Back To 1995 - Chapter 957

  Chapter 957 Eventful Autumn

It is not just one or two groups of people who want to **** Enron’s legacy. The Federal Bankruptcy Court, the Federal Securities Commission, and the gentlemen of Capitol Hill have all issued statements one after another, declaring that they will “supervise and deal with” Enron’s legacy , It is obvious that it is fighting for the right to deal with Enron. Enron has not declared bankruptcy over there, but it has started to rob Enron’s inheritance here, and the dog’s brain is about to come out.

   On the second day, when she returned to Washington, Ella Cherry also saw news from Adelphia TV station in a newspaper.

“Adelphia Television, which is deeply involved in financial fraud and debt litigation, and the Rigas family of its founder, have formally reached an out-of-court settlement with the Federal Securities Commission, the Federal Department of Justice and other agencies. Here, the Rigas family needs to pay 750 million US dollars. The knife is used to compensate investors who invested in Adelphia TV for losses!

  In order to avoid lawsuits, Rigas Housework agreed to hand over the family’s 14 cable TV networks worth $1.5 billion, as well as convertible subordinated debt notes worth $567 million, which accounted for 95% of the Rigas family’s worth! “

Obviously, the fate of Enron, the founder of WorldCom, and a group of executives scared many people. In order to avoid the same fate, the Rigas family chose to go bankrupt and hand over the family property. In order not to go in and step on the sewing machine!

  The events of WorldCom and Enron obviously affected countless people. On the second day after the trial of Enron Company, Enron Group declared bankruptcy without any surprise.

If you don’t declare bankruptcy, what else can you do? The two presidents before and after are dead, and those who go to the federal prison will go to the federal prison. As for more than half of the executives, they will be wiped out directly. In addition to a pile of debts, it would be impossible to maintain it without declaring bankruptcy at this time.

Countless media and reporters have witnessed Enron’s curtain call, and some media even conducted a full live broadcast, allowing countless people in Houston and America to witness with their own eyes that the LOGO lights of Enron’s headquarters building began to go out and then were picked off. The employees queued up to leave the Enron headquarters building with their luggage. The Enron brand basically disappeared from the world!

  Enron was relieved, but the turmoil detonated by Enron’s thunder did not end. The Houston federal court began the trial of Andersen.

Like Enron, many senior executives of Andersen were also investigated. Just like at the beginning, David Duncan, the president of Andersen’s Houston office who had a relationship with Song Yang, also appeared at the gate of the Houston Federal Court in embarrassment. .

Back then, when Song Yang had just debuted, David Duncan offered an olive branch to Song Yang and asked Song Yang to hand over the financial audit of Double-click Company to Andersen. At that time, Double-click Company was just a small company that had just debuted, but Andersen was One of the top five accounting firms is indeed Gao Pan.

It’s just that Song Yang didn’t dare to take over the olive branch thrown by David Duncan, and always kept it at a respectful distance. For this reason, after Song Yang started his career, David Duncan approached Kenneth and wanted him to be a lobbyist. Let Song Yang become a customer of Andersen, but Kenneth raised his mouth, and seeing that Song Yang was not interested, he decisively gave up soliciting customers for Andersen.

   “Andersen is about to fall!”

  Watching the news on TV, Greg, who was sitting next to Song Yang, shook his head and said, “It is inevitable that Andersen will be banned from engaging in accounting affairs!”

   The big thunderstorms of WorldCom and Enron happened one after another, and all of them were reviewed by Arthur Andersen. This means that there is no ghost, and no one will believe it.

  In addition to the rumors, David Duncan had someone burn the financial documents related to Enron. Basically, there was no silver three hundred taels here, so he didn’t ask himself.

Enron’s scapegoat, Jeff Skilling, has taken the blame, and Enron and WorldCom’s blame must be borne by someone. Such a big thunder, if Andersen does not bear it, it is difficult for the Federal Department of Justice, Federal Securities Can’t the committee memorize it? !

   Andersen must die. This is an absolute thing. Being banned from engaging in accounting affairs basically means that Andersen is definitely doomed.

   Song Yang watched the news on TV and let out a sigh of relief. Too many things happened this year. Countless old giant companies collapsed, almost the end of an era.

But life has to go on. The earth will not stop turning just because someone is missing. If the old giant companies fall, there will naturally be companies that will replace them. These are certain things. Eat two bites!

  Song Yang will return to Houston this time, and he will basically stay until the coming Christmas. It is a troubled time, so it is natural to be a little bit better.

   There is no need to go all the way to the top of the gun. Wait until Christmas is over and see who will win the throne of the commander-in-chief. It is not too late to make plans. Then is the best time to cut leeks!

   Song Yang returned to Houston, and naturally there were many people who came to visit. Before noon, many people gathered in the villa.

   “Song, President Ballmer and Director Bill Gates, let me say hello to you for them!”

   At Kenneth’s funeral, Todd, the president of Microsoft’s public relations department, who had a quick meeting with him, made a special trip to visit Song Yang, showing very humble.

   There are still many people sitting in the villa. Meg Whitman, the dual president of Double-click and eBay, Omidyar, the founder of eBay, and his wife Pam, who just got married this year, are all in the villa.

  Todd’s attitude towards Song Yang is very subtle. This time, his attitude is even more low. In other words, Todd feels that every time he sees Song Yang, his attitude is a little lower.

  Just from what Todd said just now, one can hear the changes within Microsoft, Ballmer has taken power, and Microsoft has officially entered the Ballmer era.

   “Say hello to President Ballmer and Director Bill Gates for me too!” Song Yang also said to Todd, pushing a glass of wine in front of him.

Todd has a tired look on his face. During this period of time, he brought people from the public relations department and flew all over America to publicize the states of America. He wanted them to let Microsoft go and reach a settlement agreement with Microsoft. After all This job is done by the public relations department. If he can’t do it, then the board of directors of Microsoft will immediately replace someone who can do it as the president of Microsoft’s public relations department.

  As for how much Todd has done for Microsoft before, no one cares at all at this time, and no one has any feelings for him.

  Looking at Song Yang in front of him, Todd couldn’t help sighing in his heart. Every time he saw Song Yang, his feelings were completely different, and his attitude towards Song Yang also changed step by step.

  Back in the day, Todd met Song Yang for the first time, when Microsoft and Netscape were in a dark battle. In order to gain a firm foothold on the Internet, Todd met with Song Yang on behalf of Microsoft and wanted to acquire the Hotmail mailbox in Song Yang’s hands.

  At that time, Todd’s status was far superior to Song Yang’s. He was the president of the public relations department of Microsoft, a behemoth. Song Yang was just a “rookie”, so Todd naturally had an advantage.

When they met for the second time, the identities of Todd and Song Yang changed quietly. The second time, Todd represented Microsoft and wanted Microsoft to cooperate with the Sega game console that Song Yang had just acquired, allowing Microsoft to enter the At that time, Song Yang was already an upstart in Silicon Valley in the game console market that he dreamed of.

Afterwards, every time he met Song Yang, Todd’s status became lower unconsciously. He saw with his own eyes that Song Yang’s worth surpassed that of his family’s big financier, Bill Gates, and became one of the biggest names in the technology industry. One of the handles, coming here today, is even asking for something, and Todd’s attitude is much more humble!

  (end of this chapter)