{"id":7625,"date":"2008-09-27T09:42:45","date_gmt":"2008-09-27T14:42:45","guid":{"rendered":"http:\/\/blog.jackjia.com\/?p=7625"},"modified":"2008-10-02T19:30:24","modified_gmt":"2008-10-03T00:30:24","slug":"20080927%e9%9b%b7%e6%9b%bc%e5%85%84%e5%bc%9f%e5%85%b4%e8%a1%b0%e5%8f%b2%e4%b8%80%e4%b8%aa158%e5%b9%b4%e7%9a%84%e7%be%8e%e5%9b%bd%e7%a5%9e%e8%af%9d","status":"publish","type":"post","link":"https:\/\/blog.jackjia.com\/?p=7625","title":{"rendered":"20080927\/\u96f7\u66fc\u5144\u5f1f\u5174\u8870\u53f2:\u4e00\u4e2a158\u5e74\u7684\u7f8e\u56fd\u795e\u8bdd"},"content":{"rendered":"

\u5357\u65b9\u4eba\u7269\u5468\u520a\u8bb0\u8005 \u90b9\u9ad8 \u7efc\u5408\u62a5\u9053 <\/p>\n

\u534e\u5c14\u8857\u6700\u51f6\u72e0\u3001\u201c\u6700\u957f\u5bff\u201d\u7684\u6597\u725b\u72ac\u88ab\u6253\u8d25\u4e86 <\/p>\n

\u8fd9\u4e2a\u795e\u8bdd\u6700\u521d\u7684\u4e3b\u89d2\uff0c\u662f\u6765\u81ea\u5fb7\u56fd\u7684\u725b\u8d29\u4e4b\u5b50\u4e09\u5144\u5f1f\uff08Henry Lehman\u3001Emanuel Lehman\u3001Mayer Lehman\uff09\uff0c\u4ed6\u4eec\u4e8e158\u5e74\u524d\uff0c\u6765\u5230\u8fd9\u7247\u6d41\u7740\u871c\u548c\u5976\u7684\u5730\u65b9\uff0c\u521b\u7acb\u4e86\u4e00\u5bb6\u4ee5\u4ed6\u4eec\u7684\u59d3\u6c0f\u547d\u540d\u7684\u5546\u53f7\u3002 <\/p>\n

\u5386\u7ecf\u7f8e\u56fd\u5357\u5317\u6218\u4e89\u3001\u4e24\u6b21\u4e16\u754c\u5927\u6218\u30011929\u5e74\u7684\u7ecf\u6d4e\u5927\u8427\u6761\u30011970\u5e74\u4ee3\u80fd\u6e90\u5371\u673a\u3001\u201c9-11\u201d \u88ad\u51fb\u548c\u4e00\u6b21\u6536\u8d2d\u7b49\u91cd\u5927\u53d8\u6545\uff0c158\u5e74\u6765\uff0c\u201c\u96f7\u66fc\u5144\u5f1f\u201d\u6f14\u7ece\u4e86\u4e00\u4e2a\u4e0d\u5012\u7684\u795e\u8bdd\u3002 <\/p>\n

158\u5e74\u6765\uff0c\u201c\u96f7\u66fc\u5144\u5f1f\u201d\u7684\u4e1a\u52a1\u904d\u53ca\u8bc1\u5238\u3001\u6295\u8d44\u3001\u8d44\u4ea7\u7ba1\u7406\u3001\u79c1\u4eba\u6295\u8d44\u7ba1\u7406\u7b49\u5404\u5927\u9886\u57df\uff0c\u66fe\u5c61\u906d\u4e0d\u6d4b\u98ce\u96e8\uff0c\u5374\u663e\u73b0\u51fa\u987d\u5f3a\u7684\u751f\u547d\u529b\u4e0e\u6297\u98ce\u9669\u80fd\u529b\uff0c\u88ab\u7ecf\u6d4e\u5b66\u5bb6\u55bb\u4e3a\u201c\u670919\u6761\u547d\u7684\u732b\u201d\u3002\u4f462008\u5e74\u8fd9\u4e00\u6b21\uff0c\u8fd9\u53ea\u767e\u5e74\u8001\u732b\u5374\u52ab\u6570\u96be\u9003\uff0c\u7ec8\u4e8e\u6ca1\u80fd\u8eb2\u8fc7\u53bb\uff0c\u7ed9\u534e\u5c14\u8857\u7559\u4e0b\u4e00\u6bb5\u529f\u8fc7\u96be\u65ad\u7684\u4f20\u5947\u3002 <\/p>\n

lehman1.jpg <\/p>\n

\u72b9\u592a\u725b\u8d29\u7684\u513f\u5b50\u4eec <\/p>\n

\u65f6\u95f4\u56de\u5230\u4e00\u4e2a\u534a\u4e16\u7eaa\u4ee5\u524d\u30021844\u5e74\uff0c23\u5c81\u7684\u4ea8\u5229-\u96f7\u66fc\uff08Henry Lehman\uff09\uff0c\u6709\u7740\u72b9\u592a\u8840\u7edf\u7684\u725b\u8d29\u5b50\u7684\u513f\u5b50\uff0c\u4ece\u5fb7\u56fd\u5df4\u4f10\u5229\u4e9a\u5dde\u79fb\u6c11\u5230\u7f8e\u56fd\uff0c\u5b9a\u5c45\u5728\u963f\u62c9\u5df4\u9a6c\u5dde\u7684\u8499\u54e5\u9a6c\u5229\uff0c\u5728\u90a3\u91cc\u5f00\u4e86\u96f7\u66fc\u5bb6\u65cf\u7b2c\u4e00\u5bb6\u7f8e\u56fd\u4ea7\u4e1a\u2014\u2014\u540d\u4e3aH. Lehman\u7684\u5e72\u8d27\u5546\u5e97\u3002 <\/p>\n

\u51e0\u5e74\u540e\uff0c\u4ea8\u5229\u7684\u751f\u610f\u6e10\u4e0a\u6b63\u8f68\uff0c\u4ed6\u628a\u4e24\u4e2a\u5f1f\u5f1f\u827e\u66fc\u7ebd\u5c14\u548c\u6885\u8036\u4e5f\u4ece\u5fb7\u56fd\u53ec\u5230\u7f8e\u56fd\u3002\u5144\u5f1f\u4e09\u4eba\u5f88\u5feb\u5c31\u4e0d\u6ee1\u8db3\u4e8e\u5c0f\u672c\u8584\u5229\u7684\u9e21\u6bdb\u5c0f\u5e97\uff0c\u4ed6\u4eec\u770b\u4e2d\u4e86\u5f53\u65f6\u7f8e\u56fd\u6700\u6709\u5229\u53ef\u56fe\u7684\u5927\u5b97\u5546\u54c1\u2014\u2014\u68c9\u82b1\u3002\u572819\u4e16\u7eaa50\u5e74\u4ee3\uff0c\u963f\u62c9\u5df4\u9a6c\u662f\u4e2a\u4ea7\u68c9\u82b1\u7684\u5730\u65b9\uff0c\u5f88\u591a\u519c\u592b\u5728\u5149\u987e\u96f7\u66fc\u5144\u5f1f\u7684\u6742\u8d27\u5e97\u65f6\uff0c\u7531\u4e8e\u7f3a\u4e4f\u73b0\u91d1\uff0c\u90fd\u613f\u4ee5\u68c9\u82b1\u4ed8\u8d26\u3002\u4e09\u5144\u5f1f\u5f00\u59cb\u5b9a\u671f\u63a5\u53d7\u7531\u5ba2\u6237\u4ed8\u6b3e\u7684\u539f\u68c9\u8d38\u6613\uff0c\u5e76\u5316\u96f6\u4e3a\u6574\uff0c\u8f6c\u624b\u5012\u5356\uff0c\u6700\u7ec8\u5f00\u59cb\u68c9\u82b1\u7684\u4e8c\u6b21\u5546\u4e1a\u8d38\u6613\u3002\u96f7\u66fc\u5144\u5f1f\u4e5f\u5c31\u63a5\u53d7\u4e86\u201c\u4ee5\u68c9\u4ee3\u5e01\u201d\u7684\u4ed8\u8d26\u65b9\u5f0f\uff0c\u4e45\u800c\u4e45\u4e4b\uff0c\u5012\u5356\u68c9\u82b1\u6210\u4e86\u4ed6\u4eec\u7684\u4e3b\u8981\u8fdb\u9879\u3002 <\/p>\n

\u7f8e\u56fd\u5357\u5317\u6218\u4e89\u7206\u53d1\u4e4b\u524d\uff0c\u4ea8\u5229-\u96f7\u66fc\u60a3\u9ec4\u70ed\u75c5\u8fc7\u4e16\uff0c\u5e74\u4ec533\u5c81\u3002\u4ed6\u7684\u4e24\u4e2a\u5144\u5f1f\u987a\u7406\u6210\u7ae0\u5730\u7ee7\u627f\u4ed6\u7684\u5546\u53f7\uff0c\u7ee7\u7eed\u4ece\u4e8b\u4ed6\u4eec\u7684\u519c\u4ea7\u54c1\u671f\u8d27\u751f\u610f\u548c\u7ecf\u7eaa\u5546\u4e1a\u52a1\uff0c\u751f\u610f\u5174\u9686\uff0c\u8d22\u6e90\u6eda\u6eda\u3002\u6b64\u65f6\uff0c\u96f7\u66fc\u5bb6\u5df2\u7ecf\u8dfb\u8eab\u4e8e\u5357\u65b9\u5974\u96b6\u4e3b\u9636\u5c42\u3002 <\/p>\n

1858\u5e74\uff0c\u68c9\u82b1\u8d38\u6613\u4e2d\u5fc3\u4ece\u7f8e\u56fd\u5357\u65b9\u8f6c\u79fb\u5230\u4e86\u7ebd\u7ea6\u3002\u827e\u66fc\u7ebd\u5c14\u987a\u5e94\u6f6e\u6d41\uff0c\u628a\u4ed6\u4eec\u7684\u7b2c\u4e00\u5bb6\u5206\u5e97\u5f00\u5728\u4e86\u7ebd\u7ea6\u7684Liberty Street 119\u53f7\u3002\u51e0\u5e74\u95f4\u8fd9\u9879\u4e1a\u52a1\u7684\u589e\u957f\u6210\u4e3a\u4ed6\u4eec\u7ecf\u8425\u4e2d\u6700\u91cd\u8981\u7684\u4e00\u90e8\u5206\u3002\u96f7\u66fc\u5bb6\u7684\u5546\u53f7\u65e9\u57281850\u5e74\u5c31\u6b63\u5f0f\u6539\u4e3a\u201c\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u201d\uff0c\u7136\u800c\uff0c\u8fd8\u516b\u7aff\u5b50\u6253\u4e0d\u7740\u91d1\u878d\u6295\u8d44\u3002\u76f4\u523032\u5c81\u7684\u827e\u66fc\u7ebd\u5c14\u4eb2\u8d74\u7ebd\u7ea6\u5750\u9547\u7684\u8fd9\u4e00\u5e74\uff0c\u624d\u88ab\u516c\u8ba4\u4e3a\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u6b63\u5f0f\u8bde\u751f\u3002 <\/p>\n

