"Don, I'm sorry, I'm very satisfied with my current work life and have no plans to change the status quo for the time being. And as far as I know, you have always had a very strong independent judgment in the field of financial investment, and rarely follow the advice of others. Becoming your personal advisor is not a good thing for you or me, because even I can't give you any more advice......," Mrs. Annette dismissed lightly.

Forehead.

Tang Bao was stunned, he thought that Mrs. Annette would directly agree to come down next, but he didn't expect the other party to refuse his invitation.

But.

Tang Bao was also prepared and was not discouraged.

"Oh, Mrs. Annette, you may have misunderstood what I meant, but the team of private advisors I am going to set up is not limited to the investment field, but it is more of a macro responsibility, assisting me in managing all my assets...... The advisory team will be the core of my think tank! At the same time, it is also the central institution that assists me in managing the assets under my name! Tang Bao emphasized the role of the advisory team.

Hear the words.

Mrs. Annette couldn't help but be moved, and it was clear that the nature of this private advisory team was not investment advisory services in the ordinary sense.

It's more like a family office of a consortium.

"Tang, you've positioned a private advisory team as a central institution to help manage assets, but now that East West Bank and Phoenix Investment Group are on the right track, it doesn't seem necessary to spend any effort to form a new team, right? Could it be that you have another company? Mrs. Annette couldn't help but ask.

"Of course. I don't have just these two companies, I have a lot of assets, and they will get more and more over time, and I don't have that much energy to do everything myself. Therefore, I want to build a team to oversee all the enterprises, and the consultant team will not only help me analyze the future economic development trend and formulate development strategies, but also help monitor the subordinate enterprises. There may also be other responsibilities involved...... Well. Over time, its responsibilities will evolve into a family service team. ”

"Hmm." Mrs. Annette nodded as she listened. Although Tang Bao did not specify what other industries there were, she did not follow up.

Because.

Compared with Tang Bao's industrial problems, Mrs. Annette wants to find out what kind of organization this private consultant team will become.

Tang Bao also noticed that Mrs. Annette was interested in the concept of a private consultant team, so he explained with a smile: "My consultant team is about five to seven people, including high-end talents in economics, finance, law, finance, intelligence, technology, security, etc. ”

"Lady Annette, you are the first person I have ever invited." Tang Bao said solemnly, since this idea appeared in his mind, the first person who came to mind was Lady Annette. He was ready too. Tie Lady Annette to his chariot at all costs.

Hear the words.

Mrs. Annette fell silent and said, and the blueprint drawn by Tang Bao also made her excited, and her blood flow accelerated excitedly......

However, she is a very rational person and does not rush to make decisions on the spur of the moment.

I thought about it for a long time.

Mrs. Annette slowly spoke: "Don, I can only promise you to be your economic adviser for the time being......

"Temporary?"

Tang Bao was stunned.

"Yes. Phoenix Investment Group and East West Bank seem to be huge, but. Their total value is only about $10 billion. That's not enough for me! Lady Annette said. Don, you have to be clear, all over the world. Even in the United States, there are not many families that hide their wealth, and this money is nothing at all. ”

"Hmm."

This. Tang Bao agrees very much. He also knew that even if all the assets were combined, he was afraid that he would not be able to compete with some powerful families.

"Don. If you can accumulate a fortune of $50 billion in three years, I will consider becoming your official private economic advisor. If, in three years, your assets don't reach $50 billion, I'll quit ......," said Mrs. Annette.

"Three years, five billion dollars, no problem!" Hearing Mrs. Annette's proposal, Tang Bao agreed with a smile without hesitation.

Moment.

"Mrs. Annette, maybe you're going to be your official personal economic adviser in advance." Tang Bao said confidently. Although the assets in various places he invested did not reach $50 billion, they were not much closer to $50 billion. What's more, next year will be 1989, and a stock market crash will break out in Japan, which will be another opportunity for Tang Bao to loot wealth. He is sure that his fortune will exceed $50 billion next year.

"Oh?"

Mrs. Annette was a little surprised by Tang Bao's confidence, and then smiled: "Heh, Tang, it seems that you have a lot of hidden assets......

"It's not hidden, it's just that if you don't pay attention, it's hard to find out. In fact, I have investments in China and in Japan, the United Kingdom, Hong Kong, etc. Tang Bao explained with a smile. These investments are very dispersed and in escrow, and I can't oversee them all the time, so I wanted to put together a team of advisors to help me control these assets as soon as possible. ”

Mrs. Annette didn't nod, the assets are so scattered, and they all rely on managers, it is inevitable that there will be no accidents, and it is normal for people to find a team to monitor.

