Rebirth of the Industrial Tycoon

In the conference room of the State Planning Commission, several economists gathered together again to discuss Enron's filing for bankruptcy.

Before the meeting started, someone had already begun to whisper.

"A company as big as Enron actually filed for bankruptcy. It's been less than a month since our last meeting. That Li Weidong really got it right."

"Li Weidong is really quite capable. He guessed all of this. That's Enron. If you say it's bankrupt, it's bankrupt. Who would have thought!"

"I think Li Weidong is not just guessing. He must have some judgment model that he didn't tell us. During the previous Asian financial crisis, his judgment was also very accurate. The entire process of the Asian financial crisis was completely based on Li Weidong's judgment at that time. Developed.”

"I remember that earlier, he predicted Japan's economic bubble. At that time, Japan's economy was still at its peak. Who could have imagined that it would fall into recession. As a result, Li Weidong was right."

"The Japanese economic bubble, the Asian financial crisis, and Enron filed for bankruptcy. Li Weidong said that whoever will collapse will collapse. Isn't this just a crow's mouth!"

"If you think about it carefully, it's really a crow's mouth, and it's not an ordinary crow's mouth. Japan, the world's second largest economy, was suddenly said to have collapsed by him, and the entire Asian economy was also said to be ruined. Now, the second largest energy company in the United States has been declared bankrupt!"

"It seems that the biggest economic black swan in the world is Li Weidong's mouth!"

"Isn't that right? Pele's crow's mouth can make people lose at most, but Li Weidong's crow's mouth can destroy a country's economy. This is simply a mouth that brings disaster to the country and the people! He has the best crow's mouth in the world. No one else!"

At this moment, Li Weidong also walked in. When everyone saw Li Weidong coming, they immediately stopped talking.

"Teachers, what are you talking about? Are you talking about me?" Li Weidong asked with a smile.

"Chairman Li, we are saying that your prediction is accurate!" A person who responded quickly replied immediately.

"Good luck, I guessed it right again." Li Weidong said modestly.

"This is not as simple as just guessing. Chairman Li, you should have used a prediction model, right? Can you tell us about it?" Another person asked.

"There is no prediction model. With my little economic knowledge, I can't build any model. I just base my judgment on daily experience."

Li Weidong paused for a moment and then continued; "Maybe because I am in business and am more sensitive to corporate profits, I have a premonition that something bad is going to happen to Enron Group!

This should be regarded as the intuition of entrepreneurs. Maybe you often lose money in business, and you will naturally develop this intuition when you lose money! "

The two experts who were more familiar with Li Weidong's family history couldn't help but rolled their eyes and asked, "When did you, Li Weidong, ever make a loss-making business?"

At this moment, Director Wang also walked in, and the conference room was about to begin.

Just listen to Director Wang say: "Enron has filed for bankruptcy. Everyone knows this, but we don't know much about it at the moment. After all, Enron is on the other side of the world.

Enron's filing for bankruptcy will directly affect the part of the project that Huafu Gas is responsible for, so I also contacted Lin Mancang, the general manager of Huafu Gas, to inquire about the relevant situation.

According to Lin Mancang's narrative, he believed that Enron's filing for bankruptcy would not have much impact on their projects. He mainly cited two reasons.

The first reason is that Enron is likely to be acquired by other companies. Energy prices have been rising in the past two years, and the natural gas business is actually relatively easy and profitable.

Natural gas is Enron's main business, so Enron still has many high-quality assets. Therefore, Huafu Gas judged that Enron should be acquired by other companies soon.

As long as Enron is acquired, the contract previously signed with Huafu Gas will continue to be performed, and the projects that Huafu Gas is responsible for will also continue. "

"I don't agree with this view!" Li Weidong said immediately.

"What's Chairman Li's advice?" Director Wang asked immediately.

"I think Enron should refuse acquisitions from other companies." Li Weidong replied.

"Why?" Director Wang asked with a puzzled look on his face: "Now Enron Company is obviously at the end of its rope, otherwise it would be impossible to file for bankruptcy.

