Silicon Valley

The Asian financial crisis has affected South Korea, and many South Korean companies are struggling to survive. Samsung is also facing a moment of life and death. The company's business is in an emergency, and its long-term debt at its worst reached 18 billion US dollars.

In fact, Samsung was lucky. Since 1996, Samsung has implemented a management system innovation plan, with the concept of self-disciplined management, efficient management, and simple management. Its core content is to streamline the organization and save expenses. Therefore, in the Asian financial crisis, there is still a certain ability to deal with the crisis. If Henry didn't press it, in 1999, Samsung turned over. In 2000, the debt ratio was even reduced from 300% to 85%. For a group company with hundreds of billions of dollars, the change in the debt ratio is so great, it is evident how powerful Samsung is!

The core asset of the Samsung Group is Samsung Electronics.

Therefore, attacking Samsung Electronics is the biggest blow to Samsung Group.

Henry immediately ordered Williams Electronics to cut prices for all electronic products such as hard drives, memory, and LCD screens, killing Samsung!

Henry's move was actually killing two birds with one stone. While cracking down on South Korean companies such as Samsung, Japanese companies have also suffered unwarranted disasters. The electronics industry is also one of Japan's pillar industries. Originally, Japan was affected by the Asian financial crisis, and the domestic economic situation can be described as very severe. Today, Henry made Williams Electronics' products to cut prices, which not only robbed users, but also greatly reduced the profit margins of electronic products. How could other electronics companies suffer? The most terrible thing is that Japan and South Korea are both suffering from the Asian financial crisis, which is tantamount to rubbing salt on the wounds of Japanese and South Korean companies! ! !

As soon as the news came out, the stock markets of Japan and South Korea plummeted, which in turn caused violent turmoil in Asian stock markets.

Japan and South Korea have strongly condemned the price reduction of Williams Electronics' electronic products and demanded higher prices for electronic products. And Soros, who was far away in the United States, was very happy when he heard the news. He smiled and praised in a reporter interview: "Haha...Mr. Henry Williams did a good job, I support Williams Electronics to continue Lower, ignore Japan and South Korea!"

Soros said some sarcastic words, which immediately caused Japan and South Korea to grit their teeth in hatred for him. However, Soros doesn't care. He has blatantly attacked the currencies of various countries and used them as ATMs, but what can they do? Dare to send someone to America to kill him?

Soros has completely become a notorious "capital predator", and Warren Buffett is far worse than him.

If Buffett is bullish on a stock, the price of that stock may rise. And which country Soros looked at, as long as there was a little bit of wind, the entire country's stock market plummeted immediately!

"Japan and South Korea say that if they want to raise prices, Williams Electronics will raise prices, which is a shame. What's more, my brother is here to attack you! The more serious the Asian financial crisis, the more I will make! "Henry laughed heartily. Although the price reduction of electronic products has lost some of the profits of Williams Electronics, Henry can make up for it in Asian countries. At the same time, it also hit the opponent and expanded the market share of Williams Electronics. Why not do it?

Therefore, Japan and South Korea, if you scold you, I will lower the price, why?

At present, in response to the financial crisis, Samsung has not only laid off employees, but also greatly reduced the wages of employees. What is most important to the company? Talent. Therefore, Henry pulled his salary from the bottom of the pot, Samsung's salary was reduced by 10%, and Henry's side offered 110% of the salary to poach people!

For a time, Samsung's senior talents left one after another.

Samsung Chairman Li Jianxi frowned and paced back and forth in the office, but he couldn't think of a good solution.

Water flows to lower place, man goes to higher position. I was willing to come to Samsung because of its promising future and high salary. But now, Samsung is in danger of going bankrupt, and of course it has to change jobs.

What's more, Samsung is furiously laying off staff, and it may lay off itself one day. Why not just jump ship to the world's richest man Henry Williams? There are not only high pay, but also more development prospects.

Frequent layoffs and job-hopping have caused panic inside Samsung.

In order to stabilize people's hearts, Li Jianxi vomited bitterness at the staff meeting and pretended to be pitiful: "Samsung is in a precarious situation. Henry Williams not only hit Samsung on the price of electronic products, but now he is digging again. The talents of our Samsung company! Samsung company is everyone's company, and at this time of crisis, we must unite as one to overcome the difficulties together..." It took more than an hour to end after speaking eloquently.

Samsung is shy, so it can only rely on emotional cards to retain talents.

However, most people still look to the money. Perhaps Samsung's local Korean employees may have a little affection for the company, but Samsung has many international employees who may not necessarily have deep affection for Samsung. Samsung launched the "7.4 system" working hours, and employees are complaining. Just imagine, go to work at 7 in the morning and leave at 4 in the evening, this must not drive people crazy? Many employees usually have to get up at four o'clock, then wash up, eat breakfast, and take a car to the company for about an hour. If they don't rest well at night, they will be sleepy during the day.

Many of Samsung's employees are senior intellectuals and white-collar workers, so it's all right? Many people can't bear it anymore, thinking to themselves, I've never seen other companies do this, and you are the only one who has made a "7.4 system"! The salary is high, I accept it, but the salary has been greatly reduced, and I can't bear it for doing this!

The employees are angry and unbalanced, so they change jobs!

In fact, Samsung's "7.4 system" began to be partially abolished in the second half of 1988 in its previous life, and was completely abolished within the entire group in 2002. Business hours are back to normal, 8:30am to 5pm.

Seeing that Henry poached people too fiercely, Li Jianxi asked the South Korean government to order a ban on Henry poaching talents against Samsung.

Henry said: "I am not targeting a Samsung company, all companies in South Korea, I am digging!!!"

In addition to poaching talents from Samsung, Henry has not spared Daewoo Group, LG Group, SK Group, Hyundai Motor... As long as they are talents, they can be used. Henry's industry involves all walks of life, and there is no shortage of everything, except for talents! A small South Korea can't satisfy Henry's appetite at all. Look at other Japanese companies, because they have been dug up for a long time, they have become commonplace, unlike Samsung who went to the government to sue, which is despised. So, it's good to get used to being dug, and you won't be called again when you get used to it...

(To be continued ~^~)