Chapter 729 Be Greedy When Others Are Fearful
This is the policy of the United States, and a good community will get better and better. Bad neighborhoods get worse.
Don't you guys dislike the police?
Well, with the house price falling like this, it seems that there is no real estate tax. Now that there is no more money, shouldn't the police department also be abolished?
Don't take it as a joke, it's true, niggas have the most chaotic neighborhoods and the least amount of police. The nearest police station is also a few blocks away.
Rodney King's case was dealt with, and the black buddies seemed to let out a bad breath. However, you seem to have forgotten that the police are also victims. I just caught a thief, and now I'm going to jail.
Hehe, you still expect these people to maintain law and order?
"Well, since it's not safe, I won't go. Let's go, there's nothing here."
"good"
William White walked around downtown Los Angeles, and the paparazzi were a little depressed. Nima, we have been following for a long time, why don't you come down and take a look.
Follow other celebrities, they will post them directly to take pictures, even if they make some dangerous moves, others will have nothing to do with them.
Damai Security can't do it here, those guys will really knock you away.
If it's just like this, they are not afraid, isn't this also considered news.
It will be troublesome for the lawyers behind to pursue accountability. It is not a question of who is right and who is wrong. You simply don't have time to entangle with them.
There was nothing to say all night, and William White came to the White Center early the next morning. If there is nothing special, he usually stays here for most of the day.
"Boss, morning."
"Morning, Filson, how is the US stock market doing today?"
"The non-agricultural employment data released yesterday was good, but because the market is worried about the huge losses of Big Blue, the market turnover is relatively light."
"So, Nasdaq's performance should be mediocre."
"Yes, food and medical were stimulated by good news, and the performance of other sectors was very average. By the way, we have recalculated the loss of Big Blue, and they will have a loss of approximately US$8 billion."
William White was stunned, eight billion in this era is simply astronomical. Even for him, the world's richest man, he still feels pain in the ass.
How much you have assets does not mean how much cash you have. If you ask William White to take out 8 billion US dollars immediately, he will probably be very embarrassed.
Even if your assets are in units of hundreds of billions, you still can’t afford the money. The reason is very simple, everyone is playing capital games, and your assets have increased in value, well, go to the bank to get some money.
Your business is developing well, of course there is no problem, you can increase your loan anytime and anywhere. If it doesn’t work, you just need to sell some shares.
As for oil and that iron ore, I'm sorry, the bank will definitely treat it with caution. Don't talk about increasing the loan. If it is not for your other industries, the bank will definitely force you to repay the loan in advance.
"Filson, how much cash do we have now?"
"If you squeeze it, it's roughly 500 million."
"500 million? It seems a little missing. Their market value is less than 30 billion. If I need about 5%, I should also need 1.5 billion."
"Yes, with this amount, it is still difficult for you to collect in the market. Although their stocks are falling, the trading volume has not increased significantly. Obviously, major shareholders are optimistic about this change."
"The world of legends and the Vikings are both in trouble now, so let's pledge Tesla's shares. If it doesn't work, we can only go to the foot basin to find a way."
"Boss, is it too risky? The oil loss here is still huge, and the desert tyrants are crazy now, and they are desperately increasing production."
"Wealth and wealth are insured. If there is a problem with the oil company, I will consider selling the property in Xiangjiang."
"Okay, that's all there is to it. Boss, you won't have a large investment recently, will you?"
"No, for the next few movies, they are all rushing to give away money."
Felson didn't know IBM's potential, so how could William White not. In just a few years, the market value of Big Blue exceeded 160 billion. That guy named Gerstner is completely worthy of his high salary.
Someone said that after Gerstner left, Big Blue returned to mediocrity.
Haha, that's not true. Gerstner is a very good professional manager, nothing more.
These people have a common problem, they like short and fast. For projects that will bring huge profits to the company in the short term, they will do whatever it takes. As for those long-term development plans, they are not in their consideration at all.
After two years or five years, you will make a huge profit?
Nima, labor and capital have all left. Is your huge income worthwhile, let the guy who takes over take advantage of it?
Don't be surprised, professional managers are like this, and so are the guys under William White.
You see, why are all the research and development things in Bell Labs?
This is simply a no-brainer. If you force them to start a research and development project, most of these professional managers will run away.
The salary and treatment are amazing, and it is not something he cares about at all. The company's profit increases and the market value increases, all of which need to be rewarded. Their labor contracts are more like business contracts between enterprises.
Big Blue, Felson and the think tank have the same opinion. They are busy with these things these days. As long as this big monster solves the problem of redundant staff, it will not be difficult to achieve profitability at all.
It is so ridiculous that such a ridiculous system of employing fathers and sons for life should appear in a high-tech company.
Do you feel a little familiar?
That's right, companies with foot basins almost treat IBM as a fairy. Those successful entrepreneurs of them, the enterprise they most want to copy is Big Blue.
Many people say that after the bubble economy burst, foot basin companies gave up the lifetime employment system and began to learn from the US imperialism's professional manager system. For companies like Suomi and Nissan, even the CEO is a ghost.
In fact, they are still learning IBM. The foot basin people stubbornly believe that since IBM can succeed, they can also succeed. Isn't it just paying some price? What's the big deal? The shareholders who make the most profit are still them.
It turns out they were overthinking it. Professional managers actually have no integrity. If you want this kind of person to work hard, you must have a restrictive mechanism.
If one is not good, they will stage MBO.
This kind of thing happens in the United States, in Europe, and all over the world. If you don't have effective constraints, why do you think they can't perform such a show in the foot basin.
Look at Paramount's acquisition. Although Barry Diller failed, it also hurt Paramount. This old guy has been away for too long. If he is sitting in the position of CEO now, Redstone may not have a chance.
Even if he fails now, he can definitely pull a mountain and come out to do it alone.
"Someone is secretly accumulating money? Whose account is it?"
"The White Fund originally thought that they were pumping and selling, but now it seems that this is not the case. They bought far more stocks than they sold."
"Charlie, has he sold Coca-Cola stock?" Buffett doesn't like the IT industry, he prefers those familiar traditional industries.
"I'm afraid you're going to be disappointed again, old man. I found a problem. This guy's investment is actually super long-term. What the outside world calls a speculator is obviously wrong."
"Of course he is not a speculator. Everyone knows where IBM's problems are. Rather than saying that he is optimistic about IBM, it is better to say that he is optimistic about Gerstner. Tsk tsk, leaving the knife to outsiders is probably the same. There is no other way."