Chapter 635

A few days later.

Gale Capital Corporation, Wall Street, New York.

At the moment, the huge conference room is full of the senior management and partners of the whole gale capital, with a total of more than 32 participants.

you 're right!

Just yesterday, another three outstanding employees became one of the partners of gale capital with their outstanding performance.

Of course, even so, Zhuke is still the absolute majority shareholder and the largest shareholder, with more than 70% of the shares held by individuals.

Zhuke looked around the crowd and said in a loud voice, "Ms. clarey, it's up to you to announce the results."

As the voice fell, everyone's eyes immediately focused on Ms. clarey, chief data analyst of gale capital.

Ms. Claire is not a beautiful woman. On the contrary, she is a little fat and about 40 years old.

But the whole person, including the elite of Wall Street, no one will underestimate her!

No one dares to despise her!

Because she can go to today's situation, by virtue of her strong personal ability.

"Claire, you say quickly, we can't wait ~"

One impatient executive said.

"That's it."

"We've been waiting for more than seven months for Enron, and we're extremely eager to know the final result," he said

Even if other people don't speak, they can't hide the smile on their faces.

How can companies make money without their share?

"Keke ~"

Zhu Ke cleared his throat, pointed to the crowd and said with a smile, "guys, I know everyone is very excited. I can't bear it. In fact, I am the same. But can you wait a few more seconds?"

"Good, good ~"

Smell speech, the public quickly nod should and.

The atmosphere of today's meeting is more pleasant, and the people present are also quite relaxed, so Zhuke did not criticize too much.

They're very excited. How could Zhuke not be?

Chief data analyst Ms. Claire, got up and said, "ladies and gentlemen, from the end of April and the beginning of May this year, we started to lay out Enron. After more than seven months, we invested a total of US $3 billion."

"During this period of time, we have targeted Enron, its major subsidiaries."

"Including companies with debt to Enron..."

"Duke group, millente, dinokee and other companies all have related party transactions and debt relations with Enron, and they are also our targets."

"In the end, we made a total profit of US $2.6 billion during this period, excluding the principal accident of US $3 billion, with a profit ratio of 86.7%."

The results come out.

The whole conference room burst into huge applause, shouts and cheers.

"Great ~"

"God will also be jealous of our gains!"

"The profit ratio is almost as high as 1:1. I believe that even the five major Wall Street investment banks can't match this performance."

"We made $2.6 billion in Enron. If we take into account the daily profit of $1.3 billion from the" Nippon Ehime "incident at the beginning of the year, plus the gains from our long military stocks and grain and oil futures after the September 11 incident..."

"My God, our revenue this year is more than $6 billion!"

The brilliant results immediately stunned all the people present.

"I don't know what the profits of the five major investment banks will be this year, but I'm sure that even if they make more money than us, they won't be able to make much more money," CEO anty cherop said

Everyone nodded.

More than six billion dollars a year

This is gale capital!

If it's said, who can believe it?

After all, looking at the whole wall street, there are more investment banks than gale capital, but how many can they have this performance?!

For a while, now it's boiling again.

"Be quiet ~"

After a while of noise, Zhuke stepped out in time, pressed his hand and said, "don't get carried away, guys. Don't forget, the total assets under management of gale capital are no more than 10 billion US dollars. Among the major investment banks on Wall Street, we rank in the top 80 at most. "

The crowd nodded calmly.

That's right~

Not to mention Goldman Sachs, Merrill Lynch, Lehman Brothers and other five investment banks, even if it is the second tier Chicago consortium and Los Angeles consortium, which of them has assets under management of less than 100 billion US dollars?

And it's just now!

In the future, as the world's largest investment bank, Goldman Sachs will manage more than $10 trillion of assets!

"What is the total assets scale of only 10 billion US dollars?"

"What's six billion dollars a year in revenue?"

"Our goal for some time in the future is to develop gale capital into a large investment bank with assets under management of more than 50 billion US dollars! Europe, Asia, Australia and other regions and countries in the world should also have traces of our capital. "

Like a arrogant man, Zhuke is crazily describing the unrealistic future.

