American Peanuts
Chapter 20 Debt Crisis
Chapter 20 Debt Crisis
At noon the next day, Charlie put the two of them on the plane back to Nashville.
Everything seems to be on track, all I need to do is wait for the magazine to be officially released early next month, which is still about ten days away.
Although he had only been back in Chicago for four days, and spent most of his time on Faith Hill's belly, with no more than five hours of actual work, Charlie still felt deeply tired.
"People should combine work and rest." On the way back to the company from the airport, Charlie began to imagine where to go to HAPPY.
High end club?Private clubs?Why don't you open one yourself? Not only does it not cost money, but it can also make money. It's a perfect idea.
He didn't have much time to think about it. Not long after he returned to the company, an uninvited guest came to the office.
A lean old woman with fine wrinkles on her neck.Rowell is the company's financial director and is in charge of all the company's accounts and cash transactions.
"In fact, the company can't even afford maintenance workers now. The company's utility room is crawling with cockroaches, and two color printing machines in the editorial department have broken down and have been left there forever."
"Except for layoffs, we have tried almost all measures. The executives collectively cut their salaries by 30.00% to [-]%. The company building has been sold to a New York asset management company and signed a lease agreement. Even you The car I'm sitting in has been mortgaged to a used car dealer in Chicago. As I said earlier, even the damaged equipment can't be repaired now. And at the end of next month, there are three bank debts due. Millions of dollars, but we don't have any excess cash outside of the payroll budget."
"So, Mr. Charlie Rossi, the company urgently needs your assistance now." Rowell stated his intention.
Of course Qian Luoxi has it. He previously sold "Meijing" for 5 million in cash, and spent a total of 1000 million on acquisition expenses and other oddities. Most of the remaining money was put in the investment field. There is still 6000 million liquidity left.In short, it can easily help the company tide over the difficulties.
But, that doesn't make sense.
It stands to reason that even if a magazine with a stable audience cannot make much money, it will never lose money. If it can live on such a tight budget, there must be something fishy about it.
"Where did the money go?"
"Before I came here, I sent you a summary of expenditures in the past five years to your email. In addition to developing new business, Caongong also includes some procurement expenditures."
"Like a toilet that costs [-] US dollars, a bed that costs [-] US dollars, and a water bottle that costs [-] US dollars?" Charlie understood.
"Almost, the youngest son of Hugh Hefner used to be the director of procurement, but most of the people who dealt with them are no longer in the company. I am also the financial director who was just promoted at the beginning of the year. There are also moths in some existing businesses, such as charging Channel copyright purchase," Rowell said.
"Then check it out, and I'll let Sol send them to prison. I'll figure out a way about the money."
Then, Charlie wrote her a check for $1000 million on the spot.
"Repair what needs to be repaired, replace what needs to be replaced, try to create a comfortable environment for employees, and set up afternoon tea time. These don't cost a lot of money. If you encounter any problems, just tell me."
As an ordinary citizen, Charlie is well aware of the difficulties of social animals, and he plans to gradually increase employee benefits.
"Okay, Rosie." Rowell breathed a sigh of relief.
Although she appears calm on the outside, she is actually exhausted both mentally and physically.
Before, Christie's mind was not on the company, and Richard, the second-in-command, was a stubborn old man. The remaining senior executives were secretly colluding with each other, and there were countless small groups.
Charlie didn't know these things, but now it seems that he is really a good boss.
Just my private life... I'm too bohemian, how can I get along with my mother's best friend?
In fact, what Charlie did was very ordinary, but his predecessor's bad deeds made him look taller against the backdrop.
On the other side, Charlie is actually also evaluating the financial director. She has entered the senior management level with him, but she is not compatible with the second person Richard, and her abilities are also good. Charlie feels that this old and lascivious woman may be trustworthy. men.
He turned on the computer and logged on to Twitter. Yesterday's press conference was a complete success. Taylor's Twitter followers had reached 1. As for Faith, she was heading towards 15, and as for herself, she had nearly 20 followers.
The private messages I received were all kinds of strange. Some people directly insulted him, some asked him to leave Faith, some asked Taylor when he would release a new album, and some asked him to buy a certain issue of a magazine in a certain year.
It can be said that none of the news is positive, but neutral at most.
