American Fortune Life

You must know that the risk of shorting is not so great, and if you are not careful, you will die without a place to die.

And according to memory, Andy can't understand the most evil part of the subprime mortgage crisis: the share price of Citigroup, the world's largest bank, has fallen to a few cents; the world's largest insurance group, AIG, lost everything and cost the US government 190 billion Only the US dollar was rescued; and the five major investment banks on Wall Street, which were glittering with gold, even exploded 3 of them.

In short, the more powerful companies in this crisis, the more they die, and the people who kill them are people like Andy Smith.

Andy didn't dare to bet on whether the unexpected person joining would directly kill Morgan Stanley.

Back in the office, Andy took out three classic Havana cigars from the classic wooden box on the desk, threw one to Al and Bud, and then toasted and lit them one by one.

The office was very quiet, and the three of them exhaled fragrant smoke to calm down the excitement in their hearts and sort out their thoughts.

Andy put the cigar on the edge of the crystal ashtray, stood up and walked to the bar, took out a bottle of red wine from the wine cabinet, stretched out his fingers, picked up three crystal clear goblets and walked back.

While pouring red wine, he smiled and asked, "What do you think?"

Bardstone leaned on the sofa with a relaxed face, enjoying a cigar, and raised his chin slightly, allowing Alvitley to explain his point of view first.

Al looked at the cigar in his hand, smashed it, and said with a smile: "Boss, I think you are also thinking about what price Damo will give us? According to the current market situation, they It will give me a half discount, 3 billion to 3.6 billion US dollars, and the bottom line may remain at around 4 billion US dollars."

Andy nodded, the price was about the same as he thought, and it was also a high price that other companies interested in Morgan Stanley could offer, "Can they come up with so much cash?"

"They can also use the credit line to make loans. Although the loan will become usury during this period when the bank tightens the loan window, since Morgan Stanley is going to redeem the gambling agreement in our hands, it also marks that they have to give it a go. Alright!" Bardstone crossed his legs, changed to a more comfortable position, and analyzed to Andy with a smile.

Andy frowned, as if he was about to say something, and Alvitley on the side took the lead in saying: "Too big to fail! Compared with the huge losses of loan sharks, increased cash flow, and various opportunities that may appear in a crisis, What the hell, don't underestimate the greedy heart of an investment bank."

"4 billion?" To be honest, Andy was affected by the greed that kept emerging from the bottom of his heart. People always do this.

Always want to get more, and get more. . .

Al and Bud couldn't help but looked at each other, looking at their young boss with an extremely tangled expression.

"Huh——" Andy frowned, exhaled foul breath, and looked at Al and Bud with piercing eyes, "I'm really not reconciled! Is there anything else that can maximize my interests?"

"..."

Both Bardstone and Al frowned, thinking quickly.

After a while, Al first said: "Let's start with 6 billion as the starting point for entanglement negotiations. 4 billion is just our guess, not necessarily their bottom line. We have enough time to drag it down, but they No, and the market changes every day, no one knows what will happen in the next moment, time is also precious to them.”

"That's right!" Budstone took over the words in a timely manner, "We have the initiative and can put pressure on them at any time. When the negotiation is at a stalemate and each other refuses to give in, boss, you can meet with some companies such as UBS, Citigroup, and JP Morgan Chase. Executives, drink coffee, play golf, I think Morgan Stanley will compromise."

"However, boss, don't have too many extravagant hopes. The minimum guarantee is 4 billion, and the maximum will not exceed 5 billion US dollars. Maybe it will be discounted in the form of cash plus equity." Alvitley saw the happy boss, Said without losing the opportunity.

"Who wants their stocks? In the next period of time, their stocks still don't know what price they will fall to!" Andy curled his lips and said with disdain.

"Then use convertible preferred stock plus cash. When the company's profit is low, the convertible preferred stock can not exercise the conversion request right, but continue to hold the preferred stock to ensure a fixed dividend; when the company's profit is high, it can Exercising the right to request conversion, convert it into common stock to share the huge profits. This will also help Morgan Stanley to reduce the burden on the company.”

Buddstone threw out another new concept, which made Al's eyes light up, and he nodded in agreement: "Perhaps Morgan Stanley would very much agree with this model, after all, a shareholder with a large amount of cash and no power to exercise rights to them Better to weather the storms ahead."

"Okay, then it's settled like this! The two of you immediately form a negotiation team and notify the other party to start negotiations. Bud, you have been in charge of the cds gambling agreement. You should give more support to Al in terms of data. Al is led by you. After all, you are negotiating Come on, you have a lot of experience, no problem?"

"No."

"No."

Both of them nodded and replied with serious expressions, and Andy said to them equally seriously: "Then I will trouble you both."

Seeing the figures of the two leaving, Andy took a sip of the cigar, slowly opened his lips, a cloud of smoke rose slowly, smelled the mellow aroma, shook the red wine glass in his hand, and took a sip.

