Chapter 910 Wells Fargo Bank is in hand and lays out Taiwan Province

"BOSS, I've completed the task you assigned, and this is all the materials for Wells Fargo. ”

"All the shares have been acquired, and the total cost is $1.383 billion."

In the chairman's office of Polaris Capital, Peter Lynch solemnly pushed a stack of documents in his hand in front of Xia Yu and said.

"Well done!"

Xia Yu smiled and praised, then picked up the materials and looked at them carefully, feeling a lot of emotion in his heart.

In his previous life, the fourth largest bank in the United States, Wells Fargo, which was once the world's largest bank before the scandal, was acquired by him.

The price is less than $1.4 billion!

Although it will take a lot of money to grow him in the future, it will require continuous mergers and acquisitions like a snake, and it will also cost a lot of money, but no matter how much money is made, it will definitely not need hundreds of billions of dollars in market value in the future.

After a little emotion, Xia Yu concentrated and immersed himself in the information.

There are many equity transaction contracts from many shareholders, the largest of which is with a California consortium, and the highest price per share is acquired.

A total of 43 percent of the equity cost $630 million.

As for the equity of other minority shareholders, the purchase price is relatively low.

Xia Yu doesn't care if there is more or less, it is nothing more than a gap of hundreds of millions of dollars, and it is just like that for him who has strong funds now, as long as he buys Wells Fargo, he will make a lot of money!

As for the equity, Peter Lynch did an offshore deal at the time of the acquisition, and Wells Fargo is currently a 51% subsidiary of Polaris Capital, and the remaining 49% of the equity is all dispersed into other offshore shell companies.

Fifty-one percent is enough to swear sovereignty to the outside world.

After putting down the materials, Xia Yu asked Peter Lynch: "Peter, has the takeover of Wells Fargo been completed now, and what is the current situation of the bank?"

Peter Lynch said: "BOSS, now that I've taken over Wells Fargo, it's just that because the company has changed hands and the president of the bank is leaving, there are some concerns within Wells Fargo at the moment. ”

"So now it's time to find a suitable president for Wells Fargo as soon as possible, and I recommend promoting capable executives from within the bank. ”

Xia Yu bowed slightly and asked, "You know more about the personnel of Wells Fargo, do you have a suitable candidate?"

Peter Lynch was very steady, and he was prepared for this time, so he immediately said: "There are still a few executives in Wells Fargo who are members of the California consortium, but there are also many internal training talents and professional managers. ”

One of them is a good fit, and that's Yalman Simmons, the current vice president and chief financial officer, who has been with Wells Fargo for 31 years since graduating from college, and has worked his way up from the bottom to where he is now. ”

"I've already brought his information here. ”

After speaking, Peter Lynch opened the briefcase again, took out a relatively thin document from it and presented it to Xia Yu.

Xia Yu took it and looked at it carefully.

Ten minutes later, Xia Yu finished reading Yarman Simmons's information and affirmed Peter Lynch's recommendation in his heart.

This Yarman Simmons is indeed an elite talent, and he is also one of the pillars of Wells Fargo, 31 years of work experience, making him the person who knows the most about the situation of Wells Fargo, and his personality is also strong, he is very suitable to take over the position of president of Wells Fargo.

"Where is he now?"

Xia Yu put down the information and asked Peter Lynch.

The latter immediately replied: "Now at the headquarters in San Francisco, because it involves the change of ownership of the company, the executives of Wells Fargo are not on a business trip at present." ”

Xia Yu nodded and said: "In this case, don't waste time, you go and arrange it immediately, I will go over with you this afternoon to complete the personnel transfer." ”

"Okay!"

With that, Peter Lynch exited the office.

At half past two in the afternoon, Wells Fargo held an all-staff meeting, Xia Yu sat in the middle of the rostrum, Peter Lynch served as the host, and all the executives at the headquarters attended the meeting.

At the meeting, Peter Lynch first thanked the current president, Mitch Sardin, for his dedication, and then read out the decision of the parent company and the board of directors of Wells Fargo to remove Mitch Sardin as president and replace him as president by Vice President Yarman Simmons.

As Xia Yu expected, after Yarman Simmons took office, he received warm applause.

It wasn't until 4:20 p.m. that the general meeting officially ended, and Xia Yu obviously felt that the atmosphere of the bank was less dignified and more relaxed.

After the staff meeting, Yarman Simmons came to the chairman's office and met Xia Yu and Peter Lynch.

After making a few simple jokes to relax Yarman Simmons, Xia Yu got down to business.

