America started its counterattack from the bum

Chapter 375 Leader 4
Bayer has been in this business for many years.

As a senior financial personnel, he knew clearly where the problems of Xizhou Logistics lay.

But in this world, there are some things that can only be understood but not expressed in words.

Every senior executive of Xizhou Logistics knew where the problem lay, but no one was willing to speak out—before President Cheng became the controller of this logistics giant.

“The company has cash flow problems. The problem is that we are not short of money, but we always have to pay off debts. We keep paying off debts, cash flow dries up, and we continue to pay off debts, and then we repeat the process next month.

We so-called executives are not really executives at all. We also want to boost the business and make the company more successful, but our opinions don’t count.”

Ignoring the frightened expressions of Greenstone and Pent, Bayle spoke out loud and clear in one breath.

Gru was originally listening to Bayer's nonsense with a smile on his face, saying "I don't believe anything you say".

Now he stopped smiling and 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. Bayle looked relieved.

Interesting, Sheriff Gru just found it interesting.

"Someone is forcing Xizhou Logistics to borrow money?"

Cheng Daiqi felt a little bored, Achilles, your methods are too traditional.

But this is normal. Innovation in form and noun will not change the essence.

"You know, we were not the controller of Xizhou Logistics before, and we are not the controller now."

Bayer has completely started to fight, he doesn't want to take the blame anyway!

"Western Logistics has only two high-profit businesses. One is traditional bulk commodity logistics, which covers trucks, trains, inland shipping, etc. The other is government subsidies. Because of the high debt ratio of Western Logistics, the federal government, considering its value in stabilizing employment, put us on the subsidy list along with some other logistics giants.

Under normal circumstances, with profitable businesses and subsidies, Xizhou Logistics should not be short of money, at least not as short of money as it is now. However, the model designed by the previous actual controller was to continuously drain cash flow by using loans to pay wages and expand.

When you have cash, you use it to pay off debts, and then borrow money again after paying off debts. There are also restrictions on loan issuers, and the interest rates are very high. "

"That's enough, Bayer. This is just a necessary measure for business operation. Which company doesn't have loans?"

Greenstone interrupted Bayer's statement.

Cheng Daiqi pointed at him and asked with a little expectation.

"Are you from Achilles's side?"

After these words were spoken, Bayer became the happiest person. The poor accountant finally breathed a sigh of relief.

Sure enough, the bet was right.

"No, sir, I am only speaking out of a position of loyalty to duty. The debt problem of Xizhou Logistics sounds outrageous, but it is only a little excessive. After we take decisive countermeasures, this high debt ratio situation will definitely be improved."

Cheng Daiqi nodded in disappointment and closed the report in his hand.

"There are more than 300 million in debt due next month. I'm curious about how much cash flow Xizhou Logistics generates each year, not counting costs, only the cash flow on our books."

Gru was a little surprised. It seemed that Mr. Cheng was really not worried about the huge amount of debt.

You don't really intend to pay it back, do you?

"More than nine billion dollars, Chan, the key is that the interest expenditure is too high. Every year we have to pay an additional nearly seven hundred million dollars in interest for this huge debt. The profit margin of the logistics industry is not high, and this seven hundred million dollars in interest almost swallows up all our profits.

Then we will be back to that vicious circle. If we want to expand, we need to take out loans. Loans increase costs and the risks are uncontrollable, so we have to rely more on government subsidies. Maintaining relevant relationships becomes 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 has been getting higher and higher. Sometimes I even wonder if I will be sent to prison. "

What Bayer said today almost exposed the true colors of Xizhou Logistics. The former general manager Peng Te stopped pretending and spoke.

"Mr. Gru, Dear Chan, as the former CEO of the company, I bear an unshirkable responsibility for the company's predicament, so I am willing to resign!"

He couldn't afford to offend Achilles, and he couldn't afford to offend these newcomers either.

Then just go home. Bayer has made it very clear that the main responsibility has nothing to do with them.

"Also, I want to say something about the 'executive financial crime' that Bayer just mentioned. Personally, I can guarantee that I have not taken even a penny of money that I shouldn't have taken. If you have any doubts, you can check it out!"

Greenstone couldn't sit still any longer.

"Hey, Pente, man, if the company is in trouble, we can definitely face it together, right?"

Quiet, quiet, the air in the conference room became even quieter.

The smart people looked at the man who was under the colorless spotlight. The man also realized that he had been exposed. He smiled awkwardly, and it was a very forced smile.

"How much money do you expect to have in your account before the repayment period?"

