Chapter 425: Do a big vote
"Mr. Strong, please tell him if I have the right to let him go." Wang Tianyu still said lightly.
"Mr. Wang has been appointed by Jinxin Bank with carte blibri, and since Mr. Wang's tenure, Mr. Wang has the right to decide on any affairs of Jinxin International Investment Group, even if he complains to Jinxin Bank, Jinxin Bank will not accept it." Strong said aloud to everyone, which directly told everyone here that Jinxin Bank had handed over all Jinxin International Investment Group to Wang Tianyu to be responsible, even if Wang Tianyu really sold Jinxin International Investment Group, Jinxin Bank would not ignore it.
After everyone listened to Strong's words, they all shut up one by one, even the bosses of the people had no opinions, how could they dare to have any opinions? Who would be so stupid as to live with their own jobs? Look, even Wang Tianyu took Strong's position, Strong didn't say a word.
"Do you have any comments on my request?" Wang Tianyu saw that everyone was silent, so he then asked.
"Since there is no opinion, then they all agree with what I said, if anyone dares to play any tricks on me, I will let him die an ugly death." Wang Tianyu then squinted his eyes and glanced at everyone and said.
"So let's talk about the second thing, which is a five percent increase in the salaries of all employees at the Wall Street headquarters." Wang Tianyu continued.
After hearing this, everyone in the conference room showed a smile on their faces, their annual salary is not low, and an increase of five percent is also a lot of income, who would think that the salary is high?
Wang Tianyu: This is a combination of grace and power. I just suppressed them, and then I gave them a little sweetness so that they could work harder.
"The third thing will be our company's confidentiality, and it is also the most important thing in this meeting." Wang Tianyu then said with a serious face, and handed over a document as he spoke. This information was prepared by Wang Tianyu before he came to Wall Street.
After everyone got the information, they all fell silent, and some even frowned. Only Hua Ying, Wang Meilin and Guo Mengqi didn't understand the meaning of this information too much.
"Let's talk about what you think of these latest financial products." After a long time, Wang Tianyu continued to speak. What those people have in their hands is only the first draft of a few financial products designed by Wang Tianyu himself, and the specific details still need to be completed by these people on Wall Street.
"Chairman, these financial products are simply rubbish. How do you take it out and sell it? One of the men, twenty-seven or eighteen, spoke.
"What's your name?" Wang Tianyu asked at the man.
"My name is Kutby." The twenty-seven-eight-year-old man replied.
"Kutby, yes. Are you new to Wall Street, or are you new to this business? Wang Tianyu then asked.
"I just graduated from Harvard University last year with a degree in finance, and I have been working at Jinxin International Investment Group for a year." Kutby said proudly.
"A Harvard graduate? I told. Harvard graduates are shit in my eyes. Worthless. Wang Tianyu stood up. Pointing directly at Kutby, he said loudly.
"No wonder you don't understand anything? I don't know how you managed to sit here, and I can tell you that you're not cut out for this job at all. Wang Tianyu continued.
"What kind of people do you need to do this? You know? Clever. Hungry again, ambitious and courageous, and emotionless. Wang Tianyu continued to Kutby.
"Garbage? Yes, this is rubbish in your opinion, but if you look closely, how many of the world's stocks and countless financial products are rubbish, and there are still people who buy them. I'm telling you, the financial speculators around the world don't think about what they're buying, even if it's garbage, as long as they think they can make money, they're going to buy it. Wang Tianyu continued.
"Mr. Wang, I think it's too cruel to do this." Suddenly, another old man about fifty years old stood up and said to Wang Tianyu, Wang Tianyu knows this person, his name is Lambert.
"Cruelty? Lambert, I see that you are old, you should have been rolling on Wall Street for a year or two, you say, are you qualified to say this? I think you're going back the more you live. Wang Tianyu looked at Lambert and said angrily.
"Every one of you in this room can tell me, where do you get to make millions of dollars a year? Did you eat it with a meal? Wang Tianyu knocked on the table and said loudly.
"I tell you, all the money you have in your hands has been robbed, and it has been stolen from other people." Wang Tianyu then roared.
"Do you know what you do? You are engaged in financial investment, and you do not know that finance is a zero-sum game, where nothing is created at all, but money is transferred from one person to another. Wang Tianyu then said loudly.
"You're just a bunch of robbers, a bunch of robbers who can go and steal money in the open." Wang Tianyu continued.
