The United Group implements a tiered management position model, which is divided into three lines: administrative, operational, and technical, with a total of 3 levels and 15 levels. Administration and management level 1 are Contini himself, Antonio is administration and management level 2, including Leo, Dr. Toth, Francisco and other senior management are administrative or management level 4 (assistant to the president level), level 4 or above (inclusive) is senior management; The director of the functional department of the headquarters and the general manager of the first-level subsidiary are administrative or operational level 6 (director level), their deputy is level 7-8 (deputy director, assistant director), the department manager of the first-level subsidiary is level 9, the deputy manager is level 10, the assistant manager is level 11, the level 5-11 is the middle management, and the level 12 (section chief), level 13 (deputy section chief), and level 14 (assistant to the section chief) are counted as grassroots managers.

The group stipulates the implementation of a strict reporting system and the operation in charge, generally each subsidiary reports to the plate, and the person in charge of the plate reports to Contini or Antonio, which generally requires step-by-step or cross-level reporting, and can report beyond 5 levels when necessary or urgent. Finally, in order to ensure that the flow of words is clear, all managers can report to Contini or Antonio by letter through the president's mailbox.

"After Zakaria's transfer, the administrative secretary continued to be selected, and Monica was temporarily appointed in the short term, and at the same time increased the management authority of the rationalization suggestions on employee life and company logistics in the president's mailbox, and the level was upgraded from 10 to 9 levels......"

The president's mailbox is a big basket, with all kinds of brain-opening things - rationalization suggestions, all kinds of wild ideas, black technology ideas, Contini attaches great importance to this, although he has a crossing bonus, but after all, he only has one head, not particularly famous things need to be reminded to wake up, isn't it a hundred waves and more breath is not completed after Domak's reminder? Therefore, he attaches great importance to the president's mailbox, and believes that this is a model of democratic management and scientific decision-making of the United Group, and the huge team of secretaries is the best helper to deal with letters.

About black technology is Contini's personal purpose, because contemporary people are greatly influenced by the mindset, they think it is reasonable, Contini knows that it may not work, they think it is absurd, it is likely to become a thing in the future, as for what is actually effective but has been stifled because of historical prejudice, Contini thinks that there must be, but he can't control this, he can only use history as an evaluation criterion.

Antonio knew a little about Monica, because the old Ciano couple had mentioned to him and asked him to pay attention: the current treatment given to Monica is based on her consistent performance and identity, and if she can't get in the right position and get carried away in the future, then Agnes will not hesitate to take her away - feelings to feelings, career to career, otherwise why didn't Contini let Adriana be the press spokesperson of the United Group and let her stay in the IBC? At first, he thought that Monica was going to take over Zakaria's work, and he was taken aback, but he was relieved when he heard this arrangement - go to bed and go to bed, the young master is still not ambiguous in doing serious things, and it is not surprising that level 10 is promoted to level 9, Monica has been working for 4 years, and her performance is very good in all aspects, so it is logical to be promoted to one level.

"I recommend that Baresi, Deputy Director of Human Resources, be promoted to the position of Chief of Staff of the President (Level 6) and appropriately weaken the authority of the Executive Secretary." Antonio said, "Theoretically speaking, the five secretaries in the office, the administrative secretary, the life secretary, the security secretary, the text secretary and the information secretary are at the same level, but because Zakaria was the most outstanding and the level was set at the highest, it became the fact that he was in charge of the five secretaries, this situation is not conducive to the balance and development of the secretaries, nor is it conducive to the harmony of the relationship, so it is necessary to choose a good director, but the new administrative secretary can be low-matched, as for Monica......"

Monica was nervous, she didn't know what Antonio was going to say about herself.

Antonio smiled: "Set level 8, the people around the president are all level 8, so you need a bowl of water." ”

Now it was Contini's turn to blush: not because of level 8 or level 9, but because this sentence was meaningful, Antonio seemed to know Monica's cattiness, which made him a little embarrassed, but now that Antonio proposed, Monica was present again, how could he refuse?

So he said, "Since this is the case, then it is decided......

Monica whispered, "Can I say anything about me?" ”

Antonio smiled: "Of course, you say ......"

"It's better to give me a level 9, I don't want level 8, and I don't meet the criteria for promotion to level 8——— I am 2A2B in the 4-year assessment, only 3A can be promoted to level 2, I can't make an exception for no reason, I will work hard, if everyone thinks that my work meets the standards and meets the expectations of the president, I hope that I will have the opportunity to discuss my promotion in two years."

