Chapter 375 Leader 4
Beyer has been working in this business for many years.
As a senior financial officer, he knows what the problems of Xizhou Logistics are.
But there are some things in this world that can only be understood but cannot be expressed in words.
Every senior executive at Xizhou Logistics knew what the problem was, but no one was willing to speak out—before Chengdu became the controller of this logistics giant.
"The company has a cash flow problem. The problem is that we are not short of money, but we always have to repay debts. We keep repaying debts, cash flow dries up, continue to repay debts, wait for the next month, and repeat the process.
Those of us The so-called senior executives are not senior executives at all. We also want to boost our business and make the company more impressive, but that’s not what we say.”
Ignore the panic of Greenstone and Pent. With an expression on his face, Beir was like pouring beans out of a bamboo tube, and he talked happily in one breath.
Gru was smiling and listening to Beir's nonsense, with a look on his face that said, "You can tell me whatever you want, but I don't believe it."
Now he didn't laugh, but instead studied the different states of the three executives.
Greenstone seemed to be the most frightened one. Pent was relatively better, but not much better. Beyer looked relieved.
Interesting, Chief Gru only finds it interesting.
"Someone forced Xizhou Logistics to borrow debt?"
Cheng Daqi felt a little boring, Achilles, your method is too traditional.
But this is normal. Innovation in forms and nouns will not change the essence.
"As you know, the controller of Xizhou Logistics was not us before, and it is not us now."
Beyer is completely open, and he doesn't want to take the blame anyway!
“Xizhou Logistics has only two high-profit businesses. One is traditional bulk commodity logistics, covering trucks, trains, inland river shipping, etc., and the other is government subsidies because of Xizhou Logistics’ high debt ratio. , considering its value to stable employment, the federal government has included us and some other logistics giants on the subsidy list.
Under normal circumstances, with profitable business and subsidies, Xizhou Logistics should not be short of money. , at least it shouldn’t be as short of money as it is now, but the model designed by the previous actual controller was to continuously use loans to pay wages and expand its cash flow.
If you have cash, use it to pay off debts. Borrowing money after completing the debt also restricts the loan issuer, and the interest rate is also very high.”
"That's enough, Beyer, this is just a necessary means for business operations. Which company doesn't have a loan?"
Greenstone interrupted Beyer's statement.
Cheng Daqi pointed at him and asked slightly expectantly.
“Are you from Achilles?”
As soon as these words came out, Beyer became the happiest one. The poor accountant finally let out a long sigh of relief. .
Sure enough, the bet was right.
“No, sir, I am just speaking from a position of loyalty to my duty. The debt problem of Xizhou Logistics sounds outrageous, but it is only a little more. After we take decisive response measures, this The current situation of high debt ratio will definitely be improved."
Cheng Daqi nodded in disappointment and closed the report in his hand.
“There are more than 300 million in debt due next month. I am very curious about the total cash flow generated by Xizhou Logistics every year, not counting costs, only the cash flow on our books.”< br>
Grew was a little surprised. Mr. Cheng’s attitude seemed to be that he really wasn’t worried about the debt amounted to that day.
Are you really planning to pay it back?
“More than nine billion dollars, Chan, the key is that the interest expense is too high. Every year we have to pay an additional nearly $700 million in interest on this huge debt. The profit margin of the logistics industry is not Gao, the interest of 700 million dollars has swallowed up almost all our profits.
Then we will return to that vicious circle. If we want to expand, we need loans. Loans increase costs, and the risks are still uncontrollable, so we must be more dependent. Government subsidies and maintaining relevant relationships have become a helpless option.
To be honest, I have been in this position of financial director for many years, but the debt ratio of Xizhou Logistics is getting higher and higher. Sometimes I even wonder if I will be sent to prison.”
What Beyer said today almost revealed the background of Xizhou Logistics. The former general manager Peng Te no longer pretended. He spoke.
"Mr. Gru, dear Chan, as the company's former CEO, I bear unshirkable responsibility for the company's predicament, so I am willing to resign!"
He cannot afford to offend Achilles, He couldn't afford to offend these new people.
Then go home. Anyway, Beyer made it very clear that the main responsibility has nothing to do with them.
"In addition, I have something to say about the 'executive financial crime' that Beyer just mentioned. Personally, I can guarantee that I did not take even a cent of money that I should not have taken. , if you have any doubts, you can check it!”
Greenstone couldn’t sit still.
"Hey, Pent, brother, we can face the company's difficulties together, can't we?"
Quiet, quiet, the air in the conference room became even quieter.
The smart people looked at the man who was targeted by the colorless spotlight. The man also realized that he had exposed his bottom. He smiled awkwardly and reluctantly.
"How much money do you expect to have on your account before the repayment period?"
