Manhattan Reborn 1978

Blue Crystal Hotel.

Old Morgan said yes. .Stand behind the Hunter brothers and rub elbows with international silver traders. .

Everyone was speechless. .

David's original plan was to take a ride and make a huge profit from speculation. .

As a result, now, Old Morgan obviously has more ideas. .

David glanced at Seamus, and when he saw that he didn't express his position, he became even more confused: "Do you want...?"

Old Morgan fiddled with the pen with his fingers, smiled and shook his head: "Haha~ Don't get me wrong~ I have no intention of helping the Hunter family, speculating or manipulating the silver futures market."

"Mr. Parker just said that they have been planning for this plan for many years and have a lot of chips in their hands. If the US government does not intervene, they may really succeed in their speculation this time!"

David listened carefully and understood some of the meaning of his words: "So?"

Old Morgan smiled happily and said: "The Hunter family will get more information that is beneficial to them in the silver futures market."

"They will think that they have finally waited for the decisive moment~"

"Then they see the market price of silver reach an incredible historical peak within 12 months."

Having said this, Old Morgan closed his mouth.

Even though he didn’t say anything, everyone understood it~

David smashed his mouth and felt a bitter taste spreading in his mouth. .

Old Morgan's plan is simple to say the least.

He will quietly create some more favorable speculation conditions for the Hunter brothers, and release some true and false information to confuse the Hunter brothers' judgment, allowing them to make up their minds to start launching operations in the silver market within a year. decisive battle. .

hehe~

The Hunter family won very well from speculation in the soybean futures market.

In the silver futures market, when the Hunter brothers truly stood on the stage of victory and thought they were the winners of this war, Old Morgan's carefully planned fatal blow would give them an unforgettable one. .Big surprise~

This plan reminded David of a sentence in his memory: He saw him building a tall building, he saw him entertaining guests, and he saw his building collapse~

Emmm. . .

What can I say?

Said: Old Morgan, you can't do this, is it too dangerous?

Or say to old Morgan: Do you want to be a disciplinary knight in the silver futures market?

When the important information obtained by both parties is completely asymmetric, there are too many tricks and methods that Old Morgan can take advantage of!

He can completely hide himself behind the scenes and take advantage of the information gap and large amounts of funds to teach the Hunter family a fatal lesson!

It is clear.

Old Morgan wanted to get a lot of money from the Hunter family, but also wanted to get something that money couldn't buy: the name Morgan is still a legend in the American financial market!

David frowned, hesitated for a while, and finally asked the answer he wanted to know most: "Uncle Morgan, I want to know, do you want the Morgan family to return to the stage of Wall Street? Or do you want to let the Morgan family return to the stage of Wall Street?" You and your family will continue to hide behind the scenes?"

Old Morgan was stunned for a moment, then lowered his head slightly, frowned, and began to think seriously about David's question. .

Stand in front of others, or hide behind the scenes?

This will be a decision that will affect the life of old Morgan, his family, and children. He needs to think carefully ~

----

in the living room.

Everyone was silent. .

Polly turned her head to look at the thoughtful David, stretched out her hand, and held David's hand tightly. .

Only now did she understand that Morgan could remain on Wall Street for nearly a hundred years. .

The ideas and methods of the people in power are no less ruthless than the ruthless methods of the most powerful boss in the gang. .

Are these all necessary for people who want to be successful?

David felt the warmth in his hands, looked at Polly's eyes, and couldn't help but raise his arms, put his arms around her shoulders, and nodded silently to her to express that he was fine. .

This is the fighting and gaming in the capital market. You may not see the dazzling blood, but it will cost you your wealth and life!

It is foreseeable that the Hunter family will get the consequences they deserve for their arrogance and greed.

This is something David is happy to see ~

As for the process~

Is it important?

For David, since he can't control it, he might as well be out of sight and out of mind~

He took a deep breath, withdrew his arm from Polly, patted Lilith's hand on his arm, looked at Mr. Otis Parker, and said.

"I want to ask you a favor~"

Mr. Parker nodded simply: "Of course, just say it~"

"I would like to ask you to join my team and help our company get through the early stages of development in the past few years."

