Chapter 1440
On December 2, 2001, the Mi Army pursued the enemy and began to attack Kandahar, the last city of the enemy. At the same time, Enron officially filed for bankruptcy protection in the bankruptcy court. 800 million dollars, which became the largest bankruptcy case in the history of the United States in one fell swoop. On November 30th, before the suspension of trading, Enron's stock price had fallen to 26 cents, and its market value was only 200 million yuan. At its peak, it had thousands of 100 million market value...
"The Georgian dynasty's decisive handling this time is not bad. Doubts about the domestic security situation have begun to dissipate. Last month's Harry Potter hit in the Western world has restored the confidence of the film industry..."
Song Ya was also present at the top dinner hosted by Bloomberg, the new mayor of New York who was elected but not yet in office, and was talking to his long-time partner, Samuel of PricewaterhouseCoopers, "I didn't expect to be stabbed by Enron and Andersen It's such a big mess."
"Yes, capital's confidence in us has dropped to the bottom."
Arthur Andersen, who dared not to attend the Congressional hearing, recently tried to blame David Duncan, a senior partner of its Houston branch, but that was unconvincing, although the partnership system did make the accounting firm more like a loose alliance , but Arthur Andersen is not only responsible for Enron's internal and external audits, but also its consulting business. According to Enron's fake accounts that were so rampant that they were "poorly acted", such as throwing huge debts to so-called client companies named after comic heroes , Andersen Chicago headquarters can not be so white lotus.
Investors sued, and the U.S. Securities Commission and various relevant departments have also launched investigations on Enron and Andersen. The latest data is that Enron alone has recruited hundreds of employees with Andersen's work experience, including chief accountants and financial managers. For important positions such as directors, even if the gold-plated qualifications of the top five are always a springboard to gold-collar positions, this number is too exaggerated.
Arthur Andersen and Enron colluded and killed countless investors, causing the reputation of the other Big Four accounting firms and multinational companies to fall to the bottom. Investors also had a crisis of trust in the accounting, consulting industry, and the US securities industry.
Although multinational giants such as Vivendi Universal and WorldCom, which have in-depth cooperation with Andersen, have been examined under a magnifying glass, are the other four really so clean? The U.S. stock market has fallen for more than a year. Which company does not have a bunch of customers whose market value has shrunk rapidly during the stock market crash, suspected of illegal cash-out, and financial fraud?
Samuel nodded: "We need to rebuild trust decisively and immediately, so that the disaster can no longer spread, otherwise the consequences will be disastrous."
The accounting industry has always been portrayed as a neutral and upright institution, a supervisor, gatekeeper, and economic policeman. If this industry collapses, the company's market value will have no credibility, and the entire modern company system based on stock exchanges will be destroyed. facing a deep crisis.
In fact, Song Ya didn't want to appear in the same frame as Samuel, who was in charge of most of the company's business, at this point in time. Sloan objected. With such a big deal, she said that it is not a good idea to rush to meet the chairman of PwC’s US branch at this point in time, and it will make bad associations among investors who are currently jittery.
But Samuel insisted on inviting him to seek support for the CEO of PwC, who will be vacated by his competition next year. As one of the clients, being able to show himself to be stable at the current sensitive moment will be the capital and backing for him to compete for higher positions within the company.
After thinking about it, Song Ya agreed,
I and Samuel have always cooperated happily. What Samuel said is right. If the problem of false accounts spreads to the other four major companies after the thunderstorm of Enron Andersen, not only the United States, but the entire capital world will face a deeper crisis. The securities market It is already very difficult, so governments of all countries will not sit idly by, and PwC should not be in too much danger.
"The Financial Services Committee of the House of Representatives on the 12th will again summon the senior officials of Enron and Andersen to participate in the hearing. Will Andersen not go this time?" Song Ya asked.
"It should be. Now it is unrealistic to ask the Houston branch to bear all the responsibilities." Samuel replied.
"Do you know about their French branch?" Song Ya couldn't forget Vivendi Universal.
"The boss over there is called Aldo Padoso, and he is also a senior partner who is fully in charge of Vivendi Global's business. Others..."
After ten years of cooperation, Samuel knew the character of this young client who he had "seen since he was a child" and had revenge from morning to night. He could see through what he wanted to do at a glance, "What do you want to know?"
