Chapter 251: Wang An's bankruptcy
It's probably like a rabbit dying and a fox is in a sad state, and it is already difficult for Chinese people to start a business.
Looking at the whole United States, Su Mu can't even find a few companies opened by Chinese people who can cooperate, and in the eyes of white people, Chinese are outsiders after all, far inferior to himself or Indian, and now Wang An Computer Company has collapsed, who knows if the next one to fall will be Penguin Computer, or Galaxy Group.
The mood suddenly became bad, the decline of Wang An Computer Company has long been foreshadowed, it is said that it is a manufacturing computer, in fact, the company's products are mainly typewriters, and under the impact of personal computers, Su Mu is not optimistic about the prospects of typewriters at all, this is a product that will continue to disappear in the long river of history after a hundred years, and complete its mission.
The role of the typewriter is simply typing, and the personal computer also has this function, and it is more advanced, after typing, it can be directly typeset, text conversion, etc., and then printed out by the printer.
At the beginning of this year, because of the sharp decline in typewriter sales last year, the market value of Wang An's computer company fell from about $600 million at the end of last year to less than $300 million.
It was later discovered that the company's performance was also in jeopardy, and instead of stimulating the stock market, it faced an even more severe financial crisis because of the addition of more than 5,000 employees.
The specific situation is not clear for the time being, the headquarters of this company is not in Silicon Valley, and there is no business contact, occasionally I heard that Wang An Computer Company, and I don't pay much attention to it, saying that it is "Wang An Computer", but this company does not manufacture personal computers, at the end of the seventies, it may be added to the typewriter a display screen, some electronic components, it can be regarded as a computer, and it has long become an outdated product today.
No ability, no idea to help it, thousands of employees of that company are destined to lose their jobs, recall that in 1984 when Su Mu was not a business, Wang An computer has more than 30,000 employees, products are exported to the world, Mr. Wang An himself is among the world's top ten richest people, how brilliant!
Speaking of bankruptcy at this moment, and suddenly bankruptcy, Su Mu sighed deeply again, summed up the reasons for their failure, and tried to learn from it.
A few years ago, Su Mu was busy starting a business at the same time, but also went to Yale University to study, and did not have the idea of attending various conferences, so he never met Mr. Wang An in person, but some media called him "Little Wang An", this statement is particularly famous in the Chinese circle, of course, Su Mu does not agree with this statement, he has seen the virtue of Wang An's grandson with his own eyes, and he does not want to have anything to do with the rich third generation at all.
After thinking about it carefully, it was found that the decline of Wang An's computer was also reasonable, on the one hand, Mr. Wang An managed this company as a family industry, and actually played the set of "son inheriting his father's business", which was resisted by the capital market.
On the other hand, Wang An Computer Company missed the best entrepreneurial stage of personal computers, and if Wang An Computer, which had a market value of more than $5 billion, used funds to participate in this industry, it might be able to become second only to IBM, Apple, Hewlett-Packard and other companies, but unfortunately they did not expect it, and stuck to the typewriter industry.
The most important thing is the mistake of the development direction, several decision-making failures, so that the capital flow bottomed out, coupled with the sales and profits fell again and again, and the staff system was bloated, which dragged down the company, and was not favored by investors, and no one was willing to invest after a quarter, so it finally embarked on the road of bankruptcy.
Su Mu realized that if he wants to rely on other companies or individuals, most of them will not be reliable in the end, not only must he have sufficient capital flow, but also master the core technology patents is also the key, and more importantly, he must be careful before making decisions, so as to avoid following the old path of Wang An Computer Company.
After going bankrupt, there was no one who was willing to take over, I have to say that it was too sad, and he was emotional, he was not willing to be the wronged boss and ask for his own hardships, and most of the people in the future would say that Su Mu was "Little Wang An" anymore......
Back at the Empire State Building, go to the restaurant for a quick bite to eat and sleep in your reserved room.
Helmst, who went to the headquarters of the Empire State Building United Company at about two o'clock in the afternoon, and laughed at Su Mu at the party, was also present at the moment when he said that if Su Mu lived long enough, he might be able to see the Empire State Building take back management.
He saw Su Mu staring at himself with a smile, and he couldn't wait to dig a hole and drill down, he said cruel words at the time, but he didn't expect Su Mu to turn into a major shareholder of the Empire State Building United Company, no matter who looks at this settlement, Su Mu has won, the Empire State Building itself is not valuable, what is valuable is the lease right.
Helmst already knows Su Mu's identity, and has seen him participate in the swearing-in ceremony of President George H.W. Bush in the news, and also knows that the value of this little Chinese guy in front of him is so high that he needs to look up to him, and now he can hear Su Mu's name from time to time.
So he cheekily came over to greet him, and said, "Fate is so wonderful, isn't it? Welcome to be one of us." ”
Seeing that the other party had the intention of releasing his previous suspicions, Su Mu didn't hold on to it, and said with a smile when he shook hands with him: "Yes, I was still fighting a lawsuit some time ago, and I believe that our cooperation can make this company develop better." Today I am sending money, a check for 15 million dollars, which should make the residents of the building more comfortable. ”
The original promise to the tenants of the building that if they were given the management rights of the Empire State Building, they would be exempted from rent for six years, successfully made the tenants stand side by side with Su Mu, and put a lot of pressure on the United Company.
In the end, the lawsuit ended in a settlement, and the six-year promise of rent waiver naturally failed, as compensation, Su Mu paid 15 million US dollars, and the Empire State Building United Company also paid 10 million US dollars to upgrade the fire protection, elevators, electrical circuits and other basic equipment, and promised to spend 30% of the annual income on maintenance for the next five years, which was not the result of negotiations between Su Mu and the United Company, but a punitive decision imposed by the city hall and the court.
Neither side had any intention of delving into it, Helmst smiled brightly, opened his mouth and said: "I also believe that it will develop better, now go and ask the accountant to come over and put the money into an independent account, the city hall will appoint someone to supervise this account, which can only be used for the renovation of the Empire State Building, so you can rest assured." ”
Su Mu nodded, looked around, the company's decoration atmosphere was good, the scenery outside the window was also very good, and Mr. Mokin, who received the news, also came, and after saying hello, he took a document from the secretary.
The actual controller of the Empire State Building United Company, Mo Jin, handed over the document to Su Mu and asked: "Look at this plan, then our actual profits have decreased, the last time the rent was raised was four years ago, and now the rent in New York is rising so fast, and the Empire State Building, as the best office building in New York, is also time to raise the rent."
Your lawyer has privately said that we have turned the Empire State Building United Company into a high-end slum, and there is a real problem with the previous decision, so if the tenants renew the lease in the future, the rent will be increased by 25% on the previous basis, and the strength of the tenants and companies will be reviewed, do you think this is okay?"
After listening to this, Su Mu paused slightly, he didn't think the other party had good intentions.
After figuring out the key issues, he rolled his eyes in his heart, probably feeling that the shares he held were enough to threaten Mokin's actual control of the company, so this guy dug a pit for himself.
As long as he agrees to increase the rent, and Mokin turns his head and says to the tenants that it is his own suggestion, then no tenant will continue to support him in the future, which is completely equivalent to unloading the mill and killing the donkey, and he will increase the rent price as soon as he becomes a shareholder of the company, and he will inevitably be scolded.
However, the idea of improving the quality of tenants in the building was already in the interests of Su Mu, and he was already busy to death, and he didn't plan to get too involved in the affairs of the joint company, so he replied quickly: "Yes, this is really great, in my opinion, the Empire State Building should be the most exclusive office building in the United States......"