Yu Minhong's mother, Li Bamei, was born in 1932 and gave birth to her only son, Yu Minhong, at the age of 30.
Li Bamei is capable, strong, tenacious and kind, she lost her father at the age of half, followed her mother to spin at the age of 7, learned tailoring with her brother at the age of 14, and later became a female celebrity in Jiangsu Textile Factory, and returned to her hometown to farm due to famine in 1960, and was elected as the captain of the production team.
Li Ba is not very literate, but he requires his two children to read well. At that time, only one child per family was allowed to go to high school, and the eldest daughter went to high school first, and the son Yu Minhong had no place. A few months after the start of school, Li Bamei heard that a girl had dropped out of high school, so she went to the secretary of the commune that night to let Yu Minhong substitute for Yu Minhong in high school.
In 1978, Yu Minhong failed the college entrance examination for the first time. Li Bamei asked Yu Minhong to go to the commune middle school as a substitute teacher, teaching and self-studying, and the next year he took the exam again, and he also returned with a feather.
Yu Minhong was very frustrated by the two failures in the college entrance examination, and Li Bamei encouraged him to take the exam again. At that time, Jiangyin County held a cram school for the college entrance examination, which only accepted children from the city. Li Bamei trusted the relationship everywhere and promised to be a nanny for the teacher's family, so she helped Yu Minhong register for the name. On the way home, it rained heavily, and she fell and her face was covered in mud.
As soon as she entered the house, Li Bamei excitedly said to Yu Minhong: "Report your name, report your name." Yu Minhong looked at his mother, whose face was covered with muddy water, squatted on the ground and cried. He knew he had to go to college.
Li Bamei hopes that Yu Minhong can be admitted to Changshu Normal College and become a gentleman after graduation.
Yu Minhong met Zhou Chenggang, who also failed twice in the county high school resumption class, and in the 1980 college entrance examination, they were both admitted to the university. Yu Minhong scored 93 in English this time5 points, admitted to the Department of Western Languages of Peking University. Zhou Chenggang was admitted to Soochow University. Zhou Chenggang was invited to join New Oriental in 2000 and has been a loyal supporter of Yu Minhong ever since.
After receiving the admission notice from Peking University, Li Bamei cried with joy, killing pigs and chickens and holding a banquet to celebrate. From Yu Minhong's primary school to Peking University, Li Bamei, the production captain, raised a total of 136 pigs and thousands of chickens and ducks for her two children to go to school.
In 1982, Yu Minhong, who was in his second year of college, contracted tuberculosis and took a year off from school at home, feeling very bad. Li Bamei went to the field to do farm work every day, and she was so tired that her face and hair were covered with sweat. Li Bamei said: There is a lot of rain this year, and the harvest will be better than in previous years, and your father and I will save for you next year's tuition and living expenses.
Yu Minhong bit his lip and cried, he decided to cheer up, get up early every day to run, and conduct ** training. In 1983, Yu Minhong returned to Peking University to study.
In 1985, Yu Minhong stayed on to teach after graduating from university, and married his girlfriend Yang Guiqing, who was assigned to work at *** college, the following year. In order to save tuition fees for studying abroad, Yu Minhong has been teaching at off-campus training institutions since 1988, with a class of 30 yuan.
In 1990, Yu Minhong, who had been teaching for two years, did not save enough money to study abroad, but waited for the punishment notice from Peking University.
At that time, Li Bamei, who was born as a production captain, was in full swing leading the villagers to raise pigs to get rich, and the money earned from raising pigs opened a small factory to do some simple processing work. In order to make money, Li Bamei, the director of the factory, was very busy.
After learning the news that Yu Minhong was punished by Peking University, Li Bamei asked the reason and said calmly: Since substitute teaching is so profitable, why not open a training class by yourself?
In 1991, with the support of Li Bamei, Yu Minhong resigned from Peking University and concentrated on starting classes to make money. At that time, it was difficult to apply for a school license, so he was affiliated with the name of Dongfang University, which was run by a group of old professors, and set up the foreign language training department of Dongfang University.
Yu Minhong rented a bungalow deep in the alley of Zhongguancun No. 2 Primary School in Haidian District, and went out with a paste bucket to post advertisements in the morning and evening, and waited for students to sign up in the small bungalow in the afternoon. There are two telephone poles at the entrance of the bungalow, which became Yu Minhong's natural admissions information release board, which was later called the dragon vein of New Oriental.
