Resource Tycoon Reborn

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Fang Mingyuan was sitting in the president's office on the top floor of the Kuok Shipping Group headquarters building, looking at the rain outside the window while answering the phone call from the other side of the ocean.

"Fang, the board of directors has basically agreed to the results of our negotiation. I think everyone can discuss a suitable time to formally sign the contract!" Motyjunas's somewhat tired voice came from the other end of the phone. At this time, America, it was late at night.

"Gray, thank you!" The Boeing board of directors was able to successfully pass the restart of the md90 plan. Of course, there are many factors such as the emphasis on the Chinese aviation market and the fact that the new airline will purchase twenty Boeing large passenger aircraft in the future. Motie Yunas Lobbying hard to convince these directors of Boeing Company is also one of the very important factors. Therefore, Fang Mingyuan’s thank you was sincere.

After this period of emergency preparations, the four major domestic aircraft manufacturers are fully prepared to restart production. It can be said that everything is ready and they owe Boeing this contract.

"There's no need to thank you. Andrew and I also want to thank you for reminding us. Otherwise, we would be one of those unlucky ones now!" Motyjunas said with deep emotion.

On April 21, the same day that Qinxi Iron and Steel Group Corporation was officially established, when the eyes of the world were paying attention to the conflict between China and the United States, the Enron scandal suddenly broke out in the United States!

Who would have thought that last year's total revenue reached hundreds of billions of dollars, making it the world's largest energy trader. The company's operations cover more than 40 countries and regions around the world, with more than 20,000 employees and total assets of more than 60 billion U.S. dollars. It has won the title of "America's Most Innovative Company" for four consecutive years and ranked seventh among "Fortune" magazine's "America's 500"; it controls 20% of the electric energy and natural gas transactions in the United States and is the darling of Wall Street. ——Enron turned out to be a giant on paper!

Although, so far, there is no definite result on how serious the financial fraud of Enron is. But Motiejunas has learned through private channels that Enron’s CEO, Jeffrey Skilling, Recently, he has been secretly selling his Enron stocks - but he has been constantly claiming in public, including at gatherings with Motyjunas and others, that Enron's stocks will have greater room for improvement. And according to the United States The law stipulates that members of the company's board of directors cannot sell the company stocks they hold unless they leave the board of directors.

Moreover, he also learned that in the first three months of this year, Enron's shareholders' assets had shrunk by more than one billion U.S. dollars due to improper management by Chief Financial Officer Andrew Fastow and the partnership. Enron had lost more than 700 million U.S. dollars. dollars, with an average loss of more than a dollar per share!

And these are only revealed in just one week after the Enron scandal broke out. Motiejunas believes that as time goes by, Enron is likely to expose larger and more financial black holes. And by that time At that time, he could imagine what would happen to the shareholders of Enron. He could think about it with his heels. And once Enron finally went bankrupt, the losses would be even more difficult to calculate.

Jeffrey Skilling had promoted Enron's stocks to people like them, and they were indeed a little tempted at the time. Enron's business growth last year was really impressive. If it weren't for Fang Mingyuan and him, Bu

Ryant had formally warned that Enron's business was growing too fast, and if they were asked to invest cautiously, the two of them might have joined it. Motiejunas had prepared to spend US$70 million at that time.

"Haha, I just think that Enron's business growth is a bit unusual." Fang Mingyuan smiled and said, "It's great that you and Bryant didn't suffer any losses because of this."

"Yeah, the two of us didn't have any losses, but many of our friends and family members didn't listen to our dissuasion and bought Enron's stocks. This time... alas!" Motyyunas

A long sigh. The outbreak of the Enron scandal further plunged the US financial order, which was already turbulent due to the crazy decline of the Nasdaq Composite Index, into chaos. The stock market, which had just shown signs of stabilizing, began a new round of turbulence.

Downside. Boeing's stock price has also been significantly affected by this. Therefore, Motyjunas is extremely grateful to Fang Mingyuan in this way.

"Gray, what's Arthur Andersen's response to this matter now?" Fang Mingyuan stood up and opened a window. Immediately, a cold wind with thick rain blew in, which cheered him up.

.

