For private enterprises, the issue of successors is a top priority. The Shuanghui that we are familiar with "selling ham sausage" is a large company with a brand market value of more than 70 billion. In recent years, father and son have turned against each other, and brothers have feuded. The excitement is comparable to the succession of ancient thrones, and the melon-eating public is lucky enough to appreciate it. A lose-lose palace battle between wealthy families.
The God-like Father
Since it is a palace battle drama, there must be an emperor who holds the power and speaks the truth. Bandung , chairman and CEO of Shuanghui Group , plays the role of emperor in this drama.
Wan Long was born in Luohe, Henan in 1940. He enlisted in the army and became a railway soldier before graduating from high school. After being demobilized at the age of 28, he joined the Luohe Meat Factory, starting as a clerk and gradually becoming the office director and deputy director. In July 1984, the Luohe Municipal Government implemented a contracting system for the company's meat joint factory. Taking advantage of the policy, Wan Long was elected as the director of the factory.
htmlWhen the 144-year-old took over the meat factory, the factory had suffered losses for many years and was also burdened with millions of dollars in debt. Under his proper management, Luohe Meat Factory quickly turned losses into profits. His abilities were recognized, won the hearts of the people and firmly secured his position as factory director.
The Shuanghui brand ham sausage that we are familiar with began to be officially produced in 1992. At that time, Wanlong named the brand "Shuanghui" with the product "bringing together high technology and new technology in today's world".
He was awarded the title of "Entrepreneur of the Year 2013 in China" in 2013. In September 2015, he became one of the 15 Chinese entrepreneurs who visited the United States. In 2018, he was selected as one of the "100 Outstanding Private Entrepreneurs in the 40 Years of Reform and Opening Up".
There is no doubt that Wanlong, who struggled to grow up in Shuanghui amid thorns and thorns, is worthy of his eldest son Wan Hongjian's "god-like father". This is a child's look up to his tall father. It can also be said that this is a son's expectation for his father.
However, we all know that "saints" are scarce after all. Time will eventually lift off the hazy veil and shining halo, revealing the true nature of things to people. "The god-like father" is a beautiful filter destined to be broken after deterioration.
The "Prince" was deposed after thirty years
On June 17, 2021, Shuanghui's "holding company" in Hong Kong, China WH Group suddenly issued an announcement saying: Wan Hongjian, the "eldest son" of Shuanghui founder Wan Long, has recently Inappropriate aggressive behavior on "Company property" removes the Executive Director, Vice Chairman of the Board of Directors, members of the Company's Environmental, Social and Governance Committee and Company's Food Safety Committee, and Group Vice President.
Obviously, this announcement is a public document deposing "Prince" Wan Hongjian, and was signed by Mr. Wan Long himself.
The "Prince" was deposed just for attacking the company's property! What is the difference between this and being deposed by breaking a flower in the imperial garden? While
feels that this announcement is full of drama and absurdity, it also makes people curious, what exactly did Wan Hongjian attack?
On July 16, Wan Hongjian accepted an interview with the media, talked about what happened, and revealed the answer to the question himself. He claimed that he had a dispute with his father, so he smashed his fists against the wall and banged his head against the glass cabinet to vent his anger.
Although his answer revealed the superficial reasons, people are still confused. What kind of dispute can make a person "smash his fist against the wall" or "bang his head against the glass"? And what kind of dispute would allow a father to remove his son from a management position in his own company?
Until two months later, late at night on August 17, the "wasted prince" Wan Hongjian launched a violent counterattack and published an article on the public account New Meat Industry with the title "Wan Hongjian: Father and Bandung in My Eyes", disclosed a large number of "insider information" about Bandung and Shuanghui. We can finally detect clues and piece together what caused this? What exactly has Wan Hongjian experienced?
Shuanghui founder Wan Long has two sons, the eldest son is named Wan Hongjian, and the younger son is named Wan Hongwei.
Wan Hongjian obeyed his father's request and started as a worker in the delicatessen workshop. He sat in the position of "Crown Prince" for thirty years. At the age of 52, he still has not been promoted.
But in the eyes of his biological father, Wan Long, chairman of Shuanghui, his eldest son Wan Hongjian is a traitor! Because in his opinion, all his son wanted was to seek power and usurp the throne.
When the father is old and the son is strong, how difficult is it? The power dispute between "Emperor" Wan Long and "Prince" Wan Hongjian is the core of this matter.
The trigger that led to Wan Hongjian’s outbreak was the selection of CEO, that is, the appointment of senior personnel.
Wan Hongjian said in his own words: "I hope that the CEO candidate will be virtuous and able to convince the public; he will have the comprehensive ability to control various businesses of Shuanghui. It is best to be able to stably span more than ten years and achieve a smooth transition of WH Group."
