Chapter 679: Selling Yahoo and eBay

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Despite this, 5% of total assets need to be set aside annually for charity, and in order to hedge against inflation, the fund must guarantee an annual return of 8% to ensure that assets do not shrink. But in reality, 8% is not an unattainable figure for family foundations with huge social resources and financial professionals. The Bill Gates & Melinda Family Fund, the Paul Allen Family Fund, and other funds generally have annual returns of more than 10%.

In addition, the trust plan set up through the company's shares can also ensure that family members can live a superior life through these share dividends. At the same time, it also avoids the situation that there is no excellent heir, which leads to the decline of the company.

Family trust + family charitable fund constitute the general model of modern family inheritance. However, because there is no inheritance tax in Huaxia. So the family charity fund can be saved. Only family trusts remain, and this trust is different from Western trusts. It has the character of a legal person and can exist as a company that is responsible for the management of all its assets.

GCA Trust is such an existence.

However, separating is never easy. It is also impossible for a trust to settle completely. But now that Guo Shouyun's children are still young, when they grow up, they can decide on a more detailed asset inheritance plan based on their abilities and personalities.

The current GCA Trust is just a rehearsal.

For the position of executive director of Hanhua Trust, Zhang Lei did not hesitate, and signed his name at the back. As long as you are not a fool, you can understand that when you get this position, you will enter Guo Shouyun's core decision-making circle. It is not only GCA that participates in the management, but also the huge Oriental assets of the Kwok family, as well as the future inheritance of the family, and even the asset management and inheritance of the Kwok family in the United States. It is beneficial to him and to his career.

"Is it just the two of us on the entire council?"

"It's just the two of us for the time being, as for the follow-up personnel, I'll decide after I investigate!"

Zhang Lei nodded. It's not good for him to say anything about this kind of thing, it's better to leave it to the big boss to make his own decisions.

……

Guo Shouyun stayed in Hong Kong for a week, and originally planned to go to Pengcheng next door to meet Ma Huateng and Zhang Zhidong, but news from the United States forced him to change his itinerary.

"Are you really pregnant?"

Seeing his happy appearance, Wendy smiled and pointed to the test sheet in his hand.

"Isn't that very clearly written!"

"Haha, that's clear. I'm just so happy!"

After reading the test sheet a few times, Guo Shouyun threw it away casually and kept the woman in front of him who showed mature charm.

"Great, Wendy. We finally have a baby!"

During this time, although Guo Shouyun spent most of his time in the magic capital, he would fly back to San Francisco every other week for a few days, after all, there was also his family here. When staying, it is natural to discuss the human road with Wendy.

In fact, compared to Guo Shouyun, Wendy was happier in her heart. The two have been together for so long, she has not been able to get pregnant, although Guo Shouyun didn't say anything, but she has always felt very pressured in her heart. And now that's all a thing of the past. She is also not worried that she will lose the man in front of her who is getting better and better in the future.

"By the way, what's the due date?"

"The doctor said next March!" Wendy said sweetly.

"Are they twins?"

Guo Shouyun was somewhat looking forward to it. Because among his children, there are already two sets of twins. So he felt that he should carry this gene.

"It's not!"

There was a bit of loss in Wendy's tone.

"It's okay, we're still so young, and we'll have a chance in the future! ”

As he spoke, Guo Shouyun's ears came towards Wendy's lower abdomen, which was still flat.

"It's only two months, how can you hear your baby's heartbeat without the help of a stethoscope. ”

Having said that, Wendy didn't stop her lover's movements. Instead, he stroked his slightly stiff hair, and his pretty face was full of maternal tenderness.

"I can't hear it, but it's nice to feel it!"

Just as Guo Shouyun was working hard, there was a dense and small running sound outside.

"Daddy...!"

Accompanied by a childish voice, Guo Shouyun, who had just turned around, was not ready. Two small figures had already rushed into his arms.

"Haha, Elizabeth, George, do you miss Daddy?"

One left and one right picked up the two children, and kissed them on their immature little faces, but Guo Shouyun, who was disgusted because the stubble was too hard, asked with a smile.

After the two little ones nodded at the same time, Elizabeth hurriedly asked, "Dad, I want to eat the champion cake." ”

"Dad, I'm going to eat pear paste candy. "George wasn't far behind.

Zhuangyuan cake and pear paste candy are both famous snacks in the magic capital, and the last time I came back to see them, Guo Shouyun brought some. As a result, the two little ones fell in love with it completely, and every time he came back, he had to ask about it.

"Go find your Uncle Matthew, he has it!"

