Back To 1995

  Chapter 955 Fake show for real

"Enron's chief financial officer Fastow, other executive president Mark Kirksea, and chief financial accountant Causie and other 29 executives were all sentenced to nine to twenty-four years in prison. The total fines imposed on Enron's executives More than half a billion dollars!"

   "Today, Wall Street institutions and Enron investors simultaneously filed a class action lawsuit against Enron, including Andersen, which provided audit for Enron, and banks including Citigroup, Morgan, etc., and it is estimated that they will claim more than 7.14 billion U.S. dollars!"

"Fastow's wife was also sentenced to one year in prison for her involvement in insider trading. Today, the Houston Federal Court did not initiate a lawsuit against Enron President Kenneth for some reason, but it is expected that the Kenneth family includes Mrs. Kenneth, Linda Lai, etc. People will also face huge fines..."

  TV Shanghai continued to report, and Jeff Skilling became the biggest scapegoat of the Enron Group and took all the scapegoats on his back.

  Originally, he had reached a plea agreement with the Federal Department of Justice. These sentences may be just a trick. As long as he pays a huge fine and a huge bail, he may be released on bail in a few years.

But now, with the intervention of the Elephant Party, Jeff Skilling may have to make a fake show, and really get out of prison. Staring at the side.

   "Jeff Skilling is going to be in a federal prison in Texas!"

Chuck Rhodes added to Song Yang that the state of Texas is going to "forcibly keep" Jeff Skilling in the Lone Star State. He wants to go to the New York Federal Prison, Los Angeles, etc. It is impossible to step on the sewing machine on the territory of the city, and it will not let him run away at all.

   "Enron will declare bankruptcy tomorrow!"

   Chuck Rhodes said helplessly that he is the boss of Houston, and he is naturally aware of Enron's situation. As soon as today's judgment came out, he knew that Enron's bankruptcy was inevitable.

   It’s not that Enron can’t afford to pay the billions of dollars in compensation. If the compensation is paid, Enron can survive, and the Houston municipal government will also help Enron.

But this round of compensation is over. Those Wall Street institutions, state pension funds, and overseas foundations that have lost hundreds of billions of dollars because of investing in Enron, whether to pay or not, this is a bottomless pit. As long as the Enron brand is still there , will always be sued for compensation, and will continue to suffer from it. Now that the Enron brand is taken off, Enron's family property can be preserved, otherwise it is really waiting to die. I am afraid that Houston and Texas are not all To be implicated.

  Enron is one of the largest tax-paying groups in Houston, and directly provided more than 20,000 to 30,000 jobs for Houston.

In addition to Houston, there are countless companies in the federal states that are closely related to Enron. For example, Miami's newspaper printing factory with more than 5,000 employees, natural gas pipeline maintenance personnel, etc. Followed by a declaration of bankruptcy.

   "Enron can go bankrupt, but the industries under Enron cannot go down!"

Adrian also said at this time that he is the current boss of Texas, and Houston's pot has leaked, and he can't stand on the sidelines, not to mention that Houston is still his hometown, and it's impossible to really ignore it. , then his reputation is probably going to be bad, and it will be difficult to canvass votes in Houston in the future.

   When saying this, Adrian and Chuck Rhodes looked at each other, and then looked at Song Yang.

   "Song, what do you think of An Ran?!" Chuck Rhodes asked Song Yang implicitly.

When Song Yang heard this, he could not help but smile. Adrian and Chuck Rhodes didn't care whether An Ran died or not. Who can take over the tens of thousands of employees in Sri Lanka, and who can fill in the tax hole after Enron's collapse.

  As long as these two are resolved, Adrian and the others don't care at all, and how to deal with the Enron legacy is up to the question.

Although after Enron went bankrupt, the properties and debts left by it were all handled by the federal bankruptcy court, but as local snakes, Houston and the state of Texas also had a lot of say in this matter, preferring Which company, the municipality of Houston and the municipality of Texas, can give priority to which company to sell those Enron properties on their land.

No matter how powerful the Federal Bankruptcy Court is, it is as high as the mountain and far away, just like Enron's newly built headquarters building in Houston. The Houston municipal government sold it to compensate Enron's employees. What can the Federal Court say? I can't grab it, I really think the red neck can't hold the gun, right? !

