Chapter 557: The wealth of the richest man is shrinking
Country M, Washington.
Bill sat on the sofa in his living room, holding his cell phone in his hand and watching the stock trend of his company. In front of him was a middle-aged white man standing.
This middle-aged man is Jimmy, the successor of the company Bill is looking for.
Jimmy joined Bill's company when she graduated from university and later became Bill's secretary. She learned a lot from Bill.
Later, when Bill's company was about to enter the Chinese market, Jimmy led the team to Asia to explore the market.
As it turns out, Jimmy is a very capable person, and Bill's company quickly opened up a large market share in China.
Jimmy also took advantage of this credit and became the vice president of Bill Company and joined the board of directors.
Later, when Bill retired, he strongly recommended Jimmy to the board of directors to replace him as the president of his company.
"Boss, according to our investigation, I suspect that the stock price of our company has dropped sharply in a short period of time. It may be that someone maliciously shorted our stock price in the market."
Jimmy, who was standing next to him, saw that Bill's face was not very good, and his eyes were staring straight at the screen of his phone.
If the company's stock only fell normally, Jimmy would not come to disturb Bill's retirement life.
But when Jimmy saw that the company's stock price fell by 10% in a few trading days, he realized that something must have happened in the middle.
Bill's company's current market value is around $700 billion, although its stock price has been slowly falling in the past year due to the impact of the global financial crisis.
But this time, it has fallen by 10% in a short period of time, and this is the first time I have encountered it.
When Jimmy first realized that something went wrong, she quickly sent someone to investigate who was shorting their company's stock price behind their backs, but he didn't expect that the person he sent did not even find out the information about who was shorting.
After Jimmy received a report from the people below, she immediately realized that the people who shorted their company this time were very powerful, otherwise his people would not be able to find the other party’s information.
Just when Jimmy was upset, he suddenly received a call from Bill.
On the phone, Bill asked Jimmy to pay attention to the company's situation during this period. Someone might take action against the company. If there is any abnormality, he should report it to him in time.
When Jimmy heard Bill say this, she knew who the company should have messed with, which made his boss so nervous.
Jimmy combined the information Bill said and combined with the current situation encountered by the company, he immediately determined that the company's stock price fell sharply this time, which is likely to be the one who Bill was worried about.
So Jimmy quickly drove to Bill's house to report the matter himself. After all, some things were difficult to explain in detail on the phone.
"Is your people still unable to find out who is shorting our stock price in the market?"
Bill's eyes left the mobile phone screen in his hand, and looked up slightly at Jimmy standing in front with his head down.
When Jimmy heard Bill's words, he looked up slightly and looked at the other person's eyes, and then quickly moved his eyes to other places.
"Sorry, boss, I have sent a lot of people to investigate this matter, but they have no way to investigate who is shorting us."
"And my people reported to me that the short-selling funds for our company this time are very large in the market.
According to the rumor that my people have received from the exchange, the stock price of our company in the market has exceeded 10 billion US dollars, and this number is still increasing rapidly."
When Bill heard Jimmy's words, he placed the phone in his hand on the table in front, lifted his right foot and placed it on his left foot and looked straight ahead.
Jimmy saw Bill's action and knew that it was the other person's habitual movement when thinking about things, so he quickly held his breath, afraid that it would affect Bill's thinking.
At this time, the living room was quiet, and occasionally you could hear the barking of dogs from outside the yard.
A few minutes later, Bill's eyes regained their spirits and were also stained with a look of worry.
“How much liquidity does the company have at present?”
Hearing Bill’s question, Jimmy looked up at the ceiling slightly, recalled it, and then looked down at Bill.
"At present, our company still has 30 billion US dollars of working capital on its books. In addition to the 10 billion US dollars of payment that cannot be used, there are 20 billion US dollars of funds that can be mobilized."
When Bill heard Jimmy's words, his right hand kept rubbing his beard stubble on his chin.
"Since that's the case, you will mobilize funds immediately after you go back and start to buy our company's stocks in the market."
Jimmy's face showed a hint of embarrassment.
"Boss, if I want to mobilize so much of the company's funds to acquire stocks, I'm afraid there will be any objections on the board of directors."