The eyes of the two little guys lit up, and after struggling to get out of Guo Shouyun's arms, they ran towards Matthew with a roar.

Looking at their little backs, Guo Shouyun hugged his arms, and there was a touch of love on his face.

"In the blink of an eye, they're all so big. ”

Wendy wrapped her arms around his thick waist from behind, leaning her round chin on his shoulders and speaking softly.

Holding her hand in his palm, Guo Shouyun nodded slightly and said, "When the child in your belly is born, this family will be even more lively." ”

"Bruce, do you like kids a lot?"

As a traditional Chinese, I also hope that the second generation of the Guo family can spread out and get the love of brothers and sisters, not like me who has always been alone!"

Wendy nodded slightly, "I will definitely give you many, many children in the future." ”

"Let's work together in the future!"

……

Wendy's pregnancy is naturally a happy thing, Guo Shouyun specially invited the Lincoln family and his father-in-law in New York to San Francisco for a small gathering. Everyone celebrated together.

In the middle, it is inevitable to discuss with my father-in-law Roosevelt about the election of the president of the United States today. As one of the leaders of the Democratic Party, it is quite embarrassing that his son-in-law is a die-hard supporter of the Republican candidate. Even so, the elder Roosevelt did not persuade Guo Shouyun to change his course, and from the current election situation, as well as the current atmosphere in Congress, and the perception of the upper class, Bush Jr. is obviously more favored.

After the banquet for his relatives, Guo Shouyun also began to work, as for his friends, it is more appropriate to wait for the birth of the child to have a banquet.

Hanshan Annex, backyard. The office of the secretarial department.

"The secret takeover of Merrill Lynch has stalled. Liu Zhixing said.

"Funds should be sufficient!"

Guo Shouyun said.

In order to acquire Merrill Lynch's shares, he authorized Liu Zhixing to issue several ABS with the shares of Yahoo and eBay under the Kwok family trust. With the current market value of Yahoo of $65 billion and eBay's market value of $58 billion, not to mention the acquisition of 20% of Merrill Lynch's equity, it is a 100% premium, and a wholly-owned acquisition is enough.

You know, it was this year that Merrill Lynch benefited from the recovery of U.S. real estate, and its stock price exceeded $50 billion. This figure, Yahoo and eBay reached in mid-03.

"The funds are sufficient, but there are not enough Merrill Lynch outstanding shares in the market. Now, financial stocks are rising rapidly, and investment banks such as Morgan Stanley, Merrill Lynch, Goldman Sachs, and Lehman Brothers are rising every month. Under this rally, few investment institutions have released their Merrill Lynch stocks, and the turnover rate of Merrill Lynch stocks this year has dropped by nearly 10 percentage points compared to 03. If we go ahead with acquisitions, Merrill Lynch is likely to opt for a stock split in order to increase the float of the shares. In that case, we're going to get into trouble. ”

Guo Shouyun nodded, and after a moment of silence, "How many ordinary shares of Merrill Lynch do you have in your hand now?"

“13.9%！”

"If you make a surprise purchase, can it exceed 23% in a week?"

"It's difficult!" Liu Zhixing shook his head slowly.

Guo Shouyun frowned. If you can't figure it out, blitzkrieg is the best way to go. Otherwise, with what he knows about Stan O'Neill, if the takeover takes place more than a week, he will face a fierce counterattack.

Wall Street has been around for more than 100 years, and there are too many anti-takeover strategies. Guo Shouyun didn't want the results of his four years of hard work to be in vain, so he would rather be slow than move blindly.

"Then let's pause first!" Guo Shouyun's tone was a little helpless.

"Benefiting from the favorable general environment, the U.S. financial industry is now developing rapidly. If the acquisition of Merrill Lynch is stopped, the price will be greater in the future after a long time. ”

Guo Shouyun nodded, "So, do you have any good suggestions?"

"Fidelity Funds currently holds 9.45 percent of Merrill Lynch's institutional investors, and the second largest is the Morgan Family Fund with 5.83 percent. ”

"Have you ever thought about it. If we are self-defeating, we may have to sacrifice several times the cost of our goal, and there is even a risk of exposing the target and causing the whole operation to fail?"

"Of course I did. But there are more variables than the price paid, or even the risk of exposure!" Liu Zhixing said in a resolute tone.

Guo Shouyun looked at Liu Zhixing, who he had cultivated in front of him and relied on as a think tank, and the firmness in his eyes. After a moment of silence, "I'll think about this first." ”

Liu Zhixing also knows that involving tens of billions of dollars in acquisitions is not a trivial matter. And the two have been working this matter for almost three years, and no small mistakes can appear, and careful consideration is the best way.

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