New Oriental is worthy of the Whampoa Military Academy in the business world, and some people have been worth as much as 80 billion.
Internet companies like to play word games, layoffs are not called layoffs, they are called "graduation", they are called "sending talents to the society", but the only one who really dares to say that they are sending talents to the society is probably New Oriental, and Dong Yuhui estimates that "graduation" is imminent.
Why is Dong Yuhui about to graduate?Isn't his CEO Sun Dongxu out of class after backstabbing him?Didn't he himself follow Yu Minhong on the live broadcast?
This is going to start with the development history of New Oriental, New Oriental has trained many famous teachers, but have you heard of which famous teacher has come to the management?
There is an unwritten rule in New Oriental: Whoever is a famous teacher will be killed.
Other companies are inhumane and engage in the last elimination system, while New Oriental is humanized and engages in the first elimination system, and whoever is the best will be eliminated.
Luo Yonghao and Li Shanglong, more than one teacher who had stayed in New Oriental broke the news. Even though New Oriental no longer teaches English and brings goods, this "fine tradition" is still preserved.
Yu Minhong himself has admitted and reflected on this matter in public, saying that New Oriental had already opened a large class of 2,000 people before the rise of the domestic Internet, and brought the personal ability of famous teachers to the limit, which can be said to treat one person as 100 people.
Although only in the education and training industry, these famous teachers did get the highest salaries, but Yu Minhong did not further transform the employment relationship into a cooperative relationship.
So when the tide of the Internet came, these famous teachers left their jobs one after another and started their own businesses.
The above passage is an excerpt from the conversation between Yu Minhong and Fan Deng, the founder of Fan Deng Reading, in May 2022, which was a month before Dong Yuhui became famous. Introspection is introspection, but it is unlikely to change it at Yu Minhong's age (61 years old).
At that time, under the influence of the double reduction policy, the future of New Oriental was stormy, and when it was at its lowest point, Yu Minhong reflected on the past, and then because of Dong Yuhui's Oriental selection, it was only a year later, and history repeated itself again.
A few years ago, there was a movie "Chinese Partner" starring Huang Xiaoming, Tong Dawei, and Deng Chao, which was based on New Oriental's entrepreneurial experience.
Huang Xiaoming's character prototype is Yu Minhong, and Tong Dawei and Deng Chao play his two partners, Wang Qiang and Xu Xiaoping.
But the reality is not as beautiful as the movie, Wang Qiang and Xu Xiaoping have both left New Oriental.
As in the movie, there are always disagreements between Xu Xiaoping and Yu Minhong.
Xu Xiaoping hopes that New Oriental's management can be reformed and made more modern, rather than familial like the original, which is in line with the subsequent development of New Oriental, but Yu Minhong does not want to change it like this, because once the reform is completed, New Oriental will no longer have the surname "Yu".
In the end, just like Sun Dongxu and Dong Yuhui today, Yu Minhong and Xu Xiaoping have only one person who can stay, and it is Xu Xiaoping who leaves.
After Xu Xiaoping left New Oriental, he devoted himself to the investment field, and founded Zhenge ** with Sequoia Capital and Wang Qiang, who left New Oriental, which was also very popular.
In 2022, when New Oriental was in turmoil, Xu Xiaoping entered the Hurun Global Rich List with a value of 6.3 billion yuan.
In the period after Wang Qiang and Xu Xiaoping left, Yu Minhong was also thinking about corporate reform, and he reflected that the genes that made New Oriental successful in the past are no longer able to adapt to the new model of the Internet.
Therefore, Yu Minhong and New Oriental must change their genes, otherwise they will not be able to pass this hurdle.
For this reason, Yu Minhong began to reuse the reformist Chen Xiangdong, hoping that he could complete the reforms that Xu Xiaoping had failed to complete.
Chen Xiangdong is also an old man of New Oriental, who worked in New Oriental for 14 years, and was appointed president by Yu Minhong in the 11th year.
However, New Oriental's reform only stayed at the stage of rhetoric and never landed, and Chen Xiangdong also resigned suddenly in the third year of his tenure as president.
It has been rumored that Chen Xiangdong's departure was due to a high-level power struggle, and Yu Minhong also refuted the rumor that this is a non-existent thing.
