The fake Wolf of Wall Street is like Jordan Belfort, a pure fraudster who makes a living by talking, exploiting people's greed to sell all sorts of dubious stocks—pure fraud.

He embellished his experiences in prison, turning himself into the Wolf of Wall Street. After his release, he could make a living by talking, giving speeches everywhere and being called a motivational speaker. In reality, it was no different from his previous fraudulent activities.

However, in the real world of Wall Street, his skill level was far below that of a wolf. At most, he earned a hundred million US dollars, making him at best a slightly larger hound.

The real Wolf of Wall Street.

Carl Icahn was 74 years old in 2010 and had a net worth of billions of dollars.

The Wolf of Wall Street is just one of his many titles; he is also known as a corporate predator, a vulture investor, and the godfather of shareholder activism.

The best course of action for a CEO he has his eye on is to prepare a handover plan in advance.

The biggest difference between his investment style and others is that he doesn't buy stocks and sit there waiting for them to rise.

He will be deeply involved in the company's integration, and after joining the board of directors, he will implement a series of measures, such as selling off peripheral assets, replacing managers, and repurchasing shares to reduce the number of outstanding shares, thereby ultimately achieving profitability. His default assumption is that management is definitely wasting shareholders' money.

There is a quote in his autobiography that has been quoted countless times.

If you want a friend, go buy a dog; I'm here to make money.

Fortune magazine called him a champion of shareholder rights, saying that although he was a hostile takeover bidder, he made more money for shareholders than any other speculator on the planet.

His most famous move in the 1980s was with Trans World Airlines, where he bought enough stock to force management to break up and sell off the airline's various businesses.

The aircraft was sold to another airline, the flight routes were assigned to another airline, and the ground handling business was outsourced to a third party.

He made nearly $500 million from that deal, and the board of directors of Trans World Airlines has been too scared to even mention him since.

He has failed before, but each failure didn't result in much financial loss, because in order to fight against him, the company needed to grow.

In the 1990s, he had his eye on Marvel. At that time, Marvel was not Disney's cash cow; it was a comic book company that was constantly losing money.

After taking over Marvel, Icahn almost split the company into several IP companies and sold them all. After several twists and turns, Marvel was not completely broken up, and only some of the copyrights were sold.

After the turn of the century, he fought a two-year tug-of-war with the board of directors of Time Warner, and in the end Time Warner sold AOL at a loss.

It's safe to say that once someone sets their sights on you, the management team will be in for a world of hurt.

In early 2010, he set his sights on Mentor Graphics.

Wally Lines, CEO of Mentor, has been in charge since 1993 and enjoys high prestige within the company. He is also never a pushover in front of the board of directors.

But Icahn doesn't care how many years you've worked; he only looks at the numbers.

Mindray's price-to-earnings ratio is only 60-70% of that of the other two EDA giants, even though the company's OPC product line has an exaggerated monopoly position and has a much higher profit margin than its peers.

This is related to the complexity of Mingdao's business lines, which include many completely unrelated business lines.

In short, in Icahn's eyes, this is a case of management inaction; there is a gold mine underneath, but it has been ruined by terrible management.

Icahn began to slowly build his position at low prices, and he did not need to report to the SEC if his shareholding was less than 5%.

He planned to gradually stop when the position reached nearly 5%, and then push it up all at once at an appropriate time, aiming to reach 15% within ten days before making an announcement.

Then Nvidia's conference came.

Icahn doesn't understand chip technology, but he has a dedicated team that tracks the real-time dynamics of all his positions.

He saw the report sent by the research team that same day.

Although he doesn't understand technology, he can still see the big picture clearly; no matter how you look at it, it seems like Mingdao is doomed.

His research team advised him to reduce his position now, as the more the stock price falls, the harder it will be for him to exit.

Icahn did not respond to the suggestion. The shrewd man decided to wait and see, feeling there was still a chance for things to turn around. He sent in more researchers and then brought in his legal team to begin discussing a framework.

Then in October, on the morning Samsung announced its official adoption of Tiya, Mentor's stock price plummeted by nearly eight percent.

The 8% drop is because Icahn was secretly buying up stocks.

As Mingdao's stock price continued to fall, he kept buying. Ten days later, when he disclosed his holdings in the open market, he already owned 17% of Mingdao's shares.

The name of a person, the shadow of a tree—Mingdao's management is on high alert.

Already facing external competition, they now have to contend with the wolves of Wall Street, leading some executives to consider early retirement.

