Beiyang 1917

Manhattan Industrial Bank, as the controlling shareholder of the new Pfizer, sent Vivienne to participate in Pfizer's board of directors as a major shareholder representative, but the company's daily operations were still handed over to Pfizer's original team.

Soon the four-member board of directors elected 61-year-old John Anderson to continue as the chairman of the new board of directors. Agenda for a meeting.

Looking at the old Anderson and Vivienne who were staring at him eagerly, it is impossible for this guy to hide and relax. You, the partner of the major shareholder, are here. If you don't speak, who would dare to speak indiscriminately?

Wang Geng sighed, and brought up the second topic, which is that the new Pfizer will issue corporate bonds.

Now Amy Pfizer, who was re-elected as the president of the company, couldn't help asking,

"Wang, what you told Anderson at the beginning was that the new technology of citric acid can reduce the cost to 30% of the original, and the output can be increased to three times the original. In this case, our funds should be sufficient, why do we need to issue bonds? "

"It's like this. In my plan, Pfizer's citric acid products will monopolize the US market in the first year, and the production must be increased to 2200 million pounds or more. Originally, only about 200 million additional working capital is barely enough!"

Wang Geng paused, took out the cigars he bought on the way out of his pocket, rubbed them, and continued,

"However, considering the necessary investment for Pfizer to adopt militarized management in the future, plus the second product after citric acid, I also plan to hand it over to Pfizer's laboratory for research and development, and at the same time create momentum for the new Pfizer's reorganization and new citric acid , I recommend that the board of directors pass a resolution to issue corporate bonds."

"Of course, the motion was proposed by Vivienne on behalf of Manhattan Industrial Bank!" Wang Geng said while lighting a cigar.

"Militarized management?" Amy and James said in surprise.

"There are new products so soon?" James Curry suddenly felt that the 2% shares were a bit difficult to get!The citric acid is not done yet, and the boss is about to develop the next product, so he must be exhausted?

Anderson frowned, while Vivienne opened her confused eyes wide.

There was a lot of chatter in the meeting room, obviously everyone couldn't keep up with Wang Geng's rhythm.

"That's right, Pfizer is going to implement militarized management. The new manufacturing process of citric acid is the lifeline of Pfizer in the future. If our secrets are dug out by competitors through various means, or our employees accidentally leak the secrets, then What it means to Pfizer, everyone here knows better than me!"

"Pfizer's employees are all loyal veterans. I trust them! There is absolutely no need for militarized management. Pfizer's human touch is the most important characteristic of our corporate culture!"

There was a trace of dissatisfaction in Amy's voice!

"Amy, I think what Wang said makes sense. In fact, what I've been worried about is that the secrets of the new technology will be leaked out. When we monopolize the market and become the target of public criticism, competitors and commercial spies will be as hard to detect as flies. Follow us!"

Anderson's steady voice sounded, the old man cleared his throat, and continued,

"I don't think there is a contradiction between militarized management and humane management. I believe that every employee who truly loves Pfizer will give support and cooperation!"

James and Jasper, who were present here, applauded.

As the main force of scientific research in the laboratory, how to prevent their scientific research results from being inadvertently stolen by others has always been a concern for them. Now Wang Geng officially proposes to use militarized management to ensure safety, which is in the hands of the two!

"In fact, the old factory in Brooklyn is not a suitable production base. The personnel situation there is complicated, there are many floating population, and the security situation is relatively poor. The new Pfizer production base should eventually be placed outside New York!"

Wang Geng's words were not shocking, and he kept dying. As soon as these words came out, the whole audience became a pot of porridge.

"Wang Geng, have you considered that most of Pfizer's employees, especially those in the production workshop, are locals in New York. If you relocate the factory outside New York, what will they do? Everyone's home is here!"

Vivienne is obviously slowly getting into the role, expressing the worries in the hearts of everyone on the board of directors!

"I've also thought about this issue. At that time, we can open a direct shuttle bus from the factory to New York to take employees to and from get off work every day," Wang Geng said calmly.

"Will everyone spend too much time on the road? Some employees' families need to be taken care of..." Amy's voice sounded again.

"Employees who really have difficulties can be arranged to work in warehousing and logistics positions near New York after training. Pfizer's headquarters and marketing department are still in Manhattan, New York!" Wang Geng waved his hand disapprovingly!

"I think it's okay. After all, there are only more than 300 employees in the production workshop in Brooklyn. If we can really monopolize the American market in the future, there will be far from enough manpower. At that time, the new production base can recruit local workers nearby. The old employees in New York Just like what Wang said, you can transfer and arrange to work near New York!"

William, the new vice president of Pfizer, also stood up to support Wang Geng, and he quickly accepted the idea of ​​Wang Geng, a major shareholder who fell from the sky.

