Chapter 351: Board meeting at Scarlet HQ part-1
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For a while, silence ensued in the boardroom. They thought that Wil was going to announce something. But instead, as he asked about the problems the company is facing on, they were taken aback, thinking that Wil might have caught onto something.
"Hmm, what happened?" Wil was also surprised by their reactions. "Why everyone is silent? I asked you to tell me the problems the company is facing right now."
Storm who is acting as the current CEO of the company immediately replied, "Everything is being taken care of, young master. There's nothing for you to worry about."
Wil didn't find anything amiss and stated his opinion, "Of course, I believe in your capabilities but I need to know how the company works if I'm going to work as the Chairman. If everything is solved, then, tell me what problems the company faced and how you guys resolved it."
It was only after hearing these words did everyone sigh in relief.
"Well, uh… for a while, the company's revenue doesn't seem good as before as the total number of employees was cut into half." Storm diverted Wil by pointing another problem.
"Continue…" Wil's face turned serious as he was the one that took the decision.
Storm continued, "Regarding one of our subsidiary companies, SGC, we had to rent studio apartment buildings to temporarily open the branches in nine cities as you ordered.
Along with that, following your orders, we installed an A-grade capsule in those offices one per employee so that they play War Online for the young master.
Each capsule costs 200 thousand credits which is equivalent to 20000 WD (western dollars). Just buying those alone cost 50 million dollars for the company.
Along with that, each of them was given a salary of 10000 EY (Eastern Yuan) per month which is otherwise, 5000 WD.
The salaries, the rental costs, accommodation for employees, enormous electricity bill… as such, the parent company had to pay for SGC even though its revenue stands at 0.
Director Long had mentioned that SGC still might take a couple of months before it started to generate profits.
Adding on top of that, due to the less staff and elites, several branches weren't able to take the missions like before, which resulted in fewer earnings. To meet the demands of the clients, a few days ago, we started recruiting people, mostly from martial arts and sports clubs.
We are also in talks with other smaller security agencies to take over their company and merge into ours."
In reality, the issue mentioned by Storm isn't even an issue to Wil. After all, Scarlet group is a twenty-billion-dollar company where everything was owned by a single person.
So, none of the directors in the company need to worry either about the share value or shareholders… The costs weren't much for Wil who had around 50 billion dollars in his private account of Federation Bank and another hundred billion dollars in his father's locked account.
Just the monthly interest from the Bank of Federation will cover all these losses.
However, Wil didn't know that the real issue they were hiding in the lawsuit with the largest electronics company in the world, Texel Electronics.
The problem arose three weeks ago when Storm became the CEO.
With Storm's permission, Scarlet Finance, one of the subsidiary companies of Scarlet Group, had issued a high-interest loan of six billion dollars to a bank to save it from being bankrupt.
But, he didn't expect the bank owner would immediately transfer eighty percent of it to an IT giant Texel Group to repay the debts before committing suicide.
The bank owner's family and one billion dollars are nowhere to be found while the bank went bankrupt. The Scarlet Group filed a case against Texel and it is going for three weeks now. The police are still investigating the whereabouts of the missing family and money.
Six billion dollars isn't a small sum of money even for Wil much less for these directors.
The amount was so big that it made even a forever loyal person like Storm hide the matter from Wil and Silver.
As Silver was heavily focusing on running the non-combat guild in the game, he didn't know of it, yet. Storm was too embarrassed to tell Silver.
To recover the losses, Storm didn't even hesitate to transfer the billion dollars he received from the will into the company's account.
At the same time, he also accepted some illegal jobs like smuggling weapons from the eastern continent to the other mafia groups in the western continent.
Using several private teams full of Elites from the Vulture gang who were loyal to him, he was also extorting money from several rich businessmen using life threats or kidnappings.
Wil thought that he would be able to make every thug and killer of his father's Vulture gang live a normal life that isn't filled with crime. However, he was too naïve to think that they can be changed so quickly just because they followed him.
However, now that Storm is the one that's doing business, these former thugs selected by him were working even more enthusiastically than in the past they missed such life.
Despite all of it, Storm still knew that it will take a while to recover such a huge amount of money.
So, until then, he intended to keep Wil in the dark. He even threatened the board members to stay silent.
As the left hand of the late Mafia, this top assassin of the Vulture gang was indeed feared by the directors. So, they kept their lips sealed.
Wil, who was oblivious to everything, thought that Storm was worrying too much regarding SGC.