  Compared to Chuck Rhodes, Adrian is much more straightforward, "Song, although Enron's bankruptcy is inevitable, he still has a lot of property.

Enron is in Houston. The newly built building is located at 1500 Louisiana Avenue. Its new headquarters is worth 470 million US dollars. If you are interested, the Houston municipal government can sell it for no more than 150 million US dollars. !

   There is also 1400 Smith Street in Houston’s business district, the 50-story building that is currently Enron’s headquarters, which can be sold for 70 million US dollars, and Enron has seven lands in Houston, all located in Houston’s business district…”

Adrian wanted a lot of Chiguoguo, so he directly stated that as long as Song Yang wanted it, those industries in Anran, Texas and Houston, could be auctioned to Song Yang at the fracture price, as long as the original price Half, or even a quarter!

   This is almost a free gift, and it is also the usual method of the powerful people in America. To toss and bankrupt a giant, it becomes a piece of fat, and they can cut it as they want!

Although Enron is about to collapse, it has a lot of good things in its hands. Not to mention the buildings and land in Houston, these things are all located in the best areas of Houston. If you buy them, after a few years, whether you sell them yourself Going out, or renting out, it is a steady profit without losing money.

And Enron, the most important thing, is still ranked first, with 37,000 kilometers of natural gas pipelines, power plants, natural gas wells, oil mines, coal mines, and dozens of overseas mines in America. Before Jeff Skilling bought many mines for real money in order to manipulate the price on Enron's online energy futures platform!

  In addition to these noteworthy industries, the most valuable thing about Enron is the Enron online platform developed by Double-click Company back then.

   It is now the world's largest energy futures platform. Although Jeff Skilling has done a lot of showmanship, Enron Online Platform is indeed the world's largest energy exchange, with an annual transaction volume of more than 200 billion US dollars!

  Even if he doesn’t end up as a banker, he earns no worse than the London Stock Exchange and the Chicago Board of Trade by collecting transaction fees every year. Jeff Skilling is too eager for quick success and a little too greedy!

Song Yang is most interested in Anran, that is, natural gas pipelines, power plants, and Anran's online platform. These are the most valuable things in Anran, but it is not so easy to get them. People who are eyeing this piece of fat Not a lot.

Facing Adrian and Chuck Rhodes, Song Yang didn't need to hide it, they were all grasshoppers on the same rope with Song Yang, Song Yang was really unlucky, they were not much better, the same , the two of them stumbled, and Song Yang's lair was probably going to be unstable.

   "Anran's meat is not so delicious. Anran now owes more than 30 billion US dollars in debt, and there are probably not a few people who are eyeing it!" Song Yang also said.

   Hearing Song Yang's words, Chuck Rhodes was not only not disappointed, but lifted up his spirits. As long as Song Yang didn't say no, it meant there was something going on.

  Letting Song Yang, a familiar person, take over Enron, is better than letting other hyenas dismantle Enron, leaving no hairs to Houston and Texas.

   "As long as Song is interested, there is hope for this matter. I think that the 28,000 employees of the Enron Group also hope that the Bruno family will take over Anran!"

Chuck Rhodes said with a little excitement, if the mess of Enron can be solved, his approval rating in Houston will probably explode. As long as he doesn't want to, no one will let him leave the boss in Houston s position.

  Adrian now has a lot more air of a big man, sitting there, lighting a cigar, and shaking his arm.

   "This matter cannot be resolved immediately. We have to wait for Enron Group to apply to the Federal Bankruptcy Court. After the approval, we will deal with the property left by Enron. We still have time!

The municipalities of Texas and Houston will stand on your side. This can guarantee that the Bruno family will get half of the property left by An Ran. If the little cowboy can successfully become the commander-in-chief, it is expected that the Bruno family will be able to take over all of An Ran. group! "

  With the state of Texas and Houston, the two bosses, the other group of people who are eyeing the legacy of the Enron Group dare not do too much. If they want to take advantage, they need the consent of the two bosses.

  And if the little cowboy can successfully sit on the throne of the Great Commander, then the Federal Bankruptcy Court will not stop the Bruno family from taking over the Enron Group.

