American Fortune Life

Knowing that the risk of emptying is not ordinary, there is no place to die by accident.

And by memory, Andy couldn't see where the subprime crisis was most evil: the flag price of the world's largest bank dropped to a few cents; AIG, the world's largest insurance group, lost $190 billion to the United States government to save it; and the five golden Wall Street investment banks blew up three more.

Anyway, the worse companies die in this crisis, the more people like Andy Smith want to die.

Andy wouldn't dare bet that his unexpected joining would directly kill Morgan Stanley.

Back at the office, Andy took three Havana cigars from a classic wooden box at his desk, threw one at Al and one at Bud, and baked them in turn.

The office was very quiet, and the three of them each threw up a smelly smoke, calming the excitement in their hearts and sorting their thoughts.

Andy put the cigar on the edge of the crystal ashtray, stood up in front of the bar, took a bottle of wine out of the wine cabinet, and stretched out his fingers and copied three crystal clear high foot glasses back.

As she poured the wine, she smiled and asked, “What do you think? ”

Budstone leaned comfortably on the couch, enjoying a cigar and slightly raised his chin, allowing Alvitelli to present his point of view first.

Al looks at the cigar in his hand, smashes it, smiles and says, "Boss, I think you're wondering now, what kind of price would Damo give us? Based on the current market situation, they would give me a compromise of $3-3.6 billion, and perhaps keep the bottom line at around $4 billion. ”

Andy nodded, about the same price as he thought, and the high price that other companies interested in Damo could give, “Can they give so much cash? ”

“They can also use credit line loans, which, while the bank tightens the loan window, will turn into high interest loans, but since Tama is ready to redeem the gambling agreement in our hands, it means they are going to let go!” Budstone's legs crossed and changed into a more comfortable position, smiling and analyzing Andy.

Andy frowned, seemingly trying to say something, and Alvitelli, beside him, took the lead and said, "Big, not down! Don't underestimate a greedy investment heart when it comes to high-interest loans versus huge losses, increased cash flows, and opportunities that may arise in a crisis. ”

“Four billion?” To be honest, Andy is influenced by the constant greed in his heart, which people always do, and when they are available, they always want to get more, get more...

Al and Bud couldn't help but face each other and look at the incredible tangle of their young bosses.

“Huh -” Andy's eyebrows stretched, breathing a turbid breath, his eyes glaring at Al and Bud, "that's a little unhappy! Is there anything else I can do to maximize my interests? ”

“ ”

Budstone and Al both frowned and thought quickly.

After a while, Al first said, "We start with six billion, we start with tangled negotiations, and four billion is just our guess, not necessarily their bottom line, we have enough time to drag it down, but they don't, and the market changes every day, and nobody knows what's going to happen in the next moment, and time is just as valuable to them. ”

“Nice!” Budderstone answered in due course, "We have the initiative, we can put pressure on them at any time, and when the negotiations are stalled and they don't give in to each other, boss, you can meet some executives like UBS, Citibank, * * * *, have coffee, play golf, etc., and I think Morgan Stanley will compromise. ”

“But, boss, don't expect too much luxury, 4 billion down, no more than 5 billion dollars, and maybe even cash plus equity.” Alvitelli saw the boss with a luscious face and said, without losing time.

“Who wants their stock? They don't know what their stock will fall to for some time to come!” Andy leaves his mouth shut and says with disdain.

“With convertible preferred shares plus cash, convertible preferred shares can continue to hold preferred shares to secure a fixed dividend instead of exercising the right to request conversion when the company is less profitable, while when the company is more profitable, the right to request conversion can be exercised and converted into ordinary shares to share a rich profit. This would also help Daimo to ease the corporate burden. ”

Budstone threw out a new concept that sparkled Al's eyes and nodded in favour: "Perhaps Daimo would agree very much with this model, after all, it would be better for a non-exercising shareholder with a large amount of cash to go through the storm of the future. ”

“Okay, then it's settled! You two assemble a negotiating team immediately and inform each other to start negotiations, Bud. You've been in charge of the CDS vs. Gambling Agreement. You need to give Al more support on the data. Al is in charge of you. After all, you have a lot of experience in the negotiations. Is that okay? ”

“No.”

“No.”

Both replied with a serious nod, and Andy said to both of them with the same seriousness: "Then please, both of you. ”

Watching the two of them leave, Andy sipped a cigar, slowly opened his lips, a smoke slowly rose, smelled the aroma, swayed the red wine glass in his hand and sipped it.

