Chapter 291: Integrating Enron

……

"Ahh

Guo Shouyun, who sneezed a few times in a row, rubbed his nose, "It can't be someone scolding me, right?"

Shaking his head, he pushed the superfluous thoughts out of his mind. Possessed and rubbed on the tender little faces of the two little guys.

"Babble...!"

It is said that the daughter is the lover of her father's last life, and Guo Shouyun also thinks so. Among the two little guys, his daughter kissed him. No, knowing that his father was leaving, he stretched out his little hand and grabbed his father's ear. Don't say it, it's not a small hand!

Gently took down her daughter's little hand, and after glancing at the two little ones affectionately again, she turned to look at the lover next to her who was wearing loose home clothes, hair shawl, and exuding maternal brilliance.

"It may take me a little longer to go back to the United States this time, but when the matter is settled, I will definitely come back as soon as possible!" Guo Shouyun said with love.

"Well, my child and I are waiting for you to come home!"

With that, Molly Bevan stepped forward and threw herself into her man's arms!

The two hugged each other like this for a while, until the time was almost up, Guo Shouyun reluctantly pushed his lover away, took one last look at the child, and turned to go downstairs.

Leaving the manor and getting on a private jet to New York, the content of the work gradually obscured the longing for home!

He came back this time mainly for the sake of safety! Since the decision to buy the American energy giant again, he has been following the progress of the matter.

Because of his previous experience, he originally thought that the acquisition of a giant with assets of tens of billions would encounter many difficulties. But it turned out to be smoother than he expected. In just half a month, the negotiation team led by Rebecca Mark reached an acquisition agreement with the board of directors of Enron and Enron's creditors!

"Pan Pacific Energy Group buys Enron for a symbolic $1 and assumes $33 billion of Enron's debt! and, within a week of signing the contract, pays off Enron's $2.19 billion when it is due, and the remaining debt can be deferred for a year...!"

The conference room at Nuoda was filled with all of Pan Pacific and a handful of Enron executives, and Rebecca Mark's serious and high-pitched voice echoed in it!

Guo Shouyun, who was sitting on the main seat, listened briefly, and then focused on the information in his hand.

This is a detailed investigation report involving Enron's assets. Its submitter is still Rebecca Mark, and it is clear that even after being humiliated by Jeffrey Jilin and the plan to acquire Enron was put on hold, she still did not give up her goals, or obsessions!

In any case, the report did give Guo Shouyun a good way to familiarize himself with Enron's internal situation in a short period of time.

However, after seeing this information, Guo Shouyun's heart was a little complicated. Enron's situation now is even worse than he originally expected.

Of the so-called $80 billion in assets, only about $60 billion remains. And less than 30% of them can achieve positive profits. The main operating income was US$11.2 billion, nearly ten times lower than the US$102 billion in 2000. The most exaggerated is the net profit attributable to the company of $238,000. That's the amount of money that can be achieved by a small company. Earnings reserves, capital reserves, and current assets, which are important data for assessing the value of enterprises, are also miserable.

"No wonder Enron's board of directors and creditors are so generous, and now Enron is basically no different from an empty shell!"

But even so, in Guo Shouyun's heart, peace is not completely worthless. Its power plants around the world, the largest natural gas pipeline network in the United States, and the connections it has built up over the years are all important assets that can quickly take the Pacific Group to the next level. Of course, it takes a lot of effort to get these assets back into their worth again.

While Guo Shouyun's thoughts were drifting in his mind, Rebecca Mark finished her speech.

After waving her hand to sit down, Guo Shouyun crossed his hands on the table and said to everyone's eyes: "No matter what your opinions are about this acquisition." I would like to emphasize that from now on, Enron is part of the Trans-Pacific Energy Group. I hope that you, as company executives, can cooperate sincerely and manage the company well!"