If Enron could be saved by being acquired by other companies, then why not? At least there is a way to survive, which is much better than bankruptcy! "

"Yes, many domestic companies have faced difficulties in the past few years. They are all begging to be acquired or merged, so that at least the company can survive and employees can have a living. We have just experienced that era, how can Enron Maybe he will do the opposite and refuse acquisitions from other companies!" Someone next to him questioned.

Li Weidong immediately explained: "In the past few years, many domestic companies were indeed facing the crisis of bankruptcy and were then acquired or merged. Including myself, I also acquired several similar companies.

However, the main problems of these enterprises are all related to business operations, such as backward technology, aging equipment, products out of touch with the times, inadequate management, etc.

Enron was different. The main problem of Enron was not in business operations, but in accounting fraud. As everyone knows, falsifying accounts is a commercial crime and will result in criminal liability.

Moreover, given the size of Enron, the amount of fraud they committed must be extremely huge, and corporate managers will 100% be imprisoned, and their years of service will never be short.

If I were the manager of Enron, I would definitely not want to go to jail, so I would rather Enron go bankrupt than be acquired by another company.

Because once Enron is acquired, the acquiring party will inevitably check all the past accounts of the company. By then, the specific evidence that the management has falsified accounts will also be in the hands of the acquiring party!

So for Enron's management, if the company goes bankrupt, all evidence of falsified accounts will naturally disappear. But if it is acquired, evidence of falsified accounts will be dug out, but they will be jailed. They know how to choose. "

It is human nature to prefer a dead Taoist friend to a poor Taoist. If given the choice between the bankruptcy of the company and imprisonment, Enron's management would definitely choose the closure of the company.

What's more, over the years, Enron has paid high dividends to its management every year. The management has already made a lot of money, and many people can live a leisurely retirement life. So Enron will collapse!

"Academician Situ, what do you think?" Director Wang looked at Situ Jian again.

Situ Jian pondered for a moment and then said, "I agree with Chairman Li's point of view. We cannot ignore human nature."

Director Wang took a pen to record a few key points, and then continued: "Next, let me talk about Huafu Gas's second judgment. They believe that even if the acquisition fails in the end, the U.S. government will step in to rescue Enron.

Enron is the second largest energy company in the United States, which is equivalent to our country's Sinopec. Of course, they are the world's top energy giants, and their scale is much larger than ours, Sinopec.

Therefore, Huafu Gas believes that it is impossible for the U.S. government to let Enron collapse. At the critical moment, the U.S. government will definitely spend money to save Enron. As long as Enron does not collapse, the Huafu Gas project will continue.

Regarding this aspect, I also did some information collection, and I found that Enron was really involved in a wide range of things. Not only were major investment institutions buying Enron's stocks and bonds, but many ordinary Americans also invested their assets. Among them, many people even used their retirement funds to buy Enron bonds.

If Enron really collapsed, the consequences would be disastrous and many people's life savings would be wiped out. This impact is really too great, so I also believe that the US government will definitely save Enron. "

"That makes sense. How could the U.S. government ignore the lives and lives of its people?" Someone next to him immediately agreed.

Li Weidong thought to himself: You can be more confident and remove the word "how"!

At this time, Director Wang looked at Li Weidong again, and then asked: "Chairman Li, what do you think?"

"What do you think again, is Mr. Di possessed?" Li Weidong complained again in his heart, and then said; "Director Wang, I don't think the US government will take action to save Enron. As for the reason, it's similar to the reason. Some people don't want to jail.

As the saying goes, nothing happens overnight. Enron didn't just start to make false accounts recently. They should have been doing so for some years. But why hasn't anyone discovered it for so many years? No one questions it?

Is there a shortage of outstanding economists in the United States? Certainly not! The United States has the most Nobel Prize winners in economics in the world, and Wall Street is home to the world's top financial elites!

There are hundreds of members of Congress in the United States, and behind each member there is a huge staff team. There must be people who are proficient in finance in this staff team.

So here’s the question. I, Li Weidong, can see that there is a problem with Enron. Why can’t so many Nobel Prize winners in economics in the United States see it?

