Chapter six hundred and thirty fourth emotional

At the signing ceremony, Song Jinlong put on the seal of Huanghai Petrochemical with a smile on his face.

Chairman Song, please leave this part of the project to Huanghai Petrochemical! Director Wang handed the contract he signed to Song Jinlong as he spoke.

Director Wang, please rest assured, we Huanghai Petrochemical will complete the task with quality and quantity! Song Jinlong replied immediately.

Li Weidong, who was standing not far away, also let out a sigh of relief. Huanghai Petrochemical has obtained this important project, and Li Weidong can also successfully win the New Oriental Motor Factory.

Beside Li Weidong, a bald man said, Chairman Li, your prediction is really accurate! For a company as big as Enron, you said they would go bankrupt, but it turned out to be really bankrupt!

Director Sui, you are hurting me! I heard that now, all of you in the financial circle call me No. 1 Crow Mouth in the world! Li Weidong said with a smile.

No way, I admire you from the bottom of my heart! Director Sui lowered his voice and continued; In addition, on behalf of our bank, I would like to express my sincere thanks to you.

This Director Sui is a high-level cadre of the bank, so he is a person in the financial circle.

The construction of such a large project of the West-East Gas Pipeline will definitely require a lot of money. Generally, this kind of large-scale infrastructure construction is not directly financed by finance, and some financing channels will be passed in the middle, so banks will definitely participate in it.

It is also normal for the bank to send senior executives to participate in the signing ceremony, and to get acquainted with the construction party to facilitate future communication and business development. So this Director Sui appeared here.

I just heard Director Sui say: Chairman Li, to be honest, the overseas investment department of our bank has also invested in some stocks and bonds of Enron.

In the previous seminar, we have also heard your judgment that Enron will go bankrupt. We think your analysis is very reasonable, so we quickly dumped the stocks and bonds of Enron.

While we were selling stocks and bonds, prices had already started to fall, but at least we got our money back. If we waited until Enron filed for bankruptcy, we would have lost everything.

It is really thanks to you, Chairman Li, that we have avoided a huge loss, so let me be a representative in the industry and thank you in person.

So it is. Li Weidong replied with a smile: Director Sui, this is not my credit, you have to believe me, and even if you make the corresponding disposal, you can avoid the loss of assets.

Chairman Li is so polite. Director Sui said quickly.

The bankruptcy of Enron Corporation caused heavy losses to many investment institutions. Among them, the biggest losses should be Morgan and Citi. They lost almost 800 million US dollars. Several other large investment institutions in the United States also calculated their losses in units of 100 million. Those who can lose 40 to 50 million, even if they are small.

Because of Li Weidong's judgment, the domestic banks got away early and recovered their capital, which can be regarded as a great fortune in misfortune.

After the two politely exchanged a few words, Director Sui said, Chairman Li, if you have any important news in the future, such as which big company is going to close down again, you must tell us in advance!

Of course, our bank will not ask for your information in vain. If you have anything to do with our bank, just mention it. As long as we can do it, we will definitely help.

Is a large loan okay? Li Weidong asked immediately.

For private enterprises, obtaining a loan is always the most necessary thing. Many private enterprises rely on bank loans to maintain their capital chain. Once the bank cuts off cash flow, the enterprise will go bankrupt in an instant.

It is not easy for a private enterprise to obtain a loan from a bank, especially if it is obtained from the four major state-owned banks, the difficulty is even higher. Therefore, a large number of private lending companies have begun to rise, and even many are simply usury.

When it came to the loan, Director Sui hesitated for a while, and then asked, Chairman Li, how much do you plan to loan?

Li Weidong smiled slightly and replied, Our company borrows from the bank, and it is naturally Han Xin's help, the more the better!

The more the better, there must be a number! Director Sui said.

Li Weidong didn't answer directly, but changed his voice and asked, Director Sui, do you know WorldCom?

Director Sui thought for a while, then asked, You're talking about a communications giant in the United States, right?

Yes, it is them. Li Weidong continued; According to my judgment, WorldCom will become the next Enron, and it is estimated that this time next year, it will also embark on the same path as Enron. If your bank invests in WorldCom, I suggest you stop as soon as possible!

Director Sui was stunned for a moment, and then he immediately realized that Li Weidong was showing his bargaining chips.

This seems to mean that the news that WorldCom will also go bankrupt is worth the amount of loan your bank should give, so please weigh it carefully!

