Chapter 269: Expulsion

Why is there a legend of immortals in this world? In fact, it is very simple, there are some things that cannot be solved by human beings, so they can only rely on ethereal things.

Lin Fan didn't feel that he was a superman, but felt that it was good to be needed, Prince was in crisis, and at this time Prince needed the support of Lin Fan, the major shareholder. This did not surprise Lin Fan, in fact, in the original history Prince has been ousted from power, not still dragged on.

There is a big reason for this, the financing and the two mega mergers and acquisitions have made the board tolerate Prince until now. But until now, Prince has not been able to come up with a plan that can save the company, the board of directors can no longer stand it, and of course there is pressure from the US Treasury Department behind this, and a super bank is being led by a mediocre person in this crisis, which is undoubtedly a stupid decision.

The plane was still roaring, Lin Fan's heart had calmed down, and he was looking forward to the next situation, maybe it would be a good performance.

At the hotel where Lin Fan stayed, Lin Fan saw Prince, who had not seen him for half a month, and the Wall Street merry man had lost his former look, his expression was gloomy, and his figure was thin, and Prince had realized how big the crisis was coming.

"Lin, I need your help. ”

"Of course, you're my friend. Lin Fan smiled very calmly, "But Prince, what help do you need, have you thought about it?"

Prince was stunned when he heard this, only when he was in his environment did he know how difficult his situation was, before Lin Fan came to the future, in fact, he had already thought about it, could he make a comeback?

At present, more than one CEO of Wall Street has been resigned, and the CEO of UBS, the largest Swiss bank, was fired by the board of directors as early as July. In addition, Bear Stearns' co-chairman, Warren Speighter, is also out, and Merrill Lynch CEO O'Neill was forced to resign last week.

He was already sober, and he understood that even with Lin Fan's help on the board of directors tomorrow, he might not be able to continue to stay on Wall Street, after all, Lin Fan only had one vote. To be honest, he himself was a little desperate, and this economic crisis came so suddenly that he was caught off guard until now.

Well, he had to think of a way out for himself. Merrill Lynch CEO O'Neill was expelled from the board of directors and ordered to get a breakup fee of $1.6 billion, so what about himself?

It's just that Prince couldn't figure out Lin Fan's attitude, so he could only test first, "Lin, what do you think I should do?"

"As your friend, I fully support you in every decision. ”

Lin Fan was still smiling, so that people couldn't see his joy and anger, Prince said calmly: "This world is too chaotic, I want to be a princess." ”

"Investing in real estate is a good decision, and I think house prices will rise again after the economic crisis. ”

Prince could only smile bitterly, "Lin, your joke is not funny at all. But Prince also understands at this point that he must make his attitude clear, "I hope that Lin will do your best to protect my interests at the board meeting tomorrow." ”

.......

It was the first time Lin Fan had attended a meeting of Citi's board of directors, and there were eight Citi directors from major banks and consortia, as well as three Citi executives.

"We are grateful to Mr. Prince for his contributions to Citi over the past four years, which has grown further and expanded to more countries....... But we also have to face up to the fact that in the last quarter Citi lost $8.5 billion, and our stock price fell by nearly 30 percent...... In light of these considerations, it is recommended that Mr. Prince be removed from his position as CEO. ”

To the surprise of many of the directors, Prince has always been calm, not at all like his usual temper tantrums. Some even muttered that the former tyrants had finally learned to admit it.

Lin Fan watched with interest the performance of everyone, Prince was not admitting, but he was using his emotions reasonably, knowing that it was useless to be angry, why not use a better attitude to get more benefits.

"Given Prince's willingness to resign voluntarily, I think Mr. Prince can be compensated. ”

No one was surprised by Lin Fan's opening, after all, the reason why Lin Fan was able to enter the board of directors was because Prince was operating behind his back.

Lin Fan spoke again, "Mr. Prince has $200 million worth of stocks and options that can be maintained, and secondly, we can come up with $1.8 billion in compensation." ”

"Oh my God, Citi has no money, do you want to give it to a waste?" said a representative of Wells Fargo.

"That's a lot of that. ”

"It's really too much. ”

......

Prince's face became very ugly, he had just left his job, was he going to fall apart? He simply regarded himself as nothing! But he could not speak, he did not speak at all.

"I think so, after all, Prince led Citi to expand the world. Former U.S. Treasury Secretary Robert Rubin spoke, and he is also the acting CEO that the board of directors has decided.

Robert's opening, everything fell into place. However, Lin Fan smelled the crisis from it, could it be that the U.S. Treasury Department couldn't bear to intervene now, or was it preparing for future capital injections in advance?

The meeting ended with a good agreement between the two sides, but one was brilliant and the other was forgotten.

"Mr. Lin, please stay. ”

"Oh, Mr. Rubin?"

Robert Rubin hurried to catch up with Lin Fan, "Mr. Lin, are you interested in chatting together?"

"Of course, it's an honor. ”

Things change too quickly, the last time Lin Fan came to this was Prince's office, but he didn't expect it to change hands so quickly. However, Lin Fan also noticed the difference between Robert and Prince, for example, Prince would ask him if he wanted tea or coffee, and Robert directly poured himself a cup of coffee, which can be seen from this small detail that Robert is a very strong person.

"It is rare to see a Chinese businessman like Mr. Lin in the United States, and I did not expect that a Chinese would get involved in the banking industry. ”

Lin Fan was noncommittal, "I like to try something new. ”

"Actually, I agree with Huaxia people, Huaxia's concept of benevolence and righteousness is very good, and Mr. Lin is a good embodiment of this, as a shareholder of Citi, he handed over two super large acquisitions to Citi for completion. ”

Lin Fan suddenly understood Robert's intention to find himself, you must know that Marvel and AMC have huge popularity in the United States, once Citigroup leads the completion of these two acquisitions, there will undoubtedly be a huge change in Citi's momentum, which is to prove to the world Citi's ability, what is the rise and fall of the stock market? And now that no one has handed over a large business to Citi, Lin Fan's two mergers and acquisitions are even more precious, which is a huge opportunity for Citi to change its reputation in the short term.

However, Lin Fan didn't like Robert's attitude, and spoke in a tone as if he owed Citi, "I just trust Citi's professionalism." ”

"Of course, Citi is a strong bank with a history of more than 100 years, and it is the pride of the United States.......

Lin Fan suddenly became a little bored, you must know that the last person who boasted in front of him had just been kicked out of Citigroup.......