Coquettish Rebirth

"Hung-chien, how much do you think Citigroup's stock will fall to in the end? 15? 14? Or... 10?" Ye Jing asked without thinking it was a big deal.When she raised her head to ask Jia Hongjian, her face was full of excitement, and little stars were twinkling in her eyes!It seemed that she was very happy to see Citigroup being unlucky!In fact, there is nothing wrong with being happy. Citigroup is not a bank for Chinese people. Citigroup used to be equivalent to rich and handsome. It's okay to laugh at home!We didn't go to the door of Gao Fushuai's house to laugh, did we?We don't laugh in public either, do we?How can I say that Citigroup was once the world's largest banking industry?

People's stocks were more than $2007 in the second half of 40, okay!It has fallen to a third or even a quarter of what it was before, so it is a joke to make others happy!Ye Jing was right, but she felt that it was very, very unbelievable for Citigroup's stock to drop to $10, but Jia Hongjian couldn't tell her that $10 was actually a dream for Citigroup in the future. Please!

That's right, as a reborn person, Jia Hongjian knew the tragedy of Citibank!How miserable is it?After the tragedy, if the U.S. government hadn't come out to guarantee Citigroup's debts, if the U.S. government hadn't invested tens of billions in shares to tide Citigroup through difficulties, Citigroup would really be going bankrupt!That's right, once the largest bank on earth, it almost went bankrupt in the subprime mortgage crisis in 08!This Citigroup can be said to be too big to fail!If this Citigroup collapses, the entire United States will suffer!So the U.S. government has to take action to save it, and has to use the taxes paid by ordinary people to stuff a private bank like Citigroup!

So Citigroup is so miserable, how low is their share price?lowest?Jia Hongjian really didn't dare to speak out, no one would believe him!Even Ye Jing couldn't believe that number!How much is it?How much... The lowest price of Citigroup stock in history, that is, it has fallen below $1!That's right, it's not $10, it's $1!In the end, the stock price was less than one dollar!Calculated from the face of the stock price alone, it has shrunk by more than 2007 times compared to 40!If you compare it in percentage terms, it's even more scary-the Citigroup stock has shrunk by 98% in the end!What is the concept of shrinking by 98%?Only 2% left!That is to say, if there is an old man, the bad luck will be in the second half of 2007. If I bought 40 million US dollars of stocks when it was at a high of more than 100 US dollars, and then I have been convinced that Citigroup will survive for such a long time, this guy’s stock is only 2 US dollars when Citigroup is on the verge of bankruptcy!

Then after the US government stepped in.Although Citigroup's stock started to rebound, it took more than a year. Even if they have turned a profit, their stock price still can't go back to more than 40 US dollars - let alone the price of more than 40 US dollars, even The $10 price doesn't even come close!That's right.Most of the investors who invested in the US stock market all over the world were scared to death by the 98% shrinkage of their assets before, okay, who the hell has seen such a battle!Citigroup!The world's first bank!What kind of investment they will cause their own assets to shrink by 98%!Although Citigroup has slowed down now, who the hell dares to vote for Citigroup? It makes people feel that he definitely didn't earn the money by himself!Most investors are afraid of well ropes after being bitten by a snake for ten years!

So even if it turns losses into profits, the stock of Citigroup is still only fluctuating around $4. No matter how hard it is to manage, the price will never go up again!It seems that investors have ignored the profitability of Citibank, and it seems that everyone no longer believes in Citibank!As for Citibank, they used to be the boss of the World Bank, and now they have turned losses into profits.They also feel that the stock price of $4 is too ugly-how can they be one of the constituent stocks of the US stock market?Other companies are all tens of dollars a share, but Citigroup has been selling for 4 dollars a share, isn’t it too ugly?

Then Citigroup adopted the rare "Bone Shrinking Method" in the stock market in the world!What is bone shrinking method?That is to say, the person who held 10 Citigroup shares before has now been reduced to 1 share!Of course, this method of shrinking bones will not make consumers invest less money, and consumers will revolt, but what is the purpose of such methods of shrinking bones?It is to let the new share price now be the price of the past ten stocks!In the past, the price of one stock was $4, but after the bone shrinking method, the price of one stock was $40. Look!Citigroup shares are back to their former peaks.It perfectly fits Citigroup's status as a constituent stock and index stock of the US stock market. Citigroup is so great!Of course, such self-deception will certainly not make Citigroup's market value tenfold.Their market capitalization doesn't matter if the stock price is $4 or $40 - the number of shares is reduced and the total amount is effectively the same!So after experiencing such a subprime crisis, Citibank, which was originally the world's number one, and the rich and handsome Citibank that other competitors can only look up to, was overtaken by China's ICBC in an instant, and became the fifth in the world in an instant. bank's...

