Although Enron issued a statement, various evidences show that Feng Yu did not lie, and neither did the two professors.
The two professors even said that Enron executives secretly planned to bribe them in the hope that they would speak out of conscience, but they sternly refused.
As for the fact that they will serve as financial advisors to Fengyu Holdings Group, they never mentioned it.
Enron's stock price fell again and again. Five minutes after the market opened, it could no longer be sold.
At this time, Enron's executives were undoubtedly looking ashen, but at the same time there was a magazine office surrounded by many reporters, the leader of which was someone from Forbes.
"I would like to ask Mr. Malfoy, what is the basis for Fortune's selection of Enron as one of the 100 best employers in the United States? What do you think of such a company that has committed financial fraud and whose executives have collectively manipulated the stock price?"
"Mr. Malfoy, Fortune has rated Enron as the most innovative company for many years in a row. Does this innovative spirit refer to the level of innovation in their financial fraud?"
"Is Fortune magazine, as many people say, for the rich? As long as others give you money, you can rate them very high to mislead investors."
"Excuse me, Mr. Malfoy..."
Malfoy, the editor-in-chief of "Fortune" magazine, was almost annoyed to death by these reporters. What kind of questions were asked by those reporters? Our magazine naturally has our own selection mechanism for selection. There has been no problem for so many years. How do I know? , Enron Company's financial fraud
Don’t those who bought Enron stock also know this
We can only interview and investigate, evaluate them through their published financial statements, and then evaluate their influence, popularity, etc., and give them a rating.
Dare you journalists say, who has never heard of Enron
Some people actually say that our "Fortune" is for rich people. How is this possible? We are for business people! That is, the middle class and above, not the rich class as you say. When we evaluate, we need to stand from the perspective of a third party and ensure fairness. Will we damage our own brand
The loudest people here are the people from "Forbes". Who doesn't know that you at Forbes also want to create a ranking of the world's top 500 companies, but people only recognize us from "Fortune"!
"Editor-in-chief, some media want us to hold a press conference, do you think so?"
Malfoy waved his hand impatiently: "Inform them that there will be a press conference at ten o'clock tomorrow morning, and I will explain this matter. Also, inform the heads of each page, the person in charge of operations, etc., that the meeting will begin in ten minutes!"
"Fortune" is a private company. In its previous life, it was more official than the official. The "Fortune" Fortune 500 is the goal of many companies.
But in Feng Yu's view, there are big problems with the evaluation mechanism of "Fortune" at this time. It mainly makes selections based on market value, influence, popularity, etc., but does not pay attention to profitability, debt ratio, etc.
The so-called investigation of public reputation is simply nonsense. Fortune only has a few reporters. Even if they entrusted some company to conduct a sample survey, the data would definitely be inaccurate.
Feng Yu believes that to evaluate a company's strength, at least expected profitability must be taken into consideration. Companies with too high debt ratios are borrowing money to put money on their faces and can easily run into problems.
Just look at the Fortune Global 500 last year. Within three years, many companies there will be merged and many will go bankrupt.
A Fortune 500 company can reach this level in three years. Can it still be called a strong company
If a Fortune 500 company could be driven bankrupt in just two or three years, are all those corporate executives pigs? Of course not, but the strength of those companies has been amplified.
Many companies are completely empty shells. If they don't have IPO financing, they will probably become useless. Rely on the stock price to rise and then borrow money from the bank to support it. But those corporate executives did not lose money. As the stock price rose, their net worth also rose. After cashing out, they could make a lot of money.
As for saying that the company is finished and investors have lost money, what do they do
Feng Yu has always felt that I have worked hard to run the company, why should I let others rank with us
This is the consistent American mentality, acting like the boss of the world: Come on, come on, you all come over, and I will line you up according to your size.
But Feng Yu was very unhappy, perhaps because the rankings of Fengyu Holdings Group and Taihua Holdings Group were too low, and they were both outside the top 100!
If you regard me as your boss, then everything else will be easy. Feng Yu still has a good impression of those who flatter him. How can you do so many broken companies and still be ranked above me
The Fortune magazine incident was also the result of Feng Yu's instigation. He wants to let people know that they should not be too blindly superstitious about magazines like Fortune. Data can sometimes be deceiving!
When "Fortune" was doing crisis public relations, Feng Yu was enjoying the game leisurely. He didn't expect that the Wind and Rain team played so well this year and actually maintained the sixth place in the Western Conference until the end of the season.
More importantly, the opponent happened to be the Trail Blazers, so they were enemies on a narrow road!
"Good shot!" Feng Yu clapped, and Pierce rushed up and dunked very well.
"Wow~~" Carter actually performed a windmill dunk in the playoffs, and immediately... received a round of boos. Because this is the home court of the Trail Blazers.
Paul Allen looked at Feng Yu on the sidelines angrily. This kid just wanted to do it himself, and actually selected a hundred lucky spectators and chartered a plane to come to Portland.
He completely forgot that he had planned to go to Los Angeles with two thousand spectators to ridicule Feng Yu, but the result was not so good.
The cell phone in his pocket rang. Feng Yu stood up and walked into the player tunnel.
"Ralph, what's the matter?"
"The boss, Malfoy, the editor-in-chief of Fortune magazine, said that there was no problem with their selection. He said that the reporter was instigated by someone with good intentions. When a reporter asked if he was referring to you, Malfoy chose to acquiesce."
What, found it? So what, I told the truth.
"Go and speak on my behalf and say that there is a problem with Fortune magazine's selection. Otherwise, would Enron be on the list? Those lists are a joke!" Feng Yu sneered.
"Boss, do you really want to say that?" Ralph was a little surprised. Didn't he break up with Fortune? Aren't you afraid that Fortune magazine would slander you
"Go." Feng Yu said easily.
Feng Yu once again made the headlines. This time, Feng Yu publicly mocked Fortune magazine, claiming that Fortune magazine was a joke! The circulation of this issue of "Fortune" fell to a record low.
(End of chapter)