Spring Hill, Tennessee, USA, headquarters of the Saturn Motor Company

"Ladies and gentlemen, let me introduce to you, this is Django from the Special Venture Capital Department of Merrill Lynch. Mr. Ye, Mr. Ye is young, but this year's biggest discovery on Wall Street, was rated as the most potential fund manager in the industry, his control of the Merrill Lynch G3 series of funds currently has net assets of 3.2 billion US dollars, has exceeded the scale of Warren Buffett's partner fund, as the second largest shareholder of Saturn Motors Merrill Lynch Securities recommended candidates, in the new board of directors just ended elected as the chairman of the new board of directors of Saturn Motors! ”

At a press conference, the new chairman of General Motors, Irving. Bieber's opening remarks directly pushed the 25-year-old Wall Street pride into the focus of media reporters, and at the just-concluded extraordinary general meeting of shareholders of Saturn Motors, Owen Bieber, who represents the interests of UAW, played a counterattack, making General Motors CEO John Francis Smith-Jr, who originally wanted to continue to serve as chairman of Saturn Motors, suffer a dumb loss, because General Motors holds 50% of Saturn Motors' shares, and Merrill Lynch's G3 series fund holds 27% of the shares to become the second largest shareholderTheoretically, GM's voting power in the Saturn Motors shareholders' meeting is a monopoly, but Smith, who is the president and CEO of GM, is still pressed by Irving Bieber, the chairman of General Motors, after all, so Smith asked Bieber to cross the river and tear down the bridge.

At the just-concluded Saturn Motors 93 first extraordinary general meeting of shareholders, the 5-member board of directors was re-elected, and Smith, President and CEO of General Motors, who originally played a cameo role as chairman of Saturn Motors, did not get the director nomination of the largest shareholder at all, Owen Bieber proposed two director candidates on behalf of General Motors, one is Lyndon Haydenson, CFO of General Motors North America, and the other is Deng Hudel, the current president of Saturn Motors, and the second largest shareholder, Merrill Lynch, is the candidate who is not to be selected by Django Ye, The remaining two are independent directors, from Tennessee State University Board Chair Janda Glöwen and Jim Clayton of UAW Tennessee Division.

As for Jiang Yelin, who represents Merrill Lynch Securities, was elected by the board of directors as the new chairman, it has become the best choice after Smith is out, after all, the glory of Saturn Motors after its listing on the New York Stock Exchange was created by Merrill Lynch, and the initiator of the packaging and listing of its subsidiaries for General Motors was also the young genius demon from Merrill Lynch Securities.

"Mr. Bieber, as the controlling majority shareholder of General Motors, why would a Wall Street manager with no background in the automobile manufacturing industry choose to be the chairman of Saturn Motors? Isn't Mr. Smith, President and CEO of General Motors, a better candidate? The first to be qualified to ask questions was veteran Wall Street Journal reporter Linda Amelie, and the bespectacled Daily reporter was clearly aggressive.

"This, as the president and CEO of General Motors, Francis has a difficult task of leading the daily operation and management of the entire General Motors, and the board of directors of General Motors has high expectations for Francis, and he has a heavy burden on his shoulders and cannot spare more energy to take care of the position of the board of directors of Saturn Motors, so this time, we have nominated Lyndon Hydson, chief CFO of General Motors North America, to join the board of directors of Saturn Motors, and as for Mr. Django Ye being elected by the board of directors as the new chairman of Saturn Motors, I believe it is a right choice, Saturn Motors now has a market value of more than $7.6 billion, and as the behind-the-scenes contributors to the successful listing of Saturn Motors, shareholders are optimistic about the prospect of Mr. Ye leading Territory Star Motors to success! ”

"Mr. Ye, according to our information, you have dual citizenship of the Maple Leaf Country and the United States, and you only graduated from McGill University's School of Engineering before, and you didn't even study in business school, how old are you this year? 25 years old, right, leading a $7.6 billion car manufacturing company, are you sure this is the right choice for Saturn's board of directors? The second question is Hank Carrawford, a senior reporter for the New York Times, if the beautiful female counterpart of the Wall Street Journal just now pointed the finger at the chairman of General Motors, now Crawford's spearhead is directly poked at Jiang Yelin, how much envy and jealousy of Nima focuses on this 25-year-old Wall Street genius!

"Mr. Journalist, may I ask your name? The New York Times' Crawford, right? I think college education is only the foundation, the key is in personal interests and talents, not to mention that McGill University's mechanical engineering program is ranked in the top 10 in North America, as for your question whether I can lead a public automobile manufacturing company with a market value of up to $7.6 billion, my answer is that of course I can't do it alone, but if the board of directors, management and all employees of Saturn Motors are united, the market value of 7.6 billion is just our starting point!

