Chapter 791
Vol 2 Chapter 756: Private Wrestling
Chapter 756 Private wrestling
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“Is the merger of Phoenix and Merrill a real ‘monopoly’, or is it a rival’s hype?” Rahm, Bloomberg’s headline, but take your Citi acquisition of Solomon and Smith Barney as an example!” Blank Feinyang said The BlackBerry in Yang’s hand.
Cram Pandit, CEO of Citi.
“Rather than reporting, I think you should be more concerned about Bloomberg’s fall to Bruce Guo!”
“Didn’t we expect such a choice. Merrill Lynch owns 20.5% of Bloomberg, and we didn’t promise Michael Bloomberg anything that he couldn’t refuse. If it were me, I would too. Choose Merrill,” Blank Finn replied.
“The form is becoming more and more unfavorable for us, and the plan for Phoenix and Merrill should be accelerated.” William Schiff said after a moment of silence.
“I’m ready here. As soon as Phoenix and Merrill announce a formal merger, the Senate will discuss it and stop them from merging. But as you know, John Dennis Haast, the President of the House, has always been Don’t deal with me. And he and Karl Rove are good friends, I’m afraid it will be difficult for us to persuade us.” On the phone, the voice of the current US Vice President and Senate President Bruce Cheney came over.
“A friend of Karl Rove? Isn’t this good news for us. That guy has long since succumbed to our hands.” On the phone, the voice of Jim Hagerman, chairman of the Maersk Group, came over.
“It’s not that simple. Although Karl Rove has the nickname of ‘fox’ in the political world, his cunning wisdom is stubborn and tough. We can take advantage of him only once if we seize his handle, absolutely not There will be a second time. Otherwise he wouldn’t be Karl Rove, and he wouldn’t be able to turn that bartender Bush Jr. into the current President of the United States.” Blank Finn said.
“If you can’t take Karl Rove, you can’t take down the president of the House of Representatives, John Dennis Haast. Without the resolution of the House of Representatives, it is a joke to want to hit Bruce Guo politically.” President and Chief Operating Officer of ING Group in the Netherlands Officer Daniel Trotter’s voice rang from the phone.
In the United States, the Senate and House of Representatives make up what is known to the outside world as the ‘Congress’. Both determine U.S. legislation. The Senate has blocked hundreds of House-passed bills over the years. It’s no wonder that Richard Bruce Cheney, the president of the Senate, has a good relationship with the Speaker of the House, John Dennis Haast.
“Maybe we can ask John Snow for help.” William Schiff said suddenly.
John Snow was the 73rd Treasury Secretary of the United States and is the current Secretary of the Treasury.
“If you want to prevent the merger of Phoenix and Merrill and force Bruce Guo to let go, shouldn’t it be appropriate to ask the Ministry of Justice? The Antitrust Investigation Bureau is the most suitable for this kind of thing.” Jim Hagerman said in surprise.
When Maersk Group led by him acquired American terminals and shipping companies, it was not less attacked by the Anti-Monopoly Investigation Bureau.
“Jim, it seems that you should know more about Bruce Guo.” William Schiff said.
“What’s the meaning?”
“Attorney General Bill Fox and Antitrust Bureau Director Colin Hammond are both friends of Bruce Guo. They made a fortune over the years by investing in Bruce Guo’s Thunder Fund, allowing them to stop Phoenix and Merrill Lynch. The merger is too difficult.”
“Bruce Guo’s hand stretched so long? He only made a fortune in more than five years!” Jim Hagerman was surprised.
“Bruce Guo’s contacts, especially those in the political world, are more amazing than you think. Otherwise, why do you think that with the contacts accumulated by our Schiff family over the past century, why do we have to gather so many allies to get this time? Action?” William Schiff sighed slightly.
“As far as I know, most of his companies have not gone public and have not raised extensive fundraising. How is it possible to spread such a network of connections?”
The main reason why Maersk Group participated in the action against Bruce Guo organized by the Schiff family, Citigroup, ING Group and Bear Stearns was that the former Ruby Business Website Company, now Guo’s Business Group, was in The rapid rise of Maersk’s main business areas such as shipping and terminal management has brought about competition that makes Maersk more and more afraid. In particular, the headhunting operation that almost poached Richard Grubman last time made Maersk’s internal fire. So there is the participation of Maersk this time.
Of course, after Richard Grubman talked to Guo Shouyun, Guo Shouyun revealed his ambitious ambitions for the international shipping market and the terminal management market, which also made Maersk’s management make up his mind.
