Reborn American Giants

"How are we going to get the cash," Aaron asked, facing treasurer Jimmy Vincent.

The financial manager is hurriedly counting the most optimistic results on the credit and debit status of Texaco's various accounts with his head down.

Jimmy Vincent, who is usually meticulous, also felt that something was wrong. He had worked as a trader in a securities trading company and Morgan Stanley's international investment bank, and he also imagined that he had a huge investment in the capital market.

Invincible in all directions, killing in all directions.

After becoming the financial director of Texaco, he devoted himself to his work and worked hard to maintain the stable navigation of this giant ship, so much so that Jimmy, who was only 47 years old, had already turned gray.

Jimmy undoubtedly has feelings for Texaco, a company he has worked for for more than ten years. He does not want to see this company collapse without dignity in the face of a crisis and become the focus of the media spotlight.

Bad news has been coming one after another in recent times. Just last Monday, a well-known credit rating agency suddenly downgraded the company's credit rating after discovering that Texaco had lost oil production areas in the Middle East.

Those market observers who followed the trend mistakenly believed that they had found the basis for Texaco's credit rating to be downgraded, so they started chattering and arguing, and suggested that Texaco had the risk of "debt default".

What do these people understand? Jimmy is baffled by their nonsense, but the market believes what they say. ABN Amro refused to restore Texaco's credit, and Deutsche Bank and Morgan Stanley also sent faxes asking. Is Jimmy okay?

It's easy to block it with left and right, but the damage has been done. The banks have tightened their money supply to Texaco. If you want to get a loan, it will obviously not be as easy as before.

But Jimmy was not good at doing "easy" jobs by nature. He smiled at everyone, trying to ease everyone's nervousness, "Leave this matter to me. I have good personal relationships with many lenders, and those investment institutions are not

We may be turned away overnight, and I will try to get some cash as soon as possible, but this will require the company to provide appropriate "collateral."

"You will be authorized by the company," Aaron breathed out. This was the "first" and comforting "good news" he heard today, but he hoped it would not be the last.

As CEO, he must find a way to solve the dilemma.

"I think everyone understands the situation the company is facing now," Aaron let out a sigh. Originally, he should have chosen to keep this information secret, but now, he must unite everyone. The situation is so bad that Texaco is on the verge of collapse.

, all these situations are exposed in front of the public. In order to ensure that the stocks in their hands will not become a pile of waste paper, these shareholders must also choose to fight to the end for their annual salaries of millions.

"Director Morley, I think you should talk to Deputy Secretary James Schleant of the Department of Energy. We need support from the White House."

Texaco has a total of more than 56,000 employees. The top management is composed of nearly 300 department heads and more than 500 "senior managing directors." These managing directors receive generous salaries and not only enjoy dedicated restaurants

They also have special account funds for ordering meals and flight upgrades, and they also have the privilege of meeting important people. Even if they leave Texaco, these privileges will not be cancelled. Now, they are proving that the company

There is no time to waste your investment.

Morley nodded calmly, his gray eyes without any color. As the second largest energy giant in the United States, how could Texaco be defeated by such a little difficulty? Just the ones it has funded over the years.

Politicians and organizations, Morley believed, the company would be able to weather the storm.

…………………………

As soon as Victor returned to New York, he received all the reports about all this happening, and the situation at Texaco looked dire.

Cash flow is about to dry up, and the stock market is affected by the comments and people are panicking. The most severe blow comes from the credit rating agency's downgrade of Texaco's credit.

The impact of a credit downgrade is definitely not something that can be shown in a simple sentence as shown literally.

It's like Texaco has suddenly become the person with the worst reputation in the circle of friends. It's difficult to borrow money and operate. All investors will worry about the risk of debt default when faced with a company whose credit is downgraded, and even if

Successfully borrowing funds will also come with a series of harsh conditions, such as higher interest rates.

At the same time, the financial market also reacted to the downgrade of Texaco's credit rating, and its stock price continued to fall from US$121 to US$115. Even if Texaco CEO Aaron Elvis held a press conference to announce that Texaco

Texaco's 1983 earnings report, Texaco's record revenue of 42.564 billion US dollars, after-tax profit of 1.432 billion

US dollars, earnings per share rose from US$1.14 in 1982 to US$2.07, close to US$1. Aaron hopes to use these figures to show investors that the company does not have the risk of "debt default" as outsiders say, and further

Dispelling investors' concerns. However, the market responded little to this, which did not prevent the company's stock price from falling further.

Now it's time for Victor to show up.

"Aaron, long time no see," Sir Joseph, a director of the London-New York Investment Bank, led a strange man towards the CEO of Texaco. He gracefully supported a very elegantly dressed man next to Aaron.

Madam's arm, lowered her head and kissed the back of the other person's hand gently, "Mrs. Aaron, you are so charming today. The whole banquet will be even more glorious because of your arrival..."

"Ah, Sir Joseph, you are really good at talking," Mrs. Aaron was obviously very happy when faced with the compliment. Women like to hear other people's compliments on their appearance.

Today's reception is a board dinner for Morgan Stanley. The venue is the Palm Bay Hotel. The attendees are all high-ranking figures in New York. Aaron came here to meet with the chairman and CEO of Morgan Stanley.

John Mark started talks and participated in the investment negotiation meeting held tomorrow. Texaco is more eager than ever for the financial support of these investment institutions. In order to obtain precious funds to tide over the difficulties, Aaron had to fight with these Wall Street "vampires"

deal with.

"Sir Joseph," facing this Sir who was active in the New York financial market and was rumored to have a British royal background, Aaron maintained appropriate respect. He nodded gently to Joseph in return, and glanced at him, following behind Joseph.

of Victor.

Yes, Victor is ready to officially start contact with Texaco, but the situation is deteriorating so fast that people are unexpected.

Although Victor needs Texaco to become a little weaker before he can start negotiations with him about the oil field, Texaco cannot be too weak. The time is right now, and Texaco urgently needs a major "good" news.

Stimulate the market and restore blood.

"Ah, Mr. Aaron, let me introduce you. This is Mr. Jose Victor, an important partner of our company. I think you are both in the energy industry, so you should have many common topics," Joseph noticed.

With Aaron's gaze, he turned his body sideways, pushed Victor beside him in front of him, and introduced enthusiastically. This was his mission tonight, and this mission came from the Queen's Personal Finance Minister, Sir Oliver Levine.

"Hello, Mr. Aaron."

"Mr. Jose, nice to meet you."......

"Beautiful Mrs. Aaron, may I have the honor of asking you to dance with me?"

Joseph took Mrs. Aaron's arm and walked off the dance floor, dancing to the soothing music. Victor held a glass of champagne and said to Aaron: "Mr. Aaron, I just arrived in New York, and I read a lot of things about your company in the newspapers.

It seems that these unfounded rumors have had some impact on you."

Aaron narrowed his eyes slightly, feeling unhappy with Mr. Jose's words. Anyone who heard the market's "badmouthing" of his company would feel bad. He wanted to turn around and leave, but

The good social etiquette he had possessed for a long time allowed him to resist this impulse and continued to listen to Victor's words with an ugly expression.

Victor kept seeing Aaron's expression in his eyes, and at first he changed his tone with a sharp and sharp tone, "However, I have always thought that Texaco is a great company, and the turmoil it is facing now is just a small trouble, or

It can't be called trouble, it's just the rhetoric of some insignificant people. I believe your company will give these rumormongers a hard blow soon."