The first thousand two hundred and ninety-two chapters see the stock market war
General Electric, the company's management, CEO Kevin Richardson, who has served this company for more than ten years, is already in his twilight years. Although he can still sit in the president's office safely, he knows very well that he has not had much time left here.
Although he has worked diligently for this business empire for more than ten years, and even created the most glorious years of this empire. However, with the impact on the market in recent years, General Electric has inevitably experienced a decline in profits. Naturally, this guy who is nominally the president and is actually just a senior working person can only accept the impeachment from the board of directors in disgrace and prepare to leave this place that once put into the best years.
To be fair, he couldn't have no resentment in his heart. But he knew what kind of giant GE is, and he also knew what kind of terrible existence was behind the board of directors. So he didn't plan to struggle or resist anything. Come and leave quietly, this is what he wanted. And in terms of the benefits he gained, General Electric has never missed him in recent years.
It's not in vain that he has served GE for so many years with an annual salary of 20 million yuan and 3% of General Electric Co., Ltd.
Of course, people are always greedy. Since people like Richardson were kicked away ruthlessly, it is certainly impossible for him to continue to leave too much affection for his old boss. Although it is impossible for him to do something to General Electric on the surface, it is completely possible to make a little move behind his back.
You know, he holds three percent of the company's shares. Although according to the agreement signed at the time, General Company has the right to redeem these three percent of the shares. However, this priority is also conditional, that is, it is not lower than the current stock market value.
What is the current stock market of General Electric and how much was it before? The increase of 37 US dollars per share and 26 US dollars per share. Nearly 50% of the increase is enough to make the three percent of Richardson's hands an astronomical figure. One hundred billion US dollars, a full ten billion US dollars. If General Electric can directly take out 10 billion to acquire the stocks in his hands, then Richardson probably won't say anything. But he knew very well that General Electric, which has been poorly managed for several years, could not directly take out such a large amount of cash. Their internal acquisitions are 80% or 90% of them. Even if they can succeed, it is probably the result of some tricks and scheming on him. So instead of giving them a favor, it is better to give yourself a favor.
Using his only little authority to arrange all his hands and feet. Richardson easily notified his private accountant and placed the shares in his hands on the stock exchange at a premium of 10%. Just as he thought, he had just put the order on the front, and the unknown giant crocodile had swallowed the shares very simply. One hundred and one billion, it was as if he had paid some money to buy cigarettes. This really made Richardson, who was used to seeing the world, couldn't help but startle.
You know, even a world-class large company like General Electric, cannot easily spend more than one billion working capital to acquire shares in Richardson. Who is this unknown existence that can have such strong capital?
This is a very embarrassing question. Because as the president of General Electric, Richardson knew very well that people with such financial resources were rare in the world. Although those emerging high-tech enterprises had market value of hundreds of billions of yuan, they might not have the ability.
Because hundreds of billions of dollars are just market value, not their pockets. No matter how powerful a company is, it is impossible for a company to take out tens of billions of working capital at once. Without scheduling, so much money can be used at once. Maybe if you accidentally cause a break in the capital chain, it will be fatal to any company.
Besides, Richardson is not a deaf person. There are only a few companies that can provide this fund on the surface. If they make any big moves, they will definitely receive some news. Now the news he receives is only Osborne Group, and Osborne Group is the only one of the Osborne families.
Thinking of this, Richardson felt that he had found his goal. When he thought of this goal, this guy who was almost as good as Grandpa Harry could not help but sigh deeply. He was still excited about the billions of extra income, but then he thought that this was just one of the countless small actions under a big move. Compared with the two, he immediately felt like he had lived on a dog for the rest of his life.
Of course, this feeling is just a moment. Because when he saw the hundreds of billions in his bank account, he suddenly felt that it would be good to live in such a dog in this life. There are several dogs that can make so much money in their lifetime, and it is impossible for the richest dogs to live in their lifetime. So people should be content, and having so many is almost satisfied. As for other things, let other people take care of them.
Richardson had this idea, and there were no fewer people who had similar ideas to him. And under this same idea, same understanding, and even the same practice, many old-fashioned companies, including General Electric, have experienced such a situation.
That is, their excess shares in the stock market have been acquired. When these shares are integrated, there is an additional small role in their shareholder level who cannot be underestimated.
"Is this going to change? Or is it that we want to witness the rise of a business miracle again."
Some people who have experienced the rise of Stark and his son couldn't help but feel emotion at this time. Of course, they didn't worry too much in addition to this kind of emotion. Because the size of these old-fashioned companies was there, they didn't believe that any unexpected situation would happen. In the world of money, interests are everything. When so many interests are piled up, no one dares to act rashly.
Once you move, you may even be crushed to death, so they don’t believe that someone will do such a stupid thing. So the most thing is to welcome a new owner and neighbor. This is really not a big deal for these capitalists who have already penetrated their lives deeper into the financial field.
Everyone firmly believes this way, and even the crazy elites on Wall Street think this way. No one will be in trouble with the interests, and no one will not care about their own interests unless he has greater pursuits.
The last point is not that no one thought of, but no one was willing to believe that there would be such a so-called greater pursuit. However, this greater pursuit actually exists, so naturally, the scene they least want to believe is already in front of them like a mountain collapse and a crack.
Huge amounts of capital have swallowed up all the stocks on the market of these old-fashioned enterprises. In the company of General Electric alone, they have occupied at least about 20% of the shares. Although these shares are not enough to shake the core power of the board of directors, they can already gain an important position in General Electric.
And just when General Motors' shareholders thought everything had come to this point, they thought they would soon see the true face of the huge capital hiding behind the stock market. Things did not develop as they imagined.
The powerful capital hiding behind it had no intention of stopping its own pace as they expected. After gathering most of the stocks, they quickly did something crazy.
They didn't care about the high price they raised because of themselves. In a blink of an eye, they began to sell the stocks they had collected before to the market at a price of one dollar per share. Such an action immediately stunned all the shareholders who were heard by the wind. Then, immediately, some of them yelled.
"How dare he do this, how dare he do this?"
Yes, how dare he do this? Everyone is thinking this way, because everyone knows that this over-bottom line sell-off almost means declaring war on veteran companies like General Electric, a malicious attack on him in stock market finance.
No one dares to do this, because it offends not only General Electric, but also offends those shareholders with complex forces in General Electric, and those guys with consortium backgrounds. General Electric belongs to Morgan, and Morgan is a real financial empire. Therefore, this is definitely seeking death and digging a grave for himself.
Even the craziest madman would not do such a thing. But the problem is that there is such a madman. His existence is beyond everyone's imagination, so at this time, they simply cannot deal with everything that suddenly occurs.
They could only watch the stocks being sold out frantically, the prices of their own stocks plummeted, and the market value of their own company began to plummet.
This is definitely a nightmare scene. If such a thing is really done by the other party, then their losses will be hundreds of billions, which is something they absolutely do not want to see. So immediately, shareholders, including General Motors, had already gritted their teeth and started.
"Everyone, we can't let things go like this anymore. We must act. If you don't want to see the stocks in our hands turn into pieces of waste paper, and don't want to immediately turn from glamorous rich people into worthless bankrupts. Then we must join forces and we must raise the stock price!"
"Raise the stock price? Are you crazy? Where do we find this money?"
Chapter completed!