"Just... you know, hehe." Song Ya scratched her head and smiled.
"OK, I'll send the information to your mailbox later." Now that I have something to ask for, Andersen is definitely going to be unlucky again. In the usual way, Samuel would never do such a thing of dismantling the peer platform.
"No, just give me a paper copy."
"All right."
"Thank you."
"Small things..."
The two gathered together to whisper, and the other guests at the dinner glanced at this side from time to time. The whole Wall Street is now afraid that the Enron incident will trigger a series of thunderstorms, and everyone is panicking. Everyone is trying their best to observe even the slightest trouble.
"It seems that both of them are in a good mood?" A fund manager asked a friend around him.
"Well, Samuel is expected to take over from the original CEO next year and become the boss of PwC. He has provided services for APLUS when he was a senior partner in the Chicago branch."
"That was nearly ten years ago!?" The fund manager recalled and whispered: "APLUS was only a teenager at that time?"
"Well, do you still remember that he sold Bahn & Co. to Dow for more than 100 million dollars? I remember that the audit consulting business of Bahn & Co. was Yongdao before it merged with PwC. Without Samuel's escort, APLUS would definitely He can't grow into the black pharaoh he is today."
"Hehe, Black Pharaoh... This kid is so lucky that he didn't choose Andersen whose headquarters is in Chicago."
"It is said that Arthur Andersen's quotation was a little higher than that of Yongdao, so..."
"Rumor, hehe..."
The fund manager looked at Song Ya with both envy and jealousy, "Really, this kid is good at creating a god for himself. I heard from friends in Hollywood that his A+ entertainment and money-making projects will claim to be led by him." Yes, if you lose money, you will blame the poor CEO Yeremov, and a large number of black celebrities and celebrities simply declare that he is a prophet, and blatantly engage in cults to demagogue people... It’s really disgusting. He Littman The broken fiction website owned by the media is about to be forcibly delisted, but no one mentions it, who knows that PricewaterhouseCoopers and him are not secretly falsifying like Andersen and Enron."
"Come on, he just appeared at the XBOX press conference with the world's richest man last month. With the super high shipments of XBOX on Black Friday, 3DFX is now a star company among the NASDAQ listed companies that are full of grief. See ..." His friend nuzzled, and the two saw Madoff, the former chairman of the Nasdaq Exchange, walking towards Song Ya.
"I just saw Robert from Goldman Sachs looking for you, APLUS."
The Nasdaq index fell like this, and Madoff also left not long ago. Of course, this does not affect his fund to continue to provide stable investment income.
"OK, thank you Mr. Madoff."
Robert must be looking for himself for the role of Paulson, the chairman of Goldman Sachs in The Wolf of Wall Street. Song Ya tried to hide with champagne, but was found.
"APLUS, talk in private?" Robert, the only black executive at Goldman Sachs, a former chemist, blocked the way.
"OK."
"It's still the APLUS thing we talked about before. Mr. Chairman is very upset about appearing in your movie." Sure enough, Robert cut to the point.
"That's not the case." Of course Song Ya didn't admit it, "I've seen the adaptation of The Wolf of Wall Street, but he doesn't play a role."
That character is the prototype of the male protagonist, the king of trash stocks Jordan Belfort described in his autobiographical novel as his boss and mentor when he first entered Wall Street, who educated Jordan Belfort in a high-end restaurant while openly sucking, swearing and singing loudly, teaching It's also some side-by-side skills on how to brainwash ordinary retail investors. In short, he is a Wall Street scum with some personal charm.
In the real history, this character was just a Wall Streeter who went bankrupt soon, and he only played a small amount of time in the original film of Apocalypse. Texas actor Matthew O’Connor played him vividly. Song Ya planned to leave it to Carl Icahn's now belongs to the more annoying Paulson.
Of course, the play will not be called Paulson directly, but actors with similar appearances will be used. Of course, Matthew O’Connor can’t be hired. Nicolas Cage is very expensive, and Charis after Fifty Shades is also very expensive. Now Matthew O'Connor has already become a leading actor with great prospects by hunting U571 and other films. He was very handsome when he was playing, and using that kind of actor to insinuate Paulson is not enough to vent his anger.
