Yu Minhong once shouted in a speech video: "These rabbit cubs, who dug up my people, used my resources, and finally got to a listed company, and sent me a text message saying, when can Mr. Yu have a meal, I said do you want to insult me?"
There are a lot of people who have run away from New Oriental, but what Yu Minhong refers to is very clear, so he almost didn't name them
We know that there are many bigwigs who have run away from New Oriental, such as: Xu Xiaoping, Wang Qiang, Luo Yonghao, Li Xiaolai, etc., they have all broken into their own world after leaving New Oriental, but in this video, it seems that there is a hint that Yu Minhong directly named and said that he did a listed company, and the spearhead is already very clear, not surprisingly, it is Chen Xiangdong, the founder of Gaotu. In June 2014, he founded "Learn from Whom", the predecessor of Gaotu Group, and listed on the New York Stock Exchange in June 2019, becoming the first major K12 online education institution in China to be listed in the United States.
So is it true that, as Yu Minhong said, Chen Xiangdong used the resources of New Oriental on the one hand, and poached his people on the other hand, and finally became a listed company? To understand the rights and wrongs of this, we have to start with Chen Xiangdong's life experience.
The family conditions are poor, but Chen Xiangdong is not willing to be mediocre
In 1971, Chen Xiangdong was born in an ordinary rural family, after graduating from junior high school, he went to a secondary school normal school, and at the age of 17, after graduating from school, he taught in rural and small towns. But he didn't want his studies to stop there, and he didn't want to stay in a small village and town for the rest of his life as a teacher. Therefore, he worked very hard, worked during the day, worked over Xi time at night, and finally was admitted to Chinese Minmin University with unremitting efforts, during his studies at Renmin University, 28-year-old Chen Xiangdong accidentally heard that the income of being a teacher in New Oriental was very high, so he immediately decided to go to New Oriental to apply. He was very fortunate to successfully join New Oriental, and after becoming a teacher of New Oriental, he still maintained a desperate state at work, the first to come every day, and the last to go, even Yu Minhong sighed to himself.
With the start-up capital, he prepared to build Wuhan New Oriental Branch, achieved great results, and then rose step by step in the workplace
Due to his outstanding performance in his work and his own hard work, in 2002, Chen Xiangdong was selected by New Oriental to build Wuhan New Oriental Branch, and when he left, Yu Minhong gave him 300,000 yuan, and had high expectations for him, hoping that he could open up a new world in Wuhan. In just one year, the annual profit of Wuhan New Oriental School reached 15 million, accounting for a quarter of the total profit of the entire group. In 2006, Chen Xiangdong was promoted to senior vice president of New Oriental Education and Technology Group, and in 2010, he was promoted to executive president of the group, assisting Chairman and CEO Yu Minhong, responsible for the overall management of the group, and became a veritable second-in-command of New Oriental.
Leave New Oriental and start an online education institution
In January 2014, Chen Xiangdong, who had served as the CEO of New Oriental for many years, decided to resign and start his own business, and in June of that year, he founded the "Learn from Who" educational institution, which was listed in the United States in 2019 and later renamed Gaotu Group, as written at the beginning of the article.
It is not difficult to see from Chen Xiangdong's work experience that he can come to this height and the platform of New Oriental is inseparable, it can be said that it is New Oriental that has made him who he is today, and later talked about his work experience in New Oriental, he also said frankly: "I feel very lucky to be able to join New Oriental at that time." Of course, Chen Xiangdong's achievements today are not only based on the platform, his personal ability and diligence are also indispensable factors, and the two sides can be said to achieve each other.
What Yu Minhong said should have a certain factual basis
So back to what Yu Minhong said in the video, whether Chen Xiangdong uses New Oriental's resources and poachs his people, as the chairman of New Oriental, Yu Minhong must have a certain factual basis for saying these words. Chen Xiangdong used to be the executive president of New Oriental, and he has worked hard in New Oriental for many years, and he is in a high position all the year round, and it is inevitable that he will take away some of New Oriental's resources and contacts when he goes out to start a business, so there should be no big problem for Yu Minhong to say this. At the beginning of the recent small essay incident, there was also a scandal of Gaotu digging Dong Yuhui, and it is very common in the workplace of all walks of life to dig each other's corners among peers, not to mention a large listed company like New Oriental, even if it is a small company of thousands of people, this is also commonplace.
New Oriental's internal management chaos shapes and achieves its opponents
Speaking of New Oriental, over the years, there have been big guys leaving there to start their own businesses, and its internal management has also been criticized by some old people of New Oriental, from the earliest New Oriental co-founder Xu Xiaoping, to the first generation of Internet celebrity Luo Yonghao, and then to the latest Dong Yuhui, which seems to confirm this internal chaos, and also shows that this is not groundless. This internal contradiction has led to a large exodus of talented people, which has indirectly shaped its competitors, and although Yu Minhong has repeatedly proposed to let those who are mediocre, troublemakers, only flattering and unable to work, it does not seem to have made much difference. On the contrary, recently, because of the small composition turmoil, Yu Minhong was pushed to the forefront, and he gave his competitor Gaotu a wave of wealth, presumably Chen Xiangdong's Gaotu had to wake up laughing in bed during that time.
Comment on it
How can you tell who is right and who is wrong in the workplace, the platform can achieve a person, it must be because this person is worthy of being achieved, there is no one who owes whom on both sides, and Yu Minhong accused Chen Xiangdong, but it is just to show the benefits of a momentary tongue, "The world is bustling, all are for profit, and the world is bustling, all for profit", everything cannot be avoided by a good word, this is an eternal truth.
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