1994: From a young man from a small town to a second-generation resident of Shanghai
Chapter 51 Paying Wages in Advance: I Became a Great Philanthropist
The deal that Chen Yong and Zheng Chenggong agreed on in October was delayed until the end of 1994, and the transfer agreement was not signed until the end of December.
Zheng Chenggong also wanted to see if the government would release some favorable news at the end of the year to increase the value of his business and help him recoup some of his losses.
Unfortunately, we didn't receive any news.
His family is urging him to quickly establish an electronics business in mainland China, invest in electronics factories, and get things under control as soon as possible to avoid being caught off guard later.
For this reason, Zheng Chenggong agreed to sign the transfer agreement with Chen Yong two months later.
The project that had dragged him down for two years was finally over.
"Brother Chen, I wish you success!"
"Thank you, Brother Zheng. I will succeed."
Chen Yong accepted Zheng Chenggong's property development without spending a single penny.
Right after the contract was signed, a group of migrant workers blocked the area below the building.
When they saw Zheng Chenggong come out, they surrounded him. These people were all dirty, their eyes were full of hatred, and some of them were holding steel pipes.
"Zheng Chenggong, you son of a bitch, pay up!"
"Give me back my hard-earned money! It's been two years, and I haven't received a single penny!"
"Brothers, we're not letting Zheng Chenggong leave until he gets paid!"
Zheng Chenggong had seen many troublemakers and always managed to fool them, but today he didn't need to fool them anymore.
Because someone will be coming to take over soon!
Haha! Awesome!
"It's no use coming to me. I've already transferred all the main responsibility to Dongxing Happiness Company! If you want money, go find their general manager."
"Zheng Chenggong, you're still trying to fool us! You've been lying to us for two years! The New Year is almost here, and if we don't have money, nobody's going to celebrate! I'll kill you first, then I'll kill myself!" One of the guys had completely lost faith in Zheng Chenggong. He had trusted him for two years, and this time it was either pay up or they'd all die together!
"Brother, don't get agitated. I'm not lying to you this time. The man next to me is the one who will be paying your salaries from now on."
In fact, Zheng Chenggong was really incompetent; he actually hired a construction team instead of a contractor.
That way, even if someone wants money, they won't be able to find him.
Chen Yong was prepared, as he already knew that Zheng Chenggong owed these hundreds of workers, with each person's wages amounting to approximately five thousand yuan.
Two or three years' worth of salary!
It would be strange if these people didn't cause trouble.
The salary expenses alone amount to several million, and there are also several million in outstanding bank loans.
The bank just wants to get its principal back.
We'll waive the interest.
When I asked Chen Yong for ten million, I wasn't really asking for an exorbitant amount.
If we really manage to get these two things done, we'll definitely need to earn over ten million.
"Everyone, please calm down. Send a representative to talk to me. Don't all talk at once. How can I possibly argue with so many of you?"
The crowd was noisy, and eventually a foreman was chosen. His name was Yan Qiang, he was in his forties and had been working outside for more than ten years.
"Where are you from, bro?"
"Sichuanese".
"Many people from Sichuan go out to work."
"Boss Chen, we only have one request: now that you've taken over, shouldn't we be paid in full?"
"The Lunar New Year is just over a month away, and we'll have a lot of expenses. Let's take it slow. We'll give you some money now so you can have a good holiday, and then we'll pay you back in installments next year. Is that alright?"
Yan Qiang was so moved he almost cried. This new boss was much better than that damned Zheng Chenggong from before!
It's been three years, and we haven't given them a single penny!
"There are 565 workers in total. We need to pay them at least 1000 yuan, otherwise they won't agree."
"A thousand yuan is a bit too much! How about five hundred?"
This time, he paid the money out of his own pocket. Although his previous company had earned him several million, he now had five million in cash flow.
But if each person pays 1,000 yuan, then we'll have to advance 560,000 yuan.
He will pay for it himself and won't take out a bank loan.
At this time, in order to cool down the market economy, the interest rate for six-month loans was set at 10%, and the longer the loan term, the higher the interest rate.
