Chapter 407: Hindhand and Compromise

Li Xuan stayed in the United States until mid-February, when he could return to Hong Kong in time for the Chinese New Year. He had hoped to reach a tacit understanding with those who were secretly peeking at the Eastern Bloc, but the other party obviously did not give up on taking a bite of the fat from him.

The pollution incident of RCA's Taiwan branch was actually quickly quelled by Li Xuan. Because it is difficult for the media in the United States to continue to get news of events that can attract attention. Mr. Nickerson, who had previously provided them with the vast majority of their firepower, has been investigated by the judicial department on suspicion of taking bribes overseas.

What's more, the American people, who have always been self-centered, are hardly interested in pollution incidents that occur in foreign countries. Therefore, there is no need for the media to continue to hype up this incident, but Li Xuan's crisis has not passed.

On the second day of New Year's Day in 1985, the New York Times suddenly published an editorial: "The New Identity of China's Richest Man -- A Member of the Red China?"! The matter of Li Xuan, who was added to the CPPCC National Committee last year, was finally used by the US media as a lever to attack him.

The New York Post and The New York Times may only be one word apart, but their influence is very different. Since the New York Post was acquired by Australian newspaper magnate Murdoch in 1976, it has changed its original serious style and quickly degenerated into a roadside tabloid with various controversies, scandals, and even fabricated fake news to make headlines.

In contrast, the influence and credibility of the New York Times are significantly higher. Li Xuan's new post as a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) last year was likened by the author of the editorial to a member of the US Congress. There are many insinuations throughout the article. Li Xuan may have some close and unknown ties with the Chinese government. The article almost pointed out directly that he was an agent sent by the Chinese government to penetrate into the United States!

Regardless of the fact that Sino-US relations have been easing in recent years, it seems that they have entered the most friendly honeymoon period in history. But that was based on the need of both sides to jointly fight the Red Soviet Union. As a matter of fact, the anti-China forces in the United States have never disappeared, but some fierce opposition voices have been temporarily suppressed.

But now, a senior official of Red China, waving a lot of dollars, has come to the United States to make waves. Many ultra-conservatives seem to have found their target at once, and involuntarily pointed the finger at Li Xuan and the Eastern Bloc.

The New York Times editorials have always been known for their freedom and openness, but Li Xuan already smelled a strong smell of conspiracy. January 3rd. It is the day when the new members of the U.S. Congress are officially sworn in. Then, on January 4, the end of the congressional recess. On the first day of the official resumption of operations, there are generally no major issues.

January 4 happens to be a Friday, so Congress will wait until the following Monday, January 7. It gradually entered the normal working state. The newly appointed senator from Tennessee. Mr. Albert Gore was the first to propose to the parliament that a temporary joint committee of the Senate Science and Technology Committee and the House Science and Technology Committee would be formed to hold a special investigative hearing on the acquisition of RCA by the Eastern Bloc last year and its operations in North America!

In addition to holding plenary sessions to discuss and vote on various important matters, the U.S. Senate and House of Representatives also have a number of standing committees. to be responsible for a variety of specialized matters. The Science and Technology Committee, for example, is one of the 16 standing committees of the Senate. It is mainly responsible for handling most of the science and technology bills in the National Assembly.

Albert Gore, who is only 36 years old, is a rising political star in the Democratic Party. He was elected to the U.S. House of Representatives for the first time in 1976 and served four consecutive terms. In last year's election, Al Gore turned to the Senate for the position.

There are more than 400 members of the U.S. House of Representatives, and each term lasts only two years. The Senate has only 100 seats, two from each state, and serves for a six-year term. Therefore, the political influence and difficulty of running for senators are much higher than those of representatives.

After Reagan entered the White House in 1980, he introduced a series of reform policies, which brought the United States into a rare period of economic prosperity. This directly led to the Republican Party's bullish results in last year's general election! Leggan himself won 49 out of 50 states in the two-person presidential race, the widest margin in history. The Republican Party also took the shine of President Reagan, snatching a majority in the Senate from the Democrats by 55 seats to 45 seats.

