Omniscient Investment Point - Chapter 250



Only Noblemtl

250. Between Stability and Change – 2

(1)

Interest rates won’t fall much.

And the era of zero interest rates will never come.

I nodded my head at the words of judge Choi Sang-soo, who claimed so.

As if he had taken my nod positively, Choi Sang-soo stated his opinion without hesitation once more.

“I’ll say something bitter. I personally had high expectations for Angel Investment. I joined after seeing the previous CEO Song. But I was very disappointed to see CEO Kang leave after that guy. There are too many changes in the short term. As a result, all the employees are in turmoil.”

“So, this time, we plan to appoint someone who will serve in the position for a long time.”

“Yeah, that’s right. And it would be better if it was someone with experience, right?”

“Hahaha, well, I’ll take note of that.”

“There’s a lot to do. You have to look straight at who knows the finances well and who knows the company well.”

I chuckled to myself, because that was what he claimed to be.

‘You’re definitely making an appeal.’

Here Choi Sang-soo asserts another thing.

“That doesn’t mean I’m denying the achievements of the previous representatives, so don’t misunderstand. I’ve seen how hard they’ve worked. Of course, I’ll continue their philosophy, and in particular, I don’t plan on touching Chairman Kang’s rules.”

When I hear you mentioning private rules, I think of Kang Dae-ho, whom I met a while ago.

He said to do away with the old rules and put new wine in new wineskins.

“Honestly, our company’s regulations are almost perfect, no matter who looks at them. Of course, it covers the big things, but also the details like condolence money, attendance, and vacation allowance regulations.”

“Yes.”

I agree with this part, but Kang Dae-ho’s words kept lingering in my head.

It also bothers me that I didn’t hear Jo Jeong-hwan’s opinion earlier.

So I sent out Choi Sang-soo and sent a text message to Jo Jeong-hwan, and he actually called me.

– Sagyura. Well, I feel bad saying this, but I’ve heard it from young people.

“Really? What······?”

– It doesn’t reflect reality. Traders say who works in a dealing room these days, and analysts say inefficient commutes seem to discourage company visits.

“ah······.”

This was exactly what I thought.

I think that as times change, the concept of the office must also change.

“That’s right. In this day and age, there’s no need to commute to work. You just have to show it through your results.”

– Oh, so we need to organize the internal regulations in a comprehensive and basic manner. If it’s too detailed, it will only hinder the investment process of our employees.

“Okay, I understand.”

Reading Jo Jeong-hwan’s thoughts, I smiled broadly.

‘Okay, I’ve decided.’

And a few days later, I called Angel’s board of directors together and said this:

“I believe that Mr. Cho is a good fit for the next representative. However, if you have different opinions, I will listen to them and then decide.”

JTS and Angel have merged, and as the CEO, my decision is absolute.

But the board’s thoughts are also important.

If the new leader clashes with them or is at odds with them, internal turmoil is bound to begin.

“I agree. The younger guys in the company like Director Cho better.”

“Personally, I think Managing Director Choi is a better fit, but I think Director Cho is also fine.”

“Yes, I also find it hard to decide who is better. But for some reason, Director Cho reminds me of the former CEO Song, and I think Managing Director Choi will be like the current CEO Kang.”

“I think so too.”

There were no directors who were extremely for or against one side.

So I said I would put it to a vote, and a week later we finally had a new representative for Angel.

“Congratulations, Director Cho.”

Jo Jeong-hwan, that’s it.

“We will do our best to become a financial investment company that is different from JTS, but goes beyond that.”

I smiled at the promise to properly differentiate myself.

“Yes, please take care of it.”

On the other hand, although he was disqualified from the position of representative, I appointed Choi Sang-soo as vice representative.

“It’s a shame, right? How about… a drink?”

“Are you trying to comfort me?”

“I want to comfort you and hold on tight.”

“What are you talking about? Did it look like I was going to leave Angel?”

“Or, thank goodness.”

“Of course not. Don’t worry. I’m mentally strong. I’ll take today’s results as medicine.”

“Yeah, hahaha. Still, would you like a drink?”

“Well, if our leader buys it for us, we should eat it. Oh, but if we’re going to eat it, let’s eat it with the new CEO.”

“Huh? Me too, you’re very welcome. Hahaha.”

Choi Sang-soo was a character who was also very blunt and outspoken.

I laughed out loud and headed straight to the pub I often went to that day.

Of course, Jo Jeong-hwan was also called.

‘I’m looking forward to this for no reason.’

What will happen to Angel in the future?

Can there be change in stability?

Or will it stabilize as it changes?

Perhaps, I guess Angel’s path will be roughly decided at today’s drinking party.

(2)

Unexpectedly, the first drink began with Choi Sang-soo’s cheerful voice.

“Okay, for~”

“For!”

“For. Hahaha.”

We clinked our glasses, and the cold beer soaked our chests with gulps.

Of course, I thought of Kang Hyun-ji, who was worried about my health, so I took a few sips and put the glass down.

On the other hand, Choi Sang-soo emptied half of the five hundred glasses in one gulp.

And then he said.

“What is this, Jang Su-myeong! And Jo Jeong-hwan! Is it okay to just eat it like that?”

“We’re still newlyweds. Please be lenient.”

“You know I’m weak to alcohol.”

“Tch, you guys are going too far. Today is the day to comfort me.”

“Is that so?”

“Hey, what are you talking about? Aren’t we here to celebrate?”

“Wow, this······.”

Choi Sang-soo immediately showed a look of disappointment at Jo Jeong-hwan’s words.

Then Jo Jeong-hwan immediately smiled and took back what he had said.