Of course, it cannot be said that it is wrong to think about the company in this way. However, he attracted the anger and curses of his father, Mr. Wanlong.
The reason why he is so angry is because Mr. Wanlong has already decided on the candidate for CEO, and that is Guo Lijun, who has always been by his side and loyal. Wan Hongjian, on the other hand, believes that Guo Lijun is proficient in finance, loyal and considerate, but does not understand the production, supply, sales, and research of Shuanghui. He caused tens of millions of dollars in losses to WH Group during his tenure, and is not worthy of a big responsibility.
In Mr. Wan Long’s view, Wan Hongjian’s interference in CEO personnel appointments and preventing people who are loyal to him from taking over is tantamount to trying to oust himself within the company. Fortunately, he had already been unhappy with this son a few years ago, and at the same time he was also deliberately raising a second son.
Mr. Wan Long’s second son Wan Hongwei, who is also Wan Hongjian’s younger brother, entered Shuanghui’s management one week after Wan Hongjian was appointed as the vice chairman and vice president of WH Group on August 14, 2018. He went further in his career and obtained the titles of director of Shuanghui Group and vice chairman of Shuanghui Development .
We need to know that at its peak, the market value of Shuanghui was higher than that of the two WH Group! In 2018, that is to say, four years ago, the invisible winner was actually decided. The reason why
Chairman Wan Long suddenly launched an attack was not because of the damaged company properties such as "walls" and "glass", but to clear the way for Wan Hongwei to ascend to the top.
Sure enough, on August 12, WH Group issued an announcement that Wan Long officially resigned as the company’s CEO and was replaced by professional manager Guo Lijun. Wan Long’s “second son” Wan Hongwei served as executive director.
Guo Lijun, who was deeply trusted by the old man, not only was not investigated and punished because of Wan Hongjian's advice, but she rose to power and continued to serve as Mr. Wan Long's eyes and mouth in the company. Wan Hongwei removed the title "vice" from his name and became the real executive director.
The Collapsed "Idol"
In Wan Hongjian's article, the first sentence reads, "Wanlong was once a god-like father in my eyes."
How many disappointments does the word "used to be" contain? We can't guess.
Wan Hongjian not only stated the reason for his dismissal in his writing, but also accused WH Group of being a money-making tool for his father Wanlong.
The article revealed that Wanlong, who was once praised as a "general with a servant's heart", turned the public into private, enriched himself at the expense of others, evaded taxes, and was even more chaotic in private ethics and had a despicable character!
In 2007, CDH Company, which participated in the restructuring of Shuanghui State-owned Enterprises, privately granted Bandung 5% of Shuanghui shares free of charge without giving any honest reason. Since both parties to the gift were unable or unwilling to disclose the inside story of the transaction, the 5% shares were directly sold to a company in Hong Kong. Mr. Wan Long, chairman of Shuanghui, privately received a consideration of US$200 million, which he deposited in DBS Bank in Hong Kong.
Fifteen years have passed since 2007, and this huge income has not been declared or taxed! It is undoubtedly tax evasion!
Coincidentally, ten years later, Wanlong used the successful acquisition of Smithfield as an excuse to reward himself with more than 5 billion Hong Kong dollars together with his secretary Shen Ruifang.At the same time, he put all the 350 million Wanzhou bonus shares originally promised to the management team into his own pocket, turning public affairs into private interests!
What’s more, last year, in 2021, in order to cater to Bandung’s own heavy-US strategy, Guo Lijun ignored the group’s strong opposition and forcibly raised the price of imported American hexapods to 5,000 yuan/ton.
Wan Hongjian said sadly: "Today, these expensive frozen meats are lying in Shuanghui's warehouse, becoming Shuanghui's huge potential losses , and a lot of money has floated from the Pacific to the United States of America."
This How can things not be regarded as fat and disadvantaged?
Since 2014, through projects such as factory renovation and cold storage construction, Shuanghui has flowed out nearly US$3.5 billion in foreign exchange to the United States!
The so-called older generation of entrepreneurs who have had troubles and difficulties have turned into national worms who will do anything for personal gain and exploit others!
In addition to these, as far as the family is concerned, Wanlong even lived with personal secretary Shen Ruifang for nearly 20 years. Wan Hongjian accused his father in the article, "He ruthlessly abandoned his mother alone in Luohe , and did not allow others to take her to Hong Kong."
Shen Ruifang was born in 1976 and was 45 years old in 2021. She was pawned by Wanlong Over nanny. If it is true that the couple lived together for nearly 20 years, then the female secretary Shen Ruifang lived with the 61-year-old man when she was 25 years old. According to rumors, when she divorced, she gave her ex-husband, who was a factory guard, a full 5 million. She definitely couldn't come up with that much money, so there was no need to say who provided the money.
