Rebirth of the Industrial Tycoon

At the signing ceremony, Song Jinlong stamped the seal of Huanghai Petrochemical with a smile on his face.

"Chairman Song, I leave this part of the project to Huanghai Petrochemical!" Director Wang said as he handed the signed contract to Song Jinlong.

"Director Wang, please rest assured that our Huanghai Petrochemical will complete the task with high quality and quantity!" Song Jinlong immediately replied.

Li Weidong, who was standing not far away, also breathed a sigh of relief. Huanghai Petrochemical won this important project, and Li Weidong could also successfully win the New Oriental Motor Factory.

Next to Li Weidong, a bald man said: "Chairman Li, your prediction is really accurate! For a company as big as Enron, you said they would go bankrupt, but they actually went bankrupt!"

"Director Sui, you are trying to hurt me! I have heard that now everyone in your financial circle calls me the world's number one crow's mouth!" Li Weidong said with a smile.

"No way, I admire you from the bottom of my heart!" Director Sui lowered his voice and continued, "In addition, on behalf of our bank, I would like to express my sincere gratitude to you."

Director Sui is a senior cadre of the bank, so he is considered a person in the financial circle.

The construction of such a large project as the West-East Gas Transmission will definitely require a lot of money. This kind of large-scale infrastructure construction is generally not funded directly by the government. There will be some financing channels in the middle, so banks will definitely be involved.

The bank sent senior executives to participate in the signing ceremony and get familiar with the construction company to facilitate future communication and business development.

It's also a normal thing. So Director Sui appeared here.

I just heard Director Sui say: "Chairman Li, I'm telling you the truth.

Our bank’s overseas investment arm,

Also invested in some Enron stocks and bonds.

In previous seminars,

We have also heard your judgment that Enron will go bankrupt.

We thought your analysis made sense, so we quickly sold out of Enron stock and bonds.

Although when we sold stocks and bonds, prices had already started to fall,

But at least the capital was recovered. If we had waited until Enron filed for bankruptcy, we would have lost all our money.

It is really thanks to you, Chairman Li, that we have avoided a lot of losses, so the industry has asked me to be a representative and express our gratitude to you in person. "

"That's it." Li Weidong smiled and replied: "Director Sui,

This is not my fault,

It is up to you to trust me,

And even if appropriate measures are taken,

Only then can the loss of assets be avoided. "

"Chairman Li is so polite." Director Sui said quickly.

The bankruptcy of Enron caused heavy losses to many investment institutions. The biggest losses among them should be Morgan and Citigroup.

They lost almost $800 million,

The losses of several other major investment institutions in the United States are also calculated in units of hundreds of millions. A loss of 40 to 50 million is considered a small amount.

Because of Li Weidong's judgment, domestic banks escaped early and recovered their capital, which can be regarded as a great blessing among misfortunes.

After the two exchanged some polite words, Director Sui said: "Chairman Li,

If you have any important news in the future,

For example, if a large company is going to go bankrupt again, please tell us in advance!

Of course, our bank will not ask for your information in vain. If you have anything that needs our bank, just mention it. As long as we can do it, we will definitely help. "

"Is it okay to get a large loan?" Li Weidong asked immediately.

For private enterprises, obtaining a loan is always the most necessary thing. Many private enterprises rely on bank loans to maintain their capital chain. Once the bank cuts off their cash flow,

Businesses can collapse in an instant.

Private enterprises want to obtain loans from banks,

It is not an easy thing, especially getting a loan from the four major state-owned banks, which is even more difficult. Therefore, a large number of private lending companies began to emerge, and many of them were simply loan sharks.

When it came to the loan, Director Sui hesitated and asked, "Chairman Li, how much do you plan to loan?"

Li Weidong smiled slightly and replied: "Our company borrows money from the bank, so Han Xin naturally directs us. The more the merrier!"

"The more the merrier, there must be a number!" Director Sui said.

Li Weidong did not answer directly, but changed his voice and asked: "Director Sui, do you know WorldCom America?"

Director Sui thought for a while, then asked: "Are you talking about a communications giant in the United States?"

"Yes, that's them." Li Weidong continued; "According to my judgment, WorldCom will become the next Enron, and it is estimated that this time next year, it will also follow the path of Enron. If your bank invests in WorldCom, I suggest you stop as soon as possible!”

Director Sui was stunned for a moment, and then immediately realized that Li Weidong was showing off his bargaining chip.

This seems to mean that again, the news that WorldCom will go bankrupt, how much loan is worth your bank, weigh it carefully!

