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Chapter 711 Gradual Improvement of the Organizational System(1/2)

Boss Zhou’s vacation is over.

When he appeared at the executive meeting, everyone spontaneously applauded enthusiastically.

Everyone's eyes were bright.

His eyes were filled with admiration.

Among them, there are big guys like He Yang, Wang Haoyang, Xu Liangjie, and Cheng Binghao, as well as young people like Zhang Yiming, Guo Pengfei, Ji Zian, and Chen Dong, as well as Chen Tong, Han Leshui, Guo Dan, Wang Xing, and Nie Caijun.

A new executive who hasn't been around for long.

Including Shi Jinglin!

Raising her delicate white face and slightly raising her chin, she looked a little arrogant, as if she was declaring her sovereignty.

Raised US$1 billion, with a market value of US$12 billion!

Such results are inspiring!

We all work hard together and work overtime day and night. Of course, we have ideal factors, but we are all living people, with families to support, personal desires to satisfy, and money!

Now, the dawn has begun!

If starting a business means struggling in the long dark night of winter, waiting for the dawn. Then after reaching a financing agreement with SoftBank, dawn has appeared in the world of Ziweixing!

It's going to be daybreak!

Those present were all senior executives, holding at least hundreds of thousands of shares and as many as more than 10 million shares.

At $10 per share, the worst case scenario is a net worth of several million dollars.

Core executives like He Yang, Wang Haoyang, and Xu Liangjie who hold 10 million options have a net worth of over 100 million US dollars!

It's a dizzy feeling like being drunk.

It's the charm of money.

On the oval conference table, the front seats are filled with vice president-level executives, and the row behind are director-level executives, all of whom have bright eyes.

Gaze at the Zhou Buqi at the top of the list.

Zhou Buqi was full of joy and said with a smile: "Everyone should know, let me say it again. Three good things. First, the headquarters park of Pengcheng Branch is about to be launched, with a total investment of 1 billion yuan. This will be the first private-owned enterprise in China.

The headquarters park with the largest amount of investment among enterprises belongs to us, Ziweixing!"

The conference room was so quiet that everyone seemed to be breathing.

After a pause, Zhou Buqi continued: "Second, the open platform of Friends Network has been sold smoothly. It has completed the sales to Baidu, Sina, Alibaba, Penguin and other companies, and the sales amount has reached 500 million yuan.

Currently, Ziweixing has more than 1 billion yuan in liquidity on its books. However, this does not include debt. We still owe 420 million yuan to the bank, 180 million yuan in land payment from the Pengcheng government, and a final payment of 400 million yuan from Vanke."

Although it was a debt, no one cared much about it.

Given the size of Ziweixing, the small amount of money owed by others is nothing at all.

"The third thing is the Series A financing. We have reached a preliminary agreement with SoftBank Group and raised US$1 billion in funds at a valuation of US$12 billion!"

When he said this, Zhou Buqi deliberately emphasized his tone.

Then, there was thunderous applause again.

What a pleasure!

Especially Guo Pengfei, Ji Zian, Chen Dong, and Zhang Yinlei, who were senior members of the Ten School Entrepreneurship Alliance, almost all had tears in their eyes.

The days when I went to the market with Boss Zhou, did campus promotions, and opened a chain of milk tea shops... those scenes of the past seem like yesterday.

At the beginning, we were all young college students and paupers.

Nowadays, everyone's face has shown a lot of maturity that does not match their age, and everyone has a lot of money.

Huge change!

Zhou Buqi didn't like this atmosphere.

It’s okay for everyone to be happy, but they must not be corrupted by money.

"Getting rich overnight is the most dangerous thing. It makes people lose motivation and get lost in the direction of life. Wealth is yours if you can control it. If you can't control it, it's a crisis. This is my advice to everyone. I hope everyone will look back.

Be able to reflect. We are all executives and the smartest people. I hope everyone can have a clearer understanding of wealth."

"Moreover, the estimated net worth cannot represent anything. The valuation is just a bubble and a castle in the air. If the company does not perform well, it is valued at US$12 billion today, and I am afraid it will go bankrupt in a short time. Everyone is still doing the same thing as before.

It’s an illusory dream. If we want to truly realize wealth, we still need everyone to continue to work hard and strive to promote the listing of Ziweixing!”

"The A round is just the beginning, and it just means that Ziweixing has officially appeared on the Internet stage. Next, we still have a long way to go. To be a great company, Ziweixing has to play an infinite game.

