General Motors Headquarters, President's Office, Detroit, Michigan, USA

"Boss, there is a total of 600 million funds left in the standby account of the strategic investment department, all smashed out this afternoon and almost failed to hold the stock price, today's trading volume is more than three times more than in the past, waiting to fall into the well to make us look good is not only Merrill Lynch Securities, even Merrill Lynch Securities, people's capital and confidence are much stronger than ours, and, I heard that the G3 fund's trading style is quite fierce, in order to be safe during the period, The 10 million shares of the company that I bought this afternoon must be sold and withdrawn as much as possible, otherwise this is a bottomless pit......"

Mike Doug, the vice president of the company in charge of the strategic investment department, is in his early 40s this year, is a college classmate of Rick Wagner, CFO of General Motors, and has worked in Salomon Brothers and Morgan Stanley before, and is also an expert in investment banking and securities banking, but after jumping to General Motors, he is mainly responsible for corporate mergers and acquisitions and asset sales. So Doug didn't understand Smith's attempt to use the company's liquidity to support GM's stock price as president.

"I absolutely can't allow anyone to interfere with and influence Saturn's listing plan, Doug, you used to be a master of investment and management assets at Goldman Sachs and Morgan Stanley, I ask you, how much money will it take to pull the stock price of General Motors back to more than 62 yuan?!" Smith gasped in his nose, he complained a little that Wagner was not good for the market this afternoon, of course, at a price of $56-57 per share, the $600 million in the emergency reserve account of the investment department is really not a big deal, but for a big blue-chip company that needs 13 billion liquidity in a single month to maintain daily operations, it is still completely possible to temporarily squeeze out 1 billion financing to win this battle!

"Boss, I don't think it's a wise move, our cash flow is already very tight, if a $500 million corporate bond financing from Bank of America can be put in place this week, we still have a gap of almost a billion in daily operating funds this month, and it is definitely a move to draw liquidity to buy stocks at this time!" Mike Doug's temper is more stubborn and opinionated, which is why he has made great achievements at Goldman Sachs and Morgan Stanley but is not liked by his bosses.

"Rick, what do you think?" Of course, Smith knows Mike Doug's stubbornness, so he turned his attention to his CFO, speaking of which Mike Doug can be the vice president in charge of strategic investment, behind which is Rick Wagner's strong sponsorship, of course, Mike Doug is indeed a talent, but his temper is too upright and even stubborn, and there are really many times when people have headaches, such as now.

"Well, the wall is down and everyone pushes, I see that the major securities and investment banks that are in front of the hope of becoming the underwriter of the Saturn Automobile Listing, but there may be competitors in the same industry behind it, my personal opinion, the biggest short in General Motors is Merrill Lynch Securities, Merrill Lynch itself is the No.1 securities company, Merrill Lynch's every move and even the research and analysis report can easily guide the market's judgment and direction, no matter how large the volume of General Motors is, the speculation of stocks is certainly not comparable with these well-known professional securities companies...... The bell must be tied to the bell, Francis, I think everything is precious......"

Rick Wagner's words are actually very clear, in the stock market and a large group of brokerages to play against the table is absolutely beyond our strength, maybe it will die ugly, now the biggest short is the most powerful and fierce Merrill Lynch Securities in the brokerage, as long as Merrill Lynch Securities can be pulled over, everything is easy to do, maybe a Qiē will soon be calm and on the right path, of course, it must reflect the sincerity of General Motors, not like before, let a legend like Gordon Geko in the General Motors headquarters to touch a nose……

To put it mildly, a senior executive of a listed company like Rick Wagner, without the halo of General Motors, will greatly decline the value of the entire workplace, but a legend like Gordon Geko is different, it can be said that it is the most scarce precious resource in the investment bank and securities industry, if Merrill Lynch loses Gordon-Geck, the big loss is Merrill Lynch instead of Gordon-Geck, he can always find a higher position and better salary in other investment banks and securities companies, because he is a real legend!

"Are you kidding, let me bow to Merrill Lynch? Don't forget that these bunnies cost GM $1.9 billion less in one afternoon! Tell me to bow your head now, you might as well kill me! General Motors is also the No. 1 automaker in the United States, can't our market capitalization and funds beat a Merrill Lynch bullshit fund? "It's not easy for Smith to hate that guy named Django at this moment.

