Chapter 694 Wall Street has a lot of backhands
"Wang An, what do you mean by this? You must not be fooled by that guy Gu Biao! This is completely extraneous! In your current situation, the best choice is to obediently accept the overall reorganization arrangements of our Citi side and not interfere in the specific measures of the reorganization......
Gibson, who was in New York, immediately felt a little unhappy after receiving a call from Wang An. 】八】八】Read] book, .@.∞o
Financial institutions don't care about the life or death of enterprises, they only care about cashing out.
Therefore, how can banks be willing to sacrifice some of the efficient and despicable means that may be used in the reorganization for the sake of the long-term competitiveness of the enterprises?
"If you don't accept it, I won't sign the reorganization agreement, you can just sell my equity, and I'll treat the 45% equity as if it doesn't exist, and whoever likes it will buy it." Rather than watching your company get killed by an unscrupulous CEO, it's better to treat it as if the equity doesn't exist. After Wang An was picked up by Gu Wei, he was very resolute on this issue.
"This ......" Gibson couldn't spit out a mouthful of old blood, but he could only force the unhappiness, first appeased Wang An, so that the other party would not see the flaws, and then expected to let the people from the legal department work the terms, so he immediately changed his words,
"Wang, I know you must have listened to some slander, it doesn't matter, we at Citi have always been the most considerate for our customers, you can talk about whatever clause you want to add to the reorganization agreement, don't hold this kind of conflicting mentality......
Wang An relaxed his guard, made an appointment to negotiate another terms, and then hung up the phone.
"FxcK!" Gibson dropped the phone directly.
He thought about it, asked Mr. Ronald and the CEO of Citi for instructions, and then the next day invited their original CEO candidate Wang An, Mr. Edward Miller, to Citi headquarters. 、
……
“…… This is the case, Wang An himself is not energetic, and he doesn't have that skill, so he wants Gu Biao to eat dog with us, so that he can maximize his own benefits.
Gu Biao is now wishing that you would be driven away by Wang An if you failed to reorganize, and then he could count on Wang An to completely tear his face with us, enforce the pledge in official business, and suppress our price.
Therefore, after the agreement is reached, when you go to Wang An's side to do things, you should be careful, don't catch him those things that are too obvious, at first glance, sacrificing the company's long-term competitiveness, in exchange for reducing the cost to make beautiful short-term financial statements.
We will also try to write these prohibitions in the restructuring agreement a little more obscurely, so that you have room to play the side ball, but you should also pay attention to it. %∷8%∷8%∷Read%∷Book,.≮.※o"
As soon as they met, Gibson explained all the precautions to Edward Miller, and repeatedly told Miller to be careful.
"Gu Biao, it's a rare challenge to be able to fight against such a marker. Edward Miller was not afraid, but excited.
It's the kind of excitement that makes the top financial traitors on Wall Street excited when they are aroused by the bloodthirsty and treacherous instincts of wolves and foxes, and their eyes glow green.
"Edward, be upright! Don't underestimate Gu Biao. Gibson thought that the other party did not accept the beating, and he couldn't help but feel a little unhappy.
"Don't worry, of course I'm going to give 100 percent of my strength and respect an opponent like that. Gu Biao can write "The Innovator's Dilemma", and can also lead the hollowing out of Texas Instruments case three years ago, and his ability to create and discern false financial prosperity is naturally not under me. Edward Miller solemnly stated.
"It's good to know, so what are your plans?" Gibson wiped his nose, seeming to be confused.
Edward Miller shrugged: "To put it simply, the general direction is: after I go to Wang An, I can't explicitly withdraw the R&D department and other expenses. To sell one patent, you need to buy two patents. If you fire a high-paid engineer, you need to recruit two low-paid engineers.
Instead of even hiring low-paid engineers, we have turned business customer service into technical support, disguised technical support as R&D engineers, and even restructured the organizational structure of newly recruited market development personnel to define technical support......
Anyway, what I have is a way to make sure that outsiders don't see that I'm driving down R&D costs like crazy, and they're just going to see that I'm lowering 'costs that have been wasted due to redundancy and inefficiency'. As for the more specific operation, I have to see the trick, and I can't tell you now.
Edward Miller's trick was often used in the late 80s and early 90s when Americans were facing economic downturn.
As we all know, the classic quote "Fool, the problem is the economy" when Clinton killed the old immortal in 92. It can be seen that in the late years of Li Gen and Lao Budie's tenure, the US economy really had big problems, otherwise the people would not have been so dissatisfied.
It was Clinton's rise that led the most rapid wave of peacetime growth in U.S. history, with GDP rising for 80 months and unemployment falling.
But in fact, whether it was the bursting of the Internet bubble at the beginning of the century or the 08 subprime mortgage crisis, every time the economy failed, the opposition file attacked: Clinton's so-called job creation and unemployment reduction back then were completely false.
