Life at The Top novel Chapter 1035

Jasper’s words stunned both Chad and Lance.

“So you’re actually going to invest the amount, Mr. Laine?” Lance asked in shock.

Chad was a higher-ranked employee, after all, so he had a more comprehensive view of issues. Chad frowned and replied, “Mr. Laine, I don’t think such a large investment is a good idea.”

“I’m sure you two are aware of the basics of the company’s current financial situation.” Jasper leaned back against his office chair and sipped his tea with a crescent-eyed smile.

“We aren’t exactly at risk of a capital chain rupture, but that’s only because all our companies are developing exponentially. The money we’re making is almost completely rechanneled back into the company.

“Our electronics company produces the most profits out of all the subsidiaries, but it only gave the parent company 80 million worth of profit last month. Do you think the parent company can afford to allocate them billions to fund research?”

Lance replied in embarrassment. “It’s mainly because construction of the new factory area has already wrapped up over in Reed City. Therefore, we invested a little more to add a few production lines over there.”

Jasper waved him off and replied, “The company needs to develop, so it will need money. I’m not blaming you for the small profit, but telling you instead that the JW Capital’s cash flow is tight, and it can’t afford such expensive research.”

“If that’s the case, then what did you mean when you said that not every expense can be cut down, Mr. Laine?” Chad asked.

“Exactly what you think I mean.”

Jasper placed the report into his drawer and continued.

“For every enterprise that relies on advanced technology, research funding is an expense they cannot afford to reduce. Take a look at the top advanced technology companies around the world and observe how many of them have research funds that represent at least 50% of their operating costs.

“To a technology company, technology is their lifeforce. A monopoly on technology can lead to endless wealth and a worldwide market to reap from.

“All of JW Capital’s subsidiaries aim to reach the pinnacle of their respective industries. Not just within the province or country, but within Terra or even the entire world.