America's Road to Wealth

Chapter 425 A living legend on the planet

As the current chairman of the New York Stock Exchange, Richard Grasso is a heavy hitter on Wall Street.

The man was known for his diminutive stature and extraordinary wit.

When he was young, he did not go to college because of his poor family. After 27 years of hard work, Grasso came to the top position of the New York Stock Exchange.

It can be said that Richard Grasso's life experience is very inspirational.

But this very inspirational big man has been in big trouble recently.

His salary is too high.

A while ago, famous New York newspapers such as the Wall Street Journal and the New York Times disclosed to the public the compensation of the leadership of the NYSE.

Among them, Richard Grasso, chairman of the New York Stock Exchange, will receive a reward of more than 1 million US dollars this year, excluding annual salary.

This level of remuneration has caused huge controversy inside and outside the industry.

Shortly after the "attack" event.

These more serious media have basically the same style of reporting on this news.

The elevator door dedicated to the chairman opened.

For example, the angle of this report by the "New York Post" used "Mr. Smith and his oilman friends" as the title.

The key is that in 1998, in order to fight against the strongest New York Stock Exchange, the American Stock Exchange and Nasdaq, the two stock exchanges have merged to form NASDAQ - AMEX Group Corporation.

There are too many positive factors.

"Good morning, boss."

A large number of stock critics and experts are calling on everyone to hold money and wait to buy.

In other words, they are actually their own.

Stock exchanges are generally not-for-profit institutions.

For these more entertaining media, the headlines and content of the reports are much more explosive.

There must be the chairman of the New York Stock Exchange in front of him.

These news and reports eventually caused great dissatisfaction.

But it was Abel who said these words in front of him, and it was Abel Smith's company that wanted to go public.

At this time, Richard Grasso, who was in a hurry, suddenly received a notification from Smith Capital.

Just like today.

In addition to himself, he really needs such good news recently to increase everyone's optimism about the performance of the New York Stock Exchange.

One is transaction fees, which are often the most important way for stock exchanges to make money.

Who dares to come out at this time to make trouble, let alone those horrible guys on Wall Street.

"Bloomberg": [New York Stock Exchange chairman Richard Grasso claimed that he had a smooth conversation with Mr. Abel Smith that morning.Mr. Smith believes that Richard's contribution to the NYSE is very important and crucial.A large part of the reason why Smith Media chose the NYSE is because of Mr. Grasso...]

And headline parties like "New York Post" and "American Sun".

He doesn't rely on his father and family like other legends.

In the Smith Tower, everyone who greeted Abel had fanaticism and admiration in their eyes.

Among those who most hope that Smith Media can be listed immediately.

Even if you know about the Smith family, they are not as miserable as the media reported.

What's more, the media has always been the dominant position of the Oilers.

Among them, transaction fees accounted for the bulk.

Even though George started quantitative easing to release water, the U.S. stock market has been somewhat sluggish.

Take the initiative to appear in front of Abel.

"Good morning, Mr. Smith!"

If there hadn't been the joint bailout of Abel and Buffett last year, even the stock market crash may have formed.

There are countless people who use him to motivate themselves.

Many superstars in the American entertainment circle who belong to the media circle expressed their views on this matter one after another.

This makes Smith Media, which has not officially announced the news of its listing.

"5 percentage points." Richard Grasso gritted his teeth and gave the quotation directly:
"Mr. Smith, as long as I am in office, I promise that the handling fee for Smith Capital's transactions on the New York Stock Exchange will be reduced by 5% on the current basis."

"Oh, Mr. Grasso, good afternoon. I didn't expect you to come so early. I thought I'd see you in the afternoon."

Abel continued his own life trajectory, and was not disturbed by these news and events.

At this special time.

In fact, since May of the previous year, Grasso's compensation situation has been criticized.

Although Abel, who just got rich and free in early 2000, is similar to the current Abel in appearance.

Smith Media under Abel Smith is about to list on the New York Stock Exchange.

However, no matter how you look at it, this compensation consisting of $4000 million in executive savings, $5160 million in accumulated retirement benefits, and $4790 million in incentive awards is indeed too much in the eyes of many people.

"I believe that Nasdaq and the American Stock Exchange are even willing to reduce by 15%, or more."

Normal people can tell at a glance that Abel, the core of the consortium, is more eye-catching than Abel, who is rich and free.

Richard Grasso laughed heartily, and his short body made a sound that didn't match his size.

At that time, it was reported that Grasso's salary and bonus income in 2000 exceeded 1000 million US dollars, which was dozens of times higher than that of Federal Reserve Chairman Alan Greenspan.

The other is data services, which provide market information to independent information service providers, such as Bloomberg, Shihua, Reuters, etc., and charge information fees.

"Good morning, Mr. Smith..."

In the midst of turmoil.

And there was euphoria in the investment community.

Abel bargained.

Almost half an hour later.

"Okay ok...Mr. Smith, 10%! No problem at all!"

They said that just for this, if Smith Media goes public at that time, its stock price cannot be low.

