Chapter 421: Inspecting Arms Companies
"There is a shocking corruption incident in the Ministry of Defense!"
As soon as the front page headline appeared on the front page of the Washington Post the next day, the American people, who called themselves "taxpayers," immediately formed a marching army, surrounded the Pentagon and the White House, and held high banners demanding that the government severely punish corrupt officials in the Department of Defense.
In recent years, the U.S. economy has declined, the deficit has increased, the unemployment rate has increased, and the people have lost confidence in the government, and even complained about it, so John wants to use strict corruption to divert the public's attention and shape the people's confidence in the government.
In the afternoon of the same day, Clinton delivered a speech on the White House lawn, televised the Department of Defense incident to the American people, promised to crack down on corrupt officials, and prepared to start the first comprehensive audit of the federal government.
Clinton's speech has received unprecedented public support, and it can be expected that his popular support will definitely increase a lot after this incident.
The audit took three months, and after John explained the work, he left Washington, D.C., with Dani and his party, to continue the inspection.
The second phase of John's tour will be aimed at the Morgan family's military-industrial complex.
Morgan's larger military enterprises have a total of nine, namely General Electric, General Motors, General Dynamics, General Atomics, Northrop Grumman, IBM, Newport News Shipbuilding and Shipyard, Boeing with Citi, and Mitsubishi Heavy Industries with Mitsubishi.
And the first stop on John's tour was General Electric.
GE not only manufactures aircraft carriers, submarines, warships, aircraft engines, various navigation systems, missile systems, fire control systems and various aerospace instruments, but also involves medical, oil and gas, electric power, finance, media, lighting, electrical appliances, transportation, water treatment, energy, ...... There are hundreds of subsidiaries of the entire group, producing as many as 250,000 types of products, accounting for about 1/4 of the total output value of the electrical industry in the United States, so some people say that the United States can do without Microsoft without Google, but not without General Electric.
After John came to General Electric, accompanied by Jack Welch, he first visited the manufacturing plant for nuclear aircraft carrier engines and aircraft engines, and after the visit, John had a separate conversation with Jack Welch.
"The company is very well managed!" John first affirmed Jack Welch's work, and then changed the conversation: "But Welch, I hope you can divest the company's non-manufacturing companies within three to five years, such as media, entertainment and other enterprises, and non-manufacturing companies can only keep the financial part, and then buy back the company's shares and delist." ”
"Why?" Jack Welch was shocked by John's order: "Boss! If these companies are divested, the company's performance will definitely decline." ”
"How many years have you been president of General Electric?" John asked instead of answering Jack Welch's question.
"14 years. Jack Welch replied.
"Do you know what General Electric's mission is?" John continued.
"To be the most valuable company in the world. Jack Welch replied.
John shook his head: "GE's mission is to be the pearl of American industry. Making money has never been GE's mission, and I asked you to divest and delist other divisions in the hope that GE can devote itself to industrial development and improve U.S. industrial technology and industrial manufacturing capabilities, do you understand?"
Industry is the cornerstone of a country's strength, Britain has become an empire on which the sun never sets, and the United States has become a superpower because of industry, so John does not want GE to go astray.
As for making money, this is not unimportant, there are some things in this world that cannot be solved by money, if you have money, you may not be able to build a nuclear aircraft carrier engine, if you have money, you may not be able to build a large aircraft engine, and these technologies are not something you can buy with money.
If a country does not have a strong industry, it will not have a strong national defense strength, and no matter how rich it is, it is just a fat sheep, waiting for others to slaughter it.
So John had to get GE back to being a pure industrial manufacturing company.
You know, there are many things in this world that are far more important than making money.
Although Jack Welch was distressed about divesting other non-industrial enterprises, he also knew that the Morgan family was not only a businessman, but also the head of the Southern government, and improving the country's industrial technology was what the Morgan family needed to do, so in the end he could only nod and solemnly promise John: "Within 5 years, I will definitely divest other non-industrial enterprises and delist." ”
"Very good!" John nodded with satisfaction, but seeing that Jack Welch was a little frustrated, John made a little joke: "Anyway, are you still experimenting now?"
There's a reason John said this meme, Jack Welch is a doctor of chemistry, and when he first came to GE, he had an accident doing experiments and blew up the roof of the factory.
"That blow up the roof was an accident, an accident!" Jack Welch blushed, a very unbearable past in his life.
After inspecting General Electric, John then inspected General Motors, General Dynamics, General Atomics, Northrop Grumman, IBM, Newport News Shipbuilding and Shipyard, and Boeing.
The process of inspection is similar, it is to visit the factory, meet with the senior management of each company, and get to know each other.
However, during the inspection, except for IBM, General Motors and Boeing, the other four companies all cried to John, and there was no way, John reduced the arms order, and their four purely munitions-based companies were greatly affected.
Unlike IBM, General Motors, and Boeing, these four companies account for only 20 percent of their total profits, and the other 80 percent of their profits come from civilian products.
Seeing the four companies crying poor, John's head was also very big, and finally promised to help them sell arms, the senior management of these four companies gave up.
Of course, helping them export arms can only solve the problem for a while, and they will need to rely on themselves in the long run, so John finally gave some advice to several companies to diversify their products in the coming years and use civilian products to support the military.
For example, Newport News Shipbuilding and Dockyard Company can develop into the field of civil and commercial shipbuilding, and aircraft carriers can be built but not merchant ships?
Military aircraft companies can develop into the field of civilian unmanned aerial vehicles, and won't China's DJI have a very promising future in the field of unmanned aerial vehicles? Since the Global Hawk and Predator can be built, are they still afraid that they will not be able to build civilian unmanned aerial vehicles?
John gave the policy, as for whether these companies can develop by the policy, it depends on themselves, of course, John will definitely vigorously help them sell weapons, and the Morgan family's arms enterprises cannot be closed, which is related to the national defense of the United States.