Chapter 6 is very simple, very insignificant
"It's not easy to get Baldwin out of office, Grandpa," Li Xu said at this time, "and those old people at Stanley may not be able to afford the profits of junk bonds, they always talk about corporate culture, and the first thing that comes to mind about any reform is whether it will destroy that culture." Pen "Fun" Pavilion www.biquge.info They are not like you, they know the trade-offs and keep pace with the times, they are outdated. ”
If it weren't for your great ideals, you wouldn't necessarily accept it, he said at the same time.
"Besides, now my father is Stanley's partner," Li Xu immediately said, "When the 'Impudent Gang of Six' seized power, my father supported them. ”
"Then find someone from their gang to take over, anyway, what I'm asking for is a leader who is open-minded and willing to make progress. Grandpa immediately turned around and said.
There is a power struggle everywhere, and Morgan Stanley is no different, and it is time for young people to take the stage when the once dominant figures begin to grow old and become conservative.
The "Gang of Six" was one such group, led by Robert Baldwin, six young partners who were relatively young compared to the old ones, who seized power from Morgan Stanley in the early '70s and overhauled bloated and sluggish businesses.
Because in the eyes of the elders, they were rude, lacked humor, and did not have the gentle style that bankers should have, so they were dubbed the "Gang of Six".
It seems that they have a lot of merit, but in fact there is nothing to praise, first, whoever sits in that position will carry out reforms, and if they do not reform, the company will not be able to keep up with the times and will decline; second, this "rude Gang of Six" also waited for many old people in key departments to retire and go to power themselves before they began to rebel; three or ten years later, that is, now, Baldwin has also begun to become conservative.
In fact, in that remembered history, Baldwin was also ousted in '83 for the same reasons of being conservative and unenterprising.
The reason why Li Xu remembers it so clearly, including the previous case about Milken, is because before he was reborn, he had a friend who was working as an intern trader, and he bragged about the charm of this industry in the QQ group every day, and also posted a signature such as "Speculation is the most magical job in the world".
This nasty guy often sends him private trading charts, and proudly declares how much he has done, although the total is only a few hundred or even dozens of dollars. In addition to this, he often sent him some biographical information about Goldman Sachs and Morgan Stanley to show his erudition.
Li Xu was so impatient that he read a few books, but he didn't expect to use them now. All the previous foresights related to finance, including the Hunt family silver case, were known from those books.
As for why you can still remember it after being reborn for more than ten years, don't you know that there will be a golden finger when you are reborn? Li Xu has two golden fingers, one is the memory that he never forgets, and as long as he spends time, he can always recall the bits and pieces of his previous life; the other is that he has a very strong physique, he has not been sick once since he was a child, and he can easily kill Deng Lijun in bed.
Of course, if you want to say that, 20 years of rebirth has achieved nothing, there is no accumulation, and even short films are not good, but as soon as you get the official camera, you can immediately copy the original version, and then the mentally handicapped villains have sent their faces to the countryside.
Or before rebirth, it was ordinary, and immediately after rebirth, the performance talent was full, the affinity was full, and the network was casually managed, the favorability was full, and the world became a world that spoke with ability, and the wives in the circle who had been separated from each other for a long time were full of feelings.
To say that there is no gold finger in these is very true...... It's good if you're happy.
Therefore, Li Xu knows that he is the protagonist, 100% the protagonist. Okay, it's also possible that the villain boss, but so what?
But with nearly 30 partners, if you want to get half of them to support, Dad has to come forward, but if he does, he will inevitably be seen as betraying Baldwin. Li Xu said again at this time.
Morgan Stanley in 1980 was still a partnership system, and the opinions of each partner were very important, unlike the joint-stock system, where the majority shareholders always had a higher voice than the minority shareholders, and Morgan Stanley would not be integrated into the joint-stock system until 86 or 87 years in the previous life.
Actually, it's not a big deal to betray or something, there are many things to change the court, his father in this life originally went to Goldman Sachs to do things, and was finally forcibly asked to come back by his grandfather.
But sometimes the wind still plays a role, so unless Daddy can become the head of Stanley after Baldwin is ousted and generate more profits, the word betrayal will definitely have a negative impact.
As for waiting for Baldwin to step down himself, as in history, it is better to save it, this is the chaotic 80s, and it will be less profitable to integrate resources a year later.
"Don't worry, I'll take care of it. Grandpa glanced at him, didn't say much, obviously felt that he couldn't intervene in this matter.
Li Xu shrugged his shoulders and then changed the subject: "So, what about the Glass-Steagall Act?"
"Whoever comes to power next year will have to loosen financial controls, which is something that everyone has decided. Speaking of this, Grandpa's tone was relaxed.