More importantly, if Li Weidong's crow's mouth prediction is successful again, how much loans the bank should lend must also be carefully weighed.

This is probably like a watermelon seller who first cuts it into a triangle and lets the customer taste whether it is sweet or not.

If customers taste it, they will find it to be unprecedentedly sweet. Even if it is more expensive, they will be willing to pay for it.

"Shitong Company? I remember it. Thank you Chairman Li for the information." Director Sui nodded.

One year is not a long time, and Director Sui can afford to wait. If WorldCom really embarks on the same path as Enron in a year, Director Sui will beg Li Weidong for a loan.

WorldCom is the second largest communications company in the United States, second only to AT\u0026T.

The American Telephone and Telegraph Company was the former Bell Telephone Company, the company founded by Bell, the inventor of the telephone.

Originally, the telecommunications industry in the United States was basically monopolized by the Bell Company. Later, WorldCom promoted the anti-monopoly bill and split the Bell Company into the so-called "Seven Bell Brothers". This ushered in an era of competition in the US telecommunications industry.

In the midst of competition, WorldCom has experienced a series of acquisitions, and its scale has expanded rapidly. Especially after acquiring MCI, it became the second largest communications company in the United States. Its status in the United States is equivalent to that of China Unicom.

In addition to being the second largest telecommunications company in the United States, WorldCom, before bankruptcy, was also the world's largest Internet provider. Therefore, WorldCom in its heyday was even better than China Unicom in overseas business.

Such a huge company filed for bankruptcy in July 2002 and completed the entire bankruptcy process in 2003.

The reason why WorldCom went bankrupt was because of financial fraud, just like Enron.

What is even more ironic is that the accounting firm responsible for providing audit services to WorldCom was none other than Andersen Accounting Firm, which provided services to Enron.

Originally, Enron was already the largest bankruptcy case in the history of the United States, but Americans would never have imagined that a year later, this largest bankruptcy case in the United States would be surpassed by the bankruptcy case of WorldCom.

Even in later generations, WorldCom's bankruptcy was the third largest bankruptcy in U.S. history, second only to Lehman Brothers and Washington Mutual, which collapsed during the subprime mortgage crisis.

The bankruptcy of WorldCom also had a huge impact on the U.S. economy, even more serious than the bankruptcy of Enron.

There are more than 50 companies in the United States that have loaned more than $100 million to WorldCom, and all the world's well-known investment banks have invested in WorldCom.

U.S. pension funds also invested heavily in WorldCom. Michigan's pension funds alone suffered losses from WorldCom's collapse

11.6 billion US dollars.

Moreover, the bankruptcy of WorldCom also dragged down the world stock market. After the WorldCom incident broke out, the Tokyo stock market fell by 4, the Korean stock market fell by 7.15, the Singapore stock market fell by 2.15, and the Hang Seng Index also fell by 2.39.

There is no doubt that WorldCom's bankruptcy is another super nuclear bomb for the Financial Street!

President George W. Bush, who was in power at the time, was really not good at dealing with the economy. Five of the top ten bankruptcies in the United States occurred during his administration.

They were Lehman Brothers and Washington Mutual in 2008, WorldCom and Conseco in 2002, and Enron in 2001.

General Motors, Cit Group and Chrysler, which went bankrupt in 2009, can be regarded as the mess left by President George W. Bush.

Counting it this way, except for the bankruptcy of Pacific Gas and Electric in 2019 and Man Financial in 2011, the top ten bankruptcy cases in the United States are all related to President George W. Bush.

It was also because it really didn't know how to deal with the economy, so the United States at that time transferred its conflicts abroad to prevent the people from paying too much attention to domestic economic issues.

Although it was a verbal agreement between Li Weidong and Huanghai Petrochemical, Huanghai Petrochemical kept its promise and sold the New Oriental Motor Factory to Li Weidong.

For a large enterprise of this level, credibility is still very important. If Huanghai Petrochemical defaults on its debt, who will cooperate with Huanghai Petrochemical in the future?

What's more, Li Weidong and Huanghai Petrochemical have had a cooperative relationship for many years, and Huanghai Petrochemical couldn't offend an old friend. Doing business in China has always been like this. If you have an extra connection, you might be able to use it one day.

Although Guchen New Oriental Motor Factory is not large in scale, it is a state-controlled enterprise. Although the salary is not high, the advantage is that the job is stable and it gives face to others.

