Yahoo has postponed the deadline for nominations to the board of directors, and Zhou Shi has nothing to do. Wang Xirui also returned to research, and spent a lot less time with him at night. Li Ying returned to Huaxia and said that she wanted to inquire about the news, but Zhou Shi told her not to talk nonsense, not to leak more information to others casually, so she didn't care, there are always more ways than problems, and he is far from a desperate situation.

However, there was a problem on Twitter, and the funds that Lehman had received in batches had reached the time, but they had not yet arrived, and they were also in difficulty under the subprime mortgage crisis. In particular, Twitter's technical upgrades were interrupted after Jack Dorsey's departure, and Twitter's user experience deteriorated day by day, and sometimes there were downtime issues. Although it has funds, most of Twitter's funds have to be invested in hardware and software technology upgrades. However, at this time, YouTube increased its cooperation with Friends.com, and Twitter also lost its partner, and Twitter's user growth was far lower than expected, which brought Lehman a dilemma. Let's continue to invest, in the competition between Friends.com and Facebook, Twitter may not be successful, and if it doesn't invest, it will definitely fail. If it was before, Lehman would certainly not be worried, but now, in the midst of the financial crisis, the thirst for cash is the status quo that every investment bank must face. Lehman also made a temptation to transfer their shares, but Zhou Shi and Lu He were indifferent. Now that the price is taking over Twitter, Zhou Shi will not be so stupid. He won't care if Twitter falls, anyway, the public opinion effect of the friend network is no worse than Twitter, even if he must set up a company similar to Twitter, he would rather start from scratch and directly kill the current Twitter in the mobile Internet era.

However, Zhou Shi never wanted to have a hard bar with a giant like Lehman, no matter how down-and-out they were, compared to Galaxy Capital, which only has assets of tens of billions of dollars, it is still an incomparably huge enterprise, and it is easy to stumble Zhou Shi and Lu He. Therefore, Zhou Shi and Lu He have also been seeking a meeting with Lehman's senior management. For example, their chief operating officer, Joseph Gregory, also agreed to meet secretly with Zhou Shiluhe after the British Parliament approved the nationalization of the Northen Rock Bank.

Bear Stearns' market capitalization is only a few billion dollars, and Lehman is not necessarily in a better position than Bear Stearns, but they can still hide a little bit of information, unlike Bear Stearns, which is about to be acquired. If nothing else, Joseph Gregory will be pushed out as a scapegoat for Lehman, taking the blame for the entire company's management. Maybe by now, he should have noticed it himself.

"Lehman's current situation should be very bad!" Zhou Shi said straight to the point

"You're thinking too much, Lehman is so good now!" said Joseph Gregory

"We have a preliminary investigation into Lehman, your financial leverage ratio is 30 times, and you are too deeply involved in the subprime mortgage market, I am afraid that you will be unable to bear the loss this time!" "30 times the financial leverage, if you do not account for 1 percent, you will earn a profit of 30 percent of the total capital, and in the same way, if you lose 3.3 percent, you will face the danger of bankruptcy, but since last summer, the US housing market has fallen by more than 10 percent. There is no problem in saying that Lehman is bankrupt now, but the level of their accounting is relatively high, and I don't know if Lehman will have a loss in its financial statements in the first quarter of this year.

"Oh, do you really want Lehman to go bankrupt?" said Joseph Gregory with a smile, Lehman's problem is difficult to hide from smart people, and he also believes that Galaxy Capital is such a smart person.

"I don't know if Lehman is bankrupt or not, but Mr. Joseph Gregory may not be in Lehman for a long time, and someone will always be responsible for Lehman's problems. Although Zhou Shi was a little surprised by Gregory's words, he quickly picked it up. Could it be that the Li family passed on his words to Lehman? What a merchant family through and through.

"yes, how did I not know?" said Grigory, distracted

"I think these are easy to verify!" Zhou Shi

"That's why Galaxy Capital is so concerned about Lehman?" said Gregory

"No, we focus on talents, and Galaxy Capital's development has also encountered a bottleneck now, and we need more talents to help us develop the market. "Lu He

"You are so courageous, why do you think I will fall in love with Galaxy Capital?"

"Most of the capital owned by Galaxy Capital is easily realizable assets, roughly about $10 billion, which we can use without restrictions. "Lu He

"Cash, that's a good thing. ”

"I hope that one day, we can hire you as our consultant first!"

Then the two sides talked aimlessly about various things, all kinds of optimistic and pessimistic views of the current situation, and between writing and painting, Zhou Shi euphemistically said the goal of Twitter.

The complexity of the financial market is far beyond Zhou Shi's expectations. If they want to get involved in more areas, they still need a leader. Joseph Gregory is a great candidate, and even if he can't be recruited as an advisor to Galaxy Capital, it would be nice for the two sides to become partners. What's more, Lehman still has a lot of attractive assets, and without anyone who is familiar with Lehman's internal affairs, how can he participate in the feast of Lehman's future sharing? In fact, the CFO, who was fired together with Gregory, is a better partner to work with, he is familiar with Lehman's various financial indicators, and knows which are high-quality assets, but that kind of goal is too big. Zhou Shicai doesn't believe that no one has taken the lead, such as Barclays Bank and Nomura Securities, which participated in the division of Lehman in his previous life. Besides, what Zhou Shi lacks is something valuable, not a price. For example, Galaxy Capital's current sources of information are very limited, and if it weren't for the prophet brought by Zhou Shi's rebirth, he himself has a lot of research on financial speculation, and has an impression of some key time nodes, the development of Galaxy Capital would not be so smooth. For example, he knew that since the **** announced the $200 million acquisition of Bear Stearns, the market has faced a sharp correction, and in less than a month, Lehman has continued its previous downward trend until the end of the world.

Twitter is just an appetizer, and Zhou Shi covets many of Lehman's high-quality assets, such as Lehman's seventh largest shareholder. Although Zhou Shi has vigorously promoted the criticism of the three major rating agencies on the Internet, and also intends to promote legislation to restrict the three major rating agencies, Zhou Shi is not stupid, in the financial markets of Europe and the United States, it is impossible for rating agencies to be absent, and it is beyond imagination for other institutions to replace the three major ones. The best way to do that would be to control some of their decision-making rights is to become one of Moody's majority shareholders and join Moody's board.

(End of chapter)