Hollywood Starts with Animation
Chapter 700
The next day.
WorldCom.
Dana Shaw Lewis, the new chairman of the board of directors, is a little angry. She stares at the latest issue of the Los Angeles entertainment this morning, which tells a vivid story about Zucker and his involvement in bar 3.
The content is boring. To sum up, it''s a blow.
After all, everyone knows that "Los Angeles entertainment" is the dogleg of Zucker. As usual, Dana Shaw anyes would smile when she saw such content.
But what about today?
He''s mad!
"Damn Zucker Wald!"
"What did his assistant Alexander say yesterday? He said that Zucker Wald is very busy, has a lot of social activities, and has no time to meet us. We can understand that, after all, he is a super rich man. He must have a lot of things to deal with, but what about the result? He has time to stay in the film crew, time to bubble up little stars, time to go to the bar to drink... But he has no time to see me. "
Dana Shaw Lewis felt very upset.
"Take it easy, you''ll suffer if you''re out of breath," shareholder Pemberley said
"How to calm down?"
Dana Shaw Lewis said: "although my personal property is far less than him, WorldCom is also a giant company in the telecommunications industry, with a market value of hundreds of billions of dollars. Generally speaking, I am equal to him, or even better. Why does he look down on me?"
Shareholder Pemberley
Dong Dong Dong~
At this time, the company''s executive president sammae came in with a happy face.
"Good news, absolutely good news!"
Sang Mai exclaimed.
Instantly, chairman Dana Shaw Lewis asked, "does Citibank agree to lend us a lot of money?"
CEO sammae shakes his head and smiles all the time.
"No?"
"Could it be that guy Jack Wald agreed to meet us?" shareholder Pemberley said
Sammai shook his head again.
None of them?
At this moment, Dinah Shaw Lewis and Pemberley were in a hurry: "don''t play riddles, speak quickly."
"Although you''ve all guessed wrong, I believe you will be very happy and excited when I''m finished," said sammae, executive president
"Do you want to say it or not?"
Mr. Pemberley, a shareholder, said shyly.
Smell speech, executive president sangmai waved his hand, and then took out more than ten pages of paper from the briefcase.
"Is this, this, this... True or false?"
Looking at the documents, Dinah Shaw Lewis and Pemberley didn''t care much at first, but they were excited now.
Cheer up!
It''s really exciting!
Dana Shaw Lewis, the new leader of WorldCom, what''s his problem?
The first is to prove the development of WorldCom to the outside world;
The second is to drive former chairman Bernard Ebers out of WorldCom thoroughly, such as emptying the shares of WorldCom held by Ebers.
"Before that, we were able to oust Bernard Ebers by using the Securities Commission to investigate the company''s past mergers and acquisitions and the company''s huge loan of $366 million to CEO Bernard Ebers," chief executive sammae said with a smile
"Although the result of the investigation has not yet been determined, we have at least ousted him."
"This time ~"
"The dozen pages I have on hand can definitely play a huge role."
[line cost]
This is the main title of the ten page document.
When examining the company''s past financial statements yesterday, the CEO, sammae, surprisingly found that there were huge problems in the cost of laying communication base stations in the UK during the nearly four months from March to June 2001.
The so-called "line cost" includes two aspects.
1. The cost of building communication base station.
2. The cost of interconnection with other telecommunication companies.
But now, there is a huge problem, enough to make the company''s former chairman Bernard eberster completely kicked out of the company!
"Hiss ~"
"How dare Ebers do that?" he exclaimed? My God! The amount of funds involved is more than US $500 million, and the amount of false revenue and false line cost is definitely no less than US $5 million. "
Chief executive sammae nodded heavily: "it''s just what I''ve found and haven''t found... It''s estimated that the amount of fraud will not be less than $30 million in the end."
They were shocked.
But, more is ecstasy!
"Great
Dana Shaw Lewis, with a big smile on his face, stood up and said in a loud voice, "check! Give me a hard check! I''d like to see how much money Ebers was greedy of the company and how many illegal operations there were during his term of office
Look at you this time, right?
At this moment, Dana Shaw Lewis was so excited.
.......
As soon as the order was issued, the staff of more than a dozen teams in WorldCom''s financial department quickly called out the past financial statements of WorldCom, looking for the greasy spots.
An hour!
2 hours!
......
Nine hours later, they got nothing.
WorldCom''s past quarterly financial statements can be described as clean, clear and plain, perfect statements!
"How could that be?"
The shareholder, Mr. Pemberley, frowned deeply and said in surprise, "no! Although I have great confidence in the company, it''s impossible for the statements from 1992 to the first quarter of 2002 to have no problems at all. It''s unrealistic! "
"Hum!"
Dana Shaw Lewis, chairman of the board of directors, snorted: "perfect? It''s ridiculous. I don''t believe it. Once, twice or three times. Another cunning fox will show his feet one day. "
.......
That night.
Scott Sullivan, the financial director of WorldCom, went directly to the house of Ebers, the former chairman of the board of directors. He said in a hurry, "boss, they''re going to audit the accounts."
In addition, it also tells us what Dana Shaw Lewis and others have achieved nothing.
"What?"
Ebers straightened up and said in surprise, "how can they be so fast?"
To tell you the truth, even if Ebers is ousted, the people in the financial department of WorldCom are his people. It''s hell to find out what''s wrong.
But... Not afraid of ten thousand, just in case!
Once there is a third party~
To be exact, once Dana Shaw Lewis arranges for the participation of third-party financial personnel and external professional accounting firms, all the hidden things will be exposed.
I can''t help him not to worry!
At the same time.
Dana Shaw Lewis said coldly, "since the financial department of the company has not found any problems, let the professional accounting firm check."
The voice fell.
Several executives present immediately hesitated.
"We have more than $5 million in problem capital at present, but if a third-party professional accounting firm is involved, it will be a bad end if things get bigger," said the shareholder
"That''s right!"
"Once the problem capital exceeds 100 million US dollars, it is very likely to harm the interests of the company," said sammae, executive president
"Not so much."
Dana Shaw Lewis waved: "as long as we can kick Ebers out completely, we can afford the small loss."
After a pause, he said, "besides, how much money can he be greedy? It''s only $100 million. "
A $100 million loss... He can hold it!
However, he never thought that Ebers and Scott Sullivan, the chief financial officer, were so bold that they had more than 10 billion dollars in false revenue reporting and privacy fraud!
The collapse of Enron, global telecom and other giant companies, whose scandals came from the outside world, but the collapse of WorldCom came from the divine operation inside the company.
Four words: self destruction of the city wall!
The second watch is on.