American Fortune Life

You know that the risk of shorting is not generally high, and you can die without care.

And according to memory, Andy can't understand what the subprime mortgage crisis makes people feel the most evil: the world's largest bank Citigroup's stock price fell to a few cents; the world's largest insurance group aig lost a lot of money and spent the US government 190 billion Only US dollars were able to survive; while the glittering Wall Street investment bank exploded three more.

In short, the companies that have become more aggressive in this crisis have died worse, and they are killed by individuals like Andy Smith.

Andy didn't dare to gamble if this unexpected person joined would directly kill Morgan Stanley.

Back at the office, Andy took three Havana cigars from the classic wooden box at his desk, threw one for Al and Bud, and then baked and lit them one by one.

The office is very quiet, each of them exhaling the fumes of smoke, calming the excitement in their hearts and sorting out their thoughts.

Andy put the cigar on the edge of the crystal ashtray, stood up and walked to the bar, took out a bottle of red wine from the wine cabinet, stretched out his fingers, picked up three crystal clear goblets, and came back.

While pouring red wine, he smiled and asked, "What do you think?"

Bardstone leaned comfortably on the sofa, enjoying the cigar, raised his chin slightly, and let Alvitre set out his point.

Al looked at the cigar in his hand, smashed it, and said with a smile: "Boss, I think you are thinking now, what price will Damo give us? According to the current market situation, they It will give me a half-fold, $ 3 billion to $ 3.6 billion, and the bottom line may remain at about $ 4 billion. "

Andy nodded, similar to the price he thought, and also the high price that other companies interested in Damo can give, "Can they take out so much cash?"

"They can also use credit line loans. Although the loan will become usury during this period of tightening the loan window of the bank, but since Morgan is preparing to redeem the gambling agreement in our hands, it also signals that they will let go. Now! "Bardstone crossed his legs, changed to a more comfortable position, and smiled at Andy.

Andy frowned, what seemed to be saying. Alvitre, who was on the side, said first: "Large is not down! Usury has a huge loss than a huge loan, but also increased cash flow. Compared with various opportunities that may appear in a crisis, What's the matter, don't underestimate the greed of an investment bank. "

"Is it 4 billion?" To be honest, Andy is affected by the greed that keeps coming out from the bottom of his heart. People always do this. When they are within easy reach, they always hope to get more and more ...

Al and Bud could not help looking at each other, looking at his young boss's expressions tangled.

"Hoo" Andy frowned, exhaling a sulky breath, staring at Al and Bud with a clear look, "It's a bit uncomfortable! Is there anything else that can maximize my benefits?"

"..."

Bardstone and Al frowned, thinking quickly.

After a while, Al first began to say, "We started with 6 billion as the starting point for entanglement negotiations. 4 billion is just our guess, not necessarily their bottom line. We have enough time to drag on, but they No, and the market changes every day, no one knows what will happen next, and time is also precious to them. "

"Good!" Bardstone took the conversation at the right time. "We have the initiative and can put pressure on them at any time. When the talks are deadlocked, the boss can meet with you such as UBS, Citi, JPMorgan Chase. Senior executives, drink coffee, play golf or something, I think Morgan Stanley will compromise. "

"However, boss, don't hold too much hope, 4 billion guarantee, the maximum will not exceed 5 billion US dollars, and maybe discounted by cash plus equity." Arvitelli saw the happy boss, Said at the right time.

"Who wants their stock? In the future, their stock will not know what price it will fall into!" Andy said with a scornful expression.

"Then use convertible preferred stock plus cash. When the company's profit is small, the convertible preferred stock can not exercise the right to request conversion and continue to hold the preferred stock to ensure a fixed dividend. When the company's profit is high, it can Exercising the right to request a conversion and convert it into ordinary stocks to share generous profits. This will also help Dharma reduce the burden on the company. "

Bardstone threw out a new concept to make Al's eyes light up and nodded in agreement: "Perhaps Damo will agree with this model very much. After all, a shareholder who does not have the right to exercise a large amount of cash holds them. It's better to weather the storms of the future. "

"Okay, that's it! The two of you immediately set up a negotiation team to inform the other party to start negotiations. Bud ’s ds agreement you have been responsible for should support Al in the data. Al is led by you. After all, you are negotiating. Yes, you are experienced, are you okay? "

"No."

"No."

They both nodded with serious expressions, and Andy said to them equally seriously: "Then bother you."

Watching the two men leaving, Andy took a sip of the cigar, slowly opened his lips, a cloud of smoke slowly rose, smelling the scent, shaking the red wine glass in his hand, taking a sip.

