Chapter 79 United Finance (3,400 monthly passes plus updates)
"The United Group poached Francisco, the president of the Bank of the South, and then reached a deal with the banks to buy 75 percent of the shares of these banks for $25 million...... "It's an outrageously low price...... Father, aren't we going to intervene? ”
"Don't go!" Agnelli Sr. shook his head, "These banks may be worth well over $25 million, but the risks and potential challenges after the acquisition outweigh the possible benefits." ”
"This?" Agnelli Jr. felt a little incomprehensible: the United Group only contributed 25 million dollars, and Fiat added a little, for example, 27 million dollars, wouldn't it be better? At least it can raise the price with the United Group, and finance is also Fiat's shortcoming.
"Are you thinking so: even if we can't buy it in the end, it's good to raise the price with the United Group and let the other party have more blood, right? Is it morally a favor for these old friends who have helped us? ”
"This ...... Is there anything wrong? ”
"These assets, only if the United Group eats them, can they be preserved safe and sound, and the depositors who have been run on and the customers who have been dispersed can return, otherwise, the United Group will definitely not give up, what do you think little Ziano is doing by stuffing so much money into the government? What do you think the Coalition is doing with a miniature military force? Old Agnelli nodded to his son with some disappointment, "You can't be fooled by the small bargains in front of you, since these banks are so cheap, why don't other big banks buy them?" ”
"Yes...... "Little Agnelli wondered, why didn't other banks buy it?
"Because the United Group must have the evidence and handle of their illegal operations, if the United Group does not eat it and let other banks eat it, do you think about what will happen next?" Old Agnelli sneered, "It must be the Ministry of Finance and the central bank's endless inspections, rectifications, and increased awareness of risk responsibility." ”
"Can little Ziano cover the sky with one hand in this matter?"
"It's impossible to cover the sky with one hand, but the United Group has been wronged in this matter, if you are Mussolini, can you help little Ziano settle it?" Old Agnelli knocked on the table, raised his voice and said, "Don't forget that little Ziano's style is unreasonable and has to stir up three points, aren't you afraid that he will fight a lawsuit with you?" Aren't you afraid that he will use all kinds of crooked ideas? Isn't the lesson of the Socialist Party profound enough? And you don't expect those bankers to really think about you, once we get involved, Fiat will jump on it and become a side of the conflict with the United Group, and they can take the opportunity to change roles and survive the conflict......"
"This ......" little Agnelli really didn't expect this stubble.
"Do you think, if the United Group wants to collect it, we will also collect it, what will be the result of everyone's competition? We were not happy to accept little Chiano, and he was not happy to accept us. In order to prevent everyone from being unhappy, someone above must come down to mediate, and in the end no one can accept it, and then little Chiano will hold a grudge against us. ”
Little Agnelli thought to himself: Why is my father a little cowardly this time? What about being hated? Is Fiat still hated less?
"It doesn't matter to the United Group whether they take the bank or not, they are now free from the constraints of the domestic banking world, and little Ziano is probably doing this out of anger, but if he sets his sights on us......" Old Agnelli sighed, "Can our workers still survive?" ”
"Why?"
Old Agnelli threw over a telegram: "General Motors is about to open a joint venture with the United Group in Italy, focusing on trucks and buses, although there is a misalignment with us in terms of products, but the needs of personnel and workers are the same, do you remember the initiative of the United Group?" ”
As soon as he spoke of this initiative, little Agnelli's face became gloomy, and of course he knew what the initiative of the United Group was: to require all large Italian companies to take the lead in implementing an eight-hour workday, a six-day work week, and the United Group was the first to do this.
In little Agnelli's opinion, this is purely the meddlesomeness of the United Group, and you have to worry about how many hours our workers work? But it was not possible to oppose it openly, because this system was endorsed by Mussolini and his commitment to the working class after his election as prime minister was solemnly enshrined in his policy platform.
More importantly, the United Group is operating in accordance with this article, all work that exceeds the above hours is considered to be overtime, which is good, it is clear that the benchmark salary offered by the United Group is the same as that of other large enterprises, but due to the shortening of the work calculation time (the working hours themselves are not shortened, but because of the requirements of the United Speed in overtime), the salary of the United Group in the same position and level is generally 30% higher than that of the outside world, coupled with the rapid expansion of the United Group, the upward channel is extremely smooth and the construction of the workers' new village, Attracting a large flow of talent, companies like Fiat are completely hard-hit, with a large number of key players jumping ship every month.
This is still the situation of relative restraint and control of the United Group, and if it is open to the United Group to dig, I don't know how many people will have to leave.
It's useless to protest, you have the ability to raise your salary, but the problem is that the United Group doesn't focus on profits, can Fiat not focus on profits? Not to mention losses, declining earnings will cause an uproar in the board of directors and capital markets. As for the loss of the United Group, everyone is accustomed to the fact that there is no loss before there is a ghost.
"So, we need to have one less backbone?"
"That's for sure, the key is how much less, according to the character of little Ziano, it would have been certain to continue to bring in a group of workers from Germany, Austria, and the Czech Republic, at this juncture, what if he changed all to dig from Fiat in order to disgust us? Do you also learn from him to get a 30% raise? Even if you can add it, can you give the place? ”
"......Forehead" little Agnelli was speechless, last year from Fiat jumped a few managers, workshop director level backbone, to the United Group for only one year, once the ability is proven, now have become the deputy general manager of the new project industry or similar positions, the salary has tripled more than that, this temptation even attracted away a few subsidiary executives, they jumped over and soon become the princes in charge of their own affairs, now the United Group has 39 independent subsidiaries, 12 business sectors, all of which are flat management, The head of the section reports to the president, there are not so many intertwined relationships, and it is easier to stand out.
Antonio is the executive president and adviser, although Leo is the assistant president, he is mainly responsible for finance and internal supervision, more like Contini's financial secretary and adviser, not specifically involved in the business, this time the formation of United Financial is the first time to directly set foot in external business.
In such a huge company, in addition to the heads of various sectors, there is no vice president in charge of the plate, and all the middle-level leaders can go directly to the president. That's why Contini needs a team of more than 30 secretaries to help him with all kinds of information, which is why Ida complains about how busy he is in the United States.
He does not have the dashing of the chairman or general manager of those large companies, and he can fully trust and use only Antonio, and it is impossible to transfer a lot of work to a deputy or assistant, but this unique management system has also caused the middle level of the United Group to be extremely active, and the work efficiency is very high, everyone knows that working here, there is no board of directors constraints, there is no annoying bureaucracy, as long as the president or CEO can nod, things can basically be done.
In addition, the president spends money and is generous, paying more attention to whether things can be done rather than worrying about the input-output ratio, doing things is very cool, and everyone knows that the president cannot always work in this position, and what awaits him in the future must be the minister and even the prime minister. This makes the middle level, especially the young middle level, very motivated to do a big job, far more than the average Italian company.
This unique cultural atmosphere and employment mechanism is unique, and the international atmosphere is also very strong, attracting a lot of people of insight, the old Agnelli hit the nail on the head to see that this problem of the United Group is not as stable and mature as Fiat, but the former's vitality and initiative are also not possessed by Fiat, and the son seems to be far from little Chiano in this regard. 8) Mobile phone users, please browse and read, better reading experience.