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The Ideal City

This is a work of fiction

Ep39

Resignation Letter, Su Xiao

Proposal of All-Employee Stock Ownership

Resignation Letter

President.

Take a seat.

Proposal of All-Employee Stock Ownership

Proposal of All-Employee Stock Ownership?

What does it mean?

It means what it says.

I suggest that the stocks of the merged T-subsidiaries

should be owned by all employees.

Do you think

that it's something you should do?

To be honest,

I'm not sure if I should be the one to propose it.

If you don't even know

whether you should do it,

it means that your mind isn't clear.

Talk to me again

when you figure it out.

I should.

It's something I should do.

President,

during the merger of the T-subsidiaries,

I encountered many issues

and found out many problems.

I reached a conclusion

that wherever rules don't reach,

hidden rules reign.

The fundamental problem of the T-subsidiaries

is that

their profit-sharing mechanism

isn't appropriate.

Is this appropriate to you?

Su Xiao,

I told you to merge the T-subsidiaries.

I didn't tell you to overthrow the shareholders.

President,

I want to show you a place.

Where?

It's a piece of agricultural land

next to Shangguan Art Gallery.

What for?

Over thirty families live

in a temporary building over there.

The eldest guy

is over 70 years old.

All of them used to be construction workers.

They've constructed

countless buildings in this city,

but none of the flats

belongs to them.

They used

to work for the same company.

The name of this company

is Yinghai.

President.

In my opinion, Yinghai

doesn't belong to you

or me,

it belongs to all the employees of Yinghai,

including those who used to work for us

or will join us in the future.

Yinghai is a combination

of everyone.

It's a community with a shared future.

Tang,

bring me my coat.

Let's go.

Mr. Xia.

President,

Mr. Xia is here.

You're the first one

to trick me.

Tell me,

how should I punish you?

It's your decision.

OK.

Return the land to the group.

Pull down the temporary construction.

Kick out all of the families

living in there.

I don't believe it.

You're not such a narrow-minded person,

president.

Narrow-minded?

Do you think

that I care about

what people think about me?

Of course, you don't.

You're successful and recognized now.

The wind doesn't reach you

and the rain doesn't fall on you.

Everyone treats you with great respect.

The Zhao Xiankun who

lifted sandbags, carried bricks,

and ate and lived

with the migrant workers

no longer exists.

Why would you still care about what those

sun-scorched workers

struggling to make a living think about you?

What an ambitious speech

to save them all!

However,

are you qualified to say that?

You made TK Construction in the red.

A TK Construction in debt

means that half of the merger

of the T-subsidiaries has failed.

The failure of the merger of the T-subsidiaries

has a direct impact

on the IPO of the group.

You care about the lives of over 30 families,

but have you thought

about over 20,000 families who will be affected by the IPO?

You can't blame me for such a big issue.

Today,

I'm determined to make a scapegoat of you.

Come upstairs.

President,

what can I do for you?

Assemble your men.

Later on,

I need you

to deal with something.

President,

you can't do this.

Why can't I?

That land belongs to the group.

Only I am responsible

for this whole thing.

They have nothing to do with it.

Punish me as you wish.

But please give them

a place to live.

Punish you as I wish?

Let's make a deal, then.

I can keep those people there

on the condition

that you become the general manager of the T-subsidiaries.

You owe it to the T-subsidiaries.

I also owe it to them.

Hello.

I read through the proposal.

Add the details

and make it into an action plan.

OK.

I will,

president.

Hello?

Is Hongmei in?

OK. I'll call her private number.

What's wrong, Xiao?

Hongmei.

Send me the personnel reports

of the T-subsidiaries.

I need them now.

I'm not in the office.

Where are you?

I'm in the new flat.

But isn't your flat under construction?

No.

Well...

I divorced Bei.

When did it happen?

Why didn't you tell me?

It was two days ago.

You were in good spirits

and I didn't think about telling you.

It wasn't necessary.

It's such a big thing.

Why didn't you

tell me about it?

I...

How are you now?

I'm fine.

I won't keep

complaining about everything.

I finally understand

that you have to create

your own happiness.

I'll tell you about it next time,

Xiao.

Who is it?

I wish you a happy life.

Thank you,

Wait.

President.

When did you return?

Last night.

The flight was delayed.

I was kept awake for over half of the night.

How's it going?

We still can't break into

the southwest markets.