However, making up your mind is one thing, knowing your opponent is another.
“Although most of Bruce Guo’s companies have not gone public and raised funds, Thunder Fund, the largest private equity fund giant in the United States, manages more than $100 billion in assets. Although it is huge, according to our survey, Thunder’s clients But there are only about 20,000 people, except for a small part of the middle class. The rest are basically the social elite. They include members of Congress, senior lawyers, businessmen with local or national influence, and so on.”
“…These people also form the main body of Bruce Guo’s network. So he can miss the annual meeting of any company under his control, but he never misses the annual meeting of Thunder, and he usually organizes various activities to deepen his relationship with these people. Contact. Almost all of these people are members of Hanshan Bieyuan, and they are also the most troublesome place for Bruce Guo’s opponents.” William Schiff said.
“Are you sure these people will support him?”
“Those who invested in Thunder for the first time now have 19.4 times the amount of funds they hold. Although in 2004, Thunder’s investment income was less than 50%. But even if the entire year is leveled, Thunder’s return on investment is 478%. If it is me, if there is such a person who can add value to my assets, then I will also support him and do everything possible to become friends with him.” Klum Pandit interjected.
If it wasn’t for the Merrill Lynch-Phoenix merger that threatened Citi’s position, he wouldn’t be involved this time.
“The reason why we do everything possible to suppress the prices of gold spot and oil futures is not only to lock up the investment of Bruce Guo and his companies in it. It is also a very important reason to dismantle the contacts that Bruce Guo gathered because of the Thunder Fund. ‘ William Schiff continued.
Jim Hagerman knew what he meant. When the market is on the rise and the thunderous financial resources are rolling in, all the connections and all the relationships are the most efficient. Not to mention a hundred responses, but not much to check. But when the market drops and doubts arise, there will be a question mark about how useful these connections can be.
“What was the purpose of having John Snow help? The Treasury Department had a limited role in organizing the Merrill Lynch-Phoenix merger,” Jim Hagerman asked.
“John Snow’s wife, Connery, is a member of the U.S. Federal Trade Commission,” William Schiff said.
Jim Hagerman was taken aback.
There are three major antitrust investigation agencies in the United States, in addition to the Antitrust Investigation Bureau under the Department of Justice, as well as state antitrust agencies. The Federal Trade Commission is one of them.
Under the Federal Trade Commission Act, the FTC consists of five members, each serving a sixteen-year term, relatively independent, and politically neutral, neither Republican nor Democratic. It has considerable autonomy in antitrust investigations.
“As long as an official agency initiates an antitrust investigation of Phoenix and Merrill Lynch, then we will have a further opportunity to expand the storm and let this business matter enter Congress. As for John Dennis Haast, try to find opportunities. Convince him, and if that doesn’t work, we’ll contact someone else. The speaker’s power is great, but if the majority of MPs approve, his disapproval won’t have much effect.”
Just as William Schiff’s words fell, there was a sudden knock on the door.
“Come in!”
Soon, a young woman in a short purple dress pushed the door and walked in.
“Boss, I just received the news. Merrill Lynch officially submitted an application to the New York Stock Exchange to close the market. Five minutes ago, CW TV and Global Fortune exposed the news that Merrill Lynch and Phoenix were in merger talks.”
The secretary’s words changed the expressions of everyone in the conference room.
“Okay, you go out first.”
William Schiff waved, and the female secretary nodded and walked out.
“Everyone, you have also heard. Bruce Guo has already started, and we have to speed up our actions~www.readwn.com~ Otherwise, if Phoenix and Merrill are merged, Bruce Guo’s strength, status and influence will be even better. Floors and floors, it will not be so easy to implement our previous plan when the time comes.”
After the sparse response of representatives from all parties, they each expressed some opinions. This meeting has come to an end.
Not to mention the person on the other side of the phone, those who attended the meeting in person also left the Schiff family clubhouse.
“Charles…?”
Charles Prince, who was just about to get into the car and leave, stopped when he heard the voice from behind him.
“I know a good restaurant, let’s try it tonight?”
Blank Finn, who was catching up, laughed.
Noticing his expression, Charles Prince moved in his heart, smiled and nodded.
“Okay, it just so happens that I haven’t gone out to dinner for a long time.”
“I’ll have someone send the address and time to your phone in a moment.”
“OK! No problem.”
“See you tonight!”
“See you tonight!”
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