Now that it has been acquired by Li Weidong, it has become a private enterprise, which is of course not as good as before.

For many northerners, except for civil servants, public institutions and state-owned enterprises, other jobs are not considered serious jobs.

After the news of the acquisition came out, workers at New Oriental Motor Factory immediately went into a rage. Many people even ran to the Huanghai Petrochemical office building to demand an explanation.

In Song Jinlong's office, several worker representatives from New Oriental Motor Factory were complaining.

"Director Song, New Oriental Motor Factory was originally a workshop of Huanghai Petrochemical, and we were all employees of Huanghai Petrochemical. Later, the company split its business and we were separated. But we are still employees of Huanghai Petrochemical!

Well now, the directors of the group held a meeting and sold us to the self-employed without any discussion with us. How could the group do this? This is too unkind! "

The man who spoke was named Pan Yongjian, the director of New Oriental Motor Factory.

An old worker who was nearly fifty years old next to him also said: "I entered the motor workshop as an apprentice when I was fifteen years old. I have been working for thirty-two years now. As a model worker, I get a lot of credit for being advanced. Even if there is no credit, , it’s hard work, right? It’s great now, I’ve worked hard for Huanghai Petrochemical for most of my life, but now I’m gone!”

Another person said: "Yes, when the factory was built, my father slept in the shed every day to build Huanghai Petrochemical. All five of our family dedicated their youth to Huanghai Petrochemical. Now there is no need for us. , just kicked us away, I don’t accept it!”

Facing the workers' questions, Song Jinlong had no choice but to explain again: "Several masters are selling New Oriental Motor Factory for the future development of the group. I hope everyone can understand."

"Director Song, you don't need to explain anymore. The group has explained it many times, and we are tired of hearing it. We are just not convinced, why should we be sold!" Pan Yongjian, the leader, said.

"After all, electric motors are not our main business at Huanghai Petrochemical. Optimizing the company's industrial structure is also a reform carried out to adapt to the new economic situation." Song Jinlong paused and then said:

"Director Pan, actually this is not a bad thing for you. You must have heard of Li Weidong's name. He is also a well-known private entrepreneur in China. From now on, New Oriental Motor Factory will be run by Li Weidong. It will definitely go to the next level.

As far as I know, Li Weidong is not a stingy person. He has always been willing to pay wages to his employees. If you work with Li Weidong, your wages may be higher than now.

This private enterprise also has the advantages of a private enterprise. As long as you do well, there is no ceiling on wages. Unlike here, we have to abide by the salary system. Even I, the chairman, have to take my salary according to regulations! "

"That's different. After all, Huanghai Petrochemical is a state-owned enterprise, and the job is stable. If you work as a self-employed person, the salary may be higher, but if you don't have enough security, the company will go bankrupt one day, and then your job will be gone!" The elderly master said He spoke.

Song Jinlong quickly corrected: "Master Wang, Huanghai Petrochemical is no longer a state-owned enterprise, but a state-controlled enterprise. It is different from before. We are also managed according to the management system of modern enterprises."

"I don't care what holding company it is. Anyway, at my age, I just want to be stable and hope that I can survive until retirement to collect my salary. If you sell New Oriental Motor, what will happen to my retirement salary in the future?" The tall Master Wang said with a stubborn look.

Song Jinlong had no choice but to explain: "Master Wang, the country has already reformed retirement matters. Retirement wages are no longer paid by the enterprise, but by the social security fund. Even if New Oriental Motor Factory is sold, it will not be paid. It will affect your pension.”

"I don't understand what this gold and that gold are! Anyway, I have worked at Huanghai Petrochemical all my life, you can't kick me out!" Master Wang said still stubbornly.

"Okay, all that talk for a long time is in vain!" Song Jinlong sighed helplessly. When faced with a master like Master Wang who has more than 30 years of service, the other person said "I don't understand" and made it clear that he wanted to rely on his seniority to sell off his skills. Song Jinlong really didn't. Method.

So Song Jinlong had no choice but to ask, "Master Wang, what are your requirements? Just tell me directly!"

"New Oriental Motor Factory can't sell it!" Master Wang said immediately.

"This is definitely not possible. The contract has already been signed. If we regret it at this time, not only will we have to pay huge liquidated damages, but Huanghai Petrochemical's reputation will also be affected." Song Jinlong shook his head decisively.

"Even if we have to sell the factory, we workers at the electrical machinery factory have to return to Huanghai Petrochemical!" Master Wang continued.