It is more able to make people surrender invisibly.

As the chairman of the New York Stock Exchange, Richard Grasso has repeatedly promised to open various green channels for the listing of Smith Media.

It's just that the tycoons ignored all these requests.

Perhaps tomorrow, Richard Grasso will step down and resign.

In their hearts, Abel Na is the best interpreter of the American dream since the new century.

The name Abel Smith has once again become the main buzzword in many American media news reports.

"Before you came, I asked David to inform Mr. Sodano and Mr. Greyfield. Maybe they are on their way to Smith Tower now."

It is the beacon, hope, goal and idol of every American who has a dream of wealth.

In the news content, the "New York Post" used their consistent rendering and exaggerated reporting language to report this news.

In the convoy, Abel stepped off the Cadillac monster and walked into the Smith Tower.

Its annual salary will remain unchanged at $140 million, and there will be an "annual bonus" of no less than $100 million.

Along the way, every employee stared at him with eager admiration and awe, and said good morning.

Because he relied on his own talents to achieve wealth, and he relied on a principal of 50 dollars to achieve all of this in the dream city of New York.

It can already be said to be full of sincerity.

But this does not hinder the emotions of these people.

After that things are simple.

Anything less than 5% is less.

Most media players have good noses and can smell this smell.

This is very unreasonable.

God knows how happy Richard Grasso was.

Like the rest of his subordinates.

Wealth, it has such power.

In addition to the NYSE, there are two other stock exchanges in the United States, the American Stock Exchange and the NASDAQ Stock Exchange.

But Americans who understand it are shocked by the boldness of the New York Post this time.

They said it was the richest man in the world, the first real listed company under his name.

"Let me tell you the truth, Mr. Grasso." Abel smiled and said something with a hint of blackmail.

Any stock exchange in the world is willing to give him the green light.

After the merger of these two major exchanges, even the leading New York Stock Exchange will fall behind in many aspects.

But it's not that easy and easy, just let the other party reach their plan.

But its market value in public opinion has far exceeded the US$500 billion of News Corporation and the US$600 billion of Disney Group at the same time...

Speaking of Abel Smith, when you want to invite him to come and talk.

"10 percentage points. 10%, I will choose the New York Stock Exchange with a high probability."

Under the suppression of the New York Stock Exchange, the storm was suppressed.

Industry giants such as Redstone and Murdoch have received a large number of interview requests from non-owned media.

These people know that the listing of Abel's company at this time is itself a matter of expectations.

If the solution is not good, let alone do it in 2007.

What's more, in fact, the New York Stock Exchange can only provide these.

Abel smiled slightly, his face was calm, and he didn't respond.

The name Abel Smith has been remembered and spoken by every American with dreams.

Even though the NYSE stated to the outside world that this compensation plan was unanimously approved by the board of directors and is completely reasonable, legal and compliant.

They also decided to extend Grasso's employment contract for 2 years to 2007.

The listing of Smith Media is a good thing for many oilmen, such as Bloomberg and others.

These two people are often regarded as Richard Grasso's biggest challenger.

So even if there are many people who want to make trouble, the colleagues in the industry are not stupid, and no one stands up to say anything bad.

But for Richard Grasso himself, he really urgently needs to increase the performance and reputation of the New York Stock Exchange through the listing of a star company.

They are enforcers and regulators, but they also make money.

"It's not far from here at 18th Broadway. Smith Media may go public. This kind of news will make all stock investors happy. As the chairman of the New York Stock Exchange, I certainly want to Realize it immediately, so that I can live up to everyone's trust in me!"

The bold reporters and editors of the New York Post also compared George Soros, Michael Bloomberg, Richard Grasso and many other oilmen who appeared beside Abel in their reports. Obscure and dramatic means to describe it.

Then it is the top company that any stock exchange will frantically compete for.

I don't know when it started.

There were too many people greeting Abel along the way.

"Ha ha--"

Already know Richard now, Abe with a bag of shit under his ass.

Grasso himself is effectively a regulator, but gets paid the equivalent of a corporate leader.

They are all reported from the data and the impact on the industry and the American public.

In the Smith Tower, the Smith Media floor.

On February 2002, 2, in Lower Manhattan, in front of the Smith Tower.

"But... 10% is too much."

Because it is too obscure, many ordinary Americans cannot understand it.

"New York Times": [Disney, Time Warner, Viacom, and News Corporation, which has been partially listed.Each of these media giants has a market value of tens of billions of dollars.And now in this list, a new name is about to be added, it is Smith Media.Smith Media's...]

It's not that Richard couldn't hear Abel's words, which contained some blackmail.

This dilutes the industry's and ordinary people's attention to his sky-high remuneration.

It is undoubtedly this kind of performance to let the famous world's richest man, Abel Smith, let one of his star companies go public.

If there is a star company that can boost investors' confidence to a certain extent.

Most of these giants did not say anything about Smith Media's upcoming listing.

Abel nodded slightly, and walked in directly.

