Rebirth in 1985

Chapter 1043 Tips

Lu Shaohua has always paid great attention to Yahoo!. Although he has not often visited the headquarters in the United States, Lu Shaohua often reads the documents sent by Yahoo! to the group headquarters. Therefore, Lu Shaohua still has a certain understanding of Yahoo!'s current situation.

It has to be said that Yahoo has developed rapidly in the past few years because it has the support of Phoenix Group. There is no shortage of competitors in the same industry, but no competitor dares to harm Yahoo.

In the United States, things seem peaceful on the surface, but what is behind the peace? It is darkness. Having lived in the United States for so many years, Jerry Yang has a deep understanding of this, so he is very grateful to Lu Shaohua.

Yahoo is the result of Jerry Yang's hard work. Before it was acquired by Phoenix Group, Jerry Yang encountered many headaches and solved them with money. But now, there is no need for money and no one dares to provoke Yahoo.

More importantly, Yahoo is still in his control and he has the final say on everything in the company. Sometimes, if there are problems with a proposed plan, someone will object and point out the flaws in the plan, which will then be modified before being implemented.

Also, in the past, Yahoo was just a company with a market value of less than 10 billion US dollars, and Jerry Yang's net worth was only a few billion US dollars. Now, Yahoo's market value is over 100 billion US dollars, and although Jerry Yang's shares have decreased, his net worth has increased. He is truly a billionaire.

Jerry Yang knew very well how he got all this. It was all given by that legendary figure who was a dozen or twenty years younger than him.

Yes, Lu Shaohua is a legendary figure. Since he surfaced, he has been constantly creating legends, just like these trips to the United States and the acquisition of all the oil industries under the Rockefeller Consortium. What a legendary thing it is.

The Rockefeller Consortium is not just any old group of people. In the past, we have only heard about the Rockefeller Consortium acquiring other people's industrial companies, but we have never heard about the Rockefeller Consortium being acquired by someone in any industry or company.

Now Lu Shaohua has done it. Lu Shaohua has acquired all the oil industries of the Rockefeller Consortium. In Yang Zhiyuan's view, this is simply a miracle.

Being in the United States, Jerry Yang knew too well about those so-called consortiums, and it was precisely because of his understanding that he admired Lu Shaohua so much that when Lu Shaohua arrived, he put down everything he was doing and went to the airport to greet Lu Shaohua.

In contrast, Lu Shaohua was quite casual in getting along with the founder of Yahoo, his compatriot. He got into Jerry Yang's car and chatted with another Yahoo founder as the three of them rushed to the company's headquarters.

"What do you two think about the current subprime mortgage crisis?" Lu Shaohua raised a topic.

It seems that Lu Shaohua asked casually, but if you look closely, you will find that Lu Shaohua is not casual at all, because when Lu Shaohua asked this question, his eyes were constantly staring at Jerry Yang and Filo, trying to capture their reactions.

Being in the United States, the subprime mortgage crisis was making headlines. Both Jerry Yang and Filo had a new understanding. So when Lu Shaohua asked this question, their expressions became more solemn than ever before.

"Oh! That was definitely a disaster. I really hope it will be over soon." Ferro usually doesn't talk much, but when he mentioned the subprime mortgage crisis, he couldn't help but sigh. "Our company has been affected by the subprime mortgage crisis. If you hadn't issued a defense order before, our company would have made sufficient preparations, otherwise the losses would have been even greater."

In fact, Ferro was also confused at one time. At that time, he suddenly received an order from the Phoenix Group headquarters, claiming that they should be prepared to deal with the crisis. However, the subprime mortgage crisis had not yet broken out, and Yahoo was continuing to develop. This made Ferro very puzzled.

For this reason, Ferro also had a brief exchange with Qin Sichen as the technical director, implicitly expressing his dissatisfaction with the order issued by the Phoenix Group headquarters. However, Qin Sichen only said lightly, "This is the chairman's order," and Ferro had nothing to say.

It is true that Ferro is a technical person, but that does not mean he knows nothing about the outside world. Ferro has made a point of learning about Lu Shaohua and knows that he is a legendary figure who has never made a mistake in his life.

Oh, no, it's not that he didn't make mistakes, but Lu Shaohua had never made a mistake in the business world, so Ferro chose to obey Lu Shaohua's order. And everything that happened today showed that Lu Shaohua's order was not wrong. Not only was it not wrong, it also allowed Yahoo to minimize its losses.

Look at other companies that are as famous as Yahoo, Google, Microsoft, and AOL. Their stocks have all declined to varying degrees, and although Yahoo’s stock has declined a little, it is still within the normal range.

