Back to 1995

Chapter 836
Hearing that Song Yang was going to give up a large amount of ICQ shares again and completely lose his status as the largest individual shareholder, Irene couldn't help being taken aback.

With the current structure of the ICQ board of directors, General Electric is the largest shareholder, holding 22% of the shares, Comcast Group holds 17%, Goldman Sachs holds 9%, Telephone and Telegraph Group holds 8%, and Deutsche Bank holds 7%. , plus Song Yang's 19% stake in ICQ, these are the major shareholders of ICQ holding more than 5% of the shares, and they are also qualified to participate in ICQ voting.

Transferring 9% of the shares to General Electric again, the entire ICQ structure will be completely broken, General Electric will become the absolute majority shareholder of ICQ, and Immelt will become the real helm of ICQ!
Opening her mouth, Irene had a lot to say in her mind. She also had ICQ executives, American Telecom, and ICNC TV Tower, all of whom belonged to the "Old Clan" and the most powerful faction in ICQ at present.

But the premise of all this is that they have the support of Song Yang, the second largest shareholder, and they can stabilize the board of directors. Without Song Yang's support and losing control of the board of directors, Irene's control over the entire ICQ The control power will drop a lot, not to mention the control of Comcast Television Network, NBC Group and the upcoming Bronfman Group.

Various thoughts flashed in my mind, and Irene didn't ask why in the end, but said with a slightly low mood, "Do you really want to give up the control of ICQ?!
In case, the Internet has not changed, ICQ's plight is only temporary..."

In the end, Irene couldn't continue. Seeing Song Yang's calm gaze, Irene knew that Song Yang was taking a big gamble, just like Song Yang's big bet on America Telecom's Chicago-New York broadband line Similarly, if he won the bet, he would earn a billion dollars in cash a year, so that Song Yang would no longer have to curry favor with Silicon Valley venture capital companies and Wall Street, and instead sell the company's equity.

If the bet is lost, the whole game is lost, and the double-click company that has just improved will be taken in.

In the end, Song Yang won the bet. The broadband line from the Chicago Board of Trade to Wall Street in New York is still the most profitable broadband line in the world. The annual turnover of more than [-] billion US dollars is all through this line. deal.

The emergence of telecommunications broadband in the Americas has allowed the Chicago Stock Exchange to increase its trading volume by 50% for three consecutive years. The emergence of the Internet has allowed more leeks to enter this market. Recently, the Chicago Stock Exchange is preparing for a new electronic trading platform. Once it is completed, it will eventually make the daily trading time more than 21% hours, for more leeks to embrace!

American Telecom is also constantly repairing the line from Chicago to Wall Street. Recently, the technology department of American Telecom, in conjunction with Bell Labs and Yanjing Telecom R&D Center, has developed a new generation of optical broadband line technology, which is far faster than the current network. Hurry up and plan to re-route the dormitory. Of course, the fee will definitely not be cheap. Once it is completed, there is no fear that Wall Street's futures institutions will not pay the bill!
Now, Song Yang is obviously going to gamble again on ICQ. After the equity transfer this time, Song Yang still has 10% of ICQ left.
The equity still seems to be a lot, but the right to speak and influence in ICQ will drop significantly. Irene's situation in ICQ will also change. She has to think about the future...

"President Welch!"

Song Yang came to the Welch couple with Irene, who was worried, and said to the most powerful person in the past.

Welch looked at the two people in Song Yang in front of him, and then put his eyes on Song Yang, "Song, actually, I have always wanted to meet Song you, but I didn't expect that it would be like this today, Song you Come to my retirement banquet!"

Welch was very open-minded, and didn't seem to be troubled by losing his power. He smiled and said to Song Yang, "Ms. Irene doesn't seem to be very interested..."

Irene forced a smile and shook her head, "It's just that I encountered some troubles."

Welch said to Irene with deep eyes, "Just a little life advice, you are just talking nonsense like an old man. When dealing with a department of a company, you must either improve it, close it or sell it!"

