In the conference room on the 40th floor of the GM headquarters, Lao Han and several GM executives sat down with Bai Shuo, Hans and others again. This was the second formal meeting between the two parties.
Bai Shuo's team had made full preparations before this, and made careful plans on how to eliminate Lao Han's doubts and successfully win over General Motors today.
At this time, Old Han looked at the reorganization plan provided to him by Hans and frowned from time to time.
"I think it will be difficult to convince the board of directors to adopt such a plan..."
Hans said: "I don't think anyone can be more sincere than us. In addition to Philode Investment Company as the main body, it has injected 50 billion yuan into General Motors and holds 67% of General Motors' shares.
The Chinese capital group headed by Mr. Shuo will also provide 20 billion yuan in financial support to General Motors..."
Before Hans could finish speaking, Old Han interrupted: "However, if General Motors makes money in the future, it will also give priority to protecting Mr. Bai's interests, and the annual dividend income will not be less than 8%. That means that in the future, General Motors will
If you make money, every penny earned in the early stage will belong to Mr. Bai, what will other shareholders think?"
Bai Shuo smiled slightly: "Mr. Han, if I have no income guarantee, why should I invest 20 billion in you? And in order to ensure the purity of your blood, I will not participate in any future decisions of General Motors. If
If it were you, do you think it's fair?"
"Yes, as the largest shareholder in the future, Philode Investment has also evaluated this capital and believes that it is acceptable to obtain 8% of the income in priority."
Even the major shareholders didn't care, and Old Han had nothing to say and continued to look at the plan in his hands.
After a while, Lao Han closed the plan, looked at Hans and asked: "Although the plan mentions General Motors' future development positioning and the disposal of related legacy issues, many aspects are not very clear. I want to go into more detail.
learn."
Hans looked at Bai Shuo, and after getting Bai Shuo's signal, he said to Lao Han: "Most of these issues have been explained in the plan. Let me explain some of the ones you are most concerned about."
"As for the future development of General Motors, we plan to transform General Motors into a streamlined, more customer-centric company. This includes flattening the existing multi-layer management structure to shorten the decision-making process and compress the production of new models.
time to carry out marketing effectively..."
"Flat management? Does that mean there will be significant layoffs?" Lao Han questioned.
Hans paused and continued: "Yes, we plan to directly cut 21,000 jobs before the end of the year, close more than 10 factories and 2,600 of its 6,000 dealers. This includes laying off more than 30%
, nearly 400 senior managers. For the remaining employees, we will sign a new contract with the Automobile Workers Union, and the workers' wages will be reduced to the same wage level as that of Japanese and other automobile companies."
Old Han was a little excited: "Crazy, really crazy. You know, senior managers are the company's precious wealth. General Motors rarely fires senior managers."
Bai Shuo has done research on the management of General Motors. Unlike the other two major automobile companies in Japan and the United States, General Motors rarely "uses the knife" on senior executives. It is a bit like the ancient Chinese saying that "the punishment is not good enough for the doctor"
Similar. Of course, there is no punishment at all. When a team performs poorly, the company often just transfers it away from the country as a punishment. It is similar to exile in ancient times.
"Mr. Han, bloated personnel and high labor costs are very serious problems for General Motors. If this disease cannot be eradicated, it will seriously affect the company's future operations. Then this restructuring will be meaningless." Bai Shuo finally said
He said unbearably.
"Not only that, the next step will be to make changes to GM's medical insurance and pension plans with the support of the government. This includes the just-departed former CEO Mr. Lao Wa, who will make changes to GM's medical insurance and pension plans in the first five years of his retirement.
I can only get a pension of 10 million yuan."
Lao Han became even more excited: "Crazy, crazy, how is this possible? You must know that according to the previous regulations, Mr. Lao Wa will receive 23 million yuan after retirement, which is a reduction of nearly 60%. Not only that, do you know
We know that this will also bring huge changes to the lives of nearly 500,000 retired GM employees and 150,000 employees’ family members..."
"But……"
At this time, William said: "Mr. Han, have you ever thought about what will happen if General Motors really goes bankrupt? Even if the government intervenes to rescue General Motors, I believe the conditions will not be better than what they are now.
More generous. Moreover, GM’s current stock price is less than 1 yuan, and the overall market value is only more than one billion yuan. How much bargaining chips do you think GM will have if it continues to drag on?”