1861\u5e74\uff0c\u5357\u5317\u6218\u4e89\u7206\u53d1\uff0c\u5357\u65b9\u4e0e\u5916\u754c\u7684\u68c9\u82b1\u4ea4\u6613\u88ab\u8feb\u4e2d\u65ad\uff0c\u8fd9\u4e25\u91cd\u5730\u5f71\u54cd\u4e86\u96f7\u66fc\u5144\u5f1f\u7684\u751f\u610f\u3002\u4f46\u662f\uff0c\u4ed6\u4eec\u6210\u529f\u5730\u5e2e\u52a9\u5357\u65b9\u7ed5\u5f00\u4e86\u5317\u65b9\u7684\u7ecf\u6d4e\u5c01\u9501\uff0c\u53d7\u5230\u4e86\u53db\u4e71\u653f\u5e9c\u2014\u2014\u5357\u90e8\u8054\u90a6\u653f\u5e9c\u7684\u5668\u91cd\u3002\u6885\u8036-\u96f7\u66fc\u548c\u91cc\u58eb\u6ee1\u5f53\u5c40\u53d1\u5c55\u8d77\u4eb2\u5bc6\u7684\u5173\u7cfb\uff0c\u6210\u4e3a\u5f53\u5c40\u9887\u4e3a\u4fe1\u4efb\u7684\u4ea4\u6613\u987e\u95ee\u3002\u6218\u4e89\u671f\u95f4\uff0c\u963f\u62c9\u5df4\u9a6c\u653f\u5e9c\u751a\u81f3\u66fe\u8bf7\u6885\u8036\u5317\u4e0a\uff0c\u4ee3\u8868\u5dde\u653f\u5e9c\u6e38\u8bf4\u683c\u5170\u7279\u5c06\u519b\u540c\u610f\u4ed6\u7ec4\u7ec7\u4e00\u4e2a\u5357\u65b9\u6218\u4fd8\u7684\u6551\u63f4\u4f7f\u56e2\uff0c\u672a\u679c\u3002 <\/p>\n

\u56e0\u4e3a\u9762\u4e34\u5185\u6218\u56f0\u96be\uff0c\u96f7\u66fc\u5144\u5f1f\u7684\u5546\u53f7\u57281862\u5e74\u548c\u4e00\u4e2a\u540d\u4e3a\u7ea6\u7ff0-\u675c\u5c14\u7684\u68c9\u5546\u5408\u5e76\uff0c\u7ec4\u5efa\u96f7\u66fc\u675c\u5c14\u516c\u53f8\uff08Lehman, Durr & Co.\uff09\u3002\u5185\u6218\u7ed3\u675f\u540e\uff0c\u8be5\u516c\u53f8\u4e3a\u963f\u62c9\u5df4\u9a6c\u5dde\u63d0\u4f9b\u8d22\u52a1\u652f\u6301\u4ee5\u534f\u52a9\u91cd\u5efa\u3002 <\/p>\n

\u6218\u540e\uff0c\u827e\u66fc\u7ebd\u5c14\u6062\u590d\u4e86\u5728\u7ebd\u7ea6\u57ce\u4e2d\u65ad3\u5e74\u7684\u5546\u53f7\u751f\u610f\uff0c\u6885\u8036\u4e5f\u642c\u5230\u7ebd\u7ea6\uff0cLehman Brothers\u7684\u603b\u90e8\u8f6c\u79fb\u5230\u4e86\u7ebd\u7ea6\u3002\u76f8\u6bd4\u800c\u8a00\uff0c\u4e24\u5144\u5f1f\u4e2d\u7684\u6885\u8036\u7231\u5192\u9669\uff0c\u5728\u6269\u5c55\u4e1a\u52a1\u4e0a\u5927\u80c6\u6fc0\u8fdb\uff0c\u800c\u827e\u66fc\u7ebd\u5c14\u751f\u6027\u8c28\u614e\u3001\u7a33\u5065\u3002\u534e\u5c14\u8857\u5f53\u65f6\u6709\u4e00\u6c11\u8c1a\u8bf4\uff1a\u201c\u6885\u8036\u8d5a\u94b1\uff0c\u827e\u66fc\u7ebd\u5c14\u5b58\u94b1\u3002\u201d <\/p>\n

\u5357\u65b9\u7684\u68c9\u82b1\u751f\u610f\u5728\u5f3a\u52b2\u590d\u82cf\uff0c\u96f7\u66fc\u5546\u53f7\u7684\u751f\u610f\u8fc5\u901f\u632f\u5174\uff0c\u5728\u63a5\u4e0b\u53bb\u768415\u5e74\u4e2d\uff0c\u96f7\u66fc\u5546\u53f7\u4e00\u76f4\u628a\u4e1a\u52a1\u91cd\u5fc3\u653e\u5728\u4ee5\u5546\u54c1\u4e3a\u57fa\u7840\u7684\u4ea4\u6613\u4e0a\u30021880\u5e74\uff0c\u4ea8\u5229\u7684\u957f\u5b50\u6885\u5c14-\u96f7\u66fc\u4f5c\u4e3a\u4e00\u540d\u521d\u6765\u4e4d\u5230\u7684\u5408\u4f19\u4eba\u52a0\u5165\u96f7\u66fc\u5546\u53f7\u3002\u51e0\u4e4e\u4e0e\u6b64\u540c\u65f6\uff0c\u6885\u8036\u7684\u957f\u5b50\u897f\u683c\u8499-\u96f7\u66fc\u4ece\u5eb7\u5948\u5c14\u5927\u5b66\u6bd5\u4e1a\uff0c\u4e5f\u52a0\u5165\u4e86\u8fd9\u5bb6\u5546\u53f7\u3002 <\/p>\n

\u96f7\u66fc\u5bb6\u65cf\u7684\u7b2c\u4e8c\u4ee3\u8fdb\u5165\u5bb6\u65cf\u4e8b\u4e1a\uff0c\u4e3a\u5546\u53f7\u5728\u672a\u6765\u7684\u6210\u529f\u6ce8\u5165\u4e86\u65b0\u7684\u8840\u6db2\u3002 <\/p>\n

lehman2.jpg <\/p>\n

\u4e8c\u4e16\u7956\u4eec\u7684\u5149\u8f89\u5c81\u6708 <\/p>\n

\u6218\u540e\u7684\u7f8e\u56fd\u6380\u8d77\u4e86\u4e00\u9635\u5174\u5efa\u94c1\u8def\u7684\u9ad8\u6f6e\uff0c\u94c1\u8def\u503a\u5238\u6210\u4e3a\u5f53\u65f6\u878d\u8d44\u7684\u91cd\u8981\u5de5\u5177\u3002\u96f7\u66fc\u5144\u5f1f\u548c\u5176\u4ed6\u5546\u4eba\u94f6\u884c\u4e00\u9053\uff0c\u4e5f\u53c2\u4e0e\u5230\u94c1\u8def\u7684\u98ce\u9669\u6295\u8d44\uff0c\u4ee3\u7406\u9500\u552e\u94c1\u8def\u503a\u5238\u3002\u94f6\u884c\u4e1a\u540c\u6837\u5f15\u8d77\u4e86\u96f7\u66fc\u5144\u5f1f\u7684\u6ce8\u610f\uff0c\u5728\u5546\u53f7\u7684\u5e2e\u52a9\u4e0b\uff0c\u8bb8\u591a\u94f6\u884c\u5728\u7ebd\u7ea6\u57ce\u91cc\u548c\u5468\u56f4\u5192\u51fa\u6765\u30021884\u5e74\uff0c\u827e\u66fc\u7ebd\u5c14\u8bbe\u7f6e\u4e86\u516c\u53f8\u7406\u4e8b\u4f1a\u3002\u516c\u53f8\u5728\u65b0\u5174\u5e02\u573a\u4ece\u4e8b\u94c1\u8def\u503a\u5238\u4e1a\u52a1\u5e76\u8fdb\u519b\u91d1\u878d\u54a8\u8be2\u4e1a\u52a1\u3002 <\/p>\n

\u4f46\u76f4\u523019\u4e16\u7eaa\u672b20\u4e16\u7eaa\u521d\uff0c\u96f7\u66fc\u5144\u5f1f\u4f9d\u7136\u662f\u4e00\u5bb6\u4ee5\u5546\u54c1\u4ea4\u6613\u4e3a\u4e3b\u7684\u5546\u53f7\u3002\u96f7\u66fc\u5144\u5f1f\u662f\u7ebd\u7ea6\u8bb8\u591a\u671f\u8d27\u4ea4\u6613\u6240\u7684\u521b\u59cb\u4f1a\u5458\uff0c\u5176\u4e2d\u5305\u62ec\u68c9\u82b1\u4ea4\u6613\u6240\u548c\u5496\u5561\u4ea4\u6613\u6240\u30021887\u5e74\uff0c\u96f7\u66fc\u5144\u5f1f\u53c8\u52a0\u5165\u4e86\u7ebd\u7ea6\u80a1\u7968\u4ea4\u6613\u6240\u3002\u540c\u65f6\uff0c\u4ed6\u4eec\u5f00\u542f\u4e86\u6b27\u6d32\u548c\u65e5\u672c\u7684\u6295\u8d44\u94f6\u884c\u4e1a\u52a1\u30021889\u5e74\uff0c\u9996\u6b21\u4f5c\u4e3a\u627f\u9500\u5546\u53d1\u884c\u4e86\u56fd\u9645\u84b8\u6c7d\u516c\u53f8\uff08Steam Pump Company\uff09\u7684\u80a1\u7968\u3002\u5f53\u8fd9\u5bb6\u5546\u53f7\u4e0d\u518d\u4ea4\u6613\u5546\u54c1\u6216\u8005\u4e3a\u5176\u63d0\u4f9b\u878d\u8d44\u7684\u65f6\u5019\uff0c\u5b83\u628a\u4e1a\u52a1\u91cd\u5fc3\u8f6c\u79fb\u5230\u4e86\u5357\u90e8\u7684\u68c9\u82b1\u79cd\u690d\u4e1a\u3001\u91c7\u77ff\u4e1a\u4ee5\u53ca\u623f\u5730\u4ea7\u6295\u8d44\u65b9\u9762\u7684\u5546\u4eba\u94f6\u884c\u4e1a\u52a1\u4e0a\u3002 <\/p>\n