The so-called "everyone" naturally refers to the group of people who can attend the annual meeting of the Federal Reserve.
"Just relaxing control?" Li Xu blinked.
“…… For the time being, this can only be the case. Grandpa was silent for a moment and then replied, suddenly becoming a little depressed, "It's up to you later." ”
Seeing him like this, Li Xu couldn't help but bared his teeth, obviously, grandpa didn't think that he would live to see his ideals realized.
Even so, he refused to give up, after all, it was the greatest wish and ideal in this life, and he really worked hard.
As for what aspirations and ideals are, oh, very simple, very insignificant, just...... Just rebuild the Morgan consortium.
After all, for an illegitimate child, what could be more relieved and slap in the face than when the official members of the family were kicked out of the stage, but the person who was excluded stood up again with the group?
Yes, Li Xu's grandfather in this life, Andrew Charles Lee, or Andrew Charles Morgan, is the illegitimate son of Jack Morgan. It is normal that the financial predators of that era, except for the freak of Rockefeller, few did not find mistresses, and the set of illegitimate children was inherited from Europe.
For some reason, little Morgan liked Andrew's illegitimate son very much, and took care of him all the time - well, at least that's what Grandpa said, and he was full of affection for little Morgan.
However, an illegitimate child is an illegitimate child after all, even if Morgan Jr. likes him very much, he still has no status within the family, and after graduating from Harvard University, he was excluded to the West Coast, and after changing his surname to Lee, he founded his own business with the secret support of Morgan Jr.
To be honest, this bloody plot made Li Xu goosebumps all over his body when he first learned about it, is it really more bizarre than the novel? Or is this a novel at all?
All in all, Grandpa's greatest hope in life is for him to reorganize the Morgan consortium, which was split into three groups because of the Glass-Steagall Act.
Seven years ago, three Morgan holding the title of Morgan, Morgan Fortune, which is responsible for the UK and Europe, Morgan Stanley, an investment bank, and JP Morgan, a commercial bank, met at the Cavern Bay Hotel in the Bermuda resort to discuss the merger, and he was instrumental in this.
But because the divergence of interests was too great, and the Glass-Steagall Act was a big mountain, it ended up in nothing.
This incident hit his grandfather, second only to his grandmother's death, but probably because of this, he will seriously consider Li Xu's prophetic suggestions now.
"The Glass-Steagall Act is a big mountain, and if we don't move it, rebuilding the Morgan Consortium is an empty word. But repealing the Glass-Steagall Act will require constant experimentation, and it will be a long process. In addition, the three groups may not necessarily be willing to merge because of their interests. Instead of thinking about merging, it is better to strengthen yourself and then annex them. Li Xu said so.
Of course, it is not said at one time, but through various interjections, questions and inspirations, in the past few years, mixed with ordinary conversations, directly and indirectly conveyed to grandpa, Li Xu, who has been a man of two lives, is not a big mouth.
One or two sentences, grandpa may not care, but after listening to a lot, he will always think about it. Coupled with Li Xu's right to speak and credibility, it has increased little by little in the past few years, which is why he is talking again and facing up to his scattered proposals.
Then, Li Xu can calmly arrange and do what he wants.
"Don't talk about that. Grandpa waved his hand at this time, "Another thing, besides that Jew, I have also met with Australians, very interesting boy." ”
Li Xu immediately twitched the corner of his mouth, Okay, Rupert Murdoch is only one year older than his father, and it's perfectly okay for you to call him a brat.
"Very capable, very aggressive, likes to negotiate to solve problems," Grandpa continued, "I told him a little bit about what you said, the idea of a media empire, and he was very interested. ”
"Oh?" Li Xu raised his eyebrows, "So what do you mean......"
However, Grandpa didn't answer, frowned and pondered for a moment before saying, "I didn't expect that Murdoch has quietly acquired so many American newspapers, and those media groups have been sluggish to this point?"
That's of course. Li Xu said this in his heart. In the 80s, there was a merger and acquisition frenzy in the United States, and he remembers that in the early 80s, there were more than 300 media outlets of all kinds, and 20 years later there were only seven or eight large media groups left.
There are many reasons for the M&A frenzy, which I won't discuss here, but this time is the weakest and most confused moment in history.
Warner has not merged with the times, Lianmei's "Heaven's Gate" is about to be released, MGM has already fallen into the hands of Kirkrian, Disney's market value is only about 2 billion, Fox has made a profit from the "Star Wars" series but still can't make ends meet, Coca-Cola has no intention of running Columbia, Universal is mediocre as a whole, and only Paramount is not bad under the leadership of Barry Diller, Michael Eisner, and Jeffrey Katzenberg.
So, if you want to take control of Hollywood, now is the best time to start.