Go back to 1990 to start a business

Chapter 1189: Selling Equity for Million Dollars

Media reports can no longer be blocked by the DuPont family. Each major consortium has its own media under its control and has begun to criticize.

This incident in history was revealed in the 2000s. Dupont concealed it for fifty years, but handled it helplessly because Dupont did not break the law.

Teflon is not among the prohibited toxic materials. Moreover, DuPont did not admit to knowing that it was poisonous. The court forced them to produce supporting documents, and they did so. It was so complete that it took investigators four years to read it all.

I don’t know whose problem it is.

But things are different now. John is the heir to the DuPont family, eliminating all investigations, and his words are valid.

The justices ruled the next day. Although no one from DuPont was arrested, DuPont was forced to be responsible for all users who caused cancer due to Teflon non-stick pans, as long as they could provide evidence of using non-stick pans.

As it turned out, the evidence was too easy to find.

People with cancer are buying non-stick pans, and as a result, the price of old non-stick pans has skyrocketed.

It turned out that the number of people suffering from cancer due to non-stick pans was three times more than the 3,000 people Xia Chuan expected.

DuPont not only had to compensate for medical expenses, but also to compensate all its employees. This put DuPont in endless trouble and had to sell its best asset, the equity of General Motors, to deal with this crisis.

The DuPont family quickly declined.

However, regulations still do not prohibit the use of Teflon, because it can be used not only in non-stick pans, but also has a wide range of uses and is irreplaceable.

Only the processing step threatens employees and releases carcinogens after heating.

at the same time--

Woolsey also escaped. He found sufficient evidence to prove that he had never left the CIA and had no contact with John. John did not explicitly admit that he was the instigator.

In the end, nothing happened.

Even if Sessions believes that he was behind it, there is no evidence.

The hatred between CIA and FBI deepened.

……

Zang Hong rushed back on Friday night.

Xia Chuan and Anna declined all invitations and were watching the opening ceremony of the 15th World Cup in the living room, which was held in the United States.

Zang Hong reported the whole process. Professor Yao has been sent to Chuanyun and special guards have been assigned to protect him. Everything went well.

Xia Chuan was not surprised by this and continued to watch TV.

Zang Hong looked at Anna in confusion: "Is football more attractive than bed?"

He knew that it was Anna's decision whether or not to sleep with him.

Anna rolled her eyes at him: "There are gambling opportunities here. Xia Chuan needs to get familiar with the players."

Zang Hong automatically translated into adult: She asked Xia Chuan to guess the result of the game and she wanted to place a bet.

Xia Chuan recalled the history and only remembered that Brazil was the champion and the United States did not reach the finals. He did not remember anything else.

The screen shows close-ups of star players, Baggio, Maradona...

Xia Chuan suddenly remembered something. A Colombian player scored an own goal and was shot dead when he returned home. He was shot twelve times.

"The final was Brazil versus Italy, which ended in a 0-0 draw. In the final penalty shootout, Baggio missed the penalty and Brazil won -," Xia Chuan said.

Anna was overjoyed and asked: "What about the United States?"

"In the game against Colombia, the United States will definitely win. At the critical moment, the Colombian players will score their own goals." Xia Chuan said.

Zang Hong was stunned, was it bribed by the United States?

Anna was even more happy and took Xia Chuan into the bedroom to celebrate.

……

The next morning, just after dinner, the secretary came in and reported:

"Mr. Xia, President of Motorola, Mr. Chris Galvin is here to visit you."

Xia Chuan remembered the Iridium Project and immediately walked into the living room.

Chris looked to be in his forties and looked like a gentleman. When he saw Xia Chuan, he shook hands warmly and exchanged greetings.

After sitting down, Xia Chuan went straight to the topic: "Are you still working on your Iridium project?"

At a press conference in the Netherlands, he once publicly said that there was a problem with Motorola's Iridium satellite plan. The real cost far exceeded their calculations. Continuing to implement it would drag Motorola into the abyss of bankruptcy.

Historically, it has indeed gone bankrupt due to the Iridium project, and at the same time cheated countless investors.

In fact, the Iridium project was a decision made by Chris's father. Before his retirement in 86, his father dug a big hole for the communications empire. As the third generation heir of the Galvin family, Chris is not a mediocre person, but he can be compared with Compared with those giants like Steve Jobs, he is too mediocre.

As a result, he took over the Iridium project.

Galvin hurriedly said: "I'm just here to thank Mr. , but the decline of the Galvin family."

Xia Chuan nodded: "That's good. But I don't think family businesses will have an advantage in future competition. You will continue to make mistakes. Motorola has many problems, which represents your ability."

Chris changed his color slightly. He believed that Xia Chuan was not attacking him. There was no need for him. Xia Chuan was like old Morgan. He was already so powerful that he didn't need to attack his opponent. At the same time, he didn't need to have any scruples.

Look at Dupont's blow, it was as sharp as a blow, just because John had a convulsion.

So, that’s telling the truth.

But this also hit Chris even more, which meant that no matter how hard he tried, he couldn't do it.

Chris took a breath and said sincerely: "Mr. Xia, aside from Motorola, what do you think the Galvin family should do?"

This was a bit courageous, Xia Chuan nodded secretly.

It's a pity that his ability is not top-notch, but he controls the top-notch companies.

Xia Chuan said calmly: "There is an old saying in China, which is called 'birds follow phoenixes and soar far away, and people are virtuous and have high moral character'. If you put your family first and wait for the next generation of talents to grow, then give up Motorola. Sell ​​your equity and I'll give you an investment opportunity, and the return will be far greater than Motorola."

Chris's eyes lit up: "What chance?"

"Yahoo. You invest one billion U.S. dollars, I will give you 40% of the equity, and we will be joint major shareholders. But you, like me, are not allowed to participate in management, and you can't do the Internet well. This is pure for you. Investment." Xia Chuan said.

Chris took a deep breath.

Xia Chuan invested a total of 110 million US dollars, and he needed to invest 1 billion, which is the same 40%.

Seeing his hesitation, Xia Chuan immediately smiled and said: "Don't think it's a loss. If you invest one billion US dollars, Yahoo's valuation will be 10 billion US dollars. Being on the forefront is the key. I will only give you this opportunity once. If you miss it today, Don’t look for me, just go back and think about it today, it will be effective today.”

Chris breathed a sigh of relief and had to think about it. He immediately stood up and said, "I will definitely give you an answer today."

"Okay. Let me make another promise to you. If the market value is less than 100 billion US dollars, I will not reduce my holdings. This is written in the contract." Xia Chuan stood up to see off the guests.

But Chris stopped and asked with stern eyes: "How long will it take to reach 100 billion?"

"Within six years."

"I invest." Chris said without hesitation.