Back To 1995

   Chapter 516

  As an old fox on Wall Street, trying to figure out people's hearts and using emotions to contain opponents is a compulsory course for Paulson and them, and it is always beneficial.

But today, Song Yang was given a special disgrace. What Paulson didn't expect was that Song Yang showed no sign of anger at all. This is obviously different from the upstarts in Silicon Valley. In the words of Mark Anderson, this It might be time to leave the venue angrily.

   "President Paulson's words are serious, and the entire Silicon Valley welcomes you!"

   Listening to Song Yang's words, Paulson always felt that this didn't seem like a good word. If he was really welcome, Song Yang would be able to hang him for so many days?

Paulson let Song Yang and his party sit down, and said to Song Yang with a smile on his face, "Song, Wall Street is also looking forward to your arrival. I have long heard of your genius name on the Internet, I remember back then. When Netscape went public, you came up with the concept of Internet advertising."

This is what he said, but Paulson's words are full of warnings. When he mentions the entire Wall Street, he tells Song Yang that he is here on behalf of the entire Wall Street. He also mentions the half-dead Netscape, which is a warning to Song Yang. , PayPal may be the next Netscape!

Now the lawsuit between Netscape and Microsoft, although the fight is hot, it is not as smooth as imagined, especially after the first day of court, after being turned against the first army by Microsoft, Jim Clark and Bill Gates were brought out. After the fax of the contact, Netscape was even more passive.

Now Netscape is biting its teeth and pulling with Microsoft, but the decline is already visible to the naked eye. After just releasing the results of the first half of the year, it lost 68 million US dollars. After the first loss since its listing, Netscape's market value finally fell. Breaking the $5 billion market value.

   This is not beyond the expectations of the outside world, and even feels that the loss is less, the browser market and users are gone, who does Netscape lose?

   When Paulson mentioned Netscape, he also secretly warned Song Yang that if PayPal could not pass the test this time, it would become the next Netscape.

   Song Yang seemed to be deaf to Paulson's warnings, and his expression remained the same. Song Yang did not take offense to such things as mentality and warnings, and he was mentally prepared before coming.

"Director Bruno, President Swartz, we talked about PayPal last time, and this time President Paulson is here too, just hoping to resolve this matter, Goldman Sachs doesn't want it, because this matter affects the relationship between you and Wall Street. relation!"

Pelle Greene, who was sitting under Paulson, looked at Song Yang and said that the last time he came to talk with Song Yang, Song Yang asked Paulson to come in person, but now that Paulson is here, he sees Song Yang still can say anything.

   "Of course, this is also the purpose of our visit this time!" Aaron Swartz also said.

   "PayPal's transaction fee cannot be changed. This is the foundation of PayPal. PayPal does not oppose other banks to reduce the fee. As for the interest of the PMMF fund, we can reduce a part of it..."

  Aaron Swartz said straight to the point, what is the problem of PayPal competing with other banks, that is, the problem of handling fees. PayPal's low handling fees have robbed many banks of a large number of users.

   And PMMF funds have higher interest rates than other banks, which attracts users to deposit their savings on PayPal and steal business from other banks!

   Hearing Aaron Swartz's words, Pelle Greene couldn't help scratching his head. Aaron Swartz said this, what's the difference from the last time, that is, the wrong pants are farting, and there is only one more procedure.

   The last time he talked to Song Yang about this, they broke up. Who knew that this time Paulson came in person, and PayPal didn't let go.

   "Song, Goldman Sachs, Morgan, Citi and other American banks all welcome the emergence of PayPal, but this does not mean that PayPal can use unfair means to compete maliciously, which is not in line with Wall Street's rules!"

Pellet Greeni turned his attention to Song Yang and said that he wanted PayPal to increase the fees for user transfers and transactions to the same level as banks, or even higher than banks, so that users could stop flocking to PayPal.

   During this period of time, Greeney has watched the development of PayPal. To be honest, he was also taken aback. The willingness of ordinary American users and small and medium-sized merchants to use PayPal for transactions is obviously higher than that of banks.

   Going to the bank to transfer money, you have to wait in line, pay a large handling fee, and sometimes there will be problems, and the bank will only argue.

On PayPal, it only takes a few keystrokes. Whether it is a transfer in America or overseas, it is completed immediately, it can be operated 24 hours a day, the handling fee is much lower, and there is a transaction protection system. , which many banks simply do not have.

Moreover, Pellegrini also heard that PayPal has cooperated with e-commerce companies such as Amazon and eBay before, which can be used as an online shopping channel. PayPal has also obtained a patent called "one-click ordering", and now it only needs to cooperate with PayPal All cooperating e-commerce companies can use this patent.

