(.) In order to change the passive situation, Samsung Group is particularly eager for the new Symbian system of Bell-Nokia United. But now the other party is taking advantage of the fire to rob, and the conditions offered are also difficult for Samsung Group to accept. Others are good, but the share exchange cooperation plan proposed by the Bell-Nokia joint company makes Lee Jae-hyun a little undecided, although the proportion of the share exchange is not large, it will not affect the shareholding structure of Samsung Group, and the argument from the other party that this request is also reasonable

The key issue is the issue of the Korea Fair Trade Commission, which, according to the Bell-Nokia alliance, cannot guarantee that the joint company will be treated in the same way as Google if a share swap agreement is not reached. If this happens, the reputational and economic losses of the joint company will be huge, and it is the most appropriate choice to carry out a share swap between the two parties under the premise that there is no guarantee.

For a while, the two sides were at a stalemate over this matter. Negotiations have entered a dilemma, and Samsung Group is facing more and more problems, especially after Google officially announced its withdrawal from the Korean market, the number of Samsung smartphone sales in South Korea began to plummet.

This time, Lee Jae-hyun was a little panicked. Don't look at the fact that their father and son have now been given the positions of chairman (chairman) and president of Samsung Group, but don't forget that Samsung Group has been an industry that Lee Kun-hee has been operating for decades, and from top to bottom, it has long been deeply branded by Lee Kun-hee.

Although Lee Kun-hee has now left Samsung Group, and there are many people who scolded Lee Kun-hee because of financial problems. But people are often like that, when you lose something and suddenly miss it, the same is true of people. Those shareholders who scolded Lee Kun-hee before, and even colluded with Lee Meng-hee and his son to raise a no-confidence motion in the board of directors, are nostalgic for the Lee Kun-hee era in this situation.

In their opinion, Lee Jae-hyun is far inferior to Lee Kun-hee in terms of ability and management methods, including judgment in dealing with crises, and if Lee Kun-hee is still there, Samsung Group will not be in a dilemma now, and will definitely be able to come up with a convincing solution to solve the problem.

It's easy to say, but it's hard to do, and Lee Jae-hyun gritted his teeth angrily about these remarks. They were the ones who scolded Lee Kun-hee for being incompetent, and now they are the ones who only know their own interests and ignore reality, and they are almost nothing practical except for going back on their word, and Lee Jae-hyun, who is angry to the peak, also knows very well in his heart that the problem of the operating system must be solved as soon as possible, so Lee Jae-hyun finally made a decision and instructed the delegation to negotiate in Europe to agree to a limited partial share exchange cooperation with Bell-Nokia.

This share swap is not much in terms of overall proportion, and it is not even a big event. Because from the perspective of the huge Samsung Group, the Bell Nokia United Company has only obtained a short stake in Samsung Electronics, a subsidiary of the Samsung Group, and this part of the equity is more than symbolic, just as the Bell Nokia Joint Company proposed, just a means to circumvent the Korea Fair Trade Commission.

In addition, the authorization of the new Symbian system, including the cost of using the operating system, Bell-Nokia United Company gave Samsung Group and LG Company the same treatment, which Lee Jae-hyun was basically satisfied with. In addition to paying some equity, Samsung Group did not lose anything, not to mention that while paying equity, Samsung Group also got shares of Bell-Nokia United?

After the agreement was signed, Lee Jae-hyun immediately asked people to publicize the cooperation and make a big fuss in the media. For a while, after learning that the Samsung Group was supported by the new Symbian system and held the shares of the Bell-Nokia United Company (not a word about the share exchange), the South Korean people suddenly became excited, and these Koreans who were easily excited seemed to think that their big Samsung Group had acquired the Bell-Nokia United Company, and even some did not understand the difference between the United Company and Nokia Corporation.

For a while, Samsung's smartphone sales suddenly rose, and even the stock price began to stop falling and rebound. And the guys who scolded Lee Jae-hyun for not being as good as Lee Kun-hee before also changed their tunes and praised him for his decisiveness and wisdom. Regarding these changes, Lee Jae-hyun couldn't laugh or cry on the one hand, but on the other hand, he was also a little complacent, feeling that even if Lee Kun-hee was in power, he might not do better than him.

Towards the end of the year, as everyone began to forget about the Lehman Brothers bankruptcy and the financial world, which seemed to have been hit hard, gradually recovered, an event that no one expected suddenly happened.

In fact, in November, when Bell-Nokia and Samsung were negotiating a new Symbian system, the event was foreshadowed. In February, just before Christmas, a bubble once considered a miracle on Wall Street finally burst, and Madoff's Ponzi scheme finally came to an end, revealing the dark curtain behind it.

When the Madoff affair was revealed on the first day, the vast majority of people did not believe it was true. You must know that Madoff is a well-known figure on Wall Street and even in the entire world financial community, and his fund has been almost eight years since 2o1, and he has never had any problems, and he has always believed that the fund with a high rate of return and a good operation has always been.

But when it was reported internally that Madoff's Ponzi scheme had caused a huge loss of $600 million and had an extremely wide impact, all the media, including individuals, were silenced at once. It is not an exaggeration to say that it is not an exaggeration to say that after the subprime mortgage crisis and the bankruptcy of Lehman Brothers for more than a year, the revelation of the Madoff incident is tantamount to pressing the last straw on a camel that has become extremely tired.

Two banks, financial institutions, and individuals have directly lost more than $100 million, not counting the losses suffered by ordinary middle-class people who buy the Madoff Fund. Madoff's Ponzi scheme is not the largest if you look at the loss of money as a whole, but it is the most serious when you look at the number of people who have suffered and the scope of coverage.

Taking institutions and banks with losses of more than $100 million as an example, the three largest losses were fatrftdgvcc, Massmutual Financial, and Santander, with $7.5 billion, $3.3 billion, and $2 respectively. billion dollars. There are also $2.1 billion from the Bank of Austria, $1.8 billion from CFPATUA and $1.4 billion from the New York Investment Bank...... For a time, the entire financial market was full of wails and heavy losses.

(I went to the Chinese New Year's Eve dinner, I wish you all a happy Chinese New Year!) Happy Year of the Goat!)

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