More importantly, if Li Weidong's crowmouth prediction is successful this time, how much loan the bank should give, which also has to be carefully weighed.

This is probably like selling watermelons, first cut a triangle and let customers taste whether it is sweet or not.

Is it Shitong? I remember it. Thank you Chairman Li for the information. Director Sui nodded.

A year is not too long, Director Sui can afford to wait. If WorldCom Corporation really embarks on the same path as Enron in a year, Director Sui will beg Li Weidong for a loan.

...

WorldCom is the second largest communications company in the United States, second only to AT\u0026T in the United States.

AT\u0026T, the former Bell Telephone Company, was the company founded by Bell, the inventor of the telephone.

Originally, the telecommunications industry in the United States was basically monopolized by Bell. Later, WorldCom promoted the anti-monopoly bill and split Bell into the so-called Seven Bell Brothers, which opened the era of competition in the American telecommunications industry.

In the competition, WorldCom has experienced a series of acquisitions, and the scale of the company has expanded rapidly. Especially after the acquisition of MCI, it has become the second largest telecommunications company in the United States. Its status in the United States is equivalent to that of China Unicom.

In addition to being the second largest telecommunications company in the United States, WorldCom, before bankruptcy, was also the world's largest Internet provider. Therefore, in its heyday, WorldCom was even better than China Unicom in overseas business.

Such a huge enterprise filed for bankruptcy in July 2002 and went through the entire bankruptcy process in 2003.

The reason why WorldCom went bankrupt was because of financial fraud, just like Enron.

More ironically, it was Anxinda Accounting Firm, which served Enron, who was responsible for providing audit services to WorldCom.

Originally, Enron was already the largest bankruptcy case in the history of the United States, but Americans could never have imagined that the largest bankruptcy case in the United States would be refreshed by the bankruptcy case of WorldCom Corporation a year later.

Even in later generations, WorldCom's bankruptcy is the third-largest in U.S. history, after the collapse of Lehman Brothers and Washington Mutual Bank in the subprime mortgage crisis.

The bankruptcy of WorldCom also had a huge impact on the US economy, even more serious than the bankruptcy of Enron.

There are more than 50 companies in the United States who have loaned more than 100 million US dollars to WorldCom, and all the world's well-known investment banks have invested in WorldCom.

U.S. pension funds have also invested heavily in WorldCom. The Michigan pension fund alone lost $11.6 billion because of WorldCom's collapse.

Moreover, the bankruptcy of WorldCom also dragged down the world stock market. After the WorldCom incident, the Tokyo stock market fell by 4%, the South Korean stock market fell by 7.15%, the Singapore stock market fell by 2.15%, and the Hang Seng Index also fell by 2.39%.

There is no doubt that WorldCom's bankruptcy is another super nuclear bomb for Financial Street!

President George W. Bush, who was in power at the time, was really not good at economics. Five of the top ten bankruptcy cases in the United States occurred during his administration.

They were Lehman Brothers and Washington Mutual in 2008, WorldCom and Consec Insurance in 2002, and Enron in 2001.

The bankruptcy of General Motors, CIT Group and Chrysler in 2009 can be regarded as the mess left by President Bush.

In this way, except for the bankruptcy of Pacific Gas Power in 2019 and the bankruptcy of Man Financial in 2011, the top ten bankruptcy cases in the United States are all related to President George W. Bush.

It is also because it really does not know how to engage in economics, so the United States at that time would transfer its contradictions to foreign countries, so that ordinary people should not pay too much attention to domestic economic problems.

...

Although it was a verbal agreement between Li Weidong and Huanghai Petrochemical, Huanghai Petrochemical kept its promise and sold the New Oriental Motor Factory to Li Weidong.

The reputation of a large enterprise of this level is still very important. If Huanghai Petrochemical defaults on its debts, who will cooperate with Huanghai Petrochemical in the future?

What's more, Li Weidong and Huanghai Petrochemical have had a cooperative relationship for many years, and Huanghai Petrochemical can't make a difference to offend an old friend. This has always been the case in doing business in China. If you can have one more relationship, it may be used one day.

However, for New Oriental Motor Factory, being acquired by Li Weidong is not good news.

Although the scale of the New Oriental Electric Machinery Factory is not large, it is a state-owned holding company. Although the salary is not high, it is better than a stable job. It also has a face to speak out.

