"I won't say much extra words. Our CEO Mr. Anderson has already said enough. I will mainly talk about what it can bring to Delta."

Yang Cheng put one hand in his pocket and the other hand in the topic talking, looking very relaxed and casual. At the same time, he secretly confronted Richard Anderson, disliked him for talking too much.

According to the process prepared in advance, Yang Cheng will be responsible for telling the recent series of investment projects led by Delta Air Lines, which are all intended to make investors and stockholders realize that the new major shareholders are capable of bringing changes to Delta Air Lines.

Therefore, through the live broadcast of these media and the Toutiao app, countless shareholders who were following this press conference learned about Delta's series of acquisitions, Hawaiian Airlines and Hawaiian Island Airlines; strategic cooperation with China Eastern Airlines and strategic investment in Korean Air.

One by one, all of them are good news that stimulates the rise of stock prices. As of the end of the press conference, Delta's stock price rose by nearly 10% in just two hours, from the opening of $0 to close to the US dollar, but at the same time the trading volume is also shrinking rapidly. What does this mean? Anyone with a little common sense knows that everyone is not stupid. It is obvious that the future market continues to be bullish. Who is willing to sell it easily?

Thanks to the purchase of Abu and Conrad Koch's aviation kerosene for several consecutive months, operating costs continued to decline, and net profits rose year-on-year. When the financial reports for the first two quarters of 2015 were announced, Delta became one of the star stocks in the US stock market this year. In just over two months after the press conference, the stock price per share rose from $0 to nearly $50.

In other words, in just over the past month, Yuanshan Capital and Yang Cheng made nearly $5 billion in paper wealth, which has almost recovered most of the investment costs. Of course, this is the case on paper. After all, Yuanshan and Yang Cheng did not have the idea of ​​selling out cash.

Major financial media also gave very high comments on the Yang family's investment this time, and praised it as a textbook-level investment case.

The two tables are blooming, and the stock price will still take some time to rise, so we will still focus on the present.

After the press conference, the Delta Air Lines executives and Yang Cheng, the new executive director who attended the press conference, did not disperse, but came to Yang Cheng's office on the top floor, preparing to continue in-depth exchanges.

Of course, everyone has their own ulterior motives. Yang Cheng was thinking about how to make Richard Anderson retreat and voluntarily resigned from his position as CEO. Richard Anderson was worried that Yang Cheng would use his major shareholder to force him to resign, so he had almost no room for resistance. Second, he was afraid that Yang Cheng would take the blame and pursue his "rude words" at the press conference.

Yes, Richard Anderson knew very well that what he did at the press conference could easily arouse Yang Cheng's strong dissatisfaction, but there was no way. This was the only thing he could do. He had thought of having friendly communication with the new major shareholder before, but neither Yuanshan nor Yang Cheng himself accepted this request. The reason was that Richard Anderson's biggest failure during his reign was to invest in the trainer refinery!

Sometimes it is like this. If you do ten thousand good things, you can't resist the impact of a mistake. Yang Cheng is willing to admit his management talent, but he is very resistant to his performance in the overall strategic view. This is not only the case. If he can recognize his mistakes in time, he will not be able to give him a second chance. But he obviously does not want to admit his mistakes and would rather make false statements to enrich his vanity. In Yang Cheng's view, this is a taboo in managing a company.

Therefore, no matter what, such people cannot be kept, otherwise they will be raising tigers and keeping leeches stuck to their skin to suck their own blood.

In the small conference room next to Yang Cheng's office, the two sides had a serious discussion on this issue.

Yang Cheng sat at the top of the long table made of tempered glass, leading the conversation with an extremely strong attitude, "Richard, have you refused to admit your decision-making mistakes in the refinery project so far?"

Richard Anderson suppressed his anxiety and explained calmly, "Mr. Yang, I'm afraid there is a misunderstanding of our understanding of the refinery project. Please allow me to explain in detail."

Yang Cheng raised his hand and signaled him to continue saying, "This is still a tolerance, and it is not too much for people to say anything?" Besides, he also wanted to hear what this old guy could say."

"Actually, as early as 2001, Delta Air Lines already had a huge aviation oil logistics system, which has storage and pipeline transportation capabilities, and also has a team of energy futures traders.

We believe that restarting the trainer refinery can inject a large amount of aviation kerosene into the entire aviation market, so this is a clever way to reduce the price of aviation oil in the entire Northwest region.

