Mistaking My Sister-In-Law for My Wife After Getting Drunk!

Chapter 287: Chapter 287 Recommendation of Talents

"You founded Lazy Cat Live Streaming and are its largest shareholder with a controlling stake. If I'm not mistaken, you rarely involve yourself in the management and operations of Lazy Cat Live Streaming, do you?" Xu Yang asked.

"You're right about that. I prefer investing to managing. I have no interest in managing a company. Aren't you the same? Just a hands-off boss. What does the problem you mentioned have to do with me, a hands-off boss?" Wang Xiaocong retorted indifferently.

"Although I'm also a hands-off boss, my way of being hands-off differs from yours," Xu Yang shook his head with a wry smile.

"What's the difference?" Wang Xiaocong blinked.

In his opinion, all hands-off bosses were the same.

"Even though I don't partake in the company's management and operations, I have Yang Xin Investments, which essentially manages the other companies for me."

"The staff at Yang Xin Investments conducts a comprehensive review of the affiliated companies it controls or has a stake in every so often."

"If a company exhibits obvious problems, the general manager of Yang Xin Investments will report to me, and I will intervene based on the actual situation."

"So far, there have been no such problems; the operations of the subsidiary companies are doing quite well."

"In short, I'm hands-off to a limited extent, whereas you are truly hands-off and completely uninvolved, so we're different."

"Let me ask you, do you have any idea what's going on inside Lazy Cat Live Streaming now?"

Xu Yang, now free from other concerns, often stayed at Yang Xin Investments, contemplating the future development of the company.

Periodically reviewing the subsidiary companies was a system he had established.

"Uh… well, I guess I have some idea. Are you talking about the problem of divided factions within the management?" Wang Xiaocong pondered before asking.

"Exactly, that's the issue," Xu Yang nodded.

"That problem…" Wang Xiaocong gave a bitter laugh, finding himself at a loss for words.

Since its establishment, Lazy Cat Live Streaming had undergone several rounds of financing. With each round, the management team experienced a reshuffle.

Different financiers had their own preferred management personnel.

These managers vied with each other for power and interest, leading to a highly chaotic administration.

Several times it escalated into major conflicts, and it was only Wang Xiaocong's intervention that stabilized the situation.

Frankly, he felt quite helpless about this issue.

"Old Wang, you spent a lot of money to poach several game broadcasters from other live streaming platforms. They started with great enthusiasm, but over time, they lost their passion. To use the current terms, they've started to 'lie flat.'"

"The revenue they generate doesn't compare to the fees you pay them, with some even failing to meet the required weekly streaming hours," Xu Yang analyzed the situation for Wang Xiaocong.

"It's true that what you've described is the current state of Lazy Cat Live Streaming. It seems I've been too lenient, letting those broadcasters forget who they really are," Wang Xiaocong said, becoming annoyed.

"Old Wang, this isn't about the broadcasters; the main issue lies in the internal management."

"With such chaotic management, broadcasters see no future. Whether they work hard or not seems to make no difference, so of course they would choose to 'lie flat.'"

"Those managers are only interested in vying for power and benefits, not in the company's development. They turn a blind eye to the broadcasters' performance."

"Good or bad work makes no distinction for them. With such managers, think about it—if you were a broadcaster, would you be motivated to stream?"

Xu Yang further dissected the situation of Lazy Cat broadcasters.

"Of course not," Wang Xiaocong admitted with a bitter smile and a shake of his head.

"That's the point. Lazy Cat Live Streaming might seem fine on the surface, but in reality, it's a shell of strength surrounding hollowness. To be honest, if you weren't the owner of Lazy Cat Live Streaming, it probably would have collapsed and gone bankrupt long ago."

"If you don't resolve this now, in another year or so, you might find that the problem can't be solved, and bankruptcy will be the only option left," Xu Yang said bluntly.

Wang Xiaocong is the owner of Lazy Cat Live Streaming and the heir to Wan Da Group.

This status has been very beneficial for Lazy Cat Live Streaming's development.

Many people were willing to give Wang Xiaocong face.

This was also one of the reasons Lazy Cat Live Streaming developed so quickly. Read the latest on M V L

Being wealthy and having the title of heir to the Wan Da Group, Wang Xiaocong spent money to attract a few top game broadcasters.

Initially, with the influence of these top broadcasters, the company's development should have been problem-free.

However, due to poor internal management, it failed to achieve the expected profits.

Eventually, the company started running short on funds.

Wang Xiaocong didn't realize this and proceeded to initiate further financing.

Wang Xiaocong is no fool; why did he fail to recognize this?

It was because he was misled by those in management.

The subsequent rounds of financing were no different.

Now, Lazy Cat Live Streaming is seriously ailing.

It's only because Wang Xiaocong is the boss that it has not already closed down.

These were facts reported by the system.

Otherwise, Xu Yang would not have known about them.

"Old Xu, your words have really woken me up. I used to think Lazy Cat Live Streaming was doing well, and I was quite pleased with myself, thinking it was just short of funds, and that financing would be the solution."

"Now, I see that it's not just about the money, but the management team is the issue."

"If we don't solve the management issue, there's no hope for Lazy Cat Live Streaming's development," Wang Xiaocong said.

"Old Xu, thank you. If it weren't for you, Lazy Cat Live Streaming might have ended up bankrupt just like you said, after a while," Wang Xiaocong sincerely thanked Xu Yang.

It seemed that seeking out Xu Yang today had been the right decision.

Otherwise, he wouldn't have known when he would have come to realize this issue.

"Old Wang, you treat me as a brother, so there's no need for thanks," Xu Yang said, waving his hand.

"Alright, then I won't stand on ceremony with you. Since you've identified the problems with Lazy Cat Live Streaming, you must have a solution, right?" Wang Xiaocong looked at Xu Yang with eager eyes.

"Of course, there's a solution," Xu Yang nodded, "First, we need to find a suitable CEO to resolve the issues of the internal factions within Lazy Cat Live Streaming."

Wang Xiaocong nodded in agreement, "Makes sense, but finding a suitable CEO is difficult."

As the saying goes, 'A thousand troops are easy to get, one general is hard to find.' Finding the right manager is extremely challenging.

Some might say, with enough money, what kind of talent can't you find?

It's not that simple. You can find them, but when you find them is the problem.

If your company is in trouble and you can't find someone now but only after half a year or a year, what's the point then?

Suddenly, Xu Yang smiled and said, "Old Wang, if you trust me, I can recommend someone to you."

Wang Xiaocong's eyes lit up, "Old Xu, we're brothers, of course I trust you. Tell me quick, who do you recommend?"