General Motors Headquarters in Detroit, Michigan, USA

"Saturn Cars spin off and go public? I don't know where you've heard about it, the GM board has never discussed such a topic, in fact, we expect more from the Saturn than from Saab, in last year's market research, the Saturn SC sports car was regarded as the most cost-effective model in the United States, of course, the sales of the Saturn are far from meeting expectations, but all of them are developing in a better way...... "Smith instinctively wants to advertise for the Saturn.

In fact, in 1982, General Motors invested nearly $2 billion to establish a new division in Springhills, Tennessee, to design and produce smaller American-style economy cars using GM's most advanced technology. In July 1990, it was officially put into production, producing Saturn brand sedans, the main products are divided into luxury sedan SL, station wagon SW and sports car SC, and the Saturn series of cars have responded quite well in a series of market surveys in the past three years, almost No.1 in the new models in the United States in the past three years.

"In that case, with all due respect, Mr. Smith, haven't you ever thought that the current poor performance of General Motors as a whole is not a drag on the development of Saturn? At the beginning of the establishment of the Saturn branch, I remember that GM intended to create a new young brand that represents the fashion of today's America, using the best technology research and development of GM, and giving maximum autonomy and management! Now because General Motors is in trouble as a whole, it is unable to support Saturn Motors more financially and technically......"

Jiang Yelin's words once again silenced the president of General Motors, he didn't know why the young man in front of him was here, from the Saab equity dispute to the future of Saturn Motors and its position in General Motors, who did this Chambers-Fit special assistant think he was? Is God omnipotent? Although GM's current market value is only 22.2 billion, its net assets are as high as 18 billion, its total assets are as high as 60 billion, and its annual sales revenue is 133.5 billion in the North American market alone, and the global market is more than 150 billion US dollars.

"Young man, although you may have a bright future, but the automobile manufacturing industry is not something that you can understand as a rookie who graduated from business school, manufacturing is the original cornerstone of the Empire State Building, and it has also contributed all its strength to the country's standing in the global spotlight, Roger Smith said that if you are good for General Motors, you are good for American workers, and you are good for America! By the way, I forgot about it, you haven't been to business school, McGill University...... Who knows what kind of school it is......"

Of course, Smith knows that McGill University is the No. 1 university in the Maple Leaf Country, an Ivy League school, and one of the two non-American universities in the National Association of Universities, known as the "Harvard of the North", but the young guy in front of him was ashamed to speak out of his anger, and he felt that the career he had fought for all his life was actually told by an Asian stockbroker who was only 25 years old that he had to take classes for himself and the GM board of directors.

"Mr. Smith, with all due respect, since I came to you, I didn't come to you to greet you politely, I hope to find a company with great investment value for our investors, in my opinion, GM is too heavy in the historical burden, in the face of rapid market changes and technological development, the loss of 2.6 billion US dollars last year is a clear proof, in this case, the high-quality assets are spun off and packaged and listed independently, is the best way to liberate productivity and save the future of GM!"

Jiang Yelin's words made Smith unable to bear it any longer, and couldn't help but slap the table in front of him and roared, "Enough, young man, you don't know that the sky is high and the earth is thick, are the brokers of Merrill Lynch Securities as ashamed as Your Excellency?" The automobile manufacturing industry is the pillar industry of the economic lifeline of the United States, and General Motors is the No. 1 automaker in the United States. You're not a lobbyist for Ford and Chrysler, are you?! ”

"Mr. Smith, I'm not anyone's lobbyist, and I'm only responsible for myself and the investors who trust me, and what I've just said is an opinion after independent thinking, and of course, if you don't want to listen to me, you can't force you, as far as you think, are there any high-level people in General Motors that are worth visiting? No?! Ha, understandable......

I know that you have only been in the position of president and CEO for more than a month, and it is understandable to be cautious, but General Motors is facing unprecedented challenges, to turn losses into profits and reverse the current predicament, my method is the most effective and direct way, General Motors to transform from a simple automobile manufacturer to an investment holding group with automobile manufacturing as its main business, to unload the burden of history in order to travel lightly, I hope that you can think about my construction well...... So, I'll take my leave......"

After Jiang Yelin said something disapprovingly, he actually shook his head and got up to leave, almost didn't tilt his nose in anger, I have seen arrogant people, I have never seen anyone more arrogant and arrogant than the Asian young man in front of him, if it weren't for the years of cultivation that made the GM president hold back the fire and didn't grab the ashtray on the desk and smash it, maybe tonight the GM headquarters president's office would have to stage an all-out martial arts!