Now that it has been acquired by Li Weidong, it has become a private enterprise, which is of course not as good as before.

For many northerners, other than civil servants, public institutions and state-owned enterprises, other jobs are not serious jobs.

After the news of the acquisition came out, the workers of the New Oriental Electric Machinery Factory immediately fried the pot, and many people even went to the Huanghai Petrochemical office building to ask for an explanation.

In Song Jinlong's office, several workers' representatives from the New Oriental Electric Factory were complaining constantly.

Song Dong, the New Oriental Motor Factory was originally a workshop of Huanghai Petrochemical. We are all employees of Huanghai Petrochemical. Later, the company split up its business and we were divided. But we are still people of Huanghai Petrochemical!

Well now, the directors of the group held a meeting and sold us to self-employed individuals without discussing it with us. How could the group do this? This is too unkind!

The person who spoke was named Pan Yongjian, who was the director of the New Oriental Motor Factory.

An old worker who is nearly fifty years old next to him also said, I joined the electrical workshop as an apprentice when I was fifteen, and I have been working for thirty-two years now. This model worker is advanced and won a lot of money. Even if there is no credit. , there is also hard work, right? It’s good now, I have worked hard for Huanghai Petrochemical for most of my life, but I don’t want me anymore!”

Another person said: Yes, when the factory was built, my dad slept in the shed every day to build Huanghai Petrochemical. Our family of five devoted their youth to Huanghai Petrochemical, and now we are no longer needed. , kicked us away, I'm not convinced!

In the face of the workers' questions, Song Jinlong had to explain again: Several masters, the sale of the New Oriental Electric Factory is also for the future development of the group, and I hope everyone can understand.

Dong Song, you don't need to explain anymore. The group has explained it many times, and I am tired of hearing it. We are just not convinced, why should we be sold! Pan Yongjian, the leader, said.

Motors are not the main business of our Huanghai Petrochemical after all. Optimizing the industrial structure of the company is also a reform to adapt to the new economic situation. Song Jinlong paused and continued:

Director Pan, in fact, this is not a bad thing for you. You must have heard of Li Weidong's name. He is also a well-known private entrepreneur in China. In the future, the New Oriental Motor Factory will be handed over to Li Weidong. Will definitely take it to the next level.

As far as I know, Li Weidong is not a stingy person. He has always been willing to pay wages to his employees. If you work with Li Weidong, maybe the wages will be higher than they are now.

This private enterprise also has the advantages of a private enterprise. As long as it does a good job, there is no cap in terms of wages. Unlike here, we have to abide by the salary system, even if I am the chairman of the board, I have to get a dead salary according to the regulations!

That's different. Huanghai Petrochemical is a state-owned enterprise after all, and the job is stable. If you go to work with the self-employed, your salary may be higher, but if you can't guarantee the company will close down one day, you will have no jobs! The older master speak up.

Song Jinlong quickly corrected: Master Wang, Huanghai Petrochemical is no longer a state-owned enterprise, but a state-owned holding company, which is different from before. We are now also managed according to the management system of modern enterprises.

I don't care what holding company it is. Anyway, I'm so old, so I want to be safe, and I hope I can get paid until retirement. If you sell New Oriental Electric, what will I do with my retirement salary? The long Master Wang said stubbornly.

Song Jinlong had no choice but to explain: Master Wang, regarding retirement, the country has already reformed, and retirement wages are no longer paid by enterprises, but by the social security fund. Even if the New Oriental Motor Factory is sold, it will not Affect your pension.

What is this gold and that gold, I don't understand! Anyway, I have worked in Huanghai Petrochemical all my life, you can't kick me! Master Wang said stubbornly.

Yes, talking for a long time is equivalent to talking in vain! Song Jinlong sighed helplessly. In the face of Master Wang, an old master with more than 30 years of experience, the other party said I don't understand, making it clear that he wanted to rely on the old and sell the old, but Song Jinlong really didn't. Method.

So Song Jinlong had no choice but to ask; Master Wang, what are your requirements, let's just say it directly!

New Oriental Motor Factory can't sell it! Master Wang said immediately.

This is definitely not possible. The contract has already been signed. If you backtrack at this time, not only will you have to pay huge liquidated damages, but the reputation of Huanghai Petrochemical will also be affected. Song Jinlong shook his head decisively.

It's okay to sell the factory. We, the employees of the motor factory, have to go back to Huanghai Petrochemical! Master Wang continued.

