Chapter 1061: What Are Your Family Going to Do

PS: Out of the situation, this chapter is free

In the evening, the black extended Cadillac sedan slowly stopped in the twentieth century Fox Studios park, the style of the sedan looks a little strange, the front section of the streamlined ordinary sedan style, the middle is an extended body, but the tail is square, giving people a feeling of a gecko with a broken tail. The driver www.biquge.info get out of the car and open the door, and Elizabeth, who was standing outside the office building and explaining something to the assistant next to her, realized that it was Eric's car, walked over quickly, and got into the car.

Outside, the driver closed the car door, and Elizabeth said, "Why did you suddenly drive such a car and look so ugly?"

Eric pressed a document in his hand to his knee and said, "The girl bought it and said it was a birthday gift for me." If you want to take a courtesy car to attend the premiere, I'll have to drive this one. ”

The car started slowly, Elizabeth was stunned, and said, "Is your birthday this month?"

Eric shook his head, "No. ”

Elizabeth said, "And what kind of birthday present does she give?"

Eric shrugged, "How do I know that with how often girls give me birthday presents, I should be 280 years old by now." ”

Elizabeth sneered and said with disdain: "It's all your favorite, crazy all day long, the aesthetics are still so bad, and you have to buy such an ugly car." ”

Eric smiled: "Don't look ugly, it's very expensive, it is said to be Cadillac's next-generation presidential car designed for the White House, and Clinton hasn't even sat on it." ”

"It's ugly anyway," Elizabeth still had a smile on her face, noticing the information in Eric's hand, looking at it curiously, "What is this, um, Ford Foundation?"

Eric handed over the materials in his hand and said, "I've been looking at some family foundation materials lately. ”

Elizabeth took the information from Eric and flipped through a few pages, with a teasing smile on the corner of her mouth, and said, "So, you also have to start planning for the future?"

"yes," Eric said, leaning back in his chair and crossing his legs, "I've recently discovered that there are some things I still have to do." I used to be reluctant to call the Foundation, but now I feel that this is the best way to pass it on to a family. ”

After reading a series of materials in recent days, Eric found that these family foundations in the West, both in terms of asset size and operating model, are contrary to his original imagination.

Just like the Ford Foundation, when it was first established, the Ford Foundation's registered capital was only $25,000, and even if Henry Ford died later, all the estate was injected into the foundation, and the asset size did not exceed $2 billion, but now, the Ford Foundation's assets have reached $9 billion.

If inflation is not taken into account, the Ford family's assets have been rising, and the foundation's family succession model can also avoid the inheritance tax problem that future generations will continue to face.

What is even more surprising is that even after 100 years, with the Ford Foundation's 2% stake in the Ford Group, the Ford family still controls the world's largest automobile group under the rules of the dual-class share structure.

Outside of the Ford family, whether it is the Carnegie Foundation or the Rockefeller Foundation, in terms of numbers alone, they now control more assets than their ancestors left in the first place, and these billions of assets, although they cannot squeeze them into the Forbes rich list, are enough for them to maintain the glory and social status of their ancestors.

As for the control that Eric was most concerned about at the time, it was not a problem.

In all the family foundations that Eric has seen, control is almost entirely in the hands of the founding family, although ostensibly in the name of a non-profit public welfare foundation, which requires a certain amount of assets to be donated each year. But the way these donations work is even more interesting.

Assuming that a foundation has to donate $100 million a year, it may seem like the foundation is bleeding unconditionally, but in reality, it is the family that controls the foundation that has the final say on how the money is spent.

Whether it is the Ford Foundation, the Carnegie Foundation, or the Rockefeller Foundation, the so-called purpose of its establishment is to promote the development of education, science and technology, medical and other industries in the whole society as the goal, which is actually equivalent to promising nothing, so it also gives the foundation a very broad space to operate

For example, if a family business wants to get more favorable policy terms from the government, then it can contribute a sum of money from the family foundation to sponsor voting legislators to go on some 'tech industry' study tours, go to Hawaii, the Bahamas, or something. Moreover, no one can accuse the Foundation of violating the rules, because it is a non-profit company, which is fully in line with federal law. For example, if the children of the family are not very competitive and cannot be admitted to Harvard and Yale on their own, it is even easier to donate a sum of money from the foundation to these schools to promote the 'development of the social education industry'. By the way, it's time for the children in the family to go to college, do you want it or not?

Moreover, these are actually just relatively high-sounding operating methods, and as for various operations in private, they are even more varied.

All in all, the so-called public welfare foundation, whose it should be, or whose own, but if you give the money to the IRS, it has nothing to do with you at all.

The most important thing is to adopt the foundation model for family wealth inheritance, which can maximize the cohesion of the whole family, in order to enjoy the support of the family foundation for a longer time, as long as the descendants of the family are a little more competitive, they will involuntarily make efforts to promote the development of the foundation, which is also the most fundamental reason why the Rockefeller, Carnegie, and Ford families can be inherited for a hundred years. However, if the traditional inheritance model is adopted, even if the second generation can still be united, the third and fourth generations, because of different abilities, because of uneven distribution, or other reasons, one day, the whole family will completely fall apart.

In the car, Elizabeth heard Eric's words, but her face showed a narrow expression, as well as a faint resentment: "So, Mr. Williams, when you think about these things, have you ever thought about where your family is?"

Eric coughed awkwardly and changed the subject: "Well, what are you going to do?"

Elizabeth pursed her lips, but still said, "My dad plans to use the trust fund. ”

Eric thought for a moment and said, "Well, you should still have to pay taxes then, right?"

