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Chapter 243: Boss Grandet


"Let me check the time." Chen Yiyang glanced at his schedule.

He had to attend the premiere in the afternoon.

In fact, the premiere started in the evening, but the host invited Chen Yiyang to arrive early to facilitate meeting some people from the entertainment industry.

"Could you ask her if she's willing to join me for a movie premiere?"

The reply came swiftly—a willing yes.

Thus, in the afternoon, Chen Yiyang first drove over to Zhang Yuling's place.

While on the road, his assistant sent over Wang Fengyi's personal information.

Ms. Wang Fengyi, now in her fifties, didn't have a very complicated career in the business field.

After her master's graduation, she joined Changcheng Automobile, which at the time was still a small company.

Over more than thirty years, Changcheng transitioned from a small company to a giant in the domestic automobile industry valued at 600-700 billion yuan.

For a long period, Wang Fengyi was considered by outsiders as the number two at Changcheng Automobile, second only to the boss Wei Yujun.

She held various positions such as rotating president, executive director, vice director, and general manager.

And she was once compared to Dong Mingzhu, with one being the sales queen in the air conditioner industry, the other being the sales queen in the automobile industry.

The public held her in high regard.

They saw her as a character combining the traits of Wei Zheng and Fang Xuanling.

Every time Changcheng Automobile released a new product, boss Wei Yujun would boast that their cars were excellent.

And Wang Fengyi would always step in to say they weren't good enough and needed more improvement.

However, Wang Fengyi, whom everyone thought would take over Changcheng Automobile after Wei Yujun retired due to age,

had been continuously marginalized and isolated within the company over the last two years.

The reason was straightforward.

Boss Wei Yujun's daughter returned from studying abroad and began trying to take over Changcheng Company.

This resulted in Wang Fengyi and many other Changcheng veterans being pushed out of the core decision-making circle.

Of course, this was understandable.

After all, with a change of regime, new people are bound to come in.

New leaders cultivating their own teams is not wrong.

It would be fine if everyone parted without hard feelings.

However, Changcheng Company handled this poorly.

Since Changcheng is a listed company, all company expenditures are accessible.

Wang Fengyi, as the long-standing second-in-command of a trillion-yuan automobile enterprise,

didn't receive any equity or dividends in her thirty years at the company.

A year before Wei Yujun's daughter took over Changcheng, the company had proposed a plan to give Wang Fengyi equity dividends, but it was rejected by the board.

Therefore, the only traceable income for this deputy head of a trillion-yuan auto company was her annual salary of about 5.5 million yuan.

For ordinary people, this seems like a lot of money.

But compared to boss Wei Yujun's net worth, it's likely that Wei Yujun spends more in a month than Wang Fengyi's annual salary.

Even among domestic companies where few give employees dividends,

Changcheng is considered one of the stingiest.

It's said that there are hundreds of inspectors specifically within Changcheng.

If employees don't return their keyboards to the designated position after work, they are fined. If chairs aren't pushed back in, they are fined too.

Additionally, all employees must undergo military training, including technical personnel over fifty or sixty years old.

"Follow the boss for thirty years, climb up to the second-in-command, but still no shares or dividends, only to be ousted. It's really sad."

The junior accountant couldn't help but comment after reading Wang Fengyi's profile.

"Indeed, if you stay with me for more than thirty years, I'd at least buy you a couple of plots of land, so you'd have somewhere for retirement."

"Hmph, if I stayed with you for over thirty years and you dared to fire me, I'd camp outside your doorstep with a quilt, showing everyone how heartless you are."

Chen Yiyang and the junior accountant bantered for a while.

Soon, they picked up Wang Fengyi at Zhang Yuling's place.

"Ms. Wang." Chen Yiyang greeted Wang Fengyi.

"Just call me Aunt Wang. I've retired, no need for formal titles."

"Fifty is the prime of one's career, why rush to retire?"

Chen Yiyang chatted with Wang Fengyi for a while, finding the conversation quite pleasant with this elder.

After all, Wang Fengyi's strongest suit was in market operations, and she knew how to grasp customers' psyche.

"I read in the news that Aunt Wang is considering starting a business?"

"That's just journalists making things up."

Wang Fengyi thought for a moment and earnestly said, "I don't have the mind for entrepreneurship. But having worked in the auto field for over thirty years, I still want to continue working in this domain."

"What's your view on Fei Peng Automobile?" Chen Yiyang suddenly inquired.

"Fei Peng Automobile?"

Wang Fengyi reflected for a moment.

Fei Peng Automobile operates in the pure electric sector, yet Changcheng for a long time has been hesitant to enter the electric vehicle space, only having one obscure electric vehicle sub-brand.

"Before making a solid push into the electric vehicle sector, Changcheng dismantled quite a few cars, which included a car that Fei Peng was selling quite well at the time."

"So, what's your assessment?"

"Corruption is severe."

"Why do you say that?" Chen Yiyang didn't expect Wang Fengyi to have such an evaluation of Fei Peng Automobile.

He initially thought Wang Fengyi would comment on the quality or appearance of Fei Peng's cars.

But she simply deconstructed a car produced by Fei Peng and concluded that Fei Peng Automobile was rife with corruption.

"We checked the materials used by Fei Peng Automobile against the costs reported on their financial statements.

The average price of steel and some auto parts used by Fei Peng was over 20% higher than market prices.

Do you know what this means? It indicates that there's collusion between interest groups within Fei Peng Automobile and suppliers, collectively inflating Fei Peng's production costs.

The general discussion is about Fei Peng's product offerings. I, however, believe that if Fei Peng wants a turnaround, the first step is to address internal corruption and resolve this major issue.

Otherwise, even if the next product meets standards, the internal corruption issues will still place Fei Peng at a disadvantage in competition with other automakers."

An innovative perspective.

Chen Yiyang was genuinely impressed by Wang Fengyi.

While others focused on the chaotic brand positioning and product lineup of Fei Peng Automobile,

Wang Fengyi, through mere vehicle teardown, identified deeper issues within Fei Peng.

If what she says is true, if Fei Peng doesn't eliminate internal interest groups, all upper-level reforms will be futile."

Thinking along these lines, Chen Yiyang suddenly asked Wang Fengyi, "If offered the position of President at Fei Peng Automobile, do you think you could turn things around?"

"Me?" Wang Fengyi pondered and replied, "I have the confidence, but such an offer is highly unlikely."

Wang Fengyi continued, "The leadership at Fei Peng Automobile consists either of Zhao Feipeng's trusted aides or the company's founding members. It's quite difficult for an outsider to hold the President position at this company."

"True." Chen Yiyang nodded, refraining from further comment.

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