"Of course ~ I will give you part of the company's shares and more investment opportunities as a reward for helping us."

Mr. Parker's face was very surprised. He spread his hands and said, "Didn't I just agree to join your team?"

David shook his head slightly and said: "Maybe you may look down on the current assets of our company... Maybe the numbers in your bank account can completely acquire our company."

"Mr. Parker, please forgive my bluntness, I sincerely hope to get your full help!"

"At the same time, I guarantee that the rewards you will receive in the future will definitely satisfy you!"

Mr. Parker tilted his head, glanced at the silent old Morgan and Seamus and others who were watching the show, and couldn't help laughing.

"Haha~ You David boy~"

"Are you afraid that if I get some important information from your side, I'll betray you later?"

"Or...you don't believe what I said to you when we first met?"

David leaned back to make himself more comfortable: "Please forgive me for being direct, there are two reasons... both!"

When Parker heard this answer, he smiled even more happily: "Yes, yes ~ I am more interested in you now!"

"But David, similar to the question you just asked, I will give you a final answer now!"

"Money, power, and beauty have completely lost their appeal to me now!"

"What I want is to watch you continue to grow, continue to create history, and continue to do things that amaze everyone!"

Mr. Parker raised his hand and gestured to everyone: "Today, you are able to sit here and ask me such a question, doesn't it prove that my vision has been affirmed again?"

"That's what I want, David!"

"You bring me surprises and accidents again and again, which make me feel happy and joyful!"

"This is something that money, power, and beauty cannot bring me~"

"Well... it's a bit like seeing a seed planted by one's own hands, growing at a speed that breaks people's cognition, and finally becoming a... towering tree... a sense of accomplishment, satisfaction, and joy !”

Andy, who was sitting next to Mr. Parker, couldn't help but think of several psychological books written by Abraham Maslow that he had read in Shawshank Prison after listening to his words. .

He glanced at David, who was speechless by Mr. Parker's remarks, thought for a moment, and said: "Abraham Maslow, who died in 1970, wrote several books about people's opinions on Several basic levels of one's own psychological needs..."

“From low to high, they are physiological needs, safety needs, social needs, esteem needs, and the last and highest self-actualization needs.”

"If Mr. Parker is substituted into this level of psychological needs, he should be in the position of wanting to create and appreciate the beauty in his heart through self-realization, thereby reaching the final point of the self-realization level in Maslow's psychology: the peak. Experience!”

"Peak experience is the highest state of aesthetic activities."

"Peak experience can be sought and obtained through perceptual impressions other than aesthetic activities."

"For example: the experience of love, the experience of mystery, the experience of creation, etc., can all bring peak experiences to people at this psychological level."

"In addition, Maslow believes that everyone has different pursuits of their own needs. Some people need self-esteem more than their needs for love and belonging."

“In the creative process of human self-realization, this kind of peak experience emotion is generated, which can put people in the most perfect and harmonious state, with a feeling of ecstasy and intoxication~”

The people in the living room were silent again. .

The difference is that, except for Mr. Parker, who just turned into a "thinker" after hearing what Ander said, everyone else looked at Andy inexplicably. They didn't know why everyone gathered here and the topic came to psychology. aspect. .

David opened his mouth, got stuck for a moment, and then said to Andy: "You were in the library of Shawshank... and have you read Maslow's books?"

Andy shrugged and spread his hands: "There are all sorts of books in the library, and I don't know who donated them. Anyway, I had plenty of time in prison, so I just flipped through them and read them all."

David blinked his big eyes and said incomprehensibly: "Who would donate psychology books to prisons? Isn't this... too outrageous?"

Andy smiled: "Perhaps, someone wants us prisoners, after reading these books in prison, to find the self-realization of the highest needs written in Maslow's books? Haha~"

"Forehead.."

David choked up~

Who would be so bored reading psychology books except Andy. . ?

Um. .

Andy's psychological needs and self-realization. .

Andy carefully planned a prison break, escaped from Shawshank Prison, regained his freedom, took the warden's black money, and ran to the island he longed for in Mexico. He ran a hotel with Old Red and painted broken boats. . .

