571. The Boss of the Mouse Eye
Bank of Montreal, in the chairman's office, a ruddy-faced, imposing fat old man was sitting in the boss's chair, looking at Adam who walked in with a smile, a smile on the corner of his mouth, and said, "Sit!"
His name is Mepida, and his upbringing is legendary, having been born in the island nation of Ireland in September 1944. At the age of 18, he left his homeland to make a living in London, where he worked as a clerk at the Bank of Montreal's Waterloo Square branch. After a five-year apprenticeship, he was transferred to the head office of the Bank of Montreal, Canada. As the saying goes, ten years sharpen a sword. Several years of ups and downs, several years of lonely lamp companionship, a lot of hardships, a lot of sweat. In 1978, he was promoted to Manager of Management Services Department with his rich experience and solid skills, and of course, the six-month senior management program at Harvard Business School in the United States also laid a solid foundation for him to engage in management.
In the European and American banking world, a person's seniority greatly influences his or her promotion. Although it is said that everyone is equal in front of opportunities, the invisible hierarchy has to go up one level at a time for geniuses.
During the eight years from 1979 to 1987, he served as Vice President of British Columbia, Senior Vice President of Eastern and Northern Ontario, Senior Vice President of International Business, Senior Vice President of Treasury and Executive Vice President of Retail Business. It's gold that always shines. In 1987, at the age of 43, he took on the responsibility of president. CEO since 1989 and Chairman and CEO since 1990!
After being promoted to the top position, Micro has his own unique perspective on how to lead a large bank. From 1989 to 1996, under the leadership of Metda, the Bank of Montreal achieved record profitability every year. In 1995, the Canadian press named him CEO of the Year in recognition of his bank's outstanding contribution to Canada's global competitiveness and his strategic vision, leadership and innovation.
Over the years, he has been fame, fortune, and wealth, all of which have relied on his hard work all the way, but over the years, he has begun to be content with the status quo and slowly lost his enterprising spirit.
When I saw Adam and others' foreign exchange accounts withdraw $1 billion earlier, I also scared him, but fortunately, today's foreign exchange department account has a floating profit of $2.4 billion, so today he found Adam.
"Thank you, boss!" After Adam sat down, he asked puzzledly, "Boss, I don't know what you are looking for me for?"
His boss is none other than the chairman and chief executive officer of the Bank of Montreal, Michael Pitta, a legendary banker.
He is a self-taught example in the international financial community. Although he did not have access to higher education institutions in Europe and the United States, his achievements in the Canadian banking industry made him famous. It was also another Adam admired.
Mai Pida slowly made a cup of tea for Adam, and slowly said, "Adam, first talk about the tea I just got from Brazil!"
"Thank you, boss" Adam took a sip of tea and said slowly, "Boss, I don't know what you have to tell me!"
McPida smiled and said, "How do you feel all these years at the Bank of Montreal?"
Adam said, "Very good, and thank you to the Bank of Montreal for nurturing me!". He knew that the boss must have something to say, but he didn't like to say it in a roundabout way, so he immediately said: "Boss, if you have anything to say, please say it directly!"
"Very good, Adam, I like the outspoken nature very much, just now the USD/CAD rose again, and now there is $2.5 billion floating in the account of the foreign exchange department, right?" McPida slowly picked up the teacup and took a sip and said, "$2.5 billion is a lot!"
Adam replied: "Yes, boss, just now the USD/CAD rose by 5 points, and now we have a floating profit of $2.5 billion!" Looking at his boss's expression, Adam continued: "Boss, as long as we continue to hold on, we should make more profits, I estimate that it will be at least $5 billion!"
Mai Pida couldn't help but smile, feeling that Adam was really whimsical, and said unhurriedly: "Adam, last month, your foreign exchange department has been floating hundreds of millions of dollars, at that time you have been insisting on resisting, I didn't say anything, but yesterday when you made a profit of 2 billion US dollars, you were still in a very high position to increase your position, causing our foreign exchange account to suddenly withdraw 1 billion US dollars, fortunately today's USD/CAD has risen!
Yesterday, Mai Pida watched the withdrawal of so much money in the foreign exchange account, but he was very frightened, and he and some chairmen regretted it very much at that time, and did not stop Adam and others from increasing their positions. Fortunately, the USD/CAD has risen today, but they feel that the USD/CAD should have peaked! He himself is really not very good at the USD/CAD in his heart, but Adam is indeed a radical and has been insisting on being bullish on the USD/CAD, resulting in a floating loss of hundreds of millions of dollars in their foreign exchange account last month! A floating loss of more than $1 billion! It also made him sleep!
Adam hurriedly shouted: "Boss, the future of USD/CAD will continue to rise sharply, it is already the prelude to a big rise, we should continue to hold a long position in USD/CAD!!", he already knew at this moment what the boss meant by talking to him, that is, let him retreat!
Mai Bida shook his head and said: "Adam, I remember you also said something like this last month, although I usually don't interfere with your specific operations, but this time I'm sorry, you can't be stubborn again, you have already made a profit of 2.5 billion US dollars in the account, there is no need to take any more risks, be greedy for more profits!"
He has discussed with several directors that this time he made $2 billion, which is enough!
Adam hurriedly explained: "Now the USD/CAD is in a key position to break up, once it completely breaks through its pressure area, then it is normal to skyrocket by hundreds of points!! boss, if you close the position now, you really missed the big market, big profit!"
Now USD/CAD has broken above the 1.0900 level, and is still gaining a firm foothold, steadily advancing, and is now rising to the 1.0925 level! USD/CAD bears are about to stop their losses in an all-round way! Now it is the early stage of the upcoming surge!
And his boss and the directors of the Bank of Montreal are so blind! They don't know how to trade foreign exchange at all, and they are in a hurry to end up looking at the profit of $2.5 billion in their accounts!!
"I've already discussed it with a few of the directors!" said Mepida, ignoring Adam's words completely.