\u968f\u7740\u96f7\u66fc\u5bb6\u65cf\u7b2c\u4e8c\u4ee3\u5728\u5546\u53f7\u4e8b\u52a1\u4e2d\u53d1\u6325\u8d8a\u6765\u8d8a\u91cd\u8981\u7684\u4f5c\u7528\uff0c\u5bb6\u65cf\u751f\u610f\u4e2d\u4e0e\u5546\u54c1\u6709\u5173\u7684\u4e1a\u52a1\u8d8a\u6765\u8d8a\u5c11\uff0c\u5e76\u4e14\u6700\u7ec8\u5173\u95ed\u4e86\u5357\u65b9\u7684\u5206\u53f7\u3002\u968f\u7740\u5de5\u4e1a\u9769\u547d\u7684\u53d1\u5c55\uff0c\u94c1\u8def\u6295\u8d44\u4ecd\u7136\u5728\u7ee7\u7eed\uff0c\u4f46\u662f\uff0c\u65b0\u5174\u5de5\u4e1a\u4e0d\u65ad\u6d8c\u73b0\uff0c\u5c24\u5176\u662f\u4ea4\u901a\u3001\u5236\u9020\u4e1a\u548c\u71c3\u6599\u884c\u4e1a\u3002\u8fd9\u4e9b\u65b0\u5174\u884c\u4e1a\u4e3a\u65b0\u7684\u8bc1\u5238\u627f\u9500\u5546\u4ee5\u53ca\u8d44\u4ea7\u91cd\u7ec4\u63d0\u4f9b\u4e86\u673a\u4f1a\u3002\u65b0\u884c\u4e1a\u7684\u53d1\u5c55\u901f\u5ea6\u8fdc\u8fdc\u9ad8\u4e8e\u4f20\u7edf\u4ea7\u4e1a\uff0c\u5e74\u8f7b\u4e00\u4ee3\u7acb\u523b\u8ba4\u8bc6\u5230\u4e86\u6f5c\u5728\u7684\u673a\u4f1a\u3002 <\/p>\n

\u6b63\u5de7\uff0c\u65b0\u4e00\u4ee3\u7684\u96f7\u66fc\u5144\u5f1f\u4e5f\u6709\u4e09\u4f4d\uff1a\u4ea8\u5229\u7684\u513f\u5b50\u6885\u5c14\u3001\u827e\u66fc\u7ebd\u5c14\u7684\u513f\u5b50\u83f2\u5229\u6d66\u548c\u6885\u8036\u7684\u513f\u5b50\u897f\u683c\u8499\u3002\u5176\u4e2d\uff0c\u827e\u66fc\u7ebd\u5c14\u7684\u513f\u5b50\u83f2\u5229\u6d66\u88ab\u827e\u66fc\u7ebd\u5c14\u6307\u5b9a\u4e3a\u65b0\u4e00\u4ee3\u7684\u9886\u5bfc\u6838\u5fc3\u3002 <\/p>\n

\u5e74\u8f7b\u7684\u96f7\u66fc\u5bb6\u65cf\u6210\u5458\u4e5f\u5229\u7528\u5bb6\u65cf\u65e5\u76ca\u589e\u957f\u7684\u8d22\u5bcc\u548c\u5730\u4f4d\u4e0e\u7ebd\u7ea6\u5176\u4ed6\u5bcc\u6709\u7684\u72b9\u592a\u5bb6\u65cf\u8054\u59fb\uff0c\u6709\u7684\u65f6\u5019\uff0c\u4ed6\u4eec\u751a\u81f3\u8868\u5144\u59b9\u8054\u59fb\uff0c\u4ece\u800c\u4ee5\u786e\u4fdd\u516c\u53f8\u59cb\u7ec8\u5904\u4e8e\u5bb6\u65cf\u7684\u7262\u9676\u74f6\u5202\u5c0f\uff33\u7ed5\u6dab\u5207\u4e71\u6dee?\u7267\u6593\u5df1\u8bf5\u59c6\u8bc4??#8226;\u96f7\u66fc\uff0c\u4ed6\u548c\u9ad8\u76db\u521b\u59cb\u4eba\u4e4b\u5b50\u4ea8\u5229-\u53e4\u5c14\u5fb7\u66fc\u5173\u7cfb\u751a\u5bc6\uff0c\u4e24\u5927\u5bb6\u65cf\u5728\u8bb8\u591a\u6295\u8d44\u94f6\u884c\u4ea4\u6613\u4e2d\u90fd\u6709\u5408\u4f5c\uff0c\u5e76\u7ea6\u5b9a\u5f7c\u6b64\u4e4b\u95f4\u4e0d\u8fdb\u884c\u8fc7\u6fc0\u7684\u5546\u4e1a\u7ade\u4e89\uff0c\u8fd9\u5bf9\u96f7\u66fc\u5144\u5f1f\u5728\u6295\u8d44\u94f6\u884c\u4e1a\u7684\u6700\u521d\u6210\u529f\u548c\u540e\u6765\u53d1\u5c55\u8d77\u7740\u81f3\u5173\u91cd\u8981\u7684\u4f5c\u7528\u3002 <\/p>\n

\u76f4\u52301906\u5e74\u827e\u66fc\u7ebd\u5c14\u53bb\u4e16\uff0c\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u624d\u4ece\u4e00\u4e2a\u8d38\u6613\u5546\u771f\u6b63\u8f6c\u53d8\u6210\u4e3a\u4e00\u5bb6\u8bc1\u5238\u53d1\u884c\u516c\u53f8\u3002\u90a3\u4e00\u5e74\uff0c\u5728\u83f2\u5229\u6d66-\u96f7\u66fc\u7684\u638c\u7ba1\u4e0b\uff0c\u96f7\u66fc\u516c\u53f8\u4e0e\u9ad8\u76db\u516c\u53f8\u5408\u4f5c\uff0c\u63a5\u8fde\u628a\u897f\u5c14\u65af-\u7f57\u5df4\u514b\u516c\u53f8\u3001\u901a\u7528\u96ea\u8304\u516c\u53f8\u9001\u4e0a\u5e02\u3002 <\/p>\n

\u8fd9\u6bb5\u65f6\u95f4\uff0c\u7f8e\u56fd\u7684\u7ecf\u6d4e\u84ec\u52c3\u53d1\u5c55\uff0c\u5927\u91cf\u7684\u516c\u53f8\u4e0a\u5e02\u878d\u8d44\u3002\u5728\u6b64\u671f\u95f4\uff0c\u96f7\u66fc\u5144\u5f1f\u4f19\u540c\u9ad8\u76db\uff0c\u6210\u4e3a\u8fd1\u767e\u5bb6\u4f01\u4e1aIPO\u7684\u53d1\u884c\u5546\u3002\u96f7\u66fc\u5df2\u7ecf\u6210\u4e3a\u4e00\u5bb6\u5f7b\u5934\u5f7b\u5c3e\u7684\u6295\u8d44\u94f6\u884c\u3002\u5728\u968f\u540e\u768420\u5e74\u95f4\uff0c\u5dee\u4e0d\u591a\u6709\u4e0a\u767e\u5bb6\u65b0\u516c\u53f8\u90fd\u7531\u96f7\u66fc\u5144\u5f1f\u534f\u52a9\u516c\u5f00\u4e0a\u5e02\uff0c\u5176\u4e2d\u591a\u6b21\u90fd\u548c\u9ad8\u76db\u516c\u53f8\u5408\u4f5c\u3002 \u5176\u4e2d\u6709FW Woolworth Company\u3001May Department Stores Company\u3001Gimbel Brothers, Inc.\u3001RH Macy & Company\u3001The Studebaker Corporation\u3001the BF Goodrich Co. \u4ee5\u53caEndicott Johnson Corporation\u3002\u5176\u4e2d\u4e00\u4e9b\u516c\u53f8\u90fd\u662f\u65b0\u884c\u4e1a\u7684\u65b0\u4f01\u4e1a\uff0c\u50cfJP\u6469\u6839\u8fd9\u6837\u7684\u4f20\u7edf\u6295\u884c\u6839\u672c\u4e0d\u613f\u63a5\u7eb3\u4ed6\u4eec\u4e3a\u5ba2\u6237\u3002\u76f8\u6bd4\u6469\u6839\u5bb6\u65cf\u7684\u76ee\u5149\u77ed\u6d45\uff0c\u96f7\u66fc\u5144\u5f1f\u5bf9\u5c1a\u5904\u4e8e\u840c\u82bd\u9636\u6bb5\u7684\u7f8e\u56fd\u5546\u4e1a\u8d8b\u52bf\u7684\u8fdc\u89c1\u548c\u4f5c\u4e3a\uff0c\u8d62\u5f97\u4e86\u4eba\u4eec\u7684\u8d5e\u8bb8\u3002 <\/p>\n

\u5728\u8fd9\u4e9b\u5c81\u6708\u91cc\uff0c\u96f7\u66fc\u5bb6\u65cf\u4e00\u76f4\u5bf9\u516c\u53f8\u62e5\u6709\u7edd\u5bf9\u63a7\u5236\u6743\uff0c10\u4f4d\u5bb6\u65cf\u6210\u5458\u6784\u6210\u4e86\u5546\u53f7\u7684\u5168\u90e8\u5408\u4f19\u4eba \u3002\u4f46\u52301924\u5e74\uff0c\u516c\u53f8\u5f15\u5165\u4e86\u7b2c\u4e00\u4e2a\u975e\u5bb6\u5ead\u6210\u5458\u7684\u201c\u5408\u4f19\u4eba\u201d\u2014John M. Hancock\uff0c\u968f\u540e1927\u5e74\u53c8\u5f15\u5165\u4e86\u4e24\u4f4d\u975e\u5bb6\u65cf\u5408\u4f19\u4ebaMonroe C. Gutman\u548cPaul Mazur\u3002 <\/p>\n

\u4e8c\u4e16\u7956\u4e2d\u7684\u4f7c\u4f7c\u8005\u83f2\u5229\u6d66-\u96f7\u66fc\u4e8e1925\u5e74\u9000\u4f11\uff0c\u7531\u4ed6\u513f\u5b50\u7f57\u4f2f\u7279-\u96f7\u66fc\u63a5\u624b\u62c5\u4efb\u516c\u53f8\u7684\u638c\u95e8\u4eba\u3002 <\/p>\n

