Early the next morning, Ronald's personal accountant, Lawrence Wang, brought two young men, a man and a woman, to his home on Staten Island.
"Hello, Director Ronald." Two managers from PricewaterhouseCoopers, one of the eight largest accounting firms in the world, made a special trip to visit Ronald, preparing to take over the business from Ronald.
Daydream Company’s audit practice.
From now on, Lawrence Wang will be mainly responsible for his own private business.
A dark-haired male manager named Ed Bastian is a true New Yorker. The other dark-haired and yellow-skinned man came to study from China. After graduation, he stayed at PWC in New York because of his diligence and intelligence.
Ms. Zhang who works in the office.
Ronald looked at their business cards and felt strange. Ed Bastian was not yet thirty years old and was not a partner. And Ms. Zhang had only graduated from college a few years ago. Could it be that her business was not big enough?
Can’t attract the attention of accounting firms?
Seeing the look in Ronald's eyes when he handed it over, Lawrence explained to him.
Of course, PricewaterhouseCoopers has been involved in the Hollywood business for a long time. PricewaterhouseCoopers is entrusted to count the Oscar votes every year. They are not unaware of the huge box office revenue a blockbuster movie will bring.
The fundamental reason why a young man who is not yet a partner is allowed to serve Ronald is that his expertise is in digging for loopholes in statements. The distribution business of Hollywood has always been a disaster area for financial fraud. Lawrence recommended
The candidate just has this strength.
Ed Bastian is very familiar with this kind of distrust in the face of customers. He briefly introduced his work experience. He has a lot of business in the entertainment industry, and some are responsible for overseas accounting audits for multinational companies.
.
From his introduction, Ronald felt that this person had high professionalism and clear thinking. Except that he was not a partner, serving his own daydream was actually overkill.
"Ed is the best audit talent in our New York office. For any multinational company, as long as the overseas accounts are handled by our team, Ed can always find out the problems where others cannot." Ms. Zhang's English is very good.
Well, I also feel very sorry for my boss.
"Zhang is my best partner. He handles the analysis of original accounts and we always go on business trips together." Ed Bastian also introduced the strengths of his partner, Ms. Zhang.
When Miss Zhang heard the praise for herself, she didn't speak out as righteously as before. Instead, she showed the Chinese tradition of self-effacement and just smiled shyly.
"If you still have doubts, I can find recommenders, and you can talk to them on the phone..." Ed Bastian has a warm and outgoing personality, which is exactly the opposite of Miss Zhang.
"No, no... I'm very satisfied with your team." Ronald woke up from his reverie. The way two professional elites, a man and a woman, were cooperating in the workplace just now made Ronald seem to have vaguely seen some scenes.
.
Ronald was just a little surprised. He heard about Ed's long list of clients. Many of them were developed by himself. According to the rules that partners need to bring in new clients, he should have been qualified long ago.
"You guys should familiarize yourself with the business. We'll set off later. Today happens to be the second settlement day for the movie's soundtrack." Ronald took a few documents from Lawrence's hand and pushed them towards them.
Ed Bastian was also a little surprised by the speed of Ronald's decision. He took the file and flipped through it.
"Is there something wrong here? Is this sales number wrong? According to this number, the record sales of your movie will exceed the record sales of the most popular MJ." Ed Bastian raised his eyebrows, the artist
Sometimes I am not very sensitive to numbers, and even the sales volume is wrong in these documents.
"That's probably true." Ms. Zhang secretly pulled Ed Bastian's sleeve, "Dirty Dancing is very popular among the female colleagues in our office now, and everyone is learning to dance. The dance training class is full.
Most of them are there to learn the kind of dance in Dirty Dancing.”
"It's my fault, women's spending power cannot be underestimated these days." Ed Bastian readily admitted that he didn't understand the record market.
"We will go to the RCA Record Company's office, and you will continue to familiarize yourself with the materials in the car." Ronald sat down and took the two newly recognized accountants, got into the luxury car, and drove to RCA's New York office.
Jimmy Lehner, the producer of "Dirty Dancing" records, was already waiting for them in the office. Bob Buziak, the vice president of the RCA division, and the head of finance, came to the door to greet Ronald, the god of wealth. This
The movie soundtrack album created RCA's most successful album sales in three years.
"Bob, it turns out that the R of RKO is RCA." Ronald and Vice President Buziak were in the largest conference room, chatting while looking at the history introduction of RCA on the wall.
Ed Bastian and Miss Zhang got the sales report of "Dirty Dancing" and studied it nervously.
