Chapter 374: Morale
"We don't agree, the price you offer is completely contrary to the value of Salomon Brothers, a minimum of 2:1, two shares of Salomon Brothers for one new company,"
"Are you robbing, 1.75:1? Do you mean Salomon Brothers has a premium of more than 50%?"
"We have serious doubts about your company's professionalism, and you do not seem to have a correct expectation of Salomon Brothers' performance this year. β
"Frank, bring me my golf clubs, I'm going to kill this son of a bitch!"
γγγγγγ
Zhang Chen still hasn't seen Sandywell, because Sandiewell has no patience to grind with the source of fire anymore, Merrill Lynch has recently begun to contact Mercury Asset Management, and the integration between investment banks and ordinary banks has become a major trend in the financial industry, and not only Sandievale sees this.
Sandyvale's action has to be fast!
Sandyvale almost agreed to Tinder's terms, and with Tinder's support, Salomon Brothers' board of directors passed a resolution to negotiate a takeover with the Travelers Group.
Naturally, Tinder will also send a representative of its own to participate, and Bellakfen, as a director of Solomon Brothers, will join the Solomon Brothers' negotiation team on behalf of Tinder's interests and participate in this negotiation.
The negotiation teams on both sides are huge, and in this kind of negotiation at the level of tens of billions of dollars, there are dozens or even hundreds of behind-the-scenes support teams behind each party who are crazy and busy.
Bellankefen was not too nervous, for him, his task had almost been completed, meeting or even far exceeding the psychological expectations of the Tinder, so in the negotiation, he was still in the mood to observe Jamie Dimon's face.
Jamie Damon looked as usual, and after he collapsed in San Francisco, Sandievale scolded him, which made Jamie Dimon uncomfortable, who had not been scolded by Sandywell for several years.
But it was precisely because Sandyvale was angry with him that Jamie Dimon was completely relieved.
Sandyvale is the quintessential paternalistic leader who says nothing about the Travelers Group, even if Jamie Dimon is the second-in-command of the Travelers' Group, he has to rely on Sandywell's snort.
If a subordinate makes a mistake, as long as Sandyvae can still scold him, then he is safe in the Traveler Group for the time being.
If a subordinate makes a mistake and Sandyvale is not angry at all, completely ignores this person, and does not get angry with him at all, then he should be ready, pick up the cardboard box, put away the things on the desk, and get out of here.
Jamie Dimon looked at the negotiation team's rhetoric, the merger and acquisition negotiations between the board of directors of Voyager Group and Salomon Brothers have been discussed for three days, both parties are listed companies, and the financial reports have been professionally audited, even so, the negotiation team of Traveler Group has done more than a month of homework in private in the early stage.
But in Jamie Dimon's view, the month's homework was in vain, and Salomon Brothers had the absolute upper hand in the negotiations with all the key to the negotiations of the Traveler Group.
There are definitely moles.
Jamie Dimon knew that this mole must have come at him, and the acquisition of Solomon Brothers was the largest acquisition he had planned with Sandywell in recent years, and he was also the mastermind and main promoter of this case.
If the case fails or there is a mistake, he is the first person responsible. If you don't handle it properly, you may really lose the trust of Sandyvale and ruin your future in the Travelers Group.
But this traitor still underestimated his relationship with Sandywell, he has been with Sandiewell for more than ten years, how could he be planted in such a trivial matter?
But even if you don't know how to plant it, it doesn't mean that you can forgive this kind of mole.
Although the strategic purpose of the Travelers Group can be achieved as long as the acquisition is successful, there is a big difference between a beautiful acquisition and an aggrieved acquisition.
This traitor must be found! Jamie Damon was ruthless in his heart.
The third day of negotiations was over, and at the post-negotiation review meeting, the morale of the negotiation team of the Voyagers Group was a little low.
Jamie Dimon clapped his hands and drew everyone's attention to himself: "Everyone did a great job today. β
More than a dozen people at the scene raised their heads and looked at him tiredly and suspiciously, could it be that their head was talking back?
Jamie Dimon smiled when he saw everyone's faces, "You must think I'm talking back, right? Jim, your eyes have told me that you think I'm sarcastic of you." β
Jamie Dimon smiled, "It's not sarcasm, you're really all good, and today you all did your best." β
The crowd was a little moved, and Jamie Dimon was complimenting them, but now it's us who are falling behind.
