Rebirth of the Industrial Tycoon

Six hundred and thirtieth chapters emotional

At the signing ceremony, Song Jinlong stamped Huanghai Petrochemical's seal with a smile all over his face.

Chairman Song, please leave this part of the project to Huanghai Petrochemical! Director Wang said while handing over the contract he had signed to Song Jinlong.

Director Wang, don't worry, Huanghai Petrochemical will definitely complete the task with quality and quantity! Song Jinlong replied immediately.

Li Weidong, who was standing not far away, also breathed a sigh of relief. Huanghai Petrochemical won this important project, and Li Weidong can also successfully win the New Oriental Electric Machinery Factory.

Beside Li Weidong, a bald man said: Chairman Li, your prediction is really accurate! A company as big as Enron, you said they would go bankrupt, and they really went bankrupt!

Director Sui, you're hurting me! I've heard that, now everyone in your financial circle calls me the number one crow's mouth in the world! Li Weidong said with a smile.

How can I, I admire you from the bottom of my heart! Director Sui lowered his voice and continued; In addition, on behalf of our bank, I would like to express my heartfelt thanks to you.

Director Sui is a high-level cadre of the bank, so he is considered a member of the financial circle.

A project as large as the West-to-East Gas Pipeline will definitely require a lot of money for its construction. This kind of large-scale infrastructure construction is generally not directly funded by the government, but will go through some financing channels in the middle, so banks will definitely participate in it.

The bank sent senior executives to participate in the signing ceremony, and get acquainted with the construction party by the way, so as to facilitate future communication and business development.

It is also a very normal thing. So Director Sui appeared here.

Director Sui said: Chairman Li, to tell you the truth,

The overseas investment department of our bank,

Also invested in some Enron stock and bonds.

In previous seminars,

We have also heard about your judgment that Enron will go bankrupt,

We thought your analysis made sense, so we quickly dumped Enron stock and bonds.

While we were selling stocks and bonds, prices had already started to fall,

But at least the capital was recovered. If we waited until Enron filed for bankruptcy, we would lose everything.

It is really thanks to you, Chairman Li, that we have avoided a large loss, so let me be a representative in the industry to express my thanks to you in person.

So that's the case. Li Weidong replied with a smile: Director Sui,

It's not my fault either,

You have to believe me if you can do it,

And even if appropriate measures are taken,

To avoid the loss of assets.

Chairman Li is really too polite. Director Sui said quickly.

Enron went bankrupt, causing heavy losses to many investment institutions. Among them, the biggest losses should be Morgan and Citigroup,

They lost almost $800 million,

The losses of several other large investment institutions in the United States are also calculated in units of billions. Those who can lose forty to fifty million are considered small.

Because of Li Weidong's judgment, the domestic banks got away early and recovered their capital, which is considered a blessing in misfortune.

After the two exchanged a few more polite words, they only heard Director Sui say; Chairman Li,

If you have any important news in the future,

For example, which big company is going to close down again, you have to tell us in advance!

Of course, our bank will not ask for your information in vain. If you have something that needs our bank, just mention it. As long as we can do it, we will definitely help.

Is it okay to take a large loan? Li Weidong asked immediately.

For private enterprises, obtaining loans is always the most necessary thing. Many private enterprises rely on bank loans to maintain their capital chain. Once the bank cuts off the cash flow,

Businesses can go out of business in an instant.

Private enterprises want to obtain loans from banks,

It's not an easy thing either,

Especially in obtaining loans from the four major state-owned banks, the difficulty has to be increased by another level. Therefore, a large number of private lending companies began to rise, and many of them were simply usury.

When it came to the loan, Director Sui hesitated for a moment and asked, Chairman Li, how much do you plan to borrow?

Li Weidong smiled slightly, and replied: Our company borrows from the bank, so it is natural for Han Xin to recruit troops. The more the better!

The more the better, there must be a number! Director Sui said.

Li Weidong didn't answer directly, but changed his voice and asked, Director Sui, do you know WorldCom?

Director Sui thought for a while, and then asked, Are you talking about a telecommunications giant in the United States?

Yes, it's them. Li Weidong continued; According to my judgment, WorldCom will become the next Enron, and it is estimated that by this time next year, they will also follow the path of Enron. If your bank invests in WorldCom, I suggest that you stop as soon as possible!

Director Sui was taken aback for a moment, and then immediately understood that Li Weidong was showing his bargaining chips.