As for Adrian, Chuck Rhodes and the others, they will definitely get a reward from doing all this. Adrian knows Song Yang's character. If it can be done, it doesn't matter if it is him or Chuck Rhodes Or the little cowboy and other characters can receive a lot of public relations fees and donations.

  Gleick also took the opportunity to say at this time, "If the Bruno family really takes over the Enron Group's business, we hope that the municipalities of Texas and Houston can provide guarantees and loans!"

  Acquisition of the property left by the Enron Group, even if it takes over at a cabbage price, it will have to bear a large amount of debt, and it will have to re-start the operation of the Enron Group's industry, and a large sum of dollars will be invested.

It is absolutely impossible to expect the Bruno family to bear all the risks. Greck is the state of Texas and the municipal government of Houston, and let them provide guarantees for the Bruno family, so that they can borrow a large amount of dollars from the bank, even if they really can’t play. Turn, the Bruno family is not the only one that is unlucky, and don't pay so much money!

   "Of course, the municipality of Texas will provide a guarantee for the Bruno family, and it will also provide tax incentives!"

  Adrian didn't think too much, so he agreed directly. There must be risks, but there is no turning back. Song Yang is willing to take risks, and it is impossible for him to do nothing.

After staying in Songyang's suburban manor for a while, Adrian and Chuck Rhodes left one after another. The two of them are also very busy now. It is a special honor to be able to stay here in Songyang for a long time. It's not easy.

   "If you take over the property of the Enron Group, I'm afraid you will have to pay a lot of cash flow!"

   After Adrian and the two left, Greg thought for a while and said that even if he could borrow money from the bank to take over the Enron Group, it would cost a lot of money.

  Song Yang nodded noncommittally, but said instead, "If Baker Hughes Energy can take over the Enron Group, the Enron online platform will also make changes!"

  Baker Hughes Energy Company is a leek harvested from General Electric, allowing it to acquire Enron, just enough to concoct an energy giant covering the entire industry chain of natural gas and oil.

   You don’t even need to let Enron delist, just take off the Enron brand and put up the Baker Hughes energy signboard, and you can cut leeks directly...

The Enron Online platform is definitely going to change its name and become the American Energy Futures Exchange directly, and merge the London Stock Exchange, Chicago Board of Trade, and Mexico Futures Exchange. Then Enron Online will be able to transform itself into the world's largest futures exchange. In the futures exchange, it is probably more efficient to cut up leeks!

  Hearing that Song Yang wanted Enron Online to acquire the London Stock Exchange and the Chicago Board of Trade and become the world's largest leek harvesting venue, Greg couldn't help but twitch.

Seeing Greg's expression, Song Yang didn't say a word. If Enron Online Platform is really turned into the world's largest exchange, then after a few years, it will directly issue a certain virtual currency and become a global exchange. The largest virtual currency exchange, it is estimated that it will be able to harvest leeks for many years!

  While Song Yang was discussing how to cut An Ran's cake, someone on the other side was thinking about An Ran's piece of fat.

  Jeff Skilling, who had just been transferred to the federal prison in Houston, sat there with a bleak face, and said hoarsely to the person sitting opposite him, "So, I won't be transferred to the federal prison in Manhattan, will I?!"

  Stepping on a sewing machine here in Houston is completely different from stepping on a sewing machine in New York. Jeff Skilling knows this well.

  Ella Cherry nodded expressionlessly, "I tried my best, but the Houston Federal Court won't accept your transfer. Some people in the Elephant Party don't want you to leave Houston!"

  Jeff Skilling laughed hysterically. If he had known this earlier, he would never have backstabbed Kenneth and consciously retreated. But now, he has been abandoned by everyone.

   "You promised me, if it wasn't for me, Fastow and those people wouldn't plead guilty..." After laughing miserably for a while, Jeff Skilling couldn't help but pleaded, and said to Ella Cherry.

   "I tried my best, I even sent a request to the director of the Federal Department of Justice, but Houston is unwilling to let you leave!"

  Ella Cherry stood up, and said word by word, with disgust in her eyes, "You deserve it too!"

   I'm sorry, I can only change it once today. Someone in the family has been recruited. I took an infusion today and tossed it all day. I'm really sorry. Everyone must take care of yourself and your family ()

  (end of this chapter)