Chapter 511

"When it comes to Enron energy, I suddenly think of someone!"

Just when Zhuke and andI were discussing, someone in the office suddenly said something.

Zhu Ke took a look.

——William Snape!

He is the head of Information Consulting Department of gale capital, a senior person in this industry, and also the internal "7% return rate of gale capital, which is 1.2% lower than the average return rate of 8.2% of Wall Street investment banks."

Smell speech, everybody nods.

"It doesn't mean much," one executive asked

Another executive echoed: "the return on earnings alone does not mean that Enron's accounts are fraudulent."

Andi and Zucker look at each other, then look at Snape and signal him to continue.

"You're right. This set of data alone really doesn't mean much."

Snape said in a deep voice, "but! "Enron's business looks brilliant, but in fact it doesn't make much money, and no one can tell how Enron makes money," Jim cheos said in the article

“.......”

When this remark came out, the whole audience was in an uproar.

The source of income is unknown?

For a moment, the executives present were aware of the situation.

"The biggest problem is that we can't corroborate what Jim Cheops said," said Andy cherop, president. If we act rashly, we may cause losses. "

After all, the target is an energy giant with a market value of 100 billion US dollars, so we have to be cautious.

"If the problem comes out, we'll investigate it, but remember that we can't entrust any commercial investigation company or accounting company," he said

Everyone nodded again.

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

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

The characters and interests involved in it should not be underestimated.

The most important thing is to entrust these commercial investigation companies and accounting companies, which are likely to leak information, and the interests of gale capital will be damaged at that time.

The collapse of hundreds of billions of giants, which involves risks, is enough to destroy anyone.

Jack can't be too careful!

At the end of the meeting, Zhuke solemnly said: "if everyone has signed the confidentiality agreement, then there is no need for me to mention some things. I believe you just mentioned them to you. However, if the information is leaked, don't blame me for turning my back on others!"

In the last sentence, Zucker was warning them.

In the capital world, rich people have so much energy that you feel terrible!

Andi cherope also gave them a meaningful look and said with a smile, "ladies and gentlemen, I don't want to see anyone leave New York until it's settled, OK?"

He's also warning people.

The crowd nodded.

In fact, the reputation 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.

........

9 p.m.

After dinner, Zhuke went back to the hotel room to have a rest.

Of course, it's not that early.

Zhuke is thinking!

"My half dead system didn't jump out this time to give me information about Enron. Otherwise, why should I work so hard?"

After all, Zhuke spent his last life in China, and he didn't know much about Enron.

I just know about it.

What's more, the reason why he was able to know this was that he saw it in his last life when he was bored and flipped through old newspapers.

Newspapers, as we all know, are sometimes vague!

"In the middle of August 2001, there were more and more doubts about Enron, which eventually led to the decline of its stock price. In just half a month, Enron's share price has dropped from $80 to $42

"In October 2001, Enron published its financial report for the third quarter of 2001, announcing a total loss of more than 600 million US dollars."

"On November 1, 2001, Enron mortgaged part of the company's assets and obtained a $1 billion credit line guarantee from J.P. Morgan and Solomon Smith Barney. However, Merrill Lynch and S & P still lowered their rating on Enron again."

After investigation, the partnership, which has been hidden behind Enron, began to emerge.

According to the investigation of professional institutions, most of these partnership companies are controlled by the senior management of Enron. Enron's huge external loans are often listed in these companies, but not on Enron's balance sheet. In this way, Enron's huge debt of $13 billion will not be known to investors.

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

What makes investors even more angry is that it is obvious that the top management of Enron knows the problems in the operation of the company very well, but has turned a blind eye to them for a long time, and even deliberately concealed them.

Many members of the board, including chief executive Stephen Skilling, on the one hand preached that the stock price would continue to rise, on the other hand, they secretly sold off the company's shares.

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

Among the 14 members of the supervisory board of the relevant departments of the federal government, seven of them have special relations with Enron. They are either trading with Enron or working for the non-profit organizations supported by Enron. They turn a blind eye to Enron's bad deeds.

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

Crimes are going on!

To put it bluntly, Enron's shareholders and senior executives hollowed out Enron and pocketed all investors' money.

Hehe, the market value of 100 billion US dollars?!

Don't say it's a hundred billion dollars. Even if it's twice as much, it can't stand these greedy guys.

"So I always say, never overestimate the quality of these professional managers. Foxes are very cunning, but they are a hundred times more cunning than foxes

"The first watch" is presented.