I was just thinking

that we'd better give up.

After the merger of the T-subsidiaries,

the new company will focus on the southwest.

It's a good plan.

It's time to decide the person who will become

the general manager of the T-subsidiaries, right?

I want to appoint Xia Ming.

What's the problem?

I'm just a bit confused.

Before I went on the business trip,

didn't we just make the decision

to spin off TK Construction?

We won't do it.

The main reason for TK Construction's losses is

that it expanded too quickly.

It hasn't reached a point

where we have to divest it.

Give it some time

and the situation will be better.

Well... I see.

But I don't think Xia Ming fits the role.

He takes too many risks.

When Huang Lilin was in charge of TK Construction,

they made profits every year.

How long has it been since Xia Ming took over?

They're suffering heavy losses.

If he becomes the general manager,

I'm afraid that he will

bring the T-subsidiaries down.

TK Construction is in the red

exactly because

of his excellent abilities.

President, you're not joking, are you?

I'm not.

Here's my plan.

The T-subsidiaries will do business in the southwest

and break into new markets.

In the future, it will be able

to cover southwest Asia.

The EPC company

will reinforce the existing markets

and expand

public-private partnership businesses in depth.

The two companies will develop independently

and won't interfere with each other.

Who will Xia Ming report to?

Directly to me.

In this case, you can

have time and energy

to focus

on expanding PPP businesses.

Mr. Liu. It's me.

Do you have time for dinner?

No.

It's nothing special.

The group is going

through some decisions.

I think that members of the board

like you should be aware of them.

Let's meet at the usual place.

It's a good stock ownership plan.

It basically lifts the burden

off our shoulders.

This time, we have to thank Su Xiao.

It's not like that.

I proposed the plan.

But the president

made the final decision.

So, don't thank me.

Thank the president.

We need to thank the president,

We also need to thank you.

We're grateful to both of you.

Right. It's different.

Alright.

Let's not talk about this right now.

Back to business.

I have handed the merger plan

to the board.

In about ten days,

there will be a vote.

After the plan is approved,

the merger will officially begin.

There're a few more things

to confirm with you now.

I want to ask about one thing.

Please tell me.

I heard that Xia Ming will be appointed

as the general manager of the T-subsidiaries.

Don't you think

that it needs

our approval?

It's the decision for now.

But if you

have any disagreements,

you can tell me about it.

It's simple.

He made TK Construction in the red.

I seriously doubt if he

can manage the T-subsidiaries well.

Yeah.

Excuse me.

You might not be able to get in contact with me these days. It will be fine.

Carry on with the merger of the T-subsidiaries. Ask Mr. Xu if necessary.

Hello?

OK. I'll hang up.

The president is being investigated.

Yeah.

It's said that he was taken away.

I just received the message.

What's happening?

The board authorized me

to carry out an investigation into the all-employee

stock ownership plan.

The board suspects

that you made an illegal agreement

with the president.

I invited you here today

to understand the situation.

First, I declare

that it's an internal investigation.

It's voluntary.

You can choose to cooperate

or to refuse.

If you think

there's nothing wrong with it,

I suggest that you cooperate.

I was you indeed.

Please answer.

Are you willing to cooperate with the investigation?

You want to replace the president.

Are you daydreaming?

If you come clean about it,

it will remain

as an internal matter.

Internal matters call for internal solutions.

After you tell me about everything,

I will let bygones be bygones.

Mr. Wang,

do you know what it is that you can't

match the president in?

The mind.

The president

will never go into

the battlefield unarmed like you.

I know that you're very good

at playing little tricks.

I didn't know that you're so good at it.

The feeling is mutual, Mr. Wang.

Don't forget

that you lent me 30 million interest-free.

What about that land?

Do you know

who told me about it?

The president.

Are you willing to talk now?

Mingyu.

Come out for a minute.

What are you playing at?

The board authorized me to investigate

the truth of

the all-employee stock ownership plan of the T-subsidiaries.

I told Xia Ming to come over

because I need to investigate him.

Do you really need security guards for an investigation?

I just want to scare him.

He is mentally tough.

If I don't put pressure on him,

he won't tell me the truth.

The group is experiencing

a sensitive period.

We can't even afford to sense a straw in the wind.

Understood?

But I ask about the details

only to help the president

clarify the facts.

To help the president?

Yeah.

