Go back to 1990 to start a business

Cisco issued an announcement and Pingguo immediately held a board meeting.

CEO Scully glanced at everyone and said slowly:

"Eke will not increase the price. It is already obvious now. Anna actually acquired Cisco for US$15 billion, but only gave Pingguo a valuation of US$6.6 million. Let's vote. I am opposed to the acquisition."

He believed that no one had anything to say this time.

Deputy Li Kai followed closely and said: "I am opposed to the acquisition."

Unexpectedly, Chief Architect Scott Forstall said solemnly:

"Anna's 15 billion acquisition of Cisco cannot be her own intention. This is Xia Chuan's instruction. This once again confirms that Xia Chuan never lowers the price to acquire Cisco, but only gives the proper valuation.

So what is the problem with our valuation of 6.6 million?In terms of talent strength, we surpass Cisco, in terms of technology accumulation, we surpass Cisco, in terms of corporate history, we surpass Cisco, and in terms of revenue, we surpass Cisco. The only problem is that we are losing money.

And this loss is not a temporary loss caused by Dell's expansion, but a problem with our management, our people, and our decision-making.At this time, we should be more awake and stop being blindly confident. Pingguo needs people like Steve Jobs or Xia Chuan.

If we were acquired by someone else, I would object.But after being acquired by Xia Chuan, I believe that Pingguo will regain its glory and become even more glorious.I agree to the acquisition. "

The others looked at each other, and chief designer Jonathan Ivey said simply: "I agree."

Vice President Ron Johnson followed closely: "I agree."

Bob Mansfield: "Agreed."

Michael Spindler: "Agreed."

……

Sculley never expected that everyone except him and Kai-Fu Lee would agree.

But he quickly understood that everyone was feeling tired and breathless under the pressure of shareholders.

No one seems to mention it, but every director has been threatened by Wilson or other heavyweight shareholders.

Really helpless.

When they drove Jobs away, they were all confident that they were right.

It turns out that the business just wouldn't work without Jobs.

They just want to undo this mistake, Xia Chuan is their life-saving straw, they just want it to end quickly.

Scully sighed secretly, it seemed that his resignation was inevitable.

He said helplessly:

"The resolution passes. But I don't think the review committee will approve it."

……

The U.S. Securities Regulatory Commission has [-] employees, is headquartered in Washington, and has a branch in Niuyue.

The five members of the audit committee are not from one department, but are the heads of the four departments of the China Securities Regulatory Commission, plus the chief executive officer.

The positions of these five committee members are so important that they are personally appointed by the President with the "suggestion" and "permission" of the Senate. Each committee member has a five-year term, but the terms of the five members are staggered one year apart, and one member is replaced every year. committee member.

To put it bluntly, the American boss appoints the top CEO, and the other four are determined by the game of senators. If you think about the consortium behind the senators, you will understand that these five people represent the five most powerful consortiums.

In fact, it is rare for a top CEO to serve for a full five-year term. This position is like sitting on the crater of a volcano, and usually one becomes physically and mentally exhausted in about two years.

At this time, in the headquarters, five big guys with wrinkled faces gathered together, like five old antiques, with solemn expressions.

Peter, the boss of the Financing Supervision Department, spoke first:

"Xia Chuan wants to acquire Pingguo and Cisco at the same time, which seems to completely deviate from the purpose of his public announcement.

Cisco is not a weak link in the Internet. Pingguo makes high-end computers and there is no need to acquire it. Moreover, it conflicts with Dell.

My conclusion is that he is just trying to make money.These two enterprises can develop very well without his promotion.

We should force him to innovate in science and technology and make products like Viagra, and not give him the opportunity to pick up ready-made products. Therefore, I do not agree with these two acquisitions. "

Peter was the first to express his stance because Xia Chuan showed his intention to integrate the computer industry, and both Dell and Pingguo posed a great threat to IBM.

Everything is a game of interests.

Nathan, the boss of the marketing management department, moved his stiff expression and slowly said:

"I don't think so. Pingguo's performance is deteriorating. Xia Chuan publicly said that he would go bankrupt within three years. This is a bet on his own credibility. Can he have no credibility at all?

I think Pingguo is a high-quality asset, but the difference lies in strategy or people.With Xia Chuan's intervention, Pingguo can regain his glory immediately.

As for Cisco, I don’t understand how Pete could make such a logical mistake. Why can’t Cisco produce great products?Maybe Xia Chuan already had a great product before acquiring Cisco.So, I agreed to acquire Pingguo and Cisco. "

Nathan is the representative of the Mellon Consortium. The Mellon Consortium does not have high-tech companies, so he supports Xia Chuan no matter what he does. Anyway, it is within the scope of high technology, and he supports it even if he does not understand it. He believes that Xia Chuan is smarter than him.

Next, the boss of the Investigation and Execution Department spoke. He pointed out that Xia Chuan was renovating his house in Luoshanji. The acquisition of Cisco was not Xia Chuan's opinion, but Anna's own choice.So he opposed the acquisition of Cisco, but agreed to acquire Pingguo.

The boss of the investment management department spoke. He believed that Xia Chuan’s investment should be locked up first, and his confidence in U.S. investment in high technology should not be undermined. Otherwise, he could withdraw his capital, so he agreed to acquire Cisco (the real reason is that Cisco can make money), but he objected Acquiring Pingguo will cause the outflow of high technology from the United States (the real reason is that Pingguo loses money and is risky).

Four people expressed their opinions, equal to two to two.

Chief Executive Officer Cox was happy. He made a decision. He represented Booth's will:

"I think you have overlooked two things. First, national strategy must take precedence over other factors. As far as national strategy is concerned, retaining Xia Chuan is more important than anything else. If you have any ideas, you have to wait until Xia Chuan has taken root.

Second, if Xia Chuan cannot control leading technology, how do you let him push technology forward?Slowly catching up with leading technology?Or go back to China to develop?All objections were eliminated and I agreed to acquire both businesses. "

……

The review passed faster than everyone expected, and the China Securities Regulatory Commission officially approved it.

Scully received the notice and did not move for a long time, with a bitter look on his face.

He knew that all hope was lost and he was about to leave Pingguo in despair. As a top professional manager, this was a shame.

Originally he and Jobs were good friends.

Just because they were dissatisfied with Jobs's strength, they teamed up with other directors to drive Jobs away.

The friendship ended and there was no contact again.

But now, the tide has turned, and Steve Jobs is about to return as the king.

As for the shareholders' meeting, it's just a formality without even thinking about it.Shareholders only care about the stock price, and Xia Chuan's acquisition will definitely increase the price, and no one will object.

Sculley had no choice but to issue an announcement convening the shareholders' meeting, but there was one more item to be considered, his resignation application.

No one would object to this, otherwise what would Jobs do when he comes back?

If he resigns voluntarily, he can at least whitewash the situation.