Chapter 1164 Seibu Transformation
"The situation in the United States is getting worse and worse now.
Last month, two credit rating agencies, Standard & Poor's and Moody's, downgraded the credit ratings of 612 and 399 mortgage bonds, respectively.
August has just begun, and Deutsche Bank has already posted a loss of 8.2 billion euros.
Bear Stearns, one of the top five investment banks in the United States, announced that it had frozen two of its subprime debt funds.
Almost every day brings bad news. "Hector Onlai actively stirred up the topic.
He was very curious about Xu Liang, the world-famous financial tycoon and investment guru. After knowing that he would come to visit today, he had thought of the topic of chat in advance.
Following his son-in-law's words, Son Zhengyi smiled and asked.
"Xu Jun, what do you think of the subprime mortgage crisis in the United States?"
"Mr. Sun, this is a very broad topic." Xu Liang smiled.
"Mr. Xu, do you think the crisis will continue?" Hector Onlai interjected.
Xu Liang glanced at him, and at the same time keenly caught the flash of dissatisfaction in Sun Zhengyi's eyes.
smiled.
"The scale of the U.S. subprime debt crisis is huge. Judging from the exposed data, it exceeds 2 trillion US dollars.
The numbers are huge, but compared to the GDP of the United States, although it will strain our muscles and bones, it is still bearable.
But the key is how many securitized CDOs are hidden under the water of these two trillion US dollars of subprime debt. Composite CDO products are the key to solving this problem.
Of course, crisis is only one aspect, and state top-down intervention is also very important.
If governments of various countries, especially the United States, take appropriate measures and intervene effectively, they may be able to nip the crisis in the bud without causing too much impact on the United States or even the global economy. ”
Of course he would not tell the truth if he was not a relative or an acquaintance.
"So what Mr. Xu means is that the U.S. subprime debt crisis will not evolve into a global economic crisis?" Hector Onlai asked.
"I didn't say that."
Xu Liang said directly.
But there wasn’t much explanation.
"Xu Jun, Hanhua made a lot of money in this subprime debt crisis that broke out in the United States and spread to the world. I believe you must have a deeper understanding and judgment of this crisis.
We are all friends who have known each other for many years, so don’t be too self-conscious. "Sun Zhengyi said with a smile.
This guy is as sophisticated as ever, and he gets to the point straight away.
Xu Liang quickly changed the subject.
"Listening to Mr. Sun, did you also invest in the stock market?"
"Haha, I don't have Xu Jun's vision, I'm just a little curious."
"Mr. Sun is self-effacing. Whether he invested in Yahoo before or later in Alibaba, it all shows Mr. Sun's outstanding ability in investment.
If you enter the secondary market, I believe you can also create brilliant achievements. "Xu Liang said beautiful words.
"Xu Jungao looks up to me."
Son was quite proud of being praised, but he had not lost his cool yet.
"Xu Jun, we said last time that SoftBank is very interested in the US telecommunications market.
Recently, our merger and acquisition negotiations with Sprint, the third largest telecommunications company in the United States, are going very smoothly.
Do you want to join in? ”
"If a gentleman does not take away people's love, I will not participate."
Son Zhengyi: "Isn't Xu Jun always very optimistic about the US telecommunications market?"
"I'm optimistic about it, but I have already invested in Vivendi Telecom and I don't want to invest too much for the time being." Xu Liang said.
"Is it because Xu Jun is not optimistic about the global economic situation in the next few years and refuses to invest?"
Looking at his probing eyes, Xu Liang smiled.
"It's not that I'm not optimistic. The main reason is that the situation is still unclear. I would rather wait and be cautious."
Sun Zhengyi continued to make insinuations about his views on the subprime debt crisis, and Xu Liang also followed the trend and said some simple things.
The two sides played Tai Chi, and at 8:30 in the evening, Xu Liang and Fukuda Xinmei got up and left.
Looking at the car shadow in the distance.