But the fact is that in the three years from 2011 to 2014, that is, during the three years when Chen Xiangdong served as president, 70% of the executives left one after another, and finally Chen Xiangdong himself left suddenly. After they were squeezed out of the center of power one after another, Chen Xiangdong, the commander of the light pole, could only resign.
Rather than reforming New Oriental, it would be much easier to set up a new institution.
So Chen Xiangdong founded Gaotu (formerly known as "Learn from Who"), because Gaotu adopted a new Internet business model and developed rapidly, Chen Xiangdong's own wealth even reached three times that of Yu Minhong, as high as 80 billion yuan.
It can be seen that Chen Xiangdong has the ability to lead New Oriental to complete the reform, but unfortunately the management of New Oriental does not really want to reform.
After the double reduction policy, like New Oriental, it entered the field of live streaming.
Originally, it was tepid, and the number of people in each live broadcast was only twenty or thirty thousand, and after the Dong Yuhui incident, a large number of fans poured into the Gaotu live broadcast room, and the number of fans has exceeded more than 2.3 million.
Although his worth is not as good as the previous ones, Luo Yonghao's fame is definitely the biggest among several people, and the reason for his departure is also the clearest.
Luo Yonghao's identity in New Oriental at that time was a famous teacher, and the management also bluntly said that because of Luo Yonghao's existence, it saved tens of millions of advertising costs for New Oriental, because the three words "Luo Yonghao" are the best advertisement.
Many of the students came for his sign.
But Luo Yonghao's fame brought him trouble, in a secret high-level meeting, some executives proposed that Luo Yonghao should be fired, because he always made comments about the company, which was not conducive to the company's management.
Although some executives affirmed Luo Yonghao's contribution to New Oriental, the voice about the dismissal of Luo Yonghao was finally suppressed. But this matter still reached Lao Luo's ears.
At that time, Luo Yonghao already had the idea of starting his own business, but he hadn't made up his mind yet, and the incident pushed him behind his back and let him come out.
In fact, fortunately he is Luo Yonghao, the executives only dare to discuss his stay in a secret meeting, and the suppression of other famous teachers with excellent abilities but not as influential as Luo Yonghao is even more naked.
A male teacher who left New Oriental broke the news that he had been asked by the leader to call the other party "Dad" in **, otherwise he would not arrange classes.
Female teachers are even worse, and some female teachers are even more likely to be asked to sit on the lap of the leader.
Why do these leaders dare to be so rampant?It is to bully young people, knowing that you are looking for jobs from other places, and the financial burden on you is heavy, so you dare not leave your job casually, and no matter how big the grievances are, you have to bear them.
What if anyone dares to resist?
It's okay, with the gold-lettered signboard of "New Oriental", it's too easy to recruit new teachers.
As a result, the infighting in New Oriental is extremely serious, no matter how well you teach the class, you can't do it if you don't know how to slap the horse, the famous teacher is squeezed out, and those who are not good at the level are promoted.
In such a comparison, are the leaders of New Oriental polite enough to Luo Yonghao?That's really too polite.
After leaving New Oriental, Luo Yonghao kept tossing, engaging in **, teaching English, making mobile phones, and so on. Although he tossed to the end and became an "old man", his personal influence only increased.
Now Luo Yonghao is also bringing goods live broadcast, doing a good job, it seems that the end of education and training is to bring goods.
This time the Dong Yuhui incident is also the loudest in him, probably because he empathizes with Dong Yuhui's situation.
Dong Yuhui's departure is only a matter of time. The reason is very simple, whether it is New Oriental or Oriental Selection, it can only be Yu Minhong's New Oriental and Oriental Selection.
Even if Dong Yuhui is given the highest treatment, what if he becomes a partner of the company?
Dong Yuhui's status in the company and the weight in Yu Minhong's heart can be compared to his two college classmates, former idols, and future comrades-in-arms Wang Qiang and Xu Xiaoping?
In any case, Yu Minhong, Sun Dongxu and Dong Yuhui have contributed to us the most valuable workplace palace fight drama in recent years, letting us know that big companies don't just grab official seals.
I hope that Dongfang Selection can develop better and better, but not too well, otherwise it will be time to destroy the famous teacher.