"Flannery's behavior is so crazy. I'm really worried that not only will the 131-year-old GE be destroyed in his hands, but Apple, which is about to go through half a century, will not be spared either."
After the meeting, Tim Cook turned around and spoke to the Apple board of directors. There was worry in every line of his words. Just thinking about it makes people shiver.
These guys are really capable of anything.
"Mr. Cook, what are you going to do now that the matter has come to this?" A core member of the board of directors asked: "Remove John? Or confess the matter? Huh?"
"..."
These words left Cook, who has been Apple CEO for more than ten years, speechless. This matter has been unable to be closed so far. John Flannery dared to confess all this at the meeting, which shows that he has
Expected all this.
Is there a better way?
Get rid of John?
Cook could not help but think about dark means in his heart, but found that even this would not work because all the vested interests knew the truth.
If John Flannery is assassinated, everyone will be in danger and suspicious of each other, which will inevitably bring more terrifying consequences. By then, Apple and General Electric will become victims, and it will even affect the entire country.
North America's elite group.
At least for now, those who are familiar with the situation are the beneficiaries of this huge interest link. Everyone will be prosperous and everyone will suffer losses. Cook believes that when the major shareholders and capital consortia learn about this shocking news, they will definitely make corresponding responses as soon as the meeting is over.
Preparations...preparations for the worst, in order to achieve a certain balance of terror to check and balance each other.
No one is stupid. Obviously, no one dares to break that terrible balance easily.
Seeing that Cook was silent, the shareholder continued to speak: "Then let me tell you Mr. Cook, John will not only continue to be in charge of GE, but also sit on the board of directors."
Cook declined to comment.
Another big capitalist who attended the meeting said with a harmless smile: "Everyone, always think on the bright side. By annexing Caiso, General Electric will complete the integration of power energy in the western United States. After the restructuring, it will establish a subsidiary.
Company ge Energy, we will control more than 70% of the electric energy in North America, plus GE's main business of large machinery, then we will have a more active voice in the subsequent negotiations with the Chinese people. John's behavior is in line with all shareholders
It’s just that the methods are a little too extreme.”
Slightly? Is this called a little extreme?
The blackout in the western region has affected the normal lives of 70 to 80 million people. Traffic in the western states has been paralyzed. More than 76 people have been confirmed dead. More than 20,000 people have directly or indirectly suffered varying degrees of trauma, etc...
Cook saw that he was kind and kind, but he felt inexplicably cold. The most terrifying thing was that he was already on the ship. If he had any second thoughts, he would never doubt that he would disappear without knowing it.
There was no way back, so he had to bite the bullet and walk all the way to the dark. He sighed secretly in his heart, and Cook mused:
"The 14th US-China Business Leaders Roundtable will be held in San Francisco on June 27. Before the conference, the merger and acquisition of Caiso must be completed as soon as possible. It will not be that fast just through GE, and more help is needed.
"
"Rest assured, Mr. Cook, all shareholders will use their respective resources to support the acquisition of Caiso as quickly as possible."
…
In early June, caiso CEO Patrick Cohen took a special plane to Boston on the east coast of the United States. He stopped in New York on the way and stopped at Wall Street. The main destination was the General Electric headquarters in Boston because he received a letter from GE's then boss.
An invitation to dinner from John Flannery, the doorman.
The blackout in the western United States has caused Caiso to face an unprecedented crisis. It is now sliding into insolvency. The situation of the former energy giant Enron collapsing overnight is still lingering in his mind.
The current caiso is so similar.
The current caiso is simply a hot potato. No one dares to accept this hole. However, Patrick is still working hard to find a savior to turn the tide. No matter it is any capital or anyone, in order to prevent the capital chain from being broken, he grits his teeth and takes on loss-making transactions.
I had no choice but to continue, just to avoid going into the cell.
The Chinese people are very willing to accept it. For example, the State Grid is a matter of thousands of billions of dollars. This hole can be filled, but it is obviously impossible. The United States will not let Chinese capital control North America unless its head is kicked by a donkey.
Energy lifeline, this situation is not even theoretically possible.
Now the head of GE suddenly extends an olive branch. Caiso, who is like a trapped beast at the moment, can't control that much. Patrick knows that this dinner invitation is more about transaction negotiations, and now GE has more than 100 billion US dollars in cash.
Reserves, plus financing from the stock market, will result in a cash flow of at least US$150 billion.
Being connected to GE is equivalent to being indirectly connected to super giants such as Apple and Berkshire Hathaway.
Other capital is certainly capable of swallowing caiso, but what happens after it is swallowed?
Only a fool would do it if he has taken in such a debt and cannot cough up real money.
Only ge can save caiso. There is no way Patrick can refuse this dinner and deal.
…
At the same time, GE's M&A teams across all industrial companies received a message: Headquarters wanted the biggest acquisition target.
On June 3, the two leaders chatted in Boston until late at night. After dinner, John Flannery was considering looking for other acquisition targets to pave the way for globalization to integrate oil and gas equipment and power generation.
Wärtsilä () of the plant has further activated and restarted a "Lion Project" that has been in preparation for more than ten years.
Not long after that dinner with Patrick, in just one week, GE's team of M&A experts began calculating the value of the deal to acquire Caiso.
Ge Power (ge-power), a comprehensive power generation equipment company under General Electric, has reorganized its structure, and the new ge Energy has emerged from the cocoon.
The caiso crisis has not disappeared out of thin air, but the stock price has become cheaper. However, in John's view, this transaction is fully consistent with his vision of reshaping the General Electric Group.
The reshaped GE can be described as follows: GE replaces the "old money printing machine" ge finance that is no longer meaningful with the "new money printing machine" ge energy that should be able to bring stable profits every quarter.
On June 12, General Electric held a shareholders' meeting in Chicago. In order to meet with GE's shareholders, a group of CAISO executives flew there and stayed at a hotel near the venue.
To the dismay of some people involved in the matter, GE's offer rose slightly from $57.2 per share, which GE Power's M&A team believed was too high, to $61, which was simply a bargain.
But after learning that Patrick and Flannery had met alone, the M&A team realized that the overall situation had been decided, and the two leaders had already negotiated everything over drinks and chats.
A few hours after the shareholder meeting, news of the acquisition of Caiso spread like wildfire. The acquisition, valued at $72.8 billion, will be part of a strategic plan that John Flannery believes can restore the integration of GE and build his legacy.
milestone stage.
The swallowing of Caiso is a staged victory for John Flannery, which officially laid the foundation for GE's integration of North American power energy. Other areas of the GE Group, including the field of home appliances and machinery, are not idle either. Some areas are still being laid, but
The overall strategic direction has been determined, the pattern has been decided, and ge has become a trend in North America.
The ambitious John Flannery has taken care of the "household affairs", and the next negotiation with the Chinese is the key to whether ge will be able to revive the dead tree.
All this leads to the 14th China-U.S. Business Leaders Roundtable held in San Francisco on June 27.
