Chapter 154: The Industry Leader and the Second-in-Command Fight! The Third-in-Command Gets Caught in the Crossfire!
Chapter 154 The battle between the industry leader and the second one! The third one is caught in the crossfire!!
Deep Water Bay.
Lin family villa.
Liang Shuyi has no idea how many times she has come here.
Now, this is where the family of Lin Xiufeng, the second son of Lin Bingyan, one of the founders of Hengtie Bank, lives.
When Liang Shuyi's Bayier stopped at the door of the villa.
She got out of the car and rang the doorbell.
Soon, the door opened.
Liang Shuyi drove in.
Seeing a man in his fifties wearing reading glasses reading a newspaper, Liang Shuyi knew it was Lin Xiufeng.
"Mr. Lin."
Liang Shuyi walked over.
Lin Xiufeng put down the newspaper. Every time she saw Liang Shuyi appear here, she could only smile bitterly.
"Miss Liang, why are you here?"
Lin Xiufeng has always been paying attention to the July offensive launched by Jiayi TV. He thought that Jiayi TV would have a certain improvement, but now it seems that Jiayi TV is on the verge of bankruptcy again.
However, he will not spend money to save Jiayi TV like he did in the past two years.
"Second Master Lin, this is my resignation letter."
Resignation letter?
Lin Xiufeng was a little surprised.
Lin Xiufeng took Liang Shuyi's resignation letter.
Jiayi TV has fallen to this point. As the general manager of Jiayi TV, Liang Shuyi should be responsible for her own affairs. She will definitely step down.
"Ms. Liang, are you sure you really want to resign? I thought you came to ask me for money?"
"Second Master Lin, I am indeed here to resign from you and other shareholders. For Jiayi TV, I have done my best and have a clear conscience. Unfortunately, I have the will to kill the thief, but I can't save the situation."
I have the will to kill the thief, but I can't save the situation?
Lin Xiufeng sighed.
"Then do you have any other requests?"
"Jiayi TV's finances have been exhausted and are not enough to pay this month's salary. I hope that the shareholders of Jiayi TV can pay this month's or even next month's salary as severance pay for Jiayi TV employees."
Two months' salary?
More than 800 people?
Even if we calculate it based on an average of HK$3,000 per person, it would cost HK$2.4 million a month, and HK$4.8 million for two months.
This is a lot of money!
Historically, major shareholders such as Lin Xiufeng did not use this large amount of money as severance pay for employees, which led to many problems later.
After the failure of the July Offensive, the six gentlemen of ATV suffered serious losses.
On the morning of August 21, 1978, ATV suddenly issued a statement announcing that it would stop operating due to financial difficulties, and posted a notice outside the headquarters gate stating that ATV would stop broadcasting from that day.
At the same time, an employee applied to the court to liquidate ATV.
On September 7, 1978, the High Court appointed bankruptcy administrator Hawes as the interim liquidator to take over ATV's assets.
On the afternoon of the same day, more than 300 ATV artists went to the Governor's Office to petition. Led by the editor of the news department and chief anchor He Juhua, they submitted a petition letter to the Governor's adjutant and sat in silence for 4 and a half hours with black veils wrapped around their arms, demanding that the Governor's Office "hold ATV accountable for all responsibilities, resume the TV station's broadcast as soon as possible, and protect the employment rights of TV professionals".
ATV artists went to the Governor's Office to petition three times, but the police arrested He Juhua, Xu Shengqi, Zhu Ke and Lin Xuhua in the early morning of October 3, and filed charges of "illegal assembly" against the four and all artists.
As a result, ATV was ordered to be liquidated by the court on October 19 of the same year.
In fact, long before ATV went bankrupt (1977), changes had occurred in the company's organization, especially as ATV consumed a large amount of funds, so the Lam family's funds were introduced to ATV. As the Lam family's investment increased, the Governor's Office believed that this might conflict with the terms of the license, so the Governor and the Executive Council ordered the Television Advisory Committee to investigate in December of the same year.
After the investigation, the authorities sent a letter to ATV, ordering it to rectify certain matters related to the company's organization; but ATV announced its bankruptcy soon after.
However, in the Asian TV series "TV Storm" broadcast from 2000 to 2001, the reason for ATV's bankruptcy was implied to be that the Governor's Office did not allow Chinese capital to invest in Hong Kong Electronic Media.
The sudden bankruptcy of ATV left most of ATV's artists at the time at a loss.
They even went to the Governor's Office to petition, asking the Governor's Office to lend a hand and help the station resume operation, but in the end they were unsuccessful, and the reason was that ATV was financially weak.
In Yang Ming's opinion, after the closure of Jiayi TV, why so many things happened later, it was not only because of the salary issue of the TV station staff, but more because some of the Jiayi TV staff were reluctant to leave Jiayi TV. They really had deep feelings for Jiayi TV. If Jiayi TV could be preserved, they would not have to switch to TVB or Asia Television.
Hong Kong's market, whether it is considering financial issues or market issues, Hong Kong can no longer accommodate the existence of a third wireless TV station.
So when the big brother TVB and the second Asia Television compete, the most unlucky one is of course the third Jiayi TV.
Often when the big brother and the second brother compete, the big brother and the second brother do not die, but the third brother dies the fastest.
This is almost a microcosm of all walks of life.
Now Lin Xiufeng saw Liang Shuyi resigning on her own initiative, and he still agreed with Liang Shuyi's approach.
When he heard that he and other shareholders had to take out 5 million Hong Kong dollars as severance pay, his face began to darken.
It's not that the Lin family has no money.
However, it feels like the money is wasted every time, and it has no meaning.
For example, the current salary or severance pay, in Lin Xiufeng's opinion, should be the remaining money after the bankruptcy and liquidation of the assets of Jiayi TV Station to compensate and lay off the employees, rather than letting the shareholders give money to those employees directly now.
"Ms. Liang, when my father died, he left a legacy of 300 million Hong Kong dollars, of which 200 million Hong Kong dollars were designated to be used for cultural undertakings, so I successively invested 200 million Hong Kong dollars in Jiayi TV Station, but now you have seen the result."
Lin Bingyan's second son Lin Xiufeng and third son Lin Xiurong resigned from their jobs shortly after their brother Lin Xiuliang passed away.
Since Lin Bingyan left a legacy of 300 million Hong Kong dollars after his early death, of which 200 million Hong Kong dollars were designated to be used for cultural undertakings, Lin Xiufeng invested in Jiayi TV Station in 1976 and became one of the directors.
Now I have invested so much money and got nothing.
Lin Xiufeng knew that this was his father's emphasis on Chinese cultural undertakings. Two years ago, Jiayi TV was the only Chinese TV station. He followed his father's will and truly did it.
In this situation, it is impossible for him to pay money again.
If it was only a few hundred thousand, he might not have much.
Now that he has to pay millions or even tens of millions of Hong Kong dollars, it hurts to think about it.
"Second Master Lin, I understand."
"You go back first, I will discuss it with the other five major shareholders."
"Second Master Lin, I'll leave first."
Liang Shuyi did not stay any longer.
Looking at Liang Shuyi's resignation letter, he returned to his study, picked up the landline phone, and notified the other five major shareholders, especially He Zuozhi, the owner of Xiangjiang Commercial Radio, the original largest shareholder of Jiayi TV.
Historically, He Zuozhi founded Jiayi TV in 1975 and sold all his shares to Lin Xiufeng a year later. After that, Jiashi suddenly closed down. It had nothing to do with He Zuozhi, but he stood up and generously paid the severance pay for employees with his own money.
Chapter 1!
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