Back To 1995: Chapter 181 spoils meeting
Chapter 181 The spoils conference
It can be said that Kenneth and Jeff Skilling watched Song Yang step by step to where he is today.
If it is said that An Ran has been making rapid progress in the past two years, then Song Yang is almost comparable to a racing car in F1. He did not step on the brake all the way, but directly stepped on the accelerator to the end. Now that his net worth is rumored to exceed one billion, he will soon have the first listed company in his hands!
Song Yang glanced at the crowd below, "Thank you for being able to attend the first shareholder meeting of America Telecom, and thank you for everything you have done for America Telecom!"
"Today's general meeting of shareholders is mainly about two things. The first is about the cooperation with the Telephone and Telegraph Group." Song Yang glanced in Best's direction, "In the future, the two companies hope to jointly operate telecommunications and the Internet service business."
"The second thing is about the future development plan of American Telecom, which requires everyone to vote together!"
Anyway, American Telecom still has a lot of shareholders. Although as a major shareholder, Song Yang can directly bypass them to make a decision, he still has to go through the process. After all, Song Yang still counts on these shareholders to continue to spend money on American Telecom.
"Of course, before I start again, I need to explain that if there are current American telecom investors who want to withdraw, they can withdraw now!"
These words are mainly aimed at several investors when America Telecom was established. America Telecom will definitely invest more and more, the number of investors introduced will continue to increase, and the risks will also increase exponentially. This is undoubtedly a next time. The opportunity of the car, the route from Chicago to Wall Street, has earned enough for America Telecom.
It is absolutely not a loss to get off the car after receiving the dividends. For example, Eric, the director of the Comerica Bank and the director of the Comerica Bank, the money invested in American Telecom has increased by at least ten times over the past year. up.
Now the major shareholder of American Telecom is Song Yang. Song Yang currently holds 72% of the shares of American Telecom. The second largest shareholder is Comerica Bank, which holds 10% of the shares. Asia, each holding a 5% stake in American Telecom.
Now we need to add Kenneth’s 5% stake in America Telecom, and 3% of the equity, which are currently the major shareholders of America Telecom.
Before accepting the investment from Enron and cooperating with the Telephone and Telegraph Group, Song Yang had to pay a large sum of dividends. After the spoils conference, he reorganized America Telecom.
If you don't pay dividends, it's not too cheap. Enron and Telephone and Telegraph Group, Song Yang has worked so hard for more than a year, took such a big risk, and died with WorldCom. Make a wedding dress? !
When Song Yang asked to withdraw, he was mainly telling Eric, Kerimia behind Jain, and Comerica Bank that after the huge dividends, they had already earned enough, and there was no need for future risks. Take it again.
Hearing that before cooperating with Telephone and Telegraph Group, Song Yang would take the lead in paying dividends. Best frowned, and then returned to normal. Knowing that it was a show operation, she couldn't say anything.
This kind of coquettish operation is not uncommon in listed companies, just like some listed companies, who keep crying poor, and then go to the bank to borrow 2.5 billion in one breath. Two billion dividends in one breath...
Dividends are definitely not for the cheap little leeks. The big shareholders must get the most. Little leeks probably burst into tears with excitement seeing this wave of operations.
Taking the loan from a listed company and directly sending money to the major shareholder can be repaid. The debt belongs to the company and the money belongs to the major shareholder. It is full.
Knowing that Song Yang is acting as a showman, Best can't say anything, he can only watch, but he doesn't see An Ran who is planning to invest 500 million US dollars in American Telecom, so he doesn't say anything?
Kenneth and Jeff Skilling can object, it's called hell, they are already shareholders of America Telecom, the higher the dividend of America Telecom, the more they get, they exchange tens of millions of dollars for a few One hundred million, the devil is not willing!
As for whether Enron is losing money or not, Kenneth and the others don’t care about it. No matter how much money Enron makes, it can’t go directly to their pockets. American Telecom is sending money directly, and the two can clearly distinguish the priorities.
"Song, RICK will not quit American Telecom, and will always support you!"
Eric said loyally, looking at the Enron Corporation, Telephone and Telegraph Group, Comerica Bank and other top 300 companies in America in the conference room, Eric felt the pressure.
Among the shareholders of American Telecom, it is obvious that the investors are getting bigger and bigger. Even if RICK is holding the largest nightclub group in America, it is not enough for Enron and other companies.
Erik knew that if he wanted to continue to get the benefits in America Telecom, he had to cling to Song Yang's thigh. How could he lose his leg after he had tasted the sweetness.
