Extraordinary Genius

Chapter 1059: Wealth is a Joke

Although Enron issued a statement, there is all kinds of evidence that Feng Yu did not lie, nor did the two professors lie.

Even the two professors said that senior members of Enron had secretly intended to bribe them, hoping that they would speak out of conscience and were rejected by them.

As for their role as financial advisors to the Rain Holding Group, they did not mention it.

As soon as Enron's share price drops, it opens for five minutes and can no longer be sold.

At this time, Enron's executives were undoubtedly ashamed, but at the same time there was a magazine, surrounded by many journalists, the leader of which was Forbes.

“Mr. Malfoy, on what basis did Fortune rank Enron among the top 100 employers in the United States? What do you think of a company where executives collectively manipulate stock prices for financial fraud? ”

“Mr. Malfoy, does Fortune rank Enron as the most innovative company for years in a row, an innovation spirit that refers to their level of financial counterfeiting? ”

“Do Fortune magazines, as many people have said, serve the rich? As long as someone else gives you money, you can mislead investors by rating them highly? ”

“Mr. Malfoy...”

Malfoy, editor-in-chief of Fortune magazine, is getting bored with these reporters. What kind of questions are these reporters asking? Our magazine selection, naturally, has a set of our selection mechanism. How do I know that Enron's finances have been faked for so many years?

Didn't those who bought Enron stock know about it?

We can only interview surveys, evaluate them through their publicly disclosed financial statements, then measure impact, visibility, etc., and rate them one.

You reporters dare to say, who hasn't heard of Enron Corporation?

There are people who say that we at Wealth serve the rich. How is that possible? We serve the businessmen! That's above the middle class, not the rich class you're talking about. We assess, to stand in the perspective of a third party, to ensure fairness, will we break our own brand?

The loudest one here is Forbes, who doesn't know, you Forbes want to rank the top 500 companies in the world, but people only recognize us as Fortune!

“Editor-in-Chief, some media want us to hold a press conference, you see? ”

Malfoy waved irritably: "Tell them to hold a press conference tomorrow at 10 a.m. and I'll explain it. Also, notify the layout leaders, operation leaders, etc. to meet in 10 minutes! ”

Wealth is a private company, made more official than the official in previous life, and what makes Wealth the world 500 is the goal of many companies struggling.

But in Feng Yu's view, Wealth's evaluation mechanism at this time is very problematic. It is mainly evaluated in terms of market value, influence, visibility, etc., but does not pay attention to profit margins, debt ratios, etc.

The so-called survey of folk reputation, which is simply bullshit, is how many reporters of Fortune are, and even if they have commissioned a sample survey, the data will certainly not be accurate.

Feng Yu believes that to evaluate the strength of a company, at least the expected profit margin or something must be taken into account. Companies with too high a debt ratio, which is borrowing money to stick to their faces, can easily go wrong.

Let's look at the top 500 companies in the world selected by Fortune last year. In less than three years, many companies will be merged and many will go bankrupt.

Five hundred companies in the world, three years to get to this point, can you even call it a strong word?

Can a world's top 500 companies be tortured into bankruptcy in just two or three years? Are those executives pigs? Of course not, but the companies themselves have been amplified.

Many companies are completely empty shells, and without equity financing, I'm afraid they would be yellow. Built on stock price increases, then backed up by bank loans. But those executives don't lose, the stock price goes up, and their homes go up, and when they cash in, they make a lot of money.

As for saying the company is finished, the investors are at a loss, so do what they do!

Feng Yu always thought, why should I let someone else rank with us when I work so hard to run a company?

This is the constant thinking of the United States, putting on a look like a world boss: come on, you guys, come on, I'll line you up by size.

But Feng Yu was very upset, or related to the low ranking of Feng Yu Holding Group and Taihua Holding Group, they were all 100 people out!

If you take me as the boss, then everything else is fine. Feng Yu is still very fond of those who praise him. You put so many shitty companies on top of me, how can that be!

The matter of Fortune magazine is also the result of incitement by Feng Yu. He wants to let people know that he can't be too blind to superstitious about magazines like Fortune, and that data can sometimes be deceptive!

When Fortune was in crisis PR, Feng Yu enjoyed the game for what he deserved. I didn't expect the Wind and Rain team to play so well this year, but he really kept West Sixth until the end of the season.

More importantly, the opponent happens to be the Pioneer Team, which is also a narrow road to the wrongdoer!

“Good shot!” Feng Yu clapped and clapped, Pierce rushed up, and the basket was also very nice.

“Wow ~ ~” Carter actually put on a big windmill buckle basket in the playoffs, and suddenly... got a shriek. Because this is the home of the pioneers.

Paul Allen looked at Feng Yu on the scene angrily, and the kid came by himself and drew a hundred lucky audiences and chartered a plane to Portland.

He completely forgot that he was planning to go to Los Angeles with 2,000 spectators, but it didn't turn out so good.

The cell phone in his pocket rang, Feng Yu stood up and walked into the player's aisle.

“Ralph, what is it? ”

“The owner, Malfoy, editor-in-chief of Fortune magazine, said they had no questions about their selection, that journalists had been instigated by hearts and minds, and that reporters had asked if it was you, Malfoy had chosen acquiescence. ”

What, you got it? So what? I'm telling the truth.

“Speak on my behalf, say Fortune magazine, the selection is problematic, otherwise can you be on the list? Those charts are a joke!” Feng Yu smiled coldly.

“Boss, you really want to say that?” Ralph was a little surprised. Didn't you tear your face apart from Fortune? Aren't you afraid Fortune magazine will hack you?

“Go on.” Feng Yu said lightly.

Once again, Feng Yu was on the front page. This time, Feng Yu made a public mockery of Fortune magazine. Promising that Fortune magazine is a joke! This issue of Wealth has fallen to a record low.

……