"Dad, Xu Liang's tone is too strict." Sun Yijun said with dissatisfaction in his tone.
"If a ruler is not secretive, his ministers will lose their integrity; if their ministers are not secretive, they will lose their virginity; if you want to succeed, the first thing you must do is to be careful in your words and deeds. It is not surprising that Xu Liang behaves like this." Sun Zhengyi sighed.
"Dad, do you think he will continue to short subprime debt?" Hector Onlai asked with a smile.
Glancing at him and scanning his daughter's pleading eyes, Son Masayoshi sighed inwardly.
"Based on what I know about him, he will definitely continue. But I don't know the specific method of short selling and how much money he will pay."
After saying that, he turned around and walked towards the room.
Hector Onlai's eyes flickered, and he had a flash of thought as he looked in the direction Xu Liang was leaving.
……
"Xu Jun, I feel that Mr. Sun's purpose in inviting us to dinner is not simple."
In the car going home, Futian Xinmei, who was nestled in Xu Liang's arms, suddenly said.
"Why do you say that?"
"Although he said a lot, they basically focused on Hanhua's investment and your judgment on the U.S. subprime mortgage crisis."
Xu Liang patted her jade hand with interest and gave her an encouraging look.
"Continue."
"I feel like they want to pry into your investment strategy and provide investment reference to SoftBank or US investment banks."
After finishing her words, Futian Xinmei thought hard for a while and then said dejectedly, "That's all I can think of."
"Not bad. It seems that having you participate in the work of Seibu Group during this period has achieved certain results."
"Did I guess it right?"
Facing the expectant eyes, Xu Liang nodded affirmatively.
The woman breathed a sigh of relief, and her expression also became happy.
Xu Liang smiled as he hugged the beauty's slender waist.
"Our family Xinmei still has a certain talent in business. In the future, when I am away, you can take more time to visit the Seibu Group. I don't ask you to understand everything, but you must understand what is happening in the group.
Don't let these guys ruin our Xu family's foundation. ”
Futian Xinmei nodded vigorously, her pretty face full of determination, "Xu Jun, don't worry. I will definitely protect Xu Jun's property."
He tapped the tip of her nose affectionately.
"Wrong, it's our family's property."
"Yeah."
After soothing the little beauty in his arms and looking at the rapidly receding night view of Tokyo outside the window, Xu Liang's mind flashed through the previous scenes at Sun's house.
Sun Zhengyi's temptation was within his expectation.
But Aung Hlaing, in the name of his son-in-law, was obviously a little too eager.
Consider the other person’s identity.
"Is it Goldman Sachs, JP Morgan, or both?"
Although he broke the huge "Gonggong Plan" into pieces and dispersed it into dozens of funds and companies, it made waves in the global financial market.
But the most critical US market is still the main position of Gonggong Plan.
With the influence of the five giants on Wall Street, even if it is impossible to get a glimpse of the "Gonggong Plan", we can still make a rough guess.
Huge profits will naturally attract a large number of financial giants to come in and grab food.
But although these crocodiles are huge and have amazing appetites, they are unable to accurately judge the timing of the appearance of prey.
As a person who accurately grasps crises, he has naturally become a target coveted by all parties.
Fortunately, he and Hanhua are now the world's top financial giants and top players, and no one dares to take advantage of them yet!
"Let's go to the United States after the Seibu Group matter is settled." Xu Liang said.
……
Seibu Group Headquarters Building, Minamiikebukuro, Toshima-ku, Tokyo.
Although it has been more than half a year since the acquisition of Seibu Group, this is Xu Liang's first time here.
When Fukuda Shinmei took his arm and walked into the large conference room, all the people who had been waiting here stood up and showed respect.
I just had trouble with the title.
Xu Liang does not have a specific position within the Seibu Group.
On the contrary, Kotomi Fukuda is the president of Seibu Group.
