Extraordinary Genius

The board of directors of the same car held an ad hoc meeting and all the directors came, as Malfoy, president of the company, brought important news back.

As they all know, Malfoy went to Ralph, CEO of Windstorm Holdings, and must have brought back the good news. Now they're big businessmen who don't know how much Windstorm Holdings is spending.

If you say you don't know, prove you're not a big businessman.

“Malfoy, tell us what's going on.” Saul, chairman of the board of directors of the same car, had a sad expression on his face.

Malfoy nodded and said out loud: “Gentlemen, there are two materials in front of you, right? The red seal is the condition we set out, and the blue seal is the condition set out by Windstorm Holding Group. ”

“The terms of Feng Yu Holding Group are simple, Feng Yu Holding Group agrees to buy some of our assets in cash, note that they are all in cash, there is no need to pay shares, and there is no deferred payment, the terms are much better than those given by the two previous companies. ”

“But at the same time, the assets they want to buy are all of our quality assets, even brand assets like Chevrolet and Buick, which we want to throw away, and they're not interested. ”

“What is happening now is that our business of shared cars has been severely affected. In the aftermath of the attack, we launched a five-year zero-interest loan sales approach to stimulate sales, and in the following years, we continued to expand the models and brands of this approach, offering more incentives. ”

“In the first few years, our sales surged, firmly occupying the world's # 1 throne in production and being recognized as the world's # 1 automotive group. At that time, our common financial credit company, through credit and investment, was able to provide our company with high profits. ”

“But we decided to go into real estate credit and did too much. Like some other real estate finance companies, we have granted too many subprime loans, which leaves us with too much risk. ”

“Unlike automobiles, the price of automobiles is far less expensive than that of houses. Although there have been a number of cases of inability to repay loans in automobile loans, the losses are not significant, and the profits of our financial credit companies fully cover this loss. ”

“But unlike real estate, real estate lending is higher, and the inability to repay loans has become more serious since last year, the proportion of bad debts is increasing, and our most powerful financial credit company has suffered losses. The mortgaged houses, also because of the depreciation of the houses, make it impossible for us to recover our investment. ”

“I did not agree to enter the real-estate lending sector, but none of the board supported me. I don't want to talk about the past anymore, but if we're going to get through this, we have to sell some assets or shares. My personal opinion tends to be sold to Rain Holdings. We need to discuss what assets to sell. ”

Malfoy spoke of some of the company's difficulties, pointing out that they were not caused by improper management, but were the result of decisions made by these directors, who were merely presidents and senior workers.

Nor did he say his final decision, but he left his baggage on the board. As to what the final decision was, he had no more than one right of recommendation, and the Board decided that he should just go ahead and implement it.

After listening to Malfoy, some directors have an unpleasant look on their faces. Is Malfoy accusing them? Just a president, dare to accuse them of these directors.

But I've heard that Chairman Saul is all about nominating Malfoy to serve on the board of directors as an executive director, and maybe that's Malfoy's bottom line.

None of them, the directors, thought that shared cars would survive this difficult situation. Just because they share a car, the world's number one automobile group!

Of course, they also know that some brands do not make money and lose a lot of money. The footsteps of expansion were too fast and now seem a little excessive.

Losing some bad assets and restructuring is something that many big companies have been through, including many that don't lose money, and the idea of sharing cars has always been there.

But nobody's a fool. Those bad assets. Who wants to take over? They can only find a way to sell it, by combining it with some quality assets and bad assets, so that it is possible to sell it.

Of course, there is another way, when the assets are reorganized, to get the non-performing assets to a company, to go bankrupt directly and to get rid of the baggage.

But in that case, not only would the operation be complicated, but it would also require a large turnover of money, and at least one shareholder would be required to make a sacrifice, who would be willing to do so? And this will also adversely affect the brand of the same car. The world's leading automotive company, will there be a business bankruptcy?

The directors looked at some of the assets listed by Malfoy for sale and were somewhat unhappy. Is this quality asset listed too much?

But when they saw the assets that Rain Holdings planned to acquire, they were really angry!

Too much deception!

These are all high-quality assets for the same car and are currently profitable businesses. We're going to get the money through this, but we're selling all the profitable business. Isn't that retarded?

“Malfoy, such a company, do you recommend us to work together?!” There are directors who can't help but scold.

Malfoy said calmly: “This is just the other party's goal, and everyone knows that this is absolutely impossible, and the Windstorm Holding Group must know. It's just a negotiation. How can the terms of both parties be the same? ”

Prices are demanded from the sky, money is repaid from the seats, and this is often the case when doing business.

Saul saw that the other directors were going to talk, and he said directly: "Our situation, Malfoy, has told you, is now the only company in Windstorm Holdings that wants to acquire our business that has enough cash in the shortest possible time. ”

“And they just said they wanted to acquire, and they didn't say anything about the terms, and we could make some terms, like buying certain brands, factories, etc. if we wanted to buy certain brands. ”

“This is a matter of interest to all our shareholders, and it is a matter of convening this board of directors and discussing it. Think carefully about how we should negotiate with each other. ”

All the directors didn't say anything, and none of them wanted to make a headbird. If someone finds out later that the XX brand was sold, it was proposed by one of the directors, then the employees of those enterprises will be dissatisfied and will not come directly to him?

Seeing no one say anything, Saul forced: "Everyone goes back and makes a sale plan and the meeting continues tomorrow. The longer it takes, the worse it will be for us! ”

……