Lin Wanqing hesitated and immediately refuted:
"That's not what I meant! Of course the strategy must be implemented, but execution requires methods, rhythm, and more importantly, the acceptance of the external environment!
We cannot formulate strategies behind closed doors and expect everyone outside to cooperate unconditionally!
Especially banks, they are creditors and they have the right to assess risks!
The way we are doing it now is to create artificial risks and push ourselves into a corner!"
"Who is creating the risk?"
Zhao Chen's voice suddenly turned cold,
"Is he the one who, in order to conceal the true level of debt, continued to hollow out the company through complicated Related Party Transaction and Off-Balance Sheet Platform, leaving behind three billion Black Hole?
Or the same person who is now trying to right the wrong, Bone Scraping and Toxin Removal?"
What he said was very serious. Although he didn't name him by name, he first pointed at Lin Wanqing's most fatal weakness - Off-Balance Sheet Liabilities.
Lin Wanqing's face paled for a moment, but he recovered immediately and his voice became even sharper:
"Chairman Zhao! Please pay attention to your words! Off-Balance Sheet Liabilities is Historical Issue, and Finance Department is already doing its best to clean up according to Board of Directors's request last time! Even at the expense of...
I don't hesitate to fall out with Cooperator, I have to complete the task! You can go and check the accounts. If there are any violations, I, Lin Wanqing, will resign immediately!
But the problem now is the bank's loan renewal! It's Survival Crisis in front of you! Don't change the subject!"
"In front of you?" Zhao Chen sneered,
"If we continue the past unsustainable model of high leverage, high debt, and hidden risks in order to cope with the current loan renewals, that will be a real existential crisis!
The banks are worried today because we want to transform, but tomorrow they will withdraw loans because we are experiencing a storm! Which is more important?"
Seeing the two of them facing each other, the smell of gunpowder was so strong that the people below couldn't sit still.
A vice president responsible for financing under Lin Wanqing immediately expressed his support:
"Mr. Lin is right! Water from afar cannot quench the thirst of the near! Now if the loan cannot be renewed and wages cannot be paid, Suppliers will come to the door, and the stock price will Too Big to Fail immediately! What is the point of talking about the long term?"
Zhang Qingxue A newly promoted Strategic Planning General Manager immediately refuted:
"Drinking poison to quench thirst is a dead end! It is precisely because of the past reliance on banks and the unsustainable model that we are experiencing today's pain!
Now is the time to show our determination to reshape the image of the capital market!
We should take this opportunity to optimize the financing structure and get rid of over-reliance on a few banks!"
Another veteran official of Lin Faction slapped the table:
"Optimization? That's nice to say! Where's the money? Where are the new financing channels? How can we fill the 1.8 billion hole in a few days? Can you Strategy Department generate money?"
A young backbone of the Capital Operations Department promoted by Zhao Chen immediately pushed back:
"Funding problems need to be solved systematically, not to create panic here! Director Lin As the financial person in charge, don't you only have the responsibility to complain and not have the obligation to propose solutions?
In addition to saying that the bank will not give the money, where is Finance Department's emergency Contingency Plan? Where is the alternative?"
"What do you know? You kid! Banking relationships have been accumulated for more than ten years, so you can change them at any time? How easy is it to rebuild market confidence?"
"It is precisely because of this kind of complacency that the company is unable to recover! If it does not dare to bear the pain of transformation, it can only wait for chronic death!"
Meeting Room suddenly became a quarrel. The two camps were clearly divided and they attacked each other and spoke fiercely.
The original Executive Meeting discussion has almost turned into a battlefield for factional fighting. The noise has almost lifted the roof.
Su Wantang frowned, Chen Xi quickly recorded everyone's position and remarks.
Zhang Qingxue's face is getting colder and colder.
"Enough!"
A low shout, not very loud, but with unquestionable majesty, instantly overwhelmed all the arguments.
Zhao Chen stood up.
He stood tall and tall, standing in the main position, his eyes slowly scanning every face that was either excited, angry, or frightened.
Everyone who was touched by his gaze unconsciously became quiet.
"Can the quarrel bring money? Or can the quarrel bring about strategic consensus?" His voice was cold, with obvious disappointment.
He looked at both sides who were blushing and thick-necked, and finally his eyes fell on Lin Wanqing, whose face was ashen.
"Director Lin, it is a fact that the bank has encountered obstacles in renewing the loan.
But this fact should not be a reason to shake the company's fundamental strategy, nor should it be an excuse for internal accusations and shirking of responsibilities!"
His tone was stern,
"Finance Department, Capital Center, your first responsibility is to ensure the safety of the company's funds.
When encountering difficulties, what you should do is come up with a professional response plan, not spread panic here, let alone blame the company strategy for the problem!"
Lin Wanqing wanted to argue, but Zhao Chen raised her hand to stop her.
"The establishment of Special Task Force. Zhang Qingxue is the general leader, Lin Wanqing director, Strategy Department, Board Office, all involved. Three days, I only give three days."
Zhao Chen doesn't speak fast, but every word is like a hammer.
"I want to see the detailed debt maturity list, each bank's communication records and core demands, our negotiation strategy and bottom line, and--
Worst-case emergency Contingency Plan and Alternative Financing Channels solutions! What I want is a solution, not a problem statement!"