Spring Hill, Tennessee, USA, Saturn Motors Headquarters, Chairman's Office

"Boss, if you want the least difficulty in mergers and acquisitions, the acquisition of loss-making assets under General Motors is the easiest merger and acquisition, but as you said, the latest brand in General Motors is our Saturn Motors, and the history of other manufacturing plants and branch sub-brands is much longer than ours, the advantage is that the production line and workers are ready-made, and the disadvantage is that the pension burden of retired workers is heavy, and it is incompatible with the corporate style of Saturn Motors' fine management, and the integration of corporate culture is probably not an easy task......

I think about whether to put the target of the merger and acquisition on Daewoo in South Korea, the equipment and plant of Daewoo North America are newer than the equipment of our Saturn Automobile Factory, but the Koreans are expanding too fast, Daewoo North America has been losing money since it was put into production two years ago, and the new production line with a capacity of 200,000 vehicles only produces less than 100,000 cars a year, so there is still a backlog of inventory......"

Jill Lexton played his trump card, in fact, after the Saturn Motors IPO plan was proposed, the witch general manager of the R&D department put his sights on how to quickly achieve production capacity improvement, so that the major shareholder General Motors injected its other assets and brands into Saturn Motors seems to be the easiest goal to achieve, but the side effect is that GM's sub-brands and manufacturing plants have a long history and are too burdened, not to mention that General Motors, as a major shareholder, may also kill chickens and eggs to sell junk assets at a high price to cash out from Saturn Motors, If you were to take the idea from competitors other than General Motors, Ford Motor and Chrysler would never sell their assets to Saturn Motors!

So, Japanese cars in North America are not only Saturn's biggest competitors, but they are still better than Saturn cars, and they won't sell them if you want to buy them, and the best target is Koreans, if it weren't for the fact that South Korea's Daewoo is easier to start than Hyundai, Jill Lexton even hopes to acquire South Korea's Hyundai North America!

"M&A is the key to increasing production capacity, Jill, who do you think is the best person in Saturn to be responsible for M&A?" Jiang Yelin looked at the red-haired witch in front of him with a smile, and felt that he had picked up an expert-level baby in Saturn Automobile, a 36-year-old marketing and R&D expert, this kind of compound grassroots talent may only come out with one in decades, right? Of course, the two sides are still in the run-in period, and it remains to be seen whether they are ambitious and talented, but Jiang Yelin feels that appointing Jill Lexton as the CEO of Saturn Motors is definitely not a bad idea.

"If the chairman is really going to appoint me as CEO, then I'm going to lead a M&A negotiation team, and the team can be made up of Caye and CFO Monteson in the manufacturing department, Daewoo's North American manufacturing plant is in Alabama, and it was about $1 billion invested at the time, and now it's about 3,600 workers, and I think we can take the Daewoo North American plant in South Korea as the first target for the merger, and the second target is to look at Mazda North America, Mazda's factory in Kentucky has been in operation for three yearsThe design capacity is 150,000 units, but the actual operating rate is less than 60%...... If the Mazda plant is acquired, it may be possible to acquire it for 800 million US dollars! ”

Jill Lexton's eyes sparkled when she looked at Jiang Yelin, in addition to being eager to try, she felt that the chairman in front of her was a person who could do great things, and if she became the CEO, it would definitely be very useful, maybe her lifelong ambition would be realized from this moment......

"Sweet and sweet food won't just be there for no reason, right? Other car manufacturers didn't take a fancy to Daewoo and Mazda? Jiang Yelin's words hit the nail on the head, Jill Lexton bit his lip and said abruptly, "Of course not, as far as I know, the three major North American automakers, including General Motors itself, are all in contact with the above two companies, trying to acquire each other's assets, as for Toyota, Honda and Nissan, the three Japanese manufacturers, are even more eyeing those two pieces of fat, so the difficulty of merging Daewoo North America or Mazda North America is still quite difficult!" ”

"Uh, I said, there is no free lunch in the world, mergers and acquisitions, you hurry up and prepare the plan, the information you need to know in the early stage, don't be afraid to spend money to find a business consulting and investigation company to do it, the more detailed the better, let's not jump to the front desk all of a sudden and become the target of public criticism, the more you want a thing, the more you can't let others see that we care about this thing very much......" Jiang Yelin rolled his eyes and sent Jill Lexton a job first.

"Chairman, I understand, but when can the appointment of the CEO be signed, otherwise I can lead the CFO and the old Caye, the two old guys, and I think that the increase in production capacity can not only rely on mergers and acquisitions, although mergers and acquisitions are important, but the expansion of their own factories is also essential, so that the two legs can walk freely, and I build the expansion of the new plant and the procurement of equipment, including the recruitment of personnel, but also to start with great fanfare, so that it can also play a role in the cover of smoke and bombs, what do you think?"