This seems to be "unremarkable", but it is murderous. When Welch took over General Electric, it had been established for 89 years, with 40 employees worldwide, and there were more than 2 managers, large and small.
After Welch became the head, he cut 350 departments, sold a quarter of the companies under General Electric, and laid off 27 people. As for the more than 900 companies that were acquired, most of them If it is handled in this way, use what can be used, and dismantle or sell what can't be used!
Hearing Welch's words, Irene couldn't help but smiled wryly. She understood Welch's tough methods, but she knew that it was too late for her now, and she could still Irene is not sure how long she will stay in the position of president of ICQ...

After saying a word to Irene, Welch turned his gaze to Song Yang. Being able to say this sentence to Irene was already a reminder from Welch, as the "former" head of General Electric, to Irene. Yes, he's retired, he doesn't need to worry about the troubles of General Electric and ICQ.

Holding a glass of wine, Welch chatted with Song Yang, seemingly in high spirits, "Song, I heard the rumors about Ni very early on. I remember that at that time, General Electric was just starting to promote the Internet, and you established Double-click Company has solved the big troubles of the Internet, and now the Internet industry earns mainly from Internet advertising fees supplied by Double-click!"

General Electric is also playing with the Internet, but its reputation is not good. Compared with ICQ, Yahoo, and AOL, which are blowing the sky, General Electric also called out to play the Internet early. However, until Welch retired, General Electric was In this business, nothing has been played out, and several Internet and e-commerce companies have been established, but most of them are transactions between companies within General Electric, and they have not caused any disturbances like Amazon and other Internet platforms.

"Song, seeing you reminds me of someone. If he is still there, maybe you can have a good chat. He will definitely welcome you!"

Welch said to Song Yang with a look of nostalgia, he has retired, and Howard Hughes, who once dominated his youth, has long been forgotten by the new generation of Americans, and even needs to be made into a movie to be able to Being known by others, Welch didn't know when he would be forgotten by others, and whether he would be remembered like Howard Hughes after decades.

"Howard Hughes?!"

Song Yang said with a smile, "President Welch, you are not the first to mention him. He is the pride of the American generation, but I want to say that I am different from him!"

Although Song Yang said this in a joking tone, Welch could still hear the meaning in Song Yang's words. Howard Hughes has indeed become a symbol and can be put together with Howard Hughes In comparison, it has already proved the recognition, but Song Yang does not want such recognition, he does not need to be the second Howard Hughes!
The second one will never be better than the first one, no matter how similar it is to the first one, it will never be possible. Song Yang does not want a name that is similar to Howard Hughes. If someone writes a biography for Song Yang in the future , Song Yang hopes that in the introduction, this is Bruno Song's life, not the second someone.

Looking at Song Yang in front of him, for a moment, Welch couldn't help feeling a little dazed, as if he had returned to the time when he was young. Howard Hughes, who appeared in front of the media, was touted by the media as the second Nicholas When it came to Tesla or Edison, Howard Hughes also categorically refused, and also bluntly said that he is not these two people, and someone will remember his name as Howard Hughes!
Now, there is also a person who said such words to him, looked up at Song Yang, Welch smiled, "I remember!"

"President Welch, if you are interested, you can go to the Bruno Family Club in Houston for vacation. I think you and Mrs. Welch will like it there!"

Song Yang said to Welch that although Welch has retired, he still has experience and contacts. Immelt doesn't want Welch, but it doesn't mean that Welch is really useless. Song Yang hopes, Those who can pull Welch over there may be able to cut a few more crops of leeks when cutting General Electric leeks in the future.

"I'll think about it!" Welch responded with a smile.

When General Electric was handing over the new and old leaders, GE suddenly announced that it would raise no less than US$350 billion in cash through the issuance of stocks, bonds, mortgages, etc. This was interpreted by the outside world as Immelt, the new The head of General Electric, who took office, wanted the new official to take office three times, and started to make troubles!
(End of this chapter)