"Damn, what are we going to do?"

Since the breakdown of negotiations in South Korea, Dick. Fude was as anxious as an ant on a hot pot, looking for help every day, but with little success. ↖ ↖ ↖ ↖ When the second quarter report was released, the entire Kaminari brothers fell into a state of despair, and the stock market suffered a heavy setback, which made them unable to figure out the path of stock market financing. In this case, the entire Kaminari brothers were on pins and needles, and Dick. This is especially true of Fude.

"If my resignation can alleviate the company's woes, I don't mind leaving immediately!" Facing a full board of directors, Dick. Fude said with a solemn face.

Because of the recent situation of the Kaminari Brothers, investors have called for a change of management, which has embarrassed the current senior management of the Kaminari Brothers, especially Dick, who is on the cusp. Fude is the one who has been criticized the most severely. The purpose of this emergency board meeting was to discuss how to deal with such a situation.

In fact, Dick. Fude didn't really want to resign, he just wanted to test the opinions of the other members of the board through this meeting.

"No, you can't quit!"

When Dick. As soon as Fude's words came out, the other people's faces suddenly changed. In this case, the Kaminari brothers can do without anyone, but not Dick. Fude. To put it bluntly, Dick, who has been working for more than 40 years. Fude is the symbol and spiritual pillar of the Kaminari Brothers, and if he leaves his post at this time, the entire Kaminari Brothers edifice may collapse immediately.

Soon the room was filled with voices of opposition and suspense, with only one central meaning: Dick. Fude cannot resign.

After looking around, Dick. Fude confirmed that he was satisfied, and nodded, "Gentlemen, at this critical juncture. I will not give up on the company and career that I have fought for all my life. Although there are similar rumors in the market, I am sure that these rumors are nothing, and the work we are doing so far is very effective and has a positive effect on the Kaminari brothers, not as they say they are. We dragged the company into a precarious situation. ”

Dick. Strictly speaking, Fude's words do not shirk, and this is indeed the case. As an important underwriter in the market, Kamison Brothers, like other big investment banks, has a large number of subprime mortgages and related derivatives on hand. As soon as the subprime mortgage crisis broke out, these originally hot subprime bonds immediately turned into life-threatening bombs, and this situation is very common among the big investment banks. Fude knows that companies like Stanley and Goodman are also deeply involved. According to this line of thinking, they are not a mistake in operation at all, but a crisis in the entire industry caused by the deterioration of the general environment.

But these well-dressed people. There is absolutely no reflection on the fact that the root cause of the subprime mortgage crisis in today's qiē situation still comes from their deepest greed.

Without further ado, after a few words of encouragement, Dick. Realizing that such words did not have any practical significance, Fude decisively changed the subject, "Everyone, about the current situation. Is there any good way to do it? ”

In other words, these empty words will not solve the problem. In the end, everyone has to continue to figure out a way. Let's see how we can get money from the market.

It must be noted that due to the particularity of the industry, the source of funds in the investment banking industry is very different from that of other financial institutions. The source of funds of commercial banks is to absorb the savings of users, insurance institutions are insurance funds, and funds are the funds of the principals, while investment banks have very little funds of their own. They usually borrow funds from peers to meet their own liquidity. In order to maximize profits, they can put all their funds into investment, such as stocks, bonds and other profitable targets.

It has to be said that this model can maximize the use of funds, but because of the lack of liquidity. It is also a considerable danger of itself. Before the subprime crisis, however, the danger was almost negligible, because the money borrowed by investment banks could come from all over the world, and even if the U.S. market was not good at lending, they could go to the Eurodollar market or the Asian dollar market. And when there is a worldwide panic about investment banks, this danger is magnified to the extreme, as in Bear Stearns, once there is a lack of liquidity, it will not be able to support even a single trading day.

"South Korea, you can start negotiations again!" Mark. Shafair turned the pen in his hand, his expression slightly embarrassed, after all, he was responsible for the deal not being negotiated, "But we can't have any more contact with their junior staff, because they can't call the shots." If negotiations are to be restarted, Cho Keon-ho must be asked to bring in heavyweights. ”

"Also, about the rumors in the market, we have to fight back!" Erin. Cullen said with a straight face, "About Davy. I am responsible for Einhorn's remarks. This guy has hidden evil intentions, and I can't prevent it, and I accidentally fell into his trap, which has a negative impact on the company's fundamentals. However, if the real loss situation is made public, I am afraid that the situation will get worse. ”

"And on the General Electric side, their financial director said that because of the poor performance in the second quarter, the company's liquidity does not have too many reserves and cannot help us!" Another director, Gregory, said, "I suspect they are perfunctory, but I don't rule out the possibility of a zài." In short, there should be no hope for this road! ”

Several directors then expressed their views one after another, and although the rhetoric was not consistent, the main idea was that there was no way to raise funds at the moment.

Listening blankly to the various directors reporting on the fundraising situation one by one, Dick. Fude was tumbling in his heart for a while, he couldn't help but the other directors were not doing their best, but at present, what they could do was limited, and it didn't help the Kaminari brothers at all. And at this time, he can't say anything discouraged, because even he himself is at a loss.

