Vol 6 Chapter 301: remind

Feng Yiping was very relaxed at this time. His proposal to Madoff was only a temporary motive, just like hitting a child on a rainy day, anyway.

He hadn't thought of having an intersection with Madoff, but since you have come to the door with bad thoughts, you can't say you should try to target it.

It's good for Madoff to get the bait, but he can also help those who he scammed and keep some of the money. It doesn't matter if he doesn't get the bait.

Anyway, Madoff deceived either Americans or Europeans. Most of them were Jewish. Feng Yiping didn't care too much, and he didn't need to care.

But he felt that for Madoff, most of his proposal would still be somewhat attractive.

Madoff’s most annoying is that there is no income, so he will give him income, or he will be able to make a little profit. Madoff’s return to most investors is 8% to 12%, and Feng Yiping promised Yes, no less than 12%.

For a person who lacks money, several hundred million is not a small amount.

Another very important point is Feng Yiping's reputation and his strength.

The reason why Madoff deceived so many people is because of his good reputation on Wall Street over the past few decades. Many investors even regard him as "US Treasury bills."

Can treasury bills be safe?

But on the way to Ma Ling's house, Feng Yiping still had to clarify the confusion. After thinking about it for a long time, Wu Qian still didn't understand why Feng Yiping would have such a big opinion of the daughter-in-charge of the Sun in the Greater China Region.

Generally speaking, if she is a female and a former compatriot, Feng Yiping has opinions, at least in front of others, he will still maintain considerable respect, but today it is really abnormal, in front of Lauder and Xia Jinheng and The faces of their subordinates who must have been watching the excitement, said so much to Sun Wei with a grim expression.

Because there may be an intersection with the President Sun in China, as Feng Yiping's most important assistant, she hopes to find out the reasons for this.

"To put it simply, once the two projects planned by Mr. Sun succeed, the domestic investors will not only suffer heavy losses, but will also give many people in the industry such a negative impression that we are A lot of money is stupid."

"It will make many people in the world think that we are a group with low investment ability, which will have a long-term negative impact on all our foreign investment cases,"

"I don't want us to be labelled like this,"

"Also, the investment planned by Mr. Sun successfully broke the domestic investment circle."

"...In short, in the two investments she planned, I couldn't see the relevant professional qualities and the benefits to investors as a whole."

"If you use an analogy, the domestic investors who were moved by her are not much better than those who handed over the money to Madoff. They are hopeless to make money, and they will be called stupid and too greedy."

Combined with the height he is at now and the information he has, he is really puzzled about those investments that he only knew a rough idea.

Let’s not say anything about Blackstone. According to the schedule, if there is no report from Feng Yiping, in the next mid-December, we will spend US$5.6 billion to invest in Motorola, in exchange for a 9.9% stake.

At this time, if people in the financial industry don't know how much risk is on Wall Street, they can at least know that they will have cash in their hands and have no chance.

But just before the crisis broke out, they invested huge sums of money in Morgan Stanley.

That is to say, this opportunity is rare, and it cannot be explained, because at least many people can predict that in the future, the stock price of Morgan Stanley will definitely fall. At that time, they will need more funds, so why not wait. invest again?

In short, the original result is that before the outbreak of the financial crisis, we bought 9.9% of the shares of Morgan Stanley that are estimated to have no decision-making power. When we invested, the stock price of Morgan Stanley was over $50, and we waited until a year later. At the end of 2008, the stock price fell to just over $10-a full 20% discount.

That is, rushing to lose close to 4.5 billion US dollars.

Then, Morgan said, we are short of money now, do you want to invest more? If you do not make additional investments, we have to bring in other investors-that means that our original 9.9% of the shares will be diluted.

At that time, due to the pressure of domestic public opinion, we did not continue to invest more. Then, the Japanese entered the market, and they got more shares than us at a much lower cost than us-really, think I think it makes people feel speechless.

So, in general, the team from the Morgan Stanley China region headed by Mr. Sun dug a big hole for us early in the morning.

Moreover, according to international practice, all sovereign fund investments generally require the right to reset the transaction value. To put it simply, we are rushing to invest in the agreement. We will have the right to adjust the price of this transaction if we sell shares for less than US$50/share.

This is not difficult to understand. For such a large transaction, various future changes must be taken into consideration. Let's say A-shares. A-share mergers and acquisitions can generally be designed for a three-year benefit compensation mechanism.