It's just that.

She was also very surprised that Tang Bao's industry would expand so quickly. Before, I had never heard of Tang Bao investing in Japan or Hong Kong.

……

Now that she agreed to be Tang Bao's personal economic adviser, Mrs. Annette quickly entered the role. However, before she can make a feasible suggestion, she needs to clear Tang Bao's plan.

"Tang, now that the acquisition of East West Bank has been completely completed and it has become one of the top 10 banks in the United States, what are your plans next?" Lady Annette asked.

"...... are you going to do?" Tang Bao groaned. "Mrs. Annette, do you think that if East West Bank expands in the United States, will it go well?"

"Still expanding?!" Mrs. Annette was surprised.

"Well, yes, with that in mind, banks are now in the most difficult period, the most favorable period for expansion. However, I am afraid that if we continue to expand excessively, it will cause a strong backlash in American political circles...... After all, the acquisition of FirstWisconsin International Bank is a big deal. Tang Bao said what he thought.

"Whew...... Don, since you have seen the situation clearly, then you should understand that if East West Bank makes another move, I am afraid that it will cause panic. My suggestion is that East West Bank should digest FirstWisconsin first, and then expand is not appropriate. You know, a lot of lawmakers and people are very unhappy with East West Bank's acquisition of FirstWisconsin International Bank. ”

"Hmm."

Tang Bao nodded, he was aware of these at the time, but he couldn't help the greed in his heart. Now Lady Annette's advice can also shatter his illusions and effectively stop him from doing stupid things.

Alas.

Tang Bao sighed lightly in his heart, people are greedy animals, even if they know that they can't do it, they want to go to the moth to put out the fire......

"Next, I want to do a restructuring of Phoenix Investment Group and East West Bank!" Shaking his head, putting aside those unrealistic fantasies, Tang Bao said his plan without hurrying.

"Reorganization?"

Mrs. Annette looked at Tang Bao suspiciously, it seems that East West Bank has just been integrated, why should it be restructured, and Phoenix Investment Group is also performing well.

"Yes, restructuring. I want to bring the two companies closer together. Today, Phoenix Investment Group owns a 10 percent stake in East West Bank. Next, I plan to have a reverse stake in East West Bank in Phoenix Investment Group, so that the two companies will cross-sharehold......"

"Tang, is this the reason why FirstWisconsin International Bank preferred to merge with East West Bank at a low price?" Mrs. Annette stared at Tang Bao and asked, East West Bank only paid 18 US dollars to acquire FirstWisconsin International Bank, and the original East West Bank's competitor bid higher, as high as 2.6 billion US dollars, but failed. Instead, it was East West Bank, which made a low bid, that succeeded.

"Hmm. I can't hide anything from you. Tang Bao nodded and said with a smile. This is one of the agreements reached with the original shareholders of FirstWisconsin International Bank. East West Bank must have a stake in Phoenix Investment Group...... In this way, those people also indirectly own the equity of Phoenix Investment Group. ”

Well.

Lady Annette came to her senses and finally solved the mystery in her mind.

"Well, to be honest, Don, cross-holding, for you, definitely the pros outweigh the cons. Although you are the majority shareholder of the two companies, as long as there is a bond between you, you will continue to cooperate. However, this kind of cooperative relationship formed by people is not reliable with equity interests. After all, even if it's all your industry, there is still competition among the people below, and it may be difficult to thoroughly implement your strategy for their own benefit. Cross-shareholding, the company's interest bundling, can solve this problem well. Mrs. Annette analyzed with a smile.

Tang Baoying said: "I think so too. After cross-shareholding, the bond role of me, a 'person', will be relatively weakened, but equity integration can tie the two companies together more compactly. ”

"In addition, the cross-shareholding will allow the two companies to work more closely together. Phoenix Investment Group will receive financial support and reduce financing costs; And East West Bank's investment income will also increase. Lady Annette continued, "However, there are some hidden dangers here! ”

"Oh?"

Tang Bao was stunned, he thought a lot about the benefits of cross-shareholding, but he hadn't noticed what problems existed.

"There is a premise for the two companies to form a win-win situation, that is, Phoenix Investment Group must ensure a certain amount of income, at least not a large amount of losses. Therefore, after the two companies are cross-shared, you need to focus on monitoring your risk management and control issues in Phoenix Investment Group! Mrs. Annette reminded. (To be continued......)