Chapter 1335: The Great Shame (67/76)
New York, Monday, November 17.
As usual, Jeff Immelt walked into his luxurious office, handed his windbreaker to his secretary, and patted the buttoks wrapped in a tight skirt, giving him a charming roll of eyes.
Sitting on the boss' chair symbolizing power, he picked up the neatly arranged documents on the table, and while drinking the steaming aroma of espresso, he checked the briefings sent by various departments of the company.
Since the financial crisis exposed the various risks contained in the financial business created by Welch, as EO, he has been trying to reshape GE again, hoping to build it into a digital enterprise through reform, and lead GE to glory again, and become a corporate leader like Welch that investors trust.
In the United States, if investors may support a group company, all they need is a name. For current Wall Street, Amazon's Jeffrey Bezos is synonymous with the right choice. The same is true for Warren Buffett. Well, there may be a younger Andy Smith now.
In fact, part of the reason behind General Electric's past success is investors' unwavering trust in Welch, the legendary eO. The company's leader seems to always hit quarterly performance goals accurately like a clock. This model has begun to shake in his own hands as a successor, which is undoubtedly something he does not want to see.
Warren Buffett's capital injection and Andy Smith's short-term help did not seem to have allowed General Electric to get out of the quagmire, but instead caused Warren Buffett to be miserable. However, Andy Smith, a shameless guy, chose to sell all the stocks he had just bought and escaped when General Electric's stock price rebounded and seemed to be in a good shape.
When he used to mock him in the short-sighted way, it seems that the real idiot became him. Thinking of the other party's handsome face with hypocritical sunshine and the indifferent heep, Jeff had the urge to punch him hard.
Ahem, it's a pity that I can't beat that bastard!
Fortunately, he held the things that the little bastard coveted in his hand. In the M&A negotiations, Jeff was biting to death and demanding too much, forcing the other party to agree. He was very clear about Andy Smith's ambitions and trump card, and was not worried that the other party would give up the M&A plan. After all, only NB Global is the most likely to be acquired by the three major broadcasters in the United States. They are definitely scarce assets. General Corporation is also not worried that they will not find other buyers.
The recession in the financial market has caused the US stock market to be like a mad bull disease, with no regularity in rising and falling. Although General Electric's stock has fallen for eight consecutive trading days and its stock price has fallen by about $3, it has not plummeted again due to the favorable news support of mergers and acquisitions negotiations.
It would not be like Citibank, which has become a laughing stock, that its stock price fluctuates around $1, and everyone is waiting for the "miracle" that falls below $1...
"Dongdong"
The rushing knock on the door made Jeff, who was still thinking about the problem, frown. As soon as he raised his head, he saw Quincy Cross, the company's chief market analyst, pushing the door and breaking in with a pale face.
"Boss, something happened..."
Jeff frowned even tighter, and he reached out to signal, letting the other party sit down before talking. However, Quincy, who had an extremely ugly expression, did not sit down, but said in a bitter tone: "Just just now, our stock price fell below three dollars and began to plummet. The tracking result was that someone was shorting our stocks, and the other party was strong..."
"Boss, Mr. Jin Ning has something important to see you..."
"Jeff, just now, Andy Smith's side called us to inform us to terminate the NB Global M&A negotiations, accused us of lack of sincerity and refused to pay liquidated damages. We will be prosecuted by General Electric's intentional breach of negotiations and commercial fraud later on..."
"Bang!"
"This bitch is raised!" Hearing this, even if Jeff Immelt is stupid, he knows who is trying to make a move behind his back and is trying to get into trouble with General Electric's stock price!
Then, with the explanation of the company's chief analyst, he completely understood that the other party was planning and premeditated short selling behavior against xing. The time nodes they chose made it impossible for them to fight back. After all, the economic data just released caused the global stock market to fall. In panic, even if they spent money to support the market, they were just a drop in the bucket and were given delicious food by the greedy monster who had already opened their mouths.
Jeff grabbed the phone in a cold sweat and called General Electric's holding boss MG Chase. Unfortunately, the reply he received made Jeff smile completely. The support might completely disappear. However, it is not the time for him to panic. He grabbed his cell phone and took the two people in the office to rush to the financial department.
Looking at the red numbers that kept beating on the LCD wall, Jeff's face turned pale, his fists were clenched, his veins swelled, and his lips were trembling. (The rise of US stocks was green, and the fall was red.)
15
14
13…
When the stock price plummeted to around 11, Jeff finally couldn't hold back and said, "Start the repurchase plan..."
Buzz
Jeff Immelt took out the buzzing phone from his pocket with his trembling fingers, which did not seem to appear, his eyes staring at the blood-red numbers in front of him.
"Hello, I'm Jeff Immelt..."
"Good morning, Mr. Immelt, I'm Jean Renault, this is the thing, we Vivendy..."
"Bang!"
"fxxk! You guys who should go to hell are raised..."
Jeff, who had already squeezed out a little smile, turned off the phone after hearing the other party's quick speech. His whole face turned black completely. He threw his phone directly on the wall with a ferocious expression. He roared loudly with trembling all over, and reached out to support the table beside him, allowing his shaking body to support him.
At the same time, in the operating room of the Gaia branch in London Financial Street, the LCD TV wall was divided into two, with video connections on one side and US stock market data on the other.
Andy stood in front of the LCD TV wall, with one hand in his pocket and a cup of coffee in his other hand. Behind him were all his subordinates with bright eyes, including Robert, Amar and David Dunn who came to witness a certain moment of watching the fun.
"Boss, Vivendi has announced it to the public."
Andy's originally calm face, the corners of his mouth were raised, and a sunny smile appeared. A sharp light flashed in his eyes. After taking a sip of coffee, he placed the coffee cup on the table beside him.
"Bang!"
The left hand inserted into his pocket was pulled out and slapped it with his right hand, making everyone's eyes focus on him. Andy looked at Alvetre and Badstone on the big screen and waited seriously. Behind them were hundreds of traders ready.
"Break it down!"
"Received, boss!"
"Start sell!"
Crackling...
In the London trading hall where the needle was audible, the sound of keyboards and various shouts of typing with phones were clearly heard.
“$097!”
The picture is divided into two.
London, Andy wrapped her arms around her chin, and looked proudly smiling to the world;
In New York, Jeff was pale and sat on a chair, looking up at the dazzling numbers of the dark green ‘097’ with a bitter expression.
On the New York Stock Exchange, all traders opened their mouths and looked up at the stock price of General Electric that fell below one dollar. The air seemed to be frozen and time was frozen.
Chapter completed!