Why swallow saliva?

Because Mr. Jack Welch knows very well how much that 1% stake is worth.

General Motors, now the United States, but also the world's No. 1 automobile manufacturing company, both market capitalization and annual sales, annual profits are the world's first, in terms of market capitalization, General Motors now has a total market capitalization of more than $18 billion, is expected to be up to two years, General Motors may become one of the ten constituent stocks of S&P.

In other words, even without any premium factor, a 1% stake in GM is worth $180 million.

But this is only the price of buying a little outstanding shares from the stock market, in fact, if you want to buy a 1% stake in General Motors, $180 million is definitely not enough, far from enough, at least a 30% premium, which is $234 million.

It's simple: a large-scale acquisition will inevitably lead to an increase in the stock price – and that's assuming there are so many outstanding shares.

If you don't sell it, how much benefit can you bring to yourself by relying on this 1% of the shares?

Three months ago, GM began to pay dividends to shareholders in the last fiscal year, fiscal year 1979, in which GM's profit from dividends was $525 million, that is, theoretically, if it had 1% of GM's shares, it could get $5.25 million in dividends.

For any American billionaire, if there are more than $5 million of funds at his disposal every year, it is a very large amount of money, as the vice chairman of General Electric, Jack Welch knows very well what a huge fortune this is, so he drooled and couldn't help muttering: "1%......"

"That's right, 1%," Chen Geng, who was very satisfied with Jack Welch's reaction, nodded with a smile: "You don't have to pay a penny, as long as you achieve this goal, you will automatically and free of charge 1% of the shares of AMC Motors, which is really completely your personal 1% of the shares." ”

“......”

Jack Welch stopped talking, he just felt his heart beating so badly!

He didn't even dare to pick up the knives and forks or any other cutlery on the table, because his hands were shaking terribly.

"Of course, it's very difficult to do all this, so you don't have to make a decision right away," looking at Jack Welch, who was in cold sweat on his forehead, Chen Geng said with a smile: "In addition, let me tell you one more thing, the design department of AMC is directly under my management, as long as you put forward the market demand, I can design products that meet your requirements...... I don't think you have any doubts about that. ”

Would Jack Welch doubt Chen Geng's ability in design?

Of course not.

With the launch of a model that has a big hit in the market, it has become recognized in the industry that the car designed by Fernandez Chen is equivalent to the fact that this car will become a representative hit in the market, so the AMC design department led by Fernandez Chen himself is undoubtedly the strongest design department among the four major American automakers.

Realizing this, Jack Welch's heart began to beat wildly!

He suddenly found that with Chen Geng's support in design and Chen Geng's support in terms of funds, the biggest problem of AMC Automobile now is management, and this is what he is good at......

........................

"Boss, do you think Mr. Welch will agree?" On the way back, Mirren couldn't help but ask Chen Geng, she was very curious about whether Jack Welch would agree to her boss's invitation.

Chen Geng said casually: "He has already agreed." ”

"Huh?" Mirren opened his mouth in surprise, looking dazed, "But Mr. Welch said to think about it......"

"It's just a self-inflattering statement," Chen Geng smiled: "If I send him an invitation, and he agrees immediately, wouldn't it seem that he Jack Welch values money too much?"

Mirren suddenly said, "What do you mean...... He's just trying to save face?"

Chen Geng took a long breath and said with emotion: "I gave him an annual salary equivalent to 20 times his current annual salary, and also gave him a chance to become famous that General Electric would never give, and gave him a long-term meal ticket that he can maintain a luxurious life after retirement in the future.

Mirren subconsciously shook his head, but quickly reacted: "But it's hard to ......"

"It's really difficult," Chen Geng responded, and became the No. 1 automaker in the United States and the top three in the world, isn't it difficult?" "But if it's not difficult, why does he Jack Welch get such a high salary from me? Why do I give him such a high salary?"

————————————

Chen Geng was right, after listening to Chen Geng's conditions, Jack Welch, who was originally just looking at the face of $5,000 and planning to come over for a walk, couldn't calm down anymore, so much so that at dinner, he knocked the water glass on the ground three times in a row.

