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Chapter 542: showdown
Chapter 542 Showdown
The North American Global Investment Fund is not too early to enter the Southeast Asian market, and it is not the biggest game. It did not choose Stud. Collison is still a bit conservative because of Song Yang.
Marcus, Collison and the others also reported to Song Yang how much they had earned this time, but they were mentioned in the satellite phone and e-mail.
Marcus knew that Song Yang would definitely ask, he took out a document from the briefcase he was carrying, and put it in front of Song Yang.
"This time, the North American Global Investment Fund's revenue in Southeast Asia is more than..." Marcus gestured to Song Yang with the number six.
"However, investments and acquisitions in Southeast Asia, as well as fees paid to federal taxes, interest repaid to Comerica Bank and other banks, dividends distributed to Collison's team, etc., are now the North American Global Investment Foundation in Southeast Asia. Profits are expected to be around $3.9 billion!"
Harvesting leeks in Southeast Asia, although it is said to be a business without capital, but in fact there is still a cost. The US knife borrowed from the Comerica Bank alone exceeds 2.7 billion US dollars.
The US dollars earned, and a lot of spending, plus the messy expenses, in Southeast Asia, nearly two billion US dollars have been spent to acquire and invest in those companies, and the remaining can be nearly four billion US dollars. It's already earned!
You know, how long does it take? This is cash flow. In less than three months, or more than two months, you can earn more than twice as much. Even if you rob the Commonwealth Bank, it is estimated that you will have to rob a thousand dollars. Come here to earn so much.
Song Yang nodded and smiled at Marcus, "Marcus, you can take a vacation and relax. In a few months, there will be times when you need to be busy!"
Marcus's heart moved. He didn't know what Song Yang was referring to, but he vaguely felt that it had something to do with ICQ. He knew that Song Yang was going to focus on ICQ to make a big game.
"Song," when he was about to get up, Marcus hesitated and looked at Song Yang, "I think the North American Global Investment Foundation needs to prepare enough reserve funds to cover all the industries under the North American Global Investment Foundation. Under the circumstances, maintain the funds for two to three months, otherwise it may be like a company in Southeast Asia…”
Marcus is also well-informed. He has also seen countless companies in America go down, but in places like Bangzi, Siam, etc., the whole area is going to collapse, and countless people are displaced and run to the street to live in the scene. Let Marcus take a hit.
Marcus wondered if Song Yang would listen to him. Like Song Yang and the upstarts in Silicon Valley and Wall Street, they were all baptized by new concepts, and many of them disliked Marcus and their cash flow-based business. The old school concept, because according to this concept, the Internet should not appear at all!
Not to mention that Song Yang is most proud of himself now. When he made a lot of money in Southeast Asia, it was a bit disappointing to mention this…
But Marcus still mentioned it to Song Yang. He didn't want to watch the day when America Telecom, Alcatel Mobile, ICQ, etc. under the North American Global Investment Fund suddenly looked like Daewoo, Han Bao, and Jinlu. Like a giant, it suddenly collapsed.
Originally, Marcus was just talking, and he didn't expect Song Yang to listen, but to what Marcus expected, Song Yang seemed to agree with him after listening to him.
Song Yang looked at Marcus. Marcus is a mature and prudent man. If he is placed in emerging technology companies such as Yahoo and AOL, it is estimated that they will not be so popular. These companies can't wait to make a dollar and spend it as ten dollars. If you want to save some money for emergencies, now is also the best time for the Internet. People from all walks of life are rushing to send money, and there is no need to consider the problem of lack of money.
"It is necessary to establish a reserve fund. I asked PayPal to pay over there, and the reserve fund has already been established!"
Hearing this, Marcus was obviously surprised. He didn't expect that Song Yang had already started to do it.
"Marcus, after you come back from vacation, set up a cash reserve department in the North American Global Investment Foundation. All companies under the North American Investment Foundation need to put 5% of their profits into the reserve department every quarter. In the future, this department must supply its various departments under special circumstances, at least for more than a year!" Song Yang said directly to Marcus.
After the Internet bubble, and the sub-prime mortgage crisis, etc., the Internet and technology companies have also started to get food in their hands. Don't worry, Laoba has always liked to save cash. In Berkshire's account, there are tens of billions of dollars in cash all year round, and during special times, it even holds more than 150 billion dollars in cash.
Apple in later generations is also not to be outdone. There are also more than 100 billion US dollars in the account. Microsoft’s small vault is basically the same. Otherwise, how can they come up with so much cash to buy Blizzard? Of course, the current Microsoft will be in a few years. , Song Yang felt sorry for Bill Gates if he wanted to acquire Blizzard from Xue Leshan, and not let Microsoft drain the cash flow.
