Wall Street Legend

  Chapter 288 Counter-offer

  For others, fixed assets may be a relatively good investment direction.

Gold no longer has the property of anti-inflation, and its importance has plummeted. High-end real estate in popular areas can resist some inflation. For example, in core areas such as New York, London, and Paris, house prices have been rising with currency inflation. The income of national debt is similar, and it can also match the stock dividends of established listed companies. The market is quite mature.

   But for Ye Dongqing, he has too many investment goals. The main goal of trying to build the Cobra Building is purely to satisfy his personal interests, and the second is to use it as the company's headquarters to meet office needs.

You can’t just make money without spending money, and live like Mr. Paul Getty, an oil tycoon. It has become a joke in the eyes of Americans. Ye Dongqing is living in the way she likes, and is committed to pursuing what she wants Everything, the Cobra Tower is more like a gift he gave himself to celebrate his entry into the tens of billions of dollars club, and he realized it at the age of 20.

Napoleon used the Arc de Triomphe to praise his achievements. The Rockefeller Center was closely tied to the Rockefeller family, and he also wanted to have a building of his own, so that people would think of his achievements whenever they saw it in the future. For this year’s land purchase In the negotiations, he was determined to win, and he couldn't find a better land than it in New York.

Mr. Mike Becker doesn't know this. Even he thinks the total price is too high. In the end, most of the time, he still has to cut a whole piece of land into two or three pieces, and then sell it to the outside world or build apartments by the company he manages. Today In his opinion, the possibility of success in this negotiation is not high. He thinks that Ye Dongqing, like other company owners, is reluctant to spend so much money to build skyscrapers, because the price is too high. It is better to buy the Chrysler Building or Rockefeller directly. One of the buildings in the center, which is more affordable.

Hearing Ye Dongqing mention the wealth management business, he subconsciously thought that this young rich man of Chinese descent wanted to let him reinvest the money he earned from selling the land into him, so he was a little bit tempted, but out of risk considerations, he was decisively rejected again. Mr Baker declined.

Like other older generations in their early fifties, Mr. Becker also lacks the spirit of adventure and cannot keep up with the speed of development of this era. He thought that the Internet bubble crisis that occurred in 2000 was enough to explain everything—the Internet industry is not reliable .

This negative impression affected his judgment, so he told Ye Dongqing: "I know you can give a very good rate of return, but our Vornado Real Estate Company still has some debts that have not been paid off. Bank debts are not What an urgent problem, if you really decide to buy it, I will use the money to pay off the bank loan, and the rest of the money will be used for company development.”

Danshui Investment Group has really stopped raising funds from outside, unless Ye Dongqing thinks it is necessary. After listening to the other party, after thinking about it, he realized that there might be a misunderstanding. He shook his head and said with a smile: "I did buy it The only thing that troubles me now is the price. I can give up to 1.8 billion US dollars in cash, and it can be credited into your company's account at any time after the contract is signed and transferred.

If it doesn’t work, then forget it. I do business so simply. I may consider building the building near the New World Trade Center, or in Midtown near the East River. You should know that this is a very kind offer. It is a full $80 million higher than the $1.72 billion quotation Blackstone Group gave you a few months ago. This is my sincerity. "

"...It is indeed higher than their quotation, but you may not know that the final quotation that Blackstone Group gave us was US$1.78 billion. Many companies value our land, since the shareholders decided not to sell it to them at that time , an extra 20 million U.S. dollars is probably useless, and the base price is two billion U.S. dollars."

   I don’t know what Mr. Mike Becker thinks, but the latter sentence is very straightforward, and he doesn’t even mean to take the initiative to lower the price.

Those who say that Americans don’t like bargaining must have never really lived in the United States. They can bargain when they go to ordinary shopping malls. When Ye Dongqing went to Boeing to buy a plane, they dropped a full 10 million US dollars. The cost of decoration is similar to that of other businesses, which also requires constant competition and trial between the two parties.

His willingness to buy the land is very strong, it depends on how much the shareholders of Vornado Real Estate Company want to sell the land. From what I have learned, they only paid 800 million in 1996 U.S. dollars took this land, and it has not been developed. It was only after the old building was demolished last year that it was rumored to be sold to the outside world.

Earning one billion dollars in more than seven years, Ye Dongqing felt that this price was already very good. He took the initiative to mention: "But the Blackstone Group traded with you in the form of building plus cash, and I used all cash. The two buildings in the lower city It is not easy to sell the building and cash out, maybe you should ask other shareholders of your company before making a decision, sir."

"Okay, please wait for me for a while. I'll make a call first when I go out. I also want to facilitate this cooperation, but after all, it's not all my company. Maybe the price can be slightly lowered, but you need to know It’s definitely not possible with dollars.”

  Mr. Becker took a vaccination in advance, took the mobile phone handed by the secretary and left the conference room...

  Compared with other company executives, Ye Dongqing's peace of mind is that there are currently no other shareholders, which avoids many disputes over decision-making and rights, and allows the company to develop in the direction he wants with peace of mind. Some time ago, it was Apple, Danshui Investment Group, Facebook, etc. that had problems. Since its establishment, he has the final say.

Many big companies were not overwhelmed by competitors in the end, but died in the long-term internal strife between you and me. There are countless similar examples. He didn't have the leisure to seize power with others, so he didn't think about dividing up from the beginning Giving too much power to others was not possible when there was no money in the past, and now there is no reason to train opponents by yourself.

Take the Vornado Real Estate Company that is negotiating with him as an example. Mr. Becker obviously cannot make the decision. There are so many shareholders behind him with different ideas. This will lead to confusion in decision-making. The decision supported by the majority of shareholders is not necessarily Just right.

Jerry Yang, the founder of Yahoo, expressed regret to Ye Dongqing more than once. He regretted that he did not acquire the Google crawler project created by those two juniors. Rejected, too blind and arrogant, there was an acquisition opportunity the year before last, but the negotiation fell apart again, and a strong competitor was cultivated just like that.

  During the negotiations, Jerry Yang originally planned to bid 4 billion US dollars, but unfortunately other shareholders disagreed. After several rounds of financing and the dilution of shares in the listing, his right to speak was no longer high, and he seemed to be marginalized...

  (end of this chapter)