Charlie Scharf was not the only one who was surprised when he saw the details of this contract.

The previous LPs (financiers) were also surprised, even David, his subordinate.

This contract differs from normal private equity contracts in key points.

The reason is that there are basically no management fees, and the bonus commission fee is too high.

And the closing period is too short.

There are no management fees, which is a good thing for investors.

High dividend commission fees are a bad thing for investors.

If the closing period is short, it is neither good nor bad.

It may be good for investors, or it may be good for money managers.

Charlie Scharf hesitated.

Seeing this, Abel had nothing to say.

In fact, other LPs have seen this contract before.

The attitude is basically the same as that of Charlie Scharf now.

They all went back and thought it over carefully before accepting the contract.

So he had the same attitude towards Charlie Scharf.

"Mr. Schaaf, you can go back and think about it."

Abel said: "It's almost noon now.

For six hours, before dark today, I will reserve these shares for Merrill Lynch.

After that, it depends on whether anyone else is willing to subscribe."

Seeing that Abel did not continue to press, Charlie Scharf was relieved.

He closed the copy of the contract and said with a smile:

"Okay. Also, Mr. Smith, can I take this contract with me?"

"Please."

"Thank you. I'll leave first." Charlie Scharf came in a hurry and left in a hurry.

After he left, David couldn't help but say:

"This contract is really special.

There are no such contracts on Wall Street, except for those scammers."

Abel shrugged, "I've already explained it to you once. I won't explain it to you a second time."

"As for whether these LPs can understand it and whether they are willing to take risks, that is their business."

"Understood." David said, "Let me tell you one more thing. Yori Kronberg's shares have been officially signed and sold to ao Smith Entertainment."

"Oh, this should be considered a good thing."

"Of course."

David said: "You now hold 39.89% of caa's shares."

Abel nodded.

David paused for a few seconds, then asked softly:

"Until now, I still don't quite understand why you are interested in CAA?"

If Abel took action against Victoria's Secret before, it was because he was interested in its future development potential.

It's fair to say that the profits are in the billions or billions.

But caa....

Even Abel told David.

This business may not be very profitable.

If you’re not making much money, why invest?

David was curious about this.

He had asked Abel the reason before, but Abel smiled and did not answer.

This time he asked again, and Abel smiled and said:

"If I say that I bought CAA to play with female celebrities, what do you think?"

David rolled his eyes, "Then you are really willing to spend a lot of money.

Spend hundreds of millions of dollars to buy a brokerage company just to make it easier for you to play female celebrities?"

"If you want.

You spend these hundreds of millions of dollars on them.

Then I think you can smash most of the women in Hollywood onto your bed."

"That's much faster."

This is not false.

Most Hollywood practitioners actually don't care much about that kind of thing.

Under the premise of ensuring safety, many people will even have "friendly exchanges" with the lighting engineers, screenwriters, and makeup artists on the set.

Because these guys can sometimes determine their image in a movie or in front of the media.

It cannot be said that most of Hollywood is full of bad guys. After all, there are always some who are clean and tidy.

But this is the case at least 70% of the time.

This ratio may be even higher.

Especially those who get worse the longer they stay in Hollywood.

Regardless of gender, she/they will become more willing to give.

for example.....

It is said that when Leonardo DiCaprio was filming "Titanic", a Paramount executive fully supported the director's appointment.

This executive is a "good friend" of DiCaprio, and the two are said to be so good that they live together.

This year, this executive has resigned from Paramount.

He announced in the Entertainment Daily that he officially came out as gay.

It's horrifying to think about it, but it happens too much in Hollywood.

For these Hollywood entertainment professionals, what is the end result of their efforts?

He/they said it was for the art of film and to present their interpretation in front of the audience.

Do you believe it?

David didn't believe it anyway.

He felt that these artificial things were nothing more than fame and fortune.

"Famous" is ultimately for profit.

Profit is money.

So wouldn’t it be more enjoyable to just throw money at it?

"That's boring." Abel said.

"How is that different from those high-end call girls?"

"I don't like writing checks after the fact."

"I like it when they take the initiative and I don't spend money. Or when I spend money, they only serve me."

Seeing what he said, David shook his head, "It's weird. But you are the boss, so you can like it."

"Hahaha~"

Abel laughed, and then said seriously: "David, I think I should get some newspapers."

David heard it and understood of course.

Abel didn't ask him to help buy a few newspapers.

Ordinary people "get a few newspapers" means buying a few newspapers.

When Abel "gets some newspapers", he also buys a few newspapers.

It's just that the "buy" here is very different.

Hearing this, David nodded, "If you think it's necessary, then buy it. Do you have any goals?"
To be continued...