Chapter 399

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

In fact, Samsung is lucky. Since 1996, Samsung has implemented the innovation program of operation system, with the concept of self-discipline operation, efficient operation and simple operation as its core content, which 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 doesn't press it, Samsung will turn over in 1999. In 2000, it even reduced the debt ratio from 300% to 85%. For a group company with hundreds of billions of dollars, the change of debt ratio is so great, which shows the severity of Samsung!

The core asset of SamSung group is Samsung Electronics.

Therefore, to crack down on Samsung Electronics is the biggest blow to SamSung group.

Henry immediately ordered Williams electronics company to reduce the price of hard disk, memory, LCD and other electronic products, killing Samsung!

Henry's move actually killed two birds with one stone. While cracking down on Samsung and other South Korean companies, Japanese companies have also suffered a disaster. The electronic industry is also one of the pillar industries in Japan. Originally, Japan was affected by the Asian financial crisis, so the domestic economic situation is very severe. Now, Henry's price reduction of Williams electronics company's products not only robs users, but also greatly reduces the profit margin of electronic products. How can other electronics companies feel embarrassed? Most of all, Japan and South Korea are suffering from the Asian financial crisis, which is like throwing 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 strongly denounced the price reduction of electronic products of Williams electronics company and demanded to increase the price of electronic products. Soros, who was far away in the United States, was very happy when he heard the news. He said in a reporter interview with a smile: "ha ha... Mr. Henry Williams has done a good job. I support Williams electronics company to continue to reduce the price, regardless of Japan and South Korea!"

Soros made some sarcastic remarks, which immediately made Japan and South Korea gnash their teeth at him. But Soros doesn't care. He openly attacked the currencies of various countries and regarded them as cash machines, but what could they do? How dare you send someone to America to kill him?

Soros has completely become the infamous "capital tycoon". Compared with him, the stock god Warren Buffett is far behind.

Buffett is optimistic about a stock, the stock's price may rise. And Soros's eyes to see which country, as long as a little wind, the whole country's stock market plummeted immediately!

"When Japan and South Korea say that they want to raise the price, Williams Electronics will raise the price. How shameful it is. What's more, my brother is here to attack you! The more serious the Asian financial crisis is, the more I will earn! " Henry laughed heartily. Although the price reduction of electronic products has lost part of Williams' profits, 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?

Therefore, Japan and South Korea, you scold you, I cut prices, how?

At present, in order to cope with the financial crisis, Samsung not only laid off employees, but also greatly reduced the wages of employees. What is the most important thing for a company? Talent. So, Henry cut his salary from the bottom, Samsung's salary reduced by 10%, Henry offered 110% salary to dig people!

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

Samsung chairman Li Jianxi frowned and walked up and down the office, but he couldn't think of any good way.

People go up, water flows down. I was willing to come to Samsung because Samsung had a bright future and high salary. But now, Samsung is in danger of bankruptcy. Of course, it has to change jobs.

What's more, Samsung is laying off employees in a frenzied way, which means that it may lay off itself one day. Why not just switch to Henry Williams, the world's richest man? There is not only high treatment, but also more development prospects.

Frequent layoffs and job hopping have caused panic within Samsung.

In order to stabilize people's hearts, Li Jianxi vomited bitterness at the staff meeting, pretended to be pitiful and said: "Samsung is in a precarious situation. Henry Williams not only beat Samsung on the price of electronic products, but also started to recruit talents from Samsung! Samsung is everyone's company. At this time of crisis, we should unite as one and tide over the difficulties together... "It took more than an hour to finish.

Samsung is so shy that it can only keep talents by playing emotional cards.

Most people, however, look to money. Maybe the Korean local employees of Samsung may have some feelings for the company, but there are many international employees in Samsung, but they may not have deep feelings for Samsung. Samsung launched the "7.4 system" working hours, and employees complained. Imagine going to work at 7 a.m. and leaving work at 4 p.m. to drive people crazy? Many employees usually have to get up at more than four o'clock, then wash, eat breakfast, and take a bus to the company for about an hour. If they don't have a good rest at night, they will be sleepy to death during the day.

Many of Samsung's employees are senior intellectuals and white-collar workers. How about this? A lot of people can't bear it. They think that they haven't seen other companies do it like this. Samsung is the only one to make a "7.4 system"! If the salary is high, I'll accept it. But the salary has been greatly reduced. I can't bear to do this!

Employees are angry and unbalanced, so they change jobs!

In fact, Samsung's "7.4 system" was partially abolished in the second half of 1988, and completely abolished within the whole group in 2002. Working hours return to normal, from 8:30 a.m. to 5:00 p.m.

Seeing that Henry was digging too hard, Lee asked the South Korean government to ban Henry from digging talent for Samsung.

Henry said: "I'm not aiming at Samsung. I'm digging for all companies in Korea!"

In addition to the talent of Samsung, Henry has not spared Daewoo Group, LG Group, SK group, Hyundai Motor... As long as it is talent, it can be used. Henry's industry involves all walks of life. There is no shortage of anything but talents! A small South Korea can't satisfy Henry's appetite at all. Look at other Japanese companies. Because they have been poached for a long time, they have become commonplace. Unlike Samsung, they go to the government to complain. It's contemptible. So, if you get used to digging, you won't call again