"Indeed, at that time, our RCA found the father of JFK, Joseph Kennedy Sr., and with his help acquired the Keith (K)-Oppenheimer (O) production company and changed its name to RKO...
However, although RKO was one of the five major studios at the time, it encountered serious financial difficulties during the stock market crash of the 1930s. RCA withdrew its capital at that time, and aircraft tycoon Howard Hughes acquired RKO, retaining the RKO name.
It was not until 1950 that film production ceased due to the impact of television."
Ronald listened with interest. When the elder Kennedy formed a consortium, he specialized in acquiring medium-sized studios and theater chains, and then sold them to large companies. His Irish background played a key role in this.
This chapter is not over, please click on the next page to continue reading! And Hughes was a playboy who dated many popular Hollywood female stars. His unique personality and eccentric behavior in his later years, as well as the controversy over his inheritance, were once widely circulated in Hollywood.
It was widely used and even made into a movie.
"Here, here, and here..." Ed Bastian drew three places with a pencil, and then pointed them to Lawrence, Ronald's personal accountant.
"Have you finished reading there?" Ronald noticed the newly hired accountant Ed, who seemed to show a proud smile. In fact, it is difficult to find out the problems in these account books without slowly reviewing them. This time, there are more
Let Puhua's accountants familiarize themselves with the business first.
"Please explain here, the income and sales expenses recorded by Bertelsmann Records in Europe. There are also figures here at Sony, the distributor in Japan..."
Ed Bastian pointed to the three circled places towards RCA's financial director, "Bertelsmann is a private company, but it is easy for us to obtain financial statements from Sony, a listed company."
"I think this may be a misunderstanding." The financial person in charge was sweating a little.
"Multinational business is always confusing. If you need help, I have many friends in Japan and Europe. You can ask them to help clarify." Ronald looked at RCA Vice President Bob Buziak with a smile.
.
"As you said, the merger of cross-border businesses is always full of traps, Frank." Bob Buziak winked at the financial controller and asked him to handle this matter. How to make reports, let
The accountant found the flaw in half an hour.
"We went on to say that I am very interested in the old history of Hollywood in these golden years. Why was Howard Hughes not affected by the economic crisis of the Great Depression and still had money to acquire RKO?"
"Then we have to talk about his amazing adventurous spirit and accurate grasp of the audience's taste. In 1930, he raised a huge sum of 2.8 million US dollars to shoot the aerial combat film 'Hell's Angels', which achieved record box office results.
.
This movie made him famous, and later it was very convenient for him to obtain financing and build the aircraft that the army hoped for. Then came World War II, and his aircraft company made a lot of money..."
After a long time, new documents were sent in. This time the smile on Ed Bastian's face became much normal, and he nodded to Ronald.
"Thank you, thank you RCA for your distribution work, now we can talk about the release of the new record."
Ronald looked at the numbers on the bottom line and was very satisfied. He took the initiative to discuss the second "Dirty Dancing" record.
In the "Dirty Dancing" movie, there are less than 20 interludes before and after. The previous popular album selected 12 of them. But the surprise of winning the sales volume gave RCA the idea to buy the rest.
I'm merging a few songs with some mambo music from the 1950s to make a "more Dirty Dancing" record, which will be released next year.
Because the copyright to the original soundtrack of the episode was still in the hands of Ronald's Daydream Company, they didn't dare to make too big a move in record sales. Who knew the accountant Ronald hired could be so sharp.
"Cheers!" Several people toasted with beer.
In a Cantonese restaurant in Chinatown next to Wall Street, Ronald treated two accountants to dinner. The dim sum carts were pushed around. Ed Bastian seemed to be very familiar with this kind of Cantonese dim sum, and he skillfully took two boxes.
Eat it in front of you with chopsticks.
"You are indeed the most professional candidates. It seems that Lawrence has found some of the best accountants." Ronald sighed repeatedly. Ed Bastian and Miss Zhang are really very discerning. In a short time, they
Being able to grasp the key points, I immediately deceived the RCA people and obediently came up with more accurate figures.
In less than an hour, the two of them helped Ronald find at least two to three million dollars in hidden profits.
"They will also play a lot of tricks, but these are inevitable in cross-border business. We will continue to pay attention to this business, as long as you pay our consulting fee." Ms. Zhang also picked up a steamed dumpling and ate it.
stand up.
"No problem, this is the most valuable consulting fee I have spent this year." Ronald was very happy. PricewaterhouseCoopers' accountants are really good.
"This is our work order, please sign it." Ed Bastian took out a work schedule from his briefcase, filled in the numbers, and asked Ronald to confirm.
This kind of consulting work not only requires a large sum of money to be paid to PricewaterhouseCoopers, but also hourly wages for two talented people.
