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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

An update on PENIX Inc.

Day 881, 17:12 • Published in Canada USA

• by PENIX

Lots has changed since I last wrote on here! It's been nearly four months; wow.

In that time, PENIX has gone a dramatic change. We have gone from a small, two-man owned corporation to a privately operated international corporation with a valuable hedge fund and companies in three different countries.

Changes in the leadership:

Woxan was bought out as a co-owner. He now holds the title of Executive Vice President and still advises the company and holds shares.

Harrison Richardson, when assuming full control of the corporation, took on the title of Chief Executive Officer.

Inwegen was hired as Chief Strategy Officer and later promoted to President, while keeping his title of Chief Strategy Officer.

St Krems was hired as Vice President for Corporate Affairs, mainly dealing in relations between other corporations in the financial sector.

Devon Donaldson was hired as Vice President for Operations. Devon handles, among other things, the PENIX Org and the three companies inside of it.

As far as companies and organizations go;

PENIX (Canada): Q5 Weapons, Q4 Food, Q3 Diamonds
PENIX Polan😛 Q5 Food
PENIX America: Slew of low quality companies

In addition to the overall, privately owned corporation, PENIX decided to open a hedge fund on the Erepublik Stock Exchange (ERX: PN😵. The fund specializes in short-term company flipping, monetary market investment, and securities. PENIX Hedge owns a 36% minority share in Roby's Restaurant, a Q5 Food company in Poland.

PENIX is currently hiring for the position of Chief Investment Officer. We're seeking someone to handle the PENIX Hedge Fund and everything it entails. The position is paid and comes with a pension. Interested applicants can apply via PM.

Comments

The Shire Day 881, 18:38

Stop your unrealistic wage offers in eCanada. You might be able to afford to take a loss, but most eCanadian companies are working on a 5% profit and can't handle a 22.50 wage.
Your killing a Brolliance partner.

Hong Kong Chow Mein Day 882, 00:56

It's the only way they can get people to stay. With the new hospital rules, nobody wants to work for a Q5 company. The wellness drain is way too much, and people have better things to spend their Gold on than Q5 food or gifts everyday (the latter of which will be disappearing come V2). Therefore, the only way to attract talent is to offer high salaries for people willing to sacrifice their wellness everyday. Company owners would be well advised to look at things from a worker's perspective. Ignore this at your own peril.

Harrison Richardson Day 883, 14:15

The Shire -

I'm sorry that we're harming your business. PENIX offers salaries at or just slightly above market price -- we're not the ones dictating salary, the entire market is. I think it's unfair to pin that solely on us.

As Hong Kong Chow Mein mentioned, it's hard to get good, stable employees for a Q5 company. As such, we're having to pay more. I'm sorry if that hurts your bottom line, but it's the nature of the beast. If you're running a lower Q company, I'd advise looking at lower skilled employees. If you're running an upper Q company, you should be paying the same wages I am. I am not running at a loss; my wages are curtailed to provide me profit as well as my employees a good salary to live on.

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