Chereads / The Wealth Code / Chapter 136 - 0136 I'm showing my cards, screw me if you can!

Chapter 136 - 0136 I'm showing my cards, screw me if you can!

  The reception ended in such a strong business atmosphere, and after the governor's personal officer said some "ulterior motives", he and the mayor left first, supposedly to adjust the direction of Sabine's next development.

  But this is normal, although it is said that this is a Progressive Party organized by the exchange of drinks, but the majority of the participants in the reception are some capitalists, business people.

  The presence of a handful of politicians wasn't a good choice, it would give the people a terribly negative sensation, making them think that their elected politicians were in cahoots with the capitalists, even though the two had never actually been separated.

  In the second half of the reception, the business atmosphere became a little heavier, and many people chatted briefly with Lynch and left their contact information with each other; they were now all businessmen in the same camp, and would be able to provide each other with what help they could if they needed it.

  Human society, social favor, if you don't help others, why should others help you?

  This is why there will always be some people who want to get into a small circle, in many cases, the circle and success is equal.

  The impact created by the reception was far beyond the speculation of those who participated in it, or rather they were in the middle of the game as participants and were unaware of the changes in the outside world.

  Less than ten minutes after the governor's personal officer uttered the words "unity," the Ristoan board of directors initiated a conference call.

  Almost all the directors who had time to spare participated in the call, including Mr. Neo, who was called back suddenly.

  It's not overly stressful, sometimes characters like mayors and governors can't show their attitude too easily, keeping some possible concessions in a vague and implicit way, but they can't show too much weakness, so what's the best thing to do?

  Then their close officials around them, the handlers, can come into play, and this time those words from the governor's handlers have apparently been interpreted in a way that is not good news for the Ristoan group.

  As a publicly traded company, they are well aware of the elusive yet really strong link between local government attitudes and stock prices.

  If they can't resolve these issues before the market opens on Monday, it's highly likely that Ristoan's stock price will go all the way down.

  It was like what the mayor had imagined at the beginning, when faced with a conglomerate like Ristoan, you talk to him about morals, about ethics, about social responsibility and rules, and he'll just pretend he doesn't know anything about it, and all they're after is always more profits.

  As long as the profits are attractive enough, violating morals and ethics and trampling on the law will not be a hindrance to their pursuit of profits in their eyes.

  Only when they were made to feel pain and their wealth began to shrink could they, like a human being, begin to consider talking about what some people should say.

  "Who's in charge of the policy office now?"

  The conference call had just begun, and before President Neo had a chance to preside over the meeting with his magnetic and well known voice, a sudden voice came out that made everyone freeze; it was the voice of the Chairman of the Board of Directors of the Ristoan Group of Companies, an old man named Orben Ristoan, and this company was actually founded by his grandfather.

  It was only after so many years down the line that this company, which could only be considered a small family business, had gradually evolved into a large group of companies under the management of the old man Orben and his father.

  Of course, this company no longer belonged to them in the strictest sense, but their wealth had grown countless times more than when they used to hold the company completely.

  The old man usually didn't care much about things, and now that his first words were inquiring about the policy office, he immediately made people realize that he was taking the pressure off and relieving President Neo, and that Mr. Neo, who was currently the president of the group of companies, was Old Man Orben's son-in-law.

  Every large company will have an office that specializes in policy, perhaps the name of the department may be a little less than the same, but their purpose is the same.

  To find out what policies the government has enacted that would be good for the company, or that might be dangerous, and then either create an opportunity for themselves or push for a reexamination of the bill in the state legislature to see if it has any merit.

  This is one of the notable gaps between small and large companies, many of which have never recognized how much actively looking for policies can help their company grow.

  For example, in this state, there is an incentive policy whereby factories or businesses that start vocational skills training schools and train a certain number of trainees are able to receive a certain amount of tax deductions and financial subsidies from the government.

  Many people don't know that there is such a policy, and some even think that it has nothing to do with them when they know about it, but for big companies like Ristoan, each of their factories set aside a room to train their workers to master technical skills, and the way this training is done is by letting them work as normal, but having someone to guide them while they are working.

  Many workers call this so-called training "mentoring vacation", they do not need to work under great pressure in the high-intensity assembly line, the factory let them take turns to receive tutoring, and in this way to get a tax deduction and thousands or tens of thousands of dollars of education subsidies.

  Don't underestimate these policies, more than a dozen factories, enterprises, all the related tax breaks and education allowances add up to hundreds of thousands of dollars in net profit for Ristoan every year.