From this aspect, Andy has reached the highest level of psychological needs written in Maslow's book, self-realization. . ?

In addition, Andy's unjust case of killing his wife was retried, his innocence was cleared, and with Sally as his lover, he gained love and family. .

David rubbed his chin, glanced at the thoughtful Mr. Parker, and said to Andy: "So, you have gained: friendship, freedom, revenge, reunion of old friends, innocence, love, family, sense of belonging and other peak experiences. Got it!"

"Now you should be in a state of ecstasy and intoxication every day, right?"

"Hehe~"

Andy shook his head and said: "Maslow said that everyone is a different individual and has different needs~"

"For me, peak experience or something... is better than cherishing the current life, which is more real!"

"Haha~ It seems that you made the right choice when you decided to come back to New York to see me?!"

Andy nodded slightly: "Yes, it's better than the best I could have imagined!"

----

David was chatting with Andy about this, and looked at old Morgan. Seeing that he was still thinking, he thought about it, reached into his pocket, took out a one-yuan rice knife, and turned to Polly. The voice said: "Did you bring your checkbook?"

"Bring it~"

"Write me a check for...1000 dollars~"

Polly blinked and was stunned for a moment, then she quickly took out the checkbook from the small bag, wrote a check and stuffed it into David's hand.

David looked at the check, and under the curious eyes of everyone, handed it and the one-yuan rice knife to Sam Rogers and Odis Parker: "Take it, it's your first bonus for joining my team~"

Sam glanced at Mr. Parker, who was obviously distracted, and reached out to take the one-meter knife. He also reached out to take the check, and opened his mouth not knowing what to say. .

David smiled and glanced at Seamus and Nylent: "Sam, since you have chosen to join my team, I have also accepted the position of consultant in Morgan Stanley's strategic decision-making team."

"You have worked at Goldman Sachs for several years. I want to hear your views and understanding of Morgan Stanley, as well as your leaders, bosses, and colleagues who work at Goldman Sachs, and their views on Morgan Stanley now."

Sam felt the check in his hand was a little hot. .He glanced at Old Morgan, who was silently thinking, and Nelent, who was sitting aside and smiling.

Seeing Sam's eyes looking back and forth, David smiled and waved his hand: "Sam, you are joining my personal team, and you are also working for me~"

"Now I want to hear your views and comments on Morgan Stanley's business and development. You don't have to worry about anything. Whatever you know and what you want to say, just say it. We are all our own people here!"

"You can evaluate the Morgan Stanley you know from the perspective of a bystander!"

Sam looked at David's smile and slowly squeezed the check in his hand. .

He took a few deep breaths, put the check in his pocket, smiled and nodded to David: "I understand, boss~!"

"Morgan Stanley~!"

Sam fixed his gaze on the wine glass in front of him, calmed his mind, and said.

"More than ten years ago, in the 60s."

"Competition on Wall Street or in the entire American financial sector has become extremely fierce."

"The financial landscape on Wall Street is becoming increasingly crowded with a large number of insurance companies, brokerage firms, government loan programs and the World Bank's multinational organization."

“As financing channels become wider and wider, customers’ dependence on banks for capital needs becomes weaker and weaker. Securities trading companies that have strong trading capabilities and know how to create new financial instruments are the most adaptable to the new era. company form".

"Companies headed by Salomon Brothers and large retail brokerage firms headed by Merrill Lynch suddenly emerged, and they swiftly and swiftly annexed countless established banks. In the past 20 years, more than one-third of Wall Street banks and investment banks have Disappeared."

This short piece of history that Sam told suddenly attracted all the attention of David and others. .

Sam ignored the attention and continued to talk.

“When I was having a party, drinking and chatting with some of my bosses at Goldman Sachs, they made a comment about Morgan Stanley, which I remember very deeply.

"Morgan Stanley, faced with this severe situation, many veteran partners are still immersed in the afterglow of past glory, hoping to maintain the current closed small private club that is only responsible for urban and rural companies and corporate business forever. "

"They have an inexplicable confidence that potential customers should come to them, and existing customers would never dream of leaving Stanley."