With a smile on his face, Wil tried to reassure him. "Don't worry. SGC will soon start earning profits. I've already laid the groundwork in the game. All we had is to just wait until the right time.
Anyway, is there anything else I would like to know?"
Storm shook his head in a hurry, "no, Young master. As I have said earlier, everything is being handled great."
"Good." Wil nodded and then, looked at the other board members. Just as he about to say something, one of the directors said, "Young master… I mean, Mr. Chairman, I want to say something."
Wil looked at the woman. It's Maria, who took care of him the last time he visited the company. Meanwhile, a frown appeared on Storm's face. Right now, in the situation, he doesn't want anyone to even open their mouths. As a guilty party, he couldn't help but be alert every time, even more so in the presence of Wil.
"Yes, please proceed…" Wil said to her.
Maria then voiced her opinion, "As for June 2020, our Scarlet Group's current net worth stands at 23.2 billion dollars if we include all of five subsidiary companies under us.
Scarlet Securities was operating in 58 cities in the Eastern Continent so far. Along with that, our subsidiary company, Scarlet Finance has 46 branches; Scarlet Training center is established in 21 cities; Scarlet Life Insurance has almost reached 62 cities and 288 towns; 12 branches of Scarlet Logistics; Five branches of Scarlet Mortgage;
What I want to say is that despite all of this, our company still isn't a match for giant corporations like Texel, Star, Numerical, etc… I think it's time for us to go public for the bright future of our company. I request you to please consider it before making the decision."
Wil stayed silent while processing all the information in his brain.
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For a while, silence ensued in the boardroom. They thought that Wil was going to announce something. But instead, as he asked about the problems the company is facing on, they were taken aback, thinking that Wil might have caught onto something.
"Hmm, what happened?" Wil was also surprised by their reactions. "Why everyone is silent? I asked you to tell me the problems the company is facing right now."
Storm who is acting as the current CEO of the company immediately replied, "Everything is being taken care of, young master. There's nothing for you to worry about."
Wil didn't find anything amiss and stated his opinion, "Of course, I believe in your capabilities but I need to know how the company works if I'm going to work as the Chairman. If everything is solved, then, tell me what problems the company faced and how you guys resolved it."
It was only after hearing these words did everyone sigh in relief.
"Well, uh… for a while, the company's revenue doesn't seem good as before as the total number of employees was cut into half." Storm diverted Wil by pointing another problem.
"Continue…" Wil's face turned serious as he was the one that took the decision.
Storm continued, "Regarding one of our subsidiary companies, SGC, we had to rent studio apartment buildings to temporarily open the branches in nine cities as you ordered.
Along with that, following your orders, we installed an A-grade capsule in those offices one per employee so that they play War Online for the young master.
Each capsule costs 200 thousand credits which is equivalent to 20000 WD (western dollars). Just buying those alone cost 50 million dollars for the company.
Along with that, each of them was given a salary of 10000 EY (Eastern Yuan) per month which is otherwise, 5000 WD.
The salaries, the rental costs, accommodation for employees, enormous electricity bill… as such, the parent company had to pay for SGC even though its revenue stands at 0.
Director Long had mentioned that SGC still might take a couple of months before it started to generate profits.
Adding on top of that, due to the less staff and elites, several branches weren't able to take the missions like before, which resulted in fewer earnings. To meet the demands of the clients, a few days ago, we started recruiting people, mostly from martial arts and sports clubs.
We are also in talks with other smaller security agencies to take over their company and merge into ours."
In reality, the issue mentioned by Storm isn't even an issue to Wil. After all, Scarlet group is a twenty-billion-dollar company where everything was owned by a single person.
So, none of the directors in the company need to worry either about the share value or shareholders… The costs weren't much for Wil who had around 50 billion dollars in his private account of Federation Bank and another hundred billion dollars in his father's locked account.
Just the monthly interest from the Bank of Federation will cover all these losses.
However, Wil didn't know that the real issue they were hiding in the lawsuit with the largest electronics company in the world, Texel Electronics.
The problem arose three weeks ago when Storm became the CEO.
With Storm's permission, Scarlet Finance, one of the subsidiary companies of Scarlet Group, had issued a high-interest loan of six billion dollars to a bank to save it from being bankrupt.
But, he didn't expect the bank owner would immediately transfer eighty percent of it to an IT giant Texel Group to repay the debts before committing suicide.
