Extraordinary Genius - Chapter 605
Chapter 605 – Partnership with Quanjude (Part 2 of 2)
On the one hand, it was the responsibility towards Quanjude,the other was a great political credit. Deputy Mayor Liu was in a dilemma. Ifthe partnership was a success under him and Quanjude becomes Asia’s number oneF&B company, he will gain significant benefits.
He was now the Deputy Mayor. Although it was impossible forhim to replace the Mayor, he might be promoted and deployed to some province tothe be governor there. Or, he might be promoted to be the City’s Deputy PartySecretary. No matter what, he will definitely be promoted if this partnershipgoes through.
Which government employee does not want to be promoted?Every Civil servant, especial those officers had a blueprint in their heart.All of them wants to higher authority and power.
But it was not easy to be promoted. The country’s economywas now doing well, and if one does now have economic results, it was hard tobe promoted. But if one made a significant contribution to the economy, he wassure to be promoted!
Feng Yu does not like corrupted officials who were hungryfor money. But towards the officials who were desperate for promotions, he wasfine. If an official does not want to be promoted, does not want to do theirwork and just want to read newspapers in their office, they were worse thanthose corrupted officials.
Feng Yu and Fu Guangzheng decided to entice Deputy Mayor Liuwith this political credit.
“Mayor Liu, we are thinking of bringing Quanjude out ofChina. We want to bring Chinese cuisine to every part of the world and earnthose foreigners’ money. Once the partnership is formed, it can be done immediately.”Fu Guangzheng continued.
“But there are so many companies in this partnership and somany restaurants. Quanjude will suddenly become tens of restaurants. We willnot have enough roast duck chefs.” Deputy Mayor Liu said.
Feng Yu smiled: “Mayor Liu, Bianyifang is also one of theCity’s enterprise? There are lots of chefs there. If Quanjude could train them,they could master the skills within a month. Beijing also has lots of otherroast duck restaurants. We can poach their chefs and roast ducks for Quanjude.”
“How can you do that?” Quanjude roast ducks are differentfrom the rest of the restaurants!” Deputy Mayor Liu replied firmly.
“Mayor Liu, people from different regions have differenttaste buds. Some places preferred sweet and some preferred spicy. Since regionhave different taste, what’s wrong if the taste of our ducks differs indifferent areas? We just need to make sure our ducks taste good, and thecustomers like it.”
“But will the customers feel that we are cheating them?”
“Of course not!”
In Feng Yu previous life, the ducks served in Quanjude’srestaurant in the US was slightly different from Beijing. But the restaurantwas still popular among the locals. It was just like Sichuan cuisine sold inZhejiang. It was not as spicy as the original.
No matter how excellent Chinese cuisine was, the recipe willbe changed to suit the local consumers. The US Chinese restaurant bought by FuGuangzheng was the same too. He told Feng Yu that the food served in the restaurantcannot even be considered Chinese cuisine, but it was still very popular in NewYork.
Deputy Mayor Liu was hesitating. But he really wanted to bepromoted.
He reported this to the Mayor, and when the Mayor questionshim, he used what Feng Yu and Fu Guangzheng said to reply to him.
In the end, this partnership was approved after a meeting.But there was a condition. The Chairman of the new Quanjude must be someonefrom the City Government!
The City had wanted to let a “senior and experienced” to bethe Chairman and General Manager of the company, but Feng Yu rejected.
It is either you be the Chairman or the General Manager. Youcan’t be holding on to both positions!
Feng Yu wanted Jiang Xianjun to be in power. In Feng Yu’sprevious life, Jiang Xianjun had managed Quanjude and its brand well.
Also, Jiang Xianjun was open to new ideas and had his ownunique style of managing the company. Feng Yu will feel assure if Jiang Xianjunwas leading the company. Jiang Xianjun’s reputation in the company was outstanding.He was close to everyone and does not have airs.
Fu Guangzheng also feels the same way after chatting withJiang Xianjun. That old man was too conservative. If he becomes the Chairmanand General Manager, he will slow down the company’s developments.
Jiang Xianjun had also contributed in forming thispartnership, and Feng Yu wanted to reward him with some shares. The position ofChairman can be given away to the City Government, but Jiang Xianjun must bethe General Manager.
Feng Yu was very firm in his demands. So, Deputy Mayor Liuwent to speak to Jiang Xianjun. He wants to find out why Jiang Xianjun, as astate-owned enterprise’s employee, sided with Feng Yu.
Deputy Mayor Liu found out from Jiang Xianjun that Feng Yuhad promised him the position of General Manager and if he quit his position inthe State-owned enterprise, he will give him shares of the company. JiangXianjun also feels that Feng Yu was a man of his words.
He told Deputy Mayor what he was thinking and said to himthat even if he resigned from the State-owned enterprise, he will still beloyal to the Party and will still someone from Beijing. He will never forgetthe guidance given to him by the City Government. He will protect and manageQuanjude well.
Jiang Xianjun also told Deputy Mayor Liu about his plans forQuanjude, and he proved himself to be better than that old leader to manageQuanjude!
Deputy Mayor Liu contacted the other 2 F&B companies.The F&B companies had thought that they had no more chance to form aninvest in Quanjude. They never expect the City Government to contact them.
Quanjude’s condition was reasonable. After Quanjude Groupwas formed, the headquarters will be Beijing, and the City Government willassign the Group’s Chairman. The rest of the positions will be decided by allthe shareholders.
When the companies knew that a Hong Kong Company will beinvesting in this venture and will be speeding up the group’s expansion, theyagreed. Anyway, they can also be the Deputy Chairman. They will also have somesay in the company and will earn more money after the group was formed.
Now, everybody was on the same page, and the rest of thedetails were quickly finalized.
4 parties came together to form Quanjude Group. Beijing CityGovernment, Sichuan City Government, Feng Yu, Fu Guangzheng, the group ofbusinessmen from Zhejiang, the group of businessmen from Sichuan and JiangXianjun became the company’s shareholders. Feng Yu, Fu Guangzheng, JiangXianjun, and a few others formed the board of directors, and the old man fromBeijing City Government became the first Chairman of the Group, and JiangXianjun was the General Manager.
Quanjude Group total value was now 1.72 billion RMB. BeijingCity Government owns 16.3%, Feng Yu owns, 15.8%, Fu Guangzheng owns 10%,Sichuan Government owns 8.2%…… Jiang Xianjun was given 0.8%, and the restof the restaurant manager were given 0.05% each. Feng Yu was the mostsignificant individual shareholder, and the Beijing City Government was thenext key shareholder.
Beijing City Government was relieved to know that no twoshareholders can combine to have the controlling share of the company. Theybelieved that Quanjude will never be fully privatized!
Thus, Quanjude Group started its operations, and one monthlater, all of Quanjude restaurants started selling their specialty roast ducks.The specialty dishes from each restaurant were also available in otherrestaurants. A powerful restaurant chain was formed…….
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