\u52ab\u540e\u4f59\u751f <\/p>\n

\u76f8\u6bd4\u4ed6\u7684\u7236\u4eb2\u83f2\u5229\u6d66-\u96f7\u66fc\uff0c\u7f57\u4f2f\u7279-\u96f7\u66fc\u751f\u6027\u4fdd\u5b88\uff0c\u8c28\u614e\u5730\u5ef6\u7eed\u7740\u5bb6\u65cf\u751f\u610f\uff0c\u628a\u516c\u53f8\u4e1a\u52a1\u805a\u7126\u5728\u98ce\u6295\u4e1a\u52a1\u3002\u96f7\u66fc\u5bb6\u65cf\u5bdf\u89c9\u5230\u7f8e\u56fd\u7ecf\u6d4e\u6b63\u5728\u7ecf\u5386\u7684\u5de8\u5927\u53d8\u5316\uff0c\u628a\u516c\u53f8\u4e1a\u52a1\u62d3\u5c55\u5230\u6d88\u8d39\u9886\u57df\uff0c\u8bf8\u5982\u96f6\u552e\u4e1a\u3001\u822a\u7a7a\u516c\u53f8\u7b49\uff0c\u540c\u65f6\u5168\u529b\u652f\u6301\u5a31\u4e50\u4e1a\u3002 <\/p>\n

1920\u5e74\u4ee3\u7684\u7f8e\u56fd\u7ecf\u6d4e\u6b63\u5904\u4e8e\u84b8\u84b8\u65e5\u4e0a\u7684\u9ad8\u901f\u53d1\u5c55\u9636\u6bb5\uff0c\u4ea8\u5229-\u798f\u7279\u5f00\u521b\u4e86\u6c7d\u8f66\u65f6\u4ee3\uff0c\u8d22\u653f\u90e8\u957f\u6885\u9686\u63a8\u884c\u7684\u9000\u7a0e\u653f\u7b56\u4f7f\u5f97\u5c45\u6c11\u6536\u5165\u5927\u5927\u589e\u52a0\uff0c\u4e00\u6218\u7684\u7ed3\u675f\u5bfc\u81f4\u793e\u4f1a\u51fa\u73b0\u4e86\u5e7f\u6cdb\u7684\u653e\u7eb5\u73b0\u8c61\uff0c\u5e76\u8d2d\u6d6a\u6f6e\u98ce\u8d77\u4e91\u6d8c\u3002\u534e\u5c14\u8857\u518d\u6b21\u4f34\u968f\u7f8e\u56fd\u7ecf\u6d4e\u7684\u7e41\u8363\u8d77\u98de\u4e86\uff0c\u800c\u4e14\uff0c\u6b65\u4f10\u660e\u663e\u5feb\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u672c\u8eab\u2014\u2014GDP\u589e\u957f\u4e0d\u523050%\uff0c\u9053\u743c\u6307\u6570\u4e0a\u6da8\u4e863\u500d\uff0c\u4e0d\u65ad\u98d9\u5347\u7684\u80a1\u5e02\u8ba9\u4eba\u4eec\u5fd8\u8bb0\u4e86\u4ec0\u4e48\u53eb\u98ce\u9669\uff0c\u8f70\u8f70\u70c8\u70c8\u7684\u725b\u5e02\u6b63\u5728\u8d70\u4e0a\u4e00\u6761\u901a\u5f80\u6b7b\u4ea1\u7684\u9053\u8def\u3002 <\/p>\n

1929\u5e7410\u6708\u4e2d\u65ec\uff0c\u7f8e\u56fd\u80a1\u4ef7\u6da8\u5230\u4e86\u4e00\u4e2a\u9ad8\u4f4d\u5e73\u53f0\uff0c\u770b\u4e0a\u53bb\u50cf\u662f\u8981\u6c38\u8fdc\u4e0a\u6da8\u7684\u67b6\u52bf\uff0c\u800c\u90a3\u6b63\u662f\u6570\u4ee5\u767e\u4e07\u8ba1\u7684\u7f8e\u56fd\u80a1\u6c11\u6240\u68a6\u5bd0\u4ee5\u6c42\u7684\u3002\u6709\u5f88\u591a\u4eba\u4e0d\u60dc\u4e3e\u503a\u7092\u80a1\uff0c\u4eba\u4eec\u90fd\u89c9\u5f97\u53ea\u8981\u628a\u80a1\u7968\u5728\u6700\u83b7\u5229\u7684\u9ad8\u4f4d\u5356\u51fa\uff0c\u5c31\u53ef\u4ee5\u8fd8\u503a\u4e86\u3002\u4f46\u5230\u4e8610\u670823\u65e5\uff0c\u9053\u743c\u65af\u5de5\u4e1a\u80a1\u7968\u5927\u5e45\u4e0b\u8dcc\uff0c\u7b2c\u4e8c\u5929\u66f4\u662f\u5168\u7ebf\u72c2\u8dcc\uff0c\u53f2\u79f0\u201c\u9ed1\u8272\u661f\u671f\u56db\u201d\u3002\u81f311\u6708\u521d\uff0c\u7f8e\u56fd\u80a1\u5e02\u5e02\u503c\u5df2\u7ecf\u4e0b\u8dcc\u4e8650% \u3002 <\/p>\n

\u53f2\u65e0\u524d\u4f8b\u7684\u7f8e\u56fd\u5927\u8427\u6761\u5f00\u59cb\u4e86\uff0c\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u4e5f\u906d\u5230\u4e86\u91cd\u521b\u3002\u5e78\u8fd0\u7684\u662f\uff0c\u7531\u4e8e\u4fa7\u91cd\u98ce\u9669\u8d44\u672c\uff0c\u5f53\u80a1\u7968\u5e02\u573a\u590d\u82cf\u65f6, \u5df2\u7ecf\u7f29\u51cf\u5f00\u652f\u3001\u8c03\u6574\u4e1a\u52a1\u7684\u96f7\u66fc\u5144\u5f1f\u7ec8\u4e8e\u633a\u8fc7\u4e86\u5927\u8427\u6761\u65f6\u671f\u7684\u8d44\u672c\u5371\u673a\uff0c\u5e76\u6210\u4e3a\u91d1\u878d\u878d\u8d44\u521b\u65b0\u6280\u672f\u7684\u5148\u9a71\u4e4b\u4e00\u3002 <\/p>\n

\u4e0a\u4e16\u7eaa\u4e09\u56db\u5341\u5e74\u4ee3\uff0c\u7f8e\u56fd\u7684\u7535\u89c6\u4e1a\u3001\u5e7f\u64ad\u4e1a\u548c\u77f3\u6cb9\u4e1a\u9ad8\u901f\u53d1\u5c55\u3002\u96f7\u66fc\u5144\u5f1f\u7b7e\u7f72\u4e86\u7b2c\u4e00\u5bb6\u7535\u89c6\u5236\u9020\u5546\u675c\u8499\u7684\u9996\u6b21\u516c\u5f00\u62db\u80a1\uff0c\u5e76\u4e3a\u7f8e\u56fd\u5e7f\u64ad\u516c\u53f8\uff08RCA\uff09\u63d0\u4f9b\u8d44\u91d1\u534f\u52a9\u3002 \u5b83\u4e5f\u4e3a\u5feb\u901f\u589e\u957f\u7684\u77f3\u6cb9\u5de5\u4e1a\u63d0\u4f9b\u91d1\u878d\u534f\u52a9\uff0c\u5176\u4e2d\u5305\u62ec\u4e86\u54c8\u5229\u4f2f\u987f\u516c\u53f8\uff08Halliburton\uff09\u548c\u79d1\u9ea6\u5947\u516c\u53f8 <\/p>\n

\u4e8c\u6218\u7ed3\u675f\u540e\uff0c\u7f8e\u56fd\u7684\u6d88\u8d39\u670d\u52a1\u4e1a\u548c\u6c7d\u8f66\u5236\u9020\u4e1a\u84ec\u52c3\u53d1\u5c55\uff0c\u96f7\u66fc\u5144\u5f1f\u5728\u8fd9\u4e00\u8f6e\u7684\u53d1\u5c55\u4e2d\uff0c\u5f00\u59cb\u6210\u4e3a\u534e\u5c14\u8857\u4e3e\u8db3\u8f7b\u91cd\u7684\u6295\u8d44\u94f6\u884c\u3002 <\/p>\n

1950\u5e74\u4ee3\uff0c\u7f8e\u56fd\u7684\u8ba1\u7b97\u673a\u884c\u4e1a\u521d\u9732\u840c\u82bd\uff0c\u96f7\u66fc\u5373\u7b7e\u7f72\u4e86\u6570\u5b57\u8bbe\u5907\u516c\u53f8\u7684\u9996\u6b21\u516c\u5f00\u4e0a\u5e02\uff08IPO\uff09\u3002\u7a0d\u540e\uff0c\u5b83\u53c8\u534f\u52a9\u5eb7\u67cf\u516c\u53f8\u4e0a\u5e02\u3002\u968f\u540e\uff0c\u4e00\u5927\u6279\u5feb\u901f\u6210\u957f\u7684\u516c\u53f8\uff0c\u5982\u798f\u7279\u6c7d\u8f66\u3001\u7f8e\u56fd\u822a\u7a7a\u516c\u53f8\u3001\u7f8e\u56fd\u5927\u9646\u822a\u7a7a\u516c\u53f8\u3001\u901a\u7528\u98df\u54c1\u3001\u83f2\u5229\u6d66-\u83ab\u91cc\u65af\u516c\u53f8\u90fd\u5148\u540e\u6210\u4e3a\u96f7\u66fc\u7684\u5ba2\u6237\u3002 <\/p>\n

\u4e0a\u4e16\u7eaa\u516d\u4e03\u5341\u5e74\u4ee3\uff0c\u968f\u7740\u96f7\u66fc\u5144\u5f1f\u7684\u8bb8\u591a\u5ba2\u6237\u6210\u4e3a\u8de8\u56fd\u516c\u53f8\uff0c\u96f7\u66fc\u4e5f\u5f00\u59cb\u5168\u7403\u5e03\u5c40\u30021960\u5e74\uff0c\u96f7\u66fc\u5728\u5df4\u9ece\u5f00\u8bbe\u5206\u516c\u53f8\uff0c1969\u5e74\u8fdb\u5165\u4e1c\u4eac\u3002\u81ea\u6b64\uff0c\u96f7\u66fc\u5144\u5f1f\u7531\u4e00\u5bb6\u7f8e\u56fd\u672c\u571f\u7684\u6295\u8d44\u94f6\u884c\u5411\u56fd\u9645\u6027\u6295\u884c\u8f6c\u5411\u3002 <\/p>\n

