Beiyang 1917
Chapter 31
"Young man, don't test my patience over and over again! I, Jack, am not a patient and good-tempered person in New York!" Apparently Jack Morgan was a little impatient.
"I will own 65% of Pfizer, and the company will have total assets of $3000 million in three years, and annual profits of $3000 million, for a weight that brings in $3000 million a year. Super Cash Cow!"
Wang Geng grinned, and said slowly, "How much do you plan to pay to get... 49% of all the shares I own! Forgive me for not giving up the controlling stake!"
"That's almost 32% of Pfizer's shares. Even if your invention is worth $1120 million, plus Pfizer's total assets of $600 million, 32% is $550 million?"
Jack Morgan asked hesitantly. He didn't believe that Wang Geng would accept a bid of only 550 million US dollars, which is equivalent to 550 million US dollars of original shares with a face value of 1!
The problem is that if Pfizer goes public, it will inevitably issue at a premium. Which company will issue shares based on the value of net assets per share?
"If it's $1 a share, I don't need to find you at all. Bankers all over the streets in Manhattan, New York are waiting to snatch the deal. To be honest, I want to set up an investment bank registered in New York, USA, and then let this bank hold Pfizer. 65% of the shares!"
"As for you or my other partners, you can invest in my investment bank. I can take up no more than 49% of the shares to meet the needs of partners. As I said, I don't intend to give up my controlling position. I hold It doesn't make sense to me to have 49% or 1%."
Wang Geng looked straight at the head of Morgan in front of him, not afraid of the murderous look and anger in his eyes like a falcon.
"Young man, even if you have an amazing invention, Pfizer can take off like a phoenix, but investment is a profound knowledge. At your age, no matter how talented you are, it is difficult to control and run an investment bank well! I We must consider the safety of Morgan's investment!"
Jack Morgan suppressed the anger in his heart, and his attitude was actually very low. The controlling stake in investment companies has always been the primary goal of the Morgan family. On the contrary, he has always respected professional management teams for the management rights of real industries.
In other words, Wang Geng can charge a high price for his invention, but the controlling stake must be in the hands of Morgan. The shares and controlling rights still remain in the hands of the Edison family.
The question is, can this young man in front of him be compared to Thomas Edison?Jack felt that he couldn't convince himself to hand over the controlling stake and let Wang Geng lead him by the nose.
Wang Geng seemed to have expected that there would be a huge disagreement between the two parties in terms of controlling rights, but this guy was not in a hurry, and said with a smile,
"Employees don't doubt, suspects don't. I spent half an hour solving the problems that Edison couldn't solve. I also solved the new technology of citric acid that Pfizer may not be able to solve in a few years. In terms of experience, of course I can't compare with you, but I have enough confidence in choosing projects!"
"To tell you the truth, citric acid is just a gadget in my eyes. It's just a transitional turnover to exchange a few cigarettes. I have already thought about the products after Pfizer's citric acid. The main direction is the medical field. It is definitely a military-civilian dual-use strategy. Materials, when the time comes, it will not be as simple as eating a few lemon lollipops, and Pfizer will set off a revolution in the field of medicine by then!"
Wang Geng threw out the last bait, Nima, believe it or not, I can't fool you, I will go to the Rockefeller family and the Mellon family!
Jack Morgan stared at Wang Geng fiercely, and there was a huge turmoil in his heart. The yellow-skinned monkey in front of him was either a super genius who fell from the sky, or he was the biggest liar in history!
The problem is that, as the head of the Morgan consortium, I am 50 years old, and my majestic Jack Morgan is so excited to be fooled by this kid!
After a while, Jack Morgan let out a long breath, and said in a muffled voice,
"Fuck you! Kid, set a price for your 49% stake in the investment bank! If it's too much, I'll slap my ass and leave! Old Jack can do something or not!"
"I regard you as the most important partner. Since it is a partner, it must be a mutually beneficial partner. The new investment bank has 49% of the shares. What do you think is 2200 million US dollars? The capital is too small It doesn't match your status with JP Morgan's!"