Jill Lexton can't wait to become the CEO of Saturn Motors, a newly listed company, and even thinks in his heart that even if the salary is raised, he almost admits it, after all, a 36-year-old female CEO of a listed company is definitely an alternative achievement in the automobile manufacturing industry, you must know that many of the executives at the General Motors headquarters are old guys in their early 50s, that is, young Saturn Motors, and there are no directors under the age of 45 on the board of directors, except for the demonic chairman who parachuted from Wall Street in front of him!

"Hmm, in a hurry? I haven't talked to Mr. Hudell yet, what is your current annual salary? Jiang Yelin laughed and asked the red-haired witch.

"Chairman, my current annual salary is 250,000 US dollars, and the annual income before tax is about 400,000 US dollars...... If you become a CEO, I don't know how much you can get a raise? Actually, I don't have a problem with how much, I just want to roll up my sleeves and do a good job...... It's too aggrieved under old Hudel, he's a slow man who doesn't seek merit but no fault! Jill Lexton retreats into advance, but she knows that Deng Huddle's annual salary of $450,000 in the position of president and CEO of Saturn Motors is not counting the 50,000 GM call options given to him by General Motors headquarters every year, which adds up to at least double her annual income.

"Jill, I have decided, Saturn Motors' president and CEO positions are separated, but the treatment is the same, the annual salary is tentatively set at 500,000 US dollars, the term of appointment is one year, if you can't complete the performance indicators of the board of directors, you will be laid off, as for performance and benefits, complete the performance target proposed by the board of directors during the term of office, then Saturn Motor Company will grant 200,000 shares of Saturn Motors a call option every year, and the subscription price is based on 130% of the net assets per share at the end of the year, of course, the reduction will be limited by the reduction of executives of listed companies, but this is the custom, Of course, I hope that you and the company will be in the same boat for as long as possible, so that you can share the joy and harvest of Saturn's growth. ”

Gil Lexton was dumbfounded when he heard Jiang Yelin's words, you must know that Saturn Motors was only the youngest division of General Motors before, so the president and CEO only had an annual salary of 450,000 yuan, plus General Motors' call option to reach a pre-tax million annual income, at this time, the two positions were separated, and the annual salary did not fall but rose by more than 10%, not to mention the annual subscription of 200,000 shares of options, with a net asset of 130% At present, the subscription price is only $1.35 per share, and the market price of Saturn is about 4.25, this performance bonus can be greatly distributed, even if it is $3.35 per share, it is equivalent to an option bonus of $400,000 a year by option subscription! It's too much! Too capricious this chairman!

"Silly? A mere 500,000 annual salary and 200,000 shares of options are just the beginning, of course, if the annual performance target is discounted, the call options will also be doubled discounted, and the specific contract will be drawn up by Helen Lacey's department, and you will see it later, and the details will be discussed directly with Helen, by the way, I decided to let Helen be the president of Saturn, and Jill will be the CEO, and the official contract will be signed and a press conference will be held before work today, as for Mr. Hudell, if he wants, He continues to serve as a director of Saturn Motors and also serves as Chairman of the Financial Planning Committee...... Salary and benefits remain unchanged for the time being...... Am I clear enough? My dear Jill! ”

"Helen Lacey as President of Saturn?? Chairman, this is amazing, I ...... I don't have a problem with Miss Lacey, but she's only 32 years old, and GM has never had a 32-year-old president of a subsidiary, let alone a woman, and of course, Helen Lacey is a charismatic and capable woman, but in this case, I'm afraid Mr. Huddle will have a hard time accepting it, right? I even thought that the best way for Mr. Hudell to retire was for him to remain as President, of course, in an honorary position, or, Chairman himself, as President and CEO......"

Jill Lexton was indeed dumbfounded by the news that Helen Lacey was appointed president of the company, what is that? Young, beautiful, and high-IQ can enter the eyes of young single chairmen? Or did Daddy Lacey pave the way for his baby daughter from GM headquarters? This Nima is so surprising! What a match! Why don't you let me carry the two burdens of the president and the CEO together? The old lady is the executor and challenger of Saturn Motors' future performance goals, and Helen Lacey is fundamentally ...... about technology and marketing It's just a rookie with no experience!

"Jill, I'm not afraid to sue you, I originally proposed that Helen Lacey replace Deng Huddle as president and CEO of Saturn Motors, but Helen thought about recommending you again and again, I shouldn't have told you about this, but I don't want the two of you to intrigue with each other, Helen is the president of the company and is responsible for the day-to-day administration and general affairs, and you, as the CEO, are in charge of production and operation and other important matters, you all report directly to me, and I ask you to be sincere and united, if 1+1 does not have "2I can't tolerate that, you know?! ”

Jiang Yelin's words made Jill Lexton tremble, feeling remorse for his gaffe just now, and the 36-year-old red-haired witch quickly controlled her feelings and nodded firmly, "Understood, chairman, can I go!" ”