Cheng Daiqi ignored the words of the other two executives and continued to ask Bayer.

"It's just over 300 million, and we're short of 80 million. If we use all of it to repay the loan, we'll have no money for our daily operations. This is what I mean by dilemma."

This was indeed not good news. Even though President Cheng had thought that there would be problems with Achilles' gift from the beginning, he underestimated Achilles's methods.

This guy is really cruel. He has almost squeezed the company he works for to the point of draining its blood.

They squeezed the marrow out of Xizhou Logistics, which had many profitable projects, and ended up with the company being unable to pay off its debts.

Leaning in the chair, Cheng Daiqi's fingers gently pried the edge of the table, his head half tilted back.

He was thinking, thinking about how to deal with this mess.

Capital injection is the simplest way to break the cycle of Xizhou’s financial difficulties with cash flow.

But Mr. Cheng is now in a situation of cash flow depletion.

Yes, he still has money, including money from his identity business, money from the prison merchants, money in the MAS account, etc. He still has money.

However, the LEC cryptocurrency trading platform is in a period of rapid growth, and the BEC coin has just been listed. The turbulent waves in the cryptocurrency field require large amounts of funds as ballast, and Mr. Cheng cannot easily move the reserve funds that stabilize the market.

Since it is not possible to inject capital on its own, it is necessary to introduce some financially capable strategic investors. However, Xizhou Logistics has been registered under the name of a newly established non-profit entity. Under this equity structure, introducing investors has become a problem.

Trouble.

"That, I think"

Gru's eyes, as solid as a knife and as sharp as a sword, just glanced at Pent, and he sat down again and closed his mouth.

Forget it, I can’t afford to offend you. I can’t afford to offend you at all.

"Why, Pente, have you figured out a solution to the problem?"

Cheng Daiqi looked at Peng Te expectantly.

"Ah? Well, I'll cut down on operating costs by laying off employees and cutting out marginal businesses to control expenses. I can also raise the salaries of senior executives if I think about it."

Anyway, I want to resign this time, no matter how big the situation is.

Before Gru came, Pengte was the general manager of Xizhou Logistics. After Gru came, he was demoted.

Just demote him, the problem is that Gru is too rude and Pent is under a lot of pressure.

Now that Bayer has lifted the lid, the new boss obviously doesn't get along well with the old boss. Why should he continue to stay in such a troubled place?
It is very easy for a professional manager of such a billion-dollar group to find a job again. If he is not wanted here, he will find another job. Peng Te is confident of this.

It was obvious that Pent was demolishing the bridge, but Bayle and Greenstone had no objection at all. Bayle had already won the bet, and Greenstone no longer cared about it.

"Greenstone, tell me something. I remember you were the top-ranked deputy general manager. I guess you must be very capable."

Cheng Daiqi called the second person, Greenstone wiped the sweat off his forehead and spoke tremblingly.

"Well, layoffs are a good idea. In addition, Xizhou Logistics used to outsource service companies. At the beginning, outsourcing could help us greatly reduce costs, but with the development over the years, their prices have become higher and higher. Mr. Gru, respected Chan, we can reorganize the company's outsourcing system. I think there is a lot of room for cost reduction."

Gru sneered, lit himself a cigarette, and watched Greenstone perform in silence.

Most people cannot imagine the feeling of being targeted by a wild beast. Greenstone can even hear his own heartbeat.

"Chan, didn't Bayer say that some of the executives were suspected of financial crimes? How about I check first and see if I can get some money from them to solve the urgent problem?"

Sheriff Gru looked at the sweaty Greenstone and gave his advice.

How long will it take to sort out the outsourcing system? It's also troublesome.

Sheriff Gru has a simpler solution - torture.

I can only say that this is very Gru, and has a lot of Li Zicheng's legacy.

Mr. Cheng rubbed his forehead helplessly and sighed.

"Lay off employees, cut business lines, raise executive salaries, sort out outsourcing business, OK, what else do you have in mind?"

Stop asking for money and just look forward.

There’s no way. Mr. Cheng doesn’t really understand how to do logistics. He is not a god.

Everyone looked at each other. Bayil hesitated for a moment and then spoke.

"We 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 jump out of the car and place a bet gave President Cheng a suggestion that was difficult to implement. It was obvious that the Karamakris family was using Xizhou Logistics as a blood bag. These executives were aware of this, so they were so surprised by Bayer's confession.

Now, they looked at President Cheng with either expectation or suspicion, wanting to see how President Cheng would respond.