This seems to mean that the news that WorldCom will also go bankrupt is worth the amount of loan your bank will lend, so weigh it carefully!

More importantly, if Li Weidong's Crow's Mouth prediction is successful again this time, how much loans the bank should lend will also have to be weighed carefully.

This is probably like selling watermelon, first cut a triangle for customers to taste whether it is sweet or not,

If customers taste it, it is really unprecedentedly sweet, even if the price is more expensive, they are willing to pay for it.

WorldCom? I remember it. Thank you Chairman Li for the information. Director Sui nodded.

One year is not a long time, and Director Sui can afford to wait. If WorldCom really embarks on the same path as Enron, Director Sui will ask Li Weidong for a loan at that time.

WorldCom is the second largest communications company in the United States, second only to AT\u0026T in the United States.

AT\u0026T, formerly known as the Bell Telephone Company, was the company founded by Bell, the inventor of the telephone.

Originally, the telecommunications industry in the United States was basically monopolized by Bell Corporation. Later, WorldCom promoted the anti-monopoly bill and split Bell Corporation into the so-called Seven Bell Brothers.

In the midst of the competition, worldcom has experienced a series of acquisitions, and the scale of the company has expanded rapidly, especially after the acquisition of mci, it has become the second largest communication company in the United States. The status in the United States is equivalent to China Unicom.

In addition to being the second largest telecommunications company in the United States, WorldCom before bankruptcy was also the world's largest Internet provider. Therefore, WorldCom in its heyday was even better than China Unicom in overseas business.

Such a huge company filed for bankruptcy in July 2002, and went through the entire bankruptcy process in 2003.

The reason why WorldCom went bankrupt was because of financial fraud, just like Enron.

What is even more ironic is that it was Axinda Accounting Firm, which served Enron, who was responsible for providing audit services to WorldCom.

Originally, Enron Corporation was already the largest bankruptcy case in American history, but Americans never imagined that this largest bankruptcy case in the United States would be refreshed by WorldCom's bankruptcy case a year later.

Even in later generations, WorldCom's bankruptcy case is the third largest bankruptcy case in American history, second only to the collapse of Lehman Brothers and Washington Mutual Bank in the subprime mortgage crisis.

The bankruptcy of WorldCom also had a huge impact on the U.S. economy, even more serious than the bankruptcy of Enron.

There are more than 50 companies in the United States that have borrowed more than 100 million US dollars from WorldCom, and all the world's well-known investment banks have invested in WorldCom.

Pension funds in the United States also invested heavily in WorldCom. Michigan's Pension Fund Lost From WorldCom Collapse

11.6 billion US dollars.

Moreover, the bankruptcy of WorldCom also dragged down the world stock market. After the WorldCom incident broke out, the Tokyo stock market fell by 4, the Korean stock market fell by 7.15, the Singapore stock market fell by 2.15, and the Hang Seng Index also fell by 2.39.

There is no doubt that WorldCom's bankruptcy is another super nuclear bomb for Financial Street!

At that time, President Bush Jr. was really not good at economics. Among the top ten bankruptcies in the United States, five of them occurred during his administration.

They were Lehman Brothers and Washington Mutual in 2008, WorldCom and Conseco in 2002, and Enron in 2001.

General Motors, CIT Group, and Chrysler, which went bankrupt in 2009, can also be regarded as the mess left by President Bush Jr.

In this way, except for the bankruptcy of Pacific Gas and Electric in 2019 and Man Financial in 2011, the top ten bankruptcy cases in the United States are all related to President Bush Jr.

It was also because they really didn't know how to engage in economics, so the United States at that time transferred the conflicts to foreign countries, so that ordinary people should not pay too much attention to domestic economic issues.

Although it was a verbal agreement between Li Weidong and Huanghai Petrochemical, Huanghai Petrochemical still kept its promise and sold New Oriental Motor Factory to Li Weidong.

For a large enterprise of this level, reputation is still very important. If Huanghai Petrochemical defaults on its debts, who will cooperate with Huanghai Petrochemical in the future?

What's more, there has been a cooperative relationship between Li Weidong and Huanghai Petrochemical for many years, and Huanghai Petrochemical can't make a difference to offend an old friend. Doing business in China has always been like this. If you can have one more relationship, you may use it someday.

Although the scale of Guzhu New Oriental Electric Machinery Factory is small, it is a state-owned holding company. Although the salary is not high, the advantage is that the job is stable, and it can save face when it is spoken out.