However, when we signed the relevant agreement, we seemed to have forgotten this one, so that we could only watch the loss of more than 20 billion yuan in a year.

Obviously, Mr. Sun did not prompt this, or he may have deliberately persuaded relevant people to forget such a clause.

Among them, most of them will involve some interest exchange issues, but Feng Yiping is too lazy to think about it.

We all say that entertainment is a circle, but more than entertainment is a circle?

Feng Yiping understands some of the quotations now.

In the investment industry and investment banking industry, all capital flows have costs and expenses. In other words, each investment has a handling fee and a benefit fee, generally at least 1-3%...

"Remember one thing, try not to contact them in the future," Feng Yiping didn't say too much to Wu Qian, just let her know the general reason and understand the relevant spirit.

"Now till tomorrow morning, you can take a good rest. Tomorrow afternoon, we will return to Silicon Valley."

Even Goldman Sachs and Morgan Stanley are on their side at this time, and Feng Yiping can safely throw it aside for Heiyan and the others. Therefore, there is no need to go to New York as originally planned.

…………

At this time, Madoff was also on his way home. After returning home, he sat in the study for a long time, and finally made a few phone calls.

So, this evening, at the country club in Palm Beach, those who wanted to hand over the money to Madoff but had never had a chance, finally saw the opportunity again.

In the club, Madoff’s well-known friend, clothing merchant Carl Shapiro and his son-in-law Jeff, are preparing to introduce several people to Madoff.

The so-called referral to Madoff is to let Madoff accept the investment of those people.

This has always been a common practice. To become a Madoff customer, you must get a referral from both of them.

Later, those who are familiar with these routines can naturally see that these husbands and sons are equivalent to the downline developed by Madoff. Similarly, they should also get a certain amount from Madoff based on the amount of investment they have pulled. rebate.

It’s just that Madoff’s offline development is far more than these two. On this evening, in several of his strongholds in the United States that attracted investors, several of them like Shapiro received similar instructions. .

…………

Because it is not yet December, it is not particularly lively Palm Beach. At night, there are very few people on the beach.

For the people who live here, the beach has long been less attractive.

Feng Yiping held his sleepy son in his arms and walked side by side with Ma Ling on the beach. Their destination was the pier in front.

Since the son said he wanted to live on the boat at night, let him live on the boat.

"Do you want to stay here with Vincent for a few more days?" Feng Yiping asked Ma Ling softly.

"No more, the company has too much business," Ma Ling said, "but, what do you think, how about letting son and John stay here for a few days?"

Feng Yiping said hurriedly, "Okay, okay, in that case, I don't think we need to rush back to Silicon Valley tomorrow. How about a trip to Chicago?"

Ma Ling glared at him with a smile, "Don't dislike your son,"

This is really not disgusting, mainly because the little guy is getting older ~www.wuxiaspot.com~ Sometimes, it's really a hindrance.

Child, sometimes it is a barrier between you and your wife.

"Forget it, or else, wait until the Christmas holidays before letting him come," Ma Ling changed his attention again, successfully frustrating some of Feng Yiping's plans.

"But, what exactly did you talk to John today? After he came back, he has been very excited, and he has been muttering with Heidi in the study for most of the day," Ma Ling asked curiously.

"That's a secret you won't know until next year," Feng Yiping sold off.

"Hey, since you like this so much, do we buy a house here too?"

Ma Ling smiled and looked at him again, "This is the first time I heard that someone wants to buy a house near their parents."

For people who have grown up, regardless of whether they have a family or not, it is estimated that they generally do not want to live too close to their parents. Who is patient and is always taught by their parents?

Of course, there are other strong reasons.

For example, tonight, why did they live on the boat instead of John’s house?

In addition to Vincent's request, there are naturally other reasons you know.

"It's mainly investment," Feng Yiping explained.

At this time, the dock has arrived.

In the evening, when the yacht finally calmed down and Feng Yiping was about to take Ma Ling to the deck to blow a hair, he unexpectedly received a call, "Hello Lauder,"

"Feng, I'm on my way to the airport," Lauder said.

Is it necessary to report to me?

"I think, there is something, I still have to tell you that Goldman Sachs also invested in Madoff, but we quickly recovered the investment in him,"

Feng Yiping was dumbfounded for a moment, "Thank you Lauder,"