giants of the era

Chapter 496 Headhunting Company
Dongfang Yuqin nodded in agreement, and then sat beside Li Zetian, "Through this hype, the future development of Chronos Bank will be smoother."

"um, yes."

Li Zetian poured a cup of tea for Dongfang Yuqin, and immediately said: "We have a lot of money recently. Instead of keeping it, we should quickly establish branches all over the world, so that the presence of Chronos Bank can spread all over the world."

Dongfang Yuqin said with a charming smile: "It's not so easy. To establish a branch, you need to choose a site, decorate it, recruit bank management talents, etc..."

"I know this, but it's easy to choose a site and decorate it. As long as the money is in place, there should be no problem! As for talents, on the one hand, they can be recruited through normal recruitment channels, and on the other hand, they can be recruited from other places through headhunting companies."

"By the way, Yuqin, we simply acquired two or three of the top five headhunting companies in the world to facilitate our future recruitment! In addition, there are also professional social networking sites, such as LinkedIn, 58job, [-].com, etc. In addition, I suddenly had an idea, since we want to acquire a headhunting company, why not develop a career development platform that can realize the three-way interaction between the company, headhunters and professional managers. I have already thought of the name, it is called Liepin. Create a career development platform centered on the personal user experience of managers, and completely subvert the traditional online recruitment advertising platform centered on enterprises!"

Dongfang Yuqin heard the words, and said thoughtfully: "LinkedIn, 58job.com and [-].com mainly target ordinary employees, while Liepin targets high-end talents... In this way, the company's talents Not missing any more!"

"Yes, that's it!" Li Zetian nodded with a smile, "Later, I will teach these things to William and Youran, and let them practice more."

"With the abilities of the two of them, there is no problem in doing these things." Dongfang Yuqin said with a smile.

"How is the current real estate market in the United States?" Li Zetian changed the subject.

Dongfang Yuqin laughed and said, "It has already started to collapse. On February 2 this year, New Century Financial Corporation of the United States issued a profit warning for the fourth quarter of 13!"

"Profit warning? Hehe, this shows that the profit of New Century Financial Corporation of the United States has failed to meet the forecast of research analysts! Generally speaking, if a profit warning is issued, it indicates that there is a problem with the company's operation!"

"You know, when the real estate bubble in the United States is serious, the housing price will not rise after a certain level, and naturally no one will take over the offer later, so real estate speculators are anxious like ants on a hot pot. If the house cannot be sold, the high The amount of interest had to be paid non-stop, and finally one day when there was no way out, the house was dumped to the bank, and a default occurred at this time. American New Century Financial Corporation is the second largest subprime mortgage company in the United States, and naturally it suffered serious losses! " Dongfang Yuqin laughed.

"It's kind of interesting, the fun is finally about to begin!" Li Zetian smiled evilly.

……

……

At the dinner table, Li Zetian told Li Youran and William about the acquisition of a headhunting company and a job search website.

"Korn Ferry, Heidrick & Struggles, Spencer Stuart, Egon Zehnder, and Russell Reynolds are the five largest headhunting companies in the world. They were all established in the 60s and 1999s, and they are also inextricably linked. Spencer Stuart used to be Heidrick & Struggles employees, and Egon Zehnder was once an employee of Spencer Stuart in Europe. At present, Korn Ferry and Heidrick & Struggles were listed on NASDAQ in the United States in [-], and the other three have maintained the form of private partnership. "

"The positioning of the top headhunting companies is 'high (high positions sought)' + 'expensive (expensive fees)'.

But in practice, there are differences between the 'Big Five':
Spencer Stuart accounts for more than 500 percent of the director search market for Fortune 50 companies.

Egon Zehnder and Russell Reynolds emphasize the concept of "One Firm" (one company). There is only one P&L (profit and loss unit) in the world, while the other three have their own P&L (profit and loss unit) for each office. "

"We have not had little contact with top headhunting companies, so we know them very well." Li Zetian looked at Li Youran and William and asked, "Which headhunting company do you think we should buy?"

"All of them have been bought!!!" Li Youran said, full of domineering arrogance.

Li Zetian's forehead instantly turned black.

Li Youran said again: "We have been cooperating with the five major headhunting companies, investing in and acquiring them is of course for better cooperation! We just need to reserve some shares for them! Besides, Dad, don't you want to build a hunting network? With the support of the five major headhunting companies, is Liepin still afraid that it will not be able to develop? As long as Liepin develops successfully, it will be easier to recruit people in the future!"

Li Zetian thought about it and felt that what his daughter said was right.

Although the five top headhunting companies in the world may look very big and famous, their market capitalization is really not high. For example, among the listed companies, the market capitalization of Avid International and Heidrick & Struggles is 20.6 billion US dollars and 4.5 million US dollars respectively.

To Li Zetian, the money is trivial and not worth mentioning, but the top headhunting companies are of great help to Li Zetian.

Li Zetian thought for a while and said: "That's it, Youran, you are responsible for investing in the acquisition of the five top headhunting companies in the world. William, you are in charge of acquiring LinkedIn, 58job, and [-].com. , you join hands to launch Liepin Network!"

"Okay, Dad!!!" Youran and William responded in unison.

……

After the meal, Li Zetian held the hand of his youngest daughter Li Yueer and walked in the leisurely garden to enjoy the flowers.

"Peach Blossom Temple in Taohuawu, Peach Blossom Immortals in Peach Blossom Temple; Peach Blossom Immortals plant peach trees, pick peach blossoms and sell wine money..."

The peach blossoms in the garden are in full bloom, and the fragrance is overflowing, which is refreshing. Li Zetian couldn't help reciting poems at this time, feeling a little envious of the life written by Tang Bohu.However, Li Zetian also knows that he himself is a person who can't rest at all, always thinking about making money and changing the world.

"Father, is this your poem?" Li Yueer looked at Li Zetian with big eyes, her eyes were full of admiration, as if in her eyes, her father was omnipotent.

"Ahem!!!" Li Zetian coughed twice, secretly thought, I want to say that I created this poem by myself, and Tang Bohu's coffin will probably not be able to hold it~~ This is not a different time and space, everyone Knowing that this poem was written by Tang Bohu, I dare not shamelessly say that I wrote it myself.Although Xiaoyue'er doesn't know it yet, she will eventually grow up and know about Tang Bohu.

Li Zetian said to Xiao Yueer, "I didn't write it, it was a poem written by Tang Bohu."

"Tang Bohu?" Xiao Yue'er thought about it seriously, and said excitedly, "Dad, I remembered, I know the name of a movie is "Tang Bohu Spots Autumn Fragrance"! One of my classmates said that she has a box of videos at home. The tape is "Tang Bohu Spots Autumn Fragrance", this movie is so funny!"

Li Zetian gently scratched her nose and asked, "Honey, do you want to see it?"

Xiao Yueer nodded vigorously, "I want to see it!"

"Okay, Dad will take you to watch a movie!!" Li Zetian hugged Xiao Yue'er on his body, and then walked to the cinema at home.

(End of this chapter)