This patent, Pellet Greene heard, was created by Song Yang a few years ago. At that time, Song Yang only had a Double-click company. If it is true, then Pellet Greene's " "Genius" title, has a new understanding.

Greeney can't say how much this "one-click ordering" patent has any effect, but he heard from Silicon Valley venture capitalists that their praise for PayPal is even higher, claiming that this patent alone will allow PayPal The valuation of the company is directly higher than the small target of 100 million!

  Enron, America Telecom, Comcast, Telephone and Telegraph Group, etc., have also cooperated with PayPal for a long time. Users in Texas can pay natural gas, electricity, mobile phone bills, broadband fees, TV bills, etc. on PayPal.

Now, PayPal is seeking to cooperate with airlines, federal railways, cruise ships, hotels and other companies to allow PayPal to access their payment channels, that is, to be able to purchase air tickets, train tickets, and hotel reservations on PayPal, which has made many people who used to Users who have never touched a computer have begun to use PayPal.

  Pelle Greene felt that if it was not for his identity, he would have to maintain his position, and he would have to use PayPal publicly.

And even in Goldman Sachs, Pellet Greeni saw the employees of Goldman Sachs' office in San Jose, who were using PayPal openly at work without any scruples. In this way, what other places are like, Greeney can't imagine.

So this time in the negotiation with Song Yang, Pelle Greeni wanted to suppress PayPal. If it goes on like this, he is afraid that he will not be able to suppress PayPal. At that time, the tail will be too big, and Goldman Sachs will not be able to take PayPal. .

As for relying on relationships and connections, and using Wall Street's methods to get the Commonwealth Bank Association and members of Congress on Capitol Hill to pass the bill on electronic payment, it is not impossible, but it takes too long, and Song Yang will not sit still. .

Pelle Greene doesn't know how much support from the federal parliamentarians Song Yang has won, especially for a Japanese marble billiard project, which has drawn too many Amerika influencers to Song Yang's side. to the supporters' camp.

   With the influence of Goldman Sachs, I have the confidence to clean up PayPal, but this process may not be so easy, and it does not even rule out the risk of overturning!

   "Sorry, PayPal can't change this!"

As soon as Aaron Swartz finished saying this, he clearly felt that he was being stared at by a pair of falcon-like eyes. He turned his head and saw that Paulson was staring at him. Paulson was staring at him. Aaron Swartz even felt a rush of pressure.

  Aaron Swartz, who worked at Citibank, knew how influential Paulson, or the position of Goldman Sachs president under Paulson's ass, was.

America's Treasurer, the economic adviser to the commander-in-chief, and the congressmen on Capitol Hill, too many of them came from Goldman Sachs. Now is the most prosperous period of Goldman Sachs. Paulson's position is by no means a Goldman Sachs president. Simple, or it is more accurate to say that he is the contact between Goldman Sachs and the federal government.

This time, cutting the leeks in Southeast Asia is just a show of muscle. Aaron Swartz knows that if they really fall out, then Goldman Sachs and several other giants of Wall Street have the ability to get the bill to sanction PayPal on Capitol Hill. It is up to Paulson and Goldman Sachs to be willing to pay a huge price to make countless states in America ban the use of PayPal, and even shut down PayPal's local servers in America.

  The entire conference room was silent for a while, only Paulson's voice came out, "Is this PayPal's will?"

   Aaron Swartz bit the bullet and didn't flinch, but he didn't dare to refute Paulson directly, and let both sides tear his face directly.

   "President Paulson, there are some things that PayPal can't back down!"

   Song Yang said at this time, which attracted Paulson's attention and made Aaron Swartz heave a sigh of relief.

  Paulson also stared at Song Yang, but unlike Aaron Swartz, who had been on Wall Street and may even have been beaten by Wall Street rules, Song Yang was not at all worried about the bald head in front of him.

   The current Paulson is indeed powerful, but so what? Song Yang lost PayPal at most, maybe he lost a bit, but he wouldn't be knocked out by a stick.

  The mountains don't change, Paulson can stay in the position of Goldman Sachs president for a few years, three years, five years or even ten years?

   But no matter how many years, with Song Yang's age, he can always survive until he leaves Goldman Sachs. At that time, it will be the problem between Song Yang and him, and then it will be time to settle the accounts!

   Looking at Song Yang a few times, Paulson found inexplicably that Song Yang was not only not frightened, but had an expression as if he was looking at his prey, which made Paulson feel inexplicably uncomfortable.

   (end of this chapter)