Finally, after everyone had finished reporting, he breathed a sigh of relief and said lightly: "Although the current situation is very bad, it is far from critical. However, we must not let our guard down, we must turn the situation around in the shortest possible time, and it is not impossible to sell the company to someone else if necessary. In short, as long as the Kaminari brothers can survive, everything else is secondary. Do you understand? ”

Everyone nodded silently.

"Okay, I have an important task to explain to keep you two behind!"

After the board, Erin. Karen and Mark. Shafir was taken by Dick. Fude stayed, and when there were only three of them in the huge conference room, Dick. Fude's face was straight. He said extremely strictly: "Guys, in fact, I have received the intention to acquire, but in order to prevent the news from leaking, it was not announced at the board meeting just now!" ”

"Really?" Erin. Karen's face twitched for a while, and after a while, he said with difficulty, "Dick, when did this happen?" ”

Mark. Although Shafair didn't say anything, he leaned forward slightly, looking very interested.

"Do you know who's behind us this time?" Dick. Fude did not answer the rhetorical question. With an unfathomable face, "Also, do you know who leaked the secret of our negotiation trip to South Korea?" ”

Erin. Karen's face twitched rapidly again, after all, she was a woman, and it was inevitable that she would be a little uncontrollable in this kind of scene. Mark. Shafael glanced at her suspiciously, and then silently calculated in his mind before he replied cautiously, "Dick, you can't be suspicious of me and Irene, right?" ”

"Of course not. Otherwise I wouldn't have left you two behind! "Dick. Fude glanced at the two of them meaningfully, and then said slowly. "Because of this mole's existence, we have to be extra careful when doing a lot of things, so as not to leak the news. After all, this time is different from ordinary commercial leaks, this will involve the life and death of the Kaminari brothers, and I have to be cautious. ”

"Dick, what exactly is the acquisition intention?" Dick. Fude played the mystery for a long time. I didn't say anything about the acquisition, which made Erin. Karen couldn't sit still, and she asked anxiously, "How much sincerity does the other party have?" Do you want to acquire some of our shares or seek a controlling position? ”

Perhaps aware of her gaffe, she quickly added, "I'm sorry. Gentlemen, because it is related to our finances, I am a little anxious. In this case, if there is a real intention to buy, we must first make a beautiful statement so that we can sell it at a good price. ”

Hearing her explain, Dick. Fude and Mark. Shafair nodded in agreement.

"It's none other than XXX who proposed the acquisition this time" After a moment of silence, Dick. Fude said slowly.

"What?"

"They?"

This time Mark. Shafir and Erin. Cullen cried out in unison. For no other reason, the news was a bit of a surprise to them.

It should be noted here that Blayrock & Co., the most successful private equity firm in the world, is essentially an investment fund. The main operating model is to invest in the company with capital, technology, management level and other factors before the company goes public, and exit the secondary market after the listing to obtain profits. Of course, because of the development of the financial market, the way to exit is not limited to the secondary market.

As the most successful and largest PE (private equity fund) in the world, Blayrock has gone beyond the nature of ordinary PE to achieve the scale of assets to be successfully listed. Huatou once bought a part of Braylock's shares before going public, but unfortunately, due to the wrong timing of the investment, the premium obtained after the listing was not obvious.

But regardless, Blayrock is still one of the most notorious financial giants in the market. And if it really intends to buy Kamison Brothers, although the scale of the funds that may be involved will not be too large, it will definitely be big news that will shake the entire market, because it means that Blaylock has begun to move towards the downward flow of the industry.

PE occupies a relatively upstream position in the entire financial chain, and if the investment bank is integrated, then the mind of Braylock's management will be obvious, they want to integrate the entire industrial chain and become a giant that truly monopolizes the upstream and downstream.

It is precisely because of the desire to understand the joints that Mark. Shafir and Erin. Karen was shocked. However, it soon occurred to them that although this news was enough to shake the market, it was definitely a good thing for the current Kaminari brothers.

Both sides glanced at each other, and both saw the joy in each other's eyes.

Who knows before they have time to digest this "good news", Dick. Fude threw out another piece of news that shocked them, "In addition, you find a reporter you know well and send me a piece of news, saying that Merrill Lynch's financial situation is very bad now, even worse than the Kaminari brothers." ”

In Mark. Shafir and Erin. Karen was stunned, and Dick. Fude lay back comfortably on the seat and said leisurely: "You can't let all the artillery fire in the market be aimed at us, you should understand this truth!" (To be continued......)

PS: Thank you book friends Xingxi Yuelang, sky_sword, Little Cow, Tanding, and Flying Elves for voting for the monthly ticket! Thank you for the miracle of civilization of Xiaoqi, my money! Seeing everyone's attention and expectation for this book, the author is unable to express his gratitude, emotion and apology, and only continue to work hard to write a book in the future~ Although I don't know when this book will be able to recover from the ruins after the war, I believe that it is not too late for EAST to pass away, and everyone's continuous support is enough~R640