"Yarman, although you have just taken office, you have been working at Wells Fargo for thirty-one years, and I hope that you will be able to take over all the work of Mitch Sardin as soon as possible and keep the company running. ”

Yarman Simmons nodded immediately, and resolutely assured: "BOSS, I will try to complete the handover within a week, and there will be no problems for the company." ”

Xia Yu bowed slightly, and then said: "After completing the handover, there are still some things you have to do as soon as possible, the first is personnel, you should know that some of the executives are sent by the California consortium, and some are the moths of the company that the accounting firm found out but has not yet announced at the time of the acquisition, these people must be resolutely cleaned up, the list Peter Lynch will give it to you, and you will check whether there are any errors or omissions." ”

"For these people's positions, you have to find the right person to succeed you, preferably from within the bank, and if you can't find a suitable one, report to Peter Lynch in advance, and he will contact the headhunter to find a job. ”

Yarman Simmons felt the huge pressure, but he also felt the resolute attitude of the boss Xia Yu, and it was clear that he wanted to completely wash away the color of the California consortium, involving the relationship between the consortium, he didn't understand, and it was not convenient to express his position, the only thing he could do was to perfectly execute the orders of the new boss.

Therefore, he nodded solemnly and said, "BOSS, I will be fully prepared, please rest assured!"

Xia Yu continued: "The above is the personnel arrangement, and then I will talk about Fang's development direction for Wells Fargo." ”

"Wells Fargo's original development investment philosophy and model is very good and does not need to be changed, but it is still small in terms of size, and it is now only a regional bank in the west. ”

"Polaris Capital needed a big bank with a national footprint, so the focus for the next few years was expansion. ”

"Later, the parent company will inject a billion dollars into Wells Fargo for mergers and acquisitions, and you need to find suitable small and medium-sized banks as merger targets. ”

"At present, with the inflation in the United States, elites from all walks of life have been affected, the banking industry has been greatly affected, and now many banks are not having a good time, and there will definitely be a large number of bank failures in the next few years, and even those that have not failed will have a hard time operating. ”

"This is the best opportunity to expand against the trend. ”

"As long as you can fully control it, you can continue to merge and acquire, even if it is an acquisition of a large bank, you don't need to think about the funds!"

Hearing this domineering words, Yarman Simmons was pleasantly surprised, and hurriedly said: "BOSS, I will make a secret expansion plan as soon as possible." ”

"Hmm!"

"In addition, there are many companies under Polaris Capital, and these companies will be Wells Fargo customers, and you can communicate with President Peter Lynch, and you can decide what to do. ”

"Peter, I'll need you to work harder. ”

"I'll arrange for a billion dollars to be injected into Polaris Capital in a few days, and then you will transfer it to Wells Fargo. ”

"Okay, that's my duty. ”

Peter Lynch smiled at Yarman Simmons.

After arranging the affairs of Wells Fargo, it was almost time to get off work, and Xia Yu simply went home directly.

The next day, Xia Yu saw a piece of news.

The provincial authorities announced the construction of the province's first science and technology park in Hsinchu County, with a planned area of 21 square kilometers, with a loud slogan, claiming to build a "Silicon Valley of Taiwan Province."

As soon as the Hsinchu Science Park was established, the Taiwan provincial authorities announced a series of preferential policies to encourage Taiwanese and overseas capital to set up enterprises in the park.

Xia Yu pondered for a long time, and came to Polaris Capital again to find Peter Lynch, who was busy, and instructed him to select suitable people to go to Hsinchu Science Park in Taiwan Province and establish the Taiwan branch of Polaris Capital Company.

The main task of the branch is to invest in high-quality and potential enterprises in Taiwan Province and the future Hsinchu Science Park, and then complete capital penetration in Taiwan Province.

Xia Yu knows that although Taiwan Province is small, there are still a lot of good things in this future head of the four little tigers, and there are nine Fortune 500 companies in the future, which are definitely worth investing in or controlling.

However, Xia Yu also knows that Hsinchu Science Park has just been established, and there can be no high-quality enterprises, and Polaris Capital should be the first multinational large enterprise to settle in, and it will definitely be highly valued by the Taiwan provincial authorities.

In order to avoid the branch just going to find the direction, Xia Yu also pointed out to Peter Lynch, asking him to arrange for someone to invest in a company called "Hon Hai" first.

Xia Yu has long known that this company has been established in 1974 and is the parent company of the famous Foxconn, but because of the complicated situation in Taiwan Province, Xia Yu did not find an opportunity to invest, nor did he contact Boss Guo.

But now it's different, and it's definitely the right thing to do with Polaris Capital.

Even if the Taiwan provincial authorities knew about Xia Yu's relationship with Polaris Capital, they did not dare to make a move, after all, Polaris Capital is also a large company in the United States.

If there is really something that is not long-sighted, Xia Yu is looking for trouble with Polaris Capital, and Xia Yu does not need to come forward at all, Peter Lynch will naturally ask the US government to come forward to put pressure, and the effect is definitely the best.

Although there is a meaning of pulling the tiger skin of the United States, but there is no way to do it, who makes the situation of Taiwan Province special, this time period, except for the huge effect of pulling the tiger skin of the United States, other methods are not safe.

At that time, no matter how uncomfortable the Taiwan provincial authorities or some people within the country are, they will have to pinch their noses and squeeze out a smiling face to serve Polaris Capital.

PS: The two shifts are over, ask for a recommended monthly ticket!