Elizabeth nodded: "Yes, however, the tax rate should be controlled at about 15%, and when the time comes, News Corp. will make up a little bit internally, and the family will probably be able to pay the tax without selling stocks, and our family is not as big as you." Speaking of which, your personal assets are so large that the IRS will definitely be staring at you, and it is definitely not easy for you to pass on your assets without paying taxes like other families. ”

Eric said lightly: "The IRS is still controlled by people, as long as it's not a machine, it's easy to do." ”

After chatting, the car soon arrived on Santa Monica Avenue in Hollywood.

Today is the premiere of Miramax's "The Horse Whisperer," which is released on November 6, the day after tomorrow.

As Miramax's largest investment film to date, the Weinstein brothers also attach great importance to this project, but choosing the November 6 schedule is not only the Weinstein brothers' usual film distribution operation methods, but also a helpless move.

"Starting next week, there will be an average of two new films per week, and there are super blockbusters like "Mission Impossible 3" and "Star Wars Prequel 1" in the middle, and Harvey can only choose this schedule, although there are risks, but this is also the safest distribution model," Elizabeth explained: "Speaking of which, it is the two films on the Colombian side, the schedule chosen is really interesting, "Deadly College" is placed on November 13, and "Teddy Bear" and "Star Trek: Uprising" are crowded together, and Julia's "Kiss Mom" follows the " Later in Star Wars Episode 1, I can imagine a tank running over a bicycle. ”

Eric said helplessly: "This is also no way, when I got Colombia here, the schedule was already set." Moreover, the cost of these two films is even more infuriating, "Deadly College" cost 30 million, "Kiss Mom" cost 50 million, in my opinion, the cost of these two films can be halved, I now want to pull Julia over and ask her to return half of the salary to me, a family comedy with two heroines actually asked for 20 million, robbing money. ”

"She'll probably be able to come back from Paris the day after tomorrow, and when she comes back from Paris, you can just hold down and beat her,"

"That's too cheap for her," Eric said with a 'hard shot' on his knuckles, "at least two beatings." ”

"Hehe," Elizabeth laughed, remembering something, and asked, "when are you going to London?"

The 5th Victoria's Secret show is about to be held, and in order to promote the Victoria's Secret brand in Europe, this show was held in London. Because it is a more important session, Eric will also be present.

"No. 10" Eric said: "The big show will be held on the 12th, I can rush over two days in advance, and I have to come back early, after all, there are still so many things here." ”

"Hmph," Elizabeth snorted suddenly, "It's no wonder you want to come back soon, Jealous-Daddy, so many beautiful daughters." ”

Eric smiled and reached out to hold Elizabeth's chin and kissed her, "Otherwise, if you go with me, I'll let them call you Jealous-Mommy." ”

Elizabeth opened Eric's strange hand: "Ahh

The car arrived at a theater on Santa Monica Avenue for the premiere of "The Horse Whisperer" at a flagship theater owned by REGR, the largest cinema chain in North America.

At this time, the red carpet in front of the theater was already crowded with reporters and fans, and it may be that some heavyweight guests were walking on the red carpet, and before they got out of the car, they could hear bursts of cheers.

Under the guidance of the staff, the Cadillac sedan paused for a moment before driving to the end of the red carpet, Eric got out of the car first, turned to the other side to hold Elizabeth, and the two walked to the red carpet together.

Compared with those celebrities in gorgeous costumes, the two of them dress very casually, Eric is wearing a daily black suit, and Elizabeth is just a long aqua blue tunic dress, but the two stepped on the red carpet, causing more sensation than any other guest present.

Because of the topic of Eric during this time, not only the fans who cheered constantly, but the reporters on both sides of the red carpet were excited, frantically pressing the shutter at the same time, they also asked questions loudly to the two, if it wasn't for the security on both sides of the red carpet to maintain it, the reporters would even break through the protective fence and rush to the two of them.

Eric and Elizabeth walked slowly across the red carpet and into the theater without any distraction.

In recent years, Eric has been consciously appearing in public with his different women, and this has continued, although he has never explained anything to the public, but many people have slowly accepted the fact that he has several girlfriends.

That's what Eric wants to achieve.

The Weinstein brothers have accumulated a very strong network over the years, and when they came to the theater hall, they were already crowded with guests from all sides, and everyone was chatting in groups, and when they saw Eric and Elizabeth appear, they all gathered around.

After a while, Elizabeth was pulled aside by Harvey Weinstein to discuss something, Eric chatted with Robert Redford, the director of "The Horse Whisperer", and was about to go to Elizabeth's side, when a blonde girl in a white dress came over: "Mr. Williams, I'm so glad to see you again, do you remember me?"

"Of course," Eric smiled and nodded, "You're Kerr's little friend, Scarlett Johansson, aren't you? You're so beautiful today." ”

"Thank you," Scarlett said, a little shyly, "Mr. Williams, I also want to thank you for helping me get this role." ”

Eric shook his head: "It's not necessary, in fact, I didn't help much, or your own results were recognized by Harvey." ”

Scarlett finally found an opportunity to come forward and say a few words to Eric, she didn't want to be just so unproductively polite, but just as she was about to continue something, Elizabeth and Harvey walked over to Eric, Scarlett had to give up the topic she had just thought of, politely greeted Harvey and the two, and walked away a little disappointed.

"A little guy with a lot of potential," Harvey praised as Scarlett walked away, and added, "Eric, let's go inside, it's about to start." ”

Eric nodded, feeling Elizabeth naturally holding his arm, but there was a pain in his arm, and he said helplessly: "I didn't do anything, just for the little girl." ”

Elizabeth glared at Eric with disdain, "You obviously like little girls. ”

"You're slandering. ”

"What did Drew say?"

"Well, I surrender. ”