Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 909 Universal Shareholding
"Teacher, Mr. Chen has begun to speak..."

"Ah."

Li Yining did not look up, but paused with a pause in his writing.

As the chief economic expert specially appointed by the Heavenly Mystery Pavilion, he was annotating a document submitted by Chen Mo regarding "systemic risks of asset securitization." Taking the tablet from his disciple, he adjusted his reading glasses, looked at the man on the screen, and frowned slightly.
"What are they wearing...?"

"President Chen and his senior management team just performed a show."

After listening to his disciple's brief explanation, Li Yining's lips curled into a smile. "This kid knows how to create an atmosphere..."

In the video, a large screen above Chen Mo's head prominently displays various data related to the company's business development last year. Each data point is accompanied by a red upward arrow, along with specific numbers and percentages.

Looking around, the growth rates are almost all above 50%, which is a remarkable achievement.

"As you can all see from the data above," Chen Mo said in a steady and powerful voice.

"...As you can see, the Group's total compensation expenditure reached RMB 1387 billion last year, with an average annual salary of RMB 76 per employee (including year-end bonus).

Its subsidiaries, including Ele.me and Didi Chuxing, which are involved in daily consumption and travel, have a total of 682 million full-time employees. All of them have signed contracts and paid social insurance and housing provident fund in accordance with the law. They work 8 hours a day and the average annual salary can reach 10 yuan.

The more you work, the more you earn; if you're tired, it's okay to take a break.

What we insist on is a simple sense of fairness.

Last year, Beyond embarked on a large-scale construction project across the country, investing 239 billion yuan in its various branches to build employee dormitories that can accommodate a total of 5 people, putting into practice the concept of "everyone has a place to live".

Furthermore, with the continued development of the other side, this "settlement plan" is still progressing steadily.

In addition, the employee welfare policy that has been implemented in the past—employees who have worked on the other side for two years or more can enjoy full medical assistance outside of medical insurance, which benefits the whole family for one person's work.

Over the past five years, the policy has helped 3721 families escape poverty due to illness.

These welfare measures together form the largest welfare and security system among private enterprises in China.

If you look closely, you'll see that in recent years, some industry giants have also started to follow suit with reforms.

The current society has seen phenomena such as involution in the workplace and involution in learning. The numbers I just mentioned represent a different kind of "involution"—we are involuntarily competing for welfare!

But where do these benefits come from?
These benefits are inseparable from the group's strong revenue, the hard work of every employee at Beyond, and the support of all our users...

The live stream comment section was filled with exclamations of amazement and praise, while many competitors watching the live stream were filled with dissatisfaction.

They came to learn about the future development plans of the other side, but what they heard was about spending hundreds of billions to build employee dormitories and hundreds of billions to distribute welfare benefits, and they felt that Chen Mo was showing off.

Seeing the praising comments in the comment section only fueled their disgust.

There's no point in learning it anyway, and watching it is useless. Nearly half of our competitors left the live stream. This kind of performance that spreads rumors and misleads people is better left unwatched.

Old Ma, who was far away in Hangzhou, knew Chen Mo best. He knew exactly what Chen Mo was going to say the moment he lifted his butt. Upon seeing the data on the big screen, he immediately shut down the live stream.

Despite some friction with the other side in certain business areas such as live streaming, local services, and mobile office, in Lao Ma's mind, the real opponent is no longer the other side, but time and himself.

However, not everyone thought Chen Mo was showing off.

The companies that are part of the Beyond Group, the companies in the Enhancement Plan, as well as many experts, scholars, media and relevant department leaders who are observing the Beyond model, see from these data that Chen Mo is carrying out a contemporary practice of the ethics of common prosperity based on all the workers of Beyond.

Like Ele.me, while most internet platforms exploit labor through algorithms, it went against the grain, becoming the first to fully cover social insurance and housing fund contributions across the platform, even paying the individual's portion. This resulted in Ele.me holding an 80% market leadership position, yet its profit margin was as low as 3.82%, far below people's expectations for its profit margin.

The profit margin for food delivery is enormous, yet at the end of the year it's still less than Xiaomi's.

The data above ostensibly represent millions of people, but the resulting social impact extends to millions of families, ensuring that the elderly are cared for and the sick are supported, and enabling hundreds of millions of people to live and work in peace and contentment. Its influence on social stability is undoubtedly enormous.

Just as everyone was still reeling from these astonishing moves, Chen Mo dropped another bombshell:
Dear colleagues: The Group is always committed to providing every employee with industry-leading, future-oriented well-being.

After careful consideration by the board of directors, we have decided to strategically upgrade the existing 10 billion yuan housing loan subsidy program.

We are well aware that while traditional housing loans can temporarily solve the housing needs, they will leave our excellent partners with long-term debt burdens, which is contrary to our values.

Therefore, we have decided to terminate the original housing loan application and launch the comprehensive "Common Prosperity" empowerment plan.

The plan aims to provide more direct, flexible and generous support for the long-term development of every employee and their family, helping them not only to "live in peace" but also to "work happily", achieving a dual improvement in wealth and skills.

This is not a reduction in benefits, but a comprehensive upgrade that multiplies its value.

The group has established an employee stock ownership plan (ESOP) with a scale of up to hundreds of billions, which will grant employees group stock options.

Each year, the group will issue different numbers of stock options based on employee performance in a tiered manner, and release them proportionally.

At the same time, the group will also allocate real money each year to repurchase the stock options held by employees.

There are also corresponding rules regarding the handling of stock options after leaving the company.

As Chen Mo explained the core rules of ESOP in detail, the audience erupted in applause.

All the employees looked at Chen Mo, who was wearing a school uniform on the stage, with eyes full of fervor and trust. He had become the leader who would lead everyone to prosperity.

Under this stock option plan, given the current development momentum of the company, employees' annual salaries will reach new heights, making the cancellation of mortgage benefits seem insignificant in comparison.

"Through this incentive policy, the company will closely link its future growth with every partner."

However, everyone should understand that "shareholding by all citizens" does not mean "equal shareholding." The group's move is not to pursue absolute equality or to promote egalitarianism.

Instead, it broadly covers employees who are concerned about the company's long-term strategy and healthy development, and who consciously save costs and improve efficiency.

This plan establishes a compensation model of "sharing risks and sharing benefits":

The company performed well, the stock options held by employees appreciated, and total compensation increased significantly;
Conversely, if the company performs poorly, the value of the stock options will be affected, and everyone's income will decrease.

We are not pursuing short-term KPIs, but rather encouraging innovation and investing in the future.

We firmly believe that being an owner of a company is far more valuable than being a debtor of a bank.

Our goal is not to help people borrow money to buy a house, but to help them earn the capital to buy a house.

I am confident that I can lead you to a better future.
So, are you confident?

As he spoke, Chen Mo turned the microphone toward the audience below the stage.

next moment,
"Yes!" "Yes!" "Yes!"
Hearing the thunderous response from the front, Wu Bai, who was backstage, thought to himself: Compared to what he had just done, this was a real military training-style performance!
(End of this chapter)