Sunday, January 19, 2014

Greed, for lack of a better word, is....

[Pos ini ©2013 oleh Willy Hak Cipta dilindungi Undang-Undang.]

Ketika sedang memikirkan tulisan terbaru akan analisis fundamental akhir minggu ini, saya teringat pada tokoh Gordon Gekko dari film Wall Street

Gordon Gekko
Sumber: Wikipedia

Mungkin rekan-rekan disini paling ingat Gekko dari adegan ini:

Walaupun sangat kontroversial, Gekko memberikan nasihat fundamental praktis pada RUPS perusahaan Teldar di video tersebut. Coba perhatikan baik-baik apa yang Gekko ucapkan.

Well, I appreciate the opportunity you're giving me Mr. Cromwell as the single largest shareholder in Teldar Paper, to speak. Well, ladies and gentlemen we're not here to indulge in fantasy but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company! All together, these men sitting up here own less than three percent of the company. And where does Mr. Cromwell put his million-dollar salary? Not in Teldar stock; he owns less than one percent.

Hmmm... menurut Gekko, Pak Cromwell adalah pemegang saham terbesar dari perusahaan Teldar Paper. Ok. Lalu mengapa Pak Cromwell hanya memegang kurang dari 1% saham Teldar Paper? Bahkan lebih gawat lagi, pihak manajemen hanya memegang kurang dari 3% saham Teldar Paper? Menurut Gekko, perusahaan-perusahaan Amerika di masa lalu seperti milik Carnegie dan Mellon bisa menjadi perusahaan hebat karena memang pihak manajemennya benar-benar menginvestasikan uang mereka di perusahaan tersebut.

You own the company. That's right, you, the stockholder.

Pemegang saham terbesar adalah publik. Jadi tentu saja publiklah yang merupakan pemilik perusahaan Teldar Paper. 

And you are all being royally screwed over by these, these bureaucrats, with their luncheons, their hunting and fishing trips, their corporate jets and golden parachutes. 

Say what?!? Uang perusahaan dihambur-hamburkan untuk gaya hidup mewah manajemennya?? Makan siang mewah, tamasya berburu dan memancing, jet perusahaan sampai parasut lapis emas??? Son of a...!!!

Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out. One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents.

Ini apa-apaan? Masa perusahaan sampai punya 33 wakil presiden dengan gaji 200 ribu dolar per tahun! Saya kalau disuruh membaca LK perusahaannya bakal bingung setengah mampus biar jungkir balik sampai 2 bulan juga. Yang lebih bikin gemas, ternyata Teldar merugi besar 110 juta dolar tahun lalu. Gila, perusahaan rugi besar begini kok masih bisa-bisanya menggaji manajemen sampai berjuta-juta dolar! Ini benar-benar tidak masuk akal.

The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated. In the last seven deals that I've been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you. I am not a destroyer of companies. I am a liberator of them!

Standing ovation. 

The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.

Gekko, you are a bastard. But you really are a magnificent bastard.

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