So many excellent economists can’t see that? Can’t you see the professional staff team of congressmen? Is it possible that their level is not as good as mine, Li Weidong, who graduated from junior high school? "

When Li Weidong said this, the experts in the conference room couldn't help but blush, thinking that we didn't see it either. Did you, Li Weidong, deliberately accuse Sang and Huai?

But when I thought about it, I realized that even the Nobel Prize winner in economics didn’t realize it, and I suddenly felt much more balanced.

Li Weidong continued: "Obviously, it is absolutely impossible that so many of the top professionals in the United States cannot see Enron's problems.

So the only explanation is that some people knew that Enron had problems, but they were vested interests, so they turned a blind eye to Enron's financial fraud, and even became Enron's protective umbrella.

Now that Enron's falsified accounts have been exposed, do those who protect Enron want Enron to continue to exist and become a time bomb, or do they want it to go bankrupt and wipe out all traces?

This is a very real problem, so I think it is impossible for the US government to rescue Enron. Maybe some politicians will add fuel to the fire and make Enron go bankrupt faster. "

He is still a dead Taoist friend but not a dead Taoist. No need to explain, everyone understands.

After listening to Li Weidong's explanation, Director Wang frowned, and he couldn't help but ask: "Chairman Li, according to you, Enron is dead?"

"Yes." Li Weidong nodded and said with certainty: "Enron is dead!"

The experts next to them looked at each other, and the world's number one crow's mouth began to make judgments again!

Enron still has many high-quality assets.

After entering the 21st century, energy prices have entered a new wave of rising periods, and many energy companies have made a lot of money. If Enron did not commit suicide and honestly engaged in the natural gas business, it would be a fool. Hen with golden eggs.

Who wouldn’t want a hen that lays golden eggs? Naturally, many companies are willing to pay for the acquisition.

Moreover, the United States at that time had already begun a shale gas revolution. Since the hydroplaning hydraulic method was invented in 1998, the technical obstacles to the commercial development of shale gas have been removed, and the United States will transform from a natural gas importing country to a natural gas importing country. Natural gas exporting country.

In fact, the shale gas revolution can only happen in the United States, because the United States has a large amount of shale gas resources, the best technology in the world, the largest energy company, the most complete natural gas pipelines, and the The world's largest natural gas market demand.

If it were any other country, without the good conditions of the United States, the shale gas revolution would be nothing more than a scam.

Enron's main business was natural gas. Under the background of the shale gas revolution at that time, the company's business was promising.

This also makes many American companies hope to acquire Enron. Even though Enron has tens of billions of debts, there is still no shortage of takeovers.

Being acquired was definitely better than going bankrupt, so many investors at the time believed that Enron could be revived.

Even if the acquisition fails, the U.S. government cannot sit idly by and will definitely come to the rescue. This was a relatively rational judgment at the time.

It's a pity that reason cannot defeat human nature!

Enron rejected all acquirers, and then entered the bankruptcy liquidation process as quickly as possible, as if rushing to reincarnate.

A more reasonable explanation for why Enron wants to die quickly is that there are too many interests involved. If the truth is made public, many people will be unlucky, so they simply come to burn down the warehouse. As long as Enron collapses , the relevant interest groups will be safe.

Of course, this is just a guess. So many years have passed since the incident, and even the relevant judicial proceedings have been concluded. The truth no longer matters.

As time went on, bad news about Enron kept coming.

There was no successor, and the U.S. government did not come to the rescue.

The measurement work of Huafu Gas has been completed long ago, but Enron's technology was not in place, and no engineers were sent.

The entire company was going to go bankrupt, so the engineers were naturally trying to find a way to make a living on their own, so they would not be in charge of the Huafu Gas project.

Huafu Gas itself does not have the technology to lay long-distance natural gas pipelines. Without Enron's technical support, it would not be able to complete the project construction independently.

In the end, Huafu Gas was forced to withdraw, and the project fell into the hands of Huanghai Petrochemical.

After this battle, Li Weidong's reputation as "the world's best crow's mouth" has completely spread in the industry.

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