Back To 1995

   Chapter 352

   "You should have heard that my hedge fund, as well as several Wall Street institutions, are shorting DoubleClick companies!"

   Creamer took out several documents from his carry-on bag and put them in front of Carl Icahn, "We admit that Bruno Song is a genius in the Internet industry, but..."

   "Like director Carl Icahn, I believe that the interests of all investors should be protected, not just for major shareholders!"

   Creamer slapped Carl Icahn's flattery, and when he saw the old man's face, Carl Icahn showed a slight smile, knowing that the flattery was right.

Carl Icahn does not think that he is the hungry wolf of Wall Street, but the "guardian" of all small and medium-sized investors on Wall Street. It sounds very crap, but this thing is really calculated by the media, and there are Carl Icahn haunts. Stocks, small and medium-sized ordinary investors have greater returns.

This makes small and medium investors willing to follow Carl Icahn. Often when Carl Icahn releases the wind, a large number of people charge into the battle, which makes Carl Icahn only need to use a part of the funds to disrupt the companies that are turned upside down, and even turn the world upside down. The presidents of those big companies were all ousted, which also caused headaches for those big shareholders.

   Just now, Carl Icahn called Motorola President Sandel, just to ask Sandel to let him join Motorola's board of directors and let Motorola launch a huge repurchase plan, otherwise he will be ousted!

After a flattery, Creamer continued, "I'll admit that DoubleClick is one of the best companies on the internet, but its founder, and current management, is by no means the best, Bruno. Everything Song did, the way he treated his partners, the dispute with the Trade Commission, etc.

   has shown that he is not suitable for the current position, maybe he and Whitman's gang of executives, all leave the double-click, it is the best result! "

   Creamer said excitedly, shorting the Double-click company, if the founder and executives of Double-click are driven away, then he can be said to have become famous in the first battle, and the entire Wall Street is expected to re-know him Creamer.

Carl Icahn looked at Creamer who wanted to express himself in front of him. Creamer's thoughts and Carl Icahn could see clearly. Action, let everyone know him, and Carl Icahn did it, the TWA World War I made Carl Icahn completely famous, and of course the huge income of $500 million, as for whether Creamer can do it, He doesn't know.

  Carl Icahn looked at the document that Creamer brought over. After a few glances, Carl Icahn couldn't help but be a little surprised. Carl Icahn didn't pay too much attention to Internet companies before.

After all, the Internet is at its hottest time. Although the stock prices of Netscape, Yahoo, AOL and other companies have been seriously inflated, although old Carl is a hungry wolf, he is not stupid. Everyone knows that Internet companies have support behind them. The person is the entire Wall Street institution, and Carl Icahn doesn’t want to die with the Goldman Sachs companies.

   But when it comes to investing in Internet companies, Carl Icahn is also not very interested. The way he plays is not less profitable than Internet companies, and the actual risk is smaller.

But Carl Icahn's eyes couldn't help moving when he saw the data of Double-click Company. Different from those in Carl Icahn's impression, Double-click Company's book data is very beautiful, at least in terms of revenue and finance. Super-peers, and now Double-click, which mainly engages in Internet advertising business, data surveys, etc., also seems to have great potential. To put it bluntly, Double-click is a company that wears the skin of the Internet, but is somewhat biased towards the traditional advertising industry.

Double-click the company's current market value of 600 million US dollars, it is definitely inflated, but with the current Internet market, compared with Netscape, Yahoo, AOL, Lycos, etc., Carl Icahn keenly feels that now he has to double-click the stock price, or even Some "low"!

   Closing the materials, Carl Icahn pondered for a moment and said to Creamer, "How do you want to cooperate?!"

Hearing this, Creamer's spirit was shocked, "I would like to ask Icahn to join our plan, publish a short-selling report on Double-click, let Double-click start a repurchase plan, and then initiate a short sale on Double-click. , let Bruno Song, Whitman, etc. leave DoubleClick."

   Creamer stated his plan, which is to force Double-click to initiate a repurchase first, so that the stock price will increase. At this time, continue to short and cut leeks.

   But Creamer didn’t want to just make a US dollar from the company, but wanted to play a big game, forcing the company’s management to step down and reorganize the board and management of the company.

   "Director Carl Icahn, I have no interest in Double Click Company. If the plan is completed, I would like to nominate you as the President of Double Click Company!"

"Oh?!"

  Carl Icahn showed a bit of interest. He didn't expect Creamer to put forward such a condition.

   Creamer did this as a last resort. If he wanted to continue shorting the Double-click company, he needed a lot of money, and his hedge fund was also a little out of control.

   On the other hand, if he wants to drive Song Yang and Whitman and other executives out of DoubleClick, Creamer knows that he is probably not qualified at all, and Wall Street will definitely not support him.