"But some young partners at Morgan Stanley are aware of the problem."

"The six young partners saw the pedantry of the old partners and began to vigorously promote reforms within the company. They hoped to open a trading business and no longer just be responsible for underwriting bonds and financing business.

"This move will undoubtedly break Stanley's small and elegant structure with only more than 250 employees at the time, and at the same time, Morgan Stanley will fall from its pedestal!"

"From now on, Stanley will be like other ordinary investment banks, running around in the noisy stock exchange, and will no longer be able to overlook the various situations of the securities market from high in the clouds. This makes some old partners extremely dissatisfied, saying that they are just young and strong people. White-shoe parties, people who rely on blood and social connections to achieve success, have inspired young partners to rebel."

When David heard about the Young Strong Sect, he couldn't help but look at Nelent Ramon.

Nylent noticed David's gaze and nodded with a smile. .He was one of the young men and white shoe gangs that Sam mentioned. .

Sam's words continued.

"This internal fight followed Morgan's gentlemanly principles and was carried out quietly behind closed doors. During this period, it is unknown to outsiders how the various forces fought against each other."

"It wasn't until 1971, when Stanley announced that he would open a securities sales and trading department, that everyone realized that a storm of change was coming."

"With this as a starting point, in order to obtain more capital, the young people first advocated the abolition of the nearly 150-year-old partnership system and transformed it into a joint-stock system."

“Then, some capable traders with no background or education were absorbed as partners of this noble company.”

"For example, Cuban immigrant Luis Méndez, who was a baler but showed great talent in securities trading."

“Even in order to attract these capable traders, Stanley began to implement a salary system that focused on practicality, breaking the original equal pay relationship among partners and creating a new atmosphere of competition and tension.”

"Then, the publicity department set up by Stanley launched the first advertisement in the history of Morgan Stanley. The picture showed a bolt of lightning breaking through the dark clouds, and underneath it was written: If God wanted to raise funds, he would go to Morgan Stanley!"

"Show your sharpness!"

"From this, Morgan Stanley began to expand, rapidly expanding from its original team of more than 250 people to a large investment bank with more than 1000 employees now."

Sam moved his body slightly and continued: "When I first came to Wall Street, I saw an article summarizing these changes in Morgan Stanley."

“The elegant and comfortable world of Morgan Stanley was replaced by the predatory world of acquirers and the indifferent, offensive, and conflicting world of traders. Form finally gave way to function.”

"From my personal point of view, the most unexpected change brought by the young elite to Morgan Stanley is also the most far-reaching change for the entire Wall Street financial community. It has opened the curtain of hostile mergers and acquisitions. .”

"Before 1970, mergers and acquisitions were not considered a profitable business. When investment banks gave relevant suggestions and plans to clients, they often only charged a small nominal fee as a preferential treatment for old clients and to increase customer stickiness."

"Moreover, when providing advice, Morgan Stanley must also consider the relationship between the relevant company and its major clients to avoid angering major clients and losing underwriting business."

"But as mentioned before, bond underwriting and financing businesses are in decline, and mergers and acquisitions are on the rise. In recent years, 18 of the top [-] companies in the United States were born through mergers, acquisitions, integrations, and reorganizations."

"As a result, under the results-oriented leadership of young professionals, Morgan Stanley's Mergers and Acquisitions Department came into being, becoming the first bank on Wall Street to set up this department alone."

"In 1974, the Canadian nickel mining company Inco approached Morgan Stanley and hoped that it would help acquire the world's largest battery manufacturer, Electronic Storage Battery Company, but the latter did not want to be acquired."

“According to the gentleman banker code of Morgan Stanley, which used to require the other party’s consent to recruit people, this business should be abandoned.”

David was amused by Sam's words without any curse words~

Go find talent. .Do you still need to ask for the other party’s consent?

amount. .

Morgan Stanley's Code of Gentleman Bankers. .

No wonder Morgan Stanley is quickly being caught up by investment banks such as Goldman Sachs, Merrill Lynch, and Lehman Brothers. .