"I guess it's ten yuan." Jia Hongjian said after pretending to think for a while.Smart as he is.I must know that I have to pretend to be stupid in this kind of detail, and I have to make some miscalculations!Otherwise, he would be able to guess exactly where the stock has fallen, and it would really make people suspect that he is a monster!He usually jokes that he is reborn, but no one will believe it, and everyone will think that Jia Hongjian has excellent vision.But a good eye is at best looking at the general direction. It is impossible to see so clearly how far the stock has fallen, right?Now how many people in the world dare to guess that the final price of Citigroup's stock will fall below one dollar?Maybe Jia Hongjian is the only one who dares to guess like that among the 60 billion people in the world!In addition to Jia Hongjian's "previous record" of "predicting things like a god" before, his guess is so accurate this time, it's really easy to scare people!After all, it is easy for people to feel afraid of the unknown, and Ye Jing, who is his fiancée, will subconsciously stay away from Jia Hongjian!So there's no need for Jia Hongjian to do such unpleasant things!

But seriously, why on earth is Citibank so miserable?Why did the world's largest bank lose so much in just a few years and even be on the verge of bankruptcy?How on earth did it become like this?In fact, to put it bluntly, it's just that the cub sells his father Tian's heart does not hurt!It's not my own company, so people naturally don't cherish it so much!In particular, Citigroup is still a listed company, which is why Jia Hongjian is unwilling to let Huaxia Hi-Tech go public - once it goes public, it must be responsible to investors!And these investors are not all retail investors!There will also be various big households and even local tyrants who buy stocks and join the board of directors!For example, if Huaxia Hi-Tech is going to go public, maybe some Abu Dhabi consortium or Norwegian sovereign fund will buy a lot of shares and directly enter the board of directors!

What are they doing here?Isn't it to support China's informatization construction? It's for making money!Therefore, after the board of directors has poured in a large number of investors, people will not care about the corporate culture or not. As long as it can make them money, they can do anything. If they can’t make them money, then replace them!So even if Jia Hongjian himself is at the helm, he still needs to see the shareholders' faces!If Jia Hongjian retires in 2012 as planned, after professional managers take over, can they beat the shareholders?Shareholders ask professional managers to make money for them. How dare professional managers say no?Moreover, professional managers also need to make achievements, and they themselves also need to make money!How do they make money themselves?Whether it's bonuses, position shares or options, whatever, anyway, their income is closely related to their performance!The better the numbers look, the more they earn!

So what’s wrong with making the company riskier for higher income?The company took some risks to invest, and the performance is very good. The various financial report figures seem to make shareholders very happy, so that professional managers can get 3000 million US dollars a year!But if everything develops honestly and steadily, maybe they only earn 300 million US dollars a year!This makes anyone other than Jia's family come up and take risks for 3000 million US dollars!After all, it's not the professional manager's money that he lost after taking the risk, so he's afraid of it?If he loses money, he won't let him pay for it. He's afraid of it!If you are lucky, if you get 10 million US dollars for 3000 years in a row, even if the company encounters problems and goes bankrupt, so what?Can't this professional manager come out and start his own company?Is it okay for people to keep pensions?And if he tries his best to make the company less risky and stable, then he himself only gets 300 million yuan a year, and he may be scolded by the directors in various ways, and even the board of directors may vote him out after working for a year. I'm fired, and someone who dares to take risks and can do performance will come up!So if there is no good result for being a good person, who will be a good person?

As a result of such a series, it is natural that Citibank's business becomes more and more risky, and it is more and more inclined to walk the tightrope!When the world is good, the risk of walking the tightrope is very small and the reward is great. Everyone is very happy, really hello, hello, hello everyone.Then what?When the world suddenly went bad, the whole company was instantly teased by all kinds of hidden diseases left behind and almost died!This means that Citigroup is lucky, too big to fail!If the scale of Citigroup had not been as large as the world's largest before, maybe the U.S. government really let Citigroup fall!At that time, who are those shareholders going to cry to?Who would have known that when investing in a bank, all kinds of data were so good before, and the profits were so much, the result was that it went bankrupt in the blink of an eye!And if the old guy who founded this bank has already been buried in the ground, if he found out about this in the underworld, he might really go crazy and crawl out from the ground to find a gun and shoot the CEO, CFO, and the board of directors one by one. All kinds of people! (~^~)