[Koch Industries CEO David Koch has accepted Feng Yu's invitation to attend the Wind and Rain Global Forum in Moscow at the end of this year.]
[Bloomberg's boss, Bloomberg, accepts Feng Yu's invitation to attend the Wind and Rain Global Forum.]
[Mars Confectionery's Chairman, Jacqueline Mars, expresses her willingness to attend the Wind and Rain Global Forum.]
[Cargill's CEO, Stephenson Mark, announces that he has received Feng Yu's invitation to attend the Wind and Rain Global Forum.]
Lego, Kohler, IKEA, Heinz, ZF, Bosch, Aramco, Louis Dreyfus, Victor, Tuoke, MBB, Big Four Accounting Firms, Hua Xia Tobacco, Hua Xia Post, Hua Xia Railway …
Many companies announced through the media that they had received Feng Yu's invitation and are looking forward to the Wind and Rain Global Forum. They are looking forward to meeting Feng Yu face-to-face.
Only then did many people realize that the first companies to be announced were all non-listed companies.
< Fortune > 500 companies are all listed companies or parent companies of listed companies. If you don't disclose your financial figures and don't give us a chance to verify, then you can forget about getting on the list.
This caused many powerful companies to be unable to get on the list.
For example, Taihua Holdings's Tai Hua Supermarket Group's turnover is already so much, and it does not include Wind & Rain Electronics, Wind and Rain Home Appliances, Aiwa Electronics, etc. But because these companies' financial figures are not disclosed, < Fortune > found an excuse to give a low figure.
If you think that my assessment is inaccurate, then you can disclose your financial data so that we can verify it.
If not, Taihua Holdings should be one of the top 10 companies based on their turnover, profits, and market position.
The Global Wealth Forum mainly invites the chairmen and CEOs of multinational listed companies. At the same time, some economists with political backgrounds are also invited.
As a result, many tycoons on the Forbes list couldn't receive invitations at all, and it was inevitable that they would complain in their hearts.
Although these tycoons are not listed, many of them are top companies in their industries.
For example, Bloomberg's Bloomberg is the top business news media, and Business Weekly is the world's top-selling business magazine.
There was also Mars Confectionery. The Chairman of Mars Confectionery was also one of the top names on Forbes. Was his status low? Dove, Snickers, famous around the world. Moreover, they just announced that Shield would merge with Mars Candy and become a subsidiary company. Mars Candy would definitely become the world's number one candy company.
However, no one knew that Mars Candy now had shares in Taihua Holdings. They were interested in Hua Xia's market, and of course, Feng Yu was their business partner. Also, Taihua Holdings also paid for the acquisition of Shield.
Of course, Feng Yu had also invited Temasek, Abu Dhabi Investment Authority, and other top funds in the world. They were all sovereign funds with huge assets but did not seem to have high turnover. Furthermore, their profits were very high.
There were also many state-owned enterprises. Not only Hua Xia's postal service, France, Germany, and many other European countries also had state-owned enterprises. They all have the ability to be listed in the world's top 500. But because of < Fortune >'s disgusting rules of publishing financial data, they were not listed.
Feng Yu does not care about all these. He had used < Business Weekly >, < Forbes >, and other magazines' data, as well as his company's data, including assets, turnover, profits, influence, employee numbers, etc., to pick out the top companies on the list.
This time, he chose non-listed companies. It was obvious that he wanted to mock < Fortune >.
Those so-called top 500 companies, how many of them dare to say they are stronger than the companies he invited? These companies were not even able to participate in the Fortune Global Forum, and you are still talking about fairness? What kind of authority are you?
Feng Yu even asked < Forbes >, < Business Weekly >, etc. to cooperate with him to create an industry ranking. It was not just the traditional energy industry, industry, IT rankings, etc., but it was a very detailed division. In short, it was to highlight the status of these invited companies.
These representatives were also very happy. They were not listed, but they could not be ignored.
Many companies did not get listed not because they could not get listed. It was because they did not want to be restricted by various listing regulations because of financing.
For example, listed companies required the number of shareholders to reach a certain number. This made many family-owned companies excluded. Their shares were very concentrated, and some were even concentrated in the hands of two or three people.
There were also some companies that did not want their financial data to be published. If the financial data was transparent, the valuation system would also be published. This way, if they wanted to get listed, the amount of financing might be limited. For example, those IT and Internet technology companies.
They would first go through a few rounds of financing before choosing to get listed. Otherwise, they would not be able to raise so much money.
Of course, there were also people like Feng Yu. They did not lack money and did not want to share their profits with others. My company can still develop very well without getting listed. Why must it be listed? Not only are there so many restrictions, but I also have to share my profits with others. Is it really good?
Many people were waiting for Wind & Rain Electronics, Wind and Rain Appliances to get listed, but Feng Yu did not want to get listed.
You want to buy my company's shares? Dream on!
Some companies had made the same choice as Feng Yu in the past. They had listed their shares first and used high dividends to earn enough profits. When the share prices plummeted, these shareholders will not think of pulling up the share prices. They will watch the share prices plummet and wish they could be delisted.
These shareholders can buy back the shares and delist the company. They can hide behind the scenes and earn more money. The company's financial operations will be more flexible.
Although they did not have the premium brought by going public, their annual dividends would be higher, and it would not be easy for people to maliciously buy the company's shares, avoiding the loss of equity. Many founders of companies cannot bear to see others buying their company's shares.
Many companies or their top executives announced that they will participate in the Wind and Rain Global Forum and are proud of it. At the same time, many companies started to belittle the Global Wealth Forum after Feng Yu got someone to hint them.
Feng Yu's subsidiaries started to mock the Global Wealth Forum, claiming that this is an unfair company holding a gathering to please the public.
What achievements did this stupid forum achieve?
Actually, the Global Wealth Forum had achieved a lot, but many of the achievements cannot be made public. Now that they are questioned, they cannot retort.
Those non-listed companies expressed their gratitude to Feng Yu. They felt that they had been treated fairly. Unlike some magazines, which claimed to be fair and just, when in fact, they were the complete opposite of what they were supposed to be!
< Fortune >'s CEO and Chief Editor are panicking. Will this Wind and Rain Global Forum be held smoothly? Will their Global Wealth Forum still be so influential in the future?
Or perhaps, they really should make some changes?
… …
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