However, Icahn had no intention of paying any attention to the management of Ming Directors; they had already been abandoned by him.

He instructed his office to send a letter directly to FlowEDA's office under the pretext of industry research, expressing his desire to discuss technical exchanges with Chen Yiran as a major shareholder of Mingdao.

At FlowEDA's new office location, in the middle of the open office area on the second floor, all 64 employees, plus a dog, have arrived.

Chen Yiran began mobilizing the team, announcing that FlowEDA had officially entered Phase Two.

"You all know what I boasted about at GTC last month. To deliver on what I promised on time, we need to go all out. Now, let me first talk about the general personnel appointments. Although there are appointment emails in the company's back office, announcing them here will feel more ceremonial."

He had Catherine paste a printed list onto the whiteboard behind him. The list was short, fourteen lines long, with one person's name and a new position listed in each line.

"From now on, Gao Dewei is no longer just the Chief Technology Officer (CTO), but the Vice President of the three product lines: Placement, CTS, and Vt. He will be in charge of all the product teams on the digital design side."

Raj, VP of GPU Infrastructure. From now on, all GPU clusters, CUDA underlying optimizations, and distributed computing environments will be handled by Raj. He's a partner, so be polite when you need his computer repaired.

Zhou Tianyou, Director of HPC System Architecture, will work with Raj to oversee the GPU and CUDA teams. Zhou Feng, Director of OPC Product Line, will be responsible for all software products related to manufacturing EDA in the future.

Lin Zhiwei, Senior Manager of the Placement Product Line. Amit, Chief Engineer for Routing Integration; all cross-product line technical collaborations from Placement to Routing will go through Amit.

Despite being in front of more than sixty people, Amit remained unfazed and stood up, shouting in increasingly fluent Chinese, "Thank you for your guidance, boss."

"Matthew, Senior Director of TCAD and Optical Simulation. Jin Chenghao, Director of OPC Delivery. Jin Chenghao is responsible for OPC delivery for Samsung, GlobalFoundries, and SMIC. This may be quite busy in the short term, and I will help you find a helper as soon as possible."

Han Yu, Head of Kiki Product Line. From now on, everything related to the Clock Tree will be Han Yu's responsibility. Zhang Minghui, UI and Visualization Team Leader, C++ system engineering issues are all your job.

Then Chen Yiran, holding Pidan's hand, said, "This is something you might not see often, Pepsi! The company mascot, the legendary employee number 000. Of course, I'm a staunch Coca-Cola supporter; the company only has Coca-Cola."

Pidan was quite the attention-seeker; with a bunch of people staring at him, he didn't know who to talk to and started running around aimlessly.

After a minute of fussing and calming the preserved egg down, Chen Yiran began to introduce the last, and most important, one-of-a-kind spot.

"Last and most importantly, there's our Catherine, the VP of Operations! From now on, if you have any complaints about the snack area, need to request a new monitor, the air conditioning is malfunctioning, or you think the next group is too noisy, go to Catherine. I'm just the nominal boss; she's the one who actually manages your daily operations."

The whole room burst into laughter, and Catherine stood up with great poise and gave a Western-style maid's bow.

"Alright, starting today, each product line has a person in charge. All tasks are on this whiteboard, and everyone's name is on it too. Each group's tasks are marked in red; once completed, you mark them in blue. Long-term employees know we have a year-end bonus plan. I can assure everyone here that as long as the year-end progress is on schedule, there will be bonuses!"

After everything was arranged and he went to Gao Dewei's office to give him a few more instructions, Chen Yiran prepared to slip away again. These past two months had almost exhausted him.

When they arrived at the entrance of his workplace, Catherine stopped him.

"Boss, here's a formal email from Mingdao's major shareholder. They want to discuss technology with us?"

"ah???"

Chen Yiran was dumbfounded. They were already at each other's throats, and you came over to "communicate"? Are you crazy?

Upon closer inspection, I saw that the name Icahn sounded familiar.

Jasmine's suggestion came just in time.

[The Wolf of Wall Street, you might have seen him in a Bilibili video in a past life. One was in the "Smart Roadblock Business Series 01: Netflix," where he mentioned Carl Icahn. The other was in "Xiaolin Talks About Real Short Selling," where he mentioned Icahn. He's a Wall Street bigwig; I feel like he's definitely not here to talk about technology.]

"When soldiers come, we'll block them; when water comes, we'll dam it," Chen Yiran instructed. "Give him a reply. Tell him we can meet and talk. Let him schedule a time."

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