Chapter 292: The WorldCom Incident
Although aTT was swallowed up by the casT group, aTT is still the world's top 5oo company, occupying an important position in the telephone business, fixed network business, and telecommunications business in the United States, and relying on the resources of casT, aTT is very likely to account for half of the broadband fixed access business in just a few years.
Frank looked up and saw that it was Yu Jun and Ellison, and was stunned for a moment before walking over quickly.
"What are you dangling here alone?" Ellison asked with a smile.
He and Frank are also old acquaintances, and Oracle and aTT have also cooperated.
"Nothing, come to New York to do something." Frank said.
"If it's all right, go upstairs and sit down, Teprang is upstairs." Yu Jun invited.
"Then, let's go." Frank deliberately wanted to shirk it, but after thinking about it, he agreed.
Taking the elevator directly to Teplan's office on the top floor, Yu Jun suddenly thought of why the boss likes to be on the top floor, even he is like this, probably because there is a special feeling of domination in the world when he is on the top floor, which may increase the employee's sense of awe of the boss.
Teplano was working on a business plan from Las Vegas, and when he saw Yu Jun, he threw aside the text he had in hand, laughed and gave him a bear hug, which made Yu Jun almost suffocate.
"Hey, Teplan, you know the strength of your hands, and if you're going to get knocked out, I'll have to trouble you." Ellison shouted.
Teprang laughed and let go of his hand, but Yu Jun was panting.
Walking over to the terrace and setting up a wine glass and drinking two glasses, Ellison saw that Frank was still a little sullen, so he asked, "Something on your mind?" Isn't it Carly? "
Teprang cast an ambiguous look at Frank, and Yu Jun laughed too.
"It's a matter of the world......" As soon as Frank spoke, he realized that he had revealed the news, and his mouth suddenly pursed.
But at the beginning, it was difficult for Ellison and Teprang not to ask, and it was Yu Jun who paid attention to Frank.
The full name of WorldCom is World Communications Corporation, the English name is, is the second only to aTT in the United States long-distance telephone operating company, in the field of the network is also a large number of times, in fact, since the establishment of WorldCom in the past 2O years, he has moved nearly 7o mergers and acquisitions.
Puscrve, the company that was the first e-mail service company, is also part of WorldCom, which has more than 80,000 employees, 2ooo customers, and thousands of corporate customers, and has a global digital network.
The plan to merge with Sprint in 1999 amounted to more than $1.2oo dollars, and although it was not approved by the European Union and the United States due to monopoly reasons, it can be seen what kind of company WorldCom is.
If Frank hadn't mentioned it, Yu Jun wouldn't have thought of the company, but he would have known it in his heart.
The year 2oo2 is basically a year of false accounts for giant American companies, and in June, Enron had an accident, and the world's four largest accounting and auditing companies were forced to go bankrupt because they made false accounts for themselves.
It has caused a lot of losses to JP Morgan, Citibank, Deutsche Bank and other enterprises.
And then there are a series of giant enterprises such as WorldCom and Xerox because of false accounts, especially WorldCom and Xerox, both of which benefited from the high-growth enterprises of the Internet in 1998 and 1999.
And when the dot-com bubble ended, it was time for something to happen.
Yu Jun saw that Frank was still reluctant to say that he was not in a hurry, so he walked aside and picked up his mobile phone to call Chu Haowei.
If something happens to the world, the related companies that invest in the world will be affected, using the short mechanism, but it is an opportunity to make quick money, as long as the layout is properly arranged and there are many companies involved, it is not a problem to make 2oo3oo billion.
"Hey, Frank, you're talking." Ellison said dissatisfied.
How can there be half a word, doesn't that make Ellison's heart hang in the air, and there is no way to fall?
"Can't tell." Frank shook his head.
His source is an old colleague who used to be in aTT, and now he is the vice president of WorldCom, and his old colleague speaks to the point, but as a smart person, he is keenly aware of the meaning of the words.
And he frowned because the incident that seemed to be beneficial to aTT's market competition would actually cause a wave of antitrust again, after all, if aTT filled the market vacancy of the world too quickly, it would attract the attention of the US antitrust authorities.
Ellison even asked a few words, but Frank didn't say anything, and when he saw Yu Jun walking back, he said, "You come and ask him." "
Yu Jun shrugged and said, "Don't ask, I know what's going on." "
"Oh?" Teplan, Ellison, and Frank all turned around.
"What happened in the world is the same as Enron......"
Everyone's face has changed, and WorldCom is also making fake accounts?
Ellison couldn't help but ask, "How do you know?" "
"I have my intelligence network," Yu Jun stood up with a slight smile and said, "Okay, you can go to Los Angeles if you want to make any arrangements, I should go to Los Angeles at this time." "
Yu Jun's private helicopter had already stopped on the roof of the building, and Frank escorted him to the plane.
