In the past two days, Country Garden dropped another depth charge: late at night on December 12, Country Garden issued an announcement announcing that several executives had cut their salaries. The remuneration of executive directors Yang Huiyan, Mo Bin, Yang Ziying and non-executive director Chen Chong has been adjusted to 120,000 yuan per year, which translates to a monthly salary of 10,000 yuan. 
Among them, the largest salary cut is President Mo Bin, whose annual salary was 3 million yuan before the adjustment, and the reduction is as high as 96%. Before contacting, Mo Bin had won 1. in 2021With a total salary of 9.2 billion yuan, he is known as the "Emperor of Workers". In just 2 years, Mo Bin has gone from a "working emperor" with an annual salary of nearly 200 million yuan to a grassroots employee with a monthly salary of 10,000 yuan. It seems that Country Garden has shown "sincerity" to save itself. But is that really the case?I always feel that something is wrong!This kind of pay cut is more like showing people. First of all, the income of these 4 bigwigs does not depend on their salaries at all. 
From the perspective of Country Garden's shareholding structure, Yang Huiyan holds 145 shares4 billion shares, accounting for 5248%, which is the absolute majority shareholder. Yang Ziying is Yang Huiyan's sister, and Chen Chong is Yang Huiyan's husband. The three hold more than 70% of Country Garden's shares. Coupled with Country Garden services and Country Garden, even if the company is in crisis now, there are still tens of billions of net worth. In order to lock in the property from being infringed, he even gave 20% of the shares of billions of Country Garden Services to his family's ** club. In this way, even if Country Garden is completely liquidated, these billions of shares still belong to charity** and can be preserved. They had already thought of a way out. Mo Bin, although he is a professional manager, also holds 86.59 million shares of the company, and in 2021, the dividend will exceed 100 million yuan. If the salary is not paid, it really has no effect on them. The high-profile collective salary cut of these 4 bigwigs looks more like a showThe management will play a big game of chess for the employees together, so as to pave the way for the salary cut in the future. The company and its employees may not be able to "share the same wealth", but "share the weal and woe" is a must. In December, at the end of the year and the beginning of the year, all departments and branches will make a year-end summary for 2023 and a work plan for 2024. 
Previously, it was rumored that Country Garden was going to lay off 50% of its staff. Now that the company's executives are taking the lead in cutting salaries, what do you think will happen to the newly integrated regional presidents, branches and departments?Of course, I Xi tried to learn from these executives as much as possible, and I took the lead in cutting salaries and the department taking the lead in laying off employees. Anyone who has ever been a professional manager knows that this is the advice your boss gives you. The boss has cut his salary by nearly 90%, so think about how much you want to reduce yourself by the regional presidents. At the same time, how much should the number of employees in each region be reduced? Roughly guessed, it is the lowest cut, which is also an 80% salary cut for executives and a 50% salary cut for ordinary employees. This trick is also ruthless, let everyone prepare by themselves. If you are not convinced, of course you can, and leave by yourself. Country Garden just wants everyone to go by themselves. Isn't this the so-called "immortals fight, mortals suffer": Country Garden's depth charges seem to have exploded against 4 executives, but ordinary employees are the real victims. Just hope that this bomb will not be blown up outside Country Garden, causing the real estate industry and even more companies to follow suit, and the victims will not be a small number of people.