In the future, our market value will exceed 10 billion, 20 billion, 30 billion, Saturn Auto is still in single digits per share, I believe that in three years we can reach 30 billion market capitalization, or in three years, we will become the top 10 blue chips and constituents of Dow Jones, this is my goal, but also my commitment, if you are a board member, can this goal make you vote for me? Jiang Yelin's answer was confident and flamboyant, and won warm applause from the audience!

The bold words of the new chairman of Saturn Motors spread all over the United States and the world after the press conference, and the headlines of the financial pages of various media were that the 25-year-old Wall Street genius took office as the chairman of Saturn Motors, and everyone was amazed and surprised to take Territory Star Motors to become the top ten in the Dow Jones market capitalization within three years. The market value of 20 billion is like a threshold and a curse, and it is not just any company that can step over and stand on its feet!

Unlike usual, the Saturn car press conference did not hold a grand dinner and cocktail party, in the case of the parent company General Motors for three consecutive years of losses, compression of management and financial costs has become the main theme of the major automobile manufacturing companies in 93 years, Toyota and Honda's single car cost is 70% and 50% lower than the three major automobile manufacturing companies in North America respectively, it is precisely because the island people have achieved the ultimate in fine management and cost control, and the Saturn car was born. It is the shield and attempt of North American automakers to resist Japanese automobiles with cost-effective local car brands.

Springhill, Tennessee, Saturn Motors Headquarters, 2nd Floor Large Conference Room

"Ladies and gentlemen, today is the first all-senior management meeting after the chairman took office, and everyone welcomes Chairman Django Ye to speak to you!" Saturn Motors President and CEO Deng Hudell is 45 years old this year, has been in General Motors for 20 years, he is a native of General Motors with a financial background, and the independent director on the board of directors, Tennessee State University current chairman Jane Glaudian is an alumnus of the same class, it is said that the two were in a relationship at the time, but after 20 years, Glöven was invited to serve as an independent director of Saturn Motors, I don't know if it was for Hurder's face.

"I said too much at the press conference just now, today's Saturn Automobile Department Executive Work Conference, I mainly listen to it with my ears, if I can, starting from the right side of the conference table, everyone will introduce themselves, and then report on the operation of the department in the first two months of this year, the current main tasks, the difficulties of saving, the support needed, etc., that's roughly it, let's get started......"

Jiang Yelin played with the lighter in his hand without a smile, the ban on smoking in the conference room was a rule set by Saturn Motors when it was established 7 years ago, and he, the new chairman, did not want to break this rule alone, in a stack of articles in front of him, there were Saturn Motors' annual work plans and KPI indicators of various departments, of course, including reports such as organizational structure and balance sheet, the first time he appeared in front of the executives of Saturn Motors, he was not ready to be low-key, but he always had to give people the opportunity to speak and express themselves.

The oval-shaped conference table is centered in the West, followed by the right, left, right, and left rankings, if the two sides negotiate, the home and away teams face each other, the home team faces south, and the away team faces north, so the first person Jiang Yelin points to the general is Deng Hudel, the current president and CEO of Saturn Motors, who sits on his right.

"Uh...... Well, I, the president and CEO, came first, Deng Hudel, was born in 1947 in Jacob, a small town near Memphis, Tennessee, graduated from the Tennessee State University School of Finance and Economics in 73, entered the finance department of General Motors North America in the same year, and then spent a while in the quality control and R&D departments of General Motors headquarters, and entered Saturn Motors as CFO when the Saturn Motors Division was established in 85, and began to serve as President and CFO of Saturn Motors three years ago...... Last year, the production and sales of Saturn Motors were 150,000 units, with sales revenue of 4.2 billion US dollars and gross profit of 714 million US dollars, and the production and sales of 25,000 vehicles in the first two months of this year were completed as planned, with sales revenue of 700 million US dollars, gross profit of 119 million and net profit of 32 million ...... Saturn's main problem is that the lack of production capacity affects the increase of market share, and I think expanding production capacity is a top priority, and that's about it! ”

Deng Hudell couldn't help but feel a little proud and proud after speaking, although he coveted the position of chairman for not a day or two, but it is not an unacceptable choice for him to keep the position of president and CEO, you must know that General Motors is the first in the United States manufacturing companies to advocate the concept of professional managers to manage the company, and it is professional managers who are really responsible for the daily operation of the company rather than representatives of large and small shareholders, and many times the chairman is just an honorary position, of course, The young Wall Street pride in front of him controls billions of dollars in Wall Street assets, and now it is the honeymoon period of cooperation between the two sides, so it is a matter of time for the chairman to ignore his minutes as long as the chairman does not wear small shoes for himself.