Chapter 1335: Shame and Shame (67/76)
New York, Monday, November 17.
Jeff Immelt, as usual, walked into his luxurious office, handed his trench coat to his secretary, and patted the little secretary's Buttocks wrapped in a tight skirt in exchange for a charming white eye.
Sitting in the boss's chair, a symbol of power, he picked up the documents that had been neatly arranged on the table, and sipped steaming fragrant coffee while reading the briefings sent by various departments of the company.
Ever since the financial crisis exposed the risks inherent in the financial business that Welch had created, CEO has been trying to reinvent GE once again, hoping to reinvent GE through reform, to build it into a digital company, to lead GE to glory again, and to become a company leader that investors can trust like Welch.
In the United States, all it takes is a name for investors to have the potential to support a conglomerate. For Wall Street today, Amazon's Jeffrey Bezos is synonymous with the right choice. The same goes for Warren Buffett. Well, there may be an even younger Andy Smith now.
In fact, part of the reason behind GE's past success lies in investors' unwavering trust in Welch's legendary CEO. The head of the business always seems to hit his quarterly performance targets as accurately as clockwork. And this model began to waver in his own hands as a successor, which he undoubtedly did not want to see.
Warren Buffett's capital injection and Andy Smith's short-term help do not seem to have brought GE out of the quagmire, but instead made Warren Buffett miserable, but Andy Smith, a shameless guy, chose to sell all the stocks he just bought to flee when GE's stock price rebounded and seemed to be in a good form.
At the beginning, he was short-sighted and ridiculed about him, but now it seems that the real stupid person has become himself, thinking of the other party's sunny smile with hypocrisy, and that indifferent hehe, Jeff has an urge to punch hard.
Ahem, alas, I can't beat that bastard!
But fortunately, he is holding the little bastard's coveted things in his hand, in the negotiation of the acquisition of NBCUniversal, Jeff has been biting to death and asking too much, forcing the other party to agree, he is very clear about Andy Smith's ambitions and hole cards, and he is not worried that the other party will give up the merger and acquisition plan, after all, the three major broadcasters in the United States, only NBCUniversal is the most likely to be acquired, it is definitely a scarce asset, and they are not worried about finding other buyers.
Although General Electric's stock has fallen for 8 consecutive trading days, and the stock price has fallen by about $3, but because of the good news support of merger and acquisition negotiations, there has been no sharp plunge again.
It's not like Citibank, which has become a laughing stock, the stock price fluctuates around $1, and everyone is waiting for the 'miracle' of falling below $1 like a joke...
"Knock-"
The hurried knock on the door made Jeff, who was still thinking about the problem, frown, and as soon as he looked up, he saw the company's chief market analyst, Quincy Cross, push the door and break in.
"Boss, something is wrong... ”
Jeff's brows furrowed even tighter, and he stretched out his hand to signal the other party to sit down and talk, but Quincy, who had an unusually ugly expression, did not sit down, but said in a bitter and anxious tone: "Just now, our stock price fell below three dollars and began to plummet, and the tracking result is that someone is shorting our stock, and the other party is strong... ”
"Boss, Mr. Jin Ning has something important to see you... ”
"Jeff, just now, Andy Smith called us to terminate the NBCUniversal merger negotiations, accusing us of lack of sincerity and refusing to pay liquidated damages, and will later sue us for deliberate sabotage of negotiations and commercial fraud by GE... ”
"Bang!"
"This bitch raised it!" Hearing this, even if Jeff Immelt is a fool, he knows who is behind the black hand and sticks a knife, this is to toss the stock price of General Electric to death!
Then, under the explanation of the company's chief analyst, he completely understood that the other party was planning and premeditated a short-selling behavior against xing, and the time node chosen simply made them have no way to fight back, after all, the economic data just released has led to the decline of the global stock market, and under the panic, even if they spend money to support the market, it is just a drop in the bucket, and they are just a drop in the bucket by the greedy monster that has opened its huge mouth.
Jeff grabbed the phone in a cold sweat and called MG Chase, the controlling boss of General Electric, but unfortunately, the reply he got made Jeff smile bitterly, and the possibility of the city disappeared completely, but now is not the time for him to panic, grabbed his mobile phone, and hurried to the financial department with the two people in the office.
Looking at the constantly beating red numbers on the LCD wall, Jeff's face turned pale, his fists clenched, his muscles bulged, and his lips trembled. (U.S. stocks are green when they are rising and red when they are falling.) )
1.5
1.4
1.3
。。。。。。
When the stock price plummeted to about 1.1, Jeff finally couldn't hold his breath anymore, "Start the buyback plan... ”
Buzz –
Jeff Immelt's trembling fingers took out the buzzing phone from his pocket, and it didn't look obvious, his eyes staring directly at the blood-red number in front of him.
"Hello, I'm Jeff Immelt... ”
"Good morning, Mr. Immelt, I'm Jean Renault, here's the thing, we're Vivendi... ”
"Bang!"
"FXXK! You sons of bitches who should go to hell... ”
Jeff, who was still squeezing out a little smile, turned off the phone after hearing the other party's quick speech, his whole face turned completely black, and he slammed the phone directly against the wall with a hideous expression, trembling loudly and roaring, reaching out to support the table on the side, so that his somewhat shaky body could be supported.
At the same time, in the trading room of the Gaia branch of London's Financial Street, the LCD TV wall is divided into two, with a video connection on one side and the U.S. stock market data on the other.
Andy stands in front of the LCD wall, one hand in his pocket, the other holding a cup of coffee, while behind him are all his men with burning eyes, including Robert, Ammar and David Dunn, who came together to witness a certain moment and watch the excitement.
"Boss, Vivendi announced it to the public. ”
Andy's originally calm face, the corners of his mouth turned up, revealing a sunny smile, a flash of fierceness in his eyes, after taking a sip of coffee, he put the coffee cup on the table next to him.
"Smack!"
The left hand in the pocket was pulled out and slapped together with the right hand, so that everyone's eyes were focused on him, Andy looked at the big screen Alvitre and Bardstone waited with serious faces, behind them were hundreds of traders who were ready.
"Crush it!"
"Roger, boss!"
"Start selling!"
Cracking sound......
In the London trading hall, where the pins can be heard, the sound of the keyboard is clearly heard, as well as various shouts of holding the phone to report the numbers.
"$0.97!"
The picture is split in two.
London, Andy with his arms around and his chin on his cheeks, a smug smile that looks down on the world;
In New York, Jeff sat pale and sat in a chair, looking up at the dark green '0.97' number with a bitter expression.
On the New York Stock Exchange, all the traders opened their mouths wide and looked up at the stock price of General Electric, which had fallen below a dollar, as if the air had frozen and time had frozen.
Since Thomas Edison's creation, it has grown rapidly into an outstanding multinational company, representing the benchmark of the most cutting-edge business model in the United States, and a great landmark enterprise in the United States, GE has suffered a 'great disgrace' - the first and probably the only 'penny stock' in the world's top 500 companies whose stock price fell below $1!
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