Chapter 294
“Of course, it’s to boost the enthusiasm of the leadership,” Cohe said in a self-evident manner. After all, everyone sitting here was part of the leadership, and they would naturally align with him. It was clear that Cohen aimed to please the leadership, and these people would remain loyal to him “Everyone here is part of the leadership, so I won’t bother with formalities. Everyone understands the Pareto Principle. In this world, twenty percent of the people control eighty percent of the wealth! I’m just following this principle
Kylie chuckled. Cohen sounded shamelessly righteous.
She knew Cohen wanted to undermine her authority through the leadership, even though she held all the shares of Stafford Group. He wanted to tightly control the management of Stafford Group, essentially making him the ultimate authority. He
was too naive.
“Miss Kylie, don’t feel that it’s inappropriate. Everyone here in leadership is not an ordinary person. They either put in more effort than the average employee or possess extraordinary talent deserving the recognition, Cohen explained,
“I don’t think it’s inappropriate, Mr. Stafford. I agree with your point. Those who have reached their current positions must have much greater capabilities than ordinary employees, so receiving higher wages is only fair,” Kylie replied.
Cohen wore a smug expression.
He was convinced that Kylie wouldn’t dare to say that the higher ups were not worthy of their positions in front of many of them unless she was foolish.
Therefore, to highlight the capabilities of the leadership and diferentiate them from the ordinary employees, I’ve decided to increase the salaries of the higher-ups by five to ten percent, Kylie declared.
As soon as she spoke, the entire room became restless.
Due to the economic downturn, people in similar positions in other companies were facing pay cuts. However, those at Stafford Group hadn’t experienced pay reductions but salary increases. This situation made them feel exceptionally fortunate. However, smart individuals knew this favorable treatment was likely due to personal grievances within the Stafford family. Unexpectedly, there was a proposal to increase their salaries up to a ten percent raise.
Cohen’s expression noticeably turned unpleasant upon hearing this. Was Kylie using her tactics to win over the higher-ups? He absolutely wouldn’t allow it.
Cohen gave a subtle glance, and another board member quickly said, “Miss Kylie, your words seem a bit shortsighted. I’m not against raising salaries, but doing so in the current economic downturn, how will you justify it to shareholders? It seems like you’re using shareholder funds for your personal favors, is it?”
Cohen smirked. He refused to believe that he couldn’t outmaneuver Kylie.
“What if I can balance the interests of shareholders while raising the salaries of the upper management?” Kylie retorted.
“Miss Kylie, are you going to use your own money? Well, as the wealthy heiress of Belicy, your wealth ranking soared to third place last month. It wouldn’t be difficult for you to casually allocate some funds,” a board member mocked, intentionally pushing Kylie into a difficult situation.
That’s not the case. Internal matters of the Stafford Group should naturally be handled by the Stafford Group. If 1 involve other industries, first, it would be unfair to those industries, and second, it would diminish the reputation of the Stafford Group, turning it into a dependent entity. This would become a big joke if it spreads, Kylie retorted the board member, mocking the higher-ups of Stafford Group for their incapabilities.
The board members’ expressions became visibly unpleasant.
“Stop beating around the bush. Speak your mind!” one board member said with a stern face.
“It’s straightforward. The salary increase of five to ten percent for the higher-ups is linked to performance. In other words, if
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Chapter 291
they achieve their targets, they get the maximum ten percent bonus. However, if they fail to meet the goals, they will face a penalty of five to ten percent, based on their original salary, Kylle explained calmly.
As soon as this was laid out, the reluctance among the higher-up was apparent.
Kylie didn’t allow them to voice their concerns, continuing. I fully agree with Mr. Stafford’s viewpoint earlier. However, mere verbal approval has little practical significance. True agreement requires tangible efforts. The most effective way I can think of to highlight the disparity between the leadership and the employees, and even among the leadership, is through performance-based bonuses.”
“Miss Kylie, we already have performance-based bonuses. Don’t you think it’s too complicated to introduce another one suddenly? We’re working our hearts out, and you’re giving us so many assessments. Have you thought about our pressure?” A higher-up couldn’t help but speak up.
“Everyone has pressure, and the company is facing pressure. Mr. Watts, do you think Stafford Group is immune to the pressure of decreasing profits every year? If I am taking on the pressure, and the shareholders are taking on the pressure, shouldn’t the higher-ups also bear this pressure and responsibility?” Kylie responded firmly. “A business is not always a safe haven. Sometimes, it requires everyone to take risks and face challenges!”
“But…” Some of the higher-ups wanted to object.
“This matter is imperative. If any of you find it inappropriate or disagree, you can discuss it privately with me, or you have the option to resign. Stafford Group welcomes everyone, sincerely hoping that you choose to stay and work together for the substantial development of Stafford Group. However, for those who have different pursuits, Stafford Group respects everyone’s choices.” Kylie made her position clear.
The high-ups exchanged glances, and with Kylie’s decision, no one dared to speak further in the meeting.
Moreover, the economic situation had been challenging these years.
Resigning to seek similar jobs and salaries would not be easy, and starting afresh had its own challenges.
Kylie added, “Regarding the reassessment of performance-based compensation for high-ups, the HR department should provide me with the final draft within a week, by my specifications. If there are no issues, it will be implemented starting this month. Dismiss!”
Kylie did not need to seek everyone’s opinion. She boldly declared the decision..
Then, she stood up and left the meeting room. As she walked out, she deliberately approached Cohen and smiled. “Dad. it might be hard work for you from now on.”
The use of “Dad” was intentional, especially in front of everyone
It was a deliberate act to make others believe that the performance reform announced today by Kylie was discussed and agreed upon by her and Cohen. The pointed remarks during the meeting were part of a deliberate plan between the two.
This way, Cohen couldn’t gain any sympathy.
now hesitant.
As a result, many who had considered privately approaching Cohen to join forces against this reform were n
It was a win-win situation for Kylie.
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