\u5728\u7b2c\u4e09\u4ee3\u96f7\u66fc\u5bb6\u65cf\u91cc\uff0c\u9886\u5934\u4eba\u7f57\u4f2f\u7279-\u96f7\u66fc\u6210\u529f\u5730\u5f15\u5bfc\u516c\u53f8\u8eb2\u8fc7\u4e86\u7f8e\u56fd\u5927\u8427\u6761\uff0c\u5e76\u5c06\u516c\u53f8\u63a8\u5411\u56fd\u9645\u5316\u9053\u8def\u3002\u4f46\u662f\uff0c\u8fd9\u4f4d\u4e09\u4e16\u7956\u8ba9\u4eba\u8bb0\u4f4f\u7684\u4e0d\u662f\u4ed6\u8eab\u4e3a\u6295\u8d44\u94f6\u884c\u5bb6\u7684\u6210\u5c31\uff0c\u800c\u662f\u4ed6\u9177\u7231\u827a\u672f\u54c1\u6536\u85cf\u548c\u8d5b\u9a6c\u3002\u73b0\u5728\u7ebd\u7ea6\u5927\u90fd\u4f1a\u827a\u672f\u535a\u7269\u9986\u4e2d\u6709\u4e00\u89d2\u4fdd\u5b58\u7740\u4ed6\u6350\u732e\u76843000\u591a\u4ef6\u827a\u672f\u54c1\uff0c\u7f57\u4f2f\u7279-\u96f7\u66fc\u827a\u672f\u8bb2\u5ea7\u57fa\u91d1\u4f9d\u7136\u5728\u8fd0\u4f5c\u3002 <\/p>\n

\u7f57\u4f2f\u7279\u6b7b\u4e8e1969\u5e74\uff0c\u6b64\u65f6\uff0c\u96f7\u66fc\u5bb6\u65cf\u7adf\u65e0\u4e00\u4eba\u63a5\u73ed\u3002120\u5e74\uff0c\u96f7\u66fc\u5bb6\u65cf\u5bf9\u96f7\u66fc\u5144\u5f1f\u7684\u7edf\u6cbb\u5c31\u6b64\u7ec8\u7ed3\u3002 <\/p>\n

\u6ca1\u843d\u7684\u738b\u56fd <\/p>\n

\u7f57\u4f2f\u7279-\u96f7\u66fc\u7684\u6b7b\uff0c\u7ed9\u516c\u53f8\u7559\u4e0b\u4e86\u9886\u5bfc\u771f\u7a7a\u3002 <\/p>\n

\u6b64\u65f6\uff0c\u7f8e\u56fd\u6b63\u5728\u7ecf\u5386\u4e00\u4e2a\u5145\u6ee1\u4e86\u4e0d\u786e\u5b9a\u6027\u7684\u65f6\u4ee3\uff0c\u901a\u8d27\u81a8\u80c0\u3001\u8d8a\u5357\u6218\u4e89\u3001\u77f3\u6cb9\u5371\u673a\u4ee5\u53ca\u4f34\u968f\u800c\u6765\u7684\u80a1\u5e02\u4f4e\u8ff7\u30021969\u5e74\u4e5f\u6b63\u662f\u7f8e\u56fd60\u5e74\u4ee3\u80a1\u5e02\u725b\u5e02\u7ed3\u675f\u7684\u4e00\u5e74\uff0c\u4e5f\u662f\u5df4\u83f2\u7279\u6e05\u5149\u80a1\u7968\u9000\u51fa\u5408\u4f19\u4eba\u516c\u53f8\uff0c\u5f00\u59cb\u5168\u529b\u4ecb\u5165BERKSHIRE HATHAWAY(BH)\u516c\u53f8\u7684\u4e00\u5e74\u3002 <\/p>\n

\u7fa4\u9f99\u65e0\u9996\uff0c\u52a0\u4e0a\u7ecf\u6d4e\u4e0d\u666f\uff0c\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u5728\u5185\u5fe7\u5916\u56f0\u4e2d\u5f00\u59cb\u8d70\u4e0b\u5761\u8def\u3002\u540c\u5e74\uff0c\u56e0\u6295\u6ce8\u5229\u7387\u5931\u8bef\uff0c\u635f\u5931\u4e86670\u4e07\u7f8e\u5143\uff0c\u4f7f\u516c\u53f8\u9677\u5165\u4e25\u91cd\u56f0\u5883\uff0c\u51e0\u4e4e\u8981\u5ba3\u5e03\u5173\u95e8\u505c\u4e1a\u3002\u540e\u6765\uff0c\u516c\u53f8\u5b9e\u65bd\u4e86\u4e00\u9879\u91cd\u5927\u7684\u201c\u52d2\u7d27\u88e4\u8170\u5e26\u8ba1\u5212\u201d\uff0c\u5343\u65b9\u767e\u8ba1\u5f25\u8865\u635f\u5931\uff0c \u624d\u5f97\u4ee5\u6e21\u8fc7\u96be\u5173\u3002 <\/p>\n

\u76f4\u52301973\u5e74\uff0c\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u624d\u6316\u6765\u4e86\u8d1d\u5c14\u8c6a\u5a01\u5c14\u516c\u53f8\u4e3b\u5e2d\u548c\u9996\u5e2d\u6267\u884c\u5b98\u76ae\u7279-\u5f7c\u5f97\u68ee\u3002\u5f7c\u5f97\u68ee\u63a5\u7ba1\u516c\u53f8\u540e\uff0c\u5b8c\u6210\u4e86\u4e00\u4e9b\u5e76\u8d2d\u884c\u52a8\uff0c\u4f7f\u5f97\u516c\u53f8\u6446\u8131\u4e86\u4e8f\u635f\uff0c\u5e76\u8fde\u7eed5\u5e74\u4fdd\u6301\u76c8\u5229 \u30021977\u5e74\uff0c\u96f7\u66fc\u5408\u5e76\u5e93\u6069-\u6d1b\u5e03\u516c\u53f8\u3002\u8fd9\u66fe\u662f\u534e\u5c14\u8857\u6700\u6709\u540d\u7684\u72b9\u592a\u6295\u884c\uff0c20\u4e16\u7eaa\u521d\u6392\u540d\u4ec5\u6b21\u4e8e\u5f53\u65f6\u5982\u65e5\u4e2d\u5929\u7684J-P-\u6469\u6839\u516c\u53f8\u3002\u4e8c\u6218\u540e\uff0c\u5e93\u6069-\u6d1b\u5e03\u516c\u53f8\u65e5\u6e10\u6ca1\u843d\uff0c\u906d\u9047\u8d44\u672c\u5371\u673a\u540e\uff0c\u9042\u88ab\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u6536\u5165\u56ca\u4e0b\u3002\u5408\u5e76\u540e\uff0c\u516c\u53f8\u66f4\u540d\u4e3aLehman Brothers, Kuhn, Loeb Inc.\uff0c\u4f4d\u5217\u7f8e\u56fd\u6295\u884c\u4e1a\u7b2c\u56db\uff08\u524d\u4e09\u4f4d\u662f\u6240\u7f57\u95e8\u5144\u5f1f, \u9ad8\u76db\uff0c\u7b2c\u4e00\u6ce2\u58eb\u987f\u4fe1\u8d37\uff09\u3002\u56e0\u4e3a\u5e93\u6069-\u6d1b\u5e03\u516c\u53f8\u5728\u56fd\u5916\u540d\u6c14\u6bd4\u96f7\u66fc\u5144\u5f1f\u5927\u5f88\u591a\uff0c\u5728\u56fd\u9645\u4e0a\uff0c\u516c\u53f8\u4e00\u5ea6\u66fe\u4ee5Kuhn Loeb Lehman Brothers Inc\u51fa\u73b0\u3002 <\/p>\n

\u597d\u65e5\u5b50\u6ca1\u8fc7\u591a\u4e45\uff0c\u516c\u53f8\u5185\u90e8\u5185\u4e71\u4e86\uff0c\u6295\u884c\u548c\u4ea4\u6613\u5458\u4e4b\u95f4\u51b2\u7a81\u6108\u6f14\u6108\u70c8\uff0c1983\u5e74\u4e24\u6d3e\u4e4b\u4e89\u5df2\u8d8b\u767d\u70ed\u5316\u3002\u5f53\u5e745\u6708\uff0c\u538b\u4e0d\u4f4f\u9635\u811a\u7684\u5f7c\u5f97\u68ee\uff0c\u4e0d\u5f97\u4e0d\u63d0\u62d4\u4e00\u4f4d\u524d\u7ecf\u7eaa\u4eba\u8def\u6613\u65af\u4e3a\u526fCEO\u3002\u8def\u6613\u65af\u4e0a\u4efb\u540e\u91c7\u53d6\u7684\u4e00\u4e9b\u63aa\u65bd\u52a0\u6df1\u4e86\u6295\u8d44\u94f6\u884c\u5bb6\u4e0e\u7ecf\u7eaa\u4eba\u4e4b\u95f4\u7684\u77db\u76fe\uff0c\u518d\u52a0\u4e0a\u7ecf\u6d4e\u4e0d\u666f\u6c14\uff0c\u5bfc\u81f4\u4e86\u201c\u96f7\u66fc\u5144\u5f1f\u201d\u5185\u90e8\u7684\u6743\u529b\u6597\u4e89\u52a0\u5267\u3002\u5f7c\u5f97\u68ee\u88ab\u8feb\u53bb\u804c\uff0c\u8def\u6613\u65af\u51fa\u4efb\u516c\u53f8CEO\uff0c\u72ec\u63fd\u5927\u6743\u3002\u7136\u800c\uff0c\u6124\u6012\u7684\u6295\u8d44\u94f6\u884c\u5bb6\u4eec\u7eb7\u7eb7\u8131\u79bb\u4e86\u201c\u96f7\u66fc\u5144\u5f1f\u201d\uff0c\u516c\u53f8\u8fd0\u8f6c\u5931\u7075\uff0c\u635f\u5931\u60e8\u91cd\u3002 <\/p>\n

\u4e0a\u4e16\u7eaa80\u5e74\u4ee3\uff0c\u7f8e\u56fd\u8fd0\u901a\u5f53\u65f6\u7684CEO James D. Robinson III\u68a6\u60f3\u6253\u9020\u91d1\u878d\u670d\u52a1\u4e1a\u7684\u201c\u8d85\u7ea7\u516c\u53f8\u201d\uff0c\u5728\u4ed6\u6388\u610f\u4e0b\uff0c\u8fd0\u901a\u4e70\u4e86\u4e00\u5806\u6295\u884c\u3001\u8bc1\u5238\u516c\u53f8\u548c\u8d22\u52a1\u987e\u95ee\u516c\u53f8\uff0c\u800c\u4e14\u628a\u76ee\u5149\u6295\u6ce8\u5230\u5f53\u65f6\u5df2\u5904\u5883\u8270\u96be\u7684\u96f7\u66fc\u5144\u5f1f\u30021984\u5e74\uff0c\u5c41\u80a1\u8fd8\u6ca1\u628a\u8001\u5927\u4f4d\u5b50\u6342\u6696\u7684\u8def\u6613\u65af\u4e0d\u5f97\u4e0d\u628a\u516c\u53f8\u4ee53.6\u4ebf\u7f8e\u5143\u5356\u7ed9\u7f8e\u56fd\u8fd0\u901a\u65d7\u4e0b\u7684\u91d1\u878d\u670d\u52a1\u516c\u53f8Shearson\u3002 <\/p>\n