"We've got the script."
Of course Goldman Sachs can do it, "and noticed that there is an actor who is very similar to Mr. Chairman, and the related plot is too suggestive. Most people on Wall Street are not...not all like that."
"To be honest, old white men all look alike." Song Ya smiled hippie, and it's okay to say this in front of black people.
"Is it necessary?" Robert was serious and didn't laugh.
"Wow... Necessary? Hehe."
Song Ya sneered, and then seriously approached Robert's ear, "You promised this and that, and then I sprayed the chairman of the Federal Reserve for you, and informed me of my next move in advance. I did everything, and the result? Yourselves Quietly backhand shorting in Nasdaq? You don’t know how much I lost, and you also know what happened to the last Bronfman family who caused me to lose so much money!”
"It's impossible for us to take the risk of exposing illegal transactions to inform you of APLUS in advance for such a strategic level of action. That's not the same thing." Robert was overwhelmed by his words, "I apologize to you, Mr. Chairman, you should understand .”
"I don't understand."
Song Ya rolled her eyes, "Besides... I'm filming my movie, and the bank you run is not the same thing."
"As a black man, I came to you out of good intentions APLUS."
Robert turned to say: "Why bother? If the plot is a little more appropriate, Mr. Chairman doesn't even mind making a cameo himself, and he can even accept a certain degree of self-joking."
"No need, the whole world hates Wall Street now, especially after the Enron incident, the box office of The Wolf of Wall Street should be good next year, you are welcome to enjoy it. Of course, you have to buy your own tickets to enter the cinema." Song Ya raised his glass to him.
"Aren't you also a part of Wall Street APLUS?"
"I'm not going to play anymore. I'll start a business and then make movies and record records. There are traps, fake accounts, and liars everywhere. Even the famous people have no credibility. After the Enron incident, I have seen through it all."
"Come on! APLUS, this matter is more serious than you imagined!" Robert was a little anxious, "I do it for your own good, you are the pride of our group, I don't want to see you and Mr. Chairman..."
"Why did you go early?"
"OK, we are willing to compensate elsewhere..."
"That's another matter. That role is to commemorate the losses and encounters I was cheated before..."
Now Song Ya will not be tempted by some empty-mouthed deal again, interrupting Robert, "I'll talk about it later, anyway, I don't want to be cheated by the same person again."
"I promise you with my dignity that I won't."
"You should have helped me a long time ago, not those old white men!" Robert was a little black-skinned, and Song Ya scolded him angrily, "And you see, the five major firms are changing bosses, who knows who will leave next?" Is it your 'Mr. Chairman'?"
"Don't you know how powerful Goldman Sachs is?" Robert said earnestly, "In the Ministry of Finance alone, there are officers from Goldman Sachs everywhere..."
"There are also many people from Andersen in Anran, what happened?" Song Ya asked back.
"OMG..." The lobbying failed, and Robert was at a loss, calling the name of God and turning away.
At the same time, in Paris, Messier, the CEO of Vivendi Universal, was conspiring with Aldo Padoso, the boss of Andersen's French branch.
"The United States may not be able to stand it anymore. The attention of the regulators of the United States and France will soon turn to us. All problematic accounts must be settled in this year's annual report!" Aldo Padoso warned.
"Isn't that the same? It's tantamount to self-destruction!" Messier wailed, "Can I stand it!? I'm 100% stepping down!"
"It's better to go to jail! Neither of us can escape!"
"Even if we can handle it here, can you guarantee that the accounting documents at your headquarters will not fall into the hands of the US prosecutors? Isn't the result still the same!?"
"Don't worry, they will all be destroyed...just in time for the Enron incident."
"Destroy!? You are an accounting firm!" Messier thought he was bold, but this was still somewhat beyond the imagination of his years of senior manager career.
"There is no other way, or do you have any other good ideas?"
Aldo Padoso said: "The Chicago headquarters took the risk to preserve our credibility at Andersen!"
"Uh... well, destroy... that's fine too."
Messier agreed, wiping the sweat from his brow. He had known for a long time that Andersen's so-called reputation was of course not the claim that "integrity is higher than profit", but: never causing trouble to customers...
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