"Comerica Bank will not withdraw from the cooperation with America Telecom, and the director of Kerimiya is also willing to support Song you forever!"
Chris Jain said with a pun, not only on behalf of Comelica Bank, but also on behalf of the boss behind him, Kyrimia.
Just kidding, I don’t see America Telecom’s balloon getting bigger and bigger. Although the moisture is a bit large, the potential is visible to the naked eye. How could Kyrimia quit and find another profitable investment opportunity like America Telecom? I don’t know. I don’t know.
Seeing that everyone was unwilling to quit, Song Yang didn't say any more. He gave them the opportunity to get off the pirate ship, and they didn't cherish it. If one day, the American Telecom ship was driven into the gutter by Song Yang , They can't blame Song Yang.
"America Telecom's board of directors has decided that after excluding costs, working capital, partner advance payments, and rewards for all employees of America Telecom, it is expected to allocate 65% of the profits to the investors of America Telecom as dividends..."
In the end, Song Yang relented and became a bit thin-skinned. He didn't plan out all the leek roots, and left a sum of money for America Telecom, so he didn't completely empty America Telecom.
Excluding the line cost of 300 million US dollars and various expenses, Song Yang reserved a cash flow of 600 million US dollars for America Telecom, so that America Telecom can maintain and upgrade the line in Chicago.
And take out 65% of the profit for dividends. This is the profit of the route from Chicago to Wall Street in the next five years, which will be divided by Song Yang in one go. Skilling and Comerica Bank will share 2 billion dollars together!
As the major shareholder, Song Yang is expected to receive a dividend of around US$1.4 billion. This will directly double Song Yang's worth, and it will be cash flow!
Eric also looked overjoyed. His net worth has also skyrocketed. The key is how much he invested in American Telecom. A few million dollars was exchanged for a cash return of nearly 20 to 30 times. Moreover, America Telecom’s valuation of tens of billions of dollars made him His net worth was directly puffy to about 700 million US dollars.
Even puffiness allowed Eric to touch the threshold of the billion-dollar club. When RICK was listed before, the valuation was less than 100 million dollars. One can imagine how much Eric earned this year. !
Jain looked at Eric, and it would be foolish to say that he didn’t envy him, but he also got a lot. In addition to Song Yang and Kerimia giving him a reward, he was at the Bank of Comelica, This time it can be said that it has skyrocketed.
Hearing the dividend, Best has a new understanding of America Telecom's profitability. Compared with traditional telecom operators, America Telecom is no different from stealing money.
Five years later, as long as this line can maintain its advantage, I am afraid that it will be able to harvest Wall Street leeks for another five years. This line alone will make American Telecom an existence second only to the major telecom giants!
However, Song Yang, Eric and others were happy, and Best was not surprised, but the two of An Ran, Kenneth and Jeff Skilling also showed bewildered smiles, which made Best very puzzled. American Telecom is cheated by Enron's money, these two people are actually a little happy? !
Glancing at Song Yang, Kenneth, Eric, Jain and others, Best couldn't help but think of the Houston consortium. The people in front of him are all from Texas and Houston, and they reported to be together. It's a bit of a Houston joint consortium.
Coughed, Best said to Song Yang, "Song, once America Telecom and Telephone and Telegraph reach a cooperation, I hope America Telecom can introduce accounting firms and other audit institutions!"
Best is to prevent Song Yang from doing this again in the future. The Telephone and Telegraph Group can't bear it, so he vaccinates Song Yang in advance. In the past, America Telecom was Song Yang's own. The Telephone and Telegraph Group has no control over how he wants to play. After the telephone and telegraph group cooperates, they must start to enter into the positive planning, and can no longer engage in show operations.
At this time, Kenneth seemed to have finally remembered that he was the president of Enron, and said the same, "Enron also agrees with this proposal and should introduce a professional auditing company. I recommend Arthur Andersen, an old friend of Enron! "
"After America Telecom completes the reorganization, it will introduce professional managers, audit institutions, and legal cooperation companies. I can guarantee that major shareholders will not interfere with America Telecom's operations at will."
Song Yang said in a good manner, saying that after the completion of America Telecom's reorganization, he would stop, but let Andersen be in charge of America Telecom's audit or something. Woolen cloth.
After the spoils sharing meeting ended, the entire conference room began to enter today's focus.
"President Best, I'm still the same as the previous proposal. I think the Telephone and Telegraph Group should jointly operate the telecommunications business with America Telecom!"
Song Yang looked at Best and said that he still wanted America Telecom to swallow up the network optical fiber line department of Telephone and Telegraph, so that Telephone and Telegraph Group could fully support America Telecom.
(end of this chapter)