"Boss, you're making me a player and a referee at the same time! are you really relieved to leave all these things to me?" Mike Aller asked with a smile.

As for the conditions offered by the mysterious boss, Mike Aller said that it was a lie not to be moved. Mike Aller knows very well what level he is, he has worked as an accountant all his life, even if he is in charge of the Cayman Islands branch in the later period, but for management, he is really not enough.

However, when it comes to supervision, Mike Aller is confident that he is no one else. His previous job as an accountant was not only to settle accounts, but also to monitor funds, and Mike Aller, who has been immersed in this area all his life, is very confident.

As for finding people or knowing people, Mike Aller is also confident that he can do a good job. He seems to have a talent for this, and he is very talented. To be honest, sometimes Mike Aller thinks that if he didn't become an accountant, maybe it would be better to change careers and become a headhunter.

Now, the mysterious boss has put his expertise to good use, which makes Mike Aller not stress at all, hence the joke.

"No, Mike, I'm reassured of you. Yang Jing looked at Mike Ale very seriously and said, "We have known each other for more than six years, and I also understand what kind of person you are, and it is precisely because I am very satisfied with you that I will entrust such an important work to you." If it were someone else, I wouldn't feel at ease. ”

Mike Alleren paused for a moment, and then said with some emotion: "Boss, I can't bear what you say." ”

Yang Jing waved his hand, "Mike, there is no need to engage in those vain things between us, I trust you, you have to use your performance to prove my trust in you, I know that you will definitely be able to do the work I gave you." ”

Mike Aller nodded.

"Well, I think what the Dragon Fund needs most right now is a senior manager who can lead all the work, and I need a CEO who is proficient enough in investment and acquisitions and mergers and acquisitions, Mike, do you have any good recommendations for this?"

Mike Aller looked down for a while and said, "Boss, if you need to invest in and acquire talent in this area, I really have a pretty good candidate here, but I don't know if he would like to be the CEO of the Dragon Fund." ”

"Oh, pretty good, to get such an evaluation from you, that's enough to show that this person's ability is very good. Mike, don't hesitate to tell me what you know. ”

"Okay, boss. Mike Aller nodded, "This man's name is David Anderson, a native of Pennsylvania, he has been working on Wall Street before he retired, he has done a lot of work, he has been a basic stockbroker, he has also been a trader, and he has been a fund manager, and finally retired as the head of the investment department of Goldman Sachs." ”

"Goldman Sachs, the minister of the investment department?" Yang Jing was immediately interested when he heard that this person had actually served as the director of the investment department of Goldman Sachs.

Yes, before David retired, he did serve as the head of the investment department of Goldman Sachs, in fact, the business he was responsible for was the core business of the entire investment department, and his ability was greatly admired even by the senior management of Goldman Sachs. With David's ability, he has absolutely no problem serving as a senior at Goldman Sachs. It's a pity that this person's personality is a bit eccentric, that is, what we usually call high IQ but low emotional intelligence, and he is too old-fashioned in doing things. In the 1984 merger case of Standard Oil of California acquiring Gulf Oil, as the person in charge of the merger and acquisition, David had some conceptual conflicts with a senior executive of Goldman Sachs, which led to Goldman Sachs' defeat to Chase Manhattan Bank Group in that merger and acquisition, becoming the scapegoat for the failure of Goldman Sachs' investment, and was finally shelved. David couldn't stand this anger, so he retired early and went home to recuperate. ”

"Oh, this Mr. David Anderson turned out to be the person in charge of Standard Oil's acquisition of Gulf Oil in California the year before last?" Yang Jing asked in surprise.

"Well, boss, it's a bit of a problem for you to say that, David is the person in charge of Goldman Sachs' plan to participate in this merger and acquisition, he has nothing to do with Standard Oil of California, and what has something to do with him is Aco. However, his proposal at the time was too radical and was rejected by Goldman Sachs' top management, which led to Goldman Sachs' complete defeat in that competition. ”

Yang Jing nodded silently.

Yang Jing is still very familiar with the merger and acquisition that occurred in 1984, and he studied this merger and acquisition when he was an economics major in college.

In January 1901, Captain Lucas discovered the "spindle top" oil field in Beaumont, Texas, and in May of the same year, Andrew Mellon and Richard Mellon, the heads of one of the eight major conglomerates in the United States, invested $1.5 million to establish the Gaffey Oil Company, and later discovered the Greenpool oil field in Oklahoma, so Richard Mellon's son William Larymo Mellon reorganized Gaffey Oil and established the Gulf Oil Company.

After World War I, Gulf Oil entered Central and South America, but the oil fields discovered in Mexico were later reclaimed by the Mexican government, so it was hit hard, and then Gulf Oil was granted oil leases in Venezuela, but because of the economic crisis of 1931, it was squeezed out by Standard Oil of New Jersey, and Gulf Oil was in trouble.

However, Gulf Oil then established the Kuwait Oil Company in Kuwait in partnership with the British Anglo-Polish Company, and in 1938 began its journey with the discovery of the Bulgan oil field. After World War II, because the Iranian government was dissatisfied with the British, American oil companies were able to enter Iran, and Gulf Oil received the production of Iranian oil 7.

