How can we question the English proficiency of our Chinese college students?
A few days ago, the listed company Fellinger (603226. SH), planning to hire a new financial director.
As a result, when the appointment was voted on at the meeting, the German chairman Jürgen Vöhringer voted against it.
An important reason for a German boss to be dissatisfied with the new Chinese financial recruits is:
She doesn't speak English.
Some people may be curious, why did a German be the chairman of our A-share listed company?
This is because Fellinger is a Sino-foreign joint venture, and the brand claims to be the "century-old number" of the Fellinger family in Baden-Württemberg, Germany, and opened the semicolon to us in the 90s.
The current chairman, Jurgen Fillinger, who is 65 years old this year, also serves as executive director of the German company in which he holds a stake.
Judging from the surname, it should also be a lineage of their Lao Fei family.
This time, when it came to the issue of hiring the chief financial officer, Chairman Lao Jurgen said that he had many inconveniences in language communication with the management in the past:
The new treasurer did not speak English, and the two could not communicate directly verbally.
In addition to the language barrier, the old Jurgen also couldn't figure out the background of the new financial manager, and felt that with the company's current business situation, he should not spend unjustly money to hire executives outside.
During the vote, a director named Lu Xiao abstained from voting, except that the language barrier did not exist, and the reason was basically similar to that of the chairman.
Sky looked at the resume of the announcement, the new financial director Zhu Yonghong really has never been a financial director, and the bigwigs muttered, but it is reasonable.
But this financial director was born in 1988 and has a serious bachelor's degree in accounting, so it is estimated that he must have taken the college entrance examination around 2007.
You are a German, you can question the overall business ability of finance, how can you question the English level of our Chinese college students?
It is suggested that Xincai always go back and look through it, take out his college entrance examination transcript and fourth and sixth grade certificates, and slam them back.
Like this kind of words, Sky feels that old Jurgen will not say much in the future, although you are the chairman of an A-share listed company, your understanding of the market is still too shallow.
This is also the stock speculation big V Hu Xijin doesn't like to read financial reports, otherwise he will hang you on Weibo in minutes.
The left sentence "Why don't you speak Chinese when you are listed in China?" Right sentence:
Lao Hu felt that the chairman could speak Chinese, which was more important than the financial association's ability to speak English.
Netizens will coax together again, and review your words on Facebook and ins one by one, and when the time comes:
Whether the hundred-year-old plaque of your family can be preserved, it is estimated that it will be hanging.
Ski looked at it, in Fellinger's 2023 annual report, almost all of the company's main business is in China, and foreign regions are blank.
Under this kind of business structure, it is necessary to require the chief financial officer to be proficient in English and talk and laugh with foreigners, which is probably a bit nitpicky.
But if you want to say that the German chairman Lao Jurgen is deliberately looking for awkwardness, there is also a question mark here.
A few days ago, Fillinger held a board meeting and put 22 motions on the table, and half of them were against or abstained.
Eleven volumes of dissent, with the name of his old Jurgen or Lu Xiao.
In doing so, it almost puts the company's management discord and management differences on the table.
The most outrageous thing here is that the chairman personally voted against his company's financial report, whether it was last year's financial report or this year's quarterly report, the chairman has both hands:
Truthfulness, accuracy, or completeness cannot be guaranteed.
Our market supervision has never rubbed sand in our eyes, not to mention that the chairman personally came forward to pick up his company's pants, and the supervision has to be asked without asking.
When the news came out, the regulatory inquiry letter asking Fillinger to explain the situation and explain the suspicious points arrived on the back foot.
Skihski took a look at it, Felllinger's total revenue in 2023 will decrease by about a quarter year-on-year, and the net profit attributable to the parent company will turn from profit to loss year-on-year, losing more than 24 million.
In the first quarter of this year, the company's losses continued, with one-third of the year's revenue falling year-on-year, and the net profit attributable to the parent company lost nearly 12 million.
The transaction lost money, but in the board of directors, Lao Jurgen and Lu Xiao were in a hurry, and used the opposition votes as the board, and they were drawn down to the management.
For example, they criticized President Liu Dunyin by name, saying that the company's poor management and unsightly performance in recent years were due to mistakes in management, and the president needed to bear the main responsibility.
For example, they pointed out that the prices of the projects under the company were inflated, cutting corners, and the accounts were chaotic, and they were unaware of it internally, and in the end, it was discovered with the help of PricewaterhouseCoopers.
The elder Jurgen was also dissatisfied with the INEDs, complaining that they were not in a vegetarian position, perfunctory, did not have a comprehensive understanding of the company, and did not have a thorough understanding of the problems.
Although Chairman Lao Jurgen and Director Lu Xiao had a lot of opinions, Fillinger's 22 proposals, including the new appointment of the chief financial officer, were finally passed, because:
There were a total of 5 members of the board of directors.
So you say, what's the point of being the chairman of a public company?
People sit in German homes, government decrees do not go out of Württemberg, the general financial report cannot be understood, and the right of opinion should be deaf to the wind.
It's better to go fishing on the Rhine and hunt on the edge of the Black Forest.
In fact, old Jurgen has been doing a long time in the position of chairman of Fillinger, like a pins and needles.
At the end of October 2023, Fellinger held a board meeting and elected the elder Jurgen as the sixth chairman.
Jurgen Sr. has been on the board of directors since 2008 and has been chairman four times, and he was re-elected three times before this election.
An old German man, who traveled thousands of miles, guarded the plaque of the branch of the old overseas store, and worked diligently for more than ten years.
It seems that the position of chairman cannot be done.
So when the vote was taken, old Jurgen abstained from voting, saying that it would be another high-minded person, which was really not modest, mainly:
Based on my age and the company's talent echelon construction.
But the board of directors decided, and four out of five voted for him to be chairman.
So old Jurgen should also wonder, why is he, an old German man, being put on the Shanghai Stock Exchange endlessly?
In fact, from the perspective of equity relationship, although Fillinger's "German Old" holds 29.04% of the shares, the actual controller of the company is a Singaporean boss named Ding Furu.
In the board of directors, every time Lao Jurgen serves as the chairman, the actual controller Boss Ding will hang a deputy position and be willing to be a green leaf.
In fact, the German brand Fillinger was able to enter China, mainly because of his relationship with Boss Ding.
In 1995, Singapore's sole proprietorship New Development Vacuum Products Co., Ltd. was established in Shanghai, and Boss Ding was the chairman of the company.
Three years later, the company transformed its business and entered the wood flooring industry, and happened to meet this old German brand specializing in wood art.
It is a sleepy person who handed a pillow, and the two sides hit it off and partnered to do it.
In the brand story of Fillinger, the ancestors of the old Fei family, the brothers, who soaked in the Black Forest in Germany since childhood, were able to sharpen the violin by hand at the age of 12, and their talent is unparalleled.
Yao Qi said that they have a time-honored brand in Germany for a hundred years, and they can boast of a long history, how dare they.
It is suggested that old Jurgen should read more books in his spare time, especially books on Chinese culture, and the advantages of Singaporeans with the same language and species in this regard will be revealed.
Your German sociologist, Max Weber, has done a good job of putting forward a "theory of limited bureaucracy," to the effect that:
As soon as the courtyard wall of this palace gate is removed, the effectiveness of the supreme authority begins to be greatly reduced.
The cause is the company's business, and the interests are their own interests.
"The royal power stops at the county government", this has been a social issue that has existed for thousands of years.