Jamie Dimon kept a relaxed smile: "Vincent, the audit team led by you, in the face of a passive situation in these three days of negotiations, newly reviewed the other party's 32 financial compliance issues, and saved us from the decline." βοΌ
"Graham, our legal team is really great, in the Hancock case involving related party transactions, the response is very good, when the old Ventura asked this question, I thought it was over, but I didn't expect you to fight back against his question in five seconds, haha, the old Ventura's face at that time was so wonderful. βοΌ
"Jim, you've completely captured the point of this negotiation, yes, the strength of the business and the performance. The Solomon Brothers' performance has been criticized by you as worthless, and they have not been able to come up with strong evidence to fight back. Oh yes, that golf club is also doing great, can you take it with you tomorrow for negotiations? It's okay, if it breaks, I'll send you a new set, haha. β
Jamie Dimon calmed everyone's low morale a lot in a few words, and Jim even had a smile on his face.
Jamie Dimon looked at everyone: "You have all been with the Traveler Group for more than five years, and in those five years, the market value of our Traveler Group has changed from $5 billion to $20 billion, the highest growth rate in the industry, and our profit margins are among the best in the industry. The Traveler Group is the miracle of Wall Street!"
Most people would say that Sandy and I created this miracle, but actually, Sandy led us all to create this miracle. It is because of you that the Travelers Group has been able to have one victory after another, until now, standing at the top of the entire financial market. β
"If the Voyager Group is a miracle, then all of you are the creators of this miracle!"
There is a look of remembrance and emotion on everyone's faces, and behind every fast-growing company, there is a group of enthusiastic, aggressive, and willing to fight for their dreams.
The love for the company motivates them to dedicate and struggle, and the dedication and struggle itself will enhance their team cohesion and recognition of the company, so that they will love the company of Traveler Group even more.
Jamie Dimon's tone turned calm: "Now, we have encountered a little difficulty, and the negotiation process with Salomon Brothers is not satisfactory. He looked at everyone, some were slightly ashamed, some looked indignant, but none of them had numb expressions, and Jamie Dimon nodded secretly in his heart.
Jamie Dimon slowed down, "But this little difficulty is nothing compared to what we've been through? Jim, do you remember when we bought Peyton Carlson, and the 120 workers at Peyton's factory were going to beat us with wrenches? You didn't have golf clubs in your hands at that time. β
"Graham, when we were doing that GM business in Haiti, we were facing ******** from the Commerce Department and the Securities and Exchange Commission, and the FBI was said to be involved, how did we deal with that?"
"And Procter & Gamble, Hilson, United Technologies, Boeing, Metγγγγγ Each of these names represents every obstacle that you have overcome, and it is because of these difficulties that the traveler is able to climb a mountain with one peak and trample it under his feet!"
"And now, we have another difficulty, and this one is different from what we've encountered before, Salomon Brothers, the former king of Wall Street, the United States, no, one of the largest investment banks in the world. β
Jamie Dimon gradually raised his voice: "But now, they are declining, declining to the point where we have a chance to incorporate them into our body completely." With the acquisition of Salomon Brothers, Voyagers Group will become one of the largest investment banks on Wall Street, and all of you will be building this great company!"
Everyone had an excited expression on their faces, yes, being able to directly participate in the 10 billion dollar acquisition case is one of the most boastful resumes of every professional manager, even if it is an intern, he can serve tea and pour water in this kind of case, and there is a lot to brag about after going out, so that his career will go more smoothly. This is true even for interns, let alone direct participants.
"Now, we have only one small difficulty left, tomorrow is the recess, and we need to use this day to make a new negotiation plan for the acquisition of Salomon Brothers! I know it's difficult, but we have no choice, and we are not willing to be chosen. We are the ones who choose our destiny, not let it choose us!"
The crowd was enthusiastic, Jamie Dimon's speech was extremely incendiary, and the morale of the crowd was completely mobilized, everyone looked at the watch, there were still 33 hours before the negotiation the day after tomorrow, and in these 33 hours, a new negotiation plan was made, although it was difficult to climb to the sky, but they were still willing to fight.
Everyone expressed their determination in front of Jamie Dimon, and Jamie Dimon said with a smile: "Let's let the sons of bitches like Solomon Brothers take a look, they are a bunch of garbage, they don't deserve to control this company at all, and we are the real kings of Wall Street!"
I'm sorry, yesterday there was a leader from the headquarters who came over and needed to socialize, but I really didn't finish writing, I have to socialize for a day today, and I'll be fine tomorrow, and I can resume normal updates.
Prostrate.
(End of chapter)