Rebirth: My dad is a coal boss

Panasonic is a multinational company in the island country, with more than 230 companies around the world and a total of more than 290,493 employees. Among them, there are more than 54,000 employees in China. The total sales in 2001 was more than 61 billion US dollars, ranking 26th among the world's top 500 manufacturing companies. The founder is Konosuke Matsushita, who is known as the "God of Management".

Fumio Ohtsubo took Lin Hao to visit Panasonic Electric. Looking at the dazzling array of electrical products in front of him, Lin Hao couldn't help but sigh that Panasonic is still very strong!

At this time, Panasonic Electric's position and influence in the industry, especially in the field of electrical appliances, has outstanding technical strength and innovation capabilities, but because of the disorderly expansion in the 1970s and 1980s, especially after the signing of the Plaza Accord.

On September 22, 1985, the United States, Federal Germany, the island country, the United Kingdom, and France signed the famous Plaza Accord in history at the Plaza Hotel in New York, USA. After that, it was the well-known "lost twenty years" of the island country.

After the Plaza Accord, the five countries began to frantically sell off the US dollar. The scene was like a flood that broke through the dam, which led to a sharp depreciation of the US dollar. In less than 3 months, the US dollar depreciated by 20% against the Japanese yen. In the years after the signing of the Plaza Accord, the Japanese yen exchange rate soared like a rocket, almost 3 times higher. Due to the sharp appreciation of the Japanese yen, the pockets of the Japanese people were about to burst.

The Japanese people who became rich overnight were surprised to find that they were so rich. They couldn't wait to invest their money in the US market and buy all kinds of assets and luxury goods in the United States. At its peak, the Japanese people owned 10% of the assets in the United States, and they even arrogantly threatened to buy the entire United States.

However, the complacent Japanese people did not expect that they fell into a trap carefully designed by the Americans. Although the appreciation of the Japanese yen has caused Xiao Ri's wealth to grow rapidly like a snowball, Xiao Ri's exports have suffered a heavy blow, and domestic housing prices have also risen sharply like a wild horse. The traditional way of earning foreign exchange through hard work and export was replaced by new ways such as speculating in real estate, stocks, futures, and foreign exchange. People were immersed in the joy of luxury and getting something for nothing, and could not extricate themselves.

The ambitious islanders were crazy about buying American real estate and acquiring American companies. However, their purchase behavior was very blind, and to a large extent it was just to satisfy their illusory vanity, because many of the assets they acquired were just to make themselves look more face-saving.

Of course, the blindness and madness of the ordinary people, in addition to being blinded by wealth, are also closely related to the lack of overseas investment experience of island entrepreneurs to a certain extent. In this way, the islanders spent huge sums of money to buy a lot of useless assets, such as baseball teams, golf courses, high-end residences, high-end hotels, etc. In the end, the islanders had to pay the price for their irrationality and madness.

At that time, the electronic technology industry was booming, and new technologies such as the Internet and computers were springing up like mushrooms after rain. Americans keenly seized this opportunity and poured funds into these high-tech fields like a tide. In this industrial upgrade, the funds of the islanders played an important role in promoting it, just like rocket fuel.

After the Americans cashed out those real estates and enterprises facing elimination, they eagerly invested the funds in the field of new technologies, which promoted the upgrading of American industries and established the leading position of the United States in the field of electronic technology. However, the comfortable islanders fell behind in this industrial upgrade. They not only lacked sufficient motivation, but also lacked sufficient funds to carry out industrial upgrading.

When the United States completed the industrial upgrade, the islanders were surprised to find that they had been left far behind by the Americans. The traditional industries they bought from the Americans were not only unprofitable, but also became a heavy burden on the island economy.

The islanders eventually had to sell these overseas wealth bought at high prices at low prices, and sold these assets to the increasingly wealthy Americans like discarded rags. This sell-off caused heavy losses to the ordinary people, and it can be said that the Americans made a lot of money. What's more serious is that the country also encountered a serious crisis.

After the Plaza Accord, the yen appreciated sharply, blowing up the bubble of false prosperity in the country. Foreign goods and funds hit the real economy of Xiaori like a flood, and Xiaori's housing prices and stock prices soared, and the economic bubble grew bigger and bigger.

It is said that the market value of Tokyo's real estate at that time could buy the entire United States. The severity of the economic bubble was shocking. However, the bubble will burst one day. When the bubble expanded to the limit, it finally couldn't bear the burden and began to burst.

No one cares about the expensive houses in the island country, the dream of rising housing prices was shattered, and the stock market could not maintain "false prosperity" due to lack of funds, and the island economy fell into a serious crisis.

Although the government tried its best to save the real estate market and the stock market, it was powerless and the economic bubble finally burst. Then, housing prices and the stock market plummeted, banks closed one after another, and the economy fell into chaos, almost on the verge of collapse.

For a full twenty years, Xiaoshi failed to recover. If it were not for China's reform and opening up at that time, which provided a glimmer of life for Xiaoshi, Xiaoshi's situation would probably be even more difficult.

Although Panasonic looks very glamorous now, it is actually facing many crises inside. After Fumio Otsuka became chairman last year, he began to carry out internal reforms, constantly selling some useless assets he had bought before, and began to concentrate on electrical appliances.

In the conference room, Lin Hao and Fumio Otsuka sat in the first place, and the others were on both sides.

"I wonder how much President Fumio plans to sell for 20% of Universal Music's shares?" Lin Hao asked Fumio Otsuka straight to the point.

"Universal Music is a very high-quality industry. Now the global economy is developing rapidly, the entertainment industry is developing rapidly, and more and more people are listening to music. If the company had not been fully committed to the development of electrical appliances, I would really be reluctant to buy it. However, Lin Haojun and I are old friends, and we naturally know how to make the best of each other. For only 2 billion US dollars, 20% of Universal Music's shares will belong to Lin Haojun."

2 billion US dollars, Lin Hao thought about it in his heart when he heard this number. He really treated himself as a sucker in this life. Although 2 billion US dollars is not expensive to buy 20% of the shares, it took Universal Pictures and Blizzard Entertainment a total of 20 billion US dollars to buy Universal Music. According to the 2 billion US dollars of Fumio Ohtsubo, Universal Music is worth 10 billion US dollars.