"Soon...as long as the negotiation is completed, I can start to implement the plan, wait, wait..." Andy's mouth is slightly upturned, his eyes are slightly squinted, but his thoughts have already flown to where.

After Morgan Stanley's negotiating team received a call from Bardstone, they led the team to Liberty City Investment Company that afternoon.

Under the introduction of Bardstone and Tom Morgan Stanley, the two teams had a brief understanding and exchange, and the two parties sat opposite each other in the conference room.

Liberty City Investment Company is dominated by Alvitlie, with Bardstone as the deputy, and Morgan Stanley is dominated by John J Mark, with that Tom as the deputy.

After the two parties dipped into the topic of the negotiation, the man named John J. Mark immediately offered a price that made Al and Bud look at each other in dismay.

"US$3.6 billion, Morgan Stanley is willing to bid US$3.6 billion to redeem the gambling agreement..."

Both Bud and Al could see from each other's eyes that they didn't want to have a protracted war with them, but hoped to end the negotiation as soon as possible. Bud couldn't help but twitched when he saw Tom, whose face was expressionless all the time, but the corners of his mouth were slightly twitching. He narrowed his eyes.

Alvetrie said unhurriedly: "Our agreement can finally get a profit of 7.2 billion U.S. dollars. You gave us a 50% discount as soon as you opened your mouth. If it was you, would you agree? I knew you would make this deal." The price, our boss will not even discuss with you.

However, now that the negotiation has started, we also tell you that our bottom line is 6 billion. If you want to redeem the VAM agreement, we will not consider it below 6 billion. . . "

"Impossible! This is blackmail, we will never accept such an outrageous price..."

Al and Bardstone looked at each other uncertainly, and looked at the angry John Mark with idiot eyes, blackmail?

Alvetrie sneered and threw the signature pen on the table with his arms folded, and said in a cold voice: "Pay attention to your wording, we didn't force you to buy it, and if you don't understand the situation, then negotiate This is the end.

We have enough time to wait until the expiration date of the agreement. I hope you can come up with so much cash by then, otherwise we will ask the court to freeze your assets and convert them to pay off debts. I think your Morgan Stanley has tens of billions. The company, just auctioning off a few subsidiaries can make up enough funds to pay us! "

"you--"

"Don't get excited, talk slowly. Our negotiation has just begun. If we can't agree on a price, we can slowly find a consensus. You want to make a profit and leave the market easily. We want to recover the company's losses. Everyone's demands do not conflict with each other. Let's talk slowly." Tom seemed very helpless, and began to persuade both parties with a bitter face.

Bardstone and Tom are friends, and he has already noticed that something is wrong, so he gave his data analyst a look.

The data analyst then opened the folder, and with a specific data dagger, thrust into the opponent's heart, the face of Morgan Stanley changed drastically.

Bardstone took the opportunity to break away from the negotiation. After leaving the meeting room, he went straight to Andy's office and told Andy his guess.

"You mean there's something wrong with Morgan Stanley?" Andy frowned, rubbing his chin in deep thought.

"It should be so. Tom looked at John Mark with strange eyes, guarded and guarded. When he was arguing with Al, he was even a little gloating. How about I ask?" Bardstone agreed, frowning.

"Well, just call here..." Andy leaned his whole body on the boss chair, supported his arms and elbows on the armrests, and crossed his fingers in front of his chest.

Bardstone took out his mobile phone and started calling a friend of Morgan Stanley. Soon after Budd kept questioning, the other party told him the truth. In fact, even if he didn't tell him now, tomorrow's newspaper would publish come out.

Bardstone's complexion changed slightly, and after thanking him a few times, he hung up the phone and said to Andy: "This morning, at the board meeting held by Morgan Stanley, the stepson of the founder of Morgan Stanley and former chairman S. Parker Gilbert used his name, prestige, and financial resources to unite the eight banker shareholders on the board of directors to force Pei Xiliang to give up his power, and at the same time, he also defined him. His more conservative financial line is destroying Morgan Stanley Promoted culture."

"That means the other party just carried out a power change!" Andy frowned even more tightly.

"Yes, Parker is the heart and soul of Morgan Stanley. The negotiator who came today, John Mark, is likely to succeed the CEO of Morgan Stanley. That's why he asked for $3.6 billion as soon as he came up. He hopes to end the negotiations as soon as possible. , and don’t want to pay too much.” Bardstone is familiar with everything on Wall Street, and he is even more familiar with the list of heroes.

"Hehe, are you high-spirited? You go back, follow the original plan, procrastinate, wear down his spirit first, and ask for help with the attitude of asking for help. He can make the decisions!" Andy sneered, but, Now it seems that simple negotiations cannot achieve the goal, and perhaps it is time to make a move.