Chapter 378: The Great Temptation
Spring Hill, Tennessee, USA, Saturn Motors Headquarters, Chairman's Office
"Tennessee people have never been afraid of power and dictatorship, if the chairman thinks that I, the general manager of human resources and public relations, am incompetent, I can resign......" Helen Lacey bit her lip, the anger in her eyes looked like a beautiful female beast with blue eyes and snow, and the girl regretted that she didn't ask for a cup of coffee just now, otherwise she would be able to splash Jiang Yelin's face with pleasure now!
"Miss Lacey, don't be impatient, as you said, if the production and sales, market share, sales revenue and net profit do not go up, no matter how high the stock price and market value are, the castle will collapse at any time, I hope you understand that I did not come to Saturn Motors to be a well-established nominal chairman, it is true that I do not have much experience in the automobile manufacturing industry......
But, because of this, I am full of respect for you industry experts who have been in the automotive industry for ten or twenty years, and I have no preconceptions about you personally, but the market needs a qualitative leap of Saturn cars in the next three years, if this year's production and sales cannot reach 500,000 units, or our sales revenue cannot be doubled, I am afraid that the market will not give Saturn cars the opportunity to give Saturn cars the second and third years......"
Helen Lacey really wanted to resign just now, but as soon as Jiang Yelin said this, she looked really sincere, and she couldn't help but soften her heart, and sat silently in her chair wondering what the other party wanted to get from herself? Anyway, it's definitely not to force yourself to resign from the Saturn car!
You must know that although the young chairman of Wall Street parachuted in looks high-profile, his figure and temperament are really eye-catching, not to mention that the other party is starting from scratch and now controls more than 3.2 billion US dollars in fund assets, Buffett's partner mutual fund started from 10 million US dollars, and it took 30 years of hard work to reach the scale of 3 billion US dollars.
"Miss Lacey, don't you have anything to say? Will Mr. Deng Huddle be able to meet the performance targets I have set for Saturn Motors? As the general manager of human resources and public relations, you have worked side by side with Saturn for three years, and if there is no answer to this question, then I really need to reassess the education standard of Harvard Business School......" Jiang Yelin's face was still smiling, but his tone became stern.
"Chairman, I have a Ph.D. in media and public relations from Harvard, not Harvard Business School, Saturn Automobile 82 years of preparation, 85 years of construction, 90 years of July off the assembly line of the first Saturn car, now Chunshan Saturn Automobile Factory 8000 workers in three shifts, in order to complete the production plan of 12500 vehicles per month, if the production capacity needs to be increased to 500,000 vehicles, I don't know how long it will take to achieve, but even if the plant is expanded and the number of workers is doubled, it will not be possible to do it in half a year, Even half a year is not enough, I don't know, there are only a handful of brands under the entire General Motors that can exceed 500,000 units per year, I don't think that Saturn cars can take a leap forward because of the listing, which is beyond the current ability of Saturn cars! β
Helen Lacey's answer to this sentence is decent, and it is a little frank at the beginning, how to say it in the IPO plan of Saturn Motors, and do not say it, doubling this kind of performance goal every year, whether it is any brand under the command of the three major automobile manufacturers in North America, or Toyota, Honda, Germany, Volkswagen, and the United Kingdom, Lovre can not actually do it, the average profit margin of the automotive industry is less than 10%, and the growth of the market is far from reaching the Cheng dΓΉ that can double every year, although Saturn Motors has a good start, But to say that it can become an influential brand, it is still far from it!
"Thank you for your candour, but can you understand that Mr. Deng Huddle and his senior management team are not able to meet the goal of doubling the results requested by the Board of Directors this year?" Jiang Yelin's words were hidden in the needle, and the pit was obviously dug and the others jumped inside.
"It's not a problem with President Deng Hoodell and the executive team, it's a problem with the board of directors, I know Wall Street believes in the practice of bragging, but we do car manufacturing, every car is actually made from the production line one by one with parts and screws, and the production capacity of 150,000 vehicles If the capacity expansion regardless of the cost, maybe the infrastructure and plant construction can be completed in that year, including the commissioning of the production line and the recruitment and training of personnel, but the time has passed, even if the production capacity can be increased in the third quarter, In the remaining quarter, we will not be able to produce 350,000 vehicles after the increased production capacity! β
Helen Lacey is a little skeptical that Jiang Yelin's brain is in the water, the automobile manufacturing industry is not a Wall Street stock speculation, a few phone entrustment orders under the capital account as soon as the deal is in place, and even a corporate merger and acquisition, everyone sits down to shake hands and sign a deal, the expansion of automobile production capacity is equivalent to building a new one or more manufacturing plants, at most it saves the cycle of new car research and development and the foreshadowing of market channels, and other miscellaneous things are no different from building a new factory, Moreover, the recruitment and training of workers is also a headache, skilled automobile industry workers either dig or train, can meet the requirements of the production of qualified automobile products, there is a long way to go!