"Master Wang, what kind of work can you do when you return to Huanghai Petrochemical?" Song Jinlong continued: "Our Huanghai Petrochemical does not have a motor workshop."

"If I don't make motors, I can do other jobs. I've worked in front-line workshops all my life, and there's nothing else I can't do!" Master Wang said with arrogance.

Song Jinlong smiled slightly and asked, "Master Wang, can you operate a cracking furnace?"

"What is a cracking furnace? Is it a boiler?" Master Wang asked subconsciously.

"Do you know how to operate the pyrolysis quenching chamber? How about the pyrolysis oil operation? Separation compressor operation? Separation cooling room operation?" Song Jinlong asked one after another, and Master Wang was confused.

"Master Wang, these are the basic operations of the ethylene production unit in our olefins workshop, and they are also positions with relatively low technical requirements in the workshop. But you don't know how to do it, so how can I arrange work for you!" Song Jinlong said helplessly. .

When Master Wang was still in the motor workshop of Huanghai Petrochemical, Huanghai Petrochemical still used backward technology from the 1950s, without even automation, and relied purely on manual operation.

The Mobil production line that Li Weidong helped Huanghai Petrochemical introduce was American technology in the 1980s. In recent years, Huanghai Petrochemical has purchased and developed some new processes and technologies. How could Master Wang understand that!

However, Master Wang said with an unconvinced look; "I am a motor manufacturer, you can assign me to a motor-related position."

Song Jinlong nodded: "That's okay. Our motor control center has a new control system. Can Master Wang operate it?"

"What control system?" Master Wang looked confused again.

Song Jinlong went on to explain: “The voltage in the power distribution room of an olefin workshop must be divided into four levels, namely 6000v, 380v, 220v and 48v.

Among them, 6000v is used by the main device, which is the p1501b, p1505b and p7005 devices we are currently using.

380v provides low-voltage motors, soot-blowing motors, and mov electric valve motors. These motors are all controlled by the control center, and the corresponding operating system needs to be mastered.

220v is mainly used for lighting circuits, small electric tools, emergency lighting, inverters, and power distribution devices. 48v corresponds to instrument power, interlocking, alarm systems, etc...."

Song Jinlong introduced a lot of things, and Master Wang basically didn't understand much, and was confused directly.

"Why is it so troublesome to get a motor now!" Master Wang frowned, and then said: "If you are not professional, you can arrange me to a logistics position. I have worked in the front line for more than 30 years. It's not too much to go to logistics until retirement!"

"Not too much, of course not too much!" Song Jinlong smiled slightly, and then asked: "Master Wang, can you use office tools?"

"What is Facebook?" Master Wang began to be confused again.

"It's just typing and making tables on the computer." Song Jinlong didn't explain much, but sighed: "It seems that you can't. "You mean typing on the computer? I'm too old to use a computer!" Master Wang shook his head. "Master Wang, now people in the logistics positions have started to use computers for work. It's no exaggeration to say that the benefits distributed by the union during the holidays must be entered into the computer first, not to mention other professional positions. If you don't know how to use a computer, it will be difficult to arrange work in the logistics!" Song Jinlong said helplessly. "Then I can go to clean or guard the gate!" Master Wang deliberately put on a broken jar expression. "Definitely not!" Song Jinlong shook his head without hesitation, and then said; "Our Huanghai Petrochemical's security and cleaning work have been contracted to the property company. If you want to guard the gate or clean, you have to resign first, and then go to the property company. Of course, if you really want to go, I will tell the manager of the property company and let him arrange for you to go in. " "The property company is our factory? "Master Wang asked subconsciously.

"No, the property company is also run by an individual. I remember that the gatekeeper was paid 450 yuan a month, not including food and accommodation, and the cleaner was paid 500 yuan a month, not including food and accommodation. And no pension insurance, no rest days." Song Jinlong replied.

Hearing this treatment, Master Wang couldn't help but complain: "It's better to stay in the motor factory!"

"That's right!" Song Jinlong nodded, and then said: "Master Wang, you can see it too. It's not that we don't want to place you, but because there are no positions to place you. Even if there are positions, you can't do it!"

"Then you can't sell us to individual businesses!" Master Wang still has a firm attitude.

Song Jinlong sighed helplessly again, and then continued: "It seems that I can't persuade you. How about this, let Li Weidong come to talk to you in person! I have already made an appointment with Chairman Li to come over."

Song Jinlong said, looking at his watch, and then said: "Calculate the time, Chairman Li will be here in ten minutes! ”

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