This is equivalent to Wang Geng’s citric acid new technology worth 51% of the investment bank’s shares, while Morgan’s US$ 2200 million only bought 49% of the bank’s shares, which is equivalent to investing 2200 million in Wang Geng’s investment bank and indirectly obtained Pfizer's shares are close to 32%, and of course 7% of the shares have been given to Anderson and his Pfizer management by Wang Geng as an option!
In fact, in the end, Morgan & Co indirectly holds 25% of Pfizer shares, Wang Geng holds 26% of Pfizer shares, and Wang Geng will also have a controlling stake in a newly established investment bank, as well as a 2200 million share capital 51% property rights and 100% use rights.
This account seems to be a maze to a layman, but it is actually quite simple and clear to a veteran investment banker like Jack Morgan.
Faced with the shareholding plan designed by Wang Geng, Old Jack had to lament that Jiangshan paid for it on his behalf. Although the real money of 2200 million U.S. dollars had to be paid by him, at this moment, his confidence in Wang Geng was even stronger.
"It's only 2200 million U.S. dollars. If Pfizer can really achieve an annual profit of 3000 million U.S. dollars in three years, then the 2200 million U.S. investment is definitely worth it! What's more... this kid said that there is actually a new product that is more powerful than citric acid." The product is hidden in the back!" Jack thought to himself, and couldn't help but frowned all the time!
"How about it, if I'm a super liar, your investment of 2200 million US dollars may really be in vain." Wang Geng laughed and joked.
"Old Jack really wants to see what a liar who can fool Thomas Edison and John Anderson, two old foxes, and me, Jack Morgan, looks like! But I don't think you can be this liar! $2200 million! In exchange for 49% of your investment bank shares!"
The head of Morgan Corporation finally made the final decision. The fat American financial czar stood up and gave Wang Geng a high-five as an oath.
While clapping his hands, Jack Morgan was muttering in his heart, he just came out to have lunch, and he was coaxed away 2200 million dollars by this kid. Is this the most peculiar investment experience in his decades of financial investment career?
"Wang Geng, from now on, you have to pray that you are not a liar. Old Jack and Morgan have always been kind to their partners, but they are never soft on liars!" Jack intentionally lowered his face and threatened Wang Geng viciously!
Unexpectedly, Wang Geng wasn't fooled at all, he just shook his finger with a smile to show that he wasn't scared too much!
"Wang Geng! What kind of cigarette money have you cheated from him again? Hurry up and return it! This gentleman is not something you can easily offend! He stamped his feet, not to mention the whole of Manhattan, New York, even the whole of America! "
Nurse Kelly, who just came back from the bathroom, happened to hear Jack's last gnashing of teeth, her face paled with fright, she rushed up and grabbed Wang Geng's arm and complained anxiously.
"Hahahahaha" Wang Geng and Jack Morgan looked at each other and laughed.
"Young man, now is your time, such a beautiful and young nurse loves you, don't miss the opportunity"
While talking, Jack Morgan took out a business card and handed it to Wang Geng, saying seriously,
"If Pfizer's board of directors passes the resolution you expect this afternoon, then I will be waiting for you at home tonight! Our cooperation will be officially established!"
"No problem, I'll be there! Jack, if the Pfizer board doesn't pass the resolution you and I expect, that's exactly what I want! Anderson and his team will work directly for your new or acquired company, and we're not just Own 65% and we'll own 100%!"
Wang Geng's tone was full of self-confidence and affirmation that he had no plans to spare!
And the nurse Kelly next to her was stunned, and she just went to the bathroom by herself. Has this guy really reached a deal with the boss of Morgan's company?
After listening to Wang Geng's last words, Jack Morgan finally let go of the stone in his heart. Obviously, this young man has enough follow-up responses to various situations that may arise!