"Coming soon ... as soon as the negotiations are completed, I can start implementing the plan, wait a minute, wait a minute ..." Andy's mouth slightly tilted, his eyes narrowed slightly, but his thoughts did not know where he had flown.

After receiving a call from Bardstone, the Morgan Stanley negotiating team led the team to Liberty City Investment Company that afternoon.

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

The Liberty City Investment Company is dominated by Alvitre, Bardstone is the deputy, Morgan Stanley is dominated by John J. Mark, and Tom is the deputy.

After the two sides were immersed in the subject of the negotiation, the one called John J. Mark immediately threw out a price that made Al and Bud look at each other.

"$ 3.6 billion, Morgan Stanley is willing to bid $ 3.6 billion to redeem the gambling agreement ..."

Both Bard and Al saw from the other's eyes that they did not want to engage in a protracted battle with them, but wanted to end the negotiation as soon as possible. Bard saw that the other side had been expressionless, but the corners of his mouth were slightly tugging, and he could not help but He narrowed his eyes.

Arvitelli hurriedly said, "Our agreement can finally make a profit of 7.2 billion U.S. dollars, and you give us a half-fold as soon as you open your mouth. Would you agree? If you knew this, I would have known this. Our boss won't talk to you about the price.

However, since the negotiations have begun, then we also tell you that our bottom line is 6 billion. If you want to redeem the gambling agreement, below 6 billion we will not consider ... "

"Impossible! This is blackmail, and we will never accept such outrageous prices ..."

Al and Badstone glanced uncertainly, looking at the mad John Mark with black eyes, blackmailing?

Alvitre sneered, looking at the signature pen in his hand, throwing his arms across the table, his arms around his chest, and coldly said: "Pay attention to your wording, we did not force you to buy it, and if you are not sure about the situation, then the negotiation This ends.

We have enough time to wait until the expiry date of the agreement. I hope that by then you can take out so much cash. Otherwise, we will ask the court to freeze your assets and convert them into debt. I think you Morgan Stanley's tens of billions of dollars. Company, just auctioning a few subsidiaries can make up enough to pay our funds! "

"you"

"Do n’t be excited. Let ’s talk slowly. Our negotiations have just begun. We ca n’t talk about the price. We can slowly find a consensus. You want to make a profit and leave the market easily. We want to recover the company ’s losses. You can talk slowly. "Tom seemed very helpless, and began to persuade the parties bitterly.

Bardstone and Tom are friends. He has noticed that something is wrong, and the data analyst makes a gaze at himself.

The data analyst then opened the folder and used the specific data dagger to plunge into each other's heart, listening to the Morgan Stanley people's complexion.

Bardstone took the opportunity to leave the negotiations, left the meeting room, went straight to Andy's office, and told his guess to Andy.

"You mean something went wrong inside Morgan Stanley?" Andy frowned, groaning as he felt his chin.

"It should be so, Tom's look at John Mark was strange, alert, and even when he was arguing with Al, there was even a bit of gloating. Should I inquire?" Bardstone agreed to frown.

"Well, just call here ..." Andy leaned against the boss' chair with his arms and elbows on the armrests, his hands crossing his fingers on his chest.

Bardstone took out his mobile phone and began to call Morgan Stanley's friends. Soon after the constant questioning by Bard, the other party told him the truth. In fact, even if he doesn't tell him now, tomorrow's newspaper will publish it. come out.

Bardstone's face changed slightly, and after thanking him a few times, he hung up the phone and said to Andy, "This morning, at the board of directors held by Morgan Stanley, the founder's stepchild and former chairman of the Ms. Stanley Group · Gilbert used his name, prestige, and financial resources. Eight banker shareholders on the joint board of directors forced Pei Xiliang to give up power, and also gave him character. His more conservative financial route is destroying Morgan Stanley. Publicity. "

"That is to say, the other party just made a change of power!" Andy frowned even more.

"Yes, Parker is the core and soul of Morgan Stanley. The negotiator John Mark who is coming today is likely to succeed Damo, which is why he started talking about $ 3.6 billion as soon as he came up. He hopes to end the negotiations as soon as possible. , And don't want to pay too much. "Bardstone knows everything about Wall Street, and the heroes are more familiar with the chest.

"Oh, are you upset? Go back, follow the original plan, drag, and let go of his energy first, and you must have the attitude of asking others, where can he be the master!" Andy smirked, but, It now appears that negotiations alone are not enough to achieve their goals. Perhaps it is time to move.