing Hai Technologies, he also had in his possession more than 1,000 subsidiaries, holding companies, and millions of square kilometers of contracted land. The total value of his assets was estimated to exceed $30 trillion.
It was most appropriate to describe him as having the wealth of a nation. He had more wealth than the sum of the assets of the other nine men on Forbes’ list of the ten richest men in the world.
How should he properly manage such amazing assets? This had become a rather tricky problem. Should he hire a savvy professional manager to take care of his assets? Of course, this was a necessity.
Chen Jin took Ling Jundong aside privately.
“Old Ling,” he said. “You’ve just turned 50, you should still be able to work for about ten years. I will turn Xing Hai Technologies over into your care for the next ten years. After you retire, I will give you a Space City. You have worked hard all these years, and I can’t treat you badly.”
Ling Jundong’s face immediately went blank. He trembled uncontrollably.
“President Chen, a Space City costs at least $500 billion to construct. You don’t have to give me such a hefty reward.”
Chen Jin waved his hand.
“This is what you deserve, there’s no need to decline this! Enjoy life to the fullest after your retirement. Take care of your assets, and become a rich and happy man in the future.”
“President Chen...” Ling Jundong’s eyes were a little red.
Everyone said that my boss was stingy and loved to keep all the profitable stuff to himself. He thought to himself. At this moment, he wanted to stand up for his boss, cry out in injustice and explain to everyone. Don’t you want a dozen of such good bosses? He wanted to ask these slanderers.
Chen Jin gave him a look of distaste.
“All right, we’re all old men, don’t be mushy. Continue to work hard and do well for this last shift. Also, pay attention and observe who in the company is worthy of training, and will have the qualifications and abilities to take over your position in the future so that there will be a smooth transition when you retire.”
Ling Jundong thought hard.
“I do think a few people are particularly good,” he said. “The Manager of the Product Department, Xiaoyun, the Manager of the HR department, Jiang Liangcai, and the company’s Financial Director, Zhen Ker Shin are all talented individuals who could independently take charge of a section. All three have the potential to succeed me as CEO.”
Zhen Ker Shin? Chen Jin was slightly stunned. She was a woman who loved to play with animation action figurines, had some ties to himself, and was usually shy and bashful, yet Old Ling had such a high evaluation of her? He shook his head.
“Arrange to give them some competitive assignments. It should be a fair competition to see who has the best performance. The one with the best overall performance will take over for you in the future.”
“Ok.” Ling Jundong nodded. “What if I encounter something that I can’t handle that requires your nod of approval? And what about the company’s future strategic plans? These things should be determined by you. There are some things that I can’t take the initiative to carry out according to my ideas.”
“I’ve also thought about this problem.” Chen Jin snapped his fingers.” Xiaoai, come out.”
A cute girl in a red dress emerged in the air. The girl displayed a sweet smile and curtsied.
“Good morning, Master.”
“This is Xiaoai, she is the top artificial intelligence in the business field. If you have something that needs permission or authorization from me, you don’t have to look for me, just ask Xiaoai. She will also take the initiative to point out problems or hidden pitfalls in the company. You just have to listen to her. She’s equivalent to me.”
“Xiaoai?”
Ling Jundong focused his eyes on the projection of the girl’s body. His eyes suddenly widened and he turned to look at Chen Jin.
“Perhaps,” he could not help but say, “with this artificial intelligence, even a boss will become unnecessary in the future? The decisions made are all-wise and correct, and it rarely makes any mistakes. The company will always be on the right track for development. Human flaws and weaknesses will all be avoided. This...”
He became excited.
“President Chen! Compared with this type of artificial intelligence, my “Ling’s Economics” is simply not worth mentioning. This is the ultimate tool to maintain the company’s strength forever.”
Ling Jundong was full of praise. Using artificial intelligence to manage the company was a pioneer undertaking. The big ship of Xing Hai Technologies had no possibility of overturning.
“It’s not as exaggerated as you said, but it’s not a big deal for the AI to deal with some common problems,” Chen Jin replied. “I will still have to get involved personally when a huge problem appears.”
Chen Jin shook his head. The world was too complicated and the human heart was even harder to fathom. Some problems were not even business problems. How would Xiaoai deal with those?
He would still have to occasionally get involved in the company’s affairs.
In addition to the company, he still had to make arrangements for some other matters. Family. His parents. Three women who loved him. Six young children. He had to make proper arrangements for these people closest to him.
How to make such arrangements?
Chen Jin racked his brains and could not think of any particularly good methods. He could only take a somewhat cheesy way out, that also happened to be the simplest and crudest way. Money.
He’d already had someone set up a foundation called “Star Love” and every year, the parent company, Xing Hai Technologies, put a huge sum of money into the foundation. The foundation would then split the huge amount of money into 11 portions to be transferred into the account of each of his loved ones.
Moreover, there was no issue with this money. Over 45% of the taxes had been paid on it; it was a completely legal gain.
However, even after such a high level of tax deduction, the amount of money paid to each loved one was still more than one billion.
“Husband, why did you transfer so much money to me and our children? We don’t need so much money. Just what are you doing?” Su Yun was exasperated and even a little angry. Why did he transfer so much money to them for no reason at all?
“I am making arrangements for your future,” Chen Jin said. “Xing Hai Technologies is too big, it is not easy to divide the company up. I can only give some money now so that you all can adapt to the life of the rich in advance. Increase the investment in education, let Xing Yue and Xiao Yue go to the elite schools for the rich and learn about aristocratic etiquette and the like.”
Chen Jin nodded thoughtfully.
“We are destined to one day move to the top of the clouds, look down on the common masses and live an extremely extravagant life. I want to pursue a simple life, but the speed at which Xing Hai Technologies is accumulating wealth will soon exceed the speed of the company’s expenses. When that time comes, there will be a need for rich people to spend, to squander. Even to the extent that the richer you are, the more you have to squander so that the economy can develop healthily. But I still have things to do, I have no time to squander money. This task will be entrusted to you and our descendants. Being rich is sometimes a painful thing. As a noble, one sometimes has to abandon some of the good qualities of a human being. I can’t be a noble. Perhaps there is still a trace of kindness left in my heart.”
Chen Jin laughed at himself. Su Yun opened her mouth. Her spirit had suffered a great impact. For the first time, she’d developed some fear about wealth.
His parents, who had also received huge sums of money from Chen Jin, immediately donated the money. After all, their retirement pay was enough.
Yuan Li and Guo Yan were not so conflicted. They quickly accepted the money and invested it in the education and training of their sons. Their children were their greatest hope. Both looked forward to their sons becoming princes among men. One day they should become as outstanding as their father.