Future chat group
Chapter 474 Either Madness or Death (Part 2)
"Buhler, the director of our brokerage business, Buhler manages everything in Forest, whether it is public or private."
"Niya, director of human resources, because the director of our technical department was fired, and the directors of several departments such as finance and legal affairs also applied for resignation, so... Niya will also help me with some work in other fields for the time being."
"Arman, director of investment consulting, has a group of good guys under him. All the new and old financial consultants in the company were brought out by Arman."
"Finally, it's me, Fox. I'm in charge of overall planning. When there's a shortage of manpower, I also do other things. So, BOSS, I'm asking for a raise."
Fox finally used American humor, and a group of foreigners with a low sense of humor laughed out loud. Even Leo, who was sitting next to Lei Hao, also cheered.
Following Fox's introduction, Lei Hao also carefully remembered the faces of Forest's few remaining company executives.
Buhler is a middle-aged man, a very discerning guy, suitable for contacting customers;
Niya is a little chubby, has curly hair, blue eyes, and doesn't smile much, but she can't be called cold-faced either;
Arman, on the other hand, kept a serious expression more often. Even if he laughed along with the crowd, it still had a meticulous meaning. After learning about Arman's German identity from Leo, Lei Hao didn't find anything strange.
Add in Fox, and this is Forest's management that sticks to it.
"Thanks to Lei's capital injection, Forest has recovered, but the problems we face are still very serious." Fox turned his eyes to several subordinates.
"Forty percent of our customers request to cancel the contract. According to the contract, we can forcefully retain at most half of them, which is 20%. Even the customers who have not expressed their opinions for the time being and whose securities assets exceed US$50,000 are still hesitating. According to what I know, You know, Forest’s customers are now fat in the eyes of other companies..." Buhler said with a wry smile: "In fact, we have reduced our customers by 30% some time ago."
In other words, the so-called 40% ratio of Forest now is actually 40% of the remaining 70%. No wonder Buhler has a hopeless expression on his face.
"Currently, 30% of the company's employees are in the process of resigning, and those who are preparing to resign are all relatively outstanding employees. I predict that we can complete 50% of the original workload with 70% of the original employees." Ni Ya looked distressed when she spoke.
When disaster strikes, they all fly away, and those who can fly away are all outstanding people. Those who are not outstanding do not value the company's development prospects. As long as they are paid, they are willing to stay.
However, given Forest's current situation, it is unable to attract outstanding new blood to join. This has formed a vicious cycle, with brain drain, ordinary employees staying behind, brain drain again, and ordinary employees staying behind again. A "nursing home" is gradually forming.
If things continue like this, Lei Hao knows without even thinking that Forest will only die slowly even if there is an injection of funds.
"The so-called technical errors are actually the mistakes of the financial advisory team. Our prediction of the market's reaction was wrong and we were attacked by unknown funds. Although there are confidentiality clauses, there are no secrets on Wall Street, and our credibility has been lost." There was great pain in Mann's stern face.
Forest's "technical error" was actually a new algorithm adopted by Yaman and the Information Technology Department, and they were ready to give it a try and do hedging arbitrage in the market. However, the matter was leaked, and not only was it perfectly sniped by inexplicable funds, but also several coins were thrown out. A financial advisor makes an explanation to the government.
Part of the 25 million lost was hush money, which Lei Hao already knew.
Customers terminate cooperation, outstanding employees change jobs, and the company's reputation is lost. These are the three major problems Forest faces.
Thinking of Forest as a stock, Lei Hao is equivalent to fully acquiring it when it is in a downward channel. Yesterday it might have been worth 15 million, but today it might be worth only 14 million. Maybe the bottom would be 10 million, maybe 8 million. , are possible.
Of course, Lei Hao invested money, which invisibly pushed up the bottom of Forest's valuation. No matter how bad it was, the company still had work to do.
"What if Arman's operation is successful?" Lei Hao put forward a hypothesis, and suddenly saw Arman's breathing slowly getting thicker, and his body seemed to be tense.
"Forest was originally in a bottleneck period. We were too anxious." Armen lowered his head in pain again, and a depressing atmosphere filled the conference room.
Any risk taken is because the expected return is sufficient. Forest failed. It doesn't matter who is right or wrong. They went from a company seeking breakthroughs to a company that is surviving and accepting foreign acquisitions. Everyone is a joke on Wall Street.
"In other words, we actually still have room for recovery." Lei Hao snapped his fingers.
The reason why I chose Forest is because of this. Although it seems to be a poor foundation, it actually has merits. It is at a critical point.
Fox and others did not have the ability or courage to take a gamble. In front of the actual premium, they were happy to exchange their shares for money, but it was equivalent to exchanging the betting chips into Lei Hao's hands.
"As long as we don't make any mistakes, Forest will recover in the next time." Fox didn't know why, and said false words.
"It seems that our investment consulting services have made little progress for a while." Lei Hao glanced at Yaman.
"Yes, no matter what we say, customers will not believe it now." Arman raised his head instead and said: "But I believe that this situation will not last, and I am confident that this situation can be changed."
"How long?" Lei Hao asked.
"I... don't know." Arman's eyes showed red threads, as if he felt that Lei Hao was humiliating him.
"Why not start from now?" Lei Hao turned his attention to Fox again.
"This is our common opinion." Fox said slightly embarrassed: "Arman and the others need to rest for a while."
"I don't think so..." Lei Hao turned his head and glanced at Li Yingfeng, who immediately took out a stack of documents and distributed them to Fox and others.
"How much worse could it be?" While these people were reading the documents, Lei Hao leaned forward slightly and said, "No worse situation will happen."
As Lei Hao's words fell, the four people from Fox looked at the contents of the document, but their expressions slowly changed, from doubt, to curiosity, to shock, to... fear.
"We can't do this!" Fox almost wanted to flip the table. "Forest can't afford another failure. Lei, with your funds, customers will have new trust in us, and the situation is already under control."
"Are you talking about the stop loss line?" Lei Hao had a somewhat dissatisfied expression on his face. He glanced at the four people sitting in the conference room and could not see any sign of agreement from these people, so he gritted his teeth.
"Go mad or die!"
You'll Also Like
-
Entertainment: While Yang Mi is still young, I tricked her into investing in me
Chapter 205 4 hours ago -
Pirate: 9 to 5? But I'm a pirate!
Chapter 81 4 hours ago -
Mount and Blade: Summon five outlaws at the start
Chapter 272 4 hours ago -
Destroyer from otherworldly
Chapter 187 14 hours ago -
The second young master of the Uchiha family
Chapter 258 14 hours ago -
Douluo's Strongest Son-in-Law
Chapter 1392 14 hours ago -
Three Kingdoms: I Guan Suoqian Turns the Troubled Times
Chapter 49 14 hours ago -
Pokemon Dawn
Chapter 372 14 hours ago -
Douluo Jade Legend
Chapter 71 14 hours ago -
Douluo: Starting from Fooling the Blue Silver Emperor
Chapter 291 14 hours ago