At the same time, the deposit interest rates are also high, with fixed deposits yielding more than 10% per year.
However, in an era of high deposit interest rates, depositing money is the worst investment option.
When deposit interest rates are low, saving money is the safest option.
In the early days, those who had unconventional thinking were generally able to become wealthy.
The more disobedient you are, the more you deserve to get rich.
After negotiations with the workers' representatives concluded, Chen Yong gave each worker 800 yuan at the end of the year so they could have a good Spring Festival.
The remaining wages will be paid in installments.
First, stabilize the workers' situation. Once Chen Yong finds capital to take over, the debt can be transferred at the same time.
Once the news is released, and there are plans to build subways, schools, hospitals, and other supporting facilities nearby, the stock price will definitely skyrocket, easily multiplying several times over.
This is a business that won't lose money.
After dealing with the first problem, Chen Yong returned to school.
Because it's close to the end of the semester, and the university final exams are in mid-January.
It's almost the end of December, there are only a few days left.
There is also a New Year's Day holiday in between.
The college is going to put on a New Year's Eve party.
Zhang Xiting finally managed to find him. "Class monitor, you've been so hard to find lately! You're not acting like a student at all!"
"Secretary of the Youth League Committee, don't rush to scold me. Wait until you've finished explaining what happened before you start scolding me."
Chen Yong knew that Zhang Xiting would definitely have a lot of complaints when she saw him; her eyes were full of resentment.
Chen Yong really loves being a hands-off manager. She takes care of everything; who's the class monitor anyway?!
Chen Yong, the class monitor, was quite responsible during the first month of school, but after that, he disappeared from sight.
"We need to perform at the college's New Year's Eve party. The department just wants us to bring up our last performance and do it again. Also, we need to submit more individual performances. I want to sing, does the class monitor agree?"
"If you want to sing, just sing. Why do you need my permission?"
Zhang Xiting suddenly became somewhat reserved, "I mean, I want to sing the song you sang on the National Day stage."
"Singing my song is fine too."
Chen Yong is very generous; he only has one song, yet it's still widely sung, which is quite an honor.
"I need the lyrics and melody of your song," Zhang Xiting further requested.
Chen Yong stared at her, his gaze making Zhang Xiting flinch. "Well, we'll have to talk in private. I have some original recordings at home; would you like to listen to them?"
"Let's do it this weekend."
Zhang Xiting made plans with Chen Yong to go to his house to listen to records on the weekend.
Not long after Zhang Xiting left, Ye Linghuan also came looking for him.
It's the same thing again: "Class monitor, I want to sing your song at the New Year's Eve party, can you help me?"
"You're going to sing my song too? Someone's already booked it; we can't both perform the same thing, can we?"
"Who is it?" Ye Linghuan hadn't expected anyone to try and steal her performance. Didn't they know how close she was to the class monitor? "Let's see who dares to compete with me!"
"He's the Youth League branch secretary."
"Hmph! I knew it, it had to be her. Besides, she's the one who, because of her position as the class monitor, makes it hard for you to refuse. I'll go talk to her! I'll make her give up voluntarily!"
Ye Linghuan was actually planning to go find Zhang Xiting. If that were the case, the two of them would definitely start fighting in private.
"Don't cause trouble for the class monitor. I don't want to see you two hurt each other's feelings. I think you two should sing a duet instead."
"No way, I don't want to sing with her! That kind of rich girl from the bureaucratic class, just because she has an official father, she became our class's Youth League secretary, and she thinks she's all that."
The two girls had the biggest conflict in the class.
Even if Chen Yong wanted to mediate, he couldn't find a good solution.
After all, the problem lies with him.
"Zhang Xiting said she's coming to my house this Sunday to listen to records, do you want to come?"
"Huh? She's going to the class monitor's house to listen to records? How shameless! I'm definitely going!"
Coincidentally, on the last Sunday of December, Chen Yong and Chen Fang's duet "1994" premiered on major music radio stations.
At that time, radio was the main platform for music promotion. The first wave was radio, the second wave was television and magazines, and the third wave was offline public broadcasting.
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