Chapter 642 Forced to Helplessness?

It's just that, in Yang Cheng's eyes, such a deceitful idea is completely stupid, and it also strengthens his idea of ​​cleaning up after taking over Delta Airlines!

The plant, which can crack 185,000 barrels a day of crude oil into gasoline, diesel and jet fuel, was actually mothballed when Delta Air Lines bought it.

Long before the refinery was spun off into Trainer, ConocoPhillips, which originally owned the refinery, had decided to unload the plant, mainly because the company had better refining facilities on the coast of New Jersey.

To market the deal to investors, ConocoPhillips touted a $30 million grant from the Pennsylvania government.

And the plant's replacement value (the full cost of repurchasing the same asset or rebuilding the same facility) is $2.7 billion.

Therefore, the $180 million trainer factory is indeed a bargain, but their cost estimates did not include the immutable environmental liabilities hidden in the land below the factory. However, in Yang Cheng's investigation, no specific details of this liability were found. The numbers should have been killed by the management headed by Richard Anderson.

Except that the refinery fiasco was a rare misstep by the airline -- and possibly the best-managed airline in America.

Since Delta emerged from bankruptcy in 2007, the company has deleveraged its balance sheet, raised its dividend, repurchased its stock, and worked proactively with its union to become the top company in the industry.

In addition, smart moves have been made, such as the purchase of a 49 percent stake in Virgin Atlantic, an investment that brought Delta an estimated $2 billion in net income in 2014, and its stock has rallied over the last three years. The price has increased by 400%.

So aside from the big failure of buying the refinery, Delta Air Lines did better than it could.

As Richard Anderson went on to say, "The U.S. airline industry is still in trouble, falling out of favor with investors and mocked by consumers.

But Delta Air Lines has been able to stand alone. We have achieved consistent profitability, rewarded our employees and shareholders, and continue to invest in providing customers with the best service in the industry.

We are stronger than ever, and this is closely related to our unique culture, people and strategy, and our team insists on innovative thinking throughout and applied throughout the organization every day.

For the most part, Delta has chosen to take the road less traveled, and our insistence on teamwork is what makes these moves possible.

There is a popular saying in the company: form a pack, go hunting.

From the management level down to the front-line employees, we face every challenge and opportunity as a team. Every member of the team can feel their own value. This ability of teamwork allows us to always be creative, Surprise win.

This culture is unique to Delta Air Lines as we bring innovation back to the airline industry -- an industry once known for innovation.

Delta is now one of the healthiest and most profitable airlines in the world, ranking prominently in metrics such as on-time flight performance, avoidance of cancellations, baggage handling and customer service.

These achievements are the result of Delta's new thinking in organizational structure and operations, as well as the company's determination to engage employees wholeheartedly to create a first-class airline.

Now that Delta is back in the S&P 500, we're back as the industry leader after years of lingering.

After Delta Air Lines ushered in a new owner, it is my greatest expectation for the future of the company to continue to innovate. Thank you, I have finished my speech. "

As soon as the words fell, the reporters in the audience gave the most enthusiastic applause, and some whistles followed. The reporters paid tribute to the CEO who handed over a nearly perfect report card during his term of office, and also represented the public's respect for the past. Accredited by Delta Air Lines for several years.

The host tried several times to calm everyone down but failed, and everyone had to stop their hands. After the venue returned to calm, the host put on a warm smile and took the right to speak, "Thank you, on behalf of Mr. Anderson, thank you all Enthusiasm, your applause is the greatest comfort to Mr. Anderson.

But as Mr. Anderson said, time keeps moving forward, and Delta Air Lines will also welcome its new owner. Next, I ask everyone to show enthusiasm and welcome the chairman and CEO of 4D Space; the founder of New Era Media; Yuan Shan Director of Capital; also the new executive director of Delta Air Lines, Mr. Yang Cheng Yang gave a speech~”

Compared with Richard Anderson, there is no doubt that Yang Cheng is the child of the Big Apple City. Seeing the young talents of the old rival California, New Yorkers are always unhappy, and finally figured out a young man who can compete with Silicon Valley. New Yorkers are naturally extra pampered.

So, the applause that just fell was loud again. They are welcoming their children. Their children have acquired one of the largest airline companies in the world. This alone is worthy of their red slaps.

"Thank you~thank you~" Yang Cheng put on a warm smile, like a dazzling idol star standing on the stage, thanking him non-stop, his eyes swept across the dark crowd below the stage, and from time to time directed at a certain station The SLR lens was compared to a V. This scene was seen by Richard Anderson behind him. He curled his lips in disdain and muttered, "I can put on a show~"

Yang Cheng naturally couldn't hear Richard Anderson's sarcasm, and waited for the applause to slowly fall, before smiling and saying, "I saw a lot of acquaintances, how are you doing recently?"

As always, the witty and freehand, homely opening remarks quickly made the reporters feel familiar. As Yang Cheng said, there are really many opportunities for everyone to meet each other. After all, every time Yang Cheng holds a press conference, the location They were all in New York, and the reporters stationed at the headquarters naturally knew him very well.

There was a chuckle at the scene, and at the same time there was the sound of a machine gun shutter, Yang Cheng continued, "To be honest, I shouldn't be here today, but my father personally held this acquisition led by Yuanshan Capital .”

He paused, spread his hands, and said pretending to be helpless, "Unfortunately, my father is lazier than me, and just to let me attend the press conference for him, he even temporarily gave me the title of executive director. Is there anything more depressing than this?"

There was another burst of laughter, this time everyone's laughter came from the heart, and it was even more teasing, teasing Yang Cheng for pretending to be a good example!

And Richard Anderson at the back almost vomited blood when he heard this. After a long time of trouble, his immediate boss was forced to come out? Believe your evil! ()

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