Supreme Sacred Ring, Carefree Tycoon!
In the 80s, a good-quality old Hainan Huanghuali round-backed armchair from the Qing Dynasty could be yours for just twenty yuan. Now, two million yuan o...
People in later generations know that there are four major accounting firms on this planet: PricewaterhouseCoopers, KPMG, Deloitte and EY.
Each of the Big Four accounting firms is a well-deserved giant in the industry, with annual turnover exceeding US$20 billion and employing as many as 100,000 people worldwide.
The Ernst & Whitney accounting firm that Yang Jing visited today will merge with Arthur Young Accounting Firm, which ranked sixth among the Big Eight accounting firms, ten years later in 1989, and eventually become the famous ERNST&YOUNG, or Ernst & Young.
But in 1979, Ernst & Whitney, with its headquarters still in Cleveland, was not as famous as Ernst & Young in the future. However, at that time, as one of the world's top eight accounting firms, Ernst & Whitney still had many branches in major cities around the world.
As a global tax haven that emerged in the 1970s, George Town, the capital of the Cayman Islands, has long attracted many accounting firms to set up branches here. After all, even in the 1970s, banks, insurance companies, trust companies and other financial institutions from Canada, the United Kingdom, the United States and Switzerland, including Citibank, settled in the Cayman Islands. Even some companies, banks, trusts and other institutions originally established in the Bahamas have moved to the Cayman Islands to join in the fun.
According to a survey, in the 1970s, the world's 25 largest banks all had subsidiaries or branches in the Cayman Islands. The total assets of the island's financial and trust industries have exceeded US$250 billion, accounting for 7% of the total Eurodollar transactions. An average of 4,300 companies are registered here each year. More than 700 banks around the world have branches in the Cayman Islands.
How can such an emerging financial center be without accounting firms?
Yang Jing came here today to find Ernst Whitney Accounting Company to do something for him.
Yang Jing's attire was out of tune with the environment here. This was the Georgetown branch of the famous Ernst & Whitney accounting firm. Everyone coming and going was dressed in suits and ties, except Yang Jing, whose appearance had changed drastically. He walked in wearing such an extremely casual outfit.
Fortunately, as a world-renowned accounting firm, the receptionist did not show the legendary clothing discrimination. Instead, after being stunned for a moment, she warmly welcomed Yang Jing with a smile.
Those who can work as front desk receptionists in such companies are not ordinary people. Their vision has been trained to be extremely sharp.
Although the man in his thirties was dressed in fancy clothes, the password box he was carrying was a very rare box. Someone who could come here with such a box must not be judged by appearance.
The most important thing is that this man has a charming smile and he is so handsome.
This is nonsense! Pierce Brosnan, who had just made his debut on TV three years later, was definitely a handsome guy. He played the fifth "James Bond" in 1995 and was recognized by movie fans as "the most handsome 007 agent in history."
At this time, although the 27-year-old Pierce Brosnan had not yet started his first TV series, Yang Jing, who adjusted her appearance based on his looks, was so charming that even an ordinary front desk receptionist could not resist.
"Hello sir, how can I help you?" The front desk receptionist showed excellent professionalism. Of course, Yang Jing could also clearly see the look of "I want to date you" in the eyes of the front desk receptionist.
"Hello, I'd like to find the person in charge here." Yang Jing replied with a smile, which made the receptionist's heart beat wildly.
"Excuse me, do you have an appointment with Mr. Aller?"
"Appointment?" Yang Jing was slightly stunned, then smiled and shook his head, "No, I haven't made an appointment with anyone, but I have a business worth two million US dollars in compensation alone, and I need someone who can be responsible to talk to me in person."
As soon as these words came out, the receptionist opposite was stunned for a moment, with a look of disbelief in her eyes.
This is not 2017 thirty-eight years later, this is 1979!
Even in 2017, two million dollars is a lot of money, but in 1979, it was a pretty huge number.
At that time, the per capita annual income in the United States, the most developed country in the world, was only US$10,000 to US$2 million, which was equivalent to what an American worker could earn by working for 200 years without eating or drinking.
Well, okay, it seems that the difference between the two million dollars and the salary of an ordinary worker is not obvious. How about comparing it with a sports star?
At this time in 1979, the players with the highest annual salaries in the NBA were super center "Skyhook" Kareem Abdul-Jabbar of the Los Angeles Lakers and "Dr. J" Julius Erving of the Philadelphia 76ers, and their annual salary was only $650,000 before tax!
Two million dollars is equivalent to three years’ salary for each of them!
It is conceivable how powerful these two million dollars are now.
And Yang Jing said it very clearly just now, this is not a business worth two million dollars, but a business with a reward of two million dollars alone!
A reward of two million dollars! Even in the whole United States, that is rare.
Although those accountants are all worth a lot of money and handle business worth tens of millions, hundreds of millions or even billions of dollars, it is extremely rare for the remuneration for a single business transaction to reach 2 million dollars.
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