Video Game Empire - Chapter 680

“Mr. Peterson, Zhuang Yuhai should have revealed my thoughts to you yesterday. That’s right, I now officially invite you to serve as the chairman and CEO of Hillson-Lehman!” Li Xuan smiled at the other party, and then said very seriously.

After Zhuang Yuhai blew the wind in advance, Li Xuan invited Blackstone Chairman Pete Peterson, CEO Stephen Schwarzman and Lawrence Finn, CEO of subsidiary BlackRock Capital, the next day. The three of them went to have dinner together at their home at Mount Taiping. After a sumptuous Chinese dinner, Li Xuan accompanied the guests to take a seat in the living room.

After the two sides exchanged a few words, Li Xuan sent an invitation straight to the point.

Without waiting for the other party to resign, Li Xuan immediately continued: “Mr. Peterson, don’t rush to refuse, you might as well listen to my conditions first! I know that professionals like you are most worried about the appearance of lay leaders. Insider’s decision!

I am a layman in financial investment, so here I can solemnly promise you that as long as the company’s performance does not suffer major losses, I will not interfere in the internal decision-making and management of the new company, and everything is up to you!

Of course, because the LH fund with its business in Hong Kong needs to be integrated with the Hilson-Lehman company in the United States, Zhuang Yuhai, the head of the LH fund, will serve as the co-CEO of Hilson-Lehman! But his status is under you, and his main job is to assist the new company after the merger to better develop the Asian market!

In order to contribute to the stability and development of the company, after completing the acquisition of Hilson-Lehman, I will continue to inject 1 billion US dollars to expand the company’s own capital!

Of course, I also know that Blackstone is your hard work in recent years, and you don’t have to give it up! So I am willing to buy the equity in your hands and other shareholders with cash at a valuation of 1 billion US dollars, and make it a wholly-owned subsidiary of Hilson-Lehman Group!

If you and other partners don’t want to sell the shares, you can keep them, in short, everything is according to your wishes! In addition, any other requirements of yours can also be put forward, and I will try my best to meet them! “

Li Xuan’s meaning can be summed up in one sentence, as long as you are willing to come, you need power for power, and money for money!

The current Blackstone company is not the Wall Street capital tycoon of later generations, but a small company with a valuation of about 7.8 billion US dollars. Li Xuan offered a price of one billion US dollars for a cash acquisition, which is simply giving money directly.

And despite Hilson-Lehman’s many internal problems, after years of non-stop mergers and acquisitions, Express has built a very complete framework. As long as Peterson succeeds in turning around Hilson-Lehman, it will instantly re-emerge as one of Wall Street’s top general investment banks.

Peterson had just brought Lehman Brothers to that position, and in the blink of an eye, McGill lost out. Li Xuan believes that the other party must be very unwilling in the bottom of his heart, and he can now provide Peterson with a chance to prove his ability again!

Sure enough, Li Xuan’s words made Peterson think, and he did not directly refuse. Li Xuan did not urge the other party, but turned to look at Schwarzman next to him.

“Mr. Schwarzman, after Mr. Peterson went to work at Shelson-Lehman, I hope that you can take over from him and continue to control Blackstone! Blackstone in the United States and LH Fund in Hong Kong are both private equity investment as their core business. So your next priority is to complete the integration of these two companies as soon as possible, and Zhuang Yuhai will fully cooperate with you in this regard!

And I also found that the bottleneck restricting the faster growth of Blackstone is mainly the lack of its own capital. So after Blackstone is merged into Hilson-Lehman, I will also invest $1 billion to accelerate Blackstone’s business expansion! “

Li Xuan threw another set of promotions and money to Schwarzman. In terms of asset size, LH Fund is not much smaller than Blackstone. Therefore, after the integration with Blackstone as the main body, the strength of the new company is equivalent to doubling. What’s more, Li Xuan also promised to invest another 1 billion US dollars in cash. Compared with Schwarzman’s first thought now, it is to let Peterson give up his position as soon as possible.

And Li Xuan’s offensive was not over yet, and he finally turned his attention to Lawrence Funk: “I heard that you and Mr. Schwarzman have some disagreements on BlackRock’s next development plan?

Any problem that can be solved with money is not a problem in my opinion! Blackstone will continue to focus on private equity investment in the future, while BlackRock can be independent from Blackstone and merge with Hilson-Lehman’s existing asset management division and fixed income division!

The new BlackRock company is primarily aimed at individual and institutional investors, pioneering developments in areas such as mutual funds and fixed income bonds! I will treat BlackRock equally and inject another $1 billion in cash! “

This Lawrence Fink and the BlackRock Capital he founded are also not easy people. This later company manages more than 6 trillion US dollars in assets, ten times that of Blackstone, and is a supergiant in the global capital market. What is even more amazing is that BlackRock, under Fink’s leadership, survived the subprime mortgage crisis in 2008 unscathed.

Such a glorious record is inseparable from Lawrence Fink’s personal resume! The full name of “subprime mortgage” is called subprime mortgage bond, and the earliest real estate mortgage loan certificate (CMO) is a new product developed by Fink’s team when he was working at First Boston Company.

At the time, he also became the youngest managing director of First Boston at the age of 28 by virtue of his excellent performance in the U.S. mortgage bond market.

But as the saying goes, Xiao He defeated Xiao He, the mortgage bond division led by Fink lost more than 100 million US dollars in a quarter in 1986, which also ruined his chance to become the top executive of First Boston Company~www.mtlnovel. com~ Shortly thereafter, Fink pulled several other partners to resign from First Boston, and then pulled in from Blackstone to invest and founded BlackRock Capital. So probably no one in the world knows better than Fink what a mortgage-backed bond is.

It is precisely because he can clearly understand the risks contained in the bond market that BlackRock’s huge fixed income bond department can successfully avoid lightning in the subprime mortgage crisis!

In addition to being famous for its rich passive investment products, the later BlackRock Capital has another admirable advantage is the risk control of actively managed investment portfolios.

Risk management is what Li Xuan values ​​most, so in his design, BlackRock will become the core subsidiary of Hilson-Lehman in charge of asset management. The parent company, Hilson-Lehman, will focus on rebuilding the traditional investment banking business!

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