Arriving at the middle position on the stage, Xu Liang waved his hand after looking around at everyone.
"Everyone, sit down."
After everyone saw them sitting down, they also sat down one after another.
"It has been half a year since the acquisition of Seibu Group. In the past six months, apart from improving the management system and adjusting the reward and punishment system, the group has not made many adjustments in personnel.
Now, after half a year of investigation and understanding, I have a relatively deep understanding of you.
It is also time to establish a group management team and truly lead the group out of trouble. ”
Hearing this, everyone below felt excited.
Under the leadership of the new boss, Seibu Group has continued to make big moves and gradually regained its vitality. At this time, no one wants to be out of the game.
Xu Liang looked around at everyone, looking at the nervous and concerned eyes. Sitting high, he enjoyed the power of being able to decide people's fate with just one word.
After a moment, he said slowly.
"The chairman of the group is still Miss Fukuda Kotomi, and the president of the group is Masao Araki."
As soon as he said this, sitting in the center of the first row of the audience, an old man in his sixties wearing a crisp suit stood up with a happy face.
"Thank you to Chairman for your trust. Masao Araki will do his best to lead Seibu out of the current predicament and towards higher glory under the leadership of the Chairman."
Looking at this old guy, Xu Liang sighed inwardly.
In fact, he didn't want Masao Araki to take over.
This old man from Tsutsumi Yoshiaki's era has mediocre abilities, and his only advantage is his honesty.
But even if he doesn't want to, he must compromise with reality.
The reality in the Japanese business world is that seniority is the basis of seniority, and juniors respect their seniors.
If he promotes a young man based on his own preferences, even with his support, he will not be able to secure his position as the president of Seibu Group.
The executives of the major subsidiaries below will definitely do both the right thing and the wrong thing.
At that time, not to mention getting Seibu Group out of trouble, just internal friction will be enough to destroy this company carrying a heavy debt burden. So, after weighing it for a long time, he still compromised.
Masao Araki is a veteran within the Seibu Group. When he takes the position, most people are convinced.
His honest and responsible character also makes it easier for Xu Liang to implement his own will within Seibu.
"The chief operating officer (COO) of Seibu Group will be Takashi Goto."
Looking at the happy middle-aged man below the stage, Xu Liang smiled and nodded to him.
Goto Takashi is a relatively capable member of the Seibu Group’s senior management team.
Under his leadership, Seibu Railway Company is among the top three Japanese subway companies in terms of profitability and income level.
Although the Seibu Group is in decline, Seibu Railway is developing very well and is also the money printing machine within the entire group.
Without its contribution, Seibu Group would not have gone bankrupt in 2005.
"Zhong Tao, Chief Financial Officer of Seibu Group."
A middle-aged man with gold-rimmed glasses stood up and nodded to Xu Liang, then turned around and waved to everyone.
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He was originally the vice president of Hanhua Tokyo Branch and was very capable.
Having graduated from the University of Tokyo with a master's degree, he also has sufficient understanding of the Japanese business community.
He happens to be the company's CFO.
"Hideo Fukunaga, Chief Talent Officer of Seibu Group."
The position of HR is very critical, and he is not prepared to hand over this position to the old man from Seibu.
After comprehensive consideration, he was handed over to Fukunaga Hideo.
After Hongmeng's structural reform and independent management of subsidiaries, Hongmeng Japan and South Korea were also disbanded.
Some found other jobs, and some were transferred to the Japanese departments of Hongmeng's subsidiaries.
Some of them were arranged by Xu Liang to join the Seibu Group.
As the CEO of Hongmeng Japan and Korea, Xu Liang originally considered letting Fukunaga Hideo directly become Seibu CEO. But then I thought about it and decided not to.
Breaking down and then building up again is great, but it takes a lot of energy in the middle.
That would be fine in normal times, but now the subprime mortgage crisis is imminent.
His main focus should be on this.
Therefore, Seibu still focuses on progressive reform and puts stability first.
