Rebirth 79: I opened a bank in the United States

Chapter 649 The era of Sculley has passed

Everyone understands that this is the only way that everyone can accept right now!

The issuance of new shares will inevitably dilute the shareholding ratio of the original shareholders, which means that they will be able to obtain less income from PepsiCo in the future.

Moreover, this part of the reduction is still real
Because the shares exchanged by HT will eventually be used to repay various institutions.They don't generate revenue for PepsiCo.
But by doing so, the normal business operation of PepsiCo can still be maintained to some extent, and the payment problem will not cause a serious gap in the capital chain, which will affect the most critical and core terminal market as an entity enterprise!
Of course, theoretically, if everyone fights together, it can be accepted by the shareholders of PepsiCo, but...
It's as if a person is sitting at home, and the pot comes from the sky, and he is forced to cede his future income rights. It's strange to make everyone look good!

As the leader of this merger, Sculley naturally became the best trash can for negative emotions.
"Let me report the losses of PepsiCo Group: 1. Acquisition of 280 million HT shares held by KKR and Morgan Stanley at a cost of 570 million U.S. dollars; and M&A consulting fees, service fees, etc., totaling 300 million U.S. dollars. $870 paid to two institutions;”

"2. In this merger and acquisition case, we have made a total of 5000 million short positions. Excluding 280 million of our own shares, the remaining securities lending interest is a total of 120 million shares. Excluding our own shares and the soon-to-be To liquidate the 2000 million shares exchanged, we still need to spend 3000 million US dollars to purchase a sufficient amount of shares from Quantum Fund and Tiger Fund;”

"3"

Scully's lips moved, but the rest of the words suddenly felt a little... Some didn't know what to say.
Although the cost of media public relations, including messy expenses such as entrustment, is insignificant compared to the losses in the capital market.Compared with the big head, the funding of less than one million is not worth mentioning.
However, looking at the meeting room where Yingtian was still boiling, even though he was mentally prepared.
Perhaps, whether they know it or not, that's all there is to it!
"I won't say more about the rest. I will mail the detailed report to you in the form of an announcement. This time, PepsiCo suffered such a serious loss, and I have an inescapable responsibility!"

After Scully sighed, he gently put down the report he was holding.

"Of course you are responsible for this!"

A reprimand resounded through the meeting room, but no one accused him of being rude.

As the saying goes, you don’t know if you don’t see it, and you are shocked when you see it.The book loss alone is as high as nearly 6000 million, and this is not counting the "ceded" shares.

If the benefits that those shares can bring in the future are converted into it.
No, it doesn't count at all! !

Even putting aside these issues, doing various advertisements for this merger
It is true that the advertising effect may help the merger and acquisition, but people must not count the expenditure in this area as a loss.After all, advertising always works.
However, when these things are mixed together, it will undoubtedly be a severe test for PepsiCo's cash flow.

As a shareholder of PepsiCo, one thing is clear:

Pepsi's cash flow cannot bear this kind of loss!

Borrowing is inevitable.
It's better to borrow some money first, and continue to operate normally, than to sell the group's assets, isn't it?
And this will bring new, unnecessary cost increases!At least, in the eyes of the shareholders here, this is an unnecessary cost increase
After all, the decisions are not made by them.
Their anger is justifiable.

Sculley obviously understood this very well. After a short period of depression, he suddenly raised his head and said calmly and firmly:
"I don't want to be a coward. Since I joined PepsiCo in 67, I have spent 16 springs, summers, autumns and winters in PepsiCo. From marketing director, to vice president, to today's president"

"It is impossible for people not to make mistakes, but the mistakes I made this time were too serious. I don't beg for your understanding, but I just hope that you can look at my past efforts and give me a little more time so that I can get to know me personally. mistake. After another, I will take the blame and resign”

"I am 44 years old this year. From a 28-year-old green guy to this middle-aged bald man with a big belly. Pepsi carries too many memories of me. Even if it is farewell, I think it will take some time."

"Please! Everyone, please give me another three months to take one last look at this place and say goodbye to everyone."

Sculley's bent waist was like a heavy hammer, striking hard in the hearts of everyone.

Leaving aside the current incident, Sculley is a marketing genius. He joined Pepsi at the age of 28. In just three years, he has been promoted to the vice president of marketing of PepsiCo in charge of marketing.
Based on this resume, it can be said that any major shareholder with a relatively high shareholding ratio is no stranger to this president who can be said to have watched him gradually go bald.

In the past, the contribution to PepsiCo is also the same. As long as you have eyes, you can see the excellence
"Have you found your next home yet?"

After a major shareholder representative sighed, he asked softly.

As the representative of an investment institution stationed in PepsiCo, he has no right to keep such a president who can be described as a war criminal.But under the personal
"Sometimes thinking about it, it's hard to say that this is not a bad thing. John, in the past, you went so smoothly, it is inevitable that you will be a little aggressive and underestimate the enemy"

"44 years old. You are still young, and you are in your best years. I believe that after this incident, you will become even stronger!"

"If you need a letter of recommendation, please feel free to reach out to me!"

Patting the silent Sculley on the shoulder, the speaker packed his notebook and got up to leave the venue.

Things that have already been decided in the board of directors have no substantive content after listening to it.Moreover, seeing the lonely end of his old friend, he felt panicked in his heart.

"treasure!"

"Things have already happened, and there is no point in dwelling on the past. Just now, Steven was just in a hurry. Don't forget to take it to heart. If you have time in the future, come back often!"

"Thank you, Steven is right. It should be my responsibility, and I will not shirk it. Thank you."

The crowd slowly passed by Sculley, and those who were familiar with him might stop and exchange a few words.More people left in a hurry after leaving a sentence of "cherish" or "best wishes".
Although Sculley has not yet resigned from his post as president, the era that belongs to PepsiCo and belongs to Sculley has passed.
(End of this chapter)