Song Yang's place definitely can't be compared with the small vaults of the later generations, which often store hundreds of billions of dollars in cash, but they can supply American Telecom, Alcatel mobile phones, ICQ, etc. with cash that lasts for more than a year. questionable.
Now Song Yang also needs to prepare for the Internet bubble in a year or two. At that time, the situation in Silicon Valley was really not much different from the current situation. In the past, those companies that were rushing to send money to Internet companies were pulling their salaries from the bottom of the pile. Even if you invest money, you have to get back what you invested in.
Borrowing an umbrella on a sunny day and collecting an umbrella on a rainy day is the most commonly used method on Wall Street. It is definitely not much better for stick companies and Internet companies. Maybe they will fish in troubled waters. Anyway, shorting sticks has something to do with shorting Nasdaq. What's the difference, as long as they can earn it, they don't bother to care who dies!
Marcus took a deep look. He didn't know if Song Yang was right or not. He heard some rumors, just like shorting Southeast Asia this time.
But even if Marcus had thought that the Internet industry might face turmoil in the future, he would at most think that a few companies would be unlucky.
"I will set up a cash reserve department for the North American Global Investment Fund as soon as possible!" Marcus got up and said.
Austin, the headquarters of Comerica Bank, Chris Jain came to Kerrimea's office early in the morning.
"Bruno Song has repaid the $2.7 billion loan?"
When he heard the news, Jaen rushed over immediately, and the news had spread throughout the management of the Comerica Bank.
2.7 billion US dollars, even the principal and interest, and a lot of cents were all returned, which is a few years earlier than the agreed time. At this time, the North American Global Investment Fund does not matter. Invest in PA semiconductors, develop new mobile phones, and lay new optical fibers.
I was about to call it out, the showdown was over, I didn’t pretend, this special money was used to cut leeks in Southeast Asia, and now it’s over!
glanced at Jaen, and Kerimaa laughed, "It seems that our old friend is really in Southeast Asia and has made a lot of money!"
Jia En was still in shock. Before, Ken Griffin asked the Brooklyn Herald to report the news of Song Yang cutting leeks in Southeast Asia, which caused a lot of shock at the time, but Song Yang kept his mouth shut about it. Coupled with the misfortune, the fire was set on Ken Griffin, and no one paid attention to Song Yang anymore.
But now, Song Yang suddenly asked the North American Global Investment Fund to repay all the debts of the Comerica Bank. Obviously, he has made a lot of money, so he doesn't pretend.
"How much did he earn?"
Chris Jain couldn't help but ask, Kerimaa could hear the envy in Jain's eyes, shook his head and said, "I don't know, I'm afraid only the IRS and Bruno Song know about this matter. already."
Chris Jaen was silent for a while. Since he knew Song Yang, Song Yang's worth has skyrocketed almost every once in a while. In the past, Song Yang even came to ask him to Jaen in order to build a line for America Telecom. Help, now, Song Yang's PayPal has begun to acquire banks!
"Jian, Comerica Bank needs to cooperate with Bruno Song, and Song's business may be more important in the future!"
Prepared to attend the board of directors and reported to the director of Comerica Bank, and explained to him when he passed by Jain.
Recovering US$2.7 billion with principal and interest is another credit to Kerimaiya's risk control department, which proves his vision and ability. Kerimaiya is on the board of directors with investors He got a point there, and when the points are enough, he might be able to sit on the throne of the president of Comerica Bank.
Before that, Kyrimea needed Jaen to maintain the relationship with Song Yang. Since working with Song Yang, Kyrimea has earned a lot of points.
Looking at the figure of Kyrimea, Chris Jain let out a sigh of relief. Kyrimea wanted to get enough points from Song Yang in exchange for him. But compared to Kyrimea, Jia Well, there is one more way.
Jian feels that, based on his friendship and relationship with Song Yang, if he leaves Comerica Bank one day, he might be able to jump to PayPal, and then he will not be a vice president and join the board of directors?
As long as he pulls his cheeks, Jia En feels that Song Yang can get these.
Now that Song Yang has PayPal Bank, the relationship with Comerica Bank is a little more delicate, not to say parting ways, but certainly, it is impossible to hand over all the business involving the US knife as before. Bank of Comerica.
Jia En knows that, with Song Yang's character, he must give priority to the meat for PayPal Bank. If others don't talk about it, his status in Comerica Bank will be affected to some extent. .
When walked out of Kerimaiya's office, Jain suddenly had a strange and absurd idea. When this idea appeared, he was startled, but it swelled like wild grass.
(end of this chapter)
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