Chapter 299: It's going to be a protracted war
Citigroup, which was supposed to be the pride of Wall Street, has been practicing this phrase for more than 100 years, but now, it is clearly in trouble.
Citibank, once the world's No. 1 bank, is now no longer in its glory and cannot even save two acquisitions, which is undoubtedly a sad thing. But we have to pack up our sadness, because does this mean that consumers are losing faith in Citi, and what do we do when the former giant is also bruised by the economic crisis?
If the world collapses, Wall Street will lead the world back to glory. It was the rhetoric of Wall Street in the past, but now it sounds like yesterday, we have witnessed too many glories, but rarely experienced failures. So when the crisis came, Wall Street was more helpless than anywhere else, New Century Finance's leaders were still on vacation on the eve of the collapse, and Bear Stearns was still making inroads into the Asian market...... But now that Lehman Brothers, which has been in the crisis of collapse four times, is about to die, will Citi be the next Lehman Brothers?
"It's a conspiracy, it's a conspiracy against Citi!"
"Robert, we made you the CEO of Citigroup, not because your complaint is very beautiful, we need you to solve the problem!
The phone was suddenly hung up, and Robert angrily threw the phone to the side, is the board a bunch of fools? Can't you see that someone is deliberately targeting Citi?
The Wall Street Journal, which he once loved the most, now wanted to make him sick, and he smelled a strong sense of conspiracy. Why do you want to associate the economic crisis with Citi? Why is it that not all companies are losing money now, and why is a little bit of Citi being magnified in the media?
It's something you can figure out on your toes, but no one wants to listen to him right now!
But Robert was not dizzy, and when the anger passed, he immediately calmed down again.
"Let the supervisor in charge of these two acquisitions come to my office. ”
A moment later, a middle-aged man pushed open the office door, "I'm Schelle, you're looking for me?"
"Why didn't I hear anything about these two acquisitions before they were handed over to JPMorgan?"
Schell tugged at the corners of his mouth to make himself look less nervous, "Actually, the Acquisitions Department wrote you a report, maybe you didn't read it, I think you probably forgot." In addition, the client was willing to pay tens of millions of dollars in hardship fees, so the acquisition department agreed to his application to cancel the entrustment. But we never knew that he would immediately hand over these two tasks to JPMorgan. ”
Robert shook his head, "Report, why didn't I see it?"
"I don't know, I'm new. ”
"What?"
Schell stammered and explained, "I was the deputy minister before, and my boss was just fired by you, and he was promoted by Mr. Prince. Speaking of this, Schelle's voice couldn't help but become smaller.
I don't know why the conspiracy in Robert's heart is even more serious when he hears this, there is such a coincidence? Now the person in charge of the acquisition case who has been making a lot of noise has just been fired by himself because he is a former henchman?
Robert's first reaction was that JPMorgan Chase was making trouble behind his back, but Robert immediately denied his idea, if it was really JPMorgan Chase, it would never be so obvious, revenge from Dimon? No, Dimon will not be so stupid, this limelight Dimon will not take the initiative to hand over the flower flag, he will be spurned by the entire Wall Street. Even if there is not a single good thing on Wall Street, it is these hypocritical things that have become the nobility of human society.
Then it can only be this client, and Robert subconsciously feels that there is something wrong with this client. No sooner had Wall Street experienced the Bear Stearns crisis than Citi's incapacity crisis, which forced him to link the two events together, and he doesn't even dare to look at Citi stock now, God knows what has become.
"Do you have the contact information for this client?"
The company did not stay, and this Mr. Lin Fan appeared in the company very few times, but he and Prince were good friends. ”
"Okay, I see, you go down first. ”
Robert dialed, "Hey, it's Mr. Robert, I'm Robert." ”
"Oh, it's Robert. How are you? How are you, how are Citi?"
"Of course, everything was fine. ”
"You must have worked hard, but now that I've put down my Citi job and enjoyed the sun and beaches in Phuket, I've realized that the things I used to care about didn't really matter. ”
"Congratulations on finding your favorite lifestyle, I called you and actually wanted Mr. Lin Fan's contact information. You know he's a director of the company and there are some things I need his help with. Can you help me with that?"
"Of course, it's my pleasure, but I don't know if Mr. Lin has changed his contact information, I'll send it to you later. ”
"Thank you. ”
Hanging up, Robert's face couldn't help but look ugly, damn going on vacation! He felt like he had become a clown, he seemed to hear Prince's ridicule, look, this man had taken my place, but now he was in big trouble.
At the café, Lin Fan was drinking coffee with Damon. Well, Lin Fan has already accepted his fate. He couldn't go to the dessert shop with Damon, it would be weird, to eat? Not hungry at all. Going to the spa? That's what girls do. After thinking about it for a while, it seems that I can only drink coffee. Life is like that, if you can't resist, you can only learn to enjoy it.
"The show has begun. ”
Lin Fan shook his head, "In my opinion, this is a protracted battle, and our battle has just begun. ”
"But it worked surprisingly well, didn't it?" asked Dimon with a smile.
Lin Fan was silent, as early as the Prince period, Prince had emphasized the importance of these two acquisitions, but Lin Fan still underestimated it. Now that the economy is in a recession, any financial company is cautious, because any carelessness will be the last straw that breaks the camel's back. So let alone two businesses that could be worth $8 billion, although Citi doesn't make much, the gimmick is big enough for shareholders to believe it.
"When are you going to meet Robert. ”
Lin Fan smiled, "Anyway, it's not now, at least we have to wait until he despairs." ”
"Are you sure he'll listen to you in the end?"
"It depends on Mr. Dimon's cooperation. ”
Dimon couldn't help but smile and pointed at Lin Fan, "I like your self-confidence." But you're right, when we put Robert in the plan, he couldn't get away. ”
Lin Fan suddenly remembered the words of the great man: The spark of the stars becomes the momentum of the prairie fire. He was looking forward to that day.