But!

One of the people present counted it as one. They didn't think it was "unrealistic". They even agreed with the goal set by Zhuke.

In the future, the assets under management of gale capital will exceed 50 billion US dollars, shouldn't it?

......

In Enron's bankruptcy, Zhuke's gale capital made a lot of money.

The major investment banks on Wall Street, including the capital consortia from overseas, have also made a lot of money. Even in this feast of partition, they are more ruthless than Zucker~

Since some people gain, others lose heavily.

Enron is a 100 billion giant enterprise. Its bankruptcy has become the second largest bankruptcy case in the history of the United States.

At the same time, the investors who lost the most are undoubtedly those investors, especially the ordinary investors who still hold a large number of Enron shares. According to the federal law of the United States, after the enterprise applies for bankruptcy protection, the assets of the enterprise will have priority in paying taxes, repaying bank loans, and paying employees' salaries

A company that is already worthless, after such a toss, the investors will surely lose all their money.

The only thing investors can do to recover their losses is to file a lawsuit.

However, even if we win the lawsuit, what can we do?

Enron all went bankrupt. Even if they recovered some of the funds, they could not make up for their losses. These people are undoubtedly the bones of the capital war

Also affected by this incident are Enron's trading partners and the large financial consortia.

According to statistics: in the Enron bankruptcy case, Duke group lost $100 million, mirente lost $80 million and dinokee lost $75 million; Among the consortia, J.P. Morgan and Citibank suffered heavy losses. J.P. Morgan's unguaranteed loans to Enron alone amounted to $1 billion;

Citibank's losses are roughly the same.

In addition, Enron's creditors include Deutsche Bank, great China bank, Japanese banks, etc., and their losses add up to more than 10 billion US dollars.

The next day.

When Zucker woke up from the hotel room and turned on the TV, he saw the Enron news again.

Andrew Fastow, Enron's current CFO (chief financial officer), has been taken away by relevant federal departments for investigation, including senior executives of Enron's head office and major subsidiaries. As many as 235 people have been summoned to be investigated.

Is there a lot of 235?

Not much!

As an energy giant with a market value of nearly 100 billion US dollars, Enron has 3000 subsidiaries around the world. At present, more than 235 people have been summoned, which is just foreplay.

In the next 1-3 months, or even longer, at least more than 800 people will be surveyed.

Of course, the number of Enron executives who limit their departure is absolutely not small.

Founder and former chairman of Enron: Kenneth Lai;

Former CEO of Enron: Jeffrey Skilling;

These two people are the focus of the investigation!

However, in the short term, the outcome of the trial will not come out.

In the original history of time and space, Kenneth Lay has been vigorously denying it, and had a protracted argument with the federal government and the court. It was not until 2004 that he pleaded guilty.

But even so, Enron's bondholders are still unable to recover their losses.

Since 2000, Kenneth Lai has spent $4 million on various types of annuity insurance. Since 2007, Kenneth Lai and his wife have been able to receive an annuity of about $900000 paid by the insurance company every year;

The most wonderful thing is

In the United States, most states provide for the payment of life insurance and annuity, which are protected by law. Therefore, even if Kenneth Lai and his wife declare bankruptcy, creditors have no right to claim the huge annuity to pay their debts.

"People who know the law can't be provoked ~"

Kenneth Lay was sentenced to 175 years in 2006, but a few weeks before he went to prison, he suffered a heart attack and died at home.

"I'd rather die than go to prison!"

Kenneth Lay successfully practiced his obsession that he would not die in prison.

.......

Former CEO of Enron: Jeffrey Skilling.

In the future, it will also be sentenced to 24 years and 4 months and face a fine of more than 183 million US dollars.

However, he was actually released after only 13 years in prison.

.......

Click.

Zucker turned off the TV.

"The Enron incident is basically over, and I have nothing to do with the litigation period of several years in the later period. However, the WorldCom bankruptcy case in 2002 is known as the third largest bankruptcy case in the United States, so I have to start the layout."

The second watch is on.