American Fortune Life

Chapter 1335 Shame and Humiliation (67/76)

New York, Monday, November 17.

As usual, Jeff Immelt walked into his luxurious office, handed over his windbreaker to his secretary, and patted the little secretary's Buttocks wrapped in a tight skirt, in exchange for a charming look.

Sitting on the boss chair that symbolizes power, picking up the neatly arranged documents on the table, while drinking steaming fragrant coffee, while checking the briefings sent by various departments of the company.

Since the financial crisis exposed the various risks contained in the financial business created by Welch, as CEO, he has been trying to reshape General Electric again, hoping to transform it into a digital enterprise through reforms, and once again lead General Electric to glory , Become a corporate executive who is trusted by investors like Welch.

In the US, all that is needed for investors to be able to support a conglomerate is a name. For Wall Street today, Amazon's Jeffrey Bezos is synonymous with the right choice. So is Warren Buffett. Well, now there might be a younger Andy Smith.

In fact, part of the reason behind GE's past success is investors' unwavering trust in Welch, the legendary CEO. The corporate executive always seems to hit quarterly targets like clockwork. However, this model has begun to waver in the hands of his successor, which is undoubtedly what he does not want to see.

Warren Buffett's capital injection and Andy Smith's short-term help did not seem to get General Electric out of the quagmire. On the contrary, it made Warren Buffett miserable. It was Andy Smith, a shameless guy, who rebounded in General Electric's stock price. When everything was good, I chose to sell all the stocks I just bought and escape.

At the beginning, I was short-sighted and ridiculed him, but now it seems that the real idiot has become himself. Thinking of the other party's handsome face with a fake sunny smile, and that indifferent hehe sound, Jeff has a feeling that he wants to ruthlessly The urge to punch.

Ahem, unfortunately, I can't beat that bastard!

But fortunately, he is holding tightly the thing that the little bastard covets. In the negotiation of the merger and acquisition of NBC Universal, Jeff has been biting to death, asking too much, forcing the other party to agree. He is very fond of Andy Smith's ambition and cards. Clearly, I am not worried that the other party will give up the merger and acquisition plan. After all, among the three major broadcasting companies in the United States, only NBC Universal is the most likely to be acquired. It is definitely a scarce asset, and their general company is also not worried about finding other buyers.

The downturn in the financial market has caused the U.S. stock market to rise and fall erratically like a mad cow disease. Although General Electric's stock has fallen for 8 consecutive trading days, the stock price has fallen by about 3 dollars, but because of the mergers and acquisitions The good news of the negotiations was supported, and there was no sharp plunge again.

It is not like Citibank, which has become a laughing stock, whose stock price fluctuates around $1. Everyone is watching a joke and waiting for the "miracle" to fall below $1. . .

"Boom——"

The hasty knock on the door made Jeff, who was still thinking about the problem, frown. As soon as he raised his head, he saw Quincy Cross, the company's chief market analyst, pushing the door and barging in with a livid face.

"Boss, something went wrong..."

Jeff frowned even tighter, and stretched out his hand to signal the other party to sit down, but Quincy, who had an extremely ugly expression, did not sit down, but said in a bitter and anxious tone: "Just now, our stock price fell below 30%. The U.S. dollar began to plummet, and the tracking result is that someone is shorting our stock, and the other party is strong..."

"Boss, Mr. Jin Ning has something important to see you..."

"Jeff, just now, Andy Smith's party called us to inform us that they would terminate the NBC Universal M\u0026A negotiations, accusing us of lack of sincerity, and refusing to pay liquidated damages, and later they will use General Electric to deliberately sabotage the negotiations and engage in commercial fraud. We're prosecuting..."

"boom!"

"The son of a bitch!" Hearing this,

No matter how stupid Jeff Immelt is, he knows who is behind the scenes and has stabbed the knife. This is going to kill General Electric's stock price!

Then, under the explanation of the company's chief analyst, he fully understood that the other party was planning and premeditated a targeted short-selling behavior, and the time point chosen made it impossible for them to fight back. The data has caused the global stock market to fall. Under the panic, even if they spend money to support the market, it is just a drop in the bucket, and they are given delicious food by the greedy monster that has opened its mouth.

Jeff picked up the phone in a cold sweat, and called MG Chase, the majority owner of General Electric, but unfortunately, the reply he got made Jeff smile bitterly. The possibility of supporting the market disappeared completely, but he is not panicking now When it was time, he grabbed his mobile phone and hurried to the financial department with the two people in the office.

Looking at the constantly beating red numbers on the LCD wall, Jeff's face was livid, his fists were clenched, his veins were bulging, and his lips were trembling constantly. (U.S. stocks are rising in green and falling in red.)

1.5

1.4

1.3

. . . . . .

When the stock price plummeted to around 1.1, Jeff finally lost his composure and said, "Start the repurchase plan..."

Buzz——

With trembling fingers, Jeff Immelt took out the buzzing mobile phone from his pocket, without looking at it, and stared directly at the blood-red numbers beating in front of him.

"Hi, I'm Jeff Immelt..."

"Good morning, Mr. Immelt, I'm Jean Renault, the thing is, we Vivendi..."

"boom!"

"FXXK! You sons of bitches who deserve hell..."

Jeff, who was still smiling a little at first, turned off the phone after hearing the other party quickly finish speaking. His whole face was completely blackened, and he threw the phone directly on the wall with a grim expression, roaring loudly while trembling all over. He stood, and stretched out his hand to support the table beside him, so that his shaking body could be supported.

At the same time, in the trading room of the Gaia branch in London's Financial Street, the LCD TV wall is divided into two, with video connections on one side and market data on the US stock market on the other.

Andy stood in front of the LCD TV wall, with one hand in his pocket and the other hand holding a cup of coffee. Behind him were all his subordinates, including Robert and Ama, who came to witness a certain moment and watched the excitement together. Bill and David Dunn.

"Boss, Vivendi announced it to the public."

On Andy's originally calm face, the corners of his mouth were turned up, showing a sunny smile, and a sharp light flashed in his eyes. After taking a sip of coffee, he put the coffee cup on the table beside him.

"Snapped!"

The left hand in the pocket was pulled out and clapped with the right hand, making everyone's eyes focus on him. Andy watched Alvetrie and Bardstone waiting with serious expressions on the big screen. It is hundreds of traders who are ready.

"Crush it!"

"Got it, boss!"

"Start selling!"

Crackling. . . . . .

In the trading hall in London where needles could be heard, the sound of keyboards and various shouts of numbers on the phone were clearly heard.

"$0.97!"

The screen is split in two.

In London, Andy folded his arms and chinned Weiyang, with a proud smile looking down on the world;

In New York, Jeff sat on a chair with a pale complexion, looking up at the blood-red '0.97' with a bitter expression.

In the New York Stock Exchange, all the traders opened their mouths wide and looked up at the stock price of General Electric, which fell below one dollar. The air seemed to be frozen, and time was frozen.

After being founded by Thomas Edison, it has rapidly developed into an outstanding multinational company, representing the benchmark of the most cutting-edge business model in the United States, and a great iconic company in the United States. It may also be the only 'penny stock' with a share price below $1!

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