"Miss Lacey, it's not interesting to go around in circles, how many things I have to do in minutes, you just say, can Mr. Deng Hudell lead the senior management team of the Territory Star Motors to complete the Saturn Motors' goal of producing and selling 500,000 Saturn Cars this year, I want to listen to the truth and listen to the truth, without any personal feelings, this is not a business negotiation between the general manager of human resources and the chairman, I just want to hear the truth, if you think it is necessary, the conversation between you and me today, no third person will know, You see, you haven't even recruited a secretary and an assistant for me! β
Jiang Yelin said while looking at the eyes of the snow-skinned blue-eyed beauty, with a trace of anxiety in her sincere attitude, obviously if Helen Lacey can't even be honest, no matter how high her IQ is, no matter how long she will bring disaster to the country and the people, there is no place for her in Jiang Yelin's business empire, as for the father of Lacey, who is the senior vice president of General Motors, it is not worth mentioning at all in Jiang Yelin's eyes, it is Owen Bieber, the chairman of General Motors, don't you have to be careful when talking to yourself! Brother, a Wall Street genius in charge of 3.2 billion assets, has the capital to be willful!
"The answer is very simple, if you can't do it, you can't do it!" Helen Lacey's answer deliberately avoided mentioning Deng Hudel's name, which was the greatest protection that this talented Harvard woman could do for her president and CEO, and the girl obviously thought that Jiang Yelin, the chairman who did not know the height of the sky, decided to roll up his sleeves and personally preside over the daily management and operation of Saturn Motors, or, at least, would have put Deng Hudell, who was the president and CEO, in the air, otherwise he would not have talked about this with herself so painstakingly and behind closed doors!
"Okay, that's a question, as the general manager of human resources and public relations, can Miss Lacey propose a suitable new candidate for the position of president and CEO of Saturn Motors, and the first step is, of course, from the entire scope of General Motors, is there such a talent who can lead the territory to achieve this year's performance goals? I know that your father is in charge of the human resources and employee relations department of General Motors, and we don't need to hide anything, just say something! Again, this is a closed-door conversation between you and me, and no third person knows! β
Helen Lacey bit her lip, feeling that she had finally fallen for the young chairman in front of her, but it was obviously pointless to pull it back at this time, the girl groaned, raised her beautiful eyelashes and said, "I can't give you any reference for this right now, to be honest, it is beyond my authority to find the position of president and CEO for Saturn Motors, and this should be a matter for the independent directors of the board of directors and the compensation committee...... But apart from your unrealistic goal of doubling down, Mr. Dun-Hudell is still the best candidate......"
"Miss Lacey, I understand your mood and caution, so is there a suitable candidate among the current executives of Saturn Motors to replace Deng Huddle as president and CEO?" Jiang Yelin followed the good path.
"Mr. Hudell is highly respected for his hard work in Saturn Motors, I don't think other Saturn Motors executives can do his current job, anyone can brag, but what can't be done has to be promised with his eyes closed, and when the time comes, both sides will lose and the future of Saturn Motors will be lost in the end!" Helen Lacey obviously didn't fall for this, but to be honest, in the hearts of Harvard talents, Deng Hudell is not a charismatic and enterprising president and CEO, otherwise Saturn Motors would not have spent 7 years from the preparation for the construction of the factory to the first car off the assembly line......
"Miss Lacey, if you were to take over as President and CEO of Saturn Motors, would you think you could do it?! Don't worry about the board of directors and the remuneration committee, I, the chairman, am the chairman of the remuneration committee, and the other two independent directors will not be okay to force me to convene an extraordinary general meeting of shareholders to re-elect the board of directors......" Jiang Yelin extended an olive branch while not forgetting to dispel the other party's concerns.
"Me?! There is not a single female executive in the divisions of General Motors who can serve as the president and CEO of a subsidiary at the age of 32, I am afraid that your nomination will not be approved by the board of directors and major shareholders...... "Helen Lacey's heart beat faster for a while, and I didn't know how to answer for a while, to be honest, the position of president and CEO of a listed company is definitely a temptation that is difficult to refuse for a talented woman from Harvard, of course, she can hear the meaning of Jiang Yelin's words, if she can't achieve the performance goals of the board of directors, Then sitting in this position is likely to be a short-lived scapegoat!