Charlie became more and more angry as he browsed through it, and finally found one that was about praising himself. But when he clicked on it, he found that he wanted to work in a magazine.
It seems that measures to reverse the public impression are imminent. Charlie thought for a while and tweeted:
[Some people ask me why I want to sell my financial company. Let me tell you the answer.Real estate prices have been rising for 30 consecutive years after they were securitized.As the Federal Reserve enters the interest rate hike cycle, the market begins to move sideways, and uneasiness is already spreading. Considering the large number of subprime loans in the market, an unprecedented financial tsunami is gathering energy. 】
[For ordinary people, there is not much you can do. Maybe you can buy Bear Stearns shares first, which will make your wealth skyrocket quickly. 】
Bear Stearns is the fifth largest investment bank in the United States. Before the financial crisis, its share price was as high as US$132. At this time, it was only US$75. It has huge room for growth. This stock has made him accumulative profits of hundreds of millions of US dollars.
When a prophet's "prophecies" are proven time and time again, every word he says will be regarded as scripture.Then there is the ability to manipulate reality.
He is going to slaughter Wall Street once, which is a necessary preparation.
Of course this was two months later.
Charlie then began to read the private messages sent to him by people on Twitter.
[Dear Charlie, I'm from New Jersey.Ever since I saw you on TV, I've been hopeless.I need you, dear, please contact me: XXX-XXX-XXXX]
[I will use mine to make... I am in Chicago, the door is open for you at any time, I know you can't wait...]
【.JPG What are you waiting for?I also want to have the experience of Faith Hill! 】
Are American netizens so direct?
In addition, there are some personal requests, the most common of which is to purchase a certain issue of a magazine in a certain year.
Seeing this, Charlie suddenly recalled the neighbors he met in Nashville. What Richard said was not entirely wrong. Some people had indeed seen it since childhood and developed "feelings" for this magazine.
You must know that in the eyes of a pure businessman, feelings are like a vegetable field with fertile soil, where the leeks grow healthy and strong, shiny and make people drool, tsk tsk.
Charlie called Rosenzweig: "I have a new idea about magazines, do you want to come and listen?"
(End of this chapter)
At noon the next day, Charlie put the two of them on the plane back to Nashville.
Everything seems to be on track, all I need to do is wait for the magazine to be officially released early next month, which is still about ten days away.
Although he had only been back in Chicago for four days, and spent most of his time on Faith Hill's belly, with no more than five hours of actual work, Charlie still felt deeply tired.
"People should combine work and rest." On the way back to the company from the airport, Charlie began to imagine where to go to HAPPY.
High end club?Private clubs?Why don't you open one yourself? Not only does it not cost money, but it can also make money. It's a perfect idea.
He didn't have much time to think about it. Not long after he returned to the company, an uninvited guest came to the office.
A lean old woman with fine wrinkles on her neck.Rowell is the company's financial director and is in charge of all the company's accounts and cash transactions.
"In fact, the company can't even afford maintenance workers now. The company's utility room is crawling with cockroaches, and two color printing machines in the editorial department have broken down and have been left there forever."
"Except for layoffs, we have tried almost all measures. The executives collectively cut their salaries by 30.00% to [-]%. The company building has been sold to a New York asset management company and signed a lease agreement. Even you The car I'm sitting in has been mortgaged to a used car dealer in Chicago. As I said earlier, even the damaged equipment can't be repaired now. And at the end of next month, there are three bank debts due. Millions of dollars, but we don't have any excess cash outside of the payroll budget."
"So, Mr. Charlie Rossi, the company urgently needs your assistance now." Rowell stated his intention.
Of course Qian Luoxi has it. He previously sold "Meijing" for 5 million in cash, and spent a total of 1000 million on acquisition expenses and other oddities. Most of the remaining money was put in the investment field. There is still 6000 million liquidity left.In short, it can easily help the company tide over the difficulties.
But, that doesn't make sense.
It stands to reason that even if a magazine with a stable audience cannot make much money, it will never lose money. If it can live on such a tight budget, there must be something fishy about it.
"Where did the money go?"
"Before I came here, I sent you a summary of expenditures in the past five years to your email. In addition to developing new business, Caongong also includes some procurement expenditures."
