Chapter 165: The Wagner Family's Heritage
Horst's ambitions are infinitely inflated......
It's not surprising that there is such a change.
Since the establishment of Phoenix Investment Group, Tang Bao's energy has hardly been put on this, and almost everything has been decided by Horst. In the past, Tang Bao would go to Phoenix Investment Group every ten days and half a month, but since he went to Texas last year to buy the Southern Company in the United States, Tang Bao has only been to the company three times, and the stay is very short.
There is a long blank period, and the power is monopolized, and there are no constraints.
Call.
Tang Bao took a deep breath and sighed secretly, "Alas, it's really unpredictable!" Horst, I hope you don't disappoint me...... "Phoenix Investment Group has been able to develop to today's scale, of course, relying on his crossing advantages, but it is also inseparable from Horst's careful management. He really doesn't want to lose this arm, to be honest, it is not easy to find such a satisfactory management talent.
……
"Boss, where are you going now, going home?" Waiting for Tang Bao to sit down, Nick asked in a low voice. Maybe it was clear that Tang Bao was angry about Horst's matter, and he was extra careful when he spoke.
Silent.
Tang Bao, who was sitting in the back seat, squinted slightly, and after being silent for a few minutes, he said slowly: "Go to the American International Capital Management Company." ”
"Uh, good!"
Nick was a little curious, but he didn't ask.
Soon.
Tang Bao and Nick came to the American International Capital Management Company.
"I'm looking for your Wagner president." Tang Bao walked to the company's front desk and said to the reception staff. Wagner's business card had long been thrown into a corner by him, and he didn't remember the other party's phone number, only the other party's company. "Just tell him that Tang Bao is looking for him!"
The reception staff were polite. Very cooperative called Wagner to explain the situation.
"Mr. Tang, please wait, President Wagner will come down soon." After talking to Wagner on the phone. The reception staff became more polite and welcoming.
Well.
Tang Bao smiled and nodded.
Apparently.
This change in the reception staff must have been due to the fact that Wagner reminded the reception staff of something, and he did not pay attention to it.
"Hi, Don!"
Wagner, who walked over quickly, gave Tang Bao a warm hug. "Don, you're really busy, it seems like we haven't seen each other for almost four months."
“……”
Tang Bao had no choice but to hug Wagner, but he secretly slandered himself in his heart, and was a little resistant to the man's hug. Of course, if it is replaced by a beautiful woman. It's a different story.
"Don, this is also your first time at CICM, why don't you visit my office?" Wagner invited.
"Nope. Let's go out and talk! ”
Tang Bao shook his head and rejected Wagner's invitation, many investment firms would not be happy to have people come and go in their workplaces.
"It's fine."
Wagner smiled and nodded. Then he took Tang Bao and walked towards a nearby café.
About ten minutes later.
Tang Bao and Wagner sat opposite each other in the café, while Nick sat next to him with interest, usually eating at the same table with the boss, but he still had to obey the rules outside.
"Don. In your Chinese parlance, it means that if there is nothing to do, you will not come to the door...... This. Is there anything looking for me? Wagner asked with a smile.
Hear the words.
Tang Baohe laughed and corrected: "That's called going to the Three Treasures Hall for nothing." When did you become so interested in Chinese culture? ”
"It's just been contacted, and it feels quite interesting."
Then.
Tang Bao didn't continue to go around the bend, and said in a deep voice: "East West Bank is also invested by me. I'm sure you've heard about East West Bank. ”
"It's hard to think about something so big. Don, I have to say a word to you, this time. The mistakes you made are simply unforgivable. No deposit insurance, do you know what that means? There is no insurance, in case the bank goes bankrupt and fails. That deposit is not protected by law and will not be compensated. It can be said that the crisis of East West Bank cannot be solved by any one person, and no matter how strong an individual is, he cannot compare with the government. The Federal Deposit Insurance Corporation (FDIC) acts on behalf of the government to guarantee the safety of depositors' deposits. East West Bank does not have this implicit guarantee...... There is no surprise in the event of any crisis. Wagner explained helplessly.
He really couldn't understand how Tang Bao, who was thriving on Wall Street, could make such a low mistake!
"Wagner, I know all of this. It's only been a little over a year since I bought East West Bank, and I didn't even know that East West Bank didn't pay deposit insurance to the Federal Deposit Insurance Corporation before the accident. Tang Bao said with a wry smile.
"Don't know ......?"
Wagner's eyes widened in disbelief.
Well.
Tang Bao nodded.
"Okay, it's all happening, it's too late to say anything." Robert has resigned for this reason, and Tang Bao is not willing to continue to work hard, and now, he is more concerned about how to resolve the crisis. "Wagner, I need your help......" Wagner is the most familiar with him, and the relationship is very harmonious, so Tang Bao wanted to find him first.