Do you have what it takes to take on Achilles?

"Okay, let's talk about paying off the debt. Ha, the Qing Dynasty was too honest back then. It paid off all the debts it had. Otherwise, it wouldn't have collapsed so quickly."

If you owe a debt, do you have to pay it back?

Many people will say that it must be repaid, after all, it is only natural to repay debts.

But is this really natural?

Why don't you doubt who is controlling 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 capitalistic, isn't it?
During the American financial crisis, the number of giants that were too big to fail was two orders of magnitude higher than the giants that fell. This is the real reality.

Cheng Daiqi picked up the phone on the table, found Achilles' business card, and dialed the number.

Gru lowered his eyebrows with a bit of envy. He really regretted it.

I didn’t understand it when I was young, but now I understand it, but it’s too late.

Cheng also looks for women to join the game, but the women he finds are rare even in America. Although Temir is a bitch (Gru thinks), she is at least pretty and smart.

What is he looking for? A man who has changed his sex!

Gru, oh Gru, Sheriff Gru almost got down on his knees to beg for food, but he still couldn't even get a bite of dog food.

Sheriff Gru felt a mixture of shame, regret, and envy.

"Haha, Chan, what's up?"

Achilles' voice came, and Cheng Daiqi answered with a smile.

"You've prepared a big surprise for Mi'er and me, Mr. Achilles. Do you want us to pay 8 billion to buy your way out?"

Pent looked at Bayer in astonishment and confirmed it with his lips.

'Temir?'

Bayer nodded complacently, he had won this time.

He put the blame on Greenstone, the idiot, and showed his utmost loyalty, which made his future path brighter.

"Of course not. It seems that you are also aware of the situation of Xizhou Logistics. Aren't there other properties, equity, and debts in the assets I allocated to Mi'er before? These can all be converted into cash to repay the debt of Xizhou Logistics.

Of course, the specifics of how to return it are still up to you to decide. I don’t have that much to worry about, Chan. As long as you can fulfill your promise and make the California Elephant Party a success, that’s all that matters.”

Mr. Cheng wanted to scold him, but he held himself back.

You, Achilles, were born just as you always do. You give money but not completely, and you go around in circles and still act like you are innocent.

Where are you pretending to be crazy?

"I can handle the people from Xizhou Logistics, right?"

The three executives present were dumbfounded. It sounded like you had a solution to your debt problem, so why did you still want to deal with us?

Dealing with Gru, who was eyeing him covetously, several people didn't think that "dealing with" was a good word.

"Of course, that's Mi'er's company. Well, as long as you get her consent, it'll be fine. I'm still looking forward to you getting married soon. Then I'll give you another 10 billion. Hahahaha."

For Achilles, giving money to solve family troubles is actually the lowest-cost option, because money is just a number to him.

In the past, Mier was not very good, and he looked down on his stupid sister.

But now Mi'er is so capable that she tricked America in a flash, which even made him astonished, so Achilles is willing to send this girl out as a gift.

Go ahead, get married, change your last name, have a bunch of kids, and live your life as a lady with my money.

It seemed like money was spent, but it not only stabilized his own market, but also shut Anthony up, because this kind of division of the family also helped old Deng realize his wish of family expansion.

So much money.

"Come to California when you have time. Niu Sen really wants to meet you, hahaha."

Cheng Daiqi 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 from the company?"

Greenstone looked like a cat with its fur standing on end, and he almost screamed in response.

"I'm not, I didn't, I..."

He subconsciously looked at his "companions". Compared to Mr. Cheng and Gru, Pent and Bayer, the two old colleagues, were indeed his companions.

But what made him despair was that these two had no intention of helping and each of them ignored his gaze asking for help.

"Lil, come on, take this man to the LAPD and let the reliable Los Angeles detectives help me check whether he stole my money."

Torture is not feasible, but killing a chicken to scare the monkeys is still necessary. The death of Sirius is nothing. President Cheng can just choose a deputy president to sacrifice to the gods.

"Don't touch me, you are violating my human rights!"

Greenstone struggled under Lille's big hand, and Cheng Zong teased with a malicious look.

"No, you violated his human rights. He is a sexual minority, suffers from mental illness, and has a proven and medical record of mental illness. Your voice was too loud just now and might have scared him."

Looking at the giant iron tower-like "Giant Bear Lir", Pent racked his brains but could not connect this human-shaped beast with those words.

Only at this moment did they fully understand what kind of new leader Xizhou Logistics had welcomed.

(End of this chapter)