548 Future King of Wall Street – Larry Fink

Although I didn't reach any agreement with Jobs and Jacobs, at least we had a start, which is a good sign, and I was very satisfied with the communication with the two 'Booths'.

In Li Feng's view, the main thing is that he has what both of them need, and if they really want to cooperate, it can be regarded as what they want, which is beneficial to both parties, and it is impossible for the two of them not to be moved, and how the final outcome will develop, it depends on their respective means in the process.

"Erik, do you think we can take a stake in Qualcomm?" Li Feng asked Eric Schmidt next to him with a smile.

"BOSS, whether it is Qualcomm or Apple, is actually facing the same problem, that is, the right to speak of the founder team, the company's development is good, then everything will be covered up, but as long as the company has problems, the founders and management will first come out to take the blame.

I don't think Jobs or Jacobs and sons want such a problem, and if we can become a major shareholder or even a controlling shareholder, and give 100% support and promise not to take the blame for them, I think we have a great chance.

I have to say that although the shares are dispersed, dispersion also has the benefits of dispersion, and it can be said that it is easier to buy shares, but it is more difficult to control. Eric Schmidt replied with a smile.

"Yes, after today, Eric, you find a professional who is proficient in the communications industry, and then contact Qualcomm management, Tianya Investment has nearly 10% of the shares in its hands, I think it's time to send a shareholder representative in. Li Feng responded with a smile.

"OK, I think it's feasible, I'll arrange it. ”

……

"Alright, that's it, tonight's task is very heavy, by the way, is BlackRock's Fink here?"

"Here they are, it looks like Bill and Eugene are with them. ”

"OK, let's go check it out. ”

"Over there, BOSS, go this way!"

“…”

"Hello BOSS, you're here!"

"Hello, Mr. Li!"

"This is BlackRock's Larry Fink, hello, I'm St. John Lee, it's nice to meet you!" Li Feng greeted Bill Weilbe and Xu Youyu, who greeted him, nodded, and then greeted a tall, glasses-wearing, slightly curly-haired middle-aged man on the side.

"Hello Mr. Li, it is also my honor to receive the invitation from you, Feixun and Google, and it is a pleasure to meet you!" Larry Fink also responded to Li Feng with a smile.

Although Fink is now emerging on Wall Street, he is not the helmsman of BlackRock who controls $5 trillion in assets in the future, but he already has a hint of the style of a future bull.

"Yes, that's for the best, I've always had expectations for Wall Street, and I hope that there will be opportunities for cooperation in the future. Li Feng responded with a smile.

"Mr. Lee, whether it is Bill or Eugene, are top financial talents, if they hadn't done too well in Tianya Investment, I would have wanted to poach them to BlackRock.

Of course, Mr. Lee's investment vision doesn't need any proof, just look at Mr. Lee's career, and I think Wall Street should welcome a top business generalist. Larry Fink replied with a smile.

"Maybe..."

……

After some pleasantries, Li Feng's communication with the helmsman of BlackRock became more and more satisfied. From the investment concept to the future global economic development to the development of its companies, etc., various topics came casually, which made Li Feng, who claimed to be the 'most visionary', admire and feel in his heart, no wonder people were able to develop BlackRock into such a scale and talents!

"Larry, I'm very optimistic about BlackRock, I don't mind if BlackRock has one more shareholder, I'm interested. ”

If it is said that it is still the memory of the previous life and wants to become a shareholder, it is sincere at this time.

"John, are you buying as an individual or as a company?"

At this point, the two of them also became casually called, and Larry Fink immediately responded with a smile.

"I heard that BlackRock's majority shareholder is PNC Financial Group, right?"

Hearing Li Feng suddenly change the topic and ask, Larry Fink couldn't help but feel embarrassed, obviously, no one knows BlackRock's situation better than himself, the founder.

There are too many shares in PNC Financial Group, and it is still a major shareholder to give face, BlackRock is completely up to PNC, and the company close to the 8th floor has absolute control, and BlackRock is more like a subsidiary of PNC Financial Group.

If something goes wrong with BlackRock, there is no doubt that he, the founder and CEO, is the first person to go out, and it is impossible to say that Larry Fink does not have such concerns.

Later generations of Larry also tried his best to reduce PNC's shares, first of all, through the issuance of shares, IPO listing diluted part of the shares of PNC Financial Group, but PNC held too many shares, in the previous life until 06 years, PNC still held 70% of BlackRock's shares, obviously, although PNC was diluted partially, but did not want to let go of BlackRock.

……

In the end, Larry Fink came up with a clever plan to merge with Merrill Lynch's securities investment management department, one of Wall Street's bigwigs, and the massive merger would create a new company with nearly a trillion dollars in assets.

On the one hand, the shares of PNC Financial Group were diluted from 70% to 35%, and Merrill Lynch, although it invested 60% of the assets in the new company, it only occupied 49.8% of the shares, which solved the biggest hidden danger that BlackRock is a 'subsidiary' of PNC Financial Group.

"John, we at BlackRock now have more than $100 billion in assets under management, and we are also preparing to issue stocks, bonds, and mutual funds this year, so I can say hello to you in advance. ”

Larry Fink really agrees with this at this time, if Li Feng and Tianya Investment behind him, and even Century Bank come in, there is no doubt that he can dilute the shares of PNC Financial Group and make it easier for him to control BlackRock.

"Oh, Larry, it looks like you're going to make BlackRock IPO?" Li Feng replied with a smile.

"I can't hide it from you, since we are going to issue stocks and bonds in the name of BlackRock this year, then the IPO is naturally on the agenda, maybe we have the possibility of further cooperation at that time, isn't it?"

"Haha... Don't worry, as long as it's beneficial to both parties, I'm naturally in favor of raising my hands, and Bill's original wish to return to Wall Street may be able to make it come true one step ahead of schedule. Li Feng joked with a smile.

"BOSS, it's not easy to get out of Wall Street, I'm still very lucky, if I hadn't entered Tianya Investment, where would I have the current scenery, wouldn't I?" Bill Willibe patted a sycophant on the side at this time.

"Haha..."

……

It can be said that the targets chosen by Li Feng are very targeted, and the problems of Apple, Qualcomm and even BlackRock are all facing a problem that can be said to be very common in the United States, that is, the company's founders do not have enough shares in their hands to speak, and Li Feng's indiscriminate entry can be said to have given them the opportunity to regain the company's right to speak.