There is a bigger and broader world waiting for us to conquer. I hope to forge ahead hand in hand with everyone here. I don’t want to see anyone left behind. I hope everyone can hold hands and forge ahead!”

Zhou Buqi's rhetoric has always been very good.

This slap was obviously a slap in the face to a sweet date, but after saying it like this, the slap became the motivation to encourage everyone to fight hard, breathe together, and share the same fate.

Next, He Yang and Xu Liangjie also spoke one after another.

The theme is almost the same.

It is to unite the entrepreneurial spirit.

Don't be lazy just because you have money.

It’s time to work hard, it’s time to struggle.

If anyone is immersed in the illusion of wealth and no longer wants to make progress... I'm sorry, you are lagging behind! You are leaving!

Once you leave, it will be a huge loss.

Because Ziweixing's 4-year option is a "1234" system. That is, you will get 10% in the first year, 20% in the second year, 30% in the third year, and 40% in the fourth year.

Most people only get 30% of the options in the second year of their contracts. For someone like Xu Liangjie, who only joined the company last year, 10 million options seems like a lot, but in fact he can only exercise the options now.

10% is just 1 million shares.

If you don’t want to fall behind, you have to keep working hard!

After the slap, the next step was to give Tianzao.

Zhou Buqi announced that Ziweixing will usher in a series of organizational structure changes. The first thing is to implement a formal employee rating system from now on.

Technical personnel range from T1 to T10, and management staff range from M1 to M10.

The technical talents are okay and they have been following the rating system.

Manageable talent has always been in the squeeze stage.

For example, He Yang was obviously at the M8 level, but was downgraded to M6.

This is because the company used to be small and the setting of so many levels was too complicated. It was not necessary to have just that many employees. More importantly, as the level got higher, the salary had to keep up.

It's different now, everyone has such high options.

For senior executives, it is not so important whether their salary is more or less. If they increase their level without increasing their salary, they can proceed smoothly.

This matter was decided at the decision-making committee yesterday and then passed.

After the A round of financing, Ziweixing’s stock price is obvious to all. When recruiting people in the future, it will be impossible to issue high-value options on a large scale.

The current distribution of Ziwei's weekly options is basically a monthly salary reciprocal system. For example, He Yang's monthly salary is 90,000, and his 4-year options are 90,000 shares; for example, Shi Jinglin's monthly salary is 60,000, and her 4-year options are 60,000 shares.

; For example, Chen Dong’s monthly salary is 30,000, and his four-year options are 30,000 shares.

In the past, we couldn't afford to pay wages, so we had to give more options.

It will definitely not be like this in the future, and the scale will be reduced to 25%.

For old employees, the past salary contract will still be followed. New employees will be allocated according to the new option rules. With a monthly salary of 60,000, they can only get 15,000 share options in 4 years.

As Ziweixing gets bigger and its stock price gets higher, there will definitely be fewer and fewer options allocated.

Whoever joins the job early will take advantage.

The new management structure is also outlined.

M10, Chairman: Zhou Buqi.

M9, CEO, President: Zhou Buqi.

M8, senior vice president level: He Yang, Xu Liangjie, Wang Haoyang, Cheng Binghao.

M7, senior vice president level: Liu Qing, Zhang Yiming, Ji Zian, Wang Xiaochuan, Ji Zian, Shi Jinglin.

M6, vice president level: Cheng Zhenping, Guo Pengfei, Chen Tong, Han Lexui, Guo Dan, Wang Xing, Pei Yao, Wang Haiyang.

M5, senior director level: Nie Caijun, Tang Binchen, Chen Guohuan, Fu Sheng, Xu Ming, Sheng Kang, Luo Ji, Chen Dong, Cao Hongtao, Fei Minke, Liang Rubo, Tao Zheng...

Zhou Buqi announced that from now on, Ziweixing will implement new option allocation rules.

However, all old employees will continue to work according to the past salary structure. Until their current contracts expire in two or three years, new rules will be implemented.

At that time, executives will have their salaries increased and stock options will decrease.

Then, Zhou Buqi announced two more things, establishing two new departments.

The first one is to establish the Ziweixing Engineering Institute, with Chief Technology Officer Cheng Binghao concurrently serving as the dean, responsible for coordinating and developing high-end technology research and development within the company.
To be continued...
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