"Andersen Accounting Firm? Well, their reputation is now discredited! They actually started destroying Enron's documents and computer records before the Enron scandal broke out. Fortunately, the Securities and Exchange Commission noticed this in time. Otherwise,

The documents that were destroyed were more than two thousand pages! The fine tradition of 'integrity over profit' established by Arthur Anderson and Leonard Paul Spacek over decades was destroyed by these bastards

They have been completely corrupted!" Motiejunas said angrily, "If Leonard Paul Spacek were still alive now, he would be angry to death by these bastards!"

The Arthur Anderson and Leonard Paul Spacek mentioned by Motiejunas were the first two generations of leaders of Arthur Andersen. It was during their time in charge of Arthur Andersen that Arthur Andersen

Accounting firms insist on using strict accounting standards and show that in order to protect public interests, they will not hesitate to lose the interests of the company. They believe that auditors have the responsibility to protect public interests!

It was during the leadership of Spacek that Arthur Andersen publicly accused Beisheim Steel Company of seriously inflated profits, and also publicly criticized the U.S. Securities and Exchange Commission for its ineffective supervision of listed companies' false accounts. It was they who

Through continuous efforts, Arthur Andersen has gained widespread trust from the public and has become one of the largest and most respected professional service organizations in the world.

By the year 2000, Arthur Andersen had nearly 400 branches in more than 80 countries around the world, with more than 80,000 professional employees, thousands of partners and partners, and a global turnover of nearly 100,000.

Billion US dollars! And in the United States alone, it represents nearly 20% of the audit services of listed companies in the United States!

"Gray, you said that Arthur Andersen destroyed the documents on their financial audit of Enron?" Fang Mingyuan exclaimed, pretending to be surprised, "How could they do this?"

"Yeah, these bastards!" Even across the ocean, Fang Mingyuan could clearly hear the deep anger in Motayunas's voice.

Motiejunas said: "Now, the U.S. judicial department is debating whether to sue Arthur Andersen for obstruction of justice on the grounds that it destroyed relevant documents and computer records after the Enron scandal. If this is really the case,

"This is the first time in American history that a large accounting firm has been criminally investigated!"

"Do you think this is likely?" Fang Mingyuan pondered for a moment and asked.

"It depends on how much damage and impact the Enron scandal has caused. If it is within the controllable range, I guess it can be settled. But... if Enron will expose more scandals,

I think the Securities and Exchange Commission will not miss this opportunity." Motiejunas hesitated.

Fang Mingyuan suddenly realized that back then Arthur Andersen had publicly criticized the US Securities and Exchange Commission for failing to supervise listed companies for making false accounts. Now that Arthur Andersen had made false accounts for Enron, such big mouths would be slapped back hard.

If it were me, I wouldn't miss this opportunity.

After hanging up the phone, Fang Mingyuan sat back behind his desk, pulled out a stack of documents from the drawer, and put them on the table.

I am afraid that no one in the world will know the future destiny of Arthur Andersen Accounting Firm better than him. Even if the world has deviated from its original track due to the existence of his little butterfly, he believes that the fate of the goddess of fate will

Smiles are not given to Arthur Andersen.

Even if there is a small deviation, Arthur Andersen Accounting Firm can not withdraw from the auditing industry it has been engaged in for more than 80 years, but it cannot change the final result of the disintegration of Arthur Andersen!

In the previous life, Arthur Andersen had many branches and partners in various countries around the world. These Andersen members in various countries actually established the company through a series of complex legal agreement arrangements, in which everyone shared resources, distributed profits, and assumed risks.

This time, Arthur Andersen was involved in the Enron scandal. The main liability for compensation was actually the Andersen members in the United States. Although members in other regions may also be affected, the losses will not be

It will be huge.

However, after the accident of Arthur Andersen, it didn't take long for Andersen's members in other parts of the world to break away from it and join the arms of its competitors. Andersen went from being a "giant" in the industry to shaking things up

"Wu Ba" became a "clay Buddha" who was alienated from his family and even unable to protect himself. In the end, Arthur Andersen Accounting Firm had to announce its withdrawal from the auditing industry. A once brilliant international accounting firm was swept into history.

.

Fang Mingyuan remembered that Arthur Andersen (Hong Kong) and Arthur Andersen (China) were the first to break up. As for which internationally renowned accounting firm they joined, Fang Mingyuan has no memory.

And now, he has to make an important decision, whether to take advantage of the fire and bring these two accounting firms under the control of his Fang family!