Chapter 568
A Life Debt Repaid
Those directors who were going against Cordy were the ones who were not contributing much to the company.
Their faces were dark with displeasure as well.
âStop keeping us in suspense. What exactly are you proposing?â the director said coldly.
âVery simple. The additional 5 to 10% salary is based on performance. In other words, as long as the director achieves their targets, Iâll reward him or her with an up to 10% increase in their salary. If the targets are not met, they will be penalized with a 5 to 10% cut in their salaries,â Cordy said clearly.
Naturally, everyone was reluctant to accept her suggestion.
However, Cordy did not give them a chance to speak up. âI said that I am in full agreement with what President Sachs said earlier, but verbal recognition isnât that much meaningful. True recognition should be accompanied by tangible benefits, and the best way I can think of to highlight the gap between the leadership board and our employees is a performance commission.â
âChairman Sachs, we do have a performance commission, but youâre adding another one on top of it.
Wouldnât that make things confusing? Weâre up to our necks in work every day and youâre still giving us so many tests. Have you thought of the pressure weâre facing?â One of the directors could not help but speak up.
âEveryone faces pressure and even companies do too. Director Jones, donât you think itâs pressurizing to see Sachs Enterprisesâ annual profits declining year by year? Since the stakeholders and I are bearing that pressure, as part of the pillar of the company, shouldnât the senior management bear the pressure and responsibility as well?!â Cordy said emphatically. âCompanies donât just function as a safe refuge. Sometimes, it also needs its people to brave the winds and waves with it!â
âButâ¦â Another director wanted to speak up.
âThis is a necessary move Iâll make. If any director finds it unacceptable, you can raise it with me privately or resign. Sachs Enterprises keeps its doors open for everyone here and sincerely hopes that everyone will stay and fight on together for quality growth of the company. But if you have a better pursuit elsewhere, Sachs Enterprises will respect your decision too,â Cordy said clearly.
The directors exchanged glances with each other. Given what Cordy had said, no one else dared to say anything further at the meeting.
Whatâs more, the economy has been doing poorly in recent years.
It would not be easy finding another opening at the same position with the same pay after they quit.
Most importantly, they had to start all over again.
âRegarding the revised performance-based salaries for the senior management, I request for the human resources department to draft the final proposal to me in one weekâs time. If there are no issues with the proposal, weâll implement the system starting this month. The meeting is adjourned!â
She had no need to ask for anyoneâs approval.
Cordy simply announced dictatorially.
She stood up to leave.
Before she left, she deliberately walked over to Simon and said with a smile, âDad, weâre counting on you from now on.â
She deliberately emphasized her address of him as âDadâ.
She did it in front of everyone, clearly so that everyone would see.
She wanted everyone to misunderstand that the performance-based salary system was something that she had discussed and planned with Simon and that their argument at the meeting today was nothing but the two of them playing along with each other.
That way, Simon would not benefit in any way.
That way, those who wanted to privately find Simon to oppose the new system would not dare do so.
It was the best of both worlds!