Chapter 42: Huge Money in Hand (Collect!)
"Brother Jiang, I really think that you still buried your talent at Lehman Brothers. You have the potential to be a super trader, I invite you to join my investment fund, I will give you the greatest trust, the most generous performance reward - I will give you 20% of the performance share, and in order to reduce your worries, as soon as you join, I will directly provide 5 million US dollars in hiring rewards, which does not include dividends. β
Jiang Ping's eyes widened when he heard this, he didn't expect Qi Zheng to be so angry as soon as he made a move, he worked at Lehman for many years, helped the company earn more than 100 million US dollars every year, and never won so many bonuses at one time.
Su put it aside with an expression of envy.
Qi Zheng was a little proud in his heart, as a wealthy local tyrant, how can he better attract talents?
In addition to smashing with money, the better way is to smash with more money.
Of course, for a top talent like Jiang Ping, if he hadn't been recognized before, Qi Tuhao wouldn't even have the opportunity to spend money.
Now, just look at the expressions of the two to see how good the effect is.
But this was not enough, Qi Zheng decided to add the icing on the cake.
"I can also promise that if one day in the future, Brother Jiang wants to start your own capital management company, I will not only not obstruct it, but also take the initiative to help. β
Based on Jiang Ping's career trajectory in his previous life, Qi Zheng knew that he always had the dream of bidding farewell to his part-time job and starting his own fund.
Qi Zheng felt that he might as well make a fuss on this point, anyway, Su Fang would probably have been trained by then, and this was also a super trader who was not inferior to Jiang Ping.
Sure enough, Jiang Ping was tempted. Of course, he knew how much help he would get if he had the support of a wealthy man and if he wanted to start his own business.
This also gave him a glimpse of Qi Zheng's mind, which really gave him a feeling of "meeting a soulmate in a foreign land".
At this point, the two sides have a relatively consistent understanding and tacit understanding on the future of investment funds and the development of the financial industry, but they have not reached any agreement in the actual sense.
Next, Qi Zheng did not talk about work with Jiang Ping and Su Fang seriously, but from the enterprise to the industry, to the national policy, down to a specific product, the topic of the two sides also changed from the prospect of the industry to the historical anecdote, where to talk about it, although most of them are just general, but a glimpse of the leopard, from which you can know that the three of them are extraordinary people.
The three of them chatted all morning, and it wasn't until lunchtime that Jiang Ping said goodbye and left.
......
Seeing Jiang Ping's figure gradually disappear into the street, Qi Zheng withdrew his gaze, looked at Su Fang, who was accompanying him and looking at the exterior together in the cafΓ©, and said with a smile: "No matter what the result is, it is finally a confession, and it is also a wish." β
"Xiao Qi, you don't care about the result at all?" Su Fang asked curiously.
"It's going to rain, and my mother is going to get married. It's useless for me to care, there are not many men in this world who are as bold as Brother Su. Qi Zheng said with a smile.
"It's because I'm so easy to fool around. Su Fang smiled and corrected Qi Zheng.
"But your lobbying must have impressed Brother Jiang. I know something about him, and he can't resist your temptation. After all, he is also tired on Wall Street, and he can come out to give his own people a hand, and I can't think of a reason for him to refuse. β
Qi Zheng smiled and agreed with Su Fang's point of view.
On Wall Street, professional investing often sounds unclear to the outside world, but whoever has experienced it knows what it tastes like.
Just as a doctor has to relieve the pain of a patient, a cook has to make a delicious meal before it can be considered labor. The so-called professional investment on Wall Street in most cases does not refer to helping investors make money, but to collecting money from investors. Regardless of whether you make or lose, you will be charged a large handling fee.
Wall Street's glorification of professional investing as every fund manager racking their brains to make money for investors could not be further from the truth.
The truth is closer to the fact that the Jianghu Langzhong sells elixirs, claiming to cure all diseases, or the chef paints cakes to satisfy people's hunger, but the bill writes the price of a delicious meal.
Therefore, most people are not like ordinary investors who use their money to speculate on stocks, looking forward to a sharp rise in stocks. Instead, he wants to sharpen his head, enter Wall Street, and learn the art of collecting money to get rich.
Therefore, an ethical professional investor like Jiang Ping is as conservative as his own money when he takes other people's money, and the main capital will not attack easily before he is sure. It will be tiring, but it is truly trustworthy.
......
The matter in New York has come to an end for the time being, and the sale of oil fields in Houston has also entered the final stage, and it is urgent for Qi Zheng to go back and implement the decision.
On November 27, after saying goodbye to Tian Yuwei, Qi Zheng flew back to Houston.
After meeting with Zhang Zehong, Qi Zheng briefly talked about the exchanges and gains with Su Fang and Jiang Ping in New York, and Zhang Zehong explained in detail the progress of the entire negotiation and the intention reached.
After more than half a month of exploration by the exploration company, the reserves of the new oilfield were determined to be more than 800 million barrels, that is, at least 110 million tons of reserves, and the recoverable reserves were 320 million barrels. With the blessing of this good news, the negotiations actually went more smoothly than expected.
Although Qi Zheng's insistence on selling for cash made the interested oil giants a little dissatisfied, as long as Qi Zheng was willing to let go of such a big cake and did not enter the grab, the giants were still quite willing to give him out of the game with cash.
In the end, it was Devon Energy, which has complete facilities such as oil pipelines and oil storage tanks in the Orchard area, that it took the advantage and stood out among the giants competing for food, and reached a basic consensus with Zhang Zehong.
