Chapter 163: The Reasons for the Gathering of Wall Street Giants(1/3)
Abel originally wanted to say hello to Ikana and his daughter.
But tonight, at this cocktail party.
There is no doubt that he is the one who attracts the most attention.
He had just taken two steps when someone blocked him.
The man who blocked him was named Richard Fuld.
The two did not know each other before this.
The name Richard Fuld is a very prominent one on Wall Street.
He is the CEO of Lehman Brothers, one of the four major investment banks on Wall Street.
"Business Week" once called Richard Fuld "The Bulldog of Wall Street" and he is one of the famous giants on Wall Street.
"Hello, Mr. Smith. I'm Richard Fuld."
The CEO of Lehman Brothers is a black-haired white man. He is an Italian-American and has been in charge of Lehman Brothers since 1994.
"Hello, Mr. Fuld. I'm Abe Smith." Abel smiled and shook hands with him.
Smith Capital’s cocktail party today invited CEOs from major Wall Street investment banks and financial groups.
The CEOs of the four major investment banks are all invited.
I dare to invite these four CEOs once, and there is a high probability that they will come again.
This means that Abel is now in the hot state of Wall Street.
And tonight, Abel also used his trump card against Wall Street.
Only then do you dare to do such a thing.
Next to Richard Fuld, standing next to Lehman Brothers' chief financial officer, Bryn Bulley.
Abel already knew Bryn Bulley from the last time he was at the Hilton family banquet.
Later, Smith Capital’s first private placement.
It was Bryn Bulley who contacted Smith Capital on behalf of Lehman Brothers.
Lehman Brothers' share of the US$3 billion private placement accounted for the fourth share, with a total investment of US$250 million.
"Hello, Mr. Bully." Abel greeted Bryn Bully on the side.
The latter responded quickly.
Among the CEOs of the four major investment banks, Richard Fuld is undoubtedly the one with the most authority in the company.
Richard Fuld is here, and Bryn Bulley doesn't have much authority to speak anymore.
This is exactly the opposite of Merrill Lynch.
At Merrill Lynch, CEO David Komansky has little authority.
"Mr. Smith."
The Bulldog of Wall Street is as direct as his name suggests.
After a brief exchange of greetings, the Italian asked a question directly.
"Smith Capital is undoubtedly a successful company. Mr. Smith, you are a very successful investor."
"Such a generous Mr. Smith."
"Is what you said in the invitation letter true?"
"You said you will lead Smith Capital to share your success with Wall Street. Is this true?"
One of Richard Fuld's questions was straightforward.
Directly pointed at more and more Wall Street giants, the most urgent idea recently.
That is. Invest in Smith Capital!!
Actually this is on Wall Street.
It's not too much of a request.
Except for those small companies, any large financial company on Wall Street.
Behind them, there are a large number of shareholders.
Let’s not talk about listed giants such as the four major investment banks.
They have tens of thousands of shareholders, with hundreds of them holding more than 0.1% of the shares.
Like Warren Buffett's Berkshire Hathaway, its single stock is the most expensive in the world.
But it still has thousands of shareholders.
As the founder of Berkshire Hathaway and the controller of everything in the company.
Buffett himself actually only owns Berkshire Hathaway
15.6% stake in Hathaway.
The four major investment banks on Wall Street, as well as other Wall Street giants, all have similar ideas about Smith Capital.
In fact.
There are two types of invitations to this party tonight.
One is an ordinary invitation letter, which is what most guests get.
Another kind of invitation letter, but it contains Smith Capital, which will announce the first round of financing tonight.
This is Abel's biggest trump card against Wall Street right now.
It was also he who dared to invite so many Wall Street giants at once.
That’s why I think they should all come.
Richard Fuld is a very selfish person.
Other Wall Street giants who got the news wanted to be polite.
Wait until Abel announces it later and then make contact.
"The Bulldog of Wall Street" directly represents Lehman Brothers.
Confront Richard Fuld with a stark, very direct question.
Abel wasn't angry either.
This matter is the result of what he has thought about for a long time.
He knows that if he really wants to gain a foothold at the top of this country.
It is absolutely impossible to be like the male protagonists of Tianchao Network and not share their success with outsiders.
Regarding the fact that other giants want to invest in Smith Capital.
He also already knew that this day would come.
Unless you don't want to get bigger, unless you want to fight against the entire Wall Street on your own.
Otherwise, this day will come sooner or later.
What Abel can do is to choose his allies and the time and opportunity for these allies to join his side.
And in this process, gain the greatest freedom and control.
Human resources are sometimes poor, but you can become a billionaire or even the richest man in the world by yourself.
But Abel felt that he could do it alone.
It would be too difficult to form a real consortium.
Even in the beginning, I could gather a large enough industry with money that was much easier to bring than a strong wind.
But in the subsequent management and development, it will inevitably be due to my ordinary-level business management capabilities.
In the end, the consortium gradually fell apart due to its inability to control the entire consortium.
One involves hundreds of large companies, spans multiple industries and spans multiple countries.
Large conglomerates involving tens of millions of people employed.
Zhuge Liang would not be able to manage it well if it relied solely on the ability of the founder.
Even Zhuge Liang, in the end, did not work hard and died of overwork in his fifties.
Take a look at the large consortiums and chaebols that have emerged and taken shape.
Almost without exception, they are all led by one family.
This leading family will then unite with other wealthy families.
These wealthy families then influence and unite with the lower-level families, and eventually control the entire consortium layer by layer.
Like Herbert and his family, who have basically achieved victory now.
To be continued...