Due to the inauguration of the current chairman on August 10th, the disappointing NVC lighting core supplier announced that it would stop supplying to NVC, and there were many news of high-level resignation within the company. Xu Fengyun’s public resignation letter on the 14th confirmed the rumors of the resurgence of executive resignation.
Xu Fengyun, vice president of NVC Lighting, told the media today that he had submitted his resignation report to the company's board of directors and resigned from his duties including vice president, chief operating officer of the market management system, and chief operating officer of the large project system. He said he was desperate for the company's board of directors. Xu Fengyun said in his resignation report that "it is extremely disappointing about the company's recent events. It is desperate for the company's board of directors to handle the relevant methods and methods, and does not see any hope for the company's future development."
The delay in the event has not only stirred up the confidence of the executives, but the uneasiness is like a cloud with the supplier. A supplier of Zhou surnamed the heart of anxiety, the current situation makes them feel awkward about the future of NVC, if NVC lighting losses, their interests will be difficult to protect. Large and small suppliers, small tens of thousands of dollars, large tens of millions of dollars, the only thing they can do is not to continue to supply, otherwise it will sink deeper and deeper.
Nearly 90% of suppliers have stopped supplying the NVC factory into a “broken†situation, and the factory is likely to be shut down again within two to three days. At the time of the resignation of the executives, the risk of becoming a "empty shell" is constantly increasing. Insiders worry that the hope of Wu Changjiang's return is decreasing. If Wu Changjiang can't return to NVC, the supplier will stop supplying, the dealer will stop placing orders, and the management personnel will be lost. In this way, NVC will become an empty shell.
The negative effects brought by NVC's internal fighting accelerated, and the arrival of the peak season did not improve the company's performance. The sales of 300-500 million in the previous month no longer existed, and replaced by less than 100 million sales. The damaged NVC is sliding to the edge of danger. The insiders revealed that Schneider, the third largest shareholder, has remained silent and calm. He has been angering, Wu Changjiang is not willing to bow, not to exclude Schneider from taking profits, and eventually the NVC is in the bag.
NVC is essentially a battle between founders and investors. NVC is not the first case, but it is definitely the most typical case. In the future, private companies may have to think more about the introduction of investors. The recent exchange of fire between the investors and the founders of Wu Changjiang is undoubtedly the best interpretation of NVC.
When it comes to entrepreneurs and investors, he said that it is not normal for the two to always have the same interests. 80% of the time is consistent, 20% is inconsistent, and conflict is a normal situation, but the resolution of this conflict is an important driving force for the healthy growth of a startup.
He compared the two and bombarded the entrepreneurs. Most of the entrepreneurs lack experience, most of the investors are experienced; most of the entrepreneurs have limited knowledge, most of the investors are knowledgeable; entrepreneurs are mostly individual heroism, investors emphasize institutional arrangements and transparent management; entrepreneurs are successful The definition is more related to personal reputation, and investors are more concerned about the rise and fall of the enterprise.
This statement came out and stirred up thousands of waves. On the evening, Wu Changjiang forwarded Weibo and countered that Wei Lili was a picture, calling on the whole society to care for and support entrepreneurs. A person who cannot respect others must not be respected! It’s not a hero to be a short-term judge, even if the entrepreneur is in the early stage of the business for personal gain, it’s understandable, but if you are still on the road to entrepreneurship for five or eight years, the profitable capitalist will never have an entrepreneur. The great ambition and social responsibility of the body.
Although the author is saddened by the fact that the conflict between the founder and the investor cannot be peacefully and win-win, investors should not ignore the influence of the founder when emphasizing the rich experience of corporate governance, and fully consider the founder relationship in investment decision-making. In the quagmire, there are not only NVC, but also investors themselves. The relationship between the founder and the investor should be like a marriage relationship. There are more contacts before marriage. If the rules are not the same, the two sides will be caught in a long-term tug-of-war.
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