That day, the stock market closed. Affected by the overwhelming reports from the United States, CBS dropped $4 to close at $36.64, a decrease of 10.91%!

When the market opened the next day, there was a large amount of selling, and CBS stock price plunged again, falling another $4!

In less than two days, CBS stock fell by $8 and hundreds of millions of dollars in market value were wiped out.

Now the board of directors couldn't sit still, convened a closed-door meeting of directors, and asked CEO Abraham to explain the situation.

Abraham asked the board of directors to give him another week, but the board of directors was obviously dissatisfied with the sharp plunge in CBS' stock price. However, due to Abraham's long-term contribution to the company, it agreed to give Abraham another week.

Abraham started crisis public relations.

He immediately held a press conference, loudly denounced the unruly Zhan Long, and said that Zhan Long was disrupting the company's normal stock price and that he would file a lawsuit against Zhan Long.

And according to the arrangement, he answered several pre-determined media interview questions without any risk. He then gave the market confidence, and asked the market to give us confidence.

Perhaps the process went too smoothly, but when the last reporter asked a question, Abraham chose a reporter who was not in the prior plan.

The reporter saw his "counterpart" and knew that this was a carefully arranged press conference, so he asked: "Why did CBS suddenly not fulfill the contract?" When Abraham was unwilling to answer. The reporter from the "Post"

》The reporter was unwilling to give up and continued to ask: "Some insiders said that you suddenly tore up the contract because some advertisers were willing to pay more to buy advertising time. What do you think of this news?"

Abraham slammed the table angrily: "Fake news!"

The scene was in an uproar.

This kind of emotional management obviously surprised the reporter, but as the uncrowned king, the journalist's sensitivity in news made him decide to continue to stimulate Abraham.

"War Dragon Subutong once gave an interview and said that CBS would be punished by the capital market for this. What do you think of this?"

"It is reported that dozens of Hollywood stars have canceled their subscriptions to the CBS television network. What do you think of this?"

"We still have the support of a large number of users." Abraham was speechless by the sudden question and could only give a pale explanation!

"But your actions are obviously short-sighted."

"It's all because of that damn war dragon! FUXK M! (silenced)"

The reporter achieved his goal.

For a time, all television networks in the United States except CBS were reporting on Abraham's emotional loss.

The reporter from the Post also became famous because of the related reports, and the reports he wrote for the current period were very popular!

Under this trend, the press conference was obviously unsuccessful, and the company's stock price did not stop the downward trend.

Within a week, CBS' stock price never rose back to its original price. Instead, it fell to $26, and nearly half of its market value evaporated.

So the board of directors made a temporary motion to ask Abraham to resign as president.

"This is unfair! I have made significant contributions to the company, and it was only in my hands that CBS was able to get to where it is today."

"But you have also seen that the reports outside are all negative news about the company. Only if you resign can we stop the decline! You must recognize this reality!" said a senior director. "You can resign now.

You can also get a free commission. If you don't resign, we will vote you out! This will not look good on either you or the company."

"Okay, I resign!" Abraham gritted his teeth.

Two weeks, just two weeks, he seemed to have gone from heaven to hell.

Zhan Long, that damn Zhan Long! How could a little-known bullshit game company have such a method? Force him to resign and get out of class?

He didn't think Zhan Long had such great energy, it was more like someone deliberately brought him down.

He could only put it down to his own bad luck.

But even so, he is also the company's largest shareholder, and he has the right to ask the board of directors to appoint the next president.

"I asked Obi, vice president and director of marketing, to take over as president," he said.

"I object!"

At this time, a woman wearing a black V-neck jumpsuit, lightly applying makeup, a string of diamond earrings, and sequined high heels walked into the door of the board meeting room.

The arrival of a beautiful woman always attracts more attention, and the eyes of many directors are seduced by her.

"Da, da, da." Every step was like stabbing a knife into Abraham's chest. And when he saw that the other person was an Asian, the disgust in his heart deepened.

"Who are you?" Abraham frowned.

"Didn't you see that the second item on the board of directors' agenda today is to appoint Miss Lin as a member of the board of directors." said the senior director who spoke before. He is the president of an investment bank.

"Why should she?" Abraham said.

"I own close to 5% of the company's stock, is that enough?" She found an empty seat, sat down elegantly, and said calmly.

"5%? Are you kidding? Why don't I know this news?" Abraham said.

"Because to be precise, I only have 4.9% of the company's shares." Miss Lin crossed her arms and looked at Abraham, as if looking at a failed man.

No male animal can bear to be so despised by a beautiful woman, especially Abraham, even if he is over 50 years old.

"Even so, I am opposed to this woman joining the board of directors. Does anyone agree with me?" Abraham raised his hand, but found that there were very few responders.

"How could this happen?" Today's blows came one after another, making Abraham a little dizzy.

"You probably don't know yet, but soon, you will no longer be the largest management shareholder of this company." Miss Lin looked at Abraham and said calmly.

She is Lin Muyu.

After the decline began, she first shorted 4.9% of CBS shares on the secondary market.

Then the day after the stock price fell, he bought 4.9% of CBS stock.

Then continue to sell short.

This move allowed Xiangjiang Financial Company to directly make a profit of US$40 million.

The reason why I don’t buy more each time (more than 5%) is because I am afraid of triggering the financial supervision of the United States.

While unknowingly buying the company's stocks, Lin Muyu did not forget to stir up trouble in public opinion, just to make CBS ignore the big movements in the stock market while being busy with public opinion.

Then she signed a betting agreement with three investment banks. If CBS stock fell to $30 within a week, she would buy all the CBS stocks held by the investment banks. If it continued to fall or did not fall to $30, she would compensate each of the three investment banks.

$10 million.

This kind of gambling agreement, for the investment banks, actually bets on Abraham's trading ability. It was precisely because of their trust in Abraham in the past that they signed gambling agreements with her within a few days. And these investment banks

They are also secretly trying their best to raise the stock price.

But it turned out that Abraham believed too much in his own abilities, and his ugly performance at the press conference ultimately messed up the matter.

Each of the three investment banks held a portion of CBS stocks. When the stock price fell to $30, Lin Muyu made a virtual purchase of the stocks held by the three investment banks. That is, he paid the money first but did not report it.

Suddenly the shareholding ratio reached 17%, becoming the largest shareholder on the board of directors!

All this is not just because she wants to take revenge on her lover.

The more important reason is that Su Butong asked her to make some moves in the US financial market in the second half of the year to test the waters. She happened to bump into him blindly, so she and Su Butong cooperated seamlessly, causing CBS to lose money.

heavy.

A financial company from Hong Kong took over CBS in one fell swoop.
Chapter completed!