Life at The Top novel Chapter 1122

Seatreasures Group.

Alban had rushed over from Waterhoof City as quickly as possible to deal with the unease within the group.

Still, as Jasper had predicted, Alban knew that his Seatreasures Group was big enough that the government would not completely crush him, be it for the sake of tax or thousands of employees‘ livelihoods.

While his Seatreasures Group was no more than an insignificant ant to the government, the government still had to act in a way that benefited everybody.

Hence, despite his Seatreasures Group appearing to be in a perilous position, it was actually pretty stable.

After understanding this, Alban immediately tried to contact the government through the investigative groups.

He finally managed to get rid of two out of the three investigative groups. Meanwhile, Seatreasures Group also lost one vice president, two senior-level managers, and six middle-level employees. These people were found guilty of corruption.

These people were scapegoats that Seatreasures Group had thrown out.

Even so, they were not completely innocent, since they had indeed bribed hospitals and doctors on behalf of the company.

“I hope that you don’t blame me for this. Even if you’d done it with the group’s interest in mind, you’ve also reaped your share of the benefits.”

Alban stood in his office in the group building and looked down at his subordinates that were being escorted into the cars. His expression was neither sad nor elated.

Just then, the office doors were opened, and a shrewd and capable middle-aged man walked in.

“Mr. Ball, I’ve already drafted the statement that is to be released by the Harbor Stocks Securities Regulatory Commission. Please have a look. ”

Alban took the statement and gave it a closer look. He corrected the statement word-by-word and changed some terms that he found unsuitable. It was obvious how important this statement was to them.

“This statement will directly affect the trust Harbor Stock’s investors have in our group. We have to make sure we don’t slip up.

“I want the investors to know that even though something had happened with the Seatreasures Group, there’s nothing wrong with its core decision-making team. The group’s businesses will not be affected, and we are still a reliable and safe option for investment.”

The middle-aged man smiled wryly when he heard Alban’s words and replied, “But the market has already lost their trust in us. Our Seatreasure Group’s share price is currently locked on the limit down.”

Alban’s brows twitched. “The group will invest more and we’ll begin recycling our shares.”

The middle-aged man was stunned, and he replied, “Mr. Ball. While recycling our shares now will reignite trust in the investors, there are just too many of them throwing away Seatreasures Group’s shares. We might have to invest billions to do so.”

“Then so be it!”

Alban clenched his jaw and said grimly, “The government has decided to rectify the medical treatment system. From here on out, working in the pharmaceutical industry won’t be as smooth-sailing as before.”

“Medicine is still Seatreasure’s core business, but after what happened this time, I’ve also decided to shift the group vision to walk a more diverse path.”

“The moment the government begins their rectification of the medical treatment system, the coming health insurance reform will make it such that most normal medication will fall under the cover of health insurance. This means they will be bought by the government. Profits of our pharmaceutical enterprise will become very transparent while competition within the industry will only grow tougher.”

“A harsh will sweep over the entire pharmaceutical industry, such that everyone will have to be more frugal. We’ll be walking a path with little profits but high turnover.”