Life at The Top novel Chapter 719

While Jasper did say it would be a friendly chat, the mention of talking about problems faced and their solutions had everyone sitting straight and becoming attentive.

Everyone present was an elite, so they understood the importance of the first formal meeting.

No one else spoke and Jasper continued.

“While the investment company has always been considered the parent company, system and organizational structure-wise, we have yet to make clarifications on the parent company and its various subsidiaries’ functions. That was due to both my negligence and the fact that we were lacking people in the parent company.

“So now with Mr. Malibu and Mr. Wright joining us in the parent company, I believe it’s time to solve the issue.

“Does anyone have any thoughts on the matter?” Jasper asked.

Jack spoke first, “This is great. But Mr. Laine, will JW Capital take this opportunity to change its nature of business, from being a company to a group?”

Everyone was interested in this.

Jasper shook his head. “Not yet, it isn’t time yet. Plus, it’s just a different name. The internal structure will not change.”

Jack nodded and remained silent.

Seeing how no one spoke, Jasper continued, “Then how about I give my thoughts on a solution that I’ve come up with from my conversations with each of you?

“I plan to completely change the structure in the parent company. I’ll be the CEO while Mr. Malibu will take on the position as COO. He’ll be in charge of the company’s day-to-day transactions. Mr. Wright, as the director of the Human Resources Department, will be in charge of internal affairs and be the link between the parent company and its subsidiaries.

Nodding, Jasper continued, “Then the entertainment and media group. Ryder, you’ll assume the position as president, and Ted, vice president.

“Next, the electronics group. Chad, you’ll be the president concurrently and Lance will be vice president. But considering how Chad is in charge of quite a bit of business, you’ll oversee the daily business, Lance. Just make sure to ask Chad for his opinion for bigger projects.”

Lance, who had just joined JW Electronics, was shaken from the attention. “I understand, Mr. Laine. I’ll do my best.”

Smiling, Jasper continued, “While the company is undergoing a change in structure with groups through vertical management, there is no change in the workload or type of work you do.

“As I said before, JW Capital will not interfere with the day-to-day operations of its subsidiaries, but any important issues are to be reported to the parent company for approval and issuance. Anyone who dares to go around me on this will be fired.

“I’ll be mean now so we can all do great work in the future. I will not tolerate the breaking of rules that the company has established. If I find you in breach of anything, you will be dealt with strictly.”