Chapter 1292 The Stock Market War
General Electric, the management of the company. CEO Kevin Brown, who has been with the company for more than a decade, has been with the company. Richardson was already in the twilight of his life. Although he can still sit comfortably in the president's office, he knows very well in his heart that his time here is short.
Although he has been conscientiously serving this business empire for more than ten years, and even created the most glorious years of this empire at one time. But with the impact on the market in recent years, GE has inevitably experienced a decline in profits, so naturally, this guy who is nominally the president, but in fact is just a high-ranking worker, can only accept the impeachment from the board of directors and prepare to leave the place where the best years have been.
In all fairness, it is impossible for him to be free of resentment. But he knows what kind of behemoth GE is, and he knows what kind of terrible existence is behind the board. So he wasn't going to struggle with anything, and he wasn't going to resist anything. Come with peace of mind and go with peace of mind, this is what he wants. And in terms of benefits, GE has not been less than him over the years.
With an annual salary of 20 million plus 3 percent of GE shares, it is not in vain that he has served GE for so many years.
Of course, the human heart is always greedy. People like Richardson, since they were ruthlessly kicked away, then of course, it is impossible to continue to leave too much affection for their old club. Although on the surface, it is impossible for him to do something to General Electric, but it is completely possible to make a small move behind the scenes.
You know, he holds three percent of the company's shares. Although according to the agreement signed at the beginning, the three percent of the shares of the general company have the right of first refusal. But this preference is also conditional, that is, on the premise that it is not less than the current market value of the stock.
And what is the current stock market of GE, and how much was it before? Thirty-seven dollars per share and twenty-six dollars per share. The nearly 50 percent increase is enough to make the three percent in Richardson's hands an astronomical figure. Ten billion dollars, 10 billion dollars. If the current General Electric can directly spend 10 billion to buy the shares in its hands, then Richardson probably won't say anything. But he knew very well that General Electric, which had been poor for several years, could not directly come up with such a large amount of cash. There is a chance that their internal acquisitions will not be successful, and even if they can succeed, it is estimated that it will be the result of their own means and scheming. So instead of cheapening them, it is better to cheapen yourself.
Using the little authority he had left, he arranged all his hands and feet. Richardson easily informed his private accountant and listed his shares on the stock exchange at a 10 percent premium. And just as he thought, as soon as he hung up the list on his front foot, the unknown giant crocodile on that side had already swallowed the shares very simply. 11 billion, easy is like a little money to buy cigarettes. This really made Richardson, who was used to seeing the big world, couldn't help but be surprised.
You know, even the world's top large company like General Electric can't casually take out more than 10 billion yuan of liquidity to buy the shares in Richardson's hands.
It's an awkward question. Because as the president of General Electric, Richardson knows very well that there are not many people in the world who have such financial resources. Don't look at the market value of those emerging high-tech enterprises, which are hundreds of billions of dollars, they may not have this ability.
Because hundreds of billions are just market capitalization, not their pockets. No matter how powerful a company is, it is impossible to come up with tens of billions of liquidity at once. Without scheduling, so much money is taken out at once, maybe it will cause a break in the capital chain if you are not careful, and that is fatal for any enterprise.
Besides, Richardson wasn't deaf either. On the surface, there are only a few companies that can get this money, and if they make any big moves, they will definitely receive some rumors. And now he has received only one word about the Osborne Group, and the Osborne Group is a word of the Osborne family.
Thinking about this, Richardson felt like he had found his purpose. And at the thought of this goal, this guy who was almost ready to be Harry's grandfather couldn't help but sigh deeply. I was still excited about the extra billions of earnings just now, but after thinking about it, this is just one of the countless small actions under one big move. With such a comparison between the two, he immediately had a feeling that he had lived in a dog all his life.
Of course, this feeling is also a moment. Because when he saw the extra billion in his bank account, he suddenly felt that it was not bad to be able to live on such a dog in this life. There are a few dogs who can make so much money in their lifetime, and it is impossible for the dogs of the richest family. Therefore, if people want to be content, they will be almost satisfied with so much. As for the rest, let the others take care of it.
Richardson was the idea, and the people who thought the same way were definitely not in the minority. And under this same idea, the same understanding, and even the same approach, many old companies, including General Electric, have such a situation.
That is, their excess shares in the stock market have already been acquired. And when these shares are combined, their shareholders already have a small role that cannot be underestimated.
"Is this about to change? Or are we about to witness the rise of another business miracle? ”
Some people who have experienced the rise of Stark's father and son can't help but sigh at this time. Of course, in addition to this emotion, they don't have too much to worry about. Because the size of these established companies is there, they don't believe that there will be any unexpected situations. In the world of money, profit is everything. When so many interests are piled up, no one dares to act rashly.
If you move, you might even be crushed to death, so they don't believe that anyone would do such a stupid thing. So the most, it's just to welcome a new owner and neighbor. This is really not a big deal for these capitalists, who have already penetrated their lifeblood deeper into the financial field.
Everybody believes so, even the crazy elite of Wall Street. No one will be at odds with interests, and no one will not care about their own interests. Unless, he has a greater pursuit.
It's not that no one thought about this last point, it's just that no one wants to believe that there is such a greater pursuit. However, this greater pursuit is real, so naturally, the scene they least want to believe has already appeared in front of them like a landslide.
Huge amounts of capital have swallowed up the scattered shares of these established companies in the market, and in General Electric alone, they hold at least about 20% of the shares. These shares are not enough to shake the core power of the board of directors, but they are already able to achieve a significant position in GE.
And just when GM's shareholders thought it was all over here, they thought they would soon see the true face of the huge capital hiding behind the stock market. Things didn't go the way they had imagined.
The powerful capital hiding behind it had no intention of stopping itself as they expected, and after collecting most of the loose shares, they quickly did something crazy about it.
They didn't care about the high price because of themselves, and almost in the blink of an eye, they began to sell the shares they had collected at the market at a dollar per share. And such an action immediately stunned all the shareholders who were affected by the rumors. Immediately, one of them yelled.
"How dare he do this, how dare he do this?"
Yes, how dare he do that? Everyone is thinking this way, because everyone knows that this kind of sell-off above the bottom line is almost a declaration of war on an established company like General Electric, and a malicious attack on him in the stock market and finance.
No one dares to do this, because it is not only offending a General Electric, but also offending the shareholders of GE with intricate forces, those guys with a consortium background. GM belongs to Morgan, and Morgan is a real financial empire. So, this is definitely killing yourself, digging your own grave.
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 can't have time to deal with the sudden everything.
They can only watch as those stocks are frantically sold, watch the price of their own stocks plummet, and watch the market value of their companies begin to dive down.
This is definitely a nightmare-like scenario, if such a thing is really done by the other party. Then their losses will be in the hundreds of billions, which is something they absolutely do not want to see. So immediately, shareholders, including General Motors, gritted their teeth and started up.
"Guys, we can't let things go on like this. We have to move, if you don't want to see our stocks just turn into pieces of paper, and you don't want to go from glamorous rich to worthless bankrupts at once. Then we have to join forces, we have to bring up the stock price! ”
"Raise the stock price? Are you crazy? Where do we find this money? ”
Everyone was stunned, because at this time they suddenly realized that they had been forced into a desperate situation of war.