This made the head of JP Morgan, deep in his heart, feel that, yes, it is what the Chinese often say, that Bole is as happy as discovering a thousand-mile horse!
"I will own 65% of Pfizer, and the company will have total assets of $3000 million in three years, and annual profits of $3000 million, for a weight that brings in $3000 million a year. Super Cash Cow!"
Wang Geng grinned, and said slowly, "How much do you plan to pay to get... 49% of all the shares I own! Forgive me for not giving up the controlling stake!"
"That's almost 32% of Pfizer's shares. Even if your invention is worth $1120 million, plus Pfizer's total assets of $600 million, 32% is $550 million?"
Jack Morgan asked hesitantly. He didn't believe that Wang Geng would accept a bid of only 550 million US dollars, which is equivalent to 550 million US dollars of original shares with a face value of 1!
The problem is that if Pfizer goes public, it will inevitably issue at a premium. Which company will issue shares based on the value of net assets per share?
"If it's $1 a share, I don't need to find you at all. Bankers all over the streets in Manhattan, New York are waiting to snatch the deal. To be honest, I want to set up an investment bank registered in New York, USA, and then let this bank hold Pfizer. 65% of the shares!"
"As for you or my other partners, you can invest in my investment bank. I can take up no more than 49% of the shares to meet the needs of partners. As I said, I don't intend to give up my controlling position. I hold It doesn't make sense to me to have 49% or 1%."
Wang Geng looked straight at the head of Morgan in front of him, not afraid of the murderous look and anger in his eyes like a falcon.
"Young man, even if you have an amazing invention, Pfizer can take off like a phoenix, but investment is a profound knowledge. At your age, no matter how talented you are, it is difficult to control and run an investment bank well! I We must consider the safety of Morgan's investment!"
Jack Morgan suppressed the anger in his heart, and his attitude was actually very low. The controlling stake in investment companies has always been the primary goal of the Morgan family. On the contrary, he has always respected professional management teams for the management rights of real industries.
In other words, Wang Geng can charge a high price for his invention, but the controlling stake must be in the hands of Morgan. The shares and controlling rights still remain in the hands of the Edison family.
The question is, can this young man in front of him be compared to Thomas Edison?Jack felt that he couldn't convince himself to hand over the controlling stake and let Wang Geng lead him by the nose.
Wang Geng seemed to have expected that there would be a huge disagreement between the two parties in terms of controlling rights, but this guy was not in a hurry, and said with a smile,
"Employees don't doubt, suspects don't. I spent half an hour solving the problems that Edison couldn't solve. I also solved the new technology of citric acid that Pfizer may not be able to solve in a few years. In terms of experience, of course I can't compare with you, but I have enough confidence in choosing projects!"
"To tell you the truth, citric acid is just a gadget in my eyes. It's just a transitional turnover to exchange a few cigarettes. I have already thought about the products after Pfizer's citric acid. The main direction is the medical field. It is definitely a military-civilian dual-use strategy. Materials, when the time comes, it will not be as simple as eating a few lemon lollipops, and Pfizer will set off a revolution in the field of medicine by then!"
Wang Geng threw out the last bait, Nima, believe it or not, I can't fool you, I will go to the Rockefeller family and the Mellon family!
Jack Morgan stared at Wang Geng fiercely, and there was a huge turmoil in his heart. The yellow-skinned monkey in front of him was either a super genius who fell from the sky, or he was the biggest liar in history!
The problem is that, as the head of the Morgan consortium, I am 50 years old, and my majestic Jack Morgan is so excited to be fooled by this kid!
After a while, Jack Morgan let out a long breath, and said in a muffled voice,
"Fuck you! Kid, set a price for your 49% stake in the investment bank! If it's too much, I'll slap my ass and leave! Old Jack can do something or not!"
"I regard you as the most important partner. Since it is a partner, it must be a mutually beneficial partner. The new investment bank has 49% of the shares. What do you think is 2200 million US dollars? The capital is too small It doesn't match your status with JP Morgan's!"
