章 882: Chapter 882: The combination of finance and computers
'...I hope everyone can do their jobs and cooperate fully. This process is also when the company is evaluating you. I hope that after the merger, I can still see you again.'
'Okay, this meeting is over. John Gufran and Michael Bloomberg will stay behind, and everyone else can go.'
After Xue He finished speaking, the attending executives gradually left.
In less than a minute, there were only four people left in the meeting room: Xia Yu, Xue He, John Gufran and Michael Bloomberg.
Xue He got up and closed the door, then respectfully asked Xia Yu, in the astonished gaze of John Gufran and Michael Bloomberg, 'Boss, should I go out first?'
'Sit down, you've worked hard,'
Xia Yu said with a slight shake of his head, and his gaze returned to the surprised expressions on the faces of John Gufran and Michael Bloomberg.
Neither the legal person of Galaxy Fund nor the legal person of Philip Brothers was Xia Yu, and although within Galaxy Fund, people like Song Yang and Xue He called Xia Yu boss, on paper, the general manager of the parent company of Galaxy Fund was Liu Jiao, not Xia Yu.
During the meeting just now, Xia Yu only sat at the same table as Xue He, and did not speak at all. When Xue He introduced Xia Yu to the others, he only said that he was a representative sent by Milky Way Fund. It was only natural for John Gufran and Michael Blumburg to be surprised at this point.
'Let me introduce myself first. My name is Xia Yu. You can call me Boss,'
Xia Yu said softly with a faint smile on his lips.
John Gufran and Michael Blumburg came back to their senses and shouted in unison, 'Boss!'
Xia Yu nodded slightly and fixed his gaze on John Gufran, the future 'king of Wall Street'.
'John, just now at the meeting, Xue He did not announce your position decision. To be honest, I really like your talent, so I plan to reuse you.'
'After the merger of Phillip Brothers and Solomon Brothers, you will become the president of the company. Now the president of Phillip Brothers will either resign or become your deputy.'
Upon hearing this, John Gufranben's bulging eyes instantly widened, and he looked carefully at Xia Yu, discovering that Xia Yu was not joking.
A feeling of joy and gratitude rose in his heart. To be honest, he was mentally prepared for a demotion or dismissal, and he had even considered leaving his job to find a new one, but he had never imagined that he could become the president of Philip Brothers.
This was because he knew his own abilities and knew the difference in strength between Philip Brothers and Solomon Brothers.
Moreover, it was Philip Brothers that had merged with Solomon Brothers, and he had never heard of the person from the merged company becoming the president of the merged company. So he never thought about it.
Unexpectedly, the new boss Xia Yu valued him so highly, and he felt an urge to die for a true friend.
At this moment, all his worries and thoughts of leaving the company were swept away. After all, it was indeed difficult to find a suitable job.
He suddenly got up and bowed to Xia Yu to thank him: 'Boss, thank you for recognising me. I will definitely not let you down.'
Xia Yu nodded with a smile, motioned for him to sit down, and then said, 'Your first priority is to stabilise the staff. Every employee of the company is an asset.'
'On this basis, you must do a good job of scheduling, and strive to complete the merger and restructuring of Solomon Brothers and Phillips Brothers as soon as possible.'
'How long do you think this process will take?'
John Gufran pondered for a long time before speaking firmly, 'Boss, at most three months, and the new company after the merger will be able to carry out all business as normal.'
Considering that Philipp Brothers is a multinational company and Solomon Brothers is also a first-class financial company, three months for integration is already quite fast, and even doubling it to six months is not considered slow.
Xia Yu estimated that he was confident in this because he believed in the prestige of Salomon Brothers and also took into account the fact that Philip Brothers would not have any constraints or resistance, given the support of the boss.
Therefore, Xia Yu smiled and nodded, saying, 'Good, I look forward to your performance.'
Then Xia Yu also encouraged John Gufran a little, and the latter left the meeting room tactfully.
Michael Bloomberg, in the prime of his life, subconsciously puffed out his chest when he saw his boss Xia Yu looking at him, to look more energetic and confident.
Xia Yu spoke kindly, as if chatting with a friend, and said with ease, 'Michael, I heard that you plan to change your work environment?'
