章節 881: Chapter 881: The father of Bloomberg is discovered
"You're half right.'
'Don't expose the Galaxy Fund, but Phillip Brothers can go all-in on oil futures. It needs a victory to restore investor confidence.'
'This will just push Phillip Brothers to the forefront, which will better conceal the actions of the Galaxy Fund.'
Xia Yu said indifferently.
Afterwards, his gaze swept over the faces of the crowd, and he commanded, 'Each of you originally had a corresponding investment team in charge, and that remains unchanged. Xue He, you will have to work a little harder. You are in charge of implementing the plan on the Philip Brothers side.'
'Understood!'
Next, Xia Yu dealt with some of the problems of the crowd on the spot. After the meeting, everyone quickly got to work in their respective roles.
Xia Yu returned to his office, thought for a moment, picked up the phone and called Elena. After chatting about everything under the sun, Xia Yu informed her of his judgment on oil futures and asked her to relay it to her father, Duke Carter Howard.
After all, the market for oil futures was too huge for one person to make all the money. It was time to return the favour.
As long as Duke Carter Howard profits from this, he will always repay Xia Yu at some point.
As for George Berkeley, Xia Yu did not notify him, after all, the Bright Fund does not have a branch in the United States and cannot participate in long oil futures.
At present, the world has and only has the New York Mercantile Exchange in the United States listing oil futures contracts. According to historical trends, the UK will not list light diesel fuel futures contracts until next year at the earliest, and will compete with the New York Mercantile Exchange in a differentiated manner.
After arranging the oil futures, Xia Yu became a bit more relaxed, and had more time to pay attention to the US political situation. Occasionally, he played golf when invited, and attended cocktail parties to expand his network.
Until the day of September 18th.
Xia Yu was in the office studying the US entertainment media market, when two knocks on the door woke him up.
He looked in the direction of the sound, and saw Xue He standing in the doorway, beaming, holding a folder.
Xia Yu's mouth curled up slightly, and he nodded to Xue He, indicating for him to come in.
Xue He walked quickly in, still talking, 'Boss, it took a total of 18 days, and all of the shares of all the shareholders of Solomon Brothers have been acquired. Here are all the agreements and certificates of equity for you to review!'
'Good!'
Xia Yu couldn't help but applaud Xue He, his eyes full of appreciation.
Hearing his boss praise him, Xue He's face was full of a smile, but he kept saying modestly, 'It's your guidance that's good, boss.'
Xia Yu smiled and said to Xue He, 'I'll take a look first, so find a place to sit and help yourself to some tea.'
'Yes, boss!'
Xue He immediately replied, then walked over to the side to make tea. After it was ready, he poured a cup for Xia Yu first, then poured one for himself, sat on the sofa and waited, occasionally looking at Xia Yu.
Since Solomon Brothers was a partnership, it was not listed on the stock exchange, but it had many shareholders, a total of 19.
However, most of these 19 shareholders held very small stakes, ranging from 2% to less than 1%, and only the senior management and key personnel who had made significant contributions to Solomon Brothers were eligible for equity ownership. The general middle and senior management only had the right to bonuses and dividends.
There were only five real core major shareholders, and together they held 86.3% of the company.
The real challenge in acquiring Solomon Brothers was to get the five major shareholders.
After these five shareholders were taken over, the other scattered shares were easily bought.
In the end, Philipp Brothers had to pay a purchase price of 314 million US dollars.
Of the 314 million US dollars, all the shareholders of Solomon Brothers received 275 million US dollars in total, distributed according to the proportion of their shareholdings.
The remaining 39 million dollars was paid to Goldman Sachs as a commission, which was relatively speaking extremely high, but also well deserved.
Goldman Sachs took only 18 days from receiving the order to formulating a plan to completing the task, and managed to reduce the price to 275 million dollars, so they were definitely entitled to the money.
If Goldman Sachs had delayed the completion of the equity acquisition for a month, the price would not have been able to be lowered below 300 million US dollars. They would have been lucky to get a commission of 5 million US dollars, and if the deadline was exceeded, Goldman Sachs would have to pay compensation according to the special contract.
