Chapter 929 Snake Swallows Elephant

Immelt was stunned for a moment, feeling inexplicably nervous. Various thoughts flashed through his mind. The first thought was not how Welch knew the current situation of General Electric. With Welch's many years of connections, he wanted to

It is not difficult at all to know about General Electric.

What makes Immelt nervous is what Welch meant when he said this. Although General Electric is now in trouble, mired in a tight capital chain, it has also caused ICQ, a former US$300 billion giant, to shrink.

80%, and now only has a market value of less than US$70 billion. Within GE, there are no small voices of dissatisfaction with Immelt.

But none of those people could completely influence Immelt. Only Welch in front of him had too much influence. The GE board members who originally hoped that Welch would retire now eagerly hope that Welch will retire.

Being able to come back and take charge of the overall situation again.

Immelt did indeed bring General Electric to a sudden peak, and the company’s name in the Trillion Dollar Club was indeed resounding, but the wind on the top of the mountain was too strong, and most people couldn’t grasp it. After only a few days of good times, they started to get hungry.

My stomach is full.

Although Welch was unable to make GE suddenly expand, he kept silent and used acquisitions one by one to slowly bring GE up. Inside GE, they secretly poked at the board members who wanted Welch to return.

Not a few.

Welch is also the only one who can truly threaten Immelt. Immelt is not afraid of other professional managers, but for Welch, Immelt knows the other person and can really control him.

Give it instead.

Looking at the sudden and unpredictable look on Immelt's face, Welch couldn't guess what Immelt was thinking at this time.

"Imelt, don't worry, I will never return to General Electric. I once said that if you leave, you will never return to General Electric!"

Upon hearing Welch's words, Immelt smiled, as if Welch was overthinking, "GE needs Mr. Welch. You can come back to GE whenever you want!"

"General Electric has encountered some minor troubles. I know that there have been a lot of rumors about General Electric recently, but Mr. Welch can rest assured that these rumors cannot knock General Electric down. I will solve the trouble as soon as possible." Immel.

Te said to Welch confidently, as if these were just minor troubles.

Looking at Immelt, Welch sighed, "I heard that the business of GE Capital has been completely shut down. To restore GE Capital's business, it will require an investment of at least 20 to 30 billion US dollars."

, and other major departments also need funds. In addition, they also need to repay due debts!

Given the situation in America, major investment banks and banks may not dare to invest so many dollars in General Electric!"

WorldCom, Enron and other giant companies were hit by thunderstorms one after another, which made Wall Street institutions start to become afraid of large companies. Although behemoths like General Electric did not have to worry about sudden bankruptcy, if they suddenly announced a loss of one dollar a year like AOL Time Warner,

One hundred billion US dollars is still enough to make Wall Street institutions drink a pot.

Immelt hopes to get the federal finances to provide guarantees for GE, but now is the time when the election is at its fiercest, and the gentlemen on Capitol Hill have no time to take care of GE.

This puts GE in a very embarrassing situation. Wall Street institutions are afraid to save GE. They want to wait for the federal finances to bail out, but that will have to wait for a month or two, which means GE must survive this period of time.

, as for whether you can survive it, it depends on God’s will...

Seeing that Immelt was silent, Welch directly announced his whereabouts, "It's Bruno Song who invited me for today's trip!"

When Immelt heard this, his eyes suddenly became sharp, "Bruno Song asked Mr. Welch to be a lobbyist?!"

Welch shook his head, "You can take it as yes or no. I think Bruno Song's proposal is an option for General Electric now!"

"He wants to take back the controlling stake in ICQ?!" Immelt sneered and said, "It seems that I really despised that guy Bruno Song!"

What makes Immelt angry is that he spent so much money to build a luxury battleship in the technology industry. ICQ is almost Immelt's famous work, and now Song Yang wants to take it away.

, and the cost may be negligible compared to what Immelt paid originally. This made Immelt feel deeply ridiculed. It seemed that everything he had done before was in vain, and this would also become the biggest problem in his career.

One of the black spots!

Welch did not argue with Immelt, but said calmly, "This is a multiple-choice question, and Immelt will make the choice for GE."

Immelt's face was filled with uncertainty. If anyone else had come today, Immelt would probably have kicked them out.

But facing Welch, Immelt couldn't do it. He also knew that Welch was telling the truth. The question before Immelt now was whether to protect the elder or the younger.

If you dump ICQ and get back a fortune, GE can survive this crisis and still be the giant it once was. However, if you take ICQ with you, it is likely that GE and ICQ will roll off the cliff together.

Whether he wanted to save face and reject Song Yang's proposal, or wanted to return the controlling stake of ICQ with his own hands, Immelt fought for a long time, and finally heaved a long sigh, and leaned on it a little feebly.

on the chair.

"If it were you, Mr. Welch, what choice would you make?!" Immelt asked Welch, somewhat discouraged.

Hearing this, Welch knew that Immelt had already made a decision. Welch shook his head, "I don't know, but I may choose to let General Electric survive..."

Immelt looked at Welch with a look of reluctance, "Luck is not on GE's side. This is an opportunity for GE to transform. GE will definitely regret selling ICQ in the future!"

After saying that, Immelt sat there with a slight dejection. Time was not on his side. Even if the Internet collapsed a year and a half later, he would be sure that General Electric and ICQ could survive at the same time. But

God's calculations are not as good as those of humans. The Nasdaq collapsed too quickly. GE also spent too many dollars on ICQ, and in the end they themselves were trapped.

"The Enron Group's financial fraud case is currently intensifying. The federal Department of Justice investigation agency responsible for investigating the Enron fraud case announced that many Enron executives have reached witness agreements with the investigation team!"

"Enron Group is in another situation today. Jeff Skilling, who succeeded Kenneth and served as Enron Group President for less than a year, suddenly announced today that he would resign as Enron President and all other positions. Kenneth, the former Enron President, had to temporarily take charge of Enron again.

group!"

"The Houston Federal Court will soon hold the first trial of the Enron Corporation fraud case!"

"Affected by giant companies such as WorldCom, Enron, AOL Time Warner, Arthur Andersen, Wall Street and overseas investment institutions, investment confidence in American companies has reached a historical low. This year, the financing of many companies has been affected.

Including General Electric!”

Song Yang, Gleick, Kravis and others had breakfast, and later they would take the Bruno private jet to the General Electric headquarters to cut leeks.

Watching the morning news from ICNC on TV, Kravis frowned. He had a pretty good relationship with Kenneth. Even a layman could tell that Enron was in danger.

On the other side, Song Yang and Greco were whispering, and Greco said to Song Yang, "I'm afraid something big is going to happen to Enron Group!"

Jeff Skilling had been the president of Enron for less than a year, and suddenly ran away. In addition, it was suddenly reported that many Enron executives became witnesses, although the news was released by the federal Department of Justice.

The news is to put pressure on Enron, but some clues can also be seen.

Song Yang watched the news on TV and shook his head. Everyone could see that Enron was going to be doomed. Enron's stock price had already been slashed at the ankle. Now it was up to the trial in the federal court in Houston. If a miracle happened,

The Enron Group can still survive for a few more years. If Kenneth and a group of senior executives are found guilty and imprisoned, Enron will collapse immediately and begin bankruptcy proceedings without the need for first aid.

And just as the Bruno private jet flew towards General Electric's home base, General Electric's stock price, which had been languishing for a long time, started to rise vigorously as soon as the market opened today, quite like a dancing elephant.

It was a scene that had been rare to see for almost more than a year, and then various gossips about General Electric began to spread.
Chapter completed!