Chapter 760 (1/2)
When the New Year bell rings, 1995 officially comes.
In the northern suburb of Greenwich.
Everyone cheers, kisses, sings and dances, and enjoys the fireworks show. The carnival lasts until one o'clock in the morning. The new year's party finally comes to an end, and the guests and hosts enjoy themselves.
Only the senior executives and shareholders of Levison group, who were suddenly given an ultimatum by some drunken young tycoon, were tossed back to their homes on the upper east side of Manhattan on this new year's Eve. Francis Levison had to call the core of the group, most of whom were on vacation all over the world, to hold an emergency conference call, so many people stayed up all night.
If you can, Francis Levinson would like to have no contact with Simon westero tonight.
The Levison family founded the Levison group. Four generations of the family have controlled the company for a century. At some moment in his heart, Francis Levison would rather the family business go bankrupt than give up.
Of course, it's just thinking.
Francis Levinson, who grew up accustomed to luxury life, can't imagine what he will be like after the bankruptcy of the family business. Although he can certainly keep some of the family wealth that ordinary people can't earn in their lifetime, his daily Private airplanes, holiday islands, luxury yachts and so on will never happen.
It's hard to accept when you think about it.
The emergency conference call lasted all night, and there was a big difference between the senior management and shareholders of Levison group.
Some people claim to accept Simon's shares. After all, the conditions offered by the super tycoon are not harsh. They are better than those who wait for Levison group to go bankrupt like vultures. The US $1.5 billion fund can not only completely relieve Levison group's financial pressure, but also pay off part of the impending debts.
There is also a lot of opposition.
Uncle Francis Levinson, who holds the Levinson family trust fund and serves as the vice chairman of the group's board of directors, strongly opposes Simon's offer, believing that it is taking advantage of the fire. In the final analysis, it is still that the Levinson family does not want to lose control of the business.
Although he does not participate in business management, Brodie Levison has a close relationship with many other shareholders of the group, and has also placed many senior executives promoted by him in the company.
After a dispute, many people were on the side of Brody.
Of course, opponents don't want Levinson group to go bankrupt, so they propose to take advantage of the news that Simon westero intends to take a stake to attract other investments. Since Simon westero is optimistic about this enterprise, it must be easy to raise funds. Westero only gives them one night to think about it, not to prevent them from doing so.
Until dawn, there was no result.
It was finally decided to vote.
Francis Levison didn't want to make a statement, but at the request of his strong uncle, he still voted against it.
The final result is to reject the westrow system.
Simon gave Francis Levison a time limit of nine the next morning.
On the first day of the new year, shortly after he got up, without waiting for Levison to give a reply, he received a call from James Leibold and got the news ahead of time. It turned out that a senior executive who was in favor of Simon's shareholding disclosed the news to a creditor of Levison group after the overnight conference call, and the creditor contacted James roundly.
Simon is not surprised by Levison's decision to use the name of the westrow system to finance in other ways.
Of course, we will never let it go.
Otherwise, it will be difficult to do business in the future.
When Celia Miller arrived at the northern suburb manor at 9 a.m., Simon had made more than ten calls in succession. He had done a lot of work ahead of time. The counter measure was also very simple. It was close to Levison group's weakness - huge debts.
Most of Levison's debt is raised through wall street.
Because the company has been hovering on the edge of the cliff for several years, many creditors have been worried about the safety of their own funds.
Levison group's corporate assets seem to reach $7 billion, enough to offset $5.3 billion in liabilities, but this is only the ideal state of the normal operation of the company. Once Levison group's capital chain breaks and goes bankrupt, the liquidation process will inevitably mean a sharp decline in assets.
At that time, not to mention $7 billion, half of it may not be recovered.
If we accept the investment of westero system, we can say nothing else, just the name of Simon westero, which is enough to make Levison group's crumbling junk bonds jump to the most secure level of 3A.
Unexpectedly, without communicating with creditors at all, Levison group gave up the opportunity to cooperate with Simon westero so rashly, putting everyone's investment in danger again.
How can this be tolerated!
It doesn't need Simon to add fuel to the flames too obviously. Before the senior management of Levinson group has time to use the name of westero system to contact other investors, many angry creditors have come to Francis Levinson's door and asked him to give an account. Some creditors even directly asked for immediate repayment.Celia Miller was entertained by Janet for a few cups of coffee. It wasn't until ten o'clock that girl a came to remind Simon that she was finished.
Come to the study, Simon has posture leisurely sit on the sofa in the reception area.
With a simple greeting, he motioned Celia to sit down opposite him. Simon handed over a piece of information he had just read: ”look at this first.”
Celia takes it. Open it.
Eyes soon narrowed.
The information in hand should be regarded as a memorandum, a very special memorandum, recording the deeds of a series of members of Yuri miloslav's family, governor of the state of Rovno in Ukraine. From September last year to the end of the year, it listed as many as three pages.
Yuri miloslav has three sons and two daughters, the eldest son Malcolm, the second son Oliver, the third son Gary, the eldest daughter Sabina, the youngest daughter Kitty, and a very active nephew Igor in the memo.
As for the contents of the memorandum, it can be summed up in four words: eat, take and pay.
Garry, miloslav's third son studying in London, demanded 100000 pounds for a sports car on his 18th birthday.
Oliver miloslav started a building materials company and asked to contract part of ufms's material supply. The price was 60% higher than the normal price, and the order value was 1.2 million US dollars.