A Life Debt Repaid novel (John and Cordy)
Chapter 566

Chapter 566

Chapter 566

Technically speaking, after Simon lost his position as the chairman, there was no other position left inSachs Enterprises for him. But he pulled together other directors and confronted Cordy, forcing her togive him the position of general manager in Sachs Enterprises on the basis that he had been managingthe company all along, while Cordy seldom came to the office and it would not be ideal to hire ageneral manager externally.

Cordy did not reject his suggestion, for there was no need for her to. As Simon had a significant portionof the company’s shares, he would certainly put in his best foot forward in managing SachsEnterprises.

Of course, that was what she had thought. Unfortunately, Simon was truly incapable.

“Yes?” Simon said in response.

He had never shown Cordy much respect, be in small or big meetings.

He continued to remain stuck up and prideful.

“Compared to last month, your KPI targets have dropped by 3%. How did you arrive at 3%?” Cordyasked.

“Don’t you know the current market situation very well. Chairman? The fact that our traditionalbusinesses suffered a mere 3% drop in such terrible market conditions is already an astonishing feat.This is especially so compared to our competitors who saw an even greater drop in their performance.”

“But based on what I know, Davis Corporation which also operates traditional F&B outlets and hotelssaw a 5% increase this month compared to the last,” Cordy refuted.

“How can we compare to Davis Corporation? Are we even at the same level? We manage fairly-pricedrestaurants and chain hotels with four stars or less. Davis Corporation, on the other hand, operateshigher-end establishments. Both companies are on different levels and we shouldn’t be comparingapples and oranges!” Simon countered.

“So, President Sachs, don’t you have any ounce of desire to improve? Have you never thought ofbecoming as impressive a conglomerate as Davis Corporation?”

“Are you kidding me? Davis Corporation has been around for over a century. The foundation it has builtup over the years is something we cannot compare with. If you want to measure us against otherpeople’s standards, you’re just being idealistic and unrealistic. Chairman Sachs, you only come tooffice once a week and have no clue about the internal situation and operations of the company. Don’tjust shoot your mouth off and make yourself the butt of everyone’s jokes.” Simon mocked Cordy in frontof everyone, giving no regard to her pride and dignity.

Cordy did not mind as much. She said leisurely, “Nothing is impossible. Back then, Starstream Groupwas nothing compared to Sachs Enterprises, yet now, it is operating at a scale that Sachs Enterprisescannot even imagine. And do you even realize that it took Starstream Group a mere three years toachieve that?”

Cordy’s words embarrassed Simon to no end.

Cordy was now someone renowned in North City, well-known as a powerful businesswoman, anentrepreneur…she had countless glorious titles to her name that she could barely keep track of..

Simon was rendered speechless.

He could only say through gritted teeth, “Since you’re so impressive, why don’t you give it a go?”

“If I had to be involved in everything, what’s the point of your existence, President Sachs?!” Cordy saidsarcastically, “Or are you saying that you’ve reached retirement age…”

“Cordy Sachs, stop trying to force me into a corner. I am the general manager appointed by the boardof directors, not someone you can just fire as you wish.”

“I don’t have the intention of firing you at all. I just hope that you can lift your standards a little and stopfixing your eyes on companies that aren’t doing so well. We have over a thousand employees in ourcompany. As the leader of the company, we should be thinking about how to increase their salaries andmake their lives better instead of constantly retrenching our people and reducing their salaries in orderto cut costs,” Cordy said aggressively as she flung the human resources report on the table.

Simon’s face darkened with displeasure.

Yes, in order for the company to breakeven, he reduced manpower costs by retrenching staff andcutting their salaries.

He did not expect Cordy, who only came to the office four times a month, to notice that.

“Of course, I’m not objecting to your approach, President Sachs. In times of losses, retrenchment andsalary reduction at an appropriate degree can help with motivating staff and making them work harder.But if the leadership does not have good structures in place and the employees end up all stressed andup to their necks in work, it would end up pointless as well. The key is,” Cordy said as her voice sank,“our employees’ salaries have dropped by 5% on average, yet our senior management’s salaries haverisen by 3% from last year. To be honest, I truly don’t understand what your objective in doing this is,President Sachs?!”