“I’m joking, I’m joking. I’m grateful to you, hyung, but I’m also sorry. I’ll do better from now on.”

“Yes, Inma. You have to do well in the future. Oh, but don’t worry about the company. I will always call you CEO.”

“Hey, what’s the point of the title?”

“No. No matter what, the hierarchy must be visible. Otherwise, the organization can easily be shaken.”

“Is that so? Hahaha.”

As I listened to the light conversation between the two people next to me, a satisfied smile came to my face for no reason.

‘Angel, you don’t have to worry.’

The angel raised by Song Jae-hwan was received by Kang Dae-ho and maintained well.

Now it seems like the time has come for the second big jump, and I’m secretly looking forward to it.

Do you think we can fulfill that expectation in today’s conversation?

After a while, a slightly lighter topic begins to come out of Choi Sang-soo’s mouth.

“Let’s see. Now, shouldn’t we hear our team leader’s ambitions?”

Even before the vote, the two candidates’ candidacy had been posted on the company bulletin board.

Of course, that is nothing more than an ambition.

But the reason why we demand Jo Jeong-hwan’s ambition.

To confirm the differences in management philosophy and narrow the differences of opinion.

After reading that, Jo Jeong-hwan took a sip of beer.

“Oh, why are you sterilizing your mouth with alcohol? Are you trying to tell a dirty story?”

“No, that’s not it. Hahaha.”

After laughing for a moment, Jo Jeong-hwan looked at me.

“As our CEO Jang knows, both companies need to reorganize after the merger, and a lot of the shares went to JTS. Strictly speaking, CEO Kang made a lot of concessions.”

“Huh? That’s not it.”

“That’s what we think.”

I felt a little stabbed inside.

Kang Dae-ho, who took over the position left by Song Jae-hwan, showed no signs of expansion.

Taking advantage of that gap, I combined the shares of the companies we had jointly invested in.

In general, we took the ones with the highest growth potential and handed the rest over to angels.

Kang Dae-ho also knew about it and passed it over.

That means he had no desire to do any more work.

“So? You’re saying you’re going to get your stake back? Is that it?”

I went out a little shamelessly.

Then Choi Sang-soo quickly intervened with a dumbfounded expression.

“That’s too much. It’s true. How much talk was there within us back then?”

“Well, there’s nothing we can do about it. Isn’t it true that the grass is greener on the other side?”

“Someone else’s rice cake?”

“Oops, mistake. I take back what I just said.”

I have always said that JTS and Angel are one family.

He quickly picked up his slip of the tongue and dragged Jo Jeong-hwan back in.

“Anyway, what is the intention behind our new CEO Cho’s question? We need to know so we can resolve the issue.”

“Well, you can’t do business with emotions, so let’s leave the past behind. It absolutely must not happen again in the future.”

“What if it happens again?”

“Let’s sign an agreement that prohibits one side from acquiring shares at a low price by organizing and such, in writing.”

“Ah, haha······.”

Sweat is starting to form on my back.

We chose a new representative to replace the incompetent Kang Dae-ho, but for some reason he seemed like a tough candidate.

“Representative Jang, this has to be done. No matter how small the fence is, the line has to be drawn properly.”

“Okay, okay. I’ll write up the agreement.”

“Okay, good.”

“But you should know this. Honestly, how much profit has Angel made because of me? Just mention one thing. Dr. Carty, the profit you made by dipping your toes in there is no joke.”

What I said was true.

Dr. Carty’s initial investment was solely JTS’s, but as the bio company increasingly needed funds, it received help from angel investors.

This was a stroke of genius.

As Dr. Carti went public on NASDAQ, the angel also made an exit.

“It’s because the media only reports on JTS, but Angel earned quite a lot.”

“Who said what?”

“And there was Forte Bio too.”

“Oh, that? Well said.”

Oh no, I thought.

Clearly, Forte Bio was a bio company that I discovered and even exported its technology.

But last time, while reorganizing the shares on both sides, I took half of Angel’s 5% stake.

Absurdly enough, the shares we handed over were in the unlisted Daeil Farm.

“At the time, when Representative Kang made a big deal that could have been considered breach of trust, we couldn’t understand it.”

“Ah, if you think of it as switching present value and future value······.”

“You’re kidding. Are you saying that Forte Bio’s liver cancer candidate, ocisertinib, lacks future value?”

“That’s not what I meant······.”

“Me too. I’m not trying to diminish the future value of Daeil Farm, but I’m saying that the deal was a bit tipped.”

“······.”

I had nothing to say.

This is because Ocigertinib, which Forte Bio is paying a lot of attention to these days, was about to receive phase 3 approval.

“Phew······. Good.”

With a helpless expression, I opened my smartphone and pressed the call button.

Then the two people looked puzzled, as if they didn’t understand my actions.

The same thing happened when I heard Kang Dae-ho’s voice on my smartphone that was on speakerphone.

“Representative.”

– Hey, now that we’ve elected a new representative, you don’t have to call me that.

“Yes, then the future chairman of the Financial Supervisory Service.”

– Hey, that’s even weirder.

“Anyway, there is something the Financial Supervisory Service Chairman needs to explain.”

– explanation?

“Yes, yes, I swapped the shares of Forte Bio and Daeil Farm before. At that time, I signed another contract without anyone else knowing.”

– Oh, that? If the phase 3 trial of Osisertinib passes, the clause to transfer 20% of the Japanese branch’s shares to Angel?

At that moment, exclamation marks appeared in Jo Jeong-hwan and Choi Sang-soo’s eyes.

“······!”

“······!”