Chapter 703

Facing the intervention and investigation of the securities and Exchange Commission and the judicial authorities, WorldCom has undoubtedly attracted the attention of countless people, but who knows, it's not WorldCom that can't hold the lead.

It is precisely for WorldCom to provide external audit... Andersen accounting firm!

May 15, 9 a.m.

Andersen, known as the world's fifth largest international accounting giant, held a press conference today, officially announced the removal of current CEO Joseph belladi from all personal positions, and contacted relevant departments to review him.

Abandon the car and protect the commander!

Aldo padoso, President of Andersen (France), was appointed as CEO of Andersen group.

"Aldo padoso?"

"I know him. He's a very capable man."

A reporter at the scene said solemnly.

"I know him, too!"

A reporter from the French journal Marseille echoed: "Aldo padoso is not only the head of Andersen's French branch, but also a specially appointed financial expert of the French Prime Minister's office, who has made great contributions to France over the years."

Aldo padoso's appointment in the face of danger has indeed saved a lot of reputation for Andersen.

However... The first directive issued by the new CEO Aldo padoso after he took office is to lay off employees. And it's massive layoffs!

"In order to ensure the balance of revenue and expenditure of Andersen, the company has decided to lay off 2000 employees from now on, and the total number of employees will be no less than 7000 before the end of May!"

As soon as the news came out, there was an instant uproar in the industry.

"Is this, this, this really fake?"

"My God

"It's incredible!"

"You know, Andersen accounting firm is a giant in the industry, second only to PricewaterhouseCoopers, KPMG and Deloitte, and is as famous as Ernst & Young!"

"Since 1990, when has it made layoffs?"

.......

Countless people were shocked!

As a giant in the industry, Andersen is not a small company!

It was founded in 1913 by Arthur Andersen (the youngest CPA in the United States at that time); Since its establishment, Andersen has successively undertaken the external audit work for many large enterprises in Europe and America. Before and after World War II, Andersen also undertook the financial audit work of the Ministry of finance of many countries.

Leonard spachek, the second generation leader, as a student of Arthur Andersen, inherited his legacy and gradually developed Andersen into a global giant in just 20 years.

In 2000, Andersen's annual revenue exceeded US $8.3 billion;

In 2001, the annual revenue of Andersen exceeded 9 billion US dollars;

As of April 2002, Andersen had nearly 400 offices in hundreds of countries around the world, with more than 80000 employees;

In terms of profitability, industry scale and professional level, Andersen is a giant company.

But... Now?

There was Enron incident before, and now there is WorldCom incident. The scandals of two hundred billion giants are enough to destroy Andersen, who is responsible for external audit!

7000 layoffs?

Ha ha, it's useless!

If not

On May 18, Deloitte international, the same industry giant, announced: "we will acquire Andersen with full equity!"

Deloitte's down!

Deloitte's strength is stronger than that of Andersen, but it is not much stronger. However, Andersen, which is deeply involved in the scandal, can only accept this acquisition if it wants to survive.

And the price is very low, very low, very low!

......

Golden Dawn entertainment group headquarters.

"Boss, this is news from New York."

Is sitting in the office of Zhuke, the first time received the news.

As soon as he looked at the document, he was immediately surprised and said, "well done, well done! There was Enron incident before, but now it is deeply involved in WorldCom scandal. Who will finish it? Even if Andersen is a giant in the accounting industry, it can't survive! "

In his words, chuckles broke.

Alexander couldn't help asking, "boss, do you make a lot of money this time?"

"Ha ha!"

Zhuke narrowed his eyes and said with a smile, "of course, a lot. Before the WorldCom scandal came to light, Andersen was also a giant company with a market value of more than 48 billion US dollars. In just a few days, it was on the verge of bankruptcy. Do you think I can earn less

Alexander nodded like a pound of garlic.

In this event, as long as you have the funds to enter, and fast enough, then you can definitely make a lot of money.

no

It's stealing money!

News from New York: in just a few days, gale capital made $150 million!

Moreover, the profit of 150 million US dollars only comes from Andersen. If you add WorldCom, the profit will definitely double.

Ding Ding Ding~

Just at this time, Zhuke's private satellite phone rang.

As soon as the phone was connected, there came the surprised voice of Andi cherop, CEO of gale capital: "boss, good news! Just now, the judicial authorities of the European Union and the United States announced at the same time that they would thoroughly investigate Andersen. It is said that the number of defendants in the United States alone has exceeded 170! "

Zucker was shocked and said, "my God, is this true or not?"

"Of course it's true!"

"Boss, when I just got the news, I had the same reaction as you. I can't believe it's true, but the reality tells me that it's true!" anty cherop said on the phone

What does that mean?

It shows that Andersen, a well-known accounting firm established for nearly 100 years, is about to collapse completely!

The speed is amazing!

At the moment, it's not just Zucker who is shocked. One of the investment elites on Wall Street is one. Which one is not shocked?

Benefit!

Huge to maddening interests exist here!

The whole wall street is dying of excitement!

One day, two days, three days... In just a few days, the famous Andersen company completely collapsed.

The U.S. District Court in Houston made the first judgment on Andersen's obstruction of judicial investigation, fined $500000, and prohibited it from engaging in business for five years. The ruling made Andersen the first large accounting firm convicted in the history of the United States.

The media all over the country are crazy. They are crazy about this news.

Of course, Andersen said that he was not satisfied with the ruling, firmly opposed the result, and that he would continue to appeal to overturn the result.

But!

Who cares about it now?

At least, gale capital in the name of Zhuke has made a lot of money from Andersen again in just a few days, which adds up to no less than 240 million US dollars!

"Andersen can only be regarded as a pre meal snack," Chuck said with a laugh. "Next, WorldCom, it's the dinner."

"The first watch" is presented.