"If WorldCom's market value plummets, if you have the opportunity to acquire it, you will be WorldCom's BSP; Frank was stunned, was this an invitation?
"Think about it." Yu Jun closed the door and motioned for Xie Qing to leave.
……
Chu Haowei analysis of the WorldCom incident will make the global stock market stock index fall into the new bottom point of November 2oo1, and the lid of the WorldCom has not yet been opened, and it is expected that there will be 3 months of operation time, which is based on the usual investigation practice of the US Securities Commission, and considering the unique status of the WorldStone, this time may be extended, but at least not more than 3 months.
Now that it is certain that something will happen to WorldCom Meeting, Ellison, Teplan, and Yu Jun's intelligence network is the North American branch of the Commercial Investigation Department.
The news that the employees of the Investigation Department of the Securities Commission have settled in WorldCom has been heard, and most of this is still in the first period.
According to Chu Haowei's analysis, if it is operated properly, the income can reach 5oo billion.
……
South Korea's Central Prosecutor's Office and local prosecutor's office have involved almost all consortia in the ** case, although it is no surprise to ordinary Korean people, but Zheng Mengxian's death is still surprising.
And the various investigations have slowly come to an end.
Lee Kun-hee has no opinion on Jun's spin-off of Hyundai Group, and what makes him concerned is Yu Jun's curve to take a stake in Hyundai Motor. South Korea's heavy industries are mainly focused on steelmaking, minerals and shipbuilding, and automobiles are also available.
But the bankruptcy of Daewoo and Ssangyong cast a shadow over South Korea's auto industry, and the only thing left was Hyundai Motor.
The South Korean government's support is also very strong, and it is still the core asset of the Zheng family, but now it is involved in the affairs of a Chinese and an outsider, which makes Li Jianxi feel extremely uncomfortable.
I don't know what the two brothers Zheng Mengzhun and Zheng Menghao think, then Zheng Mengjiu is also very ruthless.
wanted to talk to Zheng Mengjiu but was rejected by him one after another, and now that Zheng Menghao has very few assets in his hands, the Mitsui family will not marry him again.
I can consider letting Lee Jaezen give it a try.
Lee Kun-hee called Lee Jae-chan to the study and put forward his opinion, but in fact, it was decided that with his attitude of saying the same thing in the Lee family or the Samsung system, where could Lee Jae-chan be allowed to have other ideas.
"Uncle, aren't I engaged to the Gu family of 1g?" Lee Jae-chan whispered.
Fourth, where can it be compared with the Mitsui family, Li Jianxi said coldly: "Push, they won't say anything." "
Lee had no choice but to agree.
Lee Kun-hee's intention was conveyed to the Mitsui family, and he was quickly answered.
"Hanako Mitsui?" Li drew three black lines on the top of Zen's head, and there was no such insult.
Lee Kun-hee didn't figure out what Mitsui meant, Mitsui Hanako and Zheng Menghao had a marriage contract in front of him, but he was inserted by Yu Jun, and the marriage contract was dissolved, so marrying Lee Jae-chan again is a bit too disrespectful.
"You fly to Tokyo and ask." Lee Kun-hee made such a decision after thinking about it.
……
Qin Xue's world tour began in early August, Yu Jun didn't meet her in Los Angeles, the villa was empty, and no one else was there except the housekeeper, cleaners, and maids.
After pouring a glass of water and drinking it, Yu Jun fell asleep in the sand in the living room.
When I got up again, it was already the middle of the night, and I asked the maid to fry a bowl of egg fried rice, and then turned on the TV to watch the news.
The television industry in the United States is extremely advanced, with many more channels than in China, and there are a variety of programs, in addition to professional channels such as discovery, there are also 24-hour news channels like the BBc, and there are even channels dedicated to the speeches of congressmen.
Late-night channels are a must-have, and there is no one in China, Yu Jun is alone in the living room next to the pool, and he doesn't have the leisure to watch any late-night channels, so he presses the remote control at will.
When the egg fried rice is ready, add soybean sauce and eat it, it is really delicious.
If you want to really build Xiling into a giant ship of the century-old family, there are still too many things to do, and it will take some time until Xiaoxiao, Xiaozhuzi, Yu Tong and others grow up, but this is all that must be done.
Many domestic enterprises are influenced by foreign management experts, saying that family businesses have many problems, in fact, it is a fallacy, Rockefeller has been six generations, and I have not seen any problems.
The main problem is the monitoring system and talent training, and the company's governance itself is not good, so whether it is a family member or a professional manager, there will be all kinds of problems.
Marriage is also a must, and it is also obvious to look back at the exhibitions of foreign foundations.
Yu Jun was in no mood to watch TV at all, and after thinking about it for a while, he fell asleep on the sand again.
……
Two more finishes