Back to 1995

Chapter 898
Greg, who was teasing little Andre, heard Song Yang's words, glanced at the news on TV, and then nodded lightly, "I will let the legal team handle it for America Telecom!"

American Telecom's rebound was aimed at creating obstacles for ICQ's board of directors and General Electric, and it must have the support of a legal team.

Now ICQ's stock price is only a quarter of that of its peak period, and the stock price has returned to US$300. However, this is also equivalent to the peak period of US$[-] billion. Up to now, ICQ's market value is It's still around [-] billion US dollars, which is still too expensive for Song Yang...

If Song Yang wants to regain the controlling stake in ICQ, he must let ICQ make some more money. Only when ICQ's stock price and market value have dropped to the point where the price of cabbage is completely ignored, can Song Yang go to cut leeks.

The news on TV continued, and an interview was released. It appeared that Ted Turner, the largest individual shareholder of AOL Time Warner, was spraying the two CEOs of AOL, Keith and Jerry Levine, in front of the media cameras.

Back then, when AOL and Time Warner merged, Ted Turner bragged about the merger of the two companies, thinking it was a match made in heaven, and there were all kinds of flattery that sounded goosebumps.

But it didn't take long before Ted Turner turned his face and scolded Case and Jerry Levine, "liars, thieves, and shameless Wall Streeters!"

There is no other reason. The reason why Ted Turner was furious was that his AOL Time Warner equity worth 172 billion dollars was less than 20 billion dollars. It has also shrunk a lot. The old man's worth has been in vain for most of his life. It's hard to get over it without scolding.

After the TV station finished playing the segment, the show host said with a gloating tone, "There are rumors that Ted Turner scolded Jerry Levine in the Rainbow Hall of Rockefeller Center and demanded that Jerry Levine Wen got out of AOL Time Warner, and was finally "persuaded" by security personnel to leave the scene!"

Watching the news on New York TV, Greg, Logan, Ella and others all looked at each other in blank dismay, allowing the TV station to silence Ted Turner's scolding. It is conceivable that he scolded Just how dirty it is, even the media, which has always been watching the excitement, can't tell the truth...

The collapse of the Internet, the downfall of the upstarts in Silicon Valley, and the ugliness of the American rich who have lost their social status have made traditional TV media have no shortage of topics this year, and they have also released a breath of anger that has been suppressed by the Internet media for several years. Naturally, it is hard to report , Tell the leeks, what is the end of investing in Internet companies!
In the past, those big figures who were high above and often appeared in the spotlight have now fallen from the altar and have become the talk of American people after dinner. The TV station reported Bernard Ebes, Ted Turner and others. When it comes to the news, the ratings are always rising. It can be said that they have mastered the traffic code. For many American people, this year is really a fun year, and they can see all kinds of bizarre scenes.

It was another piece of news that attracted Song Yang's attention, "Enron Group announced that next Monday, it will hold a third quarter financial report conference call. It is reported that Anron President Kenneth will attend in person. This is after Enron was reported by the former president for financial fraud. , Kenneth appeared in public for the first time!

Some financial experts analyzed that Enron's third-quarter performance may be very unsatisfactory, which may cause Enron's death spiral.

Another source said that Enron's board of directors and executives may undergo drastic changes, and Kenneth may choose to retire..."

After dinner, the villa was still full of noise, Song Yang and Geleike came to the balcony, Geleke looked back at the living room, and then asked Song Yang in a low voice, "Do you think Anran can survive this time?!"

Mentioning Anran, Greg's expression is also a bit complicated. As long as he is in Houston, he is no stranger to Anron. For all people born in Houston, Anron is a giant existence. Countless local family members in Houston are in the Enron goes to work, schools, hospitals, and sports events in Houston have all received donations from Enron, and countless people have bought Enron stocks, waiting to receive Enron's pension.

Hearing the news about Enron now, countless Houstonians may find it hard to believe that such a behemoth could fall. As for the Texas State Pension Fund, Houston Firefighters' Foundations, etc., all hold a large number of shares in Enron Group, and this time they all suffered huge losses!

Song Yang shook his head slowly, and just said, "An Ran must fall!"

Greg was stunned for a moment, and then realized that the Enron Group had tampered with its finances. This was a lice on the bald man's head. It was obvious, but the outside world still didn't know how big Enron's thunder was, but Enron definitely couldn't Back to last year's highly sought after state.

Enron's stock price is now on the verge of collapsing, and the finances are still messed up. No one knows whether there will be any dividends. Those investment institutions, foundations, and pension funds are all counting on Enron's stock price and dividends. With both of them gone, what else can we expect from An Ran?
Now these institutions investing in Enron have already suffered heavy losses. If they want to get back their capital from Enron, they probably can't count on it. If Enron drags on half-dead, those foundations will not be able to explain to investors, but will be scolded by investors instead. At the beginning, I invested in Enron blindly.

