When will I have a long tassel?

A group of young people were eating, drinking, talking and laughing, and the commotion lasted until about 11 o'clock in the evening. Tang Zifeng gave up his house to Xiao Wenjun, Bao Nana and Tang Ziyan. Bao Nana grabbed Yu Xiaohui who was about to go home to sleep, and insisted that she live with them. Tang Zifeng didn't care what these girls were doing, he took Wang Zijie to the small guest house, opened a standard room, and prepared to talk to Wang Zijie all night long.

"Lao Ba, what's going on between you and this girl named Xiao?"

Each made a cup of tea in the guest house and sat down opposite each other. Wang Zijie first asked about the gossip.

"It's nothing, it's just revolutionary friendship." Tang Zifeng said with a smile.

"I think this girl cares about you very much."

"What girl doesn't care about brother?"

"Can you be any more narcissistic?"

"Fight for it..."

"Alas! This means that the most humble person is invincible." Wang Zijie gave up. This kind of talk would have no results. He changed the topic and asked: "Old man, what do I think, you really want to Do you mean to stay in Linhe and not leave?"

"Really?" Tang Zifeng was serious this time. He asked, "You just said it once, and Xiao Wenjun also asked me the same thing later. Is my love for Lin Yiji really so obvious?"

Wang Zijie nodded and said: "As a bystander, you are becoming more and more like the factory director of Linyi Machinery. After chatting for a day, you can think of industrial layout for Linyi Machinery. Why do I feel that you, the factory director, have no idea?" You are dedicated."

Tang Zifeng thought for a while, nodded and said, "When you say this, I feel like I have changed. Last year, when old Zhou Sheng forced me to get a chance, I was really unhappy. Later, I wanted to let him go as soon as possible. Linyiji was out of trouble, so I risked my life to find business for Linyiji. But recently, I feel like I am a little voluntary... By the way, what is this called? "

"Stockholm Syndrome." Wang Zijie said. He is also a scholar now and is working hard to write articles to prepare for lecture reviews, so his theoretical skills are very good.

"Do you think it looks like it?" Tang Zifeng asked.

Wang Zijie said disdainfully: "Anyone can suffer from Stockholm Syndrome, but it's absolutely impossible for you, Laoba. You are such a smart person, how could you make such a mistake?"

"Then what do you think happened to me?" Tang Zifeng asked.

Wang Zijie lowered his voice and said, "Lao Ba, tell me the truth. Do you have any thoughts about Linyiji?"

Tang Zifeng was stunned: "Thinking? What do I think about the Linyi function?"

"Do you want to take away Linyiji?"

"Stop it!" Tang Zifeng was extremely surprised. He glared at Wang Zijie and asked, "How could you have such an idea? I have never thought of it this way."

Wang Zijie said: "Nowadays, a large number of state-owned enterprises across the country are in operating difficulties, and the views in academic circles are relatively unified. Everyone believes that the main reason is that the property rights of state-owned enterprises are unclear, resulting in a lack of initiative among operators. In terms of solutions, there is a relatively mainstream view, I just think that MBO should be promoted, and some places are already conducting pilot projects. Do you also want to give the Linyi machine to Europe?"

The so-called MBO, translated as management buyout, means that the original management of the company acquires the company into its own name through financing, thereby achieving the unification of ownership and management rights.

The management buyout method first originated in the West and was quite popular in the 1970s and 1980s. In the 1990s, faced with the large-scale losses of state-owned enterprises, Chinese management scholars introduced MBO to China, and it quickly became a theoretical hot spot. The main purpose of management buyout is to solve the so-called "owner absence" problem. China's state-owned enterprises are nominally owned by the whole people, but no one cares about the actual results. This is what scholars call "the absence of owners."

Theoretically, the people of the country are the owners of enterprises owned by the whole people, but the actual ownership cannot be exercised jointly by the whole people. Government management departments at all levels exercise owner powers on behalf of the people, but after all, this is not the official's own property. Who will exercise this power with all their heart and soul?

In this case, state-owned enterprises become ownerless property, and anyone can reach out and grab a handful. In the previous Linyiji, the factory leaders were collectively corrupt, and the higher-level departments were beyond the reach of the factory. The employees in the factory turned a blind eye. Such a decades-old factory was so corrupt that it could not pay wages. This is the absence of the owner. The consequences it brings.

Faced with this situation, the academic community put forward a view that suggested turning corporate managers into corporate owners. This is the origin of the concept of MBO. There are also different opinions on how to carry out MBO for state-owned enterprises. Some suggest that the management should directly buy the entire enterprise and be done with it. Others believe that the state should still own the ownership of the enterprise and the management can only purchase part of the shares. As long as there are management shares in the company, it is no longer the property of others, and the management will operate it with care.

Once this concept was proposed, its impact in academia was not important, but it was a treasure trove for the practical department. To put it bluntly, a large group of state-owned enterprise leaders have long been looking forward to turning state-owned enterprises into their own pockets. They were a little embarrassed at first. Now that academic circles have put forward their opinions and talked about advanced international experience, they can just follow the trend. , it can be regarded as liberating the mind or something, isn’t it beautiful?