Compared to before the election, the Democrats lost eight seats in the Senate in one fell swoop. However, even in this extremely unfavorable election situation, Gore, who participated in the Senate race for the first time, steadily defeated the Republican candidate with 60% of the vote and grabbed a Senate seat for the Democratic Party.

The U.S. Senate has a total of only 100 members, but there are as many as 16 standing committees within it. Each committee has as few as four or five members and as many as seven, eight, or even a dozen members, so that each senator will serve on at least one standing committee.

And which committees can be joined can actually reflect the influence of a member in parliament. For example, the Foreign Affairs Committee, the Finance Committee, and the Judiciary Committee are among the most important standing committees in the Senate.

In contrast, although the Senate's Science and Technology Committee is not so powerful, it is by no means a clear water yamen. When Gore previously served as a member of the House of Representatives, he was already the chairman of the House Science and Technology Committee. So as soon as he arrived in the Senate, he was immediately invited to join the Senate's Science and Technology Committee as a member.

Li Xuan has been keenly aware of the change in the direction of the wind, although he has spent a lot of money to build a political protection network in the United States. But Li Xuan is an outsider after all, and compared to the local forces that have been in business for decades or even hundreds of years, he is still inadequate.

Since the other party is ready to show its fangs to the Eastern Bloc, it must have been fully prepared. Rather than being passively beaten, it is better to take the initiative to attack! In this way, the opponent can be caught off guard and thus quickly gain the initiative.

And this Congressman Gore was Li Xuan's backhand reserved in advance! He met the future Vice President for the first time. It was at a social banquet in New York two years ago. At that time, Li Xuan took advantage of the ABC-3 computer's defeat of the PC and came to New York to reconcile with IBM.

Gore is running for the Senate this time, and Li Xuan is one of the biggest financiers behind him! The Science and Technology Committee, which is in charge of science and technology matters, is responsible for science and technology matters. It is only natural that an investigative hearing be held against the Eastern Bloc.

But Gore has just been elected to the Senate, and he has no credentials in the Senate at all. So he very cleverly proposed that the science and technology committees of the Senate and the House of Representatives form a temporary joint committee to be responsible for the investigation. Because the new chairman of the House Science and Technology Committee, who has just taken office, was personally invited by him to become a member of the House Science and Technology Committee a few years ago, and was subsequently promoted by him to vice chairman of the Science and Technology Committee.

This time, Gore went to run for the Senate instead. Therefore, after he was successfully re-elected as a member of the House of Representatives, he was naturally promoted to chairman of the House Science and Technology Committee in accordance with the usual practice. With the two houses in common, Gore can use his influence over the House side. to raise your voice throughout the investigative hearings!

As soon as Gore submitted the bill to Congress, Li Xuan also accepted a joint interview with the Wall Street Journal and the Washington Post in a timely manner. Speaking to journalists, he said that the Eastern Bloc as a foreign enterprise. I always have to endure some malicious discrimination and slander. But the Eastern Bloc is willing to cooperate unconditionally with the congressional investigation. to prove your innocence!

Li Xuan also relied on Speaker O'Neill of the House of Representatives, Senator Edward Kennedy, Vice President George H.W. Bush, and other influential figures in the two parties to actively mediate. As a result, the Senate and the House of Representatives quickly passed the proposal to form a joint committee to jointly launch investigative hearings on the Eastern Bloc!

And the person in charge of investigating this case is none other than the new Senate Mr. Gore. From the sudden editorial of the New York Times on January 2, turning the finger at Li Xuan, to the decision of the Senate and the House of Representatives to form a joint science and technology committee. It took only 10 days until Congress agreed to hold a hearing on the Eastern Bloc.

It can be said that the other party has not had time to amplify the move. Li Xuan had already made a perfect defense. In fact, in addition to the Science and Technology Committee, the Intelligence Committees of the Senate and House of Representatives are also qualified to investigate the Eastern Bloc. But the Intelligence Committee is much deeper than the Science and Technology Committee, and if they were responsible for intervening, Li Xuan would probably lose control of the situation completely.