"Don, you still don't want to give up East West Bank?" Wagner asked in surprise. In his mind, there was no need to save East West Bank after such a big scandal and its reputation was completely damaged. Just let it go bankrupt, regain secret control of a new bank, and buy East West Bank's high-quality assets at a bargain. In this way, it not only keeps high-quality assets, but also throws off the burden.
The price to pay is just a change of bank name.
"Of course."
Tang Bao is naturally authentic.
"Don, there's no need for this. I know that you Chinese have a good face and think that it is a shame for your company to go bankrupt, but bankruptcy in the United States is very common, and there is no need to care. Letting East West Bank go bankrupt is the easiest and most effective solution for you...... There may be a lot of people who will be angry about the loss of their deposit, but it doesn't hurt either, it's legitimate. Wagner persuaded.
Tang Bao smiled bitterly and shook his head.
Face?
That's not the case at all.
"Wagner, East West Bank is being targeted by some opponents, and your solution, although simple, is also very violent. Even if I'm willing to do this, I'm afraid that the opponents behind the scenes won't let me do it easily. They will take advantage of the anger of those depositors. It's hard to say whether I'll be able to stay in the banking industry by then...... It's not that easy to change the shell and be reborn, and many people are staring at it. ”
"Uh."
When Tang Bao said this, Wagner was also stunned. His method is simple and effective, but it is also very vicious, and the interests of countless depositors have been sacrificed. If you are really picked up by your opponent to talk about things, then the trouble will continue, and at least the reputation will be completely ruined.
"Don, I'm sorry. I was a little too reckless. Oh, by the way, do you know who your opponent is? Wagner asked suddenly.
Rival......
The timing of the crisis at East West Bank was so clever that if you think about it, it must have something to do with Wells Fargo and First International Cincinnati. But who did it hasn't been figured out yet.
"Wells Fargo and First International Cincinnati are both last competitors in East West Bank's acquisition of First Wisconsin International Bank. I am afraid that the crisis of East West Bank is related to one or both. But. I think Wells Fargo is more suspicious. After all, Wells Fargo's strength is there, while First International's Cincinnati is much weaker and should not be able to affect the Federal Deposit Insurance Corporation...... "The outbreak of the East West Bank crisis is directly related to the vice president of the Federal Insurance Company. Whoever has the strength to instruct him to expose the loopholes of East West Bank is undoubtedly the mighty Wells Fargo Bank is much more suspicious.
And.
Wells Fargo's president, Rand, has also repeatedly publicly expressed his hostility to East West Bank.
"Wells Fargo?" Wagner couldn't help frowning, and then, with a look of helplessness and surprise.
"Yes. What's your expression? Tang Bao was surprised.
Moment.
Wagner said helplessly: "Don, I have something to tell you. In fact, our family is also one of the shareholders of Wells Fargo, occupying 3.85% of the shares. ”
"Uh......"
Is Wagner's family a shareholder in Wells Fargo? Tang Bao was stunned for a moment. This is something he absolutely did not expect, and Wagner has not mentioned it before.
"Don, I promise, this has absolutely nothing to do with our family. The equity is in the hands of my father, who has long since retired, but he only asks about things, and only receives dividends every year. Wagner attached great importance to Tang Bao, and he didn't want to misunderstand Tang Bao because of this, so he hurriedly explained.
Tang Bao couldn't laugh or cry.
After doing it for a long time, it turned out that the "culprit" was in front of him. However, he really can't blame Wagner. After all, the Wagner family only owns 3.85% of the shares, so they cannot influence decision-making, and they also say that they only receive dividends and do not participate in corporate governance at all.
"Don, the director of Wells Fargo, I also know a lot, and I can match you up and clear up misunderstandings. If the FDIC was really Wells Fargo's doing, I think it would have been resolved. But if another opponent did it, I can't help it. Wagner said.
Pause for a moment.
Wagner continued: "Don, in fact, what you just said is not right, First International Cincinnati seems to be weak, but since he dares to compete with Wells Fargo and East West Bank, how can it be simple, behind his weakness, there may be an unimaginable giant. Speculation based on superficial speculation is often inaccurate. ”
Hear the words.
Tang Bao couldn't help but nodded, there are indeed many powerful consortia in the United States that secretly rely on inconspicuous funds, companies, etc. to control many industries. Perhaps, the First International Cincinnati is a pawn controlled by a certain consortium......
Originally.
Tang Bao just wanted to find Wagner to support East West Bank, and also hoped to rely on his connections to meet and communicate with the American political elite. Unexpectedly, the harvest far exceeded expectations, and the Wagner family was a shareholder of Wells Fargo, which he never expected.
Call.
Wagner's family, seemingly an inconspicuous small family, actually has such a background, no wonder Wagner is in the mix. (To be continued......)