Chapter 1296: Debt Crisis Unexpected Transaction
GE is just an outcast, and an outcast that is being used to curry favor with others? If such a sentence comes from someone else's mouth, it is a joke nine times out of ten. But if such a thing were said by someone from a background like Morgan, then it would not be ridiculous at all.
What kind of behemoth the Morgan consortium is, he knows very well in his heart. Perhaps in the eyes of others, GE will be an out-and-out giant enterprise, a vital industrial force of a country. But for the Morgan consortium, GE is not an irreplaceable presence. It's important, but it's not the only one. If that is necessary, it is not impossible to give it up.
Now the elder Morgan has shown such a necessity for him, and in the face of his statement, the major shareholder can only stand up angrily, throw away a sentence and leave.
"You're going to regret it, you're going to regret it!"
"Regrets?" Looking at his departing back, old Morgan smiled and narrowed his eyes. There were some things that he did not say in his mouth, but in his heart. And now, when he was the only one left in this study, he naturally whispered to himself. "That's a question I've always wanted to ask. Do you regret Morgan becoming what he is today? No, of course you won't regret it. You've taken so much from Morgan. And now, at last, it is time for you to pay it back. Morgan, after all, belongs to Morgan. Take some interest first, and we'll calculate the principal slowly! ”
Morgan Sr. has experienced the rise and fall of the Morgan family, and of course he has his own calculations in his heart. Unfortunately, the majority shareholder of GE does not know this. Now that he is completely immersed in the crisis he is facing, he naturally has no time to guess the minds of others.
Furious, he returned to his home, and the major shareholder began to hurriedly count the assets in his hands. He needs to know how much money he has at his disposal and how much property he can sell. He did it because he knew it well. If GE can't survive, then he's almost bankrupt.
Having invested almost all of his money in the company's projects, he is definitely the one who has suffered the most losses among all shareholders. When these projects die with GE's changes, he will be completely penniless. Not only will he lose everything, but he will even owe a lot of money to the bank.
The capitalists are accustomed to using banks to borrow chickens to lay eggs, and it is a shame for them to keep their money in their own hands. Of course, in the vast majority of cases this is the right thing to do. After all, currencies can depreciate due to inflation, but investments don't. However, when the capitalists' investments are dealt a fatal blow, their clever behavior will immediately become a curse for their lives, directly driving them into the abyss from which they will never recover.
The majority shareholder is like this, he mortgaged his shares and various assets to the bank, and borrowed a huge amount of money to invest in some of GE's most advantageous projects in the next two decades. It can be said that if everything develops normally, these projects will bring him rich economic benefits, and maybe even double his value.
However, what happened in the stock market changed everything. His stock was depreciating rapidly, and this made him unknowingly owe a lot of money to the bank. If those projects are still operating, then maybe the bank can give him some face and delay a little time for him to raise money to pay it back.
But when the bank knew that those projects had failed, it was almost impossible to generate a profit for him. I'm afraid they're going to turn their faces on him right away.
There are never a few people in this world who are forced to die by banks, and rich people are the best among them. The major shareholder, who is almost impossible to repay this huge debt, has almost seen his own fate, and the assets in his hands are not enough for him to repay his debts, so in the end he is not swept away, wandering and begging. It's jumping off the Golden Gate Bridge, and it's a hundred.
This is not a situation that he can accept, and in fact it is impossible for anyone to accept it calmly when faced with such a situation. So it's understandable that his mood is starting to become irritable and impermanent.
From time to time there was the sound of him beating and cursing in the study, and the fact that it was completely different from the upbringing he usually showed made the servants of the whole mansion become cautious. They didn't know what was going on, but they knew they were in the middle of the storm. If you are not careful, it is likely to attract the anger of your own master. Therefore, they are very tacit and choose to avoid their irascible master at this time.
Of course, not everyone will do this. For example, the old housekeeper of the family, he would not do this. He knew his master very well for many years, and he knew that he must be in trouble now, and in this case, maybe the phone call he had just received could help his master. So knowing that now is not a good time to show his head, he still knocked on the door tremblingly and said to the major shareholder.