"Like a toilet that costs [-] US dollars, a bed that costs [-] US dollars, and a water bottle that costs [-] US dollars?" Charlie understood.
"Almost, the youngest son of Hugh Hefner used to be the director of procurement, but most of the people who dealt with them are no longer in the company. I am also the financial director who was just promoted at the beginning of the year. There are also moths in some existing businesses, such as charging Channel copyright purchase," Rowell said.
"Then check it out, and I'll let Sol send them to prison. I'll figure out a way about the money."
Then, Charlie wrote her a check for $1000 million on the spot.
"Repair what needs to be repaired, replace what needs to be replaced, try to create a comfortable environment for employees, and set up afternoon tea time. These don't cost a lot of money. If you encounter any problems, just tell me."
As an ordinary citizen, Charlie is well aware of the difficulties of social animals, and he plans to gradually increase employee benefits.
"Okay, Rosie." Rowell breathed a sigh of relief.
Although she appears calm on the outside, she is actually exhausted both mentally and physically.
Before, Christie's mind was not on the company, and Richard, the second-in-command, was a stubborn old man. The remaining senior executives were secretly colluding with each other, and there were countless small groups.
Charlie didn't know these things, but now it seems that he is really a good boss.
Just my private life... I'm too bohemian, how can I get along with my mother's best friend?
In fact, what Charlie did was very ordinary, but his predecessor's bad deeds made him look taller against the backdrop.
On the other side, Charlie is actually also evaluating the financial director. She has entered the senior management level with him, but she is not compatible with the second person Richard, and her abilities are also good. Charlie feels that this old and lascivious woman may be trustworthy. men.
He turned on the computer and logged on to Twitter. Yesterday's press conference was a complete success. Taylor's Twitter followers had reached 1. As for Faith, she was heading towards 15, and as for herself, she had nearly 20 followers.
The private messages I received were all kinds of strange. Some people directly insulted him, some asked him to leave Faith, some asked Taylor when he would release a new album, and some asked him to buy a certain issue of a magazine in a certain year.
It can be said that none of the news is positive, but neutral at most.
Charlie became more and more angry as he browsed through it, and finally found one that was about praising himself. But when he clicked on it, he found that he wanted to work in a magazine.
It seems that measures to reverse the public impression are imminent. Charlie thought for a while and tweeted:
[Some people ask me why I want to sell my financial company. Let me tell you the answer.Real estate prices have been rising for 30 consecutive years after they were securitized.As the Federal Reserve enters the interest rate hike cycle, the market begins to move sideways, and uneasiness is already spreading. Considering the large number of subprime loans in the market, an unprecedented financial tsunami is gathering energy. 】
[For ordinary people, there is not much you can do. Maybe you can buy Bear Stearns shares first, which will make your wealth skyrocket quickly. 】
Bear Stearns is the fifth largest investment bank in the United States. Before the financial crisis, its share price was as high as US$132. At this time, it was only US$75. It has huge room for growth. This stock has made him accumulative profits of hundreds of millions of US dollars.
When a prophet's "prophecies" are proven time and time again, every word he says will be regarded as scripture.Then there is the ability to manipulate reality.
He is going to slaughter Wall Street once, which is a necessary preparation.
Of course this was two months later.
Charlie then began to read the private messages sent to him by people on Twitter.
[Dear Charlie, I'm from New Jersey.Ever since I saw you on TV, I've been hopeless.I need you, dear, please contact me: XXX-XXX-XXXX]
[I will use mine to make... I am in Chicago, the door is open for you at any time, I know you can't wait...]
【.JPG What are you waiting for?I also want to have the experience of Faith Hill! 】
Are American netizens so direct?
In addition, there are some personal requests, the most common of which is to purchase a certain issue of a magazine in a certain year.
Seeing this, Charlie suddenly recalled the neighbors he met in Nashville. What Richard said was not entirely wrong. Some people had indeed seen it since childhood and developed "feelings" for this magazine.
You must know that in the eyes of a pure businessman, feelings are like a vegetable field with fertile soil, where the leeks grow healthy and strong, shiny and make people drool, tsk tsk.
Charlie called Rosenzweig: "I have a new idea about magazines, do you want to come and listen?"
(End of this chapter)
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