Liam and Baker McKenzie, who were hung by the big radish of good profits, broke out with unimaginable combat effectiveness, and the whole negotiation process was full of courage and did not give an inch, which even made Zhang Zehong breathtaking, and said to Qi Zheng that his step was really wonderful.
The final transaction price reached $1.63 billion, exceeding the bottom line of $230 million given by Qi Zheng. Of course, this is due to the increase in new reserves, but the energy of Liam's office is really not negligible.
In this way, according to the agreement, although Qi Zheng wants to pay a huge share of more than 20 million US dollars for the firm, according to Qi Zheng's estimates, if they operate the negotiation themselves, it will be a transaction volume of 13.4 billion US dollars - don't underestimate the professionalism of the lawyers, Qi Zheng still makes a lot of money.
As for Dai Wen Energy, ahem, Qi Zheng can only say that they are the ones who are wronged.
After all, according to the actual reserves of 40 million tons of oilfields, the recoverable reserves are about 15 million tons, about 75 million barrels, and now the international crude oil price is 25 US dollars / barrel, and the actual value of the oil field should be 1.875 billion US dollars, plus the development cost and federal taxes, state taxes, etc., now it costs 1.63 billion US dollars to buy the oil field alone.
But in fact, it will not be so bad, and the price of oil will soar from next year to nearly $150 per barrel before the subprime mortgage crisis, so the value of oil fields will also soar.
However, as the effectiveness of the "Tiangang Infinite Array" arranged by Qi Zheng weakens year by year, the situation of crude oil gushing in the oilfield will gradually weaken, and the corresponding oil exploitation cost will also increase year by year.
It's not his own oil field, Qi Zheng can't replenish the spirit stones needed by the spirit array, and he doesn't directly revoke the "Tiangang Wuji Array" just to get by on the surface - after all, he still has to make money in the United States, and some things can't be done too much.
So on the whole, Daven Energy will not lose money, and may make a small profit, but counting the time cost, it is far from their expectations.
Devon Energy's actions are fast, and now that the intention of the two sides has been reached, and Qi Zheng has returned to Houston, the next thing is much simpler.
Qi Zheng, as the owner of the oil field, accompanied by lawyer Liam, signed the relevant transfer agreement with the person in charge of Devon Energy.
Since then, the new oil field has officially been owned by Devon Energy, and what they have to do is to pay the purchase price to Qi Zheng in several installments in the next three months.
At the request of Qi Zheng, the signing of the contract between the two parties was not carried out publicly, but only a small cocktail party was held separately for the signing.
After waiting for the people of Devon Energy to leave, Qi Zheng raised his glass and signaled to the people present: "Thank you for your efforts during this time, for our fortune, cheers!"
Zhang Zehong, Liam and several other Baker & McKenzie partners laughed and raised their glasses in celebration.
......
After greeting for a while, Qi Zheng, Zhang Zehong and Liam walked aside to discuss the next plan.
"Well done Liam, I'm very happy with your results this time. Qi Zheng praised Liam.
"Thank you, Your Excellency, isn't this the mutual will of both of us?" Liam was in high spirits, and he clearly benefited greatly from the smooth completion of the deal.
Qi Zheng smiled knowingly, "Yes, this is where our common interests lie. β
"In fact, if it weren't for Mr. Qi, you were only willing to accept cash, we would have been able to get a bigger return. Liam smirked as if complaining.
Qi Zheng shrugged, "There is a proverb in our country, never put your earnings in the hands of others. What I need now is development funding more than shares. β
Zhang Zehong on one side was speechless, does our country have such a proverb?
"That's what I'm reminding you, Mr. Qi, I think you should think about paying your taxes. Liam blinked.
When Qi Zheng heard this, he also had a big headache.
The United States was born out of the fight against high taxes in the United Kingdom, but it is also famous for its high taxes.
The U.S. tax code is one of the most complex in the world. Ordinary people will only be confused by its complicated tax system, and many times more than half of their hard-earned money is taken by the IRS before it arrives.
The IRS has been called "the most feared government department in the United States", and it is pervasive, even more powerful than the Department of Defense and the CIA.
Americans are privately talking about itβmess with no one, don't mess with the IRS.
According to the calculation of the federal income tax and Texas income tax in the United States, Qi Zheng will be taken at least hundreds of millions of dollars in this transaction, which hurts to think about it.
"Hell, Liam, why don't your IRS go to hell?" Qi Zheng said angrily.
Liam agreed, "Every American thinks so, but unfortunately, in the United States, there are only two things you can never escape, paying taxes and dying." β
Qi Zheng rubbed his forehead and said to Liam with a wry smile, "Okay, I need your help, I need a professional accountant, and I need a legal way to avoid taxes." β
Liam's expression was unmistakable when he heard this, and his heart was secretly happy.
Thank God, the deal has brought in more than $20 million in revenue, and some gossip has come that he has been placed on the firm's partner watch list.
Now, I can obviously get a long-term meal ticket.
He immediately responded, "No problem, in fact, we have a good working relationship with the famous Deloitte accountancy, and we can design the right structure for you to reduce your unnecessary tax payments." β
"But my first advice to you is that it's better to invest or spend properly in the U.S. than to repatriate all of your money, which is the best way to offset your tax expenses. β
"Invest in the United States?" Qi Zheng and Zhang Zehong looked at each other and smiled, "We had such a plan. β
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