Because it is a kind of job creation in which "one high-paying job is cut and two low-paying jobs are created, and the combined cost of these two low-paying jobs may not be as much as the high-paying job that was lost."
Basically, it is to eliminate a position in the annual salary range of 40,000 or 50,000 US dollars, and create 1.5 jobs in the annual salary statistical range of less than 19,000 US dollars.
Of course, Clinton cannot be blamed for this, this is caused by the process of globalization. After the collapse of Lucia, the global industrial transfer of the United States has entered a peak, and the low-end labor force of the United States has to compete with its global peers.
Therefore, it is not easy for Clinton to create more jobs, even if the total salary is lower after more jobs.
However, the capital market and financial market need to cover one thing for this trend: the hollowing out of your company's technology and production is, after all, not good-looking on the financial statements.
To cater to the national investment preference, you have to abandon American workers without letting the public see that you have abandoned American workers. Not only do the table words, but also set up the archway.
Therefore, the cost management masters on Wall Street, that is, in the past few years, have figured out this set of tricks that "not only cater to the trend of job creation, but also do not seem to reduce the competitiveness of enterprise scientific research".
I did fire a lot of local engineering staff, but while I fired them, I redefined customer service as a technical post and disguised other sales posts as technical posts.
While selling high-priced patents, they are also buying more high-volume patents that have no commercial value, are cheap, but can be used for façade.
And since Edward Miller is a trusted reorganization trader on Wall Street, he is also clearly a pioneer in the exploration of this kind of operation.
It is not surprising that he thinks that his tricks are ahead of his time and can even be concealed from Gu Wei.
Because if there is no time-traveler, Miller's tricks are really awesome, can deceive the vast majority of people in the same period of history, and can withstand the verification of parallel time and space history.
……
After a week of negotiations on the details of the reorganization agreement and a week of running-in in office, Edward Miller temporarily succeeded in conditionally taking over the management of Wang An Computer Company and bringing down the reform and rectification plan he was going to implement to the grassroots level.
It will take some time for specific implementation and adjustment.
Since May last year, many senior scientific researchers of Wang An Computer have left because they are not satisfied with Wang Lie's strategic layout and direction arrangement. Coupled with the recent sharp drop in stock prices and the ups and downs, there are only half of those who can stay at this moment and still do things faithfully.
However, these people were dragged into separate negotiations by the hR division brought about by Edward Miller, and asked them to understand the company's plight, accept a pay cut, and tell the company to lay off employees.
The labor protection laws in the United States are very perfect, and since the late 70s, organizations represented by the three major automobile dealers in Detroit have made the protection of American workers very high. Therefore, it is very difficult for an enterprise to break the contract and terminate the labor contract alone.
However, when the company encounters a business crisis, it is okay to engage in proportional layoffs.
Suddenly, the internal undercurrent of Wang An's computer was boiling, people's hearts were scattered, and many technical backbones had found another way out.
Many of these talents are usually seen by other peers, and they are worth excavating, but unfortunately now because the stock market crash has not passed, Apple or Mdore is difficult to protect, so they can only look at it.
Only IBM, because it joined forces with Microsoft, built a good momentum, and seemed to represent the "future direction of the personal computer industry", so it escaped the crisis of the stock market crash the fastest, with abundant cash flow on hand, and poached a group of high-priced talents.
However, in addition to IBM, there is naturally another big poacher, that is, Tiankun.
Gu Biao's companies are not listed companies, and the stock market crash has nothing to do with him. He doesn't have to worry about additional collateral or margin, so he naturally doesn't have to worry about cash flow.
In addition to the massive loss of talent, Edward Miller's other arrangement is to use Wang An's current technology as much as possible to cash out at a higher license fee or transfer fee.
After all, the benefits of many patents are slowly recovered in five years, ten years, or even more than ten years. And if you sell it all at once, you can get back a lot of money in an instant. This will look better on the year-end financial statements.
At the same time, as long as you buy more or apply for more spicy chicken patents, and then create some litigation atmosphere, it will be like a little bit, and shareholders will not know the difference between the value of the valuable patents sold and the new ones.
The so-called "creating some litigation atmosphere" here is to deliberately fight left and right, find some affiliated companies under their control, and infringe on the patents newly developed or purchased by Wang Anxin, so that it also seems that these patents are not just pure data, but really valuable, and some people are willing to infringe.
is like a masked woman, who walks in front of the public, and the public doesn't know if she is good-looking, and who is beautiful with the world-class supermodel who has just been transferred away at a high price.
But if someone wants to violate the law and go to jail to violate the law, then the people who eat melons will definitely think he is very beautiful.
Wall Street has a lot of counterfeiters. 11