"Sir, there's a phone call here, I think you should listen to it."
"Get out of here, I'm not in the mood to talk to these guys who don't know where they came from. Also, don't bother me again. Otherwise, I wouldn't mind getting you out of this house right away! ”
The major shareholder scolded, not saving any face for this old housekeeper who has served him for more than ten years. This made the old butler's face a little pale, but he still dutifully said to the master he served.
"Sir, the call is from Mr. Harry Osborne, Chairman of the Osborne Group, and he says he has something important to talk to you about. I guess this should help you with the predicament you're currently experiencing. So"
Hearing Harry's name, the majority shareholder finally regained a little bit of his senses. He gasped and waved his hand to let his old butler down. Then he hurriedly picked up the microphone on the desk and hurriedly dialed it back.
Although he didn't know what Harry Osbourne meant by calling him at this time, he knew very well that this might be the only turning point he could encounter. Whatever it was, there was no reason for him to let go of such an opportunity. So, he had to call this call back.
Two blind tones beeped, and a young man's voice came from the other end of the phone. Hearing this voice, the major shareholder immediately became a little anxious, and even asked flatteringly.
"Is it Mr. Harry Osborne? I'm Bob Jones, chairman of General Electric. Pls did you just contact me for something? ”
"Mr. Jones, is it? Yes, I just contacted you. I've heard you're in some big trouble, haven't you? ”
Harry's face was greeted with a smile that would only result in a hunter watching his prey fall into a trap. This made him feel good, and at the same time, he also asked questions unhurriedly.
"Just call me Bob. Yes, Mr. Osborne. I'll tell you the truth, I'm in some trouble. But I don't understand, does it have anything to do with you looking for me? We probably don't have much intersection with each other, and we haven't even met. ”
Although he saw Harry as his hope for survival, the major shareholder did not let down his vigilance. He replied cautiously, in a way that immediately made Harry laugh.
"Sorry, Bob. Let's be more direct. I already know what happened to the stock market, and I also know that GE doesn't have much ability to go through this severe test. Neither the government nor the consortium will help you much. Because your opponent is something they don't want to offend right now. In other words, you're abandoned, aren't you? ”
nakedly uncovered the scars of the major shareholder, which made him feel uncomfortable for a while. And what embarrassed him the most was that the words came from the mouth of Harry, a young man who didn't even have the hair in his eyes. You know, he never thought Harry was an equal to himself before this. It was almost the same if his father was here. And now, because he inherited his father's inheritance, this hairy boy actually dared to say such things in front of him. This made him feel uncomfortable all of a sudden.
However, despite the discomfort, the major shareholder still has no intention of turning his face with Harry. He took a few deep breaths and suppressed the resentment in his heart. Then he said to Harry as calmly as he could.
"That's right. But I don't understand, what does this have to do with you. Mr. Osborne, you didn't call me to talk nonsense. ”
"You're right, I'm not here to talk nonsense with you."
Nodding, Harry said straight to the point.
"I'll tell you the truth, Bob. I already had a foresight of what was happening in the stock market. And now, just in time, I have a large amount of cash in my hand. So you know what I mean? ”
"You want to help GE?"
As soon as he heard this, the major shareholders were a little surprised. He had ignored Harry's foresight, and was overjoyed to think he had met a good man. Unfortunately, Harry didn't think so.
"Are you kidding me? Why should I help GE, and will this kind of GE give me any benefit? ”
"And what do you mean?" The major shareholder who went straight up and down in his heart was also impatient at this time, he frowned, and asked a little unhappily. Harry replied with a smile in response to his questioning.
"It's simple, Bob. I don't want to help GE, but I'm willing to help you. I know you have a stake in GE, and I know that you are facing a debt crisis right now. In a word, 10 billion. Transfer all the shares to me, and I'll help you get through this difficult time. What do you think? Are you willing to make this deal with me? ”