Chapter 837: Bloomberg
"Is there such an unfair deal?" Charles Schumer blinked, "If this kind of trade really harms the fairness of American finance, of course it is unacceptable." โ
The wrinkles on Cal Icahn's face deepened a little, and he raised his glass: "Mr. Congressman, I am very impressed by your sense of justice and maintenance of fairness, and I hope to see your heroic appearance in the Senate in the future." โ
Of course, Carl Icahn knew that Merrill Lynch, Goldman Sachs, and Modu were ready to enter the field of flash trading, but so what? Icahn Enterprises was doing PE, and he was not prepared to wade into the troubled waters of lightning trading, and even if lightning trading was banned, it would not hurt a single hair of his hair.
As for saying that if the big investment bank is bad, it will be planted with lotus, which is even more nonsense.
It is true that the United States is not a paradise, and the bankers on Wall Street are indeed not good, but it is okay to listen to this kind of thing as a joke when you are cut off from money, if you really believe it, then you should really test your IQ.
The in-market recruitment within the legal framework is inexhaustible, so why bother to make any extra-internal recruitment?
And the most useful intra-market trick is lobbying.
Just like Carl Icahn is doing to Schumer now.
Carl Icahn could lobby Schumer to propose a ban on lightning trading, and the bigwigs who were involved in lightning trading could also lobby Congress to not enact or delay the introduction of this law.
All large companies, a large part of the cost is spent on lobbying every year, such as Disney, according to the original copyright law, Mickey Mouse's copyright has long expired, but Disney has relied on lobbying to pass amendment bills again and again to extend Mickey Mouse's copyright, which should have expired in 1984, to 2003.
And in March of this year, five years before Mickey Mouse's copyright expired, the U.S. Congress passed the "Sonnipono Copyright Term Extension Act". According to the Act, works created or published after January 1, 1978 are protected for life and for 70 years. Service works can be protected for a period of 95 years from the date of publication or 120 years from the date of completion of creation, whichever comes first. Works published or registered before 1978 can be protected for up to 95 years if they are validly renewed after the expiration of the 28-year copyright protection period. According to the bill, Mickey Mouse's copyright expiration date is pushed to 2023.
Even if you are blind, you can see at a glance that this is the result of Disney's lobbying. As soon as the bill was introduced, it was jokingly called the Mickey Mouse Act by the public, and it was conservatively criticized. But Disney doesn't care at all, I do my own thing, I can lobby Congress to amend bills, it's my ability, can you bite me?
Some people say that Disney's largest department is the legal department, and no one knows how many people there are in Disney's legal department. In fact, Disney's larger department is the PR department, and no one knows how many dollars Disney spends each year on PR lobbying.
As long as enough money is provided, the law can be amended, so why bother to engage in such a way as killing people to vent their anger? It seems to solve the problem straightforwardly, but as long as you are careless, you will lose everything, and there are no such stupid people on Wall Street.
As for Schumer, he doesn't care even more.
To be precise, this became a knife in Schumer's hands.
It is true that he wants to win over Wall Street, but it is also necessary to talk about ways to win over, blindly kneeling and licking, this group of giant crocodiles on Wall Street will only think that you are a dog, and the people will also scold you as a capitalist dog.
Both of them are smart people, and they didn't need to say anything, and they reached a tacit understanding in an instant.
On the other hand, Zhang Chen also reached another tacit understanding.
"Frankly, I'd prefer Bloomberg to develop the Chinese market alone. A tall old man said to Zhang Chen, although the expression on his face was kind, he was not angry and arrogant, exuding the momentum of a superior person.
"With more than 70 million financial investors and 170 percent of institutional investors growing every year, Bloomberg is very confident that it will achieve the same success in China. โ
ๅๅ ๅฎดไผ็ๆฏไธไธชไบบ๏ผๅ ไน้ฝๅฏน่ฟๅ่่ ้ๅธธ็ๆใ
Bloomberg's owner, Michael Bloomberg.
Michael Bloomberg is one of the entrepreneurs Zhang Chen admires the most, a businessman from a small middle class who single-handedly defeated the encirclement of Reuters and Dow Jones, and developed Bloomberg into the world's largest financial information service provider.
Mr. Zhang and Michael Bloomberg had only met three times, the first time at Salomon Brothers' anniversary. Michael Bloomberg has been with Salomon Brothers for more than 15 years, and it is because of his network and $10 million in severance pay that Michael Bloomberg was able to found Bloomberg and received the support of Merrill Lynch, which allowed Bloomberg to survive the difficult period at the beginning of the business.
So, despite the fact that Mr. Bloomberg was not very happy when he left Salomon Brothers, Mr. Bloomberg was invited to attend Salomon Brothers' anniversary celebration last year.
It was also at this anniversary celebration that Zhang Chen asked Bloomberg for cooperation for the first time, and the two had several opportunities to meet on different social occasions since then, but Bloomberg never agreed to Zhang Chen's proposal for cooperation.
Zhang Chen shook his head and smiled: "Michael, Michael, you don't know much about the Chinese market. Let's put it this way, first of all, as a foreign company, Bloomberg is not qualified to enter the Chinese market. Secondly, China's financial market is not in line with the world, but has its own unique rules. Without a partner who is familiar with the Chinese market, Bloomberg would not have been able to succeed in China. โ
Michael Bloomberg sighed: "Huaxia is currently seeking to join TO, and if you want to join, you must comply with the requirements of TO and open up the access of foreign investment in related industries, I don't think this is a problem." โ
Zhang Chen smiled dumbly, Bloomberg really took it for granted.
"Michael, we don't need to do this kind of meaningless argument, it's an established fact that Bloomberg can't enter China at the moment. I have a proposal, why don't you do this, before Bloomberg officially enters China, I will set up a domestic company in China, and Bloomberg will provide technical support and consulting services for this company to facilitate the company's business in China. After Bloomberg was allowed to enter China, Bloomberg had the right of first refusal to acquire the company, and we can leave the specific terms to the lawyer to negotiate, what do you think?"
(End of chapter)