Michael Bloomberg nodded and said frankly, "Yes.'
Xia Yu asked with interest, "Is it because no position in the company can bring your talents into play?'
Michael Bloomberg is not so arrogant, and even if he really thinks so, he would not be so stupid as to say yes. He immediately shook his head and said, 'No, I'm just changing jobs. I joined Salomon Brothers as soon as I graduated from university, and I've been here for 14 years now.'
'But I feel that I'm still young, and I want to improve my comprehensive abilities through different jobs to lay the foundation for greater achievements in the future.'
To Michael Bloomberg's surprise, his boss Xia Yu did not persuade him to stay, but instead smiled and asked him again, 'So have you thought about where you want to further your studies?'
Michael Bloomberg pondered for a moment and replied honestly, 'I haven't decided on a specific job yet, but I think with the development of semiconductors, computers are having an increasing impact on society. However, the financial industry, as the lifeblood of society and the economy, seems to be lagging behind in its integration with computers. So I hope to find a job that combines computers and finance.'
Hearing Michael Bloomberg's response, Xia Yu felt at ease.
It seemed that Michael Bloomberg was still exploring and had not yet had the idea of starting a business, which was good news.
He could abandon the even less appealing second option in his original plan.
Xia Yu smiled and said, 'Michael, you share my view. At present, Wall Street's view of the computer industry is still limited to it being a sunrise industry, and they are more thinking about investment than using computer technology to upgrade and evolve the financial industry.'
'Maybe it's because they are all used to making money lying down.'
'If you want to find such a job, it will be very difficult.'
Michael Bloomberg's face darkened slightly, and he nodded and said, 'Yes, the development of the financial industry has now reached an inflection point. Most of Wall Street's attention is focused on financial derivatives, believing that the future of the financial industry lies in new financial products.'
Xia Yu smiled and said, 'But isn't this an opportunity?'
'I have already been conducting research in this area and have achieved certain results. It is also time to start preparing for commercialisation. It so happens that the company is still lacking a person in charge. Would you like to give it a try?'
Michael Bloomberg's eyes lit up, and he was instantly interested. While he was grateful, he also felt a little stirrings of excitement.
However, he also knew that products like this that had not yet been launched on the market belonged to the secrets of the company, and it was not appropriate to ask rashly.
But the curiosity in his heart made his heart itch like a cat, and after hesitating for a moment, he finally asked cheekily, 'If it's okay, can you tell me what kind of company it is?'
Xia Yu thought for a moment and said vaguely, 'Michael, you should know the importance of the speed of information acquisition to the financial industry.'
Michael Bloomberg nodded in agreement. The importance of the speed of information acquisition is undoubtedly the first priority. As long as valuable information can be obtained quickly enough, a time difference can be created, and a huge profit can be made.
'The development of the financial market is now approaching a peak.'
'In my opinion, what limits it is mainly valuable information. Financial companies spend a large part of their manpower collecting and analysing valuable information, even for basic information, which also requires manpower to collect, which is a huge waste of time.'
'The product I make is to provide customers with valuable financial information without interruption. As long as financial companies purchase my product, they can greatly improve work efficiency and form an information gap with other companies that have not purchased the service. Do you think there is a market for it?'
Having said that, although Xia Yu still didn't say what the product was, and what he said was still a bit vague, it was enough to make Michael Bloomberg imagine endlessly.
The more he thought about it, the more he felt that this was exactly the direction he had been looking for. He never imagined that his new boss Xia Yu had already gone so far down this path. This made him feel a little frustrated, but also increasingly excited.
Michael Bloomberg's change of heart was noticed by Xia Yu, who gave him a faint smile and once again extended an invitation to him. He said with a serious face, 'Michael, what do you say? Are you willing to participate in creating this product with your own hands? As long as you pass the six-month probation period and gain my approval, you will be eligible to receive stock options from the company. How many you can get depends on your contribution to the company!'
Although they are only stock options and not direct equity, as long as you don't betray the company and keep working hard, the stock options will naturally become real equity over time.
Looking at Xia Yu's calm eyes, Michael Bloomberg's heart trembled, and he struggled violently.
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