"Duan Fei, Chief Security Officer of Seibu Group."
Below, a smart young man with a crew cut stood up and motioned to everyone.
His situation is the same as Hideo Fukunaga, Xu Liang was also the security officer transferred from Hongmeng Dongying Company.
The Chinese special forces retired. After two years of training in Red Shield, he joined Hongmeng Japan Company and was responsible for the company's security work.
A personal name was read out from Xu Liang's mouth.
Some people below are excited, while others are looking downcast.
A picture of success and failure.
Although Xu Liang does not plan to perform major operations on the group's management team, the people he likes have basically been promoted to two levels of positions.
Plus people arranged from Hongmeng Japan Company.
Across the entire Seibu Group and its subsidiaries, one-third of the management team has been replaced.
"The Seibu Group Management Committee was formed, with Masao Araki, Takashi Goto, Zhong Tao, Hideo Fukunaga, and Duan Fei serving as committee members.
Responsible for the highest decision-making of the group. ”
"The Seibu Group Advisory Committee was formed to provide advice and suggestions for the development of the Seibu Group. All executives whose names were not read this time will automatically join the advisory committee."
Everyone understands that the so-called ‘advisory committee’ is the nursing home.
The truth is what they thought.
Although the executives he eliminated from Seibu had mediocre abilities, most of them had nothing wrong with them. They were just old and did not meet the needs of the group's development.
Expelling them directly can easily affect the hearts of the people within the group.
Join the 'Advisory Board', get a decent salary, and be accountable to everyone.
"Okay, except for the members of the management committee and the president of the subsidiary company, everyone else, please go out."
Soon, everyone stood up, looked at the remaining people with envious eyes, and left one by one.
After everyone left, Li Jinling closed the door.
There were only a dozen people left in the huge conference room.
In addition to Xu Liang's bodyguards and secretaries, and the five-person management team of Seibu Group, Seibu Railway remains.
Then there are the president of Seibu Railway, Susumu Hakusan, and the president of Seibu Bus, Masatoshi Tsukada.
Masaya Yokoyama, President of MUJI.
Xu Liang muttered inwardly.
Every time he mentioned 'Muji', the name 'Wuji' always came to his mind subconsciously.
Yoshinoya President ‘Eisuke Saito’.
and Prince Hotel Group President ‘Hiko Akiyama’.
"Everyone, from today on, you are the core senior management of the Seibu Group. Unless there is a major strategic mistake that adversely affects the operations of the group and subsidiaries, I will not adjust your positions easily."
With one sentence, everyone calmed down.
This is also Xu Liang's purpose.
The Seibu Group, which has undergone huge personnel adjustments, is now in a time of panic.
He wants to ensure that there is no chaos in the top management team.
Only if they work with peace of mind can the group move forward stably and in accordance with the plan of his boss Xu.
“In addition, the group will set up an option pool with 20% of the shares of each subsidiary. All executives and employees of well-performing subsidiaries will receive option rewards based on their performance.
Specific reward and punishment rules will be published on the group’s website within three days.
Similarly, the group's senior management team and the core executives of its subsidiaries, that is, you, will also receive option awards from the group. ”
Option awards are the core of Seibu Group's management reform.
During Yoshiaki Tsutsumi's era, he regarded employees as domestic slaves and would never consider giving equity to company executives, let alone employees who made outstanding contributions.
Xu Liang knows very well the principle of "when everyone adds fuel, the flames will rise". Making the cake bigger will make more money than being a miser.
As soon as he finished speaking, excitement and joy could be seen on everyone's faces.
"President, can we also get options from the group?" Bai Shanjin said with expectation in his tone.
"Of course. The group and the five subsidiaries belong to the same collective, and of course you have the opportunity to obtain options from the group." Xu Liangdao.
There are business transactions between subsidiaries. If they are too distinct, the group will lose its meaning.