"Let's go! I don't send it! I hope this is the last time we'll see each other! Your Excellency, you are not welcome at General Motors! By the way, please convey my apologies to Mr. Fett, I'm afraid I can't open an account or ......invest in the business department of Merrill Lynch," Smith ordered the eviction, and Jiang Yelin bowed gracefully, turned around and left the office of the president of General Motors.

"Kate, please come to me Mr. Wagner...... Off work? Hell, order me a takeout, and I'll see Rick Wagner in the office in another half hour, no matter where he is now! That's it! In fact, Kate felt guilty and guilty because the handsome young man from New York was kicked out of the office by Smith, which made the girl lose the opportunity to further contact the handsome fund manager of Merrill Lynch, and she even thought about which bar to take the other party to have a heart-to-heart talk...... Not everyone loves Motor City, and Kate yearns for the world of Manhattan, New York.

Half an hour later, strictly speaking, twenty-five minutes later, the president of General Motors, who was buried in a pile of financial reports and analytical statements, waited for his CFO (chief financial officer), if Smith is responsible for the day-to-day decision-making and operations of General Motors, then the 40-year-old Rick Wagner is the money bag of the entire General Motors, and is also a close friend of Smith, and also a think tank that Smith promotes and reuses!

In fact, Duke University's alumni status and the same financial background made Wagner, who was 15 years younger than Smith, very respected, and Wagner, who was originally the president of General Motors Brazil, formed an unbreakable friendship with Smith throughout the 80s, and immediately brought Rick Wagner to Detroit as the new president and CEO of General Motors, and took charge of the money bag for himself as the chief financial officer of General Motors.

"Rick, tonight I was an eye-opener, Kate told you no, a young Asian from New York was arrogant to the extreme, and actually pointed his nose and said to me, I want to spin off and package the high-quality assets of General Motors and go public, so that General Motors can transform from an automobile manufacturer to an investment holding group with automobile manufacturing as its main business, I blew him away, but after he left, my whole person was on the verge of boiling and going berserk, you say, Why is it that a 25-year-old stockbroker in New York can come up with a solution, but those of us who have been in the automobile manufacturing industry for twenty or thirty years can't see it?! ”

Smith walked over to the glass case, examined the bottles in the glass case, and turned to his partner to ask, "Have a drink?" ”

"Of course I want to have a drink, I thought the sky was falling, when Kate called me, I thought the headquarters was on fire and you were trapped in the fire and couldn't get out, just now I was speeding and called the police to chase after my ass for three streets! You'll have to pay the ticket to me when the time comes! Wagner sat down on the sofa angrily, untied his tie, and it was time to get off work, and he was called by his boss anxiously only to find that the sky had not yet fallen, which made Rick Wagner a little stupid.

"Say it...... What's wrong? I remember the idea of bundling high-quality assets and spinning off your boss to the board of directors a few years ago, right? Those old guys didn't accept it at all, especially Roger, and even said at that time that you didn't eat inside and outside to eliminate GM for your competitors or something, what year was this? 88 years? God, it's been the fifth year in a flash?! As I said earlier, the historical burden of the American automobile manufacturing industry is too heavy, General Motors now has 320,000 employees, and in addition to supporting itself, it has to bear more than 500,000 retired workers, and the salary of blue-collar workers in the United States is higher than that of white-collar workers in Japan, which no large company can afford! ”

Wagner shook the glass in his hand and watched the ice cubes and whiskey blend in the light to show the color of rose gold, and said for a long time, in fact, it is true, a few years ago John Francis Smith Jr was the youngest member of the board of directors, and Smith, who was the CFO of General Motors at the time, proposed the idea of transforming General Motors at the board meeting. The first thing to do is to let Saturn, which has invested more than 2 billion US dollars but has not yet produced a single car, spin off and go public separately! As a result, on the board of directors, I was criticized and attacked by a group of old guys born in the 20s! Shut up and never dare to mention the ambition of transformation again!

"Rick, I want to buy the remaining 50% of the shares of Saab Motors, and then spin off the automobile business and aircraft manufacturing business, and then package Saab Cars separately and go public, and also spin off Saturn and package them on the market, which can greatly ease the company's capital flow, and at the same time, Saab Cars and Saturn Cars can also travel lightly to make a big vote! What do you say?! Smith's eyes sparkled with a scorching light!