Rebirth of the Financial Crisis Sweeping the World

Because of Uber, Wang Guanxi and others stayed in San Francisco for another month.

A lot has happened during this time.

The largest U.S. automaker, General Motors, filed for Chapter 11 bankruptcy protection on June 1.

Of the Big Three U.S. auto companies, Ford Motor Company remains.

Of course, General Motors and Chrysler Motors will go bankrupt and reorganize, and then be reborn.

However, the original shareholders have basically lost all their money. After the bankruptcy and reorganization, the owners of the two companies have also changed, and the new company will be listed again in the future.

The production lines of Ford Motor Company and Macy's department store also began to move away.

Ford Motor Company's headquarters will also move out of Detroit to the suburbs of Columbus, which has already begun.

Today, Ford Motor Company's stock price is $6 per share, and Wang Guanxi's No. 1 Fund holds 1.5 billion Class A shares, worth $9 billion.

At present, Fund 1 has no cash, and all of them are stocks. Among them, 80 million shares of Amazon are held. At present, the stock price of Amazon is at 80 US dollars per share, worth 6.4 billion US dollars.

The No. 1 fund still owes Standard Chartered Bank US$2.5 billion. At that time, in order to raise US$2.5 billion for Facebook, it mortgaged Amazon's stock to Standard Chartered Bank.

And Wang Guanxi intends to continue to acquire some companies, and to be long on the Dow Jones Index, but he has no extra cash.

He now wants to continue with the loan.

Ask the bank for a loan?

Fund No. 2 holds 200 million shares of Citibank, becoming a major shareholder, occupying 10% of the shares, and has set up a director.

Fund No. 3 holds 400 million shares of Wells Fargo, accounting for 9.7% of the shares, and also established directors.

Fund No. 4 holds 1 billion shares of Bank of America Corporation, accounting for 11.9% of the shares, and also has a director.

But these directors are not executive directors and have very little power.

After all, the control rights of these three giant banks are in the hands of other consortiums. Although Wang Guanxi is the major shareholder, he does not have much say in the board of directors.

After thinking about it, Wang Guanxi called the director who was arranged in Bank of America Corporation. This time, he planned to mortgage the shares of Ford Motor Company to Bank of America Corporation for a loan. .

The little pony who arranged it quickly contacted Kenneth Lewis, the CEO and chairman of Bank of America Corporation.

Kenneth Lewis was still very curious about Wang Guanxi, and said, "Mr. Wang, hello, are you going to mortgage the shares of Ford Motor Company this time to get a loan from Bank of America?"

Wang Guanxi: "Yes, Mr. Lewis, I intend to mortgage $9 billion worth of Ford Motor Company stock and borrow $4 billion."

At present, the 1.5 billion Class A shares of Ford Motor Company are worth 9 billion U.S. dollars. This time, all of them are mortgaged, and a loan of 4 billion U.S. dollars is enough.

Kenneth Lewis thought for a while and said: "Mr. Wang, the auto industry is not very good at present. Chrysler Motor Company and General Motors Company have gone bankrupt. Although Ford Motor Company has resisted, its stock price is a bit inflated. Bank of America The company is also in crisis, so I can only loan you $3 billion"

There have been a lot of things going on recently, many companies have gone bankrupt, the US economy has not yet come out of recession, and Ford Motor Company's financial statement for the second quarter has not yet been released.

To be honest, he is skeptical about whether the future economy can quickly emerge from recession.

Bank of America is also in crisis, struggling in the recession.

Because it spent US$54 billion to acquire Bank of America Merrill Lynch before, it was a huge bomb, and now the stock price of Bank of America Corporation has fallen into a slump, and shareholders are now frantically shooting at him, trying to drive him out of Bank of America Corporation.

The Ford Motor Company was also hit hard in the economic crisis. It still lost money in the first quarter of 2009, and its sales dropped sharply. Although Ford Motor Company pulled back from the brink of bankruptcy,

The stock price has risen a lot, but the stock price may fall sharply at any time.

After all, General Motors and Chrysler Motors have gone bankrupt, and now there is Ford Motor Company left. Coupled with the depression of the auto industry, it is unknown when they will be able to get out of the predicament.

To reduce risk, Ford Motor Company stock worth $9 billion can only be loaned $3 billion.

"Mr. Wang, I also want to reduce the risk, please understand"

The amount of this loan is also huge, and Bank of America can also earn a lot of interest, but Kenneth Lewis still wants to reduce the risk.

Wang Guanxi said: "3 billion US dollars is 3 billion US dollars, we have a happy cooperation!"

Then Wang Guanxi commissioned a lawyer, and then signed a mortgage loan agreement with Bank of America Corporation, mortgaged 1.5 billion Class A shares of Ford Motor Company to Bank of America Corporation, and obtained a loan of 3 billion US dollars.