I understand

that some people say that I'm

the reason why the president

was taken away.

How is it possible?

Xu,

you don't believe such

a groundless statement, do you?

I think that maybe

Liu and the others did it.

Because before this,

they complained to me

that the president

is too arbitrary.

What do you think, then?

It happened all of a sudden.

I didn't think it through.

What about you?

My thoughts never changed.

I want to stabilize the group.

I disagree with the all-employee stock ownership

of the T-subsidiaries.

Reform of the system causes instability.

I disapprove if someone wants to bring

the president down.

Office politics

also cause instability.

I don't care who he is

or what he wants.

Anyone who wants to bring the group down

or mess the group up

is my enemy.

Let's go.

Where to?

The leaders' meeting.

Wang Mingyu.

What exactly is going on?

Why would I know?

If you don't know about it,

no one does.

Anyone who has a brain

understands

that you're the biggest beneficiary

of the president's downfall.

Lin Xiaomin.

You watched too many dramas, right?

Come on. Stop pretending.

The biggest beneficiary?

Where's the benefit?

You know very well...

Stop arguing, the two of you.

Maria.

Go ahead first.

OK.

I just received

a temporary joint motion

from three minority shareholders.

They require to remove

President Zhao Xiankun from office.

They think that the president has personal

motives in implementing all-employee

stock ownership in the T-subsidiaries.

Officially, it's to motivate the subordinates.

Actually,

it's a shareholding entrustment between him and the subordinates

to illegally misappropriate the group's assets.

This is a bit of a joke.

You wouldn't believe

that it's real, will you?

Mingyu, say something.

Hu,

have you seriously read through

the all-employee stock ownership plan of the T-subsidiaries?

I didn't.

What? Is there anything wrong with it?

After the merger,

the founders of the five T-subsidiaries

will share a total

of 15 percent stake depending on their

previous contributions.

According to the profits TK Construction brought

to the group in the past years,

I calculated

that Huang Lilin will get

roughly five percent.

Also,

the general manager of the merged T-subsidiaries

will have

no more than

five percent equity.

The president wants to promote Xia Ming

to the general manager of the T-subsidiaries.

After the merger,

Fat Huang and his nephew

will have a total

of almost ten percent stake.

Ten percent?

That's quite a lot.

Come on.

Although Xia Ming is Huang Lilin's nephew,

he and Huang are two different persons in the end.

One is the founder,

the other is the future general manager.

If you separate them,

it's not too much at all.

But the problem is

that Xia Ming made TK Construction in the red.

TK Construction had been developing well

when Huang Lilin managed it.

How long has it been

since Xia Ming took over?

Why is it in debt?

The president not only doesn't punish him

but plans to promote him

and make him a five percent shareholder.

Honestly, is there nothing wrong with it?

Even so,

there's no proof

that the president and Xia Ming

reached a private agreement, right?

Come to the meeting room.

Come in.

Here's the thing.

One day,

the president called me out of nowhere

and told me to go to his office.

After I entered, I realized

that Xia Ming was there, too.

Then, the president and Xia Ming

started talking

for a long while.

I didn't understand

what they were talking about.

So I didn't remember.

And then,

the president sent me away.

When I left,

I heard that the president said

"Let's make a deal, then".

Then?

Then the door closed.

I don't know what happened afterward.

It's just one sentence.

What can it prove?

Do you have any idea

that the two of them

are keeping a piece of land in the rural area from us?

What land?

What land?

Gao Jin.

I really didn't expect

that the president would keep it from you, too.

What land?

A piece of agricultural land

next to Shangguan Art Gallery.

How did you know?

Last year, I wanted to cooperate

with Hung Lilin.

I planned to use

that land for other purposes

and develop a real-estate project.

At that time, Huang Lilin

wanted to cooperate,

but Xia Ming was finding

excuses to reject me.

He clearly could've used He Yao

but stalled and refused to do so.

I was confused at that time.

I understand it now.

He wants to keep it for himself.

Exactly.

Xia Ming aims at making TK Construction

in the red

and putting pressure on the group

through the creditors.

After a successful divestiture,

he can make the land in the rural areas

his own.

After knowing about it, the president

didn't tell any of us

but wanted to promote Xia Ming

to the general manager of the T-subsidiaries.

Does it make sense?

If I say that the two of them didn't

reach a private agreement,

would you believe it?

I wouldn't.

Mr. Xu.

