Vol 2 Chapter 630: Inventory income
A few days later.
Gale Capital Corporation, Wall Street, New York.
At this moment, in the huge conference room, the senior management and partners of Dafeng Capital gathered together, and the total number of participants exceeded 32.
That's right!
Just yesterday, another three outstanding employees became one of the partners of Dafeng Capital with their impressive performance.
Of course, even so, Zhu Ke is still the absolute majority shareholder, the largest shareholder, and his personal shareholding exceeds 70%.
Zhu Ke looked around and said loudly: "Ms. Claire, it is up to you to announce the results of the battle to everyone."
When the voice fell, all the eyes of everyone in the room were immediately focused on Ms. Claire, the chief data analyst of Gale Capital.
Ms. Claire is not a beauty, on the contrary, she is a little obese, and she is also in her 40s.
But everyone from Dafeng Capital, including the entire Wall Street elite, no one would underestimate her!
No one dares to despise her!
Because she was able to get to where she is today, relying on her strong personal ability.
"Claire, you quickly say, we can't wait~"
A quick-tempered executive said.
"Yeah~"
Tortasos, who is also a senior executive, also immediately said: "We are all waiting, and we have deployed Enron for more than 7 months. We are extremely eager to know the final result."
Even if the others didn't speak, the smile on their faces couldn't hide.
How can the company make money without their share?
"Ahem~"
Zhu Ke cleared his throat and pointed at the crowd with a smile: "Guys, I know that everyone is very excited, and I can't bear it. In fact, I am also the same, but can you wait a few more seconds?"
"Good good~"
Hearing this, everyone nodded quickly in response.
The atmosphere of today's meeting was more pleasant, and everyone present was also quite relaxed, so Zhu Ke did not take too much criticism.
They are very excited, so why not Zhu Ke?
Chief Data Analyst Ms. Claire stood up and said, "Everyone, since the end of April and the beginning of May this year, we started to deploy Enron. After more than 7 months, the total investment amounted to 3 billion US dollars."
"Since this time, we have targeted Enron, the major subsidiaries of Enron."
"Including companies that have debts with Enron..."
"Duke Group, Mirent, Dinokey and other companies all have connected transactions and debt relationships with Enron, and they are also our goals."
"Finally, during this period, after excluding the $3 billion principal accident, we made a total profit of $2.6 billion, with a profit ratio of 86.7%."
The results are out.
Everyone in the entire conference room suddenly burst into huge applause, shouts, and cheers.
"Awesome~"
"God will be jealous of our gains!"
"The profit ratio is almost as high as 1:1. I believe that even the top five investment banks on Wall Street can't match the performance of this performance."
"We made a profit of 2.6 billion U.S. dollars in the layout of Enron. If we count the daily profit of 1.3 billion U.S. dollars in the'Japan Ehime' incident at the beginning of last year, plus the gains from the long military stocks and grain and oil futures after the 9/11 incident... .."
"My goodness, our entire year's revenue this year is definitely more than 6 billion U.S. dollars!"
The glorious result of the battle dang even everyone present was dumbfounded.
CEO Andy Chelop also clenched his fists, resisting his excitement and said: "I don't know how much the five major investment banks are profitable this year, but I'm sure that even if they make a lot more than us, they also There is absolutely no more to go?!"
Everyone nodded in unison.
Over 6 billion U.S. dollars in profit for a whole year...
This is Dafeng Capital!
If this were to be said, who would dare to believe it?
After all, looking at the entire Wall Street, there are investment banks that are stronger than Dafeng Capital, but how many of them can have this performance? !
For a time, now it's boiling again.
"Just be quiet~"
After the crowds were upset for a while, Zhu Ke stepped up and pressed his hand in time, and said, "Guys, don't be overwhelmed. Don't forget, our total assets under management at Dafeng Capital are no more than tens of billions of dollars in Wall Street. Among the major investment banks in China, we rank in the top 80 at most."
Everyone nodded calmly.
Isn't it?
Leaving aside the five major investment banks such as Goldman Sachs, Merrill Lynch, and Lehman Brothers, even the second-tier Chicago consortium and Los Angeles consortium, which one of them manages assets less than 100 billion US dollars?
Moreover, this is only now!
In the future, as the world's largest investment bank, Goldman Sachs, its assets under management will exceed 10 trillion U.S. dollars!
"What is the scale of total assets of tens of billions of dollars?"
"A year of revenue of 6 billion US dollars, what is it?"