\u5bf9\u7ecf\u5386\u8fc7\u591a\u6b21\u751f\u6b7b\u5927\u5173\u7684\u96f7\u66fc\u5144\u5f1f\u6765\u8bf4\uff0c\u8fd9\u7b97\u662f\u6700\u4e25\u91cd\u7684\u4e00\u6b21\u3002\u4e0d\u5e78\u4e2d\u7684\u4e07\u5e78\u662f\uff0c\u867d\u7136\u88ab\u7f8e\u56fd\u8fd0\u901a\u7ed9\u6536\u8d2d\uff0c\u96f7\u66fc\u5144\u5f1f\u7684\u8fd9\u5757\u767e\u5e74\u62db\u724c\u8fd8\u662f\u4fdd\u4f4f\u4e86\u3002 <\/p>\n

\u201c\u534e\u5c14\u8857\u6700\u51f6\u72e0\u6597\u725b\u72ac\u201d\u7684\u529f\u4e0e\u8fc7 <\/p>\n

\u4e16\u7eaa\u4e4b\u4ea4\u768414\u5e74\u95f4\uff0c\u4e00\u4e2a\u540d\u53eb\u8fea\u514b-\u5bcc\u5c14\u5fb7\u7684\u4ea4\u6613\u5458\uff0c\u5ffd\u7136\u6539\u53d8\u4e86\u96f7\u66fc\u5144\u5f1f\u5df2\u6b65\u5165\u9ec4\u660f\u7684\u547d\u8fd0\u3002\u4ece\u4f4e\u8c37\u5230\u5dc5\u5cf0\uff0c\u4ece\u5dc5\u5cf0\u5230\u6b7b\u4ea1\uff0c\u5982\u540c\u4e00\u90e8\u5927\u6b22\u5927\u60b2\u7684\u5927\u620f\u3002 <\/p>\n

\u88ab\u5e76\u5165\u7f8e\u56fd\u8fd0\u901a\u4e4b\u540e\uff0c\u96f7\u66fc\u4e1a\u7ee9\u4e00\u76f4\u4e0d\u4f73\uff0c\u6210\u4e86\u8ba9\u8fd0\u901a\u98df\u4e4b\u65e0\u5473\u3001\u5f03\u4e4b\u53ef\u60dc\u7684\u9e21\u808b\u30021993\u5e74,\u7f8e\u56fd\u8fd0\u901a\u516c\u53f8\u4e0a\u4efb\u4e86\u4e00\u4f4d\u65b0CEO\uff0c\u4ed6\u7684\u7b56\u7565\u662f\u5265\u79bb\u516c\u53f8\u7684\u975e\u6838\u5fc3\u4e1a\u52a1\u2014\u2014\u94f6\u884c\u53ca\u7ecf\u7eaa\u4e1a\u52a1\u3002\u5f53\u5e74\uff0c\u8fd0\u901a\u5356\u6389\u4e86\u516c\u53f8\u7684\u8d44\u4ea7\u7ba1\u7406\u7b49\u4e1a\u52a1\uff0c\u4e5f\u628a\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u7529\u4e86\u51fa\u53bb\u3002 <\/p>\n

\u4e34\u5371\u53d7\u547d\u7684\u8fea\u514b-\u5bcc\u5c14\u5fb7\u63a5\u7ba1\u4e86\u521a\u521a\u4ece\u7f8e\u56fd\u8fd0\u901a\u72ec\u7acb\u51fa\u6765\u3001\u5df2\u7ecf\u9762\u76ee\u5168\u975e\u7684\u201c\u96f7\u66fc\u5144\u5f1f\u201d\u3002\u5bcc\u5c14\u5fb7\u4ea4\u6613\u5458\u51fa\u8eab\uff0c\u81ea\u4fe1\uff0c\u9ad8\u50b2\uff0c\u51f6\u72e0\uff0c\u679c\u65ad\uff0c\u505a\u4efb\u4f55\u6295\u8d44\u9879\u76ee\uff0c\u4ed6\u90fd\u4f1a\u8ffd\u6c42\u6295\u8d44\u901f\u5ea6\u4e0e\u51c6\u786e\u6027\uff0c\u88ab\u4eba\u79f0\u4e4b\u4e3a\u201c\u534e\u5c14\u8857\u6700\u51f6\u72e0\u7684\u6597\u725b\u72ac\u201d\u3002 <\/p>\n

\u4ed6\u6bd5\u4e1a\u4e8e\u79d1\u7f57\u62c9\u591a\u5927\u5b66\uff0c\u540e\u5728\u7ebd\u7ea6\u5927\u5b66\u53f2\u5766\u5546\u5b66\u9662\u653b\u8bfbMBA\uff0c\u81ea1969\u5e74\u8fdb\u5165\u4e86\u96f7\u66fc\u5144\u5f1f\u94f6\u884c\uff0c\u518d\u4ece\u672a\u79bb\u5f00\u8fc7\uff0c\u76f4\u5230\u96f7\u66fc\u5144\u5f1f\u6700\u540e\u7684\u57ae\u53f0\u3002 <\/p>\n

\u6beb\u4e0d\u5938\u5f20\u5730\u8bf4\uff0c\u5bcc\u5c14\u5fb7\u662f\u96f7\u66fc\u5144\u5f1f\u7684\u5927\u82f1\u96c4\u30021994\u5e74\uff0c\u5728\u4ed6\u7684\u63a8\u52a8\u4e0b\uff0c\u96f7\u66fc\u5144\u5f1f\u901a\u8fc7IPO\u5728\u7ebd\u7ea6\u4ea4\u6613\u6240\u6302\u724c\uff0c\u6b63\u5f0f\u6210\u4e3a\u4e00\u5bb6\u516c\u4f17\u516c\u53f8\u3002\u4f46\u662f\uff0c\u5371\u673a\u4ecd\u7136\u4e0d\u65ad\uff0c\u7531\u4e8e\u5927\u91cf\u4e8f\u635f\uff0c\u516c\u53f8\u53c8\u9677\u5165\u4e86\u8d44\u91d1\u4e25\u91cd\u77ed\u7f3a\u7684\u5371\u673a\uff0c\u81f4\u4f7f\u516c\u53f8\u80a1\u4e1c\u8d44\u4ea7\u5927\u5e45\u7f29\u6c34\uff0c\u53ea\u5269\u4e0b\u4e0d\u52302%\u3002\u636e\u8bf4\uff0c\u5bcc\u5c14\u5fb7\u66fe\u7ecf\u9762\u5bf9\u8fd9\u4e2a\u201c\u70c2\u644a\u5b50\u201d\u7a81\u7136\u56e0\u6050\u614c\u75c7\u53d1\u4f5c\u800c\u7a92\u606f45\u79d2\u3002\u7136\u800c\uff0c\u4ed6\u8fd8\u662f\u5f53\u673a\u7acb\u65ad\u3001\u767e\u822c\u52aa\u529b\uff0c\u628a\u96f7\u66fc\u5144\u5f1f\u4ece\u751f\u6b7b\u7ebf\u4e0a\u62a2\u6551\u56de\u6765\uff0c\u6210\u4e3a\u516c\u53f8\u4e0a\u4e0b\u4ef0\u6155\u7684\u8d85\u7ea7\u5076\u50cf\u3002 <\/p>\n

\u968f\u540e14\u5e74\uff0c\u5728\u5bcc\u5c14\u5fb7\u7684\u94c1\u8155\u7edf\u6cbb\u4e0b\uff0c\u96f7\u66fc\u5144\u5f1f\u91cd\u65b0\u56de\u5230\u4e86\u534e\u5c14\u8857\u7684\u9876\u7aef\u884c\u5217\u3002\u5728\u8fd9\u671f\u95f4\uff0c\u5b89\u5ea6\u4fc4\u7f57\u65af\u5012\u503a\u98ce\u66b4\u3001\u957f\u671f\u8d44\u672c\u516c\u53f8\u5012\u95ed\u4e0e\u201c9-11\u201d\u4e8b\u4ef6\uff0c\u5230\u4e862007\u5e74\uff0c\u96f7\u66fc\u5144\u5f1f\u5df2\u7ecf\u548c\u9ad8\u76db\u3001\u6469\u6839\u58eb\u4e39\u5229\u5e73\u8d77\u5e73\u5750\uff0c\u6210\u4e3a\u7b2c\u56db\u5927\u56fd\u9645\u6295\u884c\u5de8\u5934\uff0c\u5168\u5e74\u6536\u5165\u4e3a193\u4ebf\u7f8e\u5143\u3002\u800c14\u5e74\u524d\uff0c\u5bcc\u5c14\u5fb7\u63a5\u624b\u65f6\u8fd9\u4e2a\u6570\u5b57\u4ec5\u4ec5\u4e3a30\u4ebf\u7f8e\u5143\u3002 <\/p>\n

\u4ea4\u6613\u5458\u7684\u5929\u6027\uff0c\u4f7f\u5f97\u5bcc\u5c14\u5fb7\u559c\u597d\u5192\u9669\u3002\u7ade\u4e89\u548c\u91d1\u94b1\u662f\u4ed6\u6fc0\u60c5\u7684\u539f\u52a8\u529b\uff0c\u4ed6\u66fe\u5bf9\u5458\u5de5\u8bf4\uff1a\u201c\u96f7\u66fc\u5144\u5f1f\u5458\u5de5\u90fd\u6d41\u7740\u7eff\u8272\u7684\u8840\uff0c\u90a3\u662f\u96f7\u66fc\u6807\u5fd7\u7684\u989c\u8272\u3002\u201d\u662f\u7684\uff0c\u7f8e\u949e\u662f\u7eff\u8272\u7684\uff0c\u5bcc\u5c14\u5fb7\u8eab\u4e0a\u6d41\u7740\u7684\u5176\u5b9e\u662f\u7f8e\u949e\u989c\u8272\u7684\u8840\u3002\u5728\u4ed6\u7684\u7edf\u6cbb\u4e0b\uff0c\u96f7\u66fc\u79ef\u6781\u6269\u5c55\u4e1a\u52a1\uff0c\u5230\u5904\u5bfb\u627e\u5229\u6da6\u589e\u957f\u70b9\uff0c\u5927\u91cf\u6d89\u8db3\u5404\u79cd\u590d\u6742\u7684\u91d1\u878d\u884d\u751f\u5de5\u5177\u5e02\u573a\u3002\u5728\u7e41\u8363\u65f6\u671f\uff0c\u8fd9\u610f\u5473\u7740\u9ad8\u989d\u5229\u6da6\uff1a\u96f7\u66fc\u548c\u8d1d\u5c14\u65af\u901a\u4e00\u6837\uff0c\u5728\u503a\u5238\u884c\u4e1a\u72e0\u8d5a\u4e86\u4e00\u5927\u7968\u3002 <\/p>\n

