Although Enron had released a statement, all the evidence showed that Feng Yu and those two professors were not lying.
Those two professors even said that some higher-ups of Enron had tried to bribe them and hoped they would lie to them. However, they rejected the bribe.
They did not mention that they will be the financial consultants of Wind and Rain Holding Group.
Enron's share prices plunged, and within five minutes of the market opening, the shares could no longer be sold.
The higher-ups of Enron were pale. At the same time, a magazine agency was surrounded by reporters, and the reporters were from < Forbes >.
"Mr. Malfoy, why did < Fortune > name Enron as one of the 100 Best Employers in the US? What do you all think of a company that falsifies their financial reports and manipulates their share prices? "
"Mr. Malfoy, < Fortune > had named Enron as the most innovative company for many years. Is this innovation referring to their level of falsification of their financial reports?"
"May I ask if Fortune Magazine is like what many people say, that it serves the rich? As long as someone pays you, you can give them a high rating and mislead your investors? "
"Mr. Malfoy …"
Malfoy, the Chief Editor of < Fortune >, was annoyed by these reporters. What are they asking? Our magazine has our own evaluation system, and there have been no problems for so many years. How do I know that Enron had falsified their financial reports?
Those who bought Enron's shares also do not know about this.
We can only interview them and use their financial reports to evaluate their influence, reputation, etc., to give them a rating.
Do you all dare to say that all of you have not heard of Enron?
How can anyone say that < Fortune > is serving the rich? How is this possible? We are serving the businessmen! That means the middle class and above, and not the rich class. We must stand on the side of a third party to ensure fairness. Will we ruin our reputation?
The people from < Forbes > are the loudest. Who doesn't know that Forbes also wants to create a Fortune 500 company ranking? But people only recognize < Fortune >!
"Chief Editor, some media outlets want us to hold a press conference. What do you think?"
Malfoy waved his hand in annoyance. "Tell them to hold a press conference at ten in the morning tomorrow. I will explain this matter. Also, notify the person in charge of all the forums and the person in charge of operations. We'll have a meeting in ten minutes! "
< Fortune > was a private company. In Feng Yu's previous life, it was even more official than the government. < Fortune World Top 500 > was the goal of many companies.
However, in Feng Yu's opinion, there was a huge problem with Fortune's current evaluation mechanism. It mainly evaluated companies based on market value, influence, popularity, etc., but it did not pay much attention to profitability, debt ratio, etc.
The so-called investigation of the public's reputation was simply nonsense. How many reporters did Fortune have? Even if they had commissioned a company to conduct a sample survey, the data would definitely not be accurate.
Feng Yu believed that in order to evaluate a company's strength, at least the expected profit margin must be taken into account. A company with a high debt ratio is borrowing money to put gold on its face, and it is very easy for problems to arise.
Just look at the Fortune 500 list from last year. In less than three years, many companies will be merged and many will go bankrupt.
How can a Fortune 500 company reach this stage in three years? Can it still be considered strong?
To be able to make a Fortune 500 company go bankrupt in just two to three years, are those company's higher management idiots? Of course not. It's those companies' strength that had been magnified.
Many companies were empty shells. If they did not raise funds, they would have gone bankrupt. They relied on the stock prices to rise and got loans from the banks to support them. But those company's higher management did not suffer any losses. When the stock prices rose, their net worth also rose. After cashing out, they can make a lot of money.
As for the company going bankrupt and the investors suffering losses, it's none of their business!
Feng Yu had always felt that he had worked so hard to manage the company. Why should he let others compete with him in the rankings?
This was the typical American way of thinking. They acted like they were the world's number one: Come, come, come. I will line you up according to your size.
But Feng Yu was unhappy. Maybe it was because Wind and Rain Holdings and Taihua Holdings' rankings were too low. They were not even in the top 100!
If you acknowledge me as your boss, then everything else will be fine. Feng Yu still has a good impression of those who flatter him. You had set up so many companies, and you want to be ranked above me? How can this be?!
The < Fortune > incident was also instigated by Feng Yu. He wants to let everyone know that they should not blindly believe in < Fortune > and other magazines. Sometimes, statistics can lie!
While the < Fortune > PR was handling the crisis, Feng Yu was leisurely enjoying the match. He did not expect Wind and Rain to play so well this year. They had maintained their 6th place in the Western Conference until the end of the season.
More importantly, their opponent was the Blazers. Enemies are bound to meet on a narrow road!
"Good!" Feng Yu applauded. Pierce's dunk is also a good move.
"Wow ~ ~ ~" Carter actually performed a windmill dunk during the playoffs. Immediately … he was booed by the crowd. This is the Blazers' home court.
Paul Allen stared at Feng Yu angrily. It's one thing for this brat to come personally, but he still chose 100 lucky audience members and chartered a plane to fly to Portland.
Paul Allen had forgotten that he had brought 2,000 spectators to LA to mock Feng Yu. But the outcome was not good.
Feng Yu's phone rang, and he stood up and walked into the tunnel.
"What is it, Ralph?"
"Boss, < Fortune >'s Chief Editor, Malfoy, said there is nothing wrong with their selection. He said the reporter was instigated by someone, and when a reporter asked him if he was referring to you, Malfoy admitted it."
What? You found out? So what? I am telling you the truth.
"Go and speak on my behalf. Tell them there is something wrong with < Fortune >'s selection. If not, how can Enron be on the list? Those rankings are a joke! "Feng Yu sneered.
"Boss, are you really going to say this?" Ralph was shocked. This is equivalent to falling out with < Fortune >. Are you not afraid of < Fortune > slandering you?
"Go." Feng Yu said casually.
Feng Yu made the headlines again, and this time, it is Feng Yu who mocked < Fortune > publicly. He said that < Fortune > is a joke! This issue of < Fortune >'s circulation had fallen to a record low.
… …
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