William's words made Lao Han gradually calm down. "Okay, are the plans to lay off employees and compress organizations simultaneously across the world?"
"Of course not." Bai Shuo said: "This global layoff plan will not include China. Moreover, the reorganized General Motors will increase its emphasis on the Chinese market. General Motors' international operations headquarters may
It will be established in the Magic City of China."
"boom!"
Old Han slammed the table angrily: "Should we also move General Motors' headquarters to China?"
When Hans saw this, he immediately explained: "Of course not. Mr. Han, don't get excited. We said at the last meeting that the focus of GM's future development is to grasp the Chinese market. Such considerations are not
There’s nothing wrong with it…”
Old Han calmed down, looked up at Bai Shuo and said, "I would like to know what role Mr. Bai plays in this reorganization? In addition to investment income, what benefits can you get?"
Bai Shuo smiled: "Of course what I value is not just the income from that investment. In the future, I will also become General Motors' most important partner in the Chinese market. In a sense, I will work closely with General Motors."
We share weal and woe, we advance and retreat together..."
Bai Shuo's explanation seemed to relieve Lao Han.
"Mr. Bai is preparing to tie his interests with General Motors. If General Motors wants to rise, it must win the Chinese market, and to win the Chinese market, it must cooperate with Mr. Bai. If General Motors can win in the future,
Restore your glory, Mr. Bai, you will also gain huge benefits, and this does not include the investment income in the restructuring of General Motors..."
Bai Shuo nodded slightly: "That's right."
"I finally understand why Mr. Bai is so keen on this matter..."
At this time, Hans explained: "Of course, out of consideration for investment interests and future cooperation guarantees, Mr. Bai will supervise the entire reorganization process and has the right to urge the reorganized General Motors to follow the development plan in the plan.
Promote implementation..."
Old Han nodded slightly: "Mr. Bai's plan is really perfect. Although nominally it has nothing to do with General Motors' future decision-making, it will share the huge dividends of General Motors' future development."
Bai Shuo shook his head: "You can't say that. If General Motors cannot get out of the predicament, I will also bear significant risks. It should be said that it is more appropriate to share benefits and risks."
After saying that, Bai Shuo thought to himself, this old boy is so paranoid. What if he knew that he was the ultimate controller of Philode Investment Company, which means that he was the boss behind the reorganized General Motors. Who knows what would happen?
He won't vomit blood and die from anger.
Old Han picked up the plan again and read it from beginning to end.
He said calmly: "This plan has a good guarantee for the rights and interests of the reorganized company and investors, but what benefit does it have for our current General Motors Company?"
Hans also picked up the plan again, looked at it briefly and said: "Mr. Han, first of all, through reorganization, the union and creditors will also occupy a certain proportion of shares in the future, and their rights and interests will be guaranteed. And for the current board members, we will also
A certain number of seats will be given. More importantly, General Motors has avoided bankruptcy. General Motors is still the same General Motors as before. Not only does it have pure blood, but its life can continue..."
Old Han thought for a while, spread out his hands and said, "But don't you have any room for concession?"
At this time, Cao An, who had always had no sense of existence, suddenly shouted: "We have said so much, why don't you understand? The most important issue now is that General Motors is not worth anything at all. If you don't accept our offer
Plan, how to resolve your debt of more than 170 billion yuan? How to protect the employee benefits you provide? I think maybe you have no choice."
Cao An's yelling, especially the phrase "no choice", made Lao Han completely lose his temper and helplessly slumped on the chair.
"Did I say something wrong?" Cao An approached Bai Shuo and asked softly.
Bai Shuo smiled and glanced at Cao An: "Not bad, maybe this is the most correct thing you said in these days."
After a long time, Old Han seemed to have made up his mind and said calmly: "Okay... I think I can submit this plan to the board of directors, and..."
Just when Bai Shuo and others thought that things should have made great progress, Lao Han's phone suddenly rang.
Lao Han interrupted what he wanted to say and immediately picked up the phone.
After just saying a few words, it seemed that the matter was of great importance. Lao Han gave a slight signal to everyone, then left the negotiation table, walked to the window of the conference room alone and deliberately lowered his voice.
A few minutes later, Lao Han returned to the negotiating table, seemingly more energetic than before.
Lao Han picked up the reorganization plan on the table, smiled playfully and said: "This plan does have many good points. But I said that you are not the only way out for General Motors. Apart from it, maybe I am not the only one.