Fund No. 1 received US$3 billion in cash, and Wang Guanxi opened the Dow Jones index chart, ready to try.

At present, the Dow Jones Index is at 8390. Wang Guanxi plans to short-term a wave of short-term, quick money, but the position is not good, so he has to wait.

At this time, Roland Macy, the chairman of Macy's department store, came.

"Boss, I plan to buy Domino's Pizza Company"

Wang Guanxi was taken aback: "Domino's pizza?"

Domino's Pizza is an international pizza delivery restaurant chain headquartered in Ann Arbor, Michigan, USA, and belongs to the high-end service company in the retail industry.

The future will be the world's largest pizza company!

"I'll check its stock price first!"

At present, the stock price of Domino's Pizza Company is at 7.5 US dollars per share, and the total share capital is 37 million shares.

The market cap is $277.5 million.

But Wang Guanxi knows that its future stock price has risen continuously for 10 years, rushing to 500 US dollars per share, and its market value is about 20 billion US dollars.

They are far away from the market value of Macy's department store.

Then Wang Guanxi asked: "Roland Macy, who is the current controller of Domino's Pizza Company?"

Roland Macy said: "It's still the Monaghan family in Michigan. Recently, the Monaghan family is short of money. In addition, Domino's Pizza Company has suffered heavy losses. They are considering selling the company."

This economic crisis has caused huge losses to many families, and has had a great impact on the retail industry. Not only the Macy family suffered heavy losses, but the Monaghan family also suffered heavy losses.

The Monaghan family and the Macy family can be regarded as old acquaintances. The Domino's Pizza Company controlled by the Monaghan family takes the high-end service route.

The two companies also have certain business competition, and now is a good opportunity to acquire Domino's Pizza Company,

Wang Guanxi asked; "How many shares do they still control?"

Roland Macy said: "60% of the shares require double the premium"

Wang Guanxi said: "You ask the Monaghan family to come to Columbus, Ohio, and I will talk to them personally."

"Okay, boss!" Roland Messi went to make arrangements immediately.

Then Wang Guanxi asked Luo Baowen to sort out the information on Domino's.

In fact, this is a company specializing in food delivery. Its food delivery strategy is very unique, and it has achieved a remarkable performance of annual sales growth of 40%. It has won almost 90% of the pizza delivery market in the United States. The brand reputation of the food delivery strategy is "30 Minute Delivery Guarantee".

Since 1973, Domino’s Pizza has launched the service of pizza delivery within 30 minutes. If the time is exceeded, customers can enjoy it for free without paying the bill. However, in the 1980s, in order to prevent the deliveryman from running a red light and violating traffic rules, this service was changed to 30 minutes. USD discount, and employees are not responsible for late delivery.

In 1992, Domino's paid $2.8 million to a delivery man who killed an Indiana woman.

In 1993, Domino's lost $8 million after a delivery man ran a red light and injured a woman.

That same year, company owner Thomas Monegan announced the removal of the $3 service discount due to public displeasure with Domino's careless driving.

In 2008, the delivery service within 30 minutes began to be implemented in the United States again, and the time indicated in the promotional materials is only an approximate estimate.

However, in India, Israel and Mexico, the 30-minute delivery service continues, with free delivery after 30 minutes.

"Delivery in 30 minutes" is Domino's Pizza's commitment to customers.

If due to Domino’s reasons, the pizza is not delivered to the customer after the specified time, Domino’s will give a 9-inch pizza coupon for free for the next order.

Beginning in 2001, Domino's Pizza began to invest fundamentally to improve and modernize the chain's POS sales system.

By 2007, Domino's Pizza's investments in technology were all technological upgrades.

Beginning in 2007, the initial technology investment gradually shifted to larger-scale product remodeling and a customized online order system. After the start of a larger-scale technological transformation, Domino’s Pizza reduced its communication with the capital market until the technological transformation can show concrete results. Since then, Domino’s Pizza has defined technological upgrading as a digital transformation strategy.

Luo Baowen said: "Boss, this company's strategy is very good, and it will definitely grab a lot of market share in the future."

Wang Guanxi nodded: "Indeed, this company is currently undergoing transformation. In the future, as people have more and more money in their pockets, the services it launches will be very popular."

Luo Baowen asked: "Boss, do we really want to buy Domino's Pizza Company at a double premium?"

She feels that the premium is now 100%, but she doesn’t know that the Domino’s Pizza Company only made a profit of 20 million US dollars this quarter.

The current market value is 270 million US dollars, and the premium is 100%, which is 540 million US dollars.

It will take 7 years to pay back.

"If we buy at double the premium, according to the current profitability of Domino's Pizza Company, we will only get back to our capital in 7 years."