Now being acquired by Li Weidong, it has become a private enterprise, which is of course not as good as before.

For many northerners, apart from civil servants, public institutions and state-owned enterprises, others are not considered serious jobs.

After the news of the acquisition came out, the workers of the New Oriental Electrical Machinery Factory immediately went into a rage, and many even went to the Huanghai Petrochemical office building to ask for an explanation.

In Song Jinlong's office, several worker representatives from the New Oriental Electric Factory were complaining nonstop.

Dong Song, the New Oriental Electrical Machinery Factory was originally a workshop of Huanghai Petrochemical, and we were all employees of Huanghai Petrochemical. Later, the company split up its business and we were separated. But we are still Huanghai Petrochemical's people!

Now, the directors of the group held a meeting and sold us to self-employed without discussing with us. How can the group do this? This is too unkind!

The person who spoke was named Pan Yongjian, who was the director of the New Oriental Electric Factory.

An old worker who was nearly fifty years old also said: I entered the electrical workshop as an apprentice when I was fifteen years old, and I have been working for thirty-two years. , I have worked hard, right? It’s good now, I’ve worked so hard for Huanghai Petrochemical for most of my life, but I’m not wanted anymore!”

Another person said: Yes, when the factory was built, my dad slept in the shed every day to build Huanghai Petrochemical. The five members of our family dedicated our youth to Huanghai Petrochemical. We are not needed now. , just kicked us away, I refuse to accept it!

Facing the worker's questioning, Song Jinlong had no choice but to explain again: Several masters, the sale of New Oriental Electric Factory is also for the future development of the group, and I hope everyone can understand.

Dong Song, you don't need to explain anymore. The group has already explained it many times, and I'm tired of hearing it. We just don't believe it. Why should we be sold! Pan Yongjian, the leader, said.

After all, motors are not the main business of Huanghai Petrochemical. Optimizing the industrial structure of the company is also a reform to adapt to the new economic situation. Song Jinlong paused, and then said:

Director Pan, in fact, this is not a bad thing for you. You must have heard of Li Weidong's name. He is also a well-known private entrepreneur in China. In the future, the New Oriental Motor Factory will be handed over to Li Weidong. Definitely going to the next level.

As far as I know, Li Weidong is not a stingy person. He has always been willing to pay his employees. If you work with Li Weidong, your salary may be higher than it is now.

This private enterprise also has the benefits of private enterprises. As long as it does a good job, there is no ceiling on wages. Unlike here, where we have to abide by the salary system, even I, the chairman of the board, have to get paid according to the regulations!

That's different. Huanghai Petrochemical is a state-owned enterprise anyway, and the job is stable. If you go to work with self-employed workers, the wages may be higher, but if you don't have enough guarantees, the company will go bankrupt one day, and then you will lose your job! The elderly master Open your mouth and say.

Song Jinlong quickly corrected: Master Wang, Huanghai Petrochemical is no longer a state-owned enterprise, but a state-owned holding company, which is different from before. We are now also managed according to the management system of a modern enterprise.

I don't care what kind of holding company it is, anyway, I am so old, I just want to be safe, and I hope I can get through retirement to get my salary. If you sell New Oriental Electric, what will happen to my retirement salary in the future? The tall Master Wang said with a stubborn face.

Song Jinlong had no choice but to continue to explain; Master Wang, the country has reformed long ago regarding retirement. Retirement wages are no longer paid by enterprises, but by social security funds. affect your pension.

I don't understand what is gold and what is gold! Anyway, I have worked in Huanghai Petrochemical all my life, so you can't kick me! Master Wang still said stubbornly.

Yeah, talking for a long time is nothing! Song Jinlong sighed helplessly. Facing a teacher like Master Wang who has been working for more than 30 years, the other party said I don't understand, making it clear that he wants to rely on the old to sell the old. Song Jinlong really didn't Method.

So Song Jinlong had no choice but to ask; Master Wang, what exactly do you want, let's just say it!

New Oriental Motor Factory cannot be sold! Master Wang said immediately.

This is definitely not possible. The contract has already been signed. If you go back on your word at this time, not only will you have to pay a huge amount of liquidated damages, but Huanghai Petrochemical's reputation will also be affected. Song Jinlong shook his head decisively.

It doesn't matter if you want to sell the factory. Those of us who work in the electrical machinery factory have to go back to Huanghai Petrochemical! Master Wang continued.