The bank owner's family and one billion dollars are nowhere to be found while the bank went bankrupt. The Scarlet Group filed a case against Texel and it is going for three weeks now. The police are still investigating the whereabouts of the missing family and money.
Six billion dollars isn't a small sum of money even for Wil much less for these directors.
The amount was so big that it made even a forever loyal person like Storm hide the matter from Wil and Silver.
As Silver was heavily focusing on running the non-combat guild in the game, he didn't know of it, yet. Storm was too embarrassed to tell Silver.
To recover the losses, Storm didn't even hesitate to transfer the billion dollars he received from the will into the company's account.
At the same time, he also accepted some illegal jobs like smuggling weapons from the eastern continent to the other mafia groups in the western continent.
Using several private teams full of Elites from the Vulture gang who were loyal to him, he was also extorting money from several rich businessmen using life threats or kidnappings.
Wil thought that he would be able to make every thug and killer of his father's Vulture gang live a normal life that isn't filled with crime. However, he was too naïve to think that they can be changed so quickly just because they followed him.
However, now that Storm is the one that's doing business, these former thugs selected by him were working even more enthusiastically than in the past they missed such life.
Despite all of it, Storm still knew that it will take a while to recover such a huge amount of money.
So, until then, he intended to keep Wil in the dark. He even threatened the board members to stay silent.
As the left hand of the late Mafia, this top assassin of the Vulture gang was indeed feared by the directors. So, they kept their lips sealed.
Wil, who was oblivious to everything, thought that Storm was worrying too much regarding SGC.
With a smile on his face, Wil tried to reassure him. "Don't worry. SGC will soon start earning profits. I've already laid the groundwork in the game. All we had is to just wait until the right time.
Anyway, is there anything else I would like to know?"
Storm shook his head in a hurry, "no, Young master. As I have said earlier, everything is being handled great."
"Good." Wil nodded and then, looked at the other board members. Just as he about to say something, one of the directors said, "Young master… I mean, Mr. Chairman, I want to say something."
Wil looked at the woman. It's Maria, who took care of him the last time he visited the company. Meanwhile, a frown appeared on Storm's face. Right now, in the situation, he doesn't want anyone to even open their mouths. As a guilty party, he couldn't help but be alert every time, even more so in the presence of Wil.
"Yes, please proceed…" Wil said to her.
Maria then voiced her opinion, "As for June 2020, our Scarlet Group's current net worth stands at 23.2 billion dollars if we include all of five subsidiary companies under us.
Scarlet Securities was operating in 58 cities in the Eastern Continent so far. Along with that, our subsidiary company, Scarlet Finance has 46 branches; Scarlet Training center is established in 21 cities; Scarlet Life Insurance has almost reached 62 cities and 288 towns; 12 branches of Scarlet Logistics; Five branches of Scarlet Mortgage;
What I want to say is that despite all of this, our company still isn't a match for giant corporations like Texel, Star, Numerical, etc… I think it's time for us to go public for the bright future of our company. I request you to please consider it before making the decision."
Wil stayed silent while processing all the information in his brain.
For a while, silence ensued in the boardroom. They thought that Wil was going to announce something. But instead, as he asked about the problems the company is facing on, they were taken aback, thinking that Wil might have caught onto something. "Hmm, what happened?" Wil was also surprised by their reactions. "Why everyone is silent? I asked you to tell me the problems the company is facing right now."Storm who is acting as the current CEO of the company immediately replied, "Everything is being taken care of, young master. There's nothing for you to worry about."Wil didn't find anything amiss and stated his opinion, "Of course, I believe in your capabilities but I need to know how the company works if I'm going to work as the Chairman. If everything is solved, then, tell me what problems the company faced and how you guys resolved it."It was only after hearing these words did everyone sigh in relief."Well, uh for a while, the company's revenue doesn't seem good as before as the total number of employees was cut into half." Storm diverted Wil by pointing another problem. "Continue" Wil's face turned serious as he was the one that took the decision.Storm continued, "Regarding one of our subsidiary companies, SGC, we had to rent studio apartment buildings to temporarily open the branches in nine cities as you ordered.Along with that, following your orders, we installed an A-grade capsule in those offices one per employee so that they play War Online for the young master.Each capsule costs 200 thousand credits which is equivalent to 20000 WD western dollars. Just buying those alone cost 50 million dollars for the company.Along with that, each of them was given a salary of 10000 EY Eastern Yuan per month which is