  Like this policy is not only this, there are many, need to have a special person to keep an eye on the government issued policy trends, as well as to study the relevant content, the annual tax savings and various allowances are a staggering figure.

  Now that the board president had snatched up the conference call that was supposed to be spearheaded by Neo and dumped the responsibility directly on the policy research office, those involved in the conference call already knew what was coming next.

  President Neo spoke up right after him and explained, "Mr. Chairman, the consultant from the Office of Policy is not qualified to sit on the board of directors ...", after all, it's just a consultant with a political background like Ferrell, and the company doesn't give these consultants shares, the Much less give them the opportunity to attend such a meeting.

  "Yes?" , His Excellency the Chairman's voice filled with some well-deserved surprise, "I'm sorry, I'm a bit older, and with what happened during the night, our advisor didn't give a timely warning, and I'm very dissatisfied with his work."

  That statement was bullshit, everyone knew exactly what was behind this, if Neo hadn't been tough enough to get him and the mayor put on the shelf, it wouldn't have happened the way it did now, and the fact that even a bigwig of the governor's caliber was going to make an entrance was definitely not good news for Ristoan.

  All issues that can keep escalating are not simple ones, and the attitude of Neo and the Mayor holding back their seedy heads and not willing to compromise comes down to the fact that it's actually coming from a struggle within the Ristoan group.

  There are those who believe that Niall is not well suited for his current position as president, and these people believe that Alban has already hijacked the position of chairman of the board, and that making Niall president would allow them, father-in-law and son-in-law, to hold the Ristoan Group, which belongs to all of the investors, in the same way that they indirectly hold it.

  Yes, the Ristoan Group does not belong to Orben Ristoan, the old man, nor does it belong to Niall, the president, after it went public it only belongs to all the investors, like Orben and Niall, both of them are also one of the investors, it's just that the investors trusted them and gave them their current positions.

  Since a few years ago, the group's development has slowed down, which makes many shareholders dissatisfied with this, coupled with the close cooperation with the group's HENG HUI Group suddenly investigated and closed down, part of the company's business and assets were implicated in it, the board of directors of the board of directors of some people believe that we should take the HENG HUI Group's "legacy" the majority of compensation in the filing of the case. Some people in the board of directors think that they should take a large part of the "legacy" of Heng Hui Group to compensate for the assets and businesses that were cut off by the group in the process of investigation.

  At the same time, they also want to make use of some of the industries left behind by HENG HUI Group to complete the transformation or upgrade of the group.

  This was originally a good idea, but the person who proposed this idea and encouraged the board of directors to vote on it was neither Neo nor Alban, but another major shareholder.

  In the world of capital, there is no camaraderie, and the majority shareholder has already bred the intention to send the father-in-law and son-in-law out of office, which leads to Neo having to show a tough side, or else the other party may start a board meeting to remove Neo from his position.

  At the same time, the conflict between Neo and the mayor makes him temporarily unsuitable for mobilization within the group, and if he wins, then no one will bring up this period of struggle.

  If he loses, the group of companies will also need a scapegoat to gain the forgiveness of those politicians in the Progressive Party, and a current president of a group of companies is better than a former president.

  Faced with heavy pressure, Niall and Alban decided to throw their weight around, they had originally planned to use the Conservative Party to promote the competition between the two parties in order to gain victory, but now it seems that the Progressive Party does not intend to compromise, which in turn puts a fatal flaw in their idea.

  After a brief pause for a moment, Neo didn't avoid the issue and first apologized to all the members of the board of directors, after all, it was because of the plan he was committed to promoting that affected the strategy and stability of the group of companies, and he had a responsibility that he couldn't shirk.

  Immediately afterward, his words turned to the current situation.

  "I got the information from some other sources that even if we bow down and I resign as president and apologize to the mayor, the governor and others, seriously repenting and apologizing, our situation will not get better."

  "We haven't had a significant improvement in our financial results since the year before, and from an outside perspective we're operating normally, but ...", Neo sighed out of nowhere, "I need to apologize, once again. I actually had the finance department falsify the financial report under my authorization ..."

  All of a sudden, the sound of cups breaking, chairs tipping over, things being thrown on the floor, and some cursing came out of the receiver ...

  In the midst of these sounds, there were however two laughs so slight that they were almost inaudible, and they came from the Chairman of the Board of Directors, Orben, and the President of the Group, Neo.