Chapter 1576: Are You Not Going to Let People Mess with You?

Buffett tossed a few thin pieces of fax paper over and over. In his opinion, this thing should not be a bill. Well, okay, of course it's right to talk about a bill, but if you directly raise the standards to this level.

"Charlie, what do you think of this so-called investor protection bill?"

Charlie Munger smiled bitterly, "What do you think of this thing? The U.S. securities market is already punishable by harsh laws. Although the Enron incident is sensational, you can never say that this is a common phenomenon."

"At the very least, Arthur Andersen's 100,000 unemployed people will become popular. No matter what, the employment figures next year should be better.

However, it will increase financial expenses by at least millions a year, which is simply a disaster for those companies with low gross profit margins. "

The two old guys talked very lively, and they were very dissatisfied with this bill that was introduced in a hurry. But the two old guys know very well that what the House of Representatives and the Senate jointly introduced cannot be refuted at all.

Doesn’t this work?

Okay, let’s change it, let’s see how it goes?

Or not.

Bastard, are you planning to fake it? If you are not guilty, what are you worried about?

Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act. Sarbanes and Oxley, a donkey and an elephant on each side, I don’t know how they worked it out. In just a few months, various 404 regulations were produced.

"I want to privatize and delist, Philson. We have too many listed companies. If possible, try to reduce them as much as possible, right?"

Damn it, maybe we go public in London. Now it’s past the point where capital is urgently needed, and the New York Stock Exchange can’t provide a high premium.

Humph, let’s see if Cisco and ICQ can be privatized and delisted. If so…”

Philson wanted to vomit blood. Please, this is not about whether the New York Stock Exchange is good or not. You are a publicly listed company, even if it is not listed on the New York Stock Exchange.

Um, it seems, seems, or, anyway, let’s give it a try.

"Boss, you don't really plan to do this, do you?"

"Smart, bastard thing. If you don't get subsidies, of course I plan to leave. A large company starts with five million US dollars per year. With so many companies under my umbrella, I can just set up my own financial company."

Ten years in prison, fuck, isn’t it good to just shoot the target? Or no cap, up to life imprisonment. "

Filson understood that what his boss objected to was not harsh punishment. What he objects to is that you increase his operating costs for no reason.

Of course, direct opposition will not work. The bill jointly introduced by Donkey and Elephant will not give you a chance to oppose it at all. There is no shortage of smart people in Peanutton. They know very well that if investors cannot be reassured, it will be difficult for the U.S. securities market to get rid of the current situation.

Yes, rising stock prices are indeed in William White's interests, but under the current situation, if repurchases and cancellations can be made publicly, my God, this is going to be a crazy money-making pace!

Well, this is too much to think about. When this news is announced, I don’t know how many people will vomit blood.

Will there be no fraud after the release of Section 404?

Are you kidding? The world is full of deception at all times. It would be really weird if capitalists could have moral integrity. But it would be OK to just change the name of the Investor Protection Act of 2002 to the Accountant Employment Promotion Act.

"What is William White doing? Hasn't he expressed his opinion on this thing?"

Buffett felt strange, and of course it was not without reason. How could you possibly get through such a weird bill in one go?

"No, I've noticed that this guy hasn't done anything serious for a long time.

Of course, if making movies and criticizing FIFA were serious business, he would still be very busy. In my opinion, this should be some kind of compromise. "

Well, Buffett is somewhat dissatisfied with Charlie Munger's remarks. A good gay friend is indeed smart, but the amount of information determines his vision. He knew very well what Bushu went to talk to William White about.

So, one thing can be compromised or exchanged, but what about two things?

Damn it, where did you put William White?

If it's for your own family, it's easy to say anything, even if it's critical. But for a job, this is so unnecessary.

Therefore, from any point of view, this so-called investor protection bill will not be supported by William White.

"This guy has so many companies, he should be very angry now. Hehehe, according to my understanding of him, something will definitely happen."

Buffett smiles very sinisterly, preventing false accounting to protect investors. This kind of thing is now called political correctness. If you really oppose it, verbal and written criticism will be unavoidable.

Damn it, if you object so hard, is there something wrong with your company?

If not, what are you afraid of?

"Ahem, old man, I think we already know." Charlie Munger shook the 6288 mobile phone in his hand. Although this thing is backward, it can still send and receive some emails.

"Well, you really keep up with the times. My eyes are not very good. My eyes hurt after looking at this thing for a long time."

Damn it, we are about the same age. Is it interesting for you to rely on your old age and act like one?

Maybe Buffett also realized something was wrong. In order to avoid embarrassment, the old guy had to pretend to be very interested.

"Old man, stop being so pretentious. What's the news?"

"Dissatisfied with the current stock prices, William White initiated the privatization and delisting of Cisco and ICQ. There is also news here that the two companies will increase costs by at least US$12 million a year, either through tax cuts or subsidies, otherwise there is no need to become public companies. .

By the way, regarding the Sarbanes-Oxley bill, they expressed their willingness to accept it, saying that with such a bill, their confidence in the New York Stock Exchange has risen to a very exaggerated level. "

Poof, Buffett spurted out a mouthful of mineral water. Obviously, he seemed to have once again underestimated William White's shamelessness.

"Oh my God, how can a person be so shameless?"

Charlie Munger smiled bitterly, what can he say, make money, for anyone, of course, the more money, the better.

It's self-evident just how disgusting you are with this damn Sarbanes-Oxley bill. The gross profits of Cisco and ICQ are so high that they find it unbearable. Your automobiles and steel plants will probably lose profits directly.

Although it was done in a hurry, since those steel mills did not jump out and scold them, there must be some kind of deal in this matter. Either increase import tariffs, or provide some subsidies. If you haven't gone through this process, this bill will probably be dead.