Ronald looked at it and signed it readily. However, he was a little surprised by the hourly wages above. The quotes from both of them were very cheap, which was obviously inconsistent with their abilities.
"If you don't mind, can I ask why?" Ronald asked the question again. It is obvious that Ed Bastian's level is already qualified for the title of partner.
"Isn't this because he is so awesome?" Ms. Zhang was in a relaxed mood with Ronald, the director of Dirty Dancing. She also knew that with this big deal, her boss Ed was one step closer to his partner.
Said everything.
It turns out that Ed Bastian is a very talented child, the eldest of nine children in his family. Although his father is a dentist and his income is not bad, he also chose an ordinary university to graduate early and work as soon as possible.
Just two years after joining PricewaterhouseCoopers' New York office, he discovered the well-known advertising company JWT's falsely reported income in an inconspicuous corner of the report during the annual audit. He insisted on professional ethics and exposed the scandal.
, the final figure found was as much as US$50 million.
Not only did the SEC launch an investigation into JWT (because many of JWT's clients are listed companies), but many senior executives of PwC's New York office were forced to retire in disgrace.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Although his level is very high, no one in the company is willing to cooperate with such a thorn. After all, in accounting and auditing, no one can say this kind of thing.
Will it fall on your head?
In this way, a talented financial person can only earn the hourly salary of a senior manager.
"If you need my support when you are promoted to partner, just ask." Ronald has decided to entrust him with all the company's financial matters.
He and Lawrence went to the bank to cash the check, and Ronald stayed in Manhattan this time.
"Hahahaha, you can really make a lot of money in this business."
Alone on the big bed in an expensive hotel penthouse suite, Ronald began to roll over.
Just one soundtrack album allowed him to get back all the $10 million he invested in "Dirty Dancing" and doubled it. This also included the money that Ed helped him find.
Daydream Pictures instantly became an extremely well-funded production company. Now, the two movies Ronald had promised in advance, "Hairspray" and "Ecstasy," could also start shooting.
Thinking about the soundtrack albums and sequels that are constantly making money, as well as the share of the movie box office, and future video revenue, Ronald has already thought that by the end of next year, he might be able to rely on this "hot body"
"Dance" has greatly increased wealth.
Maybe, I can become a billionaire myself?
"Oh, it's so much money, but it doesn't cost much to make two small productions. What should I do?" Ronald began to think about the troubles of happiness.
"By the way, let's go back and forth from where we came from." Ronald thought of his wealth. Most of it was brought to him by the stocks of several companies such as Coca-Cola and McDonald's. Now he would buy the stocks back and then grow them.
, make movies again, make money again...
"There are endless shortages of descendants!"
As he said, he had to do it. Ronald immediately picked up the phone to call Lawrence, and then he pressed the phone again.
Forget it, I was lucky to invest in Coke and McDonald's. I don't really understand it, and if it's unrealistic to grow several times, I'd better ask Bannon tomorrow to see if he has any suitable investments. With this
If you have a lot of money, as long as you are more prudent, I'm afraid you won't be poor again in this life.
The next day, Bannon came to the Ronald Hotel early. The two chatted privately about World Media Distribution Group in the living room.
"So, 90% of the $25 billion market is caused by errors in the source of information?" Bannon suddenly realized after listening to Ronald's explanation of the arrangement of the so-called movie screening team.
To say that this move is really for the welfare of the general public, it is actually much more solid than the Suwei Alliance, which claims to be for all mankind.
It just hurt profits a little too much, and the two people sighed.
"Korkorian's purpose may be to raise funds through the bond market, and he wants to use the news that you are the person in charge to become a huge benefit in the capital market. You have offended him now."
"Hmph... I haven't even settled the accounts with him yet. He actually used the preaching method of those evangelical pastors to trick me into not contacting the relevant people of the other two shareholders. I almost fell for it."
"Hehe", Bannon smiled, this kind of "talent" is actually often encountered on Wall Street.
"His financing plan will be reduced a lot now. I heard that his MGM studio is suffering very heavy losses. If it cannot raise 300-500 million yuan this time, it will probably go out of business again.
.”
"Hey, the most glorious studio in the past." Ronald also sighed a little. This once undisputed king of Hollywood was taken over by Kerkorian and had its name painted on the casino. Now the young
People may know MGM more as a casino than a great movie company.
"By the way, what kind of stocks would you like to buy recently? Or make some safe investments? How do you guys on Wall Street generally handle this kind of demand?"
"Usually it will be handled by private banks, which will provide you with a variety of investment options with high returns. However, I suggest you wait for a while. The atmosphere on Wall Street is not normal right now."