Wang Guanxi smiled and said: "Actually, I don't need to buy it in full. I just need to buy 50% of the shares. We will jointly manage the company and make the company the best, so that the company's market value will take off. In that case, everyone will win."

The future market of Domino’s Pizza Company is 20 billion US dollars, and 50% of the equity is worth 10 billion US dollars, which is very profitable.

Of course, if you switch to your own pony to operate, you may not be able to achieve the effect of a market value of 20 billion U.S. dollars. It is better to let Domino’s Pizza Company continue to operate under the existing operating model.

"Secretary Luo, this company's business strategy is very good. With the economic recovery in the future, everyone will have more and more money in their pockets, and the net profit of Domino's Pizza will also increase."

In fact, the economy quickly came out under the printing of money by the Federal Reserve, avoiding the Great Depression in the United States, and the United States is the world's largest consumer country, importing a large amount of basic industrial products and consumer goods from all over the world. If the Great Depression in the United States, other countries Who do you sell it to?

Then it would trigger a global recession.

The Fed launched three rounds of qe, printing money non-stop, and brought the economy back at the cost of inflation. In order to avoid soaring prices, inflation needs to be distributed to all parts of the world.

The continuous output of US dollars will bring a large amount of US dollars to various countries. With more money and more orders, the economy of the region will naturally improve, and then support US technology products and financial services.

This is the benefit brought by global economic integration. Of course, this is only a macro benefit. From a micro perspective, it will cause a huge gap between the rich and the poor.

However, Wang Guanxi's enterprises are all beneficiaries of economic globalization.

Huntington Bank, Fifth Third Bank, Bank of Hawaii, East West Bank, and Silicon Valley Bank will provide international financial services.

The Hawaii International Hotel Group, Hawaiian Airlines, Ford Motor Company, and Macy's are also beneficiaries of the global economic cycle.

Of course, Domino's Pizza Company, which is about to be acquired, will also be a global pizza chain. Can it not make money in economically developed regions of the world?

"Secretary Luo, I'm just very optimistic about this pizza chain store. Generally, people who eat pizza are middle-class people. In the future, there will be more and more middle-class people in various regions. The business model of Domino's Pizza Company can be fully developed in other regions. local competitors."

Luo Baowen nodded: "Well, I am actually quite optimistic. If the current operating model is really followed, the future market value of billions of dollars is possible."

Wang Guanxi said with a smile: "In fact, the market value exceeds 10 billion U.S. dollars will do."

Luo Baowen said in surprise, "Isn't that more than Macy's?"

Wang Guanxi said with a smile: "Of course it will exceed the market value of Macy's, but its revenue is still not as good as Macy's."

As a Fortune 500 company, Macy's has sales of more than 20 billion US dollars and more than 100,000 employees.

The most important thing to be selected as one of the world's top 500 companies is to reach the sales standard.

The sales volume of Domino's Pizza Company is far less than that of Macy's Department Store.

Last year, Macy's sales were $24.892 billion, while Domino's Pizza's sales were $1.425 billion.

The difference is very large.

The influence of the two, the gdp driven, and the employment opportunities are not at the same level.

Although Macy's market value will be surpassed by Domino's Pizza in the future, Macy's influence will still be far greater than that of Domino's Pizza in the future.

Luo Baowen asked again: "Boss, how much premium do you plan to acquire Domino's Pizza Company from the Monaghan family?"

Wang Guanxi: "Only after talking about it did I know that the premium should not exceed 100%"

··

At this moment, Domino's Pizza Company headquarters in Ann Arbor, Michigan, northern Ohio. ·

The Monaghans get together to discuss the sale of Domino's Pizza Company to Macy's.

Everyone is arguing.

This Domino's Pizza Company is a family business owned by the Monaghan family. It has been in business for half a century, so how could it just sell it?

But the current head of the Monaghan family is determined to sell Domino's Pizza Company.

This Macy's department store is a Fortune 500 company in the world. Like Ford Motor Company, Huntington Bank, and Fifth Third Bank, it belongs to the same small consortium that has emerged.

Don't look, this small consortium has a lot of debt, but the crisis has passed, and it will become stronger and stronger in the future.

This Macy's will also enter the food delivery service market, and will compete with Domino's Pizza Company. To be honest, he has no confidence and feels that there is no need to fight against Macy's.

The head of the Monaghan family, Rocky Monaghan, controls 50% of Domino’s Pizza Company, while the opponent, Tom Monaghan, and his son-in-law, Patrick Doyle, only control 10% of the stake. .

invalid objection.

Rocky Monaghan said: "Tom Monaghan, I have never been in charge of Patrick Doyle's family business. It is run by the two of you. Look at the current market value of less than 300 million US dollars. To be honest, I’m still not optimistic about your digital transformation.”