"Of course, I also know that this is not easy, and it requires time and money, as well as detailed planning! I will give you the money, and I will arrange the time uniformly. As for planning, we've talked about it many times before. Now, I would like to make three requests of you. ”

"First, reduce administrative expenditures. Enron's $2.5 billion a year is an exaggeration, five times the size of the Pacific Group, which is twice the size of Enron today. Sell all the company's luxury cars and private jets, and in the future, whether the company's senior or middle management, the company's official expenditures will be implemented in accordance with the new standards of the Pacific Group!"

"Second, reduce the administrative hierarchy and cut unnecessary administrative entities. Later, under the head office, 18 secondary subsidiaries in the United States, Greater China, North America, South America, East Asia, etc., were established, and branches were set up under the subsidiaries, requiring that all administrative levels should not exceed 5 levels. In addition, the number of 3,000 subsidiaries under the original Enron is too much, and after the rectification plan is finalized, all the excess will be eliminated and all the extra personnel will be cut. ”

"Third, reduce the scope of business. As I emphasized, Pan Pacific is an energy and utilities company. The communications business, which was originally under Enron's subsidiary, was sold for papermaking, wood processing, coal mining and other businesses, and the profitable businesses were sold first, and if the loss-making businesses still had the value of rectification, they would be sold after rectification. Valueless direct layoff. In short: to ensure the best interests of the company. ”

"Boss, is the communications business going to be sold now?" asked Jonathan Weir.

Guo Shouyun understood what he meant, with more and more voices of Worldcom's collapse, now the Internet industry has really fallen to the bottom, and if the communication business is sold at this time, it will not make much money at all.

"That's right. Enron's communications business is different from the original Southern Company's communications business. Enron's main force is in the Internet fiber optic aspect, while the Southern Company is more in the telecom fixed line. At the current rate of technological advancement, even if the Internet comes out of the trough, the equipment that Enron spent a lot of money on is outdated. Since we are not ready to work in the telecommunications industry, it is better to deal with it as soon as possible and return a valuable amount of money. ”

"Got it!"

"Today, Pan Pacific Group has three subsidiaries: Pan Pacific Power, Pan Pacific Energy Services, and the Pan Pacific Energy Trading website. With Enron's merger, the original administrative structure is no longer suitable. I have now decided to create two new companies under the head office, namely Pan Pacific Oil and Gas Company and Pan Pacific Capital Company. ”

“… All of Enron's power plants, power distribution, retail, maintenance and other businesses, as well as power plant construction and maintenance businesses, were merged into Pan Pacific Power. ”

“… Enron's natural gas pipelines, natural gas distribution and retail, and natural gas equipment maintenance businesses were transferred to Pan Pacific Energy Services. ”

“… The former trading arm of Enron was transferred to the Pan Pacific Energy Trading website. In the future, the categories of commodities traded on the website will be temporarily divided into seven categories: oil, natural gas, electricity, steel, metals, grains, and meat, excluding water and wastewater, optical fiber, weather and wind management, and other trading categories. ”

"Boss, if that's the case, isn't it appropriate to call it an energy trading website?"

A young man with gold-rimmed glasses raised his right hand, and of all the executives present, John Roberts, who heads the Pan Pacific Energy Trading website, was the youngest.

This is also understandable. After all, the Internet is a new industry, and those who really understand this industry are young people. And John Roberts, a close confidant of Guo Shouyun personally transferred from LinkedIn, is one of the leaders.

"It's not quite right, do you have any good suggestions?"

"Whether it's energy, grains, or meat, they're all commodities in the final analysis. In the meantime, I propose a revamp to the new website. Simplify the homepage, set up secondary sub-menus, and design a new layout with clear layers for each product category, and introduce an on-site search system to optimize operability and humanization!"

Guo Shouyun smiled and nodded, "I passed your proposal, write a report and hand it to me after the meeting!"

"Yes!"