In less than a week, before the first class started, Yu Minhong received more than 2,000 yuan in tuition, which is equivalent to the salary of teaching at Peking University for two years. This strengthened his choice to start his own business.
At the end of that year, Li Bamei's husband died of a cerebral hemorrhage due to his love of alcohol. After Li Bamei finished cooking, she ended the small factory she ran in her hometown, moved to a rented house in Beijing, and lived with Yu Minhong's family of three, taking care of her granddaughter while arranging logistics in Yu Minhong's English training class.
The strong Li Bamei couldn't get used to the old professors of Dongfang University, and when she took away most of the profits of the training department, she still shouted at Yu Minhong, trained people with a straight face at every turn, and from time to time taught Yu Minhong to be sensible and discerning.
It can be seen that the disgusting middle-aged people who come and go with their fathers scolded by Luo Yonghao are not only faced by himself, but even Yu Minhong, who was ridiculed by him, also had to break out of the suppression of "disgusting middle-aged people" when he was young.
Li Bamei, who was born as a production captain and director of a township enterprise, was not used to them, she took out the strength to run high and repeat classes for Yu Minhong, looked for people everywhere, and finally got the business license of Beijing New Oriental English Training School on November 16, 1993.
Li Bamei invested all the 30,000 yuan she had saved so hard into New Oriental, and called her daughter and son-in-law from her hometown to come over to help. Li Bamei manages logistics, cleans, and does all kinds of work in the school, so that Yu Minhong has no worries about enrollment and teaching.
The family started from that small bungalow, and gradually gained a firm foothold in the fierce competition.
By 1995, New Oriental's business was gradually booming, and there were long queues of students who signed up. Yu Minhong rented the auditorium of a unit to accommodate the endless stream of students.
Uncle Qian had several good friends who played back then, and he did not hesitate to spend 5,000 yuan to go to Beijing to sign up for New Oriental's TOEFL class, and soon they all got high scores as they wished and got scholarships to study abroad.
However, Yu Minhong thought further, and he was determined to use the most money to hire the smartest people to be the best teachers, so as to expand the reputation and popularity of New Oriental.
In 1995, he went to North America, visited his classmates in North America one by one, and persuaded them to return to China and start a business with him. In the end, his class leader Wang Qiang and counselor teacher Xu Xiaoping were moved and returned to Beijing to make money with him.
In 1996, Yu Minhong offered extremely favorable conditions to persuade Du Zihua, the owner of the ideal training school, to join New Oriental with the whole stall.
In 1998, Yu Minhong invited Professor Hu Min to join New Oriental in the same way, responsible for the training of CET-4 and CET-6 exams.
With a broad mind, Yu Minhong recruited a group of the best English teachers at that time, and quickly expanded New Oriental.
The cooperation method he prescribed is very powerful, so that these capable people are responsible for teaching, and only pay 15% of the tuition income to New Oriental, eliminating the cumbersome rent, water and electricity logistics services.
And it is Li Bamei who bears these burdens, with her daughter, son-in-law and relatives in her hometown.
This loose federal management structure was uneventful until around 2000, when internal internal strife began because of the loss of business. The overseas business is gradually shrinking, while the market demand for examination training in colleges and universities is growing rapidly, and all the princes in other business sectors are crowding over to get a piece of the pie.
The princes got together to discuss and decided to reorganize the school, establish New Oriental Education and Technology Company, and develop the whole country under the modern enterprise system, making it bigger and stronger.
The Chinese partner and Li Bamei had a disagreement here. As the founder, Li Bamei deservedly served as the director of the company, and her strong style made the elite returnees very uncomfortable. The two sides quarreled constantly, and Yu Minhong was caught in the middle.
Li Bamei will not easily admit defeat, and she asks for her son-in-law to be added to the board of directors to counter the elite returnees who make up the majority of the board.
In 2002, Xu Xiaoping, Wang Qiang and other partners withdrew from the co-president system on the board of directors, and all princes took turns to serve as presidents, and Yu Minhong was left in power. They demanded that Yu Minhong retire his family, and Li Bamei, as the founder, fiercely opposed it.
Li Bamei usually smokes and can't quit at all. Xu Xiaoping, Wang Qiang and others forcibly passed measures, and the company meeting implemented a ban on smoking, so as to force Li Bamei to leave.
Li Bamei took a kitchen knife and rushed into the conference room, looking for Xu Xiaoping and Wang Qiang desperately. She shouted loudly: ".This company belongs to my son, my son is mine, this company is funded by me, why should we leave?If you want to leave, you will leave!