"What do you think is wrong? Is there something wrong?" This was the second time Ronald heard Bannon say that Wall Street was abnormal.
"I don't know, it's just a feeling, an intuition." Bannon touched his long hair and felt a very uncomfortable feeling.
“This year’s stock market is so good. The price-to-earnings ratios of many companies have risen to 40-60. All the early profits have been exhausted. Now it seems inappropriate.
And...and I heard there were some strange positions that were heavily bearish on the Dow Jones and the Nikkei, and something wasn't right."
"What do you mean? The stock market will fall?"
"I happened to have collected some investors' comments. Take a look for yourself." Bannon took out several copies of the "Wall Street Journal" and "Investors Daily" from his briefcase, which were marked with 3M transparent tape.
"The Dow Jones is overvalued, haha, maybe a little bit, but I think the Nikkei is also very overvalued."
"Who is this person?" Ronald discovered the answer of a man named George Solo in an interview, and was marked by Bannon.
"He is a Jewish philosopher and a disciple of Karl Popper. He wrote a best-selling book called 'Financial Alchemy' and recently established the Tiger Fund, which specializes in hedging."
"Oh, what he means is that Japan's stock market is more dangerous than ours. If it collapses, they will be the first to do it?"
"Pretty much, many people speculate that his Tiger Fund bought a lot of Nikkei shorts and Dow Jones longs."
Ronald continued to flip through, and there was another text marked in red that was longer than Solo's interview, which caught his attention.
"I think there's very little fear on Wall Street. Instead, there's ecstasy -- and why not? What's more exciting than participating in a bull market?
In this bull market, the returns of those who run a business are gloriously decoupled from the slow performance of the business itself. Unfortunately, however, stocks cannot outperform business performance indefinitely.
Maybe our stock market rose too high, too fast."
"Who is this?" Ronald looked at the person being interviewed and called him Warren Buffy.
"He is a maverick investor, a country boy from Omaha. His listed company neither pays dividends nor splits its shares, and now it is worth $3,000 per share. I think he has hit the mark on many people in the market.
It feels like it’s rising too fast.”
"3,000 U.S. dollars? Then isn't his stock the best in America?" Ronald was shocked. The price of other stocks was only over 100 dollars per share, which was considered a very high price.
"Hahaha, how can it be calculated like this? If I split his stock into 100 shares at $30 each, wouldn't it still be the same stock?"
"Oh, right..." Ronald calculated, thinking that he had made a joke again, and had to ask Donna what was going on with the stock. It seemed that her boss was also engaged in stock investment, so maybe it would be good to buy some of his funds.
.
It’s better to buy less. Ronald thought of Bannon’s worries again.
So what are you doing with all that money?
"By the way, let's buy a house! It's time to buy yourself a better house."
"Hey, Rick (Nisita)? I want to buy a house in Los Angeles. You can help me find it. Yes, it shouldn't be too luxurious, and it shouldn't be too close to those noisy parties. I want a quieter one."
"In that case, you won't actually spend much money. One or two million dollars will do. You can also consider hiring a designer to rebuild the house. I'll find a few candidates and wait for you to come back and choose."
Ronald yelled that it was cheap, and it seemed like he could get one in New York.
"Hey, Lawrence, I want to buy a house. Please help me find a penthouse near Central Park. Yes, there won't be rent control. I'll live on my own."
"Then you may need to undergo the qualification review of the homeowners committee, but your identity should not be a problem, it just takes some time. If you are anxious, there are many real estate developers in New York now who are building new buildings. Of course, old houses are better, and I also
Help you pay attention."
"Isn't this expensive?" Ronald asked about the price. He wanted to buy two houses, but he hasn't spent a quarter yet? It seems that he is really not suitable for spending money. How about buying a luxury house and getting it done in one step?
?
Thinking about the mansion, Ronald suddenly thought of the old house on Staten Island in his hometown where Coppola used to film "The Godfather".
"Hello, aunt? Do you have a real estate agent you are familiar with? Yes, I want to buy a house on Staten Island. Yes, I will definitely have a house on Staten Island in the future."
The feeling of buying something is good. Ronald lay down very happy. The key was not the thing, but the feeling of being able to afford it without thinking too much. It was so good.
"Ring ring ring ring..." The phone rang.
"Ronald, this is George. Your agent gave me the phone number. My mother, Barbara, has given me the responsibility for the New York State primary campaign. You have to help me. I plan to shoot a short campaign advertisement for my father.
, we can launch it when he announces his candidacy.”
"No problem, I have everything ready-made here, just waiting for you to come."