Abel didn’t even know these things David Mellon said.

Because these are just small things.

If you're not a real Wall Street veteran, you can't possibly know.

Besides, Abel also knew it, just like David Mellon said.

This so-called "tradition" still has a certain positive effect.

These things are actually company culture similar to team building.

In terms of promoting the creation of company culture, there are also issues such as employees' sense of belonging to the company.

It can indeed play a good positive role.

In later generations, there will be so many small loan companies and small financial companies in China, and they like to play this game the most.

These small companies all like to do it in the morning before going to work.

Waste some time and have a so-called morning meeting and sing a song like "company song".

Some restaurants will also hold similar activities.

In some special fields, such as passing on sales.

It takes this kind of thing to the extreme.

What's more important.

Abel felt that this so-called tradition could make him happy.

Then why should you object?

It's just inconsequential stuff anyway.

He also acquiesced in this approach of David Mellon and Melio.

Here comes one of Wall Street's new giants.

The "tradition" belonging to Smith Capital also appears here.

"Let's talk about the company's recruitment expansion."

In the office, Abel said to David Mellon.

David Mellon nodded.

"Before January 20, Smith Capital had a total of 131 employees."

"Among them are eleven people in the front desk, administrative department and back office, seven in the field liaison department, and the rest are all analysts and traders."

"Since January 20th."

"Through headhunting companies and independent recruitment, the current number of formal employees in the company is still 131."

"But we now have 465 more trainee employees. Counting these trainee employees, Smith Capital currently has 596 employees."

Hearing these numbers, Abel nodded.

These things.

Abel actually knew about it as early as David sent him an internal email.

There are even several employees, as well as some new senior executives and department heads.

These are some employees that Abel picked out from their resumes.

"Less than six hundred people." Abel thought for a while and said:

"It's enough for now. Any more and Smith Building will start to get crowded."

David Mellon nodded, "That's true. These manpower are enough for our current business."

In fact, before this, Smith Capital’s more than 100 traders were a bit redundant.

There are more than 100 people in the company, and Abel is the only trader with trading authority.

Everyone else is a trader

Now, Abel has opened up a certain degree of trading authority.

Smith Capital, many traders with independent investment rights have appeared.

If not for that.

Those extra people really came here to have a casual meal.

At Abel's request.

The structure of Smith Capital has become more and more complete.

"Let's open the fourth, fifth, and sixth phases of private placement." Abel said.

"But each fund should raise no more than US$500 million."

"Because I will not act as the manager of these funds. But I can guarantee that these funds will not suffer losses. Once losses occur, I will personally take charge."

Abel thought for a while and then added:

"As for the rules of these funds, they are almost the same as those of investment banks."

"Okay." David Mellon smiled bitterly:

"But if this is the case, these funds may not be so easy to raise."

"You know, the LPs who come for Smith Capital. In fact, they all come for you, King Smith."

"If every fund were managed by me." Abel deadpanned.

"Then why should I open up investment authority to you? I might as well maintain the same scale as before and let you continue to be my tool."

Hearing what Abel said, David Mellon suddenly felt nervous.

But when David thought about it again, he realized that this was indeed the case.

If it were true, the entire Smith Capital.

If Abel is responsible for all investments.

Then there is no need for traders at all, only a small number of traders.

The company has recruited these Wall Street elites.

There is no need for them to exist.

Thinking of this, David nodded:

"My king, you are right. Well, then it will be up to them."

Abel nodded, feeling somewhat satisfied.

Abel felt that this was the only way.

Smith Capital can become more and more formalized.

Rather than just being his tool all the time.

If Smith Capital wants to become a real Wall Street financial giant.

This kind of formalization is absolutely unavoidable and must be taken as the right path.

It's just that a talented person like him is in charge.

Smith Capital is in the process of formalization.

You don't need to spend hundreds of years like Goldman Sachs to accumulate your reputation, capital, and connections.

There is no need to walk cautiously like them, for fear of making mistakes.

Smith Capital can be formalized as long as Abel is around.

You can go faster than anyone else.

And the formalized Smith Capital.

It will also be more convincing in attracting investors like Buffett.

Otherwise there is only one building each.

A company with more than 100 employees and a cash flow of 10 to 20 billion.

The market value valuation is so exaggerated.

Even if there is a gambling agreement to support it, Abel's name is there to protect it.

Those consortiums will also hesitate when investing.

After chatting with David for a while, Abel asked David to go out to work.

In today's Smith Capital, David is not as free as before.

As the company's general manager, David now has to do more than just manage the company.

He also has to keep an eye on all investments in the entire company, including traders who can already start soliciting customers on their own.
To be continued...