Although he was stopped by the employees and did not cause serious consequences, Xu Xiaoping, who was born as an intellectual, was also frightened, and never mentioned the dismissal of Li Bamei as a director, and did not dare to persecute Yu Minhong too hard.
Shortly thereafter, Yu Minhong's brother-in-law voluntarily resigned from New Oriental, and the two worked together to persuade Li Bamei to stay away from the executive dispute. For the sake of her son and son-in-law, Li Bamei moved from the company's headquarters to the accommodation department in the suburbs and served as the director of the accommodation department and the director of the canteen.
The story of "Iron Rooster and Sycophant" told by Luo Yonghao happened during this period.
Li Bamei saw that the country that she and her son and daughter had single-handedly conquered, and was overtaken by a group of guys who came back from abroad, and they were mainly anti-guest, and even wanted to occupy it, so she held her breath in her heart.
Because of her son's dilemma, she had to take refuge in the suburbs, and she had nowhere to talk in her heart. At this time, there was a sycophant teacher who came to talk to him every day, knowing that he had other plans, and he was reluctant to comfort him, and finally recognized his godson.
To be fair, it was when Yu Minhong's power was falling and he was in the wilderness, he had the name of the boss, and he didn't have much real power, but he went to the classroom every day with textbooks, and drank and bragged with the teachers at night, without the slightest boss shelf. This is the story of "Iron Rooster and Sycophant" that Luo Yonghao saw.
Another incident that became widely circulated occurred in 2004. At that time, the management of New Oriental changed the president like a marquee for two years, and no one could handle it, and no one could do it for long, so in the end, Yu Minhong, who had been in the field for 2 years, was invited to come back to take charge.
After Yu Minhong became president, he neither mediated shareholder conflicts nor paid attention to internal management, but devoted himself to preparing for overseas listing. But the contradiction came out again, how to divide the shares?The partners all felt that they had worked hard and deserved more. Even if Yu Minhong repeatedly made concessions on his shares, he still couldn't settle the account, and the board of directors quarreled endlessly every time.
One day, when the board meeting was arguing over shares, Li Bamei took a chair and sat at the door of the conference room and shouted and cursed, which was very ugly. Xu Xiaoping, Wang Qiang and others looked at Yu Minhong with reproachful eyes, hoping that he would be able to persuade his mother to leave once.
After a while, Yu Minhong pursed his lips and stood up, opened the door of the conference room, knelt on the ground, and shouted angrily: Mom!
According to Xu Xiaoping, Wang Qiang and others recalled afterwards: At that moment, they completely understood that it was they who should leave.
In 2006, New Oriental was listed on the New York Stock Exchange. Xu Xiaoping, Wang Qiang, Du Zihua and others have resigned and withdrawn from the board of directors, cashing out billions of dollars and then setting up their own doors, each of which has its own development.
New Oriental has formed a stable power structure with Yu Minhong as the core, Chen Xiangdong, Sha Yunlong, and Zhou Chenggang as the "rear troika" as the assistants, and ushered in the extensive development of horse racing.
In 2009, 77-year-old Li Bamei completely withdrew from all affairs of New Oriental. After retiring, Li Bamei continued to run her store and also made a fortune of tens of millions.
In 2017, Li Bamei suffered from Alzheimer's disease and lived a life of never getting angry, giving what to eat, and letting sit and sleep casually. Yu Minhong said: This state of selflessness and desirelessness is the true peace that the Buddha gave to the old lady in her lifetime, and it is a kind of reward for the old lady's hard work in the past so many years.
In January 2021, Li Bamei passed away at the age of 90.
At his mother's memorial service, Yu Minhong read a long eulogy. The simple and sincere words have touched thousands of ordinary people.
A careful inventory of Li Bamei's life has underlying significance for understanding the New Oriental card game and Yu Minhong's character.
Yu Minhong has both his father's generous and forbearant character traits, as well as his mother's perseverance and never-say-die spirit. Keeping the stall of New Oriental is the common wish of both generations of mother and son.
No matter how difficult it is, no matter how many unknowable challenges lie ahead, Yu Minhong will never give up on New Oriental. He will definitely work until he is 80 years old, just like his mother, and will always guard New Oriental.
Today, New Oriental is facing unprecedented internal and external troubles. Dong Yuhui, Sun Dongxu, Luo Yonghao, Chen Xiangdong ......Sooner or later, they will understand like Xu Xiaoping and Wang Qiang: Lao Yu will never give up on New Oriental.
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