"John, I would like to remind you that the Pan Pacific Commodities Trading website is fundamentally a place to provide a place for the exchange of commodities and commodities, and we want to provide the best services for both sides of the transaction, including financial services, logistics services, legal services and so on. The core value we provide has always been service, not simple exchange, and it is not like Enron to do futures for the purpose of trading, do you understand?"

"Understood!"

"By the way, the financial cooperation with PayPal and Phoenix, especially PayPal, as a third party, can ensure the safety and fairness of transactions, and also avoid the problem of transfer fees between different banks. ”

Meat to rot in its own pot is to involve Internet finance, PayPal is definitely the first choice.

“… As for logistics and law, you can work with logistics companies and law firms!"

"Yes!"

Guo Shouyun nodded, "Let's continue with the topic just now." Enron Oil & Gas Company, including all the oil and gas exploration, extraction, processing, storage and other businesses of the two companies, is transferred to the newly formed Pan Pacific Oil and Gas Company, and the CEO of the company, Corey Frevitt. ”

As soon as the name came out, everyone's eyes were on a middle-aged man sitting in a brown suit and black-rimmed glasses sitting in the crowd. Cory Frévert, who was called by name, was stunned for a moment. Even he himself did not expect that he, as an old minister of Enron, could join the core decision-making circle of the new company. After all, Enron's relationship with the new boss is almost well-known, coupled with the undisguised dislike of Enron's top management in the other party's tone before, he almost thinks that he will be swept away after this meeting.

Feeling the changes on the scene, Guo Shouyun smiled faintly and said to everyone: "I respect every talented person. As a veteran executive of Enron and CEO of Enron Oil & Gas, Enron's performance has risen steadily over the past decade. The company's assets have grown from 1.5 billion at the beginning to nearly 8 billion US dollars now. Mr. Frévert is a great contributor to the fact that you are the most appropriate leader for the new company and I have pledged to invest $2.5 billion over the next three years to grow the new company!"

Enron was able to grow from a small company in Houston to a world-class energy giant. Although the vast majority of them are bastards, there are also some high-quality talents with both ability and integrity. And Corey Frévert is one of them.

"Thank you boss!"

Corey Frévert's tone was tinged with excitement. Although it has been in the mall for a long time, this feeling of being trusted and valued is always so touching.

"I'll give you the money, but the personnel and organizational adjustments of the new company can't be missing!" Guo Shouyun said.

"Understood!"

The latter nodded vigorously.

"Finally, Pan Pacific Capital, all of Enron's companies that are not related to the business of the previous four companies, are all transferred to Capital Corporation. The capital company is responsible for rectification and trading. ”

Enron has more than 3,000 companies, including power plants, oil companies, and pipeline companies, as well as steel mills, paper mills, slaughterhouses, sewage treatment plants, and so on. None of these companies are part of Pan Pacific's business, so the result of dealing with them is to sell them for money. And the most suitable person to deal with these companies is Rebecca Mark, who is most familiar with Enron!

"Rebecca, you will be the CEO of the new company, and you will also serve as the executive director of the board of directors of the company, as well as the vice president of the company, and have the right to supervise and advise the finance, personnel and law of the head office. ”

Wearing a black lady's suit, with short ear-length hair, Rebecca, who has a capable temperament, nodded slightly. A ripple flashed in his eyes. But the calm and serious expression on his face did not change in the slightest.

And the eyes of the people around her looked at her with a little complicated, because Guo Shouyun's words directly raised the other party's status to the third place after Guo Shouyun, the chairman and CEO of the board of directors, and President Jonathan Weir!

"Oh, yes. After the acquisition of Enron, the company's registered name was changed. Pan Pacific Energy Group and Enron merged to form 'Enron Pacific', or 'Anping'!"

After a pause and letting them digest it, Guo Shouyun then said: "Everyone, I will give you half a year to adjust your understanding and management structure, and during this period I will supervise and inspect your work ability. If your ability and results are not satisfactory to me and to the board, then I'm sorry, you're not a good fit for our company! So guys, you have half a year. Let me see what you are capable of during this time. ”