Unlike now, Comrade Gore, who is in charge of the investigation, simply wears the same pants as Li Xuan. In the end, the Eastern Bloc is naturally a good company that not only provides a lot of tax payment for the United States, but also provides a lot of employment for the United States.

As the founder and boss of the Eastern Group, Li Xuan personally went to Capitol Hill to attend the first hearing. After this hearing, Li Xuan believes that he will not need to worry about pressure from Congress for at least three to five years.

After all, a comprehensive investigation of a large company like the Eastern Bloc is a matter that requires a lot of manpower and material resources. The various documents provided by the Eastern Group to the Commission of Inquiry alone amount to hundreds of thousands of pages. The whole process can be as short as three to five months, and as long as it can drag on for a year or two!

Because if you have just finished investigating the Eastern Bloc here, someone over there is proposing to re-investigate it. This must be sprayed to death by the voters! Because this is simply a waste of taxpayers' tax dollars, can't Congress do something more meaningful?

Unlike other domestic companies in another time and space, such as Huawei and CNOOC, Li Xuan not only won enough initiative in Capitol Hill, but also had a broadcaster with the largest viewership share in the United States to wash the floor for himself!

For example, what kind of post is a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) in China, and what is the difference between him and a member of the US Congress? If Li Xuan was not the boss of NBC TV, he would naturally not have appeared on NBC's morning ace talk show "Meet the Media" to explain to the American audience in person!

After the congressional investigative hearings were on track, Li Xuan flew back to New York from Washington. After completing his last course, he earned his EMBA from Columbia Business School three months ahead of schedule.

After that, Li Xuan and his sister who took leave took a private jet back to Hong Kong for the Spring Festival. He has been in the United States for more than three months, arguably the longest time he has spent in the United States except for the last acquisition of RCA.

The U.S. media has always advertised its country as a market of free competition. In line with the congressional investigation, the Eastern Bloc has also tried to portray itself as a weak person who has been excluded and persecuted.

It is believed that after this turmoil, the Eastern Bloc will be further integrated into the US economy. The Eastern Bloc has now shown enough resistance to resist that the others can only slowly acquiesce to its position after not taking too much advantage.

Just like Columbia Pictures later, when Sony had just acquired it, there was an uproar in the entire United States, which directly triggered a huge wave of boycott by the whole society. But Sony has persevered, and before Li Xuan's rebirth, Sony Pictures had been fully embraced by Hollywood and the American entertainment industry, becoming one of the new six major film companies.

Li Xuan and the Eastern Bloc are in a much better situation now than Sony a few years later, at least he has not aroused the disgust of ordinary people. On the contrary, whether it is Oriental Games or Aikang Computer, these brands have a high reputation and reputation among the American people.

Of course, Li Xuan did not fail to make some compromises, such as the IPO of NBC broadcaster, which was ultimately handed over to Morgan Stanley Investment Bank. GE CEO Jack Welch, who has a strong interest in the media industry, finally decided to invest $2.5 billion in cash to acquire a 40% stake in NBC Broadcasting from Li Xuan.

After the completion of the IPO in the future, Li Xuan's stake in NBC Broadcasting Company will be further diluted to 45%, giving up his absolute controlling position. GE, which still holds a 30% stake after dilution, will also become the second largest shareholder of NBC broadcasting.

In this crisis caused by the RCA pollution incident, NBC nominally upheld an impartial neutral position, but in fact it has been an important weapon for Li Xuan to reverse unfavorable public opinion. The fact that NBC, the nation's largest broadcaster, is in the hands of foreign capital has always been unsettling for some.

And this incident gave these people a reason to worry further, so Li Xuan simply took the opportunity to invite GE to enter the game. This would not only restore NBC's image of neutrality, but also allow him to earn $2.5 billion in cash.

With this cash income, Li Xuan's previous acquisition of RCA and the billions of dollars of loans from the syndicate can be wiped out by most of them, and he can deal with various challenges more calmly! (To be continued......

PS: PS: There may be too many chapters of American politics in the last few chapters, and everyone doesn't seem to like reading them!