Chapter 1390 (1/2)
”Tiger Fund suddenly released an 89 page short report on Vivendi global. The report is divided into several parts. In the first part: fraud, Tiger Fund, taking defjam records as an example, listed in detail such financial fraud as the company's misrepresentation of revenue and profits, exaggeration of the value of fixed assets and so on. The report also claims that this phenomenon is widespread in all branches of Universal Music Group.... ”
The next day, the Tiger Fund issued a short report. When little Bronfman learned the news, he didn't take it seriously at first. He blinked his eyes and asked people around him, ”isn't the tiger fund being redeemed by investors?”
”Yes, before and after the stock market crash, all of their multiple-choice questions were wrong, which has already become a joke on Wall Street.” Ron Meyer, the president of Universal Pictures, glances at his forehead. Doug Morris, the president of universal music, who is in a daze, smiles and flatters his boss.
”Another mad dog, trying to be famous again by stepping on me? Ha ha, they are really good at choosing people... ”
Little brown man sneered, ”what else did they say in the report?”
”The text is faxing...” replied Doug Morris.
Some people turned up the TV. ”Tiger Fund summed up seven dangerous signals to investors based on this evidence. In the second part, they questioned Vivendi Global's joint efforts to conceal the debt size after the merger.”
“WTF？” Little Bronfman was a bit slow and alert. After all, he was collaborated with CEO, messier, who did not want to make complaints about his subordinates. He said, ”what do tiger funds want? Their boss is called... Called... ”
”Julian Robertson.” The man replied.
”In the third part, the Tiger Fund questioned the expected profit scale of universal in the music and film industry. They listed a series of industry data, including Edgar Bronfman, chairman of the board of directors of sigma global, who personally confirmed to the media that universal is facing a major challenge of physical and online piracy in the entertainment industry, In my opinion, industry wide revenue will shrink at an average annual rate of 10%, which is not reflected in Vivendi's stock price performance before the suspension. ”
”At the same time, Vivendi has expanded its media industry in France, and the profitability of its branches is also very poor.”
As the TV continues to broadcast, little brown man reaches for the landline, and his men scramble to find Julian Robertson's private phone, dial it, and pass it to him.
”Mr. Robertson, I'm Edgar Bronfman.”
He asked calmly, ”is there anything you need to explain to me about your company's behavior today?”
”Well, all I have to say is in that report.” Julian Robertson didn't expect that he would call himself. He was stunned and replied, ”read it carefully. Maybe I know your company better than you. It's good for everyone.”
”You're playing with fire, Julian, trying to impress? Just because you've become nothing on Wall Street? ” ”I don't remember any conflict between my family and you. If you are short of money, just say hello to me in advance. Why do you look like a gambler who lost his red eye?” asked little Bronfman
”You
Julian Robertson was once a Wall Street bully. He said, ”business is business. I'm sorry!”
”Hang up on me, damn it!”
Little Bronfman threw the microphone back, and his men reported, ”Mr. Messier is coming right away.”
”It's embarrassing...”
He took the group to the fax machine to wait for the short report. It was very slow. The machine just spit out a few pages. ”You won't let me lose face in front of messier, will you?” He picked it up, saw the defjam record, and asked Grimes.
”I don't know... Maybe the Internet is faster.” Doug Morris went to the computer, looked at the Yahoo financial community, and soon found the news of Tiger Fund's sudden disaster on the home page. He went to the inside page and successfully downloaded the full text of the short report.
Little brown man came to see the complete financial data of defjam last year in the appendix of the first part
”What's going on? Where did Julian Robertson get it? ”
He was diligent, naturally impressed by the document, and immediately glared at Doug Morris.
”I... I have to ask Lyle Cohen.” Doug Morris quickly shakes the pot.
”Now!” Little Bronfman yelled.