Master Wang, what kind of work can you do when you return to Huanghai Petrochemical? Song Jinlong continued: We Huanghai Petrochemical have no motor workshop.

If I don't build motors, I can do other jobs. I have worked in the first-line workshop all my life, and there is nothing else I can do! Master Wang said arrogantly.

Song Jinlong smiled slightly and asked, Master Wang, do you know how to operate a cracking furnace?

What is a cracking furnace? Is it a boiler? Master Wang asked subconsciously.

Do you know how to operate the cracking quench room? How about the cracking oil operation? Separate the compressor operation? Separate the cooling room operation?

Master Wang, these are the basic operations of the ethylene production plant in our olefin workshop, and they are also positions with relatively low technical requirements in the workshop, but you can't. How can I arrange a job for you! Song Jinlong said helplessly. .

When Master Wang was still in the motor workshop of Huanghai Petrochemical, Huanghai Petrochemical still used the backward technology of the 1950s, and there was no automation, and it was purely manual operation.

The Mobil production line introduced by Li Weidong to Huanghai Petrochemical is already American technology in the 1980s. Over the years, Huanghai Petrochemical has purchased and developed some new processes and technologies. How can Master Wang understand!

However, Master Wang said with a face of dissatisfaction: I am a motor maker, you can assign me to a position related to motors.

Song Jinlong nodded: That's okay, our motor control center has a new control system, can Master Wang operate it?

What control system? Master Wang was confused again.

Song Jinlong went on to explain: The power distribution room of an olefin workshop has four voltage levels, 6000V, 380V, 220V and 48V.

Among them, 6000V is used by the main equipment, which is the P1501B, P1505B and P7005 equipment we are currently using.

380V provides low-voltage motors, soot blowing motors, and MOV electric valve motors. These motors are controlled by the control center, and it is necessary to master the corresponding operating system.

220V is mainly used for lighting circuits, small electric tools, emergency lighting, inverters, power distribution devices, and 48V corresponds to instrument power, interlocks, alarm systems, etc...

Song Jinlong introduced a series of introductions, but Master Wang basically didn't understand much, and was immediately confused.

Why is it so troublesome to get a motor now! Master Wang frowned, and then said, If you're not professional, you can put me in a logistics position. I've worked in the front line for more than 30 years, and I've been working in logistics for more than 30 years. It's not too much to retire!

Not too much, of course not too much! Song Jinlong smiled slightly, and then asked, Master Wang, do you know how to use office tools?

What's not to die for? Master Wang began to be confused again.

It's just typing on the computer and making forms. Song Jinlong didn't explain much, but sighed: It seems that you can't.

You're talking about typing on a computer! I'm so old, how can I use a computer! Master Wang shook his head.

Master Wang, everyone in the back office has started to use a computer for office work. It is no exaggeration to say that during the New Year and the festival, the benefits must be entered into the computer first, let alone other professional positions. If you don't know how to use a computer, It is difficult to arrange work in the logistics! Song Jinlong said helplessly.

Then I'm going to clean up, or look at the main office at the gate! Master Wang deliberately put on a shattered expression.

Definitely not! Song Jinlong shook his head without hesitation, and continued; Our Huanghai Petrochemical's security work and cleaning work have already been contracted to the property management company.

If you want to look at the door, or clean the house, you have to quit your job first and then go to the property company. Of course, if you really want to go, UU reading www.uukanshu.com I will tell the manager of the property company and let him arrange for you to enter.

The property company is our factory? Master Wang asked subconsciously.

No, the property management company is also run by individuals. I remember paying 450 yuan a month for looking at the gate, 500 yuan a month not including food, housing, and cleaning, not including food and lodging. And no pension insurance, also There is no rest day. Song Jinlong replied.

Hearing this treatment, Master Wang couldn't help but complain: It's better to stay in the motor factory!

That's not it! Song Jinlong nodded, and then said, Master Wang, you have seen it, it's not that we don't want to place you, but it's because there are no jobs to place you. Even if there are jobs, you can't do it!

That can't sell us to self-employed! Master Wang is still firm.

Song Jinlong sighed helplessly again, and then continued: It seems that I can't talk to you. Well, let Li Weidong come and talk to you in person! I have made an appointment with Chairman Li to come over.

Song Jinlong looked at his watch and said, Count the time, Chairman Li will be there in ten minutes!