Soon, Amy gave up the argument, and the board of directors of the new Pfizer passed the decision that the production base would be militarized. Then, there was another dispute over the scale of the bond issue.

According to Wang Geng's intention, a one-year US$1500 million Pfizer bond was issued with an annual interest rate of 7%, which was 1 percentage point higher than the bank's three-year fixed deposit interest rate at this time, and higher than the current one-year deposit interest rate in the United States. 4.5% is almost twice as high!

"Wang, the debt of 500 million US dollars is too high. The fixed assets of the new Pfizer are only 600 million. The invention of the new citric acid process can only be regarded as an intangible asset. If Pfizer goes to Wall Street to issue a bond of 600 million US dollars, it may still be able to try. Give it a go, issue $1500 million...

It can't be sent out at all, and the interest rate is too high!Now the bank loan interest rate is only 7%, so why should we issue bonds? !Direct Mortgage Ready! "

The vice president, William, is usually in charge of the company's finances, but this time he stood up and expressed his doubts!

"Mortgage loans and other things are not within the scope of New Pfizer's consideration at all. I just want to let investment bankers across the United States see that our New Pfizer is a big gold mine with unlimited future, and we will be in charge of the future citric acid market in the United States. We don’t need mortgages, our bonds will become the dazzling star in the bond market just like Pfizer’s!”

Wang Geng said arrogantly, while lowering his voice,

"When we become the king of the US citric acid market next year, we will issue another 5000 million US dollars of medium and long-term bonds. We will let our customers know that holding Pfizer's bonds is equivalent to holding a steady stream of bonds. A gold mine being mined!"

"In this case, why don't we simply issue shares to make the company public?" Amy's voice sounded.

"Cut..." Wang Geng thought in his heart that this second generation ancestor is out of his mind today, can't understand such a simple truth?

"Amy, Pfizer is now on the eve of taking off. It is a big mistake to share the original stock with others when it goes public. After Pfizer grows stronger, we can issue shares at a premium of at least 10 times, and now the premium is at most 1.5 times. No one will buy it yet!"

Anderson frowned in dissatisfaction, and while explaining, he glanced at Amy Pfizer, thinking that you are not usually so dull, why did you mess up in front of Wang Geng today!

"Don't worry about not being able to issue the bonds. Manhattan Industrial Bank will act as the underwriter and underwrite the remaining part after the public market sale. Of course, I will not waive the 1% underwriting fee for you. Manhattan Bank has to support everyone. Ziren! Which company executive director have you ever seen put the general manager on his arm as a secretary?"

"In addition, the 1500 million US dollars of Pfizer bonds will be issued on Wall Street through bidding, that is, the upper limit of the bond's interest payment after one year is 7%, but the lower the quotation, the greater the hope of buying it! Whoever bids 4.5% interest rate, I will sell them all to him now! Of course, Pfizer will still have to settle the account with Manhattan Industrial Bank at the rate of 7% + 1% and 8% interest, and the difference between the prices will be the profit of Manhattan Industrial Bank!"

Even Anderson didn't necessarily think that Manhattan Enterprises could sell 7 million US dollars of bonds at a coupon rate of 1500%. Now that Wang Geng said that he would bid to earn the difference, almost no one on the Pfizer board of directors believed it!

Although Vivienne was a little uneasy, the matter of issuing bonds was settled like this.

Then Wang Geng and Anderson quickly signed an agreement for Manhattan Industrial Bank to underwrite 1500 million Pfizer bonds.

As soon as the agreement was signed, Wang Geng packed his briefcase and was about to leave. Now that the board of directors of Pfizer quit, Anderson directly stopped the guy,

"Wang, how can you go, militarized management, the next work arrangement, the new technology of citric acid, this and that must not wait for you to decide?"

Unexpectedly, this guy grinned and said,

"Confidential things like the new citric acid process cannot be leaked until you have formulated the militarized management regulations. You must first establish a strict document review system. In theory, not a single hair from the laboratory can be taken out. A fly, in theory, can't fly in. When you finish it, when will I bring the information and explain it to the doctor and assistants!"

"The militarized management plan, the location of the new production base, the new Pfizer's media promotion plan, etc., you can all come up with these plans! John, you are the chairman of Pfizer, I said that the new Pfizer will be handed over to you to lead, don't Come to me for anything! Do you know how much a minute a partner of Manhattan Industrial Bank is worth in dollars!"

"From now on, if you have anything to do, go directly to Vivienne. She is the director of your Pfizer and the representative of the major shareholder. If you don't look for her, who do you go to? But I can't leave her to you today, and you can look for her when she is free. , this is her business card, this is my business card! Don't hit me if you have nothing to do."

Wang Geng dragged Vivienne who didn't know what to do, and walked away on his own, leaving Pfizer and his gang in a daze in the conference room.