I have a document

for you to sign.

Mr. Xu,

the president...

Focus on your work.

Don't overthink.

The president should be alright.

Su Xiao.

Mr. Wang.

Come in and have a seat.

OK.

It was the third project

that we got.

At that time, it was a big one.

We didn't have enough people.

The president and I

both needed to work on the construction site.

It was different back then.

The safety precautions weren't so good.

There weren't safety nets on the construction site.

At that time,

a double coupler used for fastening logs together

fell off.

The president pushed me away

but the double coupler fell

on his head

right here.

It was so dangerous.

Yeah.

Therefore,

the friendship the president and I share has been tested.

Mr. Wang,

what happened to the president?

He's fine.

He's just cooperating with the investigation.

Don't worry.

Take a seat.

We will solve

the problems of the president.

You just need to focus

on your job.

You've been a member of the group for so long.

I still haven't got time

to have a proper chat with you.

Today,

let's talk a bit.

Go on.

Actually,

I don't really believe that girls

can become good managers.

You managed to impress me.

You have strong abilities

and good ideas.

You're motivated.

Although you're a bit immature

when you do things,

your problems don't obscure your qualities.

The vice chief financial manager is a bit

unworthy of your abilities.

Which position is worthy

of my abilities, Mr. Wang?

Xu is getting old.

He isn't in good health, either.

I'm worried that he will quit one day.

Who will take his place?

Mr. Zhao is the right candidate.

I don't think that Zhao Peng

is suitable for the chief financial manager.

You are.

Thank you for thinking so highly of me, Mr. Wang.

Normally, the chief financial manager

is a member of the board.

If you aim at becoming

the chief financial manager,

I suggest

that you get in touch

with the shareholders

from now on.

How?

Right now, the shareholders

wonder most about the president's

true purpose of telling you

to make the all-employee stock ownership plan

of the T-subsidiaries.

If you can give them

the answer,

you will surely leave

a deep impression on them.

The president didn't tell me to make

the all-employee stock ownership plan.

I offered to do it.

When I handed it to the president,

he even scolded me

and said that I want to overthrow him.

I spent a lot of effort

convincing the president.

My aim is to set up a fair incentive mechanism

in the T-subsidiaries.

I don't think it's an answer

that the shareholders want to hear.

But this is my answer.

I think

there can be another answer.

You will only get

this answer from me.

Women can't become managers in the end.

You're too shortsighted.

You have to know

that fur cannot exist when the skin is gone.

I disagree

because I'm not attached to the skin.

Mr. Wang talked to me just now. He was very dominant. I'm afraid that the board has reached an agreement with him.

I see.

How are you?

I'm alright. He's just trying to bluff.

Don't worry.

Drink a cup of coffee.

Let's carry on.

There's no hurry.

I'm in a hurry.

If you're in a hurry,

just come clean about what happened.

After you explain everything,

you can leave.

I really have nothing to confess,

Mr. Wang.

Why are you so stubborn?

I'm being kind

and I've been offering you chances.

You just won't cooperate.

Then, I don't have

to be polite to you.

Let me ask you.

Why did you help Wang Yang

borrow from the loan shark?

The group pushed him for the late payment.

He asked me for help.

I pulled strings for him.

Is there anything wrong with it?

Nothing.

There's nothing wrong with it.

If Wang Yang didn't borrow

from a loan shark to repay the group

and made everyone aware of it,

the president

wouldn't have determined

to merge the T-subsidiaries so soon.

If the merge of the T-subsidiaries didn't start,

there couldn't have been due diligence.

If not for due diligence,

we wouldn't have found out

that TK Construction suffers heavy losses.

Without the finding,

we won't decide to spin off TK Construction.

Without the spin-off,

you won't be able to get

the land in the rural area.

Perfect.

It's so perfect.

Close, but no cigar.

You almost succeeded.

You've been designing it carefully

and planning it for years.

Pity, it's a shot on goal.

You failed.

I can imagine that your heart

must be bleeding.

I can make it work again.

I can give you both TK Construction

and the land in the rural area.

What do you mean?

I mean what I said.

You treat me like a three-year-old kid, Mr. Wang.

TK Construction is insolvent.

You don't know if the agricultural land in the rural area

can be used for other purposes

in the future.

To divest TK Construction

is a legitimate procedure.

Of course,

the precondition

is that I can make the decision.