Cheng Daqi ignored the words of the other two executives and continued to ask Beyer.
"It's just over 300 million, a shortfall of 80 million, and if we use it all to repay, we will have no money for daily operations. This is the dilemma I am talking about."
This is indeed not good news, even if it becomes From the beginning, he thought that there would be problems with Achilles' gift, but he underestimated Achilles's methods.
This old man is really ruthless, and he has almost broken the bones and sucked out the marrow of his company.
Breaking bones and sucking marrow, Xizhou Logistics sucked a lot of money-making projects, and finally fell to the point where it couldn't afford to pay off any debt.
Leaning on the chair, Cheng Daqi's fingers gently pried the edge of the table, his head half raised.
He was thinking, thinking about how to deal with this mess.
Capital injection is the simplest, using cash flow to break the cycle of financial difficulties in Xizhou.
But Chengdu is now also in a situation of cash flow depletion.
Yes, he still has money, including the money from his identity business, the money from the jailer, the money in the MAS account, etc., he still has money.
The LEC cryptocurrency trading platform is in a period of rapid growth, and the BEC currency has just been listed. The turbulent waves in the cryptocurrency field require large amounts of funds as ballast. Mr. Cheng cannot easily touch those who stabilize the market. of reserve funds.
If you cannot inject capital yourself, then it is necessary to introduce some strategic investors with financial resources. However, Xizhou Logistics has been registered under the name of a newly established non-profit entity. Under this kind of equity setting, introducing investors has become a problem.
Troublesome.
"That, I think"
Gru's solid, sword-like eyes just glanced at Pent, and he sat down again, closing his eyes. Mouthed.
Forget it, I can’t afford to offend you, I can’t afford to offend you at all.
"What, Pente, have you come up with any solution to the problem?"
Cheng Daqi looked at Pente expectantly.
"Huh? I, this, okay, layoffs to reduce operating costs, cut off marginal business control expenses, let me think about it, we can also increase the salary of senior executives."
Anyway, I I want to resign this time, no matter what the flood is.
Before Gru came, Pent was the general manager of Xizhou Logistics. When Gru came, he was demoted.
If you want to be demoted, just demote him. The problem is that Gru is too inappropriate and Ponte is under a lot of pressure.
Now that Beyer has lifted the lid, the new big boss is obviously not as confrontational as the original big boss. Why does he continue to stay in this place of right and wrong?
It is too easy for a professional manager of a tens-billion-dollar group to find another job. If you don’t want to keep someone here, there is a place for him to stay. Pengte has this confidence.
Obviously Pente was burning bridges, but Beyer and Greenstone had no objection at all. Beyer had already won the bet, and Greenstone didn't care about it anymore.
"Greenstone, tell me, I remember that you are the number one deputy general manager, so you must be very capable."
Cheng Daqi reached the second position. Greenstone wiped his sweat and spoke tremblingly.
“Well, layoffs are a good way. In addition, Xizhou Logistics used to have outsourcing service companies. At the beginning, outsourcing could help us greatly reduce costs, but with the development of these years, they The asking price is getting higher and higher. Mr. Gru, dear Chan, we can reorganize the company’s outsourcing system. I think there is a lot of room for cost reduction.”
Gru sneered, lit a cigarette for himself, and watched Greenstone's performance silently.
The feeling of being targeted by a beast is unimaginable to most people. Greenstone could even hear his own heartbeat.
"Chan, didn't Beyer say that some executives are suspected of financial crimes? How about I check first and see if I can scrape some money from them to solve urgent needs."
Gru. The Sheriff looked at the sweaty Greenstone and gave his advice.
How long will it take to sort out the outsourcing system? It’s troublesome.
Chief Gru has a simpler solution - pay.
It can only be said that this is very Gru and quite a legacy of Li Zicheng.
Mr. Cheng stroked his forehead helplessly and sighed.
“Layoffs, cutting business lines, executive salary increases, sorting out outsourcing business, okay, what other ideas are there?”
Stop copying the salary, let’s look forward.
No way, Mr. Cheng doesn’t know much about logistics. He is not a god.
Everyone, look at me and I look at you. Beyer struggled for a moment and spoke.
"You can talk to the bank about the repayment plan. This kind of large debt can actually be negotiated, but we haven't tried it before."
Talk to the bank = talk to Achilles.
The man who was the first to make a bet gave Mr. Cheng a suggestion that was difficult to implement. The Kalamacris family clearly used Xizhou Logistics as a blood bag. These executives all knew this. That's why he was so surprised by Beir's confession.
Now, their eyes are looking at Mr. Cheng with expectation or suspicion, wanting to see how Mr. Cheng will respond.
Do you have the strength to challenge Achilles?
"Okay, let's talk about repaying the debt. Ha, the Qing Dynasty was too honest back then. Pay back as much debt as you have, otherwise it wouldn't have fallen so fast."