It is better to let Enron go down, count as much as you can get back from Enron, and put the blame on Enron, so that those who cannot receive pensions will go to Enron to claim compensation, and those institutions can also take the opportunity to get out, otherwise they will all lose money. To play along with it!
The harm between the two powers is the lesser, anyway, the left and the right are dead, it is better to be quick to die, and put the blame on Enron. On the other hand, the Federal Securities Commission and the Federal Department of Justice cannot easily let Enron go. Wouldn't it prove that they were useless? !

Under the pressure of all parties, the last way left for Enron was to send it on the road, but Enron fell down. It has a huge industry in America and overseas, but it is a piece of fat. It depends on who can eat it. Of course, the premise is that Enron's risk has been resolved, after all, Enron has too much involved.

At the Enron headquarters in Houston, Kenneth and Jeff Skilling were sitting upright, and the atmosphere was very frozen. Neither Kenneth nor Jeff Skilling said a word.

"What is Enron's financial situation now?!"

After a while, Kenneth finally asked Jeff Skilling. Enron's internal affairs are now in chaos. The accounts are beyond recognition, and even Kenneth, the boss of Enron, doesn't know what kind of bird Enron is now.

"Currently there is a cash flow of 130 million US dollars in the accounts, and the published accounts are [-] billion US dollars in debt!"

Hearing Jeff Skilling's words, Kenneth asked without thinking, "Really?!"

"Because of the sluggish prices of natural gas, electricity and other futures this year, Enron has suffered a huge loss this year, and its debts have actually exceeded $380 billion!" Jeff Skilling said in a muffled voice, with a feeling of unwillingness in his words.

Kenneth closed his eyes in pain after hearing the owed accounts, he knew that An Ran's out-of-control sports car was finally going to hit the wall.

Enron's revenue exceeded [-] billion U.S. dollars last year, but it has long stopped relying on traditional natural gas pipelines and electricity charges, but relies on Enron's online platform to speculate on energy futures!
This set of "Enron Online Platform" was developed by the engineers of Double-Click Company back then. Enron was the first company in the world to turn natural gas, electricity and other energy into futures.

On this platform, Enron not only acts as a referee, but also participates in speculating futures in person. For example, in order to increase the price of electricity futures on Enron’s online platform, Enron was insane. In half a year, there were 38 power outages in Texas, and in the forests of California. During the fire, Enron's traders desperately shouted "burn it all", because besides the forest trees, there was also a high-voltage electricity tower along the way. Once the line was burned, the power would be cut off naturally, and the electricity bill would naturally increase...

There are countless such methods. Using this method, Enron successfully convinced the leeks that electricity is scarce and naturally precious. Can the price of electricity futures not rise?

If it hadn't been for the big noise of blowing up his own natural gas pipeline, it would have attracted investigations. It is estimated that Jeff Skilling would have blown up Enron's natural gas pipeline in order to hype the price of natural gas futures!

Relying on these methods, last year Enron was crazily grabbing gold, speculating on energy futures, and selling natural gas, electricity, and oil. This year Jeff Skilling is naturally intensified, but this year's natural gas market has not been stimulated, making Enron suffer a huge loss. In the first half of the year alone, it lost more than 60 billion dollars...

"An earnings conference call will be held tomorrow!"

Kenneth looked at Jeff Skilling, "I will announce my resignation in public and give you the position of President of Enron. You and Andersen have to deal with those accounts!"

The corners of Jeff Skilling's eyes couldn't help twitching, and he clenched his fists. He didn't know what Kenneth meant, and he obviously wanted to run away, leaving the mess for Jeff Skilling to clean up.

When the catastrophe is imminent, they fly separately, and Kenneth is unwilling to take the blame, so he, Jeff Skilling, is willing to take the place of the dead ghost?

Once he was blamed, he would never be able to get out of a federal prison for decades.

"This matter always needs someone to be responsible, and someone must take responsibility!" Jeff Skilling said, staring at Kenneth.

Kenneth was silent for a while, and said in a muffled voice, "Let the chief financial officer, Fastow, take on everything. I will use my connections and contacts to get him out of federal prison within ten years and cash out his share of Enron's equity in advance!"

Jeff Skilling laughed a little in his heart. He didn't know what Kenneth was thinking. He thought that a small Enron chief financial officer could withstand such a big thunder?

Glancing at Kenneth, Jeff Skilling was thinking about something in his mind. He knew that An Ran was really unlucky. Between him and Kenneth, there had to be someone who took the blame, otherwise it would be difficult to settle the matter!

(End of this chapter)