\u5728\u534e\u5c14\u8857\uff0c\u5bcc\u5c14\u5fb7\u662f\u4efb\u671f\u6700\u957f\u3001\u751f\u547d\u529b\u6700\u987d\u5f3a\u7684\u6295\u884c\u603b\u88c1\u3002\u4ed6\u7d20\u4ee5\u201c\u5fc3\u72e0\u624b\u8fa3\u201d\u8457\u79f0\uff0c\u5728\u91d1\u878d\u4e1a\u6811\u654c\u65e0\u6570\uff0c\u4ee5\u81f4\u540e\u6765\u96f7\u66fc\u5144\u5f1f\u51fa\u4e8b\u540e\uff0c\u534e\u5c14\u8857\u5404\u5927\u516c\u53f8\u90fd\u4f5c\u58c1\u4e0a\u89c2\u3002\u800c\u5728\u516c\u53f8\u5185\u90e8\uff0c\u4ed6\u884c\u4e8b\u50b2\u6162\u81ea\u5927\uff0c\u4f1a\u8bae\u5e38\u5e38\u7531\u4ed6\u4e00\u4eba\u62cd\u677f\u51b3\u5b9a\u3002\u6ca1\u6709\u4eba\u6562\u53cd\u9a73\u4ed6\uff0c\u5458\u5de5\u79c1\u5e95\u4e0b\u7ed9\u4ed6\u53d6\u4e86\u4e2a\u5916\u53f7\u201c\u5927\u7329\u7329\u201d\u3002 <\/p>\n

\u62d0\u70b9\u7ec8\u4e8e\u5230\u6765\uff0c2007\u5e74\u7f8e\u56fd\u6b21\u8d37\u5371\u673a\u7206\u53d1\uff0c\u6b21\u5e74\u5168\u9762\u94fa\u5f00\u3002\u7136\u800c\uff0c\u521a\u610e\u81ea\u7528\u7684\u5bcc\u5c14\u5fb7\u5e76\u4e0d\u613f\u4f4e\u5934\u3002 <\/p>\n

\u5176\u5b9e\u96f7\u66fc\u53bb\u5e74\u8d26\u76ee\u4e2d\u5df2\u9732\u51fa\u8870\u8d25\u5148\u5146\uff0c\u5b83\u6709\u591a\u8fbe\u9762\u503c7380\u4ebf\u7f8e\u5143\u7684\u884d\u751f\u5de5\u5177\u5408\u7ea6\uff0c\u8fd9\u79cd\u91d1\u878d\u4ea7\u54c1\u56e0\u4e3a\u96be\u4ee5\u51c6\u786e\u4f30\u4ef7\uff0c\u6240\u4ee5\u4ea4\u6613\u5458\u548c\u9ad8\u5c42\u53ef\u4ee5\u5938\u5927\u6536\u76ca\uff0c\u6709\u5982\u6697\u85cf\u7684\u5b9a\u65f6\u70b8\u5f39\u3002 <\/p>\n

\u5bcc\u5c14\u5fb7\u5374\u8fdf\u8fdf\u672a\u91c7\u53d6\u5fc5\u8981\u63aa\u65bd\uff0c\u6b21\u8d37\u5371\u673a\u7206\u53d1\u4e4b\u9645\uff0c\u4ed6\u62d2\u7edd\u5927\u5e45\u51b2\u51cf\u96f7\u66fc\u7684\u5730\u4ea7\u8d44\u4ea7\u4ef7\u503c\u3002\u5f53\u5176\u4ed6\u540c\u884c\u56db\u5904\u5954\u8d70\u3001\u5bfb\u627e\u63f4\u624b\u4e4b\u65f6\uff0c\u4ed6\u4f9d\u7136\u9ad8\u9ad8\u5730\u4ef0\u7740\u90a3\u9897\u9ad8\u50b2\u7684\u5934\u9885\u3002 <\/p>\n

8\u6708\u4efd\uff0c\u97e9\u56fd\u4ea7\u4e1a\u94f6\u884c\u66fe\u6709\u610f\u8d2d\u4e70\u96f7\u66fc\u7684\u8d44\u4ea7\uff0c\u7136\u800c\uff0c\u5bcc\u5c14\u5fb7\u6001\u5ea6\u50b2\u6162\u5730\u62d2\u7edd\u4e86\u5bf9\u65b9\u3002\u4ed6\u53ef\u80fd\u8ba4\u4e3a\uff0c\u5f53\u60c5\u51b5\u597d\u8f6c\u4e86\uff0c\u4ed6\u624b\u4e0a\u7684\u503a\u5238\u53c8\u4f1a\u8ba9\u516c\u53f8\u4e00\u98de\u51b2\u5929\u3002\u53ef\u60dc\uff0c\u5df2\u7ecf\u71ac\u4e0d\u5230\u90a3\u4e2a\u65f6\u5019\u4e86\u3002\u4e8b\u5b9e\u4e0a\uff0c\u5728\u4ed640\u591a\u5e74\u7684\u96f7\u66fc\u751f\u6daf\u4e2d\uff0c\u4ed6\u4f3c\u4e4e\u6c38\u8fdc\u90fd\u5728\u6297\u62d2\u51fa\u552e\u516c\u53f8\u3002 <\/p>\n

\u5f53\u60c5\u5f62\u8fdb\u4e00\u6b65\u6076\u5316\u3001\u4ed6\u4e0d\u5f97\u4e0d\u5230\u5904\u6c42\u63f4\u65f6\uff0c\u5374\u53d1\u73b0\u5df2\u7ecf\u6ca1\u4eba\u80af\u4f38\u51fa\u63f4\u624b\uff0c\u5305\u62ec\u7f8e\u56fd\u653f\u5e9c\u3002 <\/p>\n

9\u670811\u65e5\uff0c\u96f7\u66fc\u5728\u603b\u90e8\u8bbe\u7f6e\u201c\u6218\u7565\u5ba4\u201d\uff0c\u5bcc\u5c14\u5fb7\u4ecd\u7136\u575a\u4fe1\u80fd\u591f\u5168\u8eab\u800c\u9000\uff0c\u66f4\u5356\u529b\u63a8\u52a8\u5206\u62c6\u51fa\u552e\u8ba1\u5212\uff0c\u800c\u4e14\u5c06\u516c\u53f8\u6574\u4f53\u51fa\u552e\u4e4b\u8bae\u4e5f\u6d6e\u4e0a\u53f0\u9762\u300212\u65e5\uff0c\u96f7\u66fc\u5c8c\u5c8c\u53ef\u5371\u7684\u6c14\u6c1b\u5f25\u6f2b\uff0c\u5f53\u665a\u7f8e\u56fd\u8054\u51c6\u4f1a\u53ec\u96c6\u534e\u5c14\u8857\u91d1\u878d\u5927\u4ea8\u8fdb\u884c\u7d27\u6025\u4f1a\u8bae\uff0c\u5bcc\u5c14\u5fb7\u5374\u7f3a\u5e2d\u300214\u65e5\uff0c\u5f53\u7f8e\u56fd\u653f\u5e9c\u8868\u793a\u4e0d\u613f\u4e3a\u6536\u8d2d\u96f7\u66fc\u7684\u4ea4\u6613\u62c5\u4fdd\uff0c\u7f8e\u56fd\u94f6\u884c\u548c\u82f1\u56fd\u5df4\u514b\u83b1\u94f6\u884c\u79bb\u53bb\u4e4b\u540e\uff0c\u75db\u82e6\u4e0d\u582a\u7684\u5bcc\u5c14\u5fb7\u5f00\u59cb\u7ed9\u4ed6\u80fd\u60f3\u8d77\u7684\u4efb\u4f55\u4eba\u6253\u7535\u8bdd\uff0c\u5305\u62ec\u6709\u53ef\u80fd\u5728\u6700\u540e\u65f6\u523b\u8fbe\u6210\u4ea4\u6613\u7684\u6469\u6839\u58eb\u4e39\u5229\uff0c\u5348\u591c\u4e34\u8fd1\uff0c\u4ed6\u8fd8\u5728\u90a3\u91cc\u4e0d\u505c\u5730\u62e8\u51fa\u7535\u8bdd\u3002 <\/p>\n

15\u65e5\u6b63\u534812\u70b9\uff0c\u96f7\u66fc\u53d1\u51fa\u516c\u544a\uff0c\u5ba3\u5e03\u516c\u53f8\u7533\u8bf7\u94f6\u884c\u7834\u4ea7\u4fdd\u62a4\u3002\u66fe\u7ecf\u4e0d\u53ef\u4e00\u4e16\u7684\u5bcc\u5c14\u5fb7\u4e5f\u6d88\u5931\u4e86\uff0c\u4e0d\u7528\u8bf4\uff0c\u6b64\u523b\uff0c\u4ed6\u6b63\u8eb2\u5728\u4e00\u4e2a\u4e0d\u4e3a\u4eba\u77e5\u7684\u89d2\u843d\uff0c\u72ec\u81ea\u8214\u7740\u6d41\u8840\u7684\u4f24\u53e3\u3002 <\/p>\n

\u8fd9\u5934\u534e\u5c14\u8857\u6700\u51f6\u72e0\u3001\u201c\u6700\u957f\u5bff\u201d\u7684\u6597\u725b\u72ac\u88ab\u6253\u8d25\u4e86\uff0c158\u5c81\u7684\u96f7\u66fc\u5144\u5f1f\u91cd\u91cd\u5012\u4e0b\u4e86\u3002\u5c18\u5f52\u5c18\uff0c\u571f\u5f52\u571f\uff0c\u65b0\u7684\u8f6e\u56de\u5c06\u518d\u6b21\u5728\u8fd9\u4e2a\u91d1\u94b1\u548c\u6743\u529b\u7edf\u6cbb\u7684\u4e16\u754c\u91cc\u4e0a\u6f14\u3002 <\/p>\n

\u96f7\u66fc\u5927\u4e8b\u4ef6 <\/p>\n

\u4e00\uff0e1850\u5e74\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u5efa\u7acb (\u4ea8\u5229-\u96f7\u66fc\uff1b\u827e\u66fc\u7ebd\u5c14-\u96f7\u66fc\uff1b\u8fc8\u5c14-\u96f7\u66fc) <\/p>\n

\u4e8c\uff0e1906\u5e74 \u96f7\u66fc\u4e8c\u4ee3\u767b\u573a(\u7f57\u4f2f\u7279-\u96f7\u66fc) \u8fd9\u4e00\u5e74\u96f7\u66fc\u5144\u5f1f\u516c\u53f8\u5df2\u6210\u4e3a\u7ebd\u7ea6\u6700\u6709\u5f71\u54cd\u7684\u80a1\u7968\u627f\u9500\u5546\u4e4b\u4e00\u3002 <\/p>\n

