Chapter 289: Spying on Yourself?
Just when John and Dani were about to get tired of Ariana's torment of their ears, the vehicle finally arrived at IBM Group, and John and Dani were finally freed.
"Dani, take Ariana to the reception room and wait for me, and we'll go back to the hotel together after I've talked to President John Ecks. ”
John got out of the car and hurriedly left Ariana to Daini, and walked towards the office building as if he were fleeing, he didn't want to stay with Ariana's broken mouth for a second longer, he was afraid that he couldn't help but strangle Ariana to death.
"Uh......!"
Danielen was on the spot, she didn't expect John to be so unrighteous and throw Ariana to herself.
Looking at the back of John leaving, looking at Ariana on the side, she suddenly felt a big head, ringing in her ears, and feeling unwell.
"Miss Ariana, let's go. ”
Dani was a little helpless, but she could only take Ariana towards the reception room and continue to accept Ariana's torture.
On the other side, John was relieved after leaving Ariana, after several hours of torture, his head was buzzing, and now he finally managed to escape, and he felt like he was going to have the rest of his life.
When people are happy, their steps are brisk, and it didn't take long for John to arrive at the president's office on the third floor.
John Ax was very happy to see him coming, and during this time he was overwhelmed by the board of directors and desperately needed John to help him carry the pressure of the board.
"Boss, sit .......
Boss, you drink coffee ....... ”
John Ex served John diligently, like a dog, so that John was a little unaccustomed.
"Sit down, President Exx," John said, taking a sip of his coffee and placing the cup on the table. "Tell me, I have to come for something. ”
"Boss, wait a minute. ”
John Ex hurriedly ran to the back of his desk, pulled open a drawer and took out a folder from inside, and then sat down on the sofa.
"Boss! This is a layoff document that needs your signature.
This is a document for the sale of assets and requires your signature.
This is a document to buy back shares and requires your signature. ”
John Ex said as he pulled the file from the folder and handed it to John. Although he is the president and CEO of the company, he does not have the final say on everything, such as selling the company's assets and buying back shares, and other major events require John's consent.
"How much money can be recovered from the sale of these assets?" John took the papers, first picked up the documents for the sale of assets, and looked at them, which were all the names of some factories.
These factories are IBM's relatively backward factories, not only limited production every month, can not bring value to the company, but will also drag down the company's finances, so it is better to sell them, reduce the financial burden on the company, in exchange for some working capital.
These factories are aging and have been built for a long time, so they can only recover about $1 billion at most. John Ex replied truthfully that he did not dare to make random offers, lest he would not have fun when he got it.
"Hmm. ”
John nodded, took the pen from John Ex and signed his name, IBM is short of money now, it is better to get it back than to post it upside down every month.
After signing, John handed the sale of the asset document to John Eks, picked up another document again, and looked at it, just watching his brow furrow.
"Need to lay off so many people?"
John was surprised, he was looking at a layoff document. The number of layoffs on the document is as high as five figures, 61,238 to be exact, and the resettlement payment is even more terrifying, as high as $8.93 billion.
More than 60,000 people were laid off at once, which could be the largest layoff in history. IBM has never laid off a staff in 70 years, but a cut is destined to shock the world.
"Yes boss, most of these people are employees in backward factories, which are about to be sold, and it is impossible for other factories in the company to house them, and laying them off is the best solution, and it will save the company a lot of money. ”
This last sentence is John Ekes's purpose, although the layoffs will be paid settling, they can save more than 60,000 people in wages.
"Okay!"
John lifted the pen and signed his name, IBM is now reorganizing eight major departments, many departments are still being created, such as mobile phones, home appliances these new departments have to redevelop new products, not a year can not be done at all, so layoffs are necessary, it is impossible to raise so many people! IBM is an enterprise and not a good hall, as long as it is an enterprise, it needs to make profits, and it needs to open source and reduce expenditure.
After signing, John picked up the last document and looked at it. This is a document to buy back shares, which John is going to do, so there is nothing to say, so naturally he signed it very happily.
"By the way, what is IBM's stock price now?" John asked suddenly, after signing. Some time ago, IBM's stock price was $37, and he doesn't know how much it has fallen now, but he is very concerned, because for every dollar that the stock price falls, he can pay tens of millions of dollars less when he buys back.
"In the past few days, I have been contacting the media to sing about the company's decline, the outside world is not optimistic about the company's prospects, have sold the company's shares, and now the stock price has almost fallen below $30, yesterday the last closed at $31.1, and when the news of layoffs is released, I believe it will fall out of $30. ”
"Good. Then contact the media a little more, send out the news of the layoffs as soon as possible, and wait until the stock price falls below 30 and we will start buyback. John is happy that if the stock price falls below $30, he will save hundreds of millions of dollars when he buys it back.
"Okay, boss. ”
John Ex nodded. Then he looked at John with some words and stopped.
"Boss, there's something I want to tell you. ”
Say. ”
"I was looking for the media to talk about the company during this time, and Director Dean Morgan knew about it, and he specifically brought it up at today's meeting, and finally pulled you out to stabilize him temporarily. What do you think is going to do about this?"
John Ex's purpose in telling this is very simple, he wants John to settle Dean Morgan, who can't afford to offend the core members of the Morgan family.
"Oh, Dean is a director at IBM?" John was a little surprised, he hadn't heard anything about it before. "When did he come?"
"Last week. John Ex replied.
"Where is he now, let him come to see me. John wanted to meet his younger brother, he couldn't understand how the Great Elder would send his great-grandson to IBM, Dean Morgan is a core member of the Morgan family, if he is sent abroad, it should also be sent to the Morgan family's second-tier company, how can he send a third-level company like IBM?
Could it be that he was spying on himself? John thought about it, and finally gave a more reasonable explanation.