Overall, in Xia Yu's opinion, this deal was cost-effective and the money was well spent.
After reading through each individual share transfer agreement, Xia Yu's gaze fixed on the last one as he flipped through the pages. The figure of one of the world's ten wealthiest people in later life came to mind.
Michael Bloomberg, the father of Bloomberg!
This person in later life had a net worth of more than 50 billion US dollars, and at one point he had been ranked in the top ten on the Forbes global rich list, and even when he was a little behind, he was still hovering around the top ten. He was definitely a big shot among big shots.
But now...
Looking at the share transfer price on the contract, Xia Yu couldn't help but smile.
4.95 million US dollars!
This is the amount Michael Bloomberg received for his 1.8% stake.
It's less than one thousandth of his previous peak!
It seems that according to historical trends, when Salomon Brothers was acquired, he at least received 10 million US dollars, but due to Xia Yu's butterfly effect, he has now received only half of that.
However, considering Salomon Brothers' recent losses in the futures market, it is normal for the company's value to have shrunk by half.
'I remember that in a previous life, Michael Bloomberg used ten million dollars as start-up capital to establish the predecessor of Bloomberg L.P., the innovative market system company. Now he only has less than five million, and I don't know if he can succeed again.'
'But...'
Thinking about this, Xia Yu felt that betting against Michael Bloomberg's success was indeed too risky. If he really created Bloomberg L.P. and gained the support of the Wall Street bigwigs, his Jiuding News Agency would have a hard time.
And with Michael Bloomberg's abilities, this risk is really quite high.
To paraphrase a quote from Michael Bloomberg's self-assessment, he is 'the one in the financial industry who knows computers best, and the one who knows computers best understands finance.' Although this statement has a certain element of bragging and exaggeration, it is true from a certain perspective.
Of course, for now, Xia Yu, the BUG character, must be excluded.
Back to the topic.
At present, although there are quite a few news agencies in the United States, they are all biased towards the political field. There are half of the news agencies in the financial and commercial fields, and it is Xia Yu's Jiuding News Agency.
Now Jiuding News Agency is attacking this market strongly. He has ordered Yan Wenhan to cooperate with Seattle Computer Systems to develop a financial information service terminal.
If Bloomberg really came out, considering Xia Yu's habit of eating alone, the bigwigs on Wall Street would fully support Bloomberg in competing with Jiuding News Agency for the market if they saw even a glimmer of a chance, in order to share the spoils.
'Dongdongdong...'
Xia Yu's face was thoughtful, and his middle finger subconsciously tapped the table, attracting Xue He's attention.
When the latter saw the expression on his boss Xia Yu's face, he thought something was wrong, and his heart couldn't help but rise, feeling that his boss's pre-rain Longjing wasn't fragrant anymore.
'None of these methods will work. The safest way is to keep him under control. The specific methods are up to you to decide, but the key is to keep him tied up for life.'
As one bad idea after another was dismissed from his mind, Xia Yu finally made a decision after two were left.
He put down the materials and waved at Xue He, 'Xue He, come here.'
Xue He immediately got up, came to sit in front of Xia Yu, and waited with bated breath for Xia Yu's order.
'Are all the employees of Solomon Brothers still here?'
As soon as Xia Yu finished speaking, Xue He immediately nodded and replied, 'Yes, as you instructed, all the employees are still here.'
Afterwards, he felt that something was amiss and added, 'However, quite a few major shareholders who are also executives have been urging me to take over the company as soon as possible. At most, I can delay it for half a month, and then people will start to leave.'
Xia Yu nodded with a smile: 'Very good, it doesn't need to be half a month, as long as no one leaves.'
'In that case, you will convene a meeting of all the senior management of Solomon Brothers in the name of Philipp Brothers. Set the time for tomorrow morning at 9 o'clock. I will go with you then.'
Xue He immediately replied loudly, 'Yes!'
After thinking for a moment, Xia Yu added, 'By the way, before you leave work this afternoon, give me a list of all the staff at Solomon Brothers.'
'If there are no problems, you should get on it right away.'
'No problem, boss, I'll get on it right away.'
'Yes, go!'
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