Chapter 531: Angry Larry Culp
However, hearing Hu Yang's words, Kaiser retorted loudly: "Mr. Hu Yang, German craftsmanship is world-famous, and Siemens' technology is far superior to GE, and the reason why it has repeatedly failed in the project competition in the international market is because the North American authorities have intervened. ”
Caesar said this with a look of indignation, and he didn't know if he was pretending to be true or not.
In fact, it is very angry, both Siemens and General Electric, which still play a central role in the development of global electrification today, and the two sides are evenly matched, although they both have many world-leading diversified businesses, but at the same time both are at the core of their electrical businesses.
Siemens and General Electric staged a sharp battle for the post-war electrification reconstruction of the Middle East due to the huge order of Iraq, which has caused serious damage to its infrastructure due to years of chaos and severe damage to its infrastructure, and there is even a competition between the United States, the world's largest economy, and Germany, the fourth largest economy.
Needless to say, Iraq originally took a fancy to Siemens, but under the intervention of the United States, how dare it offend the US imperialists, so it canceled the power system agreement worth $15 billion with Siemens and signed an agreement with GE Group in turn.
In fact, Siemens' defeat is not a failure in technological competition, but a failure in the game between Germany and the United States.
However, the object of cooperation this time makes Caesar full of confidence, because the other party is not Iraq and the like, but the Chinese people who are almost as big as the Americans, and in terms of economy, China and the United States are the only two economies in the world with an order of more than 20 trillion US dollars, both of which are the poles of the world.
As long as the agreement is signed and the agreement is signed, it is basically safe, unless war breaks out.
But China and the United States at war? Obviously, this probability is almost zero.
……
August 2, North America, General Electric headquarters.
"What do you say? Has Coastline Group reached and signed a comprehensive strategic cooperation agreement with Siemens? Larry Culp, who had just taken office, stood up from his seat in shock, staring at his assistant who had come to report with his eyes fixed.
For Larry Culp, it was really a bad year, if it could be postponed for a week, he would definitely not take over GE, the day he officially took over the GE Group, the market value plummeted by 33%, Larry Culp was almost dumbfounded at the conference that day, in the face of such a start, he really wanted to die.
The assistant said cautiously: "BOSS, a few days ago, Siemens CEO Joe Kaiser officially announced the 'Company Vision 2023+' strategic plan, announcing that the new organizational structure will officially take effect on September 1, 2023, and the specific implementation will be gradually carried out and completed by March 31, 2024. Siemens will eliminate the existing business group hierarchy and streamline the corporate headquarters, giving it more freedom to do business, all for the global grid strategy led by SGCC and Life Ray, which Siemens has joined. ”
"According to the 247 global investment projects led by Coastline Group Life Light and SGCC, Siemens won 64 independent bidding projects and participated in the supply of 132 projects in Europe, Latin America, Central Asia, the Middle East, Africa and other regions, covering areas such as natural gas and power generation, smart infrastructure and digital industry, Gamesa, and the completed Siemens Alstom."
Speaking of which, the assistant had already seen Larry Culp's eyelids twitch uncontrollably, hesitated for a moment and finally added again: "The total value of its strategic cooperation agreement is ...... $86 billion! ”
"What do you say? $86 billion??? Larry Culp exclaimed, as if in exasperation.
Pain!
Only felt that his thigh was cut to the flesh, and a large piece of meat was cut alive by the Siemens Group, Larry Culp could almost imagine how heartache and flesh pain he was at this moment, and Caesar on the other side of the Atlantic was so excited that he would wake up laughing in his dreams.
That's a gas!
Such a super fat order is really the rhythm of opening and eating for three years, how can you not be angry?
But Culp is definitely not the most angry, because there is someone more devastated than him, and that is the shareholders of GE, Cook, Apple, and this news is simply catastrophic news for Apple.
Just when Siemens Group CEO Kaiser excitedly announced the successful signing of the power system agreement at the Berlin headquarters, Siemens' market value skyrocketed.
With the acquisition of this power system business, Siemens Power Generation & Natural Gas Group's properties will not only stop falling, but also lead to an explosive increase in performance by 420%, and the market value of Siemens Group will exceed 200 billion euros in one fell swoop.
In stark contrast, GE's short-lived strength in the first half of the year came to an abrupt halt when it plummeted from its peak of $394 billion in the first half of the year to its current $162 billion in just one month, adding insult to the brink and the stock fell further to the $140 billion mark when Siemens' market capitalization broke through to 200 billion euros ($226 billion).
The worst is Apple, the technology giant has fallen from a trillion-dollar market capitalization giant to a market value of only $219 billion today, and it is estimated that the $200 billion mark will not be able to hold on to this trend.
It's embarrassing.
However, Apple's board of directors did not put the blame on the head Cook, because his strategy of choosing GE was right, if it were not for the "627 attack", the $86 billion power system business must have been GE Group's, and with the North American business market, this order may exceed 100 billion US dollars.
But all this was picked up by the Germans, you say it's not angry!
However, what shocked everyone at this time was that Berkshire Hathaway was not affected much, which made people curious for a while.
But it was soon dug up.
Warren Buffett quietly held a heavy position in Siemens' stocks, and also blessed the shares of the French Alstom, as well as the Sony Group, in other words, Buffett perfectly hedged this risk.
……
Following.
As soon as the news was announced, Larry Culp took off from Boston to the North American office of the Coastline Group in Los Angeles non-stop, and all the assets of the Coastline Group in North America were frozen by the authorities, and the last batch of core employees and overseas management personnel were also going to take a special plane back to China.
An office has now been set up in Santa Monica.
......At this moment, Cheng Manlou returned to the room after finishing the call, looked at the head of GE and said regretfully: "I just contacted the headquarters, and Mr. Ye's response is that the interview is over, and the company has signed an agreement with Siemens, which is a foregone conclusion." ”
"No, no, Mr. Cheng, Siemens alone can't eat the entire world market, GE is still at the center of global electrification, and without GE, your company and SGCC-led global grid plan will definitely not be perfect." Larry Culp endured the urgency in his heart, but he still didn't hide it completely, and he didn't need to hide it.
"You're right, but I'm straight to Mr. Culp." Cheng Manlou looked at the new head of GE who was slightly stunned, paused and said: "GE is not wrong, what is wrong is that GE is in an extremely unstable country, frankly speaking, we are deeply worried about the North American authorities, you have to admit that Germany is at least now stable in North America, and we have no reason not to choose Siemens." ”
"Cheng Zong!" At this moment, his secretary came down from the upper floor with a whole suitcase, and gestured to his wrist, "The flight is going to be delayed." ”
"Got it." Cheng Manlou turned his head and nodded, turned back to look at Larry Culp: "If you can't completely give up this business, I suggest that your company may turn to negotiate with Siemens, and the North American authorities will be able to keep tens of billions of dollars in the head with a gun to Siemens as they did last time." ”
Larry Culp was caught off guard by his sudden taunt, and his eyelids twitched. This was a dispute between GE and Siemens over the power system business in Iraq, and GE took advantage of the intervention of the North American authorities to steal food from Siemens.
Cheng Manlou left the room and took a special car to the airport to prepare for his return home, and the building was about to be frozen.
"Fake!!"
With Cheng Manlou leaving, Larry Culp in the room finally couldn't stop the anger in his heart, angrily overturned the table in front of him, hurried towards the door, and said gloomily: "Go to Apple headquarters!" ”
……
。 m.