"Can't win, BOSS, this is not a problem of funds, but a problem of market public opinion, as a party to General Motors, don't forget that we have been losing money for three consecutive years, every year investors and shareholders have lost billions of dollars, we blow ourselves to the sky, not as good as those senior analysts of other securities companies A report and article the size of dried tofu, not to mention at the critical moment when Saturn Motors plans to go public, These potential underwriters can't wait for our stock price to fall all the way to $6, and only when the company is in a recession can the brokerage ask for a sky-high price, on the one hand, increase the proportion of commissions, and on the other hand, lower the price of the underwritten stock, the market is so realistic! ”

Mike Doug's words seemed to sprinkle a handful of salt on the wound of the president of General Motors, and the 55-year-old Smith grinned and walked around the wide carpet in the office several times, and finally stopped and asked his CFO, "I can't accept it if I bow to that little bastard of Merrill Lynch, can I cooperate with Morgan Stanley or Goldman Sachs, these two securities companies may not be as good as Merrill Lynch alone, but together this strength is more than Merrill Lynch, we work with them to pull up the stock price, Let the IPO of Saturn cars sell for a good price! I'm going to suffocate those Merrill Lynch bunnies! ”

"Boss, to be honest, I don't do this, we can't push the most powerful company in the securities industry to the opposite side, once we officially cooperate with Goldman Sachs or Morgan Stanley, it will be Chiguo's slap in the face of Merrill Lynch, this feud will be a big deal, in Goldman Sachs and Morgan Stanley can not find a cow like Gordon Gake, this kind of person can be our friend, or at least remain neutral, but must not become the enemy of you and me, we are definitely not people's opponents in the capital market!"

Rick Wagner's bitter exhortation did not move Smith, the president of General Motors waved his hand and signaled the meeting to dismiss, but left Rick Wagner and Mike Doug behind, and the secretary Kate was kicked out, and the three of them closed the door and began to discuss secretly.

"Francis, I'm still building yì you think twice, we are the No.1 in the big blue-chip automobile manufacturing industry, it sounds bluffing, but the assets managed by a Merrill Lynch's GPC exceed the total assets of our General Motors, not to mention any net assets, to say that the cost and efficiency of financing Merrill Lynch also throw us off a few streets, investors investing in General Motors are optimistic about the automobile manufacturing business, but not optimistic about us laymen in the stock market and the country'......s No. 1 brokerage to fight for the stock price." Rick Wagner's bitter advice, he regretted that he proposed to use emergency reserve funds to enter the market in the afternoon, and now the effect is almost negative, not counting the cash flow of 600 million US dollars, the stock price cannot be supported at all!

"But we can't ask Merrill Lynch to let those grandsons lead the way, right? That Django is simply a reincarnated guy of the demon god, I'm worried that once we raise the white flag and surrender, the situation will be completely controlled by the other party in the future, I admit that Django Ye gave me a lot of inspiration and help in the plan of Saturn's listing IPO, but people are favors, business is business, I can't take GM's future risks, right? Smith is still stubborn, and the 55-year-old GM president and CEO is a very competitive boss at heart, and he really doesn't want to make himself a marionette of Merrill Lynch's wonder boy!

"Boss, if you want to fight with Merrill Lynch, we General Lynch alone will definitely not work, investors and shareholders will not agree, once the stock price collapses, it is likely to trigger a series of unexpected reactions, the reorganization of the board of directors is light, and the cash flow break leads to bankruptcy protection or restructuring is completely possible, I build a top priority, first pull the big securities companies other than Merrill Lynch Securities into our camp, and the bargaining chip in exchange is naturally the Saturn Automobile listing underwriting qualifications, I proposed that Goldman Sachs or Morgan Stanley take the lead as the lead underwriter, so that the interests of General Motors would be tied to the other party, and I believe that Merrill Lynch's attack could be suppressed! ”

Mike Doug worked for Goldman Sachs and Morgan Stanley for a long time before coming to General Motors, and his personal connections and personal feelings are good, compared to the behemoth Merrill Lynch, Mike Doug certainly hopes to stand in the same trench as Goldman Sachs or Morgan Stanley.

"Okay, I've decided, Rick, Mike I need your unreserved support, this is the most serious challenge facing General Motors, if you don't give a lesson to a bears like Merrill Lynch, people will come to bite us at any time if they taste the sweetness, this matter, let Mike take the lead to talk to Goldman Sachs and Morgan Stanley, the bottom line is to stabilize the stock price of General Motors, and if you can't do this, tell them to get out! I don't believe that so many big investment banks and brokerages have not been able to resist Merrill Lynch, and besides, the news side still has our cooperation, I want to see if the rumors in the market are strong or our official announcement is powerful! "Smith made the decision!