"Our goal for some time in the future is to develop Dafeng Capital into a large investment bank with more than US$50 billion in assets under management! Europe, Asia, Australia and other regions and countries around the world should also have traces of our Dafeng Capital."
Zhuke is like an arrogant man, describing an unrealistic future madly.
but!
One of the people present did not think it was "unrealistic," and they even deeply agreed with the goal set by Zhu Ke.
In the future, Dafeng Capital's assets under management will exceed US$50 billion, shouldn't it?
......
In the Enron bankruptcy incident, Zhu Ke's Gale Capital made a crazy profit.
The major investment banks on Wall Street, including capital consortiums from overseas, have not made less money, and even in this carve-up feast, their actions are much more fierce than Zhu Ke~
Since some people have gained, some have suffered heavy losses.
Enron is a giant enterprise with hundreds of billions of dollars, and its bankruptcy became the second largest bankruptcy in the history of the United States.
At the same time, it is undoubtedly those investors who have suffered the most losses, especially ordinary investors who still have a lot of Enron stocks. According to the federal law of the United States, after a company applies for bankruptcy protection, the company’s assets will be given priority in paying taxes, repaying bank loans, and issuing employee salaries...
For a company that is already worthless, after such a toss, the investor must be...
All investors can do to recover their losses is to file a lawsuit.
However, what will happen even if the case is won?
An Ran has gone bankrupt, and even if it recovers some of the funds, they cannot make up for their losses. These people are undoubtedly the bones of the capital battle...
Also affected by this incident are Enron's trading partners and large financial consortia.
According to statistics, in the Enron bankruptcy case, Duke Group lost 100 million U.S. dollars, Mirent Company lost 80 million U.S. dollars, and Dinokee lost 75 million U.S. dollars. Among the consortium, the most severe loss was J. P Morgan and Citibank. Only J. P Morgan's unsecured loan to Enron is as high as $1 billion;
Citibank’s losses were roughly the same.
In addition, Enron's creditors also include Deutsche Bank, Datianchao Bank, Bank of Japan, etc., and their losses add up to more than tens of billions of dollars.
The next day.
When Zhu Ke woke up from the hotel room and turned on the TV, he saw Enron's news again.
Enron's current CFO (Chief Financial Officer) Andrew Fastow has been taken away for investigation by relevant federal agencies, including executives from Enron's head office and major subsidiaries. As many as 235 people have been summoned for investigation.
Is there more than 235 people?
Not much!
We must know that Enron, as an energy giant with a market value of nearly 100 billion U.S. dollars, has as many as 3,000 subsidiaries worldwide. Currently, more than 235 people have been subpoenaed, which is nothing more than foreplay.
In the next 1 to 3 months, or even longer, at least more than 800 people will be investigated.
Of course, there are definitely not a few Enron executives who limit their departure.
Founder and former chairman of Anran: Kenneth Lay;
Former CEO (CEO) of Enron: Jeffrey Skilling;
These two people are the focus of the investigation!
However, in the short term, the outcome of the trial will not come out.
In the original time and space history, Kenneth Lay has been vigorously denying, and has launched a protracted argument with the federal government and the courts, until 2004, he pleaded guilty.
But even so, Enron's bondholders still cannot recover their losses.
Since 2000, Kenneth Lay has spent US$4 million to purchase various types of annuity insurance. Since 2007, the Kenneth Lays can receive about US$900,000 in annuities paid by the insurance company each year;
The most amazing thing is...
In the United States, most states stipulate that life insurance and annuity payments are protected by law. Therefore, even if the Kenneth Lays declare bankruptcy, creditors have no right to demand this huge annuity to pay off debts.
"People who know the law can't afford it~"
In 2006, Kenneth Lay was sentenced to 175 years in prison, but a few weeks before he was about to enter prison, he suffered a heart attack and died at home.
"I would rather die~www.wuxiaspot.com~ than go to jail!"
Kenneth Lay successfully practiced his obsession, he will not die in prison.
.......
Former CEO (CEO) of Enron: Jeffrey Skilling.
In the future, he will also be sentenced to 24 years and 4 months in prison and face a fine of more than US$183 million.
However, the servant was actually released after only 13 years in prison.
.......
Click.
Zhuke turned off the TV.
"The Enron incident is basically over. The later period of litigation for several years has nothing to do with me. However, the WorldCom bankruptcy case in 2002 was hailed as the third largest bankruptcy case in the United States. I have to start the layout."
"" The second update is sent.