Jimmy also knew that although Bill was the one who mobilized the funds, and Bill was the company's major shareholder, there was no problem in theory.
But Jimmy also knew that on the company's board of directors, the relationship between Bill, the major shareholder and the second shareholder was not very good.
Although the second shareholder has been driven out of the company's management by Bill, he usually doesn't care about the company's management.
But Jimmy knew that if he mobilized so much money to buy stocks in the market, the second shareholder of the company would definitely not be able to sit still.
Bill also knew what Jimmy was worried about, and at the same time, he felt a little embarrassed when he thought of his partner's second shareholder.
Bill thought of the two of them working together when they started their business together. Although the company was not as successful as it is now, everyone felt very happy.
However, as the company grows bigger and bigger, the conflict between the two becomes more and more serious.
Especially after the company went public, the conflict between them broke out completely.
Later, the two sides started a fierce infighting within the company and consumed a lot of company resources. Finally, the infighting ended with Bill's victory.
So Bill completely took charge of the company as a major shareholder, while the second shareholder Allen still held 20% of the company's shares, but no longer participated in the company's operations and left the company.
Although Bill does take control of the company, every time he holds a board meeting, Allen and Bill argue about certain proposals at the meeting.
In Jimmy's opinion, the second shareholder was dissatisfied with the failure at the beginning, so he was angry with Bill and did not want the other party to have a good time.
If Jimmy just heard Bill's unilateral request this time, he mobilized the company's books to buy the company's shares in the stock market, then after the second shareholder of Allen found out, he would inevitably argue on the board of directors.
Jimmy knew that Bill was not afraid to argue with Allen at all, after all, Bill held forty percent of the company's shares.
But Jimmy was scared by herself.
Although Jimmy also has one percent of the company's shares and is also the president of the company, he knows that he is a working person in the company, and at most he is a higher-level worker than many people, but he is still a working person in essence.
Even though Allen was always suppressed by Bill on the company, the other party was always a shareholder of the company and was also a shareholder who held 20% of the company.
"Don't worry, I will go to him to discuss with Alan. Your main task is to help me stabilize the stock price in the shortest time."
Jimmy noticed that Bill was talking about Allen, and the expression on his face twitched a moment, and he didn't dare to continue talking about this topic.
"Then I understand, I'll deal with it as you want."
Jimmy bowed slightly to Bill, then turned and left. When he walked into the yard, he greeted Bill's wife before leaving.
"Dear, what happened? Are you okay?"
Just as Bill was thinking, his wife's voice suddenly came from his ears. After coming to his senses, he realized that his wife had walked in from outside and came to him at some point.
"Don't worry, I'll handle it without any matter."
Bill stretched out his right hand and grabbed his wife's left hand, looking at the other person's eyes with a full look.
When Bill's wife saw Jimmy hurried to meet his husband, and then left with a stern face when she left. She had already guessed that something might have happened to her husband's company.
But Bill never let her participate in the company's affairs, so although she knew something might happen to the company, she could only comfort her husband, but she could not help him.
"By the way, Melin, didn't you say you were going to Hawaii for vacation with your kids?"
When Meilin heard her husband mentioning her previous vacation plan, she thought the other party was going to go on vacation with them, and a happy smile appeared on her face.
"No, my dear." Meilin's face was filled with joy and joy.
"I think we can take our kids to Hawaii for vacation. After all, children always need to go to different places so that they can exercise their ability to adapt to the new environment."
When Bill heard Melin's words, he showed a look of ashamed on his face. He stood up and covered Melin's hands tightly.
"sorry."
"I may have something to do here, so I can't accompany you and your children to Hawaii."
"But don't worry, I'll call my assistant later. I'll ask him to arrange everything for you. Then you can go to Hawaii with your children for a happy vacation."
Melin was even more worried when she heard Bill's words.
She knew that her husband was a very family-oriented man. If he had not encountered anything particularly important, he would not have missed the family group activities.
But she also knew that her husband was not an ordinary person, and there were tens of thousands of people following him to have dinner with him, and the burden was very heavy.
"Don't worry, my child and I have a great time back and have fun. You should take care of yourself here."
Melin kissed Bill gently on his cheek, then hugged Bill with both hands.
Chapter completed!