This is exactly what Wang Zijie said to Tang Zifeng. In Wang Zijie's opinion, Tang Zifeng was so attentive to Linyiji because he was probably eyeing this company and wanted to make some achievements so that he could find a reason to give it to "Ou". Otherwise, how to explain that a person like Tang Zifeng, who was obsessed with money, actually became dedicated to the collective cause.

"MBO? I really haven't thought about it." Tang Zifeng said with a wry smile. What he said was absolutely true. He had never thought of turning Linyiji into a private property. Although he had heard of MBO, he never thought he would do it.

Wang Zijie smiled and said: "You didn't think about it in the past, but you can think about it now. I originally thought that Linyiji was a mess and had no value. But if you make three tossings and two tossings, it will turn into a money tree. , you haven’t thought about acquiring it and turning it into your own company?”

Tang Zifeng shook his head and said: "I really haven't thought about it. Lao Qi, if you like machine tool factories, it won't be difficult for us to get some money and open one ourselves. As for Linyi Machinery, forget it. It is an old state-owned factory after all. It’s a bit inappropriate for a pillar enterprise to have such a factory in its pocket.”

Wang Zijie said: "Old man, you are really ignorant. Nowadays, it is normal for some state-owned enterprise directors and managers to take the factory into their own pockets. They don't care about pillar enterprises. In other words, no No one wants a pillar company. It is valuable because it is a pillar company. How can you not understand such a simple truth?"

Tang Zifeng smiled faintly and said: "I understand, but I'd better forget this idea. If I put the Linyi machine in my pocket, I'm really worried that I won't have eyesight when I give birth to a baby in the future."

Tang Zifeng does understand this. Not only does he know what some state-owned enterprise leaders are doing now, but he also knows how the Internet will evaluate these people's actions 20 years from now. Objectively speaking, some state-owned enterprises have indeed reached the end of their rope, and MBO can bring them back to life.

But there are also some state-owned enterprises that originally had a good foundation and could be revitalized as long as they were managed well. For the purpose of embezzling state property, their leaders deliberately let them fall into losses, and then pocketed the enterprises worthless. middle.

For the latter kind of people, Tang Zifeng in his previous life hated them deeply. When talking about such things with his friends, he would always curse these worms for giving birth to babies without vaginal eyes. In this life, when he faced such an opportunity, he felt that he couldn't do it. At least, he couldn't let people 20 years later scold him for giving birth to a baby without vaginal eyes.

Wang Zijie looked at Tang Zifeng and smiled without saying a word. Tang Zifeng was stared at by him and couldn't help but ask: "Why are you looking at me like this? I'm telling the truth. Why, don't I look like a good and selfless cadre?"

Wang Zijie asked: "Have you ever calculated how much profit you can make if you acquire Linyiji?"

Tang Zifeng said: "I haven't calculated it in the past, but I did it just now. Linyiji's current assets are about 100 million. If Lao Zhou and I colluded and deliberately used Linyiji If the asset value is lower, we can buy the Linyi machine for 60 to 70 million. After buying it, we don’t need to produce it. As long as we bulldoze the Linyi machine, the land will be worth more than 400 million. This That’s a profit of more than 300 million.”

"There are actually so many!" Wang Zijie was shocked. He originally wanted to tease Tang Zifeng half-jokingly, but he didn't expect how valuable Linyiji was. He runs Feihai Company and is now considered a wealthy family, but his personal assets are less than one million. More than 300 million, which is enough for him to struggle for several lifetimes.

Tang Zifeng sighed and said: "Yeah, think about it, it's really a lot of money. With this money, you won't have to do anything for the rest of your life, how wonderful. However, I really can't make this kind of money. Lao Qi , although I am not a great person, I still have a certain bottom line as a human being. The country has handed over such a factory to me. If I think about getting it into my pocket all day long, am I still considered a human being? ?”

"Not bad!" Wang Zijie raised his thumb to Tang Zifeng, praised it, and said: "You have the same idea as me. I also think that if you make this kind of money, you will be struck by lightning. To be honest, I am still worried. You have this kind of idea, and you are still thinking about how to explain the truth to you and save you, a delinquent young man."

"Bah!" Tang Zifeng spat, "Is there such a delinquent young man as me? Let me tell you, Lao Qi, I am very enlightened now. Not to mention ill-gotten gains, this is the business that I should take as a matter of course. Commission, I haven’t received a penny so far. If the mechanical department doesn’t recommend me as a model worker, can it be worthy of me?”

Things about MBO cannot be generalized, and there are still positive implications. But there are many things that don't happen. The article is just a simple rant and a foreshadowing that will be echoed in the future... Is this considered a spoiler?

Well, actually I want to recommend this book, my friend Sima Baishan’s new work "Global Wealth". Students who are short of books can check it out.