otherwise, 5000 WD.The salaries, the rental costs, accommodation for employees, enormous electricity bill as such, the parent company had to pay for SGC even though its revenue stands at 0.Director Long had mentioned that SGC still might take a couple of months before it started to generate profits.Adding on top of that, due to the less staff and elites, several branches weren't able to take the missions like before, which resulted in fewer earnings. To meet the demands of the clients, a few days ago, we started recruiting people, mostly from martial arts and sports clubs.We are also in talks with other smaller security agencies to take over their company and merge into ours."In reality, the issue mentioned by Storm isn't even an issue to Wil. After all, Scarlet group is a twenty-billion-dollar company where everything was owned by a single person.So, none of the directors in the company need to worry either about the share value or shareholders The costs weren't much for Wil who had around 50 billion dollars in his private account of Federation Bank and another hundred billion dollars in his father's locked account.Just the monthly interest from the Bank of Federation will cover all these losses.However, Wil didn't know that the real issue they were hiding in the lawsuit with the largest electronics company in the world, Texel Electronics.The problem arose three weeks ago when Storm became the CEO.With Storm's permission, Scarlet Finance, one of the subsidiary companies of Scarlet Group, had issued a high-interest loan of six billion dollars to a bank to save it from being bankrupt.But, he didn't expect the bank owner would immediately transfer eighty percent of it to an IT giant Texel Group to repay the debts before committing suicide.The bank owner's family and one billion dollars are nowhere to be found while the bank went bankrupt. The Scarlet Group filed a case against Texel and it is going for three weeks now. The police are still investigating the whereabouts of the missing family and money.Six billion dollars isn't a small sum of money even for Wil much less for these directors.The amount was so big that it made even a forever loyal person like Storm hide the matter from Wil and Silver. As Silver was heavily focusing on running the non-combat guild in the game, he didn't know of it, yet. Storm was too embarrassed to tell Silver.To recover the losses, Storm didn't even hesitate to transfer the billion dollars he received from the will into the company's account.At the same time, he also accepted some illegal jobs like smuggling weapons from the eastern continent to the other mafia groups in the western continent. Using several private teams full of Elites from the Vulture gang who were loyal to him, he was also extorting money from several rich businessmen using life threats or kidnappings.Wil thought that he would be able to make every thug and killer of his father's Vulture gang live a normal life that isn't filled with crime. However, he was too nave to think that they can be changed so quickly just because they followed him.However, now that Storm is the one that's doing business, these former thugs selected by him were working even more enthusiastically than in the past they missed such life.Despite all of it, Storm still knew that it will take a while to recover such a huge amount of money.So, until then, he intended to keep Wil in the dark. He even threatened the board members to stay silent.As the left hand of the late Mafia, this top assassin of the Vulture gang was indeed feared by the directors. So, they kept their lips sealed.Wil, who was oblivious to everything, thought that Storm was worrying too much regarding SGC.With a smile on his face, Wil tried to reassure him. "Don't worry. SGC will soon start earning profits. I've already laid the groundwork in the game. All we had is to just wait until the right time.Anyway, is there anything else I would like to know?"Storm shook his head in a hurry, "no, Young master. As I have said earlier, everything is being handled great.""Good." Wil nodded and then, looked at the other board members. Just as he about to say something, one of the directors said, "Young master I mean, Mr. Chairman, I want to say something."Wil looked at the woman. It's Maria, who took care of him the last time he visited the company. Meanwhile, a frown appeared on Storm's face. Right now, in the situation, he doesn't want anyone to even open their mouths. As a guilty party, he couldn't help but be alert every time, even more so in the presence of Wil."Yes, please proceed" Wil said to her. Maria then voiced her opinion, "As for June 2020, our Scarlet Group's current net worth stands at 23.2 billion dollars if we include all of five subsidiary companies under us.Scarlet Securities was operating in 58 cities in the Eastern Continent so far. Along with that, our subsidiary company, Scarlet Finance has 46 branches; Scarlet Training center is established in 21 cities; Scarlet Life Insurance has almost reached 62 cities and 288 towns; 12 branches of Scarlet Logistics; Five branches of Scarlet Mortgage;What I want to say is that despite all of this, our company still isn't a match for giant corporations like Texel, Star, Numerical, etc I think it's time for us to go public for the bright future of our company. I request you to please consider it before making the decision."Wil stayed silent while processing all the information in his brain.