This is equivalent to Wang Geng’s citric acid new technology worth 51% of the investment bank’s shares, while Morgan’s US$ 2200 million only bought 49% of the bank’s shares, which is equivalent to investing 2200 million in Wang Geng’s investment bank and indirectly obtained Pfizer's shares are close to 32%, and of course 7% of the shares have been given to Anderson and his Pfizer management by Wang Geng as an option!
In fact, in the end, Morgan & Co indirectly holds 25% of Pfizer shares, Wang Geng holds 26% of Pfizer shares, and Wang Geng will also have a controlling stake in a newly established investment bank, as well as a 2200 million share capital 51% property rights and 100% use rights.
This account seems to be a maze to a layman, but it is actually quite simple and clear to a veteran investment banker like Jack Morgan.
Faced with the shareholding plan designed by Wang Geng, Old Jack had to lament that Jiangshan paid for it on his behalf. Although the real money of 2200 million U.S. dollars had to be paid by him, at this moment, his confidence in Wang Geng was even stronger.
"It's only 2200 million U.S. dollars. If Pfizer can really achieve an annual profit of 3000 million U.S. dollars in three years, then the 2200 million U.S. investment is definitely worth it! What's more... this kid said that there is actually a new product that is more powerful than citric acid." The product is hidden in the back!" Jack thought to himself, and couldn't help but frowned all the time!
"How about it, if I'm a super liar, your investment of 2200 million US dollars may really be in vain." Wang Geng laughed and joked.
"Old Jack really wants to see what a liar who can fool Thomas Edison and John Anderson, two old foxes, and me, Jack Morgan, looks like! But I don't think you can be this liar! $2200 million! In exchange for 49% of your investment bank shares!"
The head of Morgan Corporation finally made the final decision. The fat American financial czar stood up and gave Wang Geng a high-five as an oath.
While clapping his hands, Jack Morgan was muttering in his heart, he just came out to have lunch, and he was coaxed away 2200 million dollars by this kid. Is this the most peculiar investment experience in his decades of financial investment career?
"Wang Geng, from now on, you have to pray that you are not a liar. Old Jack and Morgan have always been kind to their partners, but they are never soft on liars!" Jack intentionally lowered his face and threatened Wang Geng viciously!
Unexpectedly, Wang Geng wasn't fooled at all, he just shook his finger with a smile to show that he wasn't scared too much!
"Wang Geng! What kind of cigarette money have you cheated from him again? Hurry up and return it! This gentleman is not something you can easily offend! He stamped his feet, not to mention the whole of Manhattan, New York, even the whole of America! "
Nurse Kelly, who just came back from the bathroom, happened to hear Jack's last gnashing of teeth, her face paled with fright, she rushed up and grabbed Wang Geng's arm and complained anxiously.
"Hahahahaha" Wang Geng and Jack Morgan looked at each other and laughed.
"Young man, now is your time, such a beautiful and young nurse loves you, don't miss the opportunity"
While talking, Jack Morgan took out a business card and handed it to Wang Geng, saying seriously,
"If Pfizer's board of directors passes the resolution you expect this afternoon, then I will be waiting for you at home tonight! Our cooperation will be officially established!"
"No problem, I'll be there! Jack, if the Pfizer board doesn't pass the resolution you and I expect, that's exactly what I want! Anderson and his team will work directly for your new or acquired company, and we're not just Own 65% and we'll own 100%!"
Wang Geng's tone was full of self-confidence and affirmation that he had no plans to spare!
And the nurse Kelly next to her was stunned, and she just went to the bathroom by herself. Has this guy really reached a deal with the boss of Morgan's company?
After listening to Wang Geng's last words, Jack Morgan finally let go of the stone in his heart. Obviously, this young man has enough follow-up responses to various situations that may arise!
This made the head of JP Morgan, deep in his heart, feel that, yes, it is what the Chinese often say, that Bole is as happy as discovering a thousand-mile horse!
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