It is said that Shen Ruifang gave birth to a little daughter to Wan Long. Her ex-husband’s surname is Zheng. She would usually call Wan Long grandpa. She is already 20 years old this year.
If the situation is true and Wan Long has not officially divorced Wan Hongjian's mother, then he is suspected of committing the de facto crime of bigamy and may face the risk of being prosecuted, even though he is octogenarian.
From "a god-like father" to "He is a god in Luohe and a god in our family. He is a capable, ruthless and evil man." Wan Hongjian's evaluation of his father has not changed at the same time. Change. Wanlong is still his "god" and "emperor", but he has changed from a "sage" to a fatuous "tyrant".
He openly accused his father: "From the company to the family, the bad things you did in the later period are as much as the good things you did in the early stage."
Shuanghui food safety issues were exposed again
Wan Hongjian said in an interview: "Wanlong once had a single hand He created this company, but his old and unchanging way of thinking and behavior has become the biggest obstacle to the development of the company." He also asked in the article: "Mr. Wanlong, who was wise in the past, is now confused. What happened? "
On March 15, 2022, Shuanghui food safety issues were exposed again. Shuanghui was on the hot search list early in the morning because of the chaos in the workshop, and became the focus of public opinion.
Jiangxi Metropolis Channel conducted an undercover investigation and filming of Nanchang Shuanghui Group, and the results were horrifying.
Nanchang Shuanghui Factory not only has many food hygiene problems such as bagging pork chops directly on the floor, using dirty water to wash towels to wipe pork, random disinfection, and the ineffective air shower system, but there are also evasion of outsourcing contracts in the personnel system Labor Law , asking newcomers to give up illegal activities such as , three insurances and one fund, .
Affected by this incident, Shuanghui Development's stock directly blocked and dropped to the limit of , falling 9.99%, with a market value of approximately 87.1 billion.
We don’t know whether Wanlong, who is over 80 years old and is stubborn and unchanging in the eyes of his own son, can still save Shuanghui from fire and water like he did after the clenbuterol incident in 2011.
Conclusion
Wan Hongjian promised in the middle of the article; "The glory of the past cannot be a shield for the current greed and mediocrity. I believe that amidst the shouts of long live, there will always be sober and understanding people who can see this clearly."
Yeah, we're trying to see this through.
The ancient Greek philosopher Democritus said: "All relatives are not friends, but only those who have common interests are friends."
This quarrel between father and son was brought to a public place and in public. It's just a family scandal caused by the moral crisis of capitalists. Underneath the family scandal, what is exposed is the moth that is corroding the country. The characters on the stage in the story are all selfish in everything they do, and they are all greedy, including Wan Hongjian, who "kills relatives for justice".
Wanlong, the “yellow-robed” factory manager, believes that Shuanghui’s success today is all due to his business thinking and correct operations. He selectively ignored the material foundation provided by the national infrastructure construction behind it, and ignored the good environment of the era.
In the final analysis, he has long forgotten that it is the people who create the enterprise. He said openly: "We have never done anything bad, we are not afraid!", and gently erased his betrayal of the people.
Wan Hongjian failed to "cry and remonstrate", so he took the matter to a public place. Don't say it sooner or later. After more than ten years of "hiding from each other", because if your own interests are not guaranteed, you will "cry if you don't agree".
This injustice must be expressed in quotation marks , , because he only spoke out because he did not get the benefits he thought he should have. He just felt that his situation was that he was aggrieved and his mother was opening the door for him - he was so aggrieved that all his accusations were just for his own sake. When he broke the news, he would only think of his father's angry face.
However, amid the farce, the stock price of WH Group plummeted, hurting the interests of the majority of small and medium-sized retail investors. He will certainly not have the slightest apology to these investors in his mind.
As for Shen Ruifang, she was once the wife of a security guard and earned a hard-earned salary. Nowadays, he is no longer satisfied with the vested interests in front of him. He is greedy and greedy. What he seeks is no longer just profit, but also power. Her abuse of private power on corporate strategic issues is tantamount to disregarding the families of hundreds of thousands of employees.
In the end, someone will win in this farce, but the people will definitely lose.
References
1, Times Weekly: "The farce in Shuanghui is hard to end. Is the son reporting his father a righteous act of extermination?" 》
2, Beijing News: "Shuanghui's "Prince" Wan Hongjian revealed the details of his dismissal: he hit his head against a glass wall cabinet to vent his anger due to a conflict with his father over the CEO selection"
3, Beijing News: "Conversation with Shuanghui's "Prince" Wan Hong Jian: The "grievance" between father and son was buried 8 years ago, and I resigned three times》