Although Rocky Monaghan is the chairman of Domino's Pizza Company, Rocky Monaghan has other industries of his own, which are all careers that he is interested in, so he usually doesn't care about things in Domino's Pizza Company. Brother, Vice Chairman Tom Monaghan, and Patrick Doyle, Tom Monaghan's son-in-law, manage the company.

Tom Monaghan said, "You can sell the stock, but I'm not going to sell it"

Patrick Doyle is silent, and he has no part to speak here. Although he is now the vice president and married Tom Monaghan's daughter, he is not welcomed by Rocky Monaghan in the family.

Rocky Mona: "It's up to you, anyway, I plan to sell the control of the company, and I don't want to continue to hold Domino's Pizza stock."

As a world-renowned pizza chain founded in 1960, Domino’s Pizza encountered an unprecedented crisis in 2008. The stock price fell to the lowest point in history, and the sales of pizza were also very sluggish. Now in 2009, the economy is in recession. He intends to continue to hold it, cash out the funds and invest in his own hobby.

Tom Monaghan: "Then I'll go to Ohio with you too"

So the head of the Monaghan family, Rocky Monaghan, his younger brother Tom Monaghan, and Tom Monaghan's son-in-law Patrick Doyle came to Columbus, Ohio to talk to Wang Guanxi price.

Rocky Monaghan opened his mouth: "Mr. Wang, the premium is 100%"

Wang Guanxi said: "No, I just plan to buy 50% of the shares. The current market value is 270 million US dollars. The market price of 50% of the shares is 135 million US dollars. How about I give you 180 million US dollars?"

Rocky Monaghan thought for a moment: "$200 million will do"

Wang Guanxi smiled and said, "The deal will be 200 million US dollars."

Then Wang Guanxi used the No. 1 fund to pay Rocky Monaghan US$200 million and obtained a 50% stake in Domino's Pizza Company.

Wang Guanxi donated 50% of the shares of Domino's Pizza Company to the Crown Charity Foundation.

Rocky Monaghan left contented.

And Tom Monaghan and Patrick Doyle stayed, along with Nathan Macy and Roland Macy.

Wang Guanxi said: "Both of you, you can still stay at Domino's Pizza Company and continue to take charge of the company. I will arrange several executive directors and the chief financial officer to join the company."

In fact, the future Domino's Pizza Company's market value is as high as $20 billion, mainly brought about by Patrick Doyle as CEO.

Although Tom Monaghan is mediocre, he has a very capable son-in-law.

Thinking of this, Wang Guanxi said: "Tom Monaghan, you will be the chairman, and Patrick Doyle, you will be the CEO. I will arrange for two executives from Macy's to join Domino's Pizza as executive directors." , arrange for a financial officer from the bank to enter the company as the chief financial officer!"

Tom Monaghan and Patrick Doyle quickly agreed.

Then Wang Guanxi said: "Rename Domino's Pizza Company to Macy's Pizza Company, which is responsible for the pizza delivery business, and Macy's Department Store is still an old business."

"Yes, boss!"

Then Domino's Pizza Company announced that it was changing its name to Macy's Pizza Company.

At present, he does not plan to merge the two companies. It is also a good thing to operate separately. Macy’s Pizza will continue to focus on the pizza delivery business in the future.

When Domino's Pizza Company changed its name to Macy's Pizza Company, it caused quite a stir in Michigan.

"How did Domino's Pizza Company change its name to Macy's Pizza Company?"

"My God, this Macy's is amazing!"

"I thought Macy's would go bankrupt before, but I didn't expect to start buying a pizza company. I'm used to this Domino's pizza, so it's a bit uncomfortable to change the name suddenly."

"This is probably the acquisition behind the back of the largest farmer in Ohio."

"Is a new retail empire about to rise?"

"No, Macy's retail empire hasn't declined, it's just grown stronger under new owners."

··

In the evening, Wang Guanxi, Luo Baowen, Zhang Xiaolei, Jennifer Lawrence, Ford Ingrid and others ate pizza in the manor.

This is pizza delivered exclusively by Macy's Pizza Company, made by the best chefs.

The taste is really good, everyone is very satisfied, discussing to open more shops.

Anyway, Wang Guanxi has five banks and a steady stream of corporate funds.

So the next day, Fifth Third Bank and Huntington Bank announced a loan of 100 million U.S. dollars to Macy's Pizza Company, and Macy's Pizza Company will continue to increase the number of stores to 9,000, and plans to increase to 10,000 stores worldwide by 2012.

Half of them will be opened in the United States.

This is to increase jobs. You need to know that to open a pizzeria of about 100 square meters, there are 2 chefs in the back kitchen, 2 at the front desk, and 2-3 waiters, and roughly 6-7 people are needed.

An increase of 1,000 stores means 7,000 jobs.

The state of Michigan, Ohio, expressed support. Mobile phone users value a better user experience.