“Soon... As soon as the negotiations are completed, I can begin to implement the plan, wait, wait...” Andy's mouth curled slightly upwards, his eyes squinted, but his thoughts didn't know where to fly.

Morgan Stanley's negotiating team arrived at Free City Investment that afternoon after receiving a call from Budstone.

Under the introduction of Budstone and Morgan Stanley Tom, the two teams had a brief understanding and exchange, sitting opposite each other in the conference room.

The Free City Investment Corporation is dominated by Alvitra, with Budstone as deputy, Morgan Stanley by John J. Mark and Tom as deputy.

Immersed in the subject of the negotiations, the man named John J. Mark threw a price directly at Al and Bud.

“$3.6 billion, Morgan Stanley is willing to bid $3.6 billion to redeem the betting agreement... ”

Bud and Al both saw in each other's eyes that they didn't want to fight them for a long time, but wanted to end the negotiations as soon as possible. Bud saw that the other side had been faceless, but the corner of his mouth was slightly pulled by Tom, and he couldn't help but close his eyes.

Alvetelli was quick to say: "Our agreement will eventually yield $7.2 billion in profits, and you will give us a compromise as soon as you speak, would you agree? Our boss wouldn't even talk to you if he knew you were paying this price.

But now that the negotiations have begun, we also tell you that our bottom line, six billion, is that if you want to redeem the gambling agreement, we won't consider less than six billion... ”

“Impossible! This is blackmail, and we will never accept this outrageous price... ”

Al and Budstone looking at each other uncertainly, looking at John Mark with all his anger, blackmailing?

Alvitelli grinned and threw the signature pen in his hand at the table, his arms around his chest, and said coldly: "Watch your language, we didn't ask you to redeem it, and if you don't know what's going on, the negotiations are over.

We have plenty of time to wait until the agreement expires, hopefully you can come up with so much cash by then, otherwise we will ask the court to freeze your assets and convert them into debt, I think you Morgan Stanley tens of billions of companies, just auction a few subsidiaries can pay our money together! ”

“You...”

“Everybody relax, talk slowly, our negotiations have just begun, the price is not close, you can find consensus slowly, you want to make profit to leave easily, we want to recover the losses of the company, we don't conflict with each other's demands, you can talk slowly.” Tom seemed helpless and begun to persuade both sides with bitterness.

Budstone and Tom were friends, and he had noticed something was wrong, and he gave himself a look at the comparative data analyst.

The data analyst opens the folder, punches the other person's heart with a specific data dagger, and listens to Morgan Stanley's face change dramatically.

Budstone took the opportunity to break away from the negotiations and left the conference room and headed straight to Andy's office to share his guess with Andy.

“You mean something went wrong inside Morgan Stanley?” Andy frowned, touching his chin and sighing.

“It should be, Tom looked at John Mark strangely, cautiously, and even a little gloomy when he argued with Al. Why don't I ask?” Budstone agreed with the frown.

“Well, right here on the phone...” Andy leaned over the boss chair with his arms and elbows resting on the armrest with his hands crossed by ten fingers in front of his chest.

Budstone took out his phone and started calling Morgan Stanley's friends. Soon after Bud kept asking, they told him the truth. In fact, even if they didn't tell him now, tomorrow's newspaper would be published.

"At a board meeting this morning in Morgan Stanley, Morgan Stanley's founder stepson, former chairman S. Park Gilbert, using his name, reputation, and financial power, eight banker shareholders on the joint board forced Pei Xiliang to relinquish his power, while also giving him a certain identity, and his preference for conservative financial routes was destroying Morgan Stanley's culture. ”

“In other words, the other party has just undergone a power change!” Andy's eyebrows are tighter.

“Yes, Parker is the core and soul of Morgan Stanley, and today's negotiator, John Mark, is likely to succeed the CEO of Damo, which is why he came up here to talk about $3.6 billion, and he wants the negotiations to be concluded as soon as possible without paying too much.” Budstone knows everything about Wall Street, and the hero's spectrum is worse than his chest.

“Oh, the temper? Go back, proceed according to the original plan, drag, first sharpen his qi, beg for someone to have a demanding attitude, where he can make the decision!” Andy laughed, but now it seems that simple negotiations are not going to achieve their purpose, and it may be time to move.