Chapter 1209
Chapter 1209
Clyde was livid, and his face was red with anger. He gave Wesley a stern look and ordered, “Continue
with the report!”
Wesley shot a disgruntled look at Liam.
Today’s high–level meeting was organized by Liam with a n to restructure thepany, reim
some of the authority from the shareholders, and implement a merit–basedpetition system where
workloads are distributed ordingly.
This idealistic management style would sh the ie of some high–level executives who held
positions but did no actual work; hence it was not widely epted.
The same scenario happened this time, with half of the attendees in favor and the other half against.
Clyde was very pleased with this oue and said with a smirk, Liam, business is not child’s y. You
need to be more realistic.”
Liam nced at him, showing no surprise at the oue
He calmly said, “Since so many people are against it, let’s put this issue aside. Now that everyone is
here, let’s go over the books for all the industries and projects thepany is involved in. The
economy hasn’t been doing well these past few years, so for those subsidiaries and projects that are
continuously losing money, we should shut them down or put them on hold. If we can’t increase
ie, we need to cut expenses.”
Upon hearing this, some people’s faces turned sour
Quantum was involved in many industries, but the only profitable ones were under Liam’s control.
Orville Reed’s most profitable venture was real estate, but its ie had significantly decreased in theThis belongs to N?velDrama.Org - ?.
past two years due to various reasons.
The other industries either had low ie, barely broke even, or were outright losing money.
The centralpany had been supporting these loss–makingpanies with funding. As long as the
centralpany stayed afloat, there would be profits to distribute
The funds provided to these loss–makingpanies were all generated from Liam’s high–ie
industries.
Liam bringing up this issue was a clear indication to everyone that he would no longer provide funding,
basically cutting off their financial lifeline
Everyone started to protest
“Mr. Reed, manypanies have been operating for over a decade. It would be such a waste to shut
them down now.”
“Yeah, Mr. Reed, some industries have potential. They might start turning a profit any day now. Didn’t
the medical equipment we invested in a couple of years ago start making money?”
Liam nced at the speaker, “Mr. Parsons, have you ever seen a potential stock that hasn’t made
money in over a decade? The new media industry was booming a few years ago, so why is our new
mediapany losing money?”
The man was left speechless with an ufortable look on his face
Liam nced at everyone and spoke in a low voice, “Since we’re all here, I’ll just cut to the chase. If
anyone’s thinking about cking off at work, I’m sorry, but I might have to show you the door. Quantum
doesn’t feed freeloaders, and I won’t let my hard–working employees line the pockets of such
Individuals
Owen pursed his lips.
Liam’s words were too blunt. Many of the stakeholders from Clyde’s side hadn’t contributed much, but
because they had been with thepany for a long time, they received hefty sries.
Then there was Liam’s team. They worked the longest hours, but because the team members were
younger and held lower positions, they didn’t get the highest shares in thepany
This mechanism within Quantum should have been reformed long ago, but due to years of entangled
interests, it wasn’t something that could be achieved overnight.
Mr. Reed’s straightforward and strong personality might rub many people the wrong way with this
statement.
This had Owen a bit worried.
He felt that Liam was handling this matter too rashly, but from the employees perspective, he could
totally understand Liam’s urgency
Just a couple of days ago, a colleague from the R&D department had a heart attack due to
overworking. Fortunately, other colleagues were around and
got him to the hospital in time. Although the colleague was saved, he was still in critical condition and
under intensive care.