Master Wang, what kind of work can you do when you return to Huanghai Petrochemical? Song Jinlong continued, Huanghai Petrochemical doesn't have an electrical workshop anymore.

If I don't make motors, why can I do other jobs? I have worked in the first-line workshop all my life, so what else can I not do! Master Wang said proudly.

Song Jinlong smiled slightly and asked, Master Wang, can you operate a cracking furnace?

What is a cracking furnace? Is it a boiler? Master Wang asked subconsciously.

Do you know how to operate the pyrolysis quenching chamber? How about pyrolysis oil operation? Separate compressor operation? Separate cooling chamber operation? Song Jinlong asked one after another, and Master Wang's face was full of confusion.

Master Wang, these are the basic operations of the ethylene plant in our olefin workshop, and they are also positions with relatively low technical requirements in the workshop, but you don't know how to do this. How can I arrange work for you! Song Jinlong said helplessly. .

When Master Wang was still in the motor workshop of Huanghai Petrochemical, Huanghai Petrochemical still used the backward technology of the 1950s, without even automation, and it was purely manual.

The Mobil production line introduced by Li Weidong to Huanghai Petrochemical is already an American technology in the 1980s. Over the years, Huanghai Petrochemical has purchased and developed some new technology and technology. How could Master Wang understand it!

However, Master Wang said with an unconvinced face; I am a motor maker, you can assign me to a position related to motors.

Song Jinlong nodded: That's okay, our motor control center has a new control system, can Master Wang operate it?

What control system? Master Wang was puzzled again.

Song Jinlong continued to explain: The power distribution room of an olefin workshop has four levels of voltage, namely 6000v, 380v, 220v and 48v.

Among them, 6000v is used by the main equipment, which is the p1501b, p1505b and p7005 equipment we are currently using.

380v provides low-voltage motors, soot blowing motors, and mov electric valve motors. These motors are all controlled through the control center, and it is necessary to master the corresponding operating system.

220v is mainly used for lighting circuits, small electric tools, emergency lights, inverters, power distribution devices, and 48v is for instrument power, interlocks, alarm systems, etc...

Song Jinlong introduced a lot, but Master Wang basically didn't understand much, and he was immediately confused.

Why is it so troublesome to get a motor now! Master Wang frowned, and then said: If you are not professional, you can arrange me in a logistics post. I have worked in the front line for more than 30 years, and I went to the logistics It's not too much until retirement!

Not too much, of course not too much! Song Jinlong smiled slightly, and then asked: Master Wang, do you know how to use office tools?

Why not die? Master Wang became confused again.

Just use a computer to type and make forms. Song Jinlong didn't explain much, but sighed: It seems that you don't know how to do it.

You're talking about typing on a computer! I'm already my age, how can I use a computer! Master Wang shook his head.

Master Wang, now everyone in the logistics position has started to use computers to work. It is not an exaggeration to say that during the festivals and holidays, the labor union will give benefits, and they have to be input into the computer first, let alone other professional positions. If you don't know how to use computers, It's hard to arrange work in the logistics! Song Jinlong said helplessly.

Then I'll go clean, or look at the head office at the gate! Master Wang deliberately put on a broken expression.

Definitely not! Song Jinlong shook his head without hesitation, and continued; The security work and cleaning work of Huanghai Petrochemical have already been contracted to the property management company.

If you want to watch the gate or clean the house, you have to resign first and then go to the property company. Of course, if you really want to go, I'll tell the manager of the property company and let him arrange for you to go in.

The property company belongs to our factory? Master Wang asked subconsciously.

No, the property company is also run by individuals. I remember that the one who looks after the gate is paid 450 yuan a month, not including food and housing, and the one who cleans is 500 yuan a month, not including food and lodging. And they don't pay pension insurance. There is no rest day. Song Jinlong replied.

Hearing this treatment, Master Wang couldn't help complaining: It's better to stay in the electric motor factory!

Isn't that right! Song Jinlong nodded, and continued, Master Wang, you've seen it too. It's not that we don't want to place you, it's because there is no job for you. Even if there is a job, you can't do it!

That can't sell us to self-employed people! Master Wang is still firm.

Song Jinlong sighed helplessly again, and then continued: It seems that I can't talk to you. Well, let Li Weidong come and talk to you in person! I have already asked Chairman Li to come over.

Song Jinlong looked at his watch while talking, and then said: Calculating the time, Chairman Li will be here in ten minutes!

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