\u4e09\uff0e\u7b2c\u4e00\u6b21\u906d\u9047\u5371\u673a 1929\u5e74 \u7ecf\u6d4e\u5927\u8427\u6761\uff08\u7f57\u4f2f\u7279- \u96f7\u66fc\uff09 <\/p>\n

\u56db\uff0e\u7b2c\u4e8c\u6b21\u906d\u9047\u5371\u673a 1973\u5e74\uff0c\u6743\u529b\u771f\u7a7a\u3001\u7ecf\u6d4e\u8870\u9000\u3001\u52a0\u4e4b\u96f7\u66fc\u5144\u5f1f\u6295\u6ce8\u5229\u7387\u5931\u8bef \u635f\u5931670\u4e07\u7f8e\u5143\uff0c\u516c\u53f8\u9677\u5165\u4e25\u91cd\u56f0\u5883\uff08\u76ae\u7279-\u5f7c\u5f97\u68ee\uff09 <\/p>\n

\u4e94\uff0e\u7b2c\u4e09\u6b21\u906d\u9047\u5371\u673a 1984\u5e74\u56e0\u5185\u90e8\u4e89\u6597\u88ab\u7f8e\u56fd\u8fd0\u901a\u6536\u8d2d\uff08\u8def\u6613\u65af\u4efb\u516c\u53f8CEO\uff09 <\/p>\n

\u516d\uff0e\u7b2c\u56db\u6b21\u906d\u9047\u5371\u673a 1994\u5e74\u521a\u4ece\u8fd0\u901a\u72ec\u7acb\u51fa\u6765\u7684\u201c\u96f7\u66fc\u5144\u5f1f\u201d\u906d\u9047\u8d44\u91d1\u77ed\u7f3a\u5371\u673a(\u8fea\u514b-\u5bcc\u5c14\u5fb7) <\/p>\n

\u4e03\uff0e2001\u5e74 \u201c9-11\u201d\u88ad\u51fb\uff1a \u8be5\u516c\u53f8\u8bbe\u5728\u4e16\u8d38\u4e09\u697c\u7684\u91d1\u878d\u4ea4\u6613\u4e2d\u5fc3\u6bc1\u4e8e\u4e00\u65e6\uff0c\u4f46\u4ed6\u4eec\u4ec5\u7528\u4e8648\u5c0f\u65f6\u5c31\u6062\u590d\u4e1a\u52a1\uff08\u8fea\u514b-\u5bcc\u5c14\u5fb7\uff09 <\/p>\n

\u6ce2\u53ca\u4e2d\u56fd <\/p>\n

\u57ce\u95e8\u5931\u706b\uff0c\u6b83\u53ca\u6c60\u9c7c\u3002\u96f7\u66fc\u5144\u5f1f\u7684\u5012\u4e0b\uff0c\u4f1a\u7ed9\u4e2d\u56fd\u5e26\u6765\u4e00\u5b9a\u7684\u5f71\u54cd\u3002 <\/p>\n

\u81ea\u7136\uff0c\u51e0\u5bb6\u6d89\u53ca\u6d77\u5916\u6295\u8d44\u7684\u4e2d\u56fd\u94f6\u884c\u3001\u57fa\u91d1\u516c\u53f8\u9996\u5f53\u5176\u51b2\uff1a\u56fd\u5185\u7b2c\u4e00\u53eaQDII\u2014\u2014\u534e\u5b89\u56fd\u9645\u914d\u7f6e\u57fa\u91d1\u73b0\u5df2\u505c\u6b62\u8d4e\u56de\u3002\u800c\u6839\u636e\u516c\u544a\uff0c\u76ee\u524d\uff0c\u62db\u5546\u94f6\u884c\u6301\u6709\u7f8e\u56fd\u96f7\u66fc\u7684\u503a\u5238\u655e\u53e3\u5171\u8ba17000\u4e07\u7f8e\u5143\uff0c\u65d7\u4e0b\u4e00\u6b3e\u7406\u8d22\u4ea7\u54c1\u4e5f\u96be\u9003\u5384\u8fd0\uff1b\u4e2d\u56fd\u94f6\u884c\u7ebd\u7ea6\u5206\u884c\u6709\u96f7\u66fc5000\u4e07\u7f8e\u5143\u94f6\u884c\u8d37\u6b3e\uff1b\u5de5\u5546\u94f6\u884c\u6301\u6709\u7f8e\u56fd\u96f7\u66fc\u5144\u5f1f\u7684\u503a\u5238\u53ca\u4e0e\u96f7\u66fc\u4fe1\u7528\u76f8\u6302\u94a9\u503a\u5238\u4f59\u989d1.518\u4ebf\u7f8e\u5143\uff0c\u5360\u603b\u8d44\u4ea7\u989d\u7684\u4e07\u5206\u4e4b\u4e00\u3002 <\/p>\n

\u81ea1993\u5e74\u524d\u96f7\u66fc\u5144\u5f1f\u8fdb\u5165\u4e2d\u56fd\uff0c\u867d\u7136\u8fdc\u6ca1\u9ad8\u76db\u3001\u5927\u6469\u8fd9\u822c\u9ad8\u8c03\u98ce\u5149\uff0c\u591a\u5e74\u6765\u4e5f\u9887\u591a\u4f5c\u4e3a\uff0c\u5148\u540e\u51fa\u73b0\u572842\u5bb6A\u80a1\u516c\u53f8\u7684\u524d\u5341\u5927\u6d41\u901a\u80a1\u4e1c\u4e4b\u5217\u3002\u7c97\u7565\u4f30\u7b97\uff0c\u622a\u81f39\u670815\u65e5\uff0c\u5176\u65d7\u4e0bQFII\u6536\u76ca\u7ea6\u57283\u4ebf\u5143\u4eba\u6c11\u5e01\u5de6\u53f3\uff0cA\u80a14\u5e74\u6765\u7684\u6536\u76ca\u7d2f\u8ba1\u7ea6\u4e3a3.16\u4ebf\u5143\u3002\u53e6\u636e\u6e2f\u4ea4\u6240\u62ab\u9732\uff0c\u96f7\u66fc\u5144\u5f1f\u8d26\u6237\u7533\u62a5\u6301\u6709\u7684\u5185\u8d44\u4f01\u4e1a\u9999\u6e2f\u4e2a\u80a1\u5305\u62ec\u4e2d\u56fd\u4e2d\u94c15.42%\u80a1\u4efd\u3001\u5bcc\u529b\u5730\u4ea75.84%\u80a1\u4efd\u3001\u7eff\u57ce\u4e2d\u56fd6.65%\u80a1\u4efd\u3001\u4e2d\u56fd\u57fa\u7840\u8d44\u6e9017.7%\u80a1\u4efd\u3001\u8d44\u672c\u7b56\u756518.03%\u80a1\u4efd\u4ee5\u53ca\u9e3f\u9686\u63a7\u80a16.69%\u80a1\u4efd\u7b49\u3002 <\/p>\n

\u96f7\u66fc\u6b64\u524d\u5728\u4e2d\u56fd\u7684\u8bf8\u591aPE\u9879\u76ee\u524d\u666f\u4e5f\u6210\u4e3a\u5173\u6ce8\u7684\u7126\u70b9\u3002\u96f7\u66fc\u5144\u5f1f2006\u5e74\u51fa\u8d449000\u4e07\u7f8e\u5143\u4e0eIBM\u8054\u5408\u7ec4\u5efa\u4e2d\u56fd\u6295\u8d44\u57fa\u91d1\u3002\u8be5\u57fa\u91d1\u8d2d\u4e70\u4e2d\u56fd\u901a\u4fe1\u670d\u52a1\u80a1\u4efd\u6709\u9650\u516c\u53f8\u7684\u80a1\u4efd\uff0c\u8d2d\u5165\u91d1\u8776\u8f6f\u4ef6\u7ea67.7%\u80a1\u4efd\u30022007\u5e74\u5e95\uff0c\u96f7\u66fc\u8054\u5408\u591a\u5bb6\u98ce\u6295\u5411\u65c5\u6e38\u641c\u7d22\u7f51\u7ad9\u201c\u53bb\u54ea\u513f\u201d\u6ce8\u8d441000\u4e07\u7f8e\u5143\u30022007\u5e7412\u6708\uff0c\u96f7\u66fc\u5144\u5f1f\u5411\u5929\u6d25\u878d\u521b\u6ce8\u8d442\u4ebf\u7f8e\u5143\uff0c\u62df\u53d6\u5f97\u540e\u800535%\u7684\u80a1\u4efd\u30022008\u5e743\u6708\uff0c\u4e2d\u94c1\u4e8c\u5c40\u4e0e\u96f7\u66fc\u5144\u5f1f\u63a7\u80a1\u516c\u53f8\u65d7\u4e0b\u516c\u53f8\u5728\u6210\u90fd\u6210\u7acb\u5408\u8d44\u4f01\u4e1a\uff0c\u6ce8\u518c\u8d44\u672c\u4e3a4054.1\u4e07\u7f8e\u5143\uff0c\u4e24\u8005\u5206\u522b\u6301\u80a151%\u548c49%\u3002 <\/p>\n

\u4e2d\u56fd\u6295\u8d44\u8005\u4eec\u4ece\u8fd9\u5806\u5783\u573e\u91cc\u80fd\u62ff\u56de\u591a\u5c11\u94b1\u5462\uff1f <\/p>\n","protected":false},"excerpt":{"rendered":"

\u5357\u65b9\u4eba\u7269\u5468\u520a\u8bb0\u8005 \u90b9\u9ad8 \u7efc\u5408\u62a5\u9053 \u534e\u5c14\u8857\u6700\u51f6\u72e0\u3001\u201c\u6700\u957f\u5bff\u201d\u7684\u6597\u725b\u72ac\u88ab\u6253\u8d25\u4e86 \u8fd9\u4e2a\u795e\u8bdd\u6700\u521d\u7684\u4e3b\u89d2\uff0c\u662f\u6765\u81ea\u5fb7\u56fd\u7684\u725b\u8d29\u4e4b\u5b50\u4e09\u5144\u5f1f\uff08Henry Lehman\u3001Emanuel Lehman\u3001Mayer Lehman\uff09\uff0c\u4ed6\u4eec\u4e8e158\u5e74\u524d\uff0c\u6765\u5230\u8fd9\u7247\u6d41\u7740\u871c\u548c\u5976\u7684\u5730\u65b9\uff0c\u521b\u7acb\u4e86\u4e00\u5bb6\u4ee5\u4ed6\u4eec\u7684\u59d3\u6c0f\u547d\u540d\u7684\u5546\u53f7\u3002 \u5386\u7ecf\u7f8e\u56fd\u5357\u5317…
Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,91],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=\/wp\/v2\/posts\/7625"}],"collection":[{"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7625"}],"version-history":[{"count":0,"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=\/wp\/v2\/posts\/7625\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.jackjia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}