Back To 1995

  Chapter 929 Snake Tunxiang

Immelt froze for a moment, feeling inexplicably nervous, and various thoughts flashed through his mind. The first thought was not how Welch knew the current situation of General Electric. With Welch's contacts for so many years, he wanted to Knowing about General Electric is not difficult at all.

What made Immelt nervous was what Welch meant when he said this. Although General Electric is now in trouble, it is deeply in the quagmire of tight capital chains, and it has shrunk ICQ, a once 300 billion dollar giant company. 80%, and now there is only a market value of less than 70 billion US dollars left. Inside General Electric, there is a lot of dissatisfaction with Immelt.

But none of those people can completely influence Immelt. Only Welch in front of him has too much influence. The members of the General Electric board of directors who wanted Welch to retire at the beginning are now eagerly hoping for Welch to retire. To be able to come back and take over the overall situation.

Immelt did let General Electric reach the peak suddenly. The trillion dollar club company is indeed famous, but the wind on the top of the mountain is too strong, and most people can’t grasp it. The good days are only a few days away, and now they are hungry Stomach.

Although Welch couldn't make GE suddenly swell, he moistened things silently, and with a pen acquisition, GE was slowly brought up. Internally, GE secretly poked at the board members who wanted Welch to return Not a few.

Welch is also the only one who can really threaten Immelt. Immelt is not afraid of other professional managers, but for Welch, Immelt knows the opponent and can really put himself give instead.

  Looking at the sudden unpredictable expression on Immelt's face, Welch couldn't guess what Immelt was thinking at this time.

   "Immelt, don't worry, I will not return to General Electric. I once said that if I leave, I will not return to General Electric!"

  Hearing Welch's words, Immelt smiled, as if Welch thought too much, "General Electric needs Mr. Welch, whenever you want, you can return to General Electric!"

"General Electric has encountered some small troubles. I know that there have been a lot of rumors about General Electric recently, but Mr. Welch can rest assured that these rumors cannot knock General Electric down, and I will solve the trouble as soon as possible." Immel Special vowed to Welch, it seems that these are just small troubles.

Looking at Immelt, Welch sighed, "I heard that the business of General Electric's financial department has been completely shut down. If you want to restore the business of General Electric, you need to invest at least 20 to 30 billion dollars. , and other major departments also need funds, in addition to repaying due debts!

  Based on the situation in America, major investment banks and banks may not dare to invest so much dollars in General Electric! "

Giant companies such as WorldCom and Enron have been hit by thunder one after another, making Wall Street institutions, and even big companies, start to be afraid. Hundreds of billions of dollars is still enough for Wall Street institutions to drink a pot.

  Immelt hopes that the federal finances can provide guarantees for General Electric, but now is the time when the general election is at its most intense, and those gentlemen on Capitol Hill have no time to take care of General Electric.

This puts General Electric in an embarrassing situation. Wall Street institutions dare not save General Electric, and want to wait for the federal finances to cover the situation, but it will take a month or two, which means that General Electric must survive this period of time. , As for whether you can survive it, it depends on God's will...

   Seeing that Immelt was silent, Welch directly reported his origin, "Bruno Song is here today, please!"

  When Immelt heard this, his eyes sharpened suddenly, "Bruno Song asked Mr. Welch to be a lobbyist?!"

   Welch shook his head, "You can take it as yes or no, I think Bruno Song's proposal is an option for General Electric now!"

   "He wants to take back the controlling stake in ICQ?!" Immelt sneered and said, "It seems that I really underestimated Bruno Song!"

What annoys Immelt is that he spent so much money to build a luxury warship in the technology industry. ICQ is almost Immelt's famous work, and now Song Yang wants to take it away , and the price spent may be insignificant compared to what Immelt paid at the beginning, which made Immelt feel deeply ridiculed. One of the black spots!

   Welch did not argue with Immelt, but said calmly, "This is a multiple-choice question, and Immelt will make the choice for General Electric."

   Immelt's face was uncertain. If it was someone else who came today, Immelt probably would have kicked him out.

   But in the face of Welch, Immelt couldn't do it. He also knew that Welch was telling the truth. Now the question before Immelt is whether to protect the big or the small.

   Throw out ICQ and get back a fortune. If GE can survive this difficulty, it will still be the giant it used to be. But if it takes ICQ with it, it is likely that GE and ICQ will roll off the cliff together.

Whether to save face and reject Song Yang's proposal, or to return the controlling stake in ICQ with his own hands, Immelt finally let out a long sigh, feeling powerless, and leaned on the on the chair.

   "If you were Mr. Welch, how would you choose?!" Immelt was a little discouraged, and asked Welch.

  Hearing this, Welch knew that Immelt had made a decision, and Welch shook his head, "I don't know, but I might choose to let General Electric live..."

  Immelt looked at Welch with unwillingness on his face. "Luck is not on GE's side. This is an opportunity for GE to transform. GE will regret selling ICQ in the future!"

After finishing speaking, Immelt sat there a little depressed. Time was not on his side. Even if the Internet collapsed a year or so later, he was sure that General Electric and ICQ would survive at the same time. People are not as good as heaven, Nasdaq collapsed too fast, and General Electric spent too much money on ICQ, and finally fell into it.

   "The financial fraud case of the Enron Group is currently intensifying. The investigation agency of the Federal Department of Justice, which is in charge of investigating the Enron fraud case, claims that there are already several Enron executives who have reached a witness agreement with the investigation team!"

"Enron Group has another situation today. Jeff Skilling, who succeeded Kenneth and served as the president of Enron Group for less than a year, suddenly announced today that he would resign from all positions including the president of Enron. The former president of Enron, Kenneth, had to take charge of Enron again temporarily. group!"

   "The federal court in Houston will hold the first trial against the Enron Group fraud case in the near future!"

"Affected by giant companies such as WorldCom, Enron, AOL Time Warner, Andersen Accounting Firm, Wall Street and overseas investment institutions, the investment confidence in Amerika Corporation tends to the lowest point in history. This year, the financing of many companies has been affected. Including General Electric!"

  Song Yang, Greck, Kravis and the others had breakfast, and later they were going to take Bruno's private jet to go to the General Electric headquarters to cut leeks.

  Watching the morning news of ICNC TV station on TV, Kravis frowned. He and Kenneth have a pretty good relationship. Even a layman can see that Enron is in danger now.

  On the other side, Song Yang and Greg were whispering, and Greg said to Song Yang, "Anran Group, I'm afraid something big will happen!"

Jeff Skilling has been the president of Enron for less than a year, and he suddenly ran away. In addition to the sudden news, many senior executives of Enron became witnesses, although the news was released by the Federal Department of Justice The news is to put pressure on An Ran, but some clues can be seen.

Song Yang watched the news on TV and shook his head. Everyone could see that Enron was going to die. Enron's stock price had already been slashed at the ankle. Now it's time to watch the Houston federal court trial. If there is a miracle, Enron Group can survive for a few more years. If Kenneth and a group of executives are convicted and imprisoned, Enron will collapse immediately, and the bankruptcy process will start directly, without first aid or anything.

And when Bruno's private jet flew towards GE's old home, GE's stock price had been sluggish for a long time. As soon as the market opened today, the stock price began to rise vigorously, quite like an elephant dancing. It was a scene that had been rarely seen for more than a year, and then various gossip about General Electric began to spread.

  (end of this chapter)