Allowing subsidiary executives to obtain group equity is to break down barriers and draw closer relationships between subsidiaries through interest bundling.
After briefly explaining the group’s ‘option reward and punishment terms’, Xu Liang continued.
“After selling Seibu Sogo Department Store, the group not only got rid of a heavy financial burden, but also reduced a large part of its business.
The five major subsidiaries of the group.
Let’s not talk about Seibu Bus and Seibu Railway. As public utility companies, their growth and development are relatively restricted by policies. Next, focus on stability.
Muji and Yoshinoya, while continuing to consolidate the Japanese market, are accelerating their deployment in first- and second-tier cities in China. My request to you is very simple. In the next three years, you must open 300 branches each in China.
All direct sales are required.
In terms of dishes, in addition to the existing traditional dishes, we must actively develop more new dishes based on the tastes of Chinese people.
I will go to your branch in China to inspect at any time. If you are not satisfied, don’t blame me for being rude. ”
Seeing the oppressive eyes of the big boss, Yokoyama Masaya and Yoshinoya Saito Eisuke felt the pressure in their hearts increase sharply.
"We will do our best to do the company well in accordance with your requirements, Chairman."
"I'm waiting to see how you perform."
Xu Liang turned his eyes and looked at Qiu Shanyan.
The latter subconsciously avoided his eyes and did not dare to look directly.
Xu Liang's majestic physique, coupled with the aura he had developed from being in a high position for many years, was too oppressive when he was condescending.
"Akiyama-kun, did you see the email I sent you?"
Akiyama Yan nodded quickly, "President, I have produced an integration report of the Goodwood Garden Hotel Group as per your request."
Li Jinling stepped forward and took the report from his hand and handed it to Xu Liang.
After a simple flip.
"Please give us a brief introduction first."
"Yes. ...Prince Hotel Group and Goodwood Garden Hotel Group have officially reorganized into the 'Seibu Hotel Group'.
The business is divided into three segments: business hotels, resorts and theme parks.
In terms of business hotels, it owns a luxury select brand "Prince Gallery" hotel.
In the next 3 to 5 years, we plan to build a ‘Prince Gallery’ hotel in Osaka, Xiangjiang, Singapore, Beijing, Shanghai, Pengcheng, Yangcheng, Wuchang and Chengdu.
Increase the number of 'Luxury Collection' hotels under the group to 10.
It owns the ‘luxury five-star’ hotel brands ‘Royal Prince’ and ‘Goodwood Park’.
The two brands have 7 and 26 hotels around the world respectively. In the next five years, we plan to develop the two hotel brands into major cities around the world through mergers, acquisitions and new construction, with the number exceeding 60.
It has a brand of "Four Star" and "Grand Prince Hotel" and 13 hotels under it.
It has two brands, 'Three Star', 'Prince Hotel' and 'Taihua Hotel', with 15 and 29 branches respectively.
It owns the express hotel brand ‘Smart Prince Hotel’, which has 32 branches.
In the next three to five years, we will increase the number of four-star ‘Grand Prince Hotels’ to 50.
Increase the number of ‘three-star’ Prince Hotels and Taihua Hotels to 100.
Increase the number of express-class ‘Smart Prince Hotels’ to 500. In addition, the operation strategy of ‘Smart Prince Hotel’ has been changed, giving up direct-operated properties and focusing on franchising.
In terms of resorts, the group currently owns 23 resorts including Karuizawa Resort and Akasaka Resort.
In the future, we will develop into Southeast Asia and China, and increase the number of ‘Prince Resorts’ to 30 within five years.
In terms of theme parks, the group owns two: Seibu-en and Toshima-en.
Because the two companies have been established for too long and their equipment is seriously aging, we plan to invest in reconstruction.
And actively explore the business model of theme parks in the new era, combine high-quality IP, and actively create high-quality entertainment projects..."
Akiyama Yan's report was very long, and he obviously put a lot of effort into it.
(End of chapter)