However, the NYSE believes that due to Grasso's contribution to the NYSE, he deserves such compensation.

They also said that if its stock price was too low, it would be a disservice to Mr. Smith's reputation as an investment god.

Coupled with the words of Abel's relationship.

The Mr. Sodano mentioned by Abel is Salvatore Sodano, the current CEO of the Amex.

In the United States, there is more than one NYSE stock exchange.

Most of the stock exchanges in the European and American world are private companies, and the demand for profit is also higher.

Even the white house would not agree.

It is very serious and serious, and it is more popular than current affairs news.

After all, the New York Stock Exchange is not the only listing channel for Smith Media.

So at this time, except for Abel and his friends on Abel's side.

"But I want to say that the NYSE is not my only option. I hope you understand that."

In the office, Abel looked at the short CEO of the New York Stock Exchange from a worker's family to a top Wall Street player. He greeted him with a smile.

He may even use his contacts in the NYSE to let other exchanges block this kind of overreaching guy together.

They think that if the stock price is low at that time, Smith Capital will definitely step in to back it up.

After all, apart from the stock market and stock investors, peers and practitioners are the most affected group of people in this matter.

In a very short period of time, it spread throughout the United States.

"Wall Street Journal": [Heavy headlines!The top five in the United States and the top ten in the world, the media group of the richest man is about to go public!Smith Media was revealed to be listed on the New York Stock Exchange in May this year! 】

As a result, the New York Stock Exchange and Richard Grasso have been caught in a huge public opinion storm recently.

Abel stepped out of the elevator, and the two front desk ladies from Smith Media, who were wearing pink and red ol suits, were taken aback when they saw him appear, and then immediately smiled sweetly and bowed slightly.

There is also a company listing, and many stock exchanges will also charge a fee.

Then the next day, all 5 journalists and editors who wrote and reviewed the report of the "New York Post" lost their jobs.

Because the transaction fees of the New York Stock Exchange are not high.

Success and wealth can subconsciously increase people's self-confidence and calmness.

This is the follow-up impact of this news in other aspects, which will not be mentioned here.

This figure also greatly exceeds the total remuneration of the two chairman of the London Stock Exchange and the Deutsche Börse.

A star company like Smith Media, even without considering Abel's influence, is still a favorite of the stock exchanges.

Simply put, because of the influence and changes caused by their experience, power and wealth.

Mr. Greyfield is Robert Greyfield, president of the Nasdaq Stock Exchange.

Generally speaking, there are only a few ways to make money on the stock exchange.

They also have to admit that Abel Smith is a legend in his own right.

Richard needs to make everyone feel that he is worth the money for the sky-high salary.

But if they had the chance to stand together.

The invisible temperament of a successful person will be slowly injected into oneself.The so-called residency and qi nourishment are nothing more than the accumulation of long-term success or high positions, which affect and change one's temperament.

What this cunning oilman said was grandiose.

Richard Grasso is absolutely going to leave immediately.

In the current downturn in the stock market as a whole, Grasso's remuneration this time exceeds the sum of the net profits of the New York Stock Exchange in the past three years.

Within the entire industry, only the stars of the entertainment industry are left singing their praises.

After the disclosure of the compensation plan, it immediately aroused strong controversy.

Some people say that this is an unusual figure.

"Maybe they will arrive here in the afternoon."

This was outrageous, and it caused a wave of public opinion at the time.

But if Abel wants to, he can also list his company on the American Stock Exchange or NASDAQ.

Therefore, in the evening, "Bloomberg", "Wall Street Journal", "American Sun", "New York Observer" and other media, as well as many financial TV stations, published important news for the US stock market and stock market investors. of a news.

From the United States, to North America, and then to the whole world, the name of Abel Smith and his "experience" have become the most talked about by various chicken soup for the soul and inspirational marketing masters.

To put it more bluntly, in fact, in the communication between people, because success brings more confidence and confidence than others, the voice of speaking is naturally loud, and the influence is equally great.

Since Nasdaq broke, and after [-]/[-].

This is what if the boss of an ordinary company wants to go public, but uses this method.

Looking at the old guy who was completely bald in front of him, that sincere look.

Richard Grasso chose to compromise.

Only in terms of scale, compared with the New York Stock Exchange, the latter two are insufficient.

This situation has even spread to the whole world through the United States' strong control and radiation over the world's media.

As soon as Richard came up, he directly cut off 5% of the transaction fee.

Oilers Capital Group is also happy to hear about this matter.

Guarantee that Smith Media can meet Abel's listing needs in the shortest possible time.

Even knowing that Abel was blackmailing, Richard could only make a tearful offer at this time.

The NYSE regulator, who is very busy every day, took the initiative to go to Smith Tower.

Invincible in the American media circle.

The executives of the media group who expanded the scale of Smith Media Group by 50% within one year.

After Abel entered the conference hall.

Everyone fell silent all of a sudden, stood up together in tacit understanding, and greeted him in a low voice in awe: "Mr. Chairman, good morning."

(End of this chapter)