At this moment, Chris with cold eyes looking at them, continued: "So you all listen to me, from now on, if any of you dare to betray the family, or let the family suffer losses, then 1 of you count 1, must end up worse than them!"
Seeing this, no one dared to raise any objections to the ancestor worship ceremony.
The reason why Chris wanted to hold the Ancestor Ritual once a year was to continuously strengthen their loyalty to the Arthur family through a faster frequency.
And at the same time make them understand the Lord-subordinate relationship between the Arthur family and them.
So that they would have loyalty thoughts in their hearts, and then strengthen the Arthur family's control over them.
At this time, a young man spoke up and said, "I can understand that the ancestor worship ceremony is held once a year, but why do we have to come to Cliffspring every 3 months to report on our duties?"
Chris asked him rhetorically, "You are taking the resources and earning the money of the Arthur family, and I ask you to come to Cliffspring every 3 months for debriefing, do you have any other opinions?"
The young man busily said, "Our family moved overseas a long time ago, and gradually shifted the focus of our business over the years, and currently the business we run overseas has nothing to do with the Arthur family anymore."
Chris nodded his head and asked him, "What is your name?"
The young man replied, "My name is Ryan Arthur."
Chris nodded slightly and said, "Good, let me ask you, what business does your family run overseas now?"
Ryan busily said, "We produce and sell Springsen furniture for the whole of Europe, mainly for Springsen customers, and our production place in Amorania."
Chris frowned and asked, "Why do you produce Springsen furniture in Amorania?"
Ryan replied, "Mainly because Amorania has a very high production of wood and their labor costs are relatively cheap."
Chris asked again, "Then how many workers do you have in Amorania? What is the annual output value?"
Ryan thought about it and said, "We have about 10 thousand employees there, with an annual output of about 2 billion euros and a net profit of about 20 percent."
Chris nodded and said, "In that case, you have a net profit of 400 million euros a year from this business alone."
"Yes." Ryan said, "A few years ago our production base was still in Springs, and I was the 1 who suggested my family moved the production base to Amorania."
Chris asked him, "The production base was placed in Springs, why did you suggest moving to Amorania?"
Ryan explained with some pride, "Originally we produced in Springs and sold in Europe, although the logistics cost was much higher, but because the domestic labor is relatively cheap, so the overall profit margin is even a little higher than now."
"But I had a hunch 5 years ago that the EU will definitely continue to raise tariffs and other taxes on foreign products in the future, in that case, our products in the European market will lose all advantages."
"And then the profit margin will also decline significantly, and I really did not guess wrong, since 3 years ago, the EU has been increasing the tariffs on imported furniture, and so far has increased by at least 40 percent!"
Chris nodded and said, "After you moved your business there, you will be able to avoid this tariff policy of Europe's foreign countries, right?"
"That's right!" Ryan explained, "When we moved our production base to Amorania, we also re-registered a company there, which is equivalent to turning our products into local goods production."
"And because Amorania also joined the European Union, the whole European market gives great preferential policies to Amoranian products, so that we also effectively enjoy benefits of this preference."
"With lower tax costs, our prices can be lower, which also allows us to have more sales, so the overall profit margin is also considerable."
"Compared to those other companies that have been producing Springsen furniture at home and selling it to Europe, each of them has suffered heavy losses."
Chris smiled and said, "It seems that you are quite good at business."
Ryan said confidently, "That's for sure, I finished my bachelor's degree at Yale University at the age of 20 and my MBA in 2 years, and I have been involved in the operation of the family business since I was Eighteen."
"I dare not say I am a genius in business, but I am definitely much better than most entrepreneurs who talk on paper."
Chris nodded slightly and smiled, spoke: "In that case, then you do not need to go back this time, stay in Springs to give me a hand, by the way, I also will test you to see whether you are what you say!"
To be continued...
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