Back To 1995

   Chapter 836 Just around the corner

   Hearing that Song Yang was going to give up a large amount of ICQ equity again, completely losing his status as the largest individual shareholder, Irene couldn't help but be taken aback.

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

   The 9% stake in General Electric will be transferred 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!

   opened her mouth. Irene had a lot to say. She also had ICQ executives, America Telecom, and ICNC TV Tower.

But the premise of all this is based on the fact that they have the support of Song Yang, the second largest shareholder, and can stabilize the board of directors. Without Song Yang's support and loss of control over the board of directors, Irene has no control over the entire ICQ. The control power will drop a lot, not to mention the control of the Comcast TV network, the NBC group and the soon-to-be-acquired Bronfman group.

   All kinds of thoughts flashed through her mind, and Irene didn't ask why at the end, but said in a slightly low mood, "Really want to give up control of ICQ?!

  In case, the internet hasn’t changed, ICQ’s predicament is only temporary…”

At the end of the speech, Irene couldn't continue. Seeing Song Yang's calm gaze, Irene knew that Song Yang was making a big gamble, just like when Song Yang gambled heavily on America Telecom's broadband line from Chicago to New York. In the same way, if he wins the bet, he earns a billion dollars in cash a year, so that Song Yang does not need to curry favor with Silicon Valley venture capital firms and Wall Street, but sells the company's equity.

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

In the end, Song Yang won the bet. The broadband line from the Chicago Futures Exchange to Wall Street in New York is still the most profitable broadband line in the world. The annual turnover of more than 100 billion dollars is all through this line. traded.

The emergence of American Telecom broadband 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 a new electronic trading platform. Once completed, it will eventually make the daily transaction time exceed 21% hours for more leeks to embrace!

Telecom Americas, for the line from Chicago to Wall Street, is also constantly repairing. Recently, the technical department of Telecom Americas, together with Bell Labs and Yanjing Telecom R&D Center, has come up with a new generation of optical broadband line technology, which is far faster than the current network. Hurry up, I am going to re-do a new route. Of course, the fees will definitely not be cheap. As long as it is completed, I am not afraid that Wall Street institutions that play futures will not pay!

   Now, Song Yang is obviously going to gamble on ICQ again. After this transfer of equity, Song Yang still has 10% of ICQ left.

The    equity still seems to be a lot, but the voice and influence in ICQ will be greatly reduced. Irene's situation in ICQ will also change, she has to think about things in the future...

   "President Welch!"

  Song Yang came to the Welch couple with Irene, who was worried, and said to the once most powerful figure.

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

   Welch was very open-minded and did not seem to be distressed by losing his power. He smiled and said to Song Yang, "Ms. Irene doesn't seem to be in high interest..."

  Irene forced a smile and shook her head, "It's just that I ran into some trouble."

   Welch said to Irene with a deep gaze, "A little bit of life advice, you can be an old man's nonsense, when dealing with a company or a department, either improve, or close or sell!"

   These words seem to be "unremarkable", but they are murderous. When Welch took over GE, it had been established for 89 years and had 400,000 employees worldwide, including more than 20,000 managers.

After Welch became the head of the company, he cut off 350 departments, sold a quarter of GE's companies, and laid off 270,000 people. As for the more than 900 companies that were acquired, most of them were Treated in this way, use what can be used, and dismantle or sell everything that cannot be used!

Listening to Welch's words, Irene couldn't help but let out a wry smile. She understood Welch's tough tactics, but she knew that it was too late for her now. Irene is not sure how long she will be the president of ICQ...

After saying a word to Irene, Welch turned his eyes to Song Yang, and being able to say this to Irene was already a reminder that Welch, as the "former" head of General Electric, gave Irene Now, he's retired, and he doesn't need to worry about GE and ICQ.

Welch raised his wine glass and chatted with Song Yang, seeming to be in high spirits, "Song, I heard rumors about you a long time ago, 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 trouble of the Internet, and now the Internet industry is mainly earning the Internet advertising fees provided by Double-click!"

General Electric is also playing the Internet, but its reputation is not well-known. Compared with ICQ, Yahoo, and AOL, which are blowing the sky, General Electric also called out early to play the Internet. However, until Welch retired, General Electric was in In this line, there is no flower, and several Internet and e-commerce companies have been established, but most of them are transactions between GE's internal companies, and they have not caused any storms like Amazon and other Internet platforms.

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

Welch said to Song Yang with a nostalgic expression on his face, he has retired, and Howard Hughes, who once swayed him in his youth, has long been forgotten by the new generation of American people, and even needs to be made into a movie. Being known, Welch didn't know when he would be forgotten, 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 person to mention him, he is the pride of America's generation, but I have to say, I am different from him!"

Although Song Yang said this in a joking tone, Welch could still hear the meaning of Song Yang's words. Howard Hughes has indeed become a symbol and can be put together with Howard Hughes. Comparison has already proved recognition, but Song Yang doesn't want such recognition, he doesn't need to be the second Howard Hughes!

The second one can never be better than the first one, even if it resembles the first one, it will never be possible. Song Yang doesn't want a name that is very similar to Howard Hughes. Someone will write a biography for Song Yang in the future. , Song Yang hopes that in the introduction, this is Bruno Song's life, not the second person.

Looking at Song Yang in front of him, for a moment, Welch couldn't help but feel a little dazed, as if he had returned to the age when he was young. Howard Hughes, who appeared in front of the media, was touted by the media as the second Nikolai. ·When Tesla or Edison, Howard Hughes also categorically refused, also bluntly, he is not these two people, someone will remember him as Howard Hughes!

   Now, there is also a person who said this 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 a vacation. I think you and Mrs. Welch will like it there!"

Song Yang said to Welch, although Welch has retired, he still has experience and connections. Immelt doesn't want Welch, it doesn't mean Welch is really useless, Song Yang hopes, Those who can pull Welch over may be able to cut a few more leeks when cutting GE 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, General Electric suddenly announced that it would raise no less than $35 billion in cash by issuing stocks, bonds, mortgages, etc., which was interpreted by the outside world as Immel Special, the newly appointed head of General Electric, wants to make three fires for the new official to take office, and start to do things!

   (end of this chapter)