Reborn Tycoon Rise

"The board of directors has approved Mr. Xu's investment plan. For such a large investment, the Committee on Foreign Investment in the United States also needs to go through certain procedures. However, because Mr. Xu is just an ordinary business investment this time, he does not seek management rights or voting rights. It shouldn’t be a problem with the Committee on Foreign Investment,” Welch said with a nod.

He was elected as the new CEO of General Electric at the beginning of this year. In accordance with the original agreement with Xu Zhi, he applied to the board of directors for a private equity increase financing request for Xiangjiang Hutchison Whampoa Group, even though Xiangjiang Yifang had announced that it would give up all the benefits brought by the stock. voting rights, but many directors still raised objections.

It took Welch two months to successfully convince the board of directors to accept financing from Xiangjiang. The reason why he is so active is not because of how well Welch keeps his promises, but also because General Electric is currently suffering from a serious "big company disease". All departments are extremely inefficient, and he needs to carry out a major reform.

But the reform will touch too many interests. Although he has become the CEO, it does not mean that he has become the emperor of the company. Many high-ranking people will still be extremely powerful obstacles. In order to increase the probability of his reform being successful, Wei Wei Erqi needed a large amount of cash that he could freely control, and Xu Zhi sent him this gift at this time.

"Okay, I have prepared US$580 million in cash at Citibank. As long as Mr. Welch says a word, the money can be immediately transferred to General Electric's account." Xu Zhi said with a smile, in order to increase success Rate, after Hutchison Whampoa became a shareholder in General Electric, not only did it give up the opportunity to sit on the board of directors, but also gave up the qualification to vote at the shareholders' meeting. Anyway, the investment time is not long, just make a profit, if you want to interfere with General Electric The development of this kind of core industry in the United States cannot be done by companies in Hong Kong, not even those in Europe.

"Then I wish us a happy cooperation." Welch said with a smile. At present, GE's market value is about 14 billion U.S. dollars, and its annual net profit is about 1.2 billion U.S. dollars, 580 million U.S. dollars. Even for the current GE It is also a huge amount of money, and more importantly, this money is cash outside the company's budget, and it does not belong to any old internal forces. In name, he, the CEO, has complete control over this cash.

After a two-hour flight, the plane successfully landed at Boston International Airport. General Electric Company also sent several Cadillacs to greet Xu Zhi, the investor, and CEO Welch.

"This is the first time I have come out of the VIP channel directly at the airport." Welch said to Xu Zhi with a smile after getting into the company car. After landing, Xu Zhi's plane did not dock with the passenger information desk like other airlines. , after all, these are just a few people, and it is impossible to have a special reception desk like civil aviation.

The airport specially arranged a bus to take the group on the plane to the VIP exit of the airport.

"Don't General Electric have private jets?" Xu Zhi asked with a smile.

"Yes, but it's just a small Gulfstream aircraft. Its range is sufficient within the United States, and aircraft like ours will not choose to take off and land at large civilian airports." Welch replied.

"Yes, small planes are indeed much more convenient." Xu Zhi nodded and said. The United States has the best airports in the world. Most of them are small airports, suitable for the takeoff and landing of business aircraft such as Gulfstream. They are not subject to airport control efficiency like civil aviation. In terms of efficiency, it far exceeds that of Boeing and other aircraft.

Welch laughed and said: "Convenience is very convenient, but comfort is far from it!"

"That's true." Xu Zhi smiled and nodded. Boeing and Gulfstream are both top companies in their respective fields. They are not bad at technology, but Gulfstream is following the development route of small aircraft after all.

No matter how well designed a small aircraft is, it cannot avoid the problem of difficulty in improving comfort. This is not only the size of the aircraft space and internal decoration, but more importantly, if it encounters airflow or other climate changes during flight, The small plane will vibrate so much that if you don't pay attention, people will fall down. Even if climate change can be detected in advance with current technology, there will still be a sudden attack.

Boeing aircraft are much better. Even the 737 is several times heavier than the ordinary Gulfstream, not to mention Xu Zhi's 747. Unless it encounters a very strong cyclone, it will not have any impact on the passengers inside.

The convoy soon arrived at GE's headquarters in Boston's southern suburbs, where a super-building could be seen from a distance.

This is a 76-story building. If it were in Hong Kong, this would definitely be the tallest building, but in the United States, it is just one of the ordinary buildings.

Outside the building is a commercial building area. The entire area is owned by General Electric, forming a large headquarters. There are as many as 16,000 regular employees of General Electric here.

Welch and several company executives personally took Xu Zhi and his party on a brief tour of GE's headquarters building and gave a brief introduction.

"Mr. Xu, please take a seat." After walking around the building, the two came to Welch's office.

Xu Zhi smiled and said, "Thank you very much."

"One thing I'm curious about is why Mr. Xu must invest in General Electric. With 600 million US dollars in cash, he can acquire many medium-sized companies in the United States." Welch asked with a smile. He had always been very surprised why the other party was so Like General Electric.

Huge amounts of capital are invested in large companies, mostly to control the company, or at least to be able to influence the company's decision-making to a certain extent, but Xu Zhi's investment is obviously not for this, and is purely a business investment.

Generally speaking, the rate of return of large companies in the capital market can only be stable, and it is difficult to meet the requirements of high returns. General Electric currently has a market value of more than 10 billion U.S. dollars. It is one of the largest industrial giants in the United States, and its major shareholders are generally Large retirement or union funds.

Xu Zhi said with a smile: "Rather than saying that I am optimistic about General Electric, it is better to say that I am optimistic about Mr. Welch. I believe that under the leadership of Mr. Welch, General Electric will definitely be able to give us shareholders higher returns."

"Mr. Xu, thank you." Welch smiled. He naturally didn't believe this, but since he couldn't ask, he didn't force it. Instead, he asked: "I heard that Mr. Xu moved the entire RCA TV production to Mainland?"

"Yes, labor prices in the Mainland are very low, land prices are cheap, and taxes are also very favorable." Xu Zhi nodded, this was not a secret, and asked: "Is Mr. Welch also interested in investing in the Mainland?"