Monica is a smart person, she knows that it's useless to pat her ass, especially to pat Contini's fart, don't look at the president's own piles of sycophants in front of the leader, it's just that the leader likes these things, and he is extremely disgusted within the United Group, so doing a good job is the king, and if the work is done, even if Contini doesn't want to see her, she can also go to Agnes to complain about her coquettishness, and if she doesn't do her job well, even if Contini has slept with herself? Then he would sweep himself out of the house, find a place in Switzerland or something to raise as a canary, and come to see him a few times in a few times—that kind of life would go crazy for her.

Leo looked at Contini, then at Antonio, then at Monica, and finally smiled: "I think I respect Monica's opinion." ”

"The second thing, Leo, how much of the remaining capital of the convertible bonds has been transferred to Italy?"

"Almost $500 million, plus $300 million in gold — all in Union Bank."

"How much loan principal and interest are to be paid in September?"

"$150 million here in the United States, 800 million lira in Italy...... Do I want to apply for a refinancing? ”

Contini shook his head: "Don't apply for the time being, sell some of the shares, and sell those shares that are unpledged." ”

"That's almost 600 million!"

"Gradually reduce holdings, gradually return, slowly retreat, be cautious, do not interfere with the market, and the risk of excessive leverage must be released."

After the meeting ended, Antonio smiled at Contini and said, "Young master, although the beauty is good, you must prevent flashing your waist......"

Contini complained: "You laugh at me too...... If I wanted to move her, I would have moved a long time ago, and I would have to wait 4 years? ”

"It's not too late for 4 years, Madame is right, I think it's good to observe and communicate more."

Contini didn't expect that Angnes had already told Antonio, and he immediately made a big fuss, but this matter was also beneficial to Antonio's work, and he was immediately relieved.

On September 11, following Contini's opinion, Antonio made people reduce their holdings of American radio worth $18 million, but the splash did not float and was directly absorbed;

On September 12, another 39 million U.S. radio and 40 million general shares were reduced, and the market continued to accept it, but the two stocks that were reduced did not rise as well as other companies that year;

On September 14, it reduced its holdings of 40 million airlines;

On September 19, it reduced its holdings of 60 million bank shares;

On September 24, it reduced its holdings of coal and railway stocks by 58 million;

On September 27, it reduced its holdings of Alcoa by 70 million;

……

From September 11 to October 19, Contini reduced his holdings of 600 million shares, and although the stock market as a whole was still upward, Antonio made a strange point in his report: "It seems that there are still people who are reducing their holdings, and they are staring at the pace of our reductions." ”

Contini smiled: "I know who it is, I talked to this guy once, his name is Livermore......"

"Young master, don't you judge that the stock market will continue to rise? Why are you starting to reduce your holdings now? ”

"Because we are too large, if we smash it all at once at the highest point, the market will not be able to bear it, and the impact will be too bad." "It's essentially money that's driving stock prices up, and now that the Fed is starting to tighten monetary policy, I'm going to pay back the loans and let these banks release the money back into the stock market so that someone can take our order," Contini explained. ”

On October 24, the United Group repaid the loan and issued another statement considering signing an additional $1.8 billion contract and paying a deposit, and then the companies set off a wave of increases.

The boom in the stock market and the improvement of the economy made Herbert Hoover more confident in the presidential campaign, on November 6, he won the 1928 election with an absolute advantage, when the American people took to the streets to celebrate Hoover's election as president, the stock market also seemed to be on a rocket, rising very high, this election made people curb the panic to a certain extent, more confident in the big bull market, and the new expectation of shareholders is "another 4 years of prosperity"!

Contini issued an order to continue to reduce his holdings by $400 million in November, while using the proceeds to pay companies an additional $200 million in contract deposits.

Along with the news, the New York Times published a news item, "...... We express our condolences and condolences to the family of Mr. Franklin D. Roosevelt, a well-known lawyer and Democratic candidate for governor of New York, who was hit by an out-of-control truck on his way to the hospital yesterday...... It is reported that the vehicle involved in the accident was a 10-ton general purpose heavy-duty truck, the driver was of Italian descent, had been working in the United States for many years, and has been controlled by the police, and no signs of alcohol or psychotropic drugs have been found for the time being, and may face up to 7 years in prison for the crime of causing a traffic accident......"

The risks that Contini was expecting have finally been partially unleashed......