"Honey, what's wrong with you?" Looking at the water glass that was touched by her husband on the ground for the third time, Caroline, Jack Welch's wife, couldn't hold back anymore and asked worriedly, "Is there something wrong at work?"

"It's all right," Jack Welch shook his head, but after a moment's hesitation, he explained, "Honey, I'm going to see someone today. ”

Today's events have had a big impact on Jack Welch, and he does have the urge to find someone to talk to, and Caroline, his wife who has been married to him for more than 20 years, is undoubtedly the best person to talk to.

"Saw someone?"

Caroline was a little surprised, seeing someone made her husband's mood fluctuate so much? She couldn't help but wonder in her heart: Who is this guy Welch is seeing?

"Fernández Chen, you know, right? That's the guy who bought AMC Motors. ”

"Oh, I know him. Caroline nodded, but her reaction to her husband was even more strange.

"He invited me to be the chairman and CEO of AMC Motors......"

"God......

Before Jack Welch could finish speaking, Carolyn Welch covered her mouth in surprise: she finally understood why her husband was so upset today.

But what shocked her even more was the hidden message under her husband's violent mood swings: he was moved by Fernández Chen's invitation!

If it weren't for the heartbeat and careful consideration of Fernandez Chen's invitation, her husband's mood would not have fluctuated so much.

After a moment of tidying up, Caroline asked Jack Welch in shock, "Honey, what magic did Fernandez do to you to make you give up the position of chairman of General Electric, which is at your fingertips?"

Yes, Caroline couldn't figure out what Chen Geng said to her husband, and she could make her husband give up the position of chairman of General Electric, which he had worked for more than 20 years, and go to the quagmire of AMC cars.

"He didn't do any magic on me, he just told me that if I stayed at GE, I would never be able to surpass Lee Iacocca ......"

It will never be possible to surpass Lee Iacocca......

Caroline finally realizes what the problem is and why her husband has such a big mood swing.

Yes, if the husband takes over as the chairman of GE step by step, there is no doubt that he will become a great CEO, but that's it, just like the previous CEOs of GE, respected, but only respected, but it is absolutely impossible to enjoy the treatment that Lee Iacocan is adored by the world.

But if Welch had gone to AMC, which was worse than Chrysler's, and had succeeded in bringing AMC out of the quagmire, he would have surpassed Lee Iacocca in the United States, there is no doubt about that, but that's all, and her husband's mood shouldn't have such ups and downs.

Facing the puzzled look in his wife's eyes, Jack Welch whispered, "In addition to these, he also offered me a high salary. ”

"How high is the salary?"

"With an annual salary of $1 million, 1% of the total share capital, and a guaranteed dividend of $3 million, plus $1 million in benefits, subsidies, and bill reimbursements, well, if I can lead AMC to the No. 1 in the U.S. and the top three in the world, that 1% of the shares will automatically go to me...... Yes, you heard it right, it's 1% of the shares, not the right to dividends or anything like that, it's all my 1% shares. ”

I see!

Caroline is completely understood!

Faced with such an opportunity to make a name for himself, in the face of such an opportunity to earn a high salary and even hold shares in a company, how could her husband not be impressed?!

She said in a firm tone: "No matter what decision you make, the children and I will support you." ”

Jack Welch didn't speak, just nodded heavily.

....................................

Chen Geng didn't wait too long, and before the 48-hour deadline given by Chen Geng, Chen Geng received a call from Jack Welch the next afternoon: "Mr. Fernandez, I've decided." ”

"Oh?" Although across the phone, Chen Geng still subconsciously raised his eyebrows.

"I'm honored that you've invited me to be the Chairman and CEO of AMC Motors," Jack Welch's voice on the phone sounded relieved, "I promise, I'm worthy of every penny you offer me." ”

“......”

Chen Geng laughed silently, but he was still excited in his heart: It's done!

"But you know, I'm not going to quit my job right away, it's going to take some time to get the job going," Jack Welch continued, "and if nothing happens, it's going to be done in half a month." ”

Taking a deep breath, Chen Geng smiled and said, "Okay, when you come, I will hold a grand press conference for you." ”