Most importantly, we never wanted to make it a money-making machine, but we wanted to use it to ensure supply.

From this point of view, our goal has been achieved, and the trainer factory has indeed stabilized the airline fuel prices for Delta."

Hearing this, Yang Cheng couldn't help but interrupt, "But don't forget that not only ourselves, but also all airlines in New York and Philadelphia are also beneficiaries. From your perspective, buying a refinery is not so selfless, but Delta is donating money and investing in the enemy.

And the numbers we lost can be purchased - 4 brand new Boeing 787 passenger planes, don't think I have not done any investigation."

He snorted coldly, took a stack of documents from Susu's hands and threw them towards Richard Anderson, sneering, "In 2001, Delta invested $180 million to modernize the factory - resulting in a loss of $6 million;

In 2001, the company added another $5 million in investment - resulting in a loss of $116 million.

Because trainer's factories do not have the ability to mix ethanol into their own gasoline, Delta must spend millions of dollars a year to buy so-called "mixed credit" from ZF (Delta lost in a legal challenge to the EPA on this policy).

These things were revealed one by one by one by Yang Cheng, and became the last straw that overwhelmed Richard Anderson. He knew that his career at Delta was about to come to an end. Yang Cheng had found such detailed details, so the evidence that he had made false accounts to cover up his mistakes was probably already in Yang Cheng's hands.

However, he was really wrong about this. The fake account was made perfectly. Even though Yang Cheng spent a huge price, he did not have any real evidence. In other words, if Richard Anderson was stubborn, Yang Cheng really had no way to deal with him. Without evidence, he would lose the effective way of law, and Yang Cheng would be helpless.

So, in order to completely extinguish Richard Anderson's dim gaze, Yang Cheng's pressure continued, "In addition, you have a very difficult step to make money with the hope of using the American oil heat?

The trainer factory has been processing Nigerian oil, which is priced at the Brent Index, and oil from the Beken Oilfield in North Dakota can completely replace Nigerian oil. You immediately realize the price difference. In 2001, these oils were sold at $0 a barrel, mainly because there was no crude oil transmission pipeline between the Beken Oilfield and Philadelphia.

So, transportation has become a problem. For this reason, Delta Air Lines under your leadership must turn to rail transportation, which costs about $15 per barrel. Although it consumes most of the price difference between the two crude oils, it is still worth it. From this point of view, you are doing pretty well.

However, a large amount of US oil adopts this method of transportation, which has caused very tight rail capacity. Ineffective transportation has caused a shortage of one million barrels of crude oil in the trainer factory for nearly two months.

In this case, you have to make up for the loss, put your hope at sea, and rent an oil tanker directly to transport crude oil from the Gulf Coast region of Texas to the trainer. In order to get rid of the plight of being clamped, an order was issued to build a new tanker.

But at the same time, oil prices have been falling sharply, and the price difference between Nigerian crude oil and Bacon oilfield crude oil has almost disappeared, and all the efforts you have done before have become futile.

Even so, you are still trying to whitewash the trainer factory. After investing about $40 million in this factory in 20014, you said at a January financial report conference that the trainer factory will make profits in the fourth quarter because aviation oil prices are not falling as fast as crude oil prices fall.

It's really ridiculous. When you said this, you probably didn't realize that these meager profits were about to disappear, right?

With the high inventory of refined petroleum products, the decline in aviation oil prices has gradually caught up with the decline in crude oil prices. The US refining profit will decrease from US$17 per barrel in the first quarter of 2014 to just $7.5 this year.

This is really a disaster. Instead of relying on your own refinery to save costs, it is better to have better results from other fuel hedging transactions. Your plan has failed completely. Richard, admit that the trainer refinery you rely on cannot save the expected costs for the company, but instead adds up to a billion dollars in losses. Moreover, our profitability continues to increase. Otherwise, just one of your decision-making mistakes will lead to the collapse of the entire company's capital system or even going bankrupt."

Yang Cheng's last words were like a wooden hammer hitting Richard Anderson's heart.

His eyes were dull, his face turned red, and his breath was disordered. All kinds of manifestations showed that Richard Anderson was on the verge of collapse.

Yang Cheng stopped when he saw that he was ready. What he should say was already said. The rest depends on Richard Anderson's own choice. If he was still stubborn, Yang Cheng would have to fight with him in court. Even if there was no tangible evidence, it would at least keep him away from his management position. Without income, he would even drag him to death.
Chapter completed!