From this we can see that Lu Shaohua's order was not wrong. Not only was it not wrong, it was extremely correct.

Compared to Ferro, Yang Zhiyuan thought about the problem more deeply. Yang Zhiyuan even sensitively realized that this time might be a big disaster. As soon as Ferro finished speaking, Yang Zhiyuan spoke up. "I think the disaster will continue."

It was a very obscure and conservative statement, but Lu Shaohua, who knew Jerry Yang, knew that what Jerry Yang wanted to express was that the disaster might develop in a drastic direction.

Lu Shaohua smiled, expressing satisfaction with Jerry Yang's foresight. After looking at Jerry Yang and Filo, Lu Shaohua also spoke up. "According to the analysis of the Phoenix Financial team, the result is that the subprime mortgage crisis can evolve into a financial storm, yes, a financial storm that sweeps the world."

"Oh?" Ferro was surprised.

"..." Jerry Yang did not say anything, but his solemn expression showed that he had guessed the answer, but did not expect it to be so serious. At the same time, he was also worried about the future of Yahoo.

"From the current situation, other financial storms have already evolved and formed, but they have not yet completely erupted." Lu Shaohua finally gave a definition, and then did not forget to add one more sentence. "And I came here this time just because of the financial storm."

After finishing his speech, Lu Shaohua paused, looked at the two Yahoo founders, and continued, "I know you don't take this subprime mortgage crisis seriously, thinking that it will only affect the real estate industry. So, when defending, you followed the requirements given by the headquarters, but you didn't do your best."

Yes, when the order came from Phoenix Group headquarters, the Yahoo branch was already arranging defenses, but Jerry Yang and others did not take it seriously, but just did it to cope with the task. This is not okay, absolutely not okay.

If the people in power of a company do not pay attention to it, what will be the consequences? The answer is obvious. The ultimate result is that the company will suffer losses at the very least, and at the worst, the company will be completely ruined.

"I'm sorry, it's my fault." Jerry Yang took the initiative to apologize.

He knew that as the person in power at this moment, he had an unshirkable responsibility. Of course, apologizing was another matter. The important thing was that he felt bad. Jerry Yang's feelings for Yahoo were as deep as anyone else's. After all, it was his hard work.

At the same time, Jerry Yang was also very grateful that Lu Shaohua came to the United States at this time and reminded him. Otherwise, what would the consequences be? Jerry Yang couldn't imagine it, which might cause all his efforts over the years to go to waste.

Lu Shaohua stopped talking, indicating that he did not blame Yang Zhiyuan, and then continued, "Next, let's just talk about what happened next. We still have time. There is still time to make up for the loss."

It is true that the financial crisis will happen and will erupt in the near future, but it is caused by the subprime mortgage crisis caused by the real estate industry. It has a certain impact on the Internet industry, but it is not very serious.

Therefore, even though the financial crisis is about to break out, there is still time to make arrangements. After all, defenses have already been arranged and there is a framework. We just need to strengthen it. In addition, the impact of the financial crisis on the Internet industry is not the greatest, so there is no need to increase the defense to the highest level.

"We will hold a high-level meeting after we return." Jerry Yang almost patted his chest as he promised.

Lu Shaohua nodded and smiled, very satisfied with Yang Zhiyuan's performance, and then changed the subject. "Yahoo is no longer the same as it used to be. It has become one of the giants in the Internet industry, and the company seems to have reached a bottleneck. If it wants to break through and maintain good competitiveness, it has to work on the original framework."

It has to be said that Yahoo has reached a critical point in its development. It is extremely difficult to break through. More importantly, when it reaches a critical point, if it does not seek progress and chooses to stay where it is, it will fall behind.

The price of falling behind is being beaten, so it is particularly important to maintain good competitiveness. For example, we can make use of the current framework of the Yahoo website and develop some more attractive new things. While maintaining good competitiveness, we may even be able to make a breakthrough.

Let’s not talk about anything else, for example, Phoenix Tencent has now developed the QQ home market, which has attracted many players and indirectly raised Phoenix Tencent to a higher level. This is to maintain good competitiveness and at the same time, take advantage of this breakthrough.

Yahoo has a lot of users. If it can come up with something attractive like Phoenix Tencent, it is not impossible for it to become the second Phoenix Tencent.

Both Jerry Yang and Filo knew that Lu Shaohua seemed to be holding back, so they did not speak, but just nodded heavily to show that they understood.

...(To be continued. If you like this work, you are welcome to vote for recommendation at *** (***.***). Your support is my greatest motivation.)