If you owe a debt, you must pay it back. ?
Many people will say that they must pay it back. After all, it is natural to pay back debts.
But is this really justified?
Why not wonder who controls the spread of this sentence?
In fact, ordinary people have to pay back their debts, and companies can go bankrupt if they owe debts - this is very capitalist, isn't it?
During the American financial crisis, the giants that were too big to fail were two orders of magnitude larger than the giants that fell. This is the real reality.
Cheng Daqi picked up the mobile phone on the table, found Achilles' business card, and dialed it.
Gru lowered his eyebrows a little enviously, he really regretted it.
I didn’t understand it when I was young, but I do understand it now, but it’s too late.
They were also looking for women to join the game, and the woman Mr. Cheng found was rare even in the United States. Although Temir was a bitch (Gru thought), she was at least good-looking and smart.
What is he looking for? That's a man who has changed his gender!
Gru, ah Gru, Sheriff Gru was almost on his knees begging for food, but in the end he couldn't even eat a mouthful of domestic dog food.
Shame, regret, and envy are all mixed feelings in Chief Gru's heart.
“Haha, Chan, what’s the matter?”
Achilles' voice came, and Cheng Daqi replied with a smile.
"You have prepared a big surprise for Mi'er and me. Mr. Achilles, do you want us to give you 8 billion to buy a road for you?"
Pent was a little shocked. He looked at Beir and confirmed it gently with his mouth.
‘Themir? ’
Beyer nodded quite proudly. His reverse jump this time was considered a win.
The blame was placed on Shapi, Greenstone, and he also showed his daring loyalty. The road to the future was broadened.
“Of course not. It seems that you are also aware of the situation of Xizhou Logistics. Don’t there be other properties, equity, and debts among the assets I assigned to Mier? These can all be liquidated and given to Xizhou Logistics. Pay off the debt.
Of course, you still have to decide how to pay it back. I don’t have that much thought, Chan. As long as you can fulfill your agreement and build up the California Elephant Party.”
< br>Mr. Cheng wanted to start complaining, but he held back.
You, Achilles, are born as always. You give money but not completely. You go around and around and look like you are open-minded.
Where are you pretending to be crazy?
"Can I handle the people from Xizhou Logistics?"
The three executives here are all stupid. It sounds like you have a solution to your debt problem, so why do you still want to deal with it? us?
Looking at Gru who was looking at him eagerly, few people thought that this kind of 'handling' was a good word.
"Of course, that's Mi'er's company. Well, as long as you get her consent, I still look forward to you getting married soon. When the time comes, I will give you another 10 billion, hahahaha."< br>
For Achilles, giving money to solve family problems is actually the lowest-cost option, because money is really just a number to him.
In the past, Mi'er was not very good. He looked down on his stupid sister.
But now Mi'er is so good, and America is standing in front of him. He is a little stunned at how good she is, so Achilles is very willing to give this girl away as a gift.
Go ahead, get married, then change your last name, have a bunch of kids, and use my money to live your life as a lady.
It seemed like a waste of money, but it not only stabilized his own market, but also blocked Anthony's mouth, because this kind of division of the family can be regarded as helping Lao Deng realize his family expansion wish.
So much money.
"I'll come to California when I have time. Niu Sen would like to meet you, hahaha."
Cheng Daqi put down the phone and looked at Greenstone, who had a pale face.
"Well, let's put the debt issue aside for now. Green, I want to give you a chance, but you need to be honest. Tell me, how much money did you swallow up the company?"
Green Stone really wanted to be a cat with fried fur, he almost screamed in reply.
"I'm not, I didn't, I..."
He subconsciously looked at his 'companions'. Compared with Mr. Cheng and Gru, Pente and Beyer, two old colleagues, also did Considered his companion.
What made him despair was that neither of them had any intention of helping, and each of them ignored his call for help.
"Liel, come on, take this man to the LAPD and let the reliable Los Angeles police detectives help me find out whether he stole my money."
Extortion of wages is not feasible, but it is still necessary to kill the chicken to show the monkey. It doesn't matter if Sirius dies. President Cheng directly chooses a vice president to sacrifice to heaven.
"Don't touch me, you've violated my human rights!"
Greenstone struggled under Lille's hand, and Mr. Cheng teased him in a malicious tone.
“No, you violated his human rights. He is a sexual minority, a mentally ill person, a mentally ill person with a certificate and diagnosis and treatment record. Your voice was too loud just now, it may scare him. . ”
Looking at the “Giant Bear Lille” who looked like an iron tower giant, Pente couldn’t even think of connecting this human-shaped beast with those words.
Until now, they fully understood what kind of new leader Xizhou Logistics had ushered in.
(End of this chapter)