Chapter 264: Citi's nemesis
Lin Fan felt that he should consider Jack's suggestion, and his air ticket money from Huaxia to the United States was indeed almost enough for Twitter employees to improve their work benefits. Well, Lin Fan really hopes that video call technology can develop rapidly, and then he can communicate and work across borders, but it still doesn't seem to work, and video conferencing can't solve the matter of signing a contract.
That's right, Lin Fan went to New York again this time because he wanted to sign a contract with Citigroup, and he obtained 5% of Citigroup's shares for $7.4 billion. It has to be said that Prince moved too quickly, and of course it can be seen that he still has authority on the board, otherwise the directors would not have agreed to his decision, but Prince would never have imagined that he would be swept away in less than a month.
"Prince, from now on we have been friends on the united front. Lin Fan put the contract he had just signed in his briefcase.
When Lin Fan became a shareholder of Citigroup and the largest single shareholder, the status of the two was very close. Prince shook his head, "We're not just friends, maybe you'll be my angel too." ”
"Oh?"
"The news of your stake has been blocked so far, and I will release it in due course, which should surprise the discouraged shareholders. ”
Lin Fan smiled secretly in his heart, I'm afraid he wanted to surprise the shareholders who were disappointed in you. Lin Fan's shareholding is a lifesaver for Prince, once the board of directors forces the palace, if Prince releases this news, the stock price will rise appropriately, and he may be able to get out of his own crisis.
But Lin Fan knew the determination of the Citi board of directors, they were bound to kick out Prince, which also meant the U.S. Treasury Department, Citi under the leadership of Prince was likely to collapse, and the collapse of Citi would cause turmoil in the entire United States, so once Citi's third-quarter financial statements appeared, Prince's brilliant career would be over.
Lin Fan didn't have the kindness to guide Prince, Citi has been taken as a bag by Lin Fan, Prince was kicked out as soon as possible, and only those who have the ability can help Citi get out of the predicament earlier. In the future, Lin Fan will inject more than $10 billion into Citi, and he doesn't want to see his money go down the drain.
"Lin, it is estimated that someone will contact you in the near future, you have to pay attention. ”
"Oh?"
Now in Prince's eyes, Lin Fan is undoubtedly worthy of his trust, and the two have no conflict of interest at all, so he said without any worries, "JPMorgan Chase may have been eyeing the two acquisitions you entrusted to Citi. ”
Lin Fan looked confused, JPMorgan Chase? What is the situation with JPMorgan Chase? His boss is the Morgan family, one of the top conglomerates in the United States. Even the financial crisis didn't have much impact on it, it was a giant existence.
Seeing that Lin Fan was stunned, Prince thought that Lin Fan was moved, and couldn't help but immediately say, "Lin, in fact, the acquisition can be carried out by any investment bank, and Citi is an expert in this regard, although JPMorgan Chase is also very good." But you also have to look at other aspects, and if I'm saying that if Citi is in crisis, these two mandates can even play a decisive role, and you should think about Citi as a whole now. ”
"Prince, you think too much, I'm a shareholder of Citi now, how can I betray Citi's interests? I was just a little shocked just now, you know that the Morgan family also has a lot of legends in China, I didn't expect to deal with him one day. ”
Preston showed a look of surprise, but his expression showed a touch of pride, "When Citigroup was established, the glory of the Morgan family no longer existed, and JPMorgan Chase could only look forward to Citi!"
Lin Fan slandered, that was when Citi was just established, but now Citi is only afraid that it is looking at people's backs.
"Oh? I'm curious about this history. ”
......
Lin Fan didn't expect Prince's guess to be so accurate, and the mortal company in Huaxia received a call from JPMorgan Chase, and Lin Fan got the contact information of Jamie Dimon, the current president of JPMorgan Chase.
And Lin Fan chose to accept Jamie Dimon's invitation, to be honest, walking in JPMorgan Chase Lin Fan is not interested in this legendary company, he is interested in the next Jamie Dimon, after listening to Prince tell the history of Citi, Lin Fan consulted some information, and then found some interesting things.
The moment he saw Jamie, Lin Fan was very satisfied, as the saying goes, each other is born from the heart, and there will always be a good impression when looking at a handsome person, this old man is energetic and handsome, not at all like a fifty-one-year-old man, and about thirty or forty years old.
And Dimon was the first to smile: "Lin, welcome to you." ”
But Lin Fan didn't dare to take it, this is known as the most powerful banker in the United States, and is one of the 25 most influential business leaders in the business world by Fortune magazine, and Lin Fan from later generations knows that Jamie Dimon is still the most trusted economic figure during Obama's tenure, and some economic policies are from Jamie Dimon's hands.
"Mr. Damon, it's an honor to meet you. ”
"No, it's my honor, because I firmly believe that Mr. Lin's arrival will surprise me this time. ”
Lin Fan suddenly smiled, he felt more and more that the information he checked was true, Jamie Dimon was not an ordinary person, and the creation of the current Citigroup was at least half of Jamie Dimon's credit.
In 1985, Jamie Dimon and Sandywell were swept away by the Amex Group, and in 1990, the company they founded surpassed the Amex Group, and their new company officially became the Traveler Group. And their greatness has just begun, the largest merger in American history appeared, the Travelers Group and Citibank merged, becoming the largest bank in the United States and even the world, this is the new Citigroup.
But Dimon was so good that his teacher Sandy Weir felt threatened, so he was swept away by Citi, and Citi's market value evaporated by $11 billion that day. He then turned down the CEO positions of many good companies, and instead chose a loss-making bank, Meiyi Bank, whose stock price rose 12 percent on the day he joined.
In 2004, Ama Bank was acquired by JPMorgan Chase, and Dimon became the CEO of JPMorgan Chase, a day that Wall Street regarded as the return of Dimon as king and the beginning of revenge against Citi.
Unexpectedly, Lin Fan actually encountered this revenge, and it was related to him.
"Surprise is a beautiful word, and I like to bring joy to others. ”
Dimon smiled, "Maybe we'll be friends." ”
The two sat opposite each other, but the two looked at each other and didn't seem to stop, and Dimon suddenly spoke: "I haven't congratulated Mr. Lin on becoming the largest single shareholder of Citi. ”
Lin Fan's expression remained unchanged, through the information, he already knew that Dimon had a great influence on Citi, and even when he was swept away, many senior managers of Citi took the initiative to leave and defect to Damon.
"Thank you, Mr. Damon, you are the second person to congratulate me. ”
Dimon smiled and suddenly became serious, "Mr. Lin, are you interested in handing over the two businesses entrusted to Citi to me to complete, I think you understand that JPMorgan Chase is more powerful than Citi now." ”
Lin Fan shook his head, Damon's face changed, and Lin Fan nodded immediately.
"Mr. Lin, what do you mean?"
"I'm a businessman, it doesn't matter what business I do or who I do business with, what matters is what I get?"
Dimon stared straight into Lin Fan's eyes, and after a moment, smiled......