[David Koch, President of Koch Industries, has accepted Feng Yu’s invitation and will attend the Wind and Rain Global Forum to be held in Moscow at the end of this year]
[Bloomberg boss Bloomberg accepted Feng Yu’s invitation to attend the Wind and Rain Global Forum]
[Jacqueline Mars, Chairman of Mars Candy, expressed her willingness to attend the Wind and Rain Global Forum]
[Cargill CEO Stephenson Mark announced that he has received an invitation from Feng Yu and plans to attend the Wind and Rain Global Forum in person]
What about Lego, Kohler, IKEA, Heinz, German ZF, Bosch, Aramco, Louis Dreyfus, Vitol Group, Toko Group, MBB, the Big Four accounting firms, China Tobacco, China Post, China Railway...
Companies continue to announce through the media that they have received invitations from Feng Yu, and are very willing and looking forward to this Wind and Rain Global Forum, and look forward to having face-to-face conversations with Feng Yu.
And many people discovered that the first companies to be announced were actually unlisted companies.
The Fortune 500 companies are basically listed companies, or the parent companies of listed companies. Anyway, if you don’t publish your financial data and don’t give us a chance to verify it, then you don’t want to be on the list.
This prevents many powerful companies from being on the list at all.
For example, Taihua Holdings Group, the turnover of Taihua Supermarket Group alone is huge, not counting Fengyu Electronics, Fengyu Electrical Appliances, Aihua Electronics and other subsidiaries. However, because the financial data is not made public, "Fortune" I just found a reason and directly gave an extremely low evaluation number.
If you think my assessment is inaccurate, then disclose your financial data so we can verify it.
Otherwise, even if ranked by turnover, regardless of capital size, profit and market position, Taihua Holdings Group should be in the top ten.
The Fortune Global Forum mainly invites chairmen and CEOs of multinational listed companies, as well as some economists with political backgrounds.
This makes many rich people who are obviously famous on the "Forbes" list not receive invitations at all, and they inevitably feel resentful.
Even though they are unlisted companies, many of them are among the best in the industry.
For example, Bloomberg's Bloomberg is the top business news media, and "Business Week" is the world's number one selling business magazine.
There is also Mars Candy. Their chairman is also ranked high in Forbes. Is his status low? Dove and Snickers are world-famous. Moreover, it has just been announced with Wrigley that Wrigley will be merged into Mars Candy and become a subsidiary. Mars Candy is well on its way to becoming the world's number one candy company.
But no one knows that Mars Candy now also has shares in Taihua Holdings Group. What they value is the Chinese market, and of course Feng Yu is their partner. Moreover, Taihua Holdings also paid for the acquisition of Wrigley.
Of course, Feng Yu also invited the world's top funds such as Temasek and Abu Dhabi Investment Authority. They are all sovereign funds with large assets but seemingly low turnover, and their profits are also very high.
There are also many state-owned enterprises, not just the postal service in China, France, Germany and other European countries also have large state-owned enterprises. In fact, they have the ability to be on the top 500 of the world, just because of the disgusting "Fortune" The rules on publishing financial data prevented them from being on the list.
Feng Yu didn't care about this. He made a comprehensive comparison based on many data from magazines such as "Business Week" and "Forbes", plus some data collected by his company, including asset size, turnover, profit, influence, number of employees, etc. Yes, some of the top companies selected.
And this time, his first choice was unlisted companies, making it clear that he wanted to ridicule Fortune.
How many of your so-called Fortune 500 companies dare to say that they are stronger than the companies I invited? These companies have not been able to participate in the Fortune Global Forum. How can you talk about fairness and justice? What kind of authority are you
Feng Yu also specially asked "Forbes", "Business Weekly" and others to cooperate in creating an industry ranking. It is not just the previous more traditional rankings of energy industry, industry, IT, etc., but a very detailed division. In short, it is to highlight the status of these invited corporate representatives.
These representatives are also very happy that they are not listed, but they cannot be ignored casually.
Many companies do not go public. It does not mean that they cannot go public. But they don’t want to be restricted by various listing regulations because of financing.
For example, listed companies require the number of shareholders to reach a certain amount, which excludes many family-owned businesses. Their equity is very concentrated, and some are even concentrated in the hands of just two or three people.
Others do not want financial data to be made public, financial data to be transparent, and valuation systems to be made public. In this way, if they want to go public, the amount of financing may be limited, such as those IT network technology companies.
They all conduct several rounds of non-listed financing before choosing to go public at the end, otherwise they will never be able to raise so much.
Of course, there are also people like Feng Yu who are not short of money and don’t want to share the profits with others. Our company can still develop very well without going public for financing. Why does Mao have to go public? Is it really okay to not only be subject to so many restrictions, but also to give money to others
How many people are waiting for Fengyu Electronics, Fengyu Electrical Appliances, etc. to go public, but Feng Yu just won’t go public.
Want to buy my company's shares? Dream on you!
Other companies have made the same choice as Feng Yu, which is to first raise shares and go public for development, and then earn enough profits through large dividends. When the stock price plummets, shareholders like them will not even think about raising the stock price. Instead, they will watch the stock price fall and wish they were forced to delist.
They can just buy back the stock, then delist the company, hide behind the scenes and make money safely again, and the company's financial operations will be much more flexible.
Although there is no premium brought by listing, their annual dividends will be larger, and they are less likely to be maliciously acquired by others, thus avoiding the loss of equity. The founders of many companies simply cannot bear to see others buying their company's shares.
Companies or company executives continue to announce that they will participate in the Wind and Rain Global Forum and are proud of it. At the same time, many companies began to disparage the Fortune Global Forum after Feng Yu found someone to suggest it.
Feng Yu's subsidiaries first publicly ridiculed the Fortune Global Forum, claiming that such a party held by an unjust company was simply grandstanding.
What achievements has their broken forum accomplished
In fact, the Fortune Global Forum has really made a lot of achievements, but many of them cannot be said publicly. Now being questioned, they really can't refute.
Those non-listed companies have publicly expressed their gratitude to Feng Yu. They feel that they are treated fairly and justly. Unlike some magazines, which claim to be fair and impartial, they are actually completely contrary!
The president and editor-in-chief of "Fortune" felt a little panicked at this time. Could it be that this stormy global forum was really going to be held smoothly? Will their Fortune Global Forum still be so influential in the future
Or should they really make some changes
…