"Cruelty? You'd better save it, put away your poor sympathy, you don't need this thing in this business. If one day you are robbed of nothing by others, will others come to sympathize with you? Will it come and pity you? Wang Tianyu pointed to everyone and said.
"I can tell you unequivocally, no, no one will come to sympathize with you, and no one will come to pity you, because you are all losers, and you are just losers, they will only laugh at you." Wang Tianyu then said loudly.
"How long have you been doing this? Ten years, twenty years, or thirty years? Then you should know that you must not have any feelings in this business, otherwise you are not far from destruction. Wang Tianyu then said loudly.
"Lambert, do you still have something to say, can I give you a chance, say it." Wang Tianyu saw that Lambert looked like he wanted to speak and stopped, and said to Lambert.
"Chairman, you should know that Gao Sheng was the first to package and sell Greece's junk bonds, which led to the Greek debt crisis, just like the previous subprime mortgage crisis in the United States, which led to the global financial crisis, do you want such a crisis to happen again? The consequences are not something we can afford to bear. Lambert looked at Wang Tianyu and asked.
The global financial crisis arose from the securitization of subprime credit mortgage debt in the United States, and the subprime securitization and trading of subprime securities were designed to satisfy financiers' quest for as much profit as possible. Through asset securitization, the "two houses" convert the illiquid loans of commercial banks and mortgage companies into bonds for sale in the market, attracting investment banks and other financial institutions to buy. Investment banks then use so-called financial engineering techniques to split, package, combine and sell such bonds. After this series of processes, the chain of financial transactions has been lengthened, and no one cares about the real basic value of these financial products, but everyone cares about their higher investment returns. As a result, more and more investors in the United States and overseas have begun to pursue financial derivatives such as secured debt warrants (CDOs), and a large number of financial institutions have participated in them. The risk of the U.S. real estate bubble spread to the world with these financial derivatives, and eventually caused the U.S. subprime mortgage crisis to spread to the whole world, forming a global financial crisis.
There are more and more financial derivatives in the United States, and they are becoming more and more complex, the chain of financial transactions is getting longer and longer, and the degree of distortion of transaction information is also increasing, and some derivatives may not even understand the true meaning of financial institution executives. In such cases, an authoritative credit rating company is needed to provide investors or creditors with a basis for decision-making. Credit rating is an expert opinion issued by an independent third party on the credit risk of various economic entities and financial instruments by using its own technical advantages and professional experience. The objectivity and impartiality of credit rating agencies have a direct impact on the security of the financial risk early warning system and even the entire credit system. However, the U.S. credit rating company's income comes from the rated object, and this conflict of interest does not allow the rating agency to be objective and impartial, so its credit system has major shortcomings. During the subprime mortgage crisis, many investors around the world suffered heavy losses by buying financial derivatives that they did not know about and were given triple-A ratings by rating companies.
As soon as many people here saw the information that Wang Tianyu gave them, they already understood what Wang Tianyu meant. Wang Tianyu wants to draw a gourd according to the scoop, first re-divide, package, and combine these garbage products to form an innovative financial product, and then find a rating agency to rate these financial products, and finally rely on the huge influence of Jinxin International Investment Group in the global financial market to speculate and sell, so that the garbage can be sold at a sky-high price. However, if there is no one to take over these junk financial products, then the bubble can only burst, and if there are many financial institutions involved, there may be a new global financial crisis.
"Mr. Lambert, that's how to do finance, if you want to make a lot of money, then someone will go bankrupt, or even bankrupt, otherwise how can you make a lot of money?" Wang Tianyu looked at Lambert and said.
"If you look at the financial crisis, countless companies went bankrupt, but what about Gao Sheng? Gao Sheng made a fortune, and many of the old employees of Gao Sheng here don't know it. Wang Tianyu continued.
"I just want to ask you, what are you doing this for? Isn't it just to make money? Are you just doing this to be a savior? Wake up, you guys. Wang Tianyu knocked on the table again and said to everyone. After listening to Wang Tianyu's words, everyone immediately burst into laughter.
"You have to do a small ticket by a small ticket, when do you have to do it, look at many of you are not young, if you want to do a big vote, maybe after doing this big vote, you can do thousands of small votes, I guarantee that after this vote, you are at least billionaires, if you make outstanding contributions, and even be worth more than 10 billion dollars in a blink of an eye, aren't you tempted?" Wang Tianyu continued to bewitch. (To be continued......)