A Life Debt Repaid novel Chapter 566

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

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

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%?" Cordy asked.

"Don't you know the current market situation very well, Chairman? The fact that our traditional businesses 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 hotels saw 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-priced restaurants and chain hotels with four stars or less. Davis Corporation, on the other hand, operates higher-end establishments. Both companies are on different levels and we shouldn't be comparing apples and oranges!" Simon countered.

"So, President Sachs, don't you have any ounce of desire to improve? Have you never thought of becoming as impressive a conglomerate as Davis Corporation?"

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

"I don't have the intention of firing you at all. I just hope that you can lift your standards a little and stop fixing your eyes on companies that aren't doing so well. We have over a thousand employees in our company. As the leader of the company, we should be thinking about how to increase their salaries and make their lives better instead of constantly retrenching our people and reducing their salaries in order to 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 and cutting 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 and salary 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 and up 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 have risen by 3% from last year. To be honest, I truly don't understand what your objective in doing this is, President Sachs?!"