But with the nationalization of the oil industry in Kuwait, Iran, and Venezuela, almost all of Gulf Oil's overseas upstream oil production was wiped out, and in the mid-to-late '70s, Gulf Oil bought some non-oil "diversification" In addition, the gradual decline in oil prices in the international oil market since 1981 caused the profits of the Gulf Company to decline, and although the total turnover in 1982 was as high as $30.6 billion, the profits continued to decline, with a profit of only $900 million for the whole year. As a result, Gulf Oil's long-standing share price of $40 quickly slipped to less than $30.

At this time, the board of directors of Gulf Oil made another unforgivable mistake, and other oil companies were uncomfortable at this time, but other oil companies quickly made up for the lack of reserves and increased oil production through mergers and acquisitions, while the board of directors of Gulf Oil decided to borrow heavily from banks to buy back the company's shares from the market in an attempt to reverse the decline in stock prices. It's a pity that this wrong approach caused a serious imbalance between revenue and expenditure, and eventually made the company in high debt, poor capital turnover, and fell into a predicament.

At this time, a complete villain appeared, he was Pickens, the owner of Mesa Oil, a small oil company in the United States.

This guy has long targeted the troubled Gulf Oil Company, and as early as 80 years, he began to buy shares of the Gulf Oil Company in the stock market, and publicly announced in November 83 that he had mastered 13.1 shares of the Gulf Oil Company, and asked to be appointed to the board of directors of the Gulf Company. At the same time, this guy put out a proposal to dismember Gulf Oil and greatly weaken the power of the company's board of directors and managers, but the company's board of directors categorically rejected it.

However, Pickens' proposal won the favor of the majority of stockholders, so the Gulf Company was in turmoil first. Pickens' Mesa Oil Company seized the opportunity to encourage the Dresar Bank to give him financial support in order to buy more shares in the Gulf Company and gain control of it. The board of directors of Gulf Oil Company was shocked to hear the news, and the company was indeed in trouble. The directors believed that it would be better to merge into Big Oil than to allow Pickens's conspiracy to succeed!

The news spread. Mobil Oil Company acted first, but its offer was too low, and the Gulf Oil Company considered it an "unfriendly" merger and rejected it; then, Arco was supported by the Chase Manhattan Banking Group and made a $13 billion offer to acquire the Gulf Company, but California Standard Oil, which owns the backstage of the American Banking Group, immediately threw out an "olive branch" of $13.3 billion, and the Gulf Oil Company finally accepted the offer of California Standard Oil, and the two sides "blitzkrieg" It seemed to take just over a week to close the deal. Since then, Gulf Oil, once one of the seven sisters of oil, has thrown itself into the arms of Standard Oil of California, and a once famous oil giant has completely disappeared!

This merger was the largest in history at the time, and the decisiveness shown by Standard Oil of California in this merger has been praised by posterity.

After the acquisition of Gulf Oil, Standard Oil of California acquired Texaco, one of the seven sisters of Petroleum, in 2001, and eventually became the Chevron Texaco in later generations, and was a frequent visitor to the top ten of the world's top 500 companies.

However, in this merger and acquisition, Goldman Sachs did not appear, and Mike Aller said so now, which made Yang Jing a little puzzled.

Soon Yang Jing asked the question in his heart. He had to ask, because it involved the CEO of the Evil Dragon Fund, Yang Jing had to be careful.

Mike Aller was quick to explain this to Yang Jing. "That's right, in that merger and acquisition, Goldman Sachs did not appear, that is because Goldman Sachs was completely out of the market before the merger and acquisition case really began. ”

After a pause, Mike Aller continued: "At that time, Arco was the first to contact Goldman Sachs, and as the person in charge of this merger at that time, David pointed out that the merger price proposed by Arco was too low, and the price of $13 billion was not enough to impress the board members of Gulf Oil, and this price should be raised to a minimum of $13.5 billion, and if there are competitors, this price needs to be raised further." After all, although the Gulf oil is a little sluggish, but the skeleton is there, the name of the Seven Sisters of Oil is not a joke, even if it is used for $13.5 billion or even higher prices to merge, it is definitely worth it. ”

But David's proposal was considered too radical by Goldman Sachs' top management, and Goldman Sachs could only offer $12.5 billion in support to Arco. As a result, Arco switched to Chase Manhattan Bank Group, which was able to provide at least $13 billion in support to Arco. ”

As it turned out, David's proposal was not radical at all, but just right. If the senior management of Goldman Sachs agreed to David's plan at that time and directly provided $13.5 billion of support to Arco, then even if California Standard Oil joined, I am afraid that it would not be able to get Gulf oil. But because of the caution of Goldman Sachs' top management, they lost Arco and were completely out of that merger case. In the end, David carried the black pot and resigned angrily. ”

With such an explanation, Yang Jing understood.

"Mike, according to you, David was not at fault in that merger case?"

"Boss, you can't say that, if David's personality is a little more round, the same words are said in different ways, maybe they can be recognized by Goldman Sachs' senior management. But alas, this guy is very talented, but he has a ...... personality," Mike Ale shook his head.

ps: Bow and thank "Kunpeng 3357" for the 200 tip, "Ice Octave", "A Little Monkey", "Flame Tianhuang", and "Gouache and Ink" for the 100 tip.