Hollywood Starts with Animation

"When I mentioned Enron Energy, I suddenly thought of someone!"

Just as Zhu Ke, Andy and others were discussing, someone in Chu Ran in the office suddenly mentioned something.

Zucker took a look.

—William Snape!

He is the head of the information consulting department of Dafeng Capital, a senior person in this industry, and also the second batch of partners within Dafeng Capital. Although he belongs to the second echelon of the senior management, he is very capable and no one will ignore him.

Zucker looked at him and said, "Snape, you suddenly think of someone, just talk about it."

Andy and the others also stopped discussing, and their eyes turned to William Snape.

"Everyone, I don't know, have you paid attention to the 20010312 issue of Fortune magazine. In the C page of this issue, Jim Cheos, the owner of the Wall Street Jaws Investment Company, made a speech about the earnings of Enron. Doubt." William Snape said solemnly.

Jim Cheos, owner of Jaws Investments?

Zucker was stunned for a moment and said, "Is that Jim Cheos who is keen on short-term investments and has a good reputation?"

"Yeah, that's him," Snape responded.

When it comes to Jaws Investments boss Jim Cheos, the executives in the room know it.

After all, everyone dines on Wall Street.

Although Jim Cheos is not a star in the investment banking industry, his popularity is 108,000 miles worse than Soros, but he has also been on Wall Street for decades, and with his good reputation and credibility, he has made his own way. Heaven and Earth is a big and small celebrity.

Two years ago, at a cocktail party on Wall Street, Zucker briefly exchanged a few words with Jim Chios.

William Snape: "In Fortune 20010312, Issue C, Jim Chios publicly questioned Enron's earnings."

"He cited a lot of data in the article and analyzed Enron's profitability. In 2000, it was 5%, and by the beginning of 2001, it dropped to less than 2%. For investors, the return on investment was only about 7%. "

"7% return,

Compared with the average return of Wall Street's major investment banks of 8.2%, it is 1.2% lower. "

Hearing this, everyone nodded.

An executive asked suspiciously, "This doesn't mean anything, does it?"

Another executive echoed: "The return on earnings alone does not mean that Enron's accounts were falsified."

Endy and Zucker looked at each other, then looked at Snape and motioned for him to continue.

"You're right, this set of data alone really doesn't explain much."

Snape said solemnly: "But! Jim Cheos also said in the article: Enron's business looks brilliant, but it doesn't actually make any money, and no one can tell how Enron makes money. "

"......"

As soon as this remark came out, the audience instantly burst into an uproar.

Unknown source of income?

For a while, the executives present were aware that there was a situation here.

President Andy Chelop said solemnly: "The biggest problem is that we can't corroborate Jim Cheos' remarks. If we make a rash move, we may cause losses."

After all, the target is an energy giant with a market value of hundreds of billions of dollars, so everyone can't be cautious.

Zu Ke said sternly: "If the problem comes out, then we will investigate, but one thing should be remembered, we cannot entrust any business investigation company or accounting company."

Everyone nodded in unison again.

It's true that business research firms and accounting firms rely on credibility.

However... Enron's plate is too big!

The characters and interests involved are absolutely not to be underestimated.

The most important thing is to entrust these business research companies and accounting companies. It is very likely that the news will be leaked, and the interests of Gale Capital will suffer.

The collapse of a billion-dollar giant, which involves risks, is enough to destroy anyone.

Zucker can't be too careful!

At the end of the meeting, Zhu Ke solemnly said: "Everyone has signed the confidentiality agreement, so there is no need for me to mention some things. I believe you will mention it to you, but if the news leaks, don't blame me for turning my face. Recognize people!"

In the last sentence, Zucker was completely warning them.

In the capital world, the energy possessed by the rich is so great that it makes you feel terrible!

Andy Chelop also gave them a meaningful look and smiled: "Everyone, I don't want to see anyone leave New York before the dust settles, OK?"

He is also warning people.

Everyone present nodded.

In fact, the credibility of these cunning foxes is still guaranteed. After all, they are all partners and shareholders of Dafeng Capital. The leakage of information will damage their own interests.

........

9pm.

Zucker went back to his hotel room to rest after dinner.

Of course, not so early to rest.

Zucker is thinking!

"My half-dead system didn't jump out this time to give me information about Enron, otherwise, why would I have to work so hard?"

After all, Zucker spent his last life in the Great Celestial Dynasty, and didn't know much about Enron in the United States.

Just know its approximate.

Moreover, the reason why Zhu Ke was able to know this was what Zucker saw in his previous life when he was bored and flipping through old newspapers.

Newspapers, we all know that sometimes they can be vague!

"In mid-August 2001, there were more and more questions about Enron from the outside world, which eventually led to a drop in the stock price. In just half a month, Enron's stock price has dropped from $80 to $42;"

"In October 2001, Enron released its third-quarter 2001 financial report, announcing that the company's losses totaled more than $600 million;"

"On November 1, 2001, Enron mortgaged some of the company's assets and secured a $1 billion line of credit from J.P. Morgan and Solomon Smith-Barney, but Merrill Lynch and Standard \u0026 Poor's downgraded Enron again. ."

After investigation, the partnership company that had been hidden behind Enron began to surface.

After investigations by professional institutions, most of these partnership companies were controlled by the top executives of Enron, and Enron's huge external loans were often listed in these companies, rather than appearing on Enron's balance sheet. In this way, Enron's huge debt of up to 13 billion US dollars will not be known to investors.

At the same time, some of Enron's executives also made private profits from these partnerships.

What irritated investors even more was the fact that Enron's top executives were clearly aware of the problems that had arisen in the company's operations, but had long ignored them or even deliberately concealed them.

Many board members, including Chief Executive Officer Skilling, touted that the stock price would continue to rise, while secretly selling off the company's stock.

That's right, they are selling their stocks themselves! ! !

Of the 14 supervisory board members in the relevant departments of the federal government, 7 have a special relationship with Enron. They are either conducting transactions with Enron or working in non-profit organizations supported by Enron, turning a blind eye to Enron's various misdeeds.

Fraud, money laundering, securities fraud, insider trading, private benefits...

A crime scene is going on!

To put it bluntly, from the shareholders to the executives of Enron, they emptied Enron and put all the investors' money into their own pockets.

Hehe, the market value of hundreds of billions of dollars? !

Not to mention hundreds of billions of dollars, even if it is doubled, it can't stand these greedy guys.

Zucker said to himself: "I always say, never overestimate the quality of these professional managers. Foxes are cunning, but they are a hundred times more cunning than foxes."

" "The first more is sent.