   Creamer also knew in his heart that despite the fact that DoubleClick’s stock price seems to be sluggish now, it is basically impossible for Wall Street to drive Song Yang away from DoubleClick for this reason.

  So today I want to invite Carl Icahn, on the one hand, I want to use Carl Icahn's funds, and on the other hand, I want to use Carl Icahn's influence to achieve his goals!

  Carl Icahn heard Creamer's words, neither agreed nor objected. After a while, he looked at Creamer and said, "I will consider this matter!"

   Seeing that Carl Icahn did not agree immediately, Creamer couldn't help but said, "Director Carl Icahn, this matter cannot be delayed. If it is delayed until the end of Double Click's antitrust lawsuit in New York, it may be very unfavorable to us."

   Creamer also knows that the situation of Double-click company is constantly improving. Once the current predicament has been overcome, it is probably impossible to go short and reorganize the double-click board of directors.

   "I'll consider this, and Icahn will call to let you know!"

After finishing speaking, Carl Icahn took out the document and looked at it again, as if he did not intend to talk to Creamer any more. Seeing this, Creamer could not help but squeeze his fist, but he still lowered his head towards Carl Icahn. He shook his head, then turned to leave.

  It wasn't until Creamer left that Carl Icahn raised his head again, glanced at where Creamer left, and shook his head with a smile.

  Carl Icahn could see that Creamer was an ambitious person, and this time he was admitted, mostly because he wanted the Icahn company to carry him a sedan chair.

But looking at the information of Double-click Company in front of him, Carl Icahn feels that it is indeed an opportunity, especially Double-click Company. If it continues to develop with the current Internet market, maybe it will become a piece of fat. After a few years, The market value of Double-click is probably far more than it is now.

Looking at the few pages of documents in front of him, Carl Icahn couldn't help but think of Song Yang. He never fought an uncertain battle. The double-click that Creamer saw was an opportunity for him to take advantage of, but Carl Icahn did not. It feels like a hard bone.

The key point is that Song Yang is a major shareholder of DoubleClick. After DoubleClick's listing, although the shareholding has been dispersed a lot, Song Yang is still firmly in the position of the major shareholder. The second largest shareholder, WPP Group, is also obviously similar to Song Yang. Advance and retreat together.

  When Carl Icahn was short of TWA, the management of TWA at that time had less than 2% of the total equity, allowing Carl Icahn to easily occupy the nest, but this time is different.

And Song Yang's character, not to mention, just looking at this time, he would rather file a lawsuit, risk being split or even delisted, rather than bow his head to reconcile, he knew that Song Yang was definitely impossible, and he would easily quit Double Click Company. Yes, in the case of Jobs and Cisco being kicked out of their companies, Carl Icahn couldn't see the chance to happen to Song Yang.

   After thinking for a while, I don't know what I remembered, Carl Icahn suddenly smiled, who said that he can only short-sell, and there is not only one way to make money, and there may not be only one partner!

   Picking up the phone on the table, Carl Icahn called the financial director of Icahn Company, "Prepare a fund, I will use it anytime!"

After Creamer left Carl Icahn, he made a low-key visit to a number of hedge funds and short-selling institutions, including Bridgewater Fund, Castle Fund, Tiger Fund, Soros' Quantum Fund and many other Wall Street hedge funds. Modu visited them one by one and directly promised Creamer's no, but some hedge agencies said that they would act with Creamer's hedge fund at the "appropriate" opportunity.

  When Creamer was running around, Kravis, president of KKR Group, also walked into the door of Double Click New York.

When entering Double Click Company, Kravis couldn't help thinking that Song Yang, who invited him to come, had previously started cooperation with American Telecom through Enron, Kravis' KKR Group. At that time, Kravis was very concerned about the cooperation with Song Yang. , more to make a fortune.

But now, in just half a year, Song Yang's net worth has soared again, and he has his own media and television station, is implementing Bill 230 on Capitol Hill, and stubbornly slapped the Trade Commission. Some can't imagine.

This time, when Song Yang came to KKR Group, Kravis instinctively smelled an unusual breath. At this juncture, Song Yang did not try his best to deal with the lawsuit. Instead, he brought in KKR, a Wall Street "stirmaker". To do something, Kravis rushed over without any hesitation.

   "Song!"

When    saw Song Yang, Kravis immediately hugged Song Yang, "Song, I would like to congratulate you in advance for solving the trouble of Double-click Company. Wall Street is talking about Double-click Company's lawsuit, you guys won this time!"

   "Thank you," Song Yang said, looking at Kravis, "but there may be more than one kind of trouble."

   (end of this chapter)