Morgan Stanley, who sits at home and waits for business to come to him, can survive in Wall Street, which is dominated by the law of the jungle. .It’s already a miracle~!

hehe~

Sam's voice did not contain any personal emotion as he continued: "Nearly 40 directors of Morgan Stanley convened a plenary meeting for this, and there was a heated debate."

"However, due to the strong advocacy of the young people, Morgan Stanley still accepted this hostile acquisition task."

"They cleverly switched responsibilities and said that they were helping Inco with its mergers and acquisitions. They were just following the Morgan consortium's old tradition of serving loyal customers, and they said things that were blasphemous to tradition were respecting tradition."

"After deciding to take over, Morgan Stanley quickly launched a lightning attack. At the first meeting with the battery company's senior management, it proposed to acquire the company at a price of 28 yuan per share, and would proceed regardless of whether the other party was willing."

"Although this price is much higher than the battery company's market price of 19 yuan per share, the company is still unwilling to be acquired because they have never thought of selling the company's shares!"

“To fend off Morgan Stanley, battery companies reached out to Goldman Sachs for help.”

"When Goldman Sachs learned that the acquirer turned out to be Morgan Stanley, an old and aloof rival, they were shocked. At the same time, they responded quickly and found a white knight for the battery company: United Aircraft Company."

“After United Aircraft Company joined the bid, the stock price of the battery company continued to rise, but Inco finally relied on Stanley’s strong financing capabilities to successfully complete the merger and acquisition at a price of 41 million yuan per share, exceeding 100% of the bargain price. .”

"And because of this successful merger and acquisition, the overall valuation of Yinke has more than doubled."

When Sam said this, he reached for the wine glass, took a sip, and said some truths that made David scratch his head even more.

"Although it was successful, Morgan Stanley himself was fully aware of the unfairness of this acquisition."

"They insist to the outside world that the trend of mergers and acquisitions is inevitable and not initiated by themselves, and that although this acquisition is not in the interests of management, it is in the interests of shareholders."

"No matter how Stanley tries to sugarcoat it, this case has indeed opened Pandora's box of hostile takeovers."

"More importantly, through this case, Morgan Stanley and Goldman Sachs once again entered the arena."

"After this incident, Wall Street investment banks want to understand one thing."

"It's all about money and interests. Morgan, who flaunts himself as an aristocrat, is nothing special."

"Since you started it first, don't blame us for being rude."

“The golden chains of Morgan Stanley that no one once dared touch are beginning to rust.”

Sam played with the cup in his hand and his voice was slightly lowered: "In mergers and acquisitions in recent years, Morgan Stanley often represents the offensive large acquirer, while Goldman Sachs protects the defensive acquiree."

As Sam's story stopped, David also put down his writing pen, shook his head slightly and sighed in his heart.

Morgan Stanley once sat high in the clouds. .After putting down your body, are you still at the top of the food chain in the Wall Street financial world?

His eyes turned to Nellent.

This Mr. Ramon, who has always made himself very transparent today, is what Sam calls an outstanding representative of the young Morgan Stanley faction!

Old Morgan brought Nylent here to meet David today. From the beginning, he had already shown David his support and determination for the reform of the young men of Morgan Stanley.

David looked at the record in his hand and said, "In addition to the securities sales and trading department, the mergers and acquisitions department, and the traditional underwriting department, does Stanley have any plans to establish new departments?"

Nylent shook his head slightly: "There are no plans to add departments yet. Stanley has grown too fast in recent years, and the massive growth in personnel has made the board members worried."

"In addition... the stock and securities markets have been like a pool of stagnant water in the past one or two years, and Stanley's overall income has decreased by nearly 35% as a result~"

"Although the income from mergers, acquisitions and restructuring business is pretty good, it is not enough to support the entire Morgan Stanley~"

David frowned and looked at old Morgan.

At some point, Old Morgan recovered from his thoughts with a smile on his face.

He said: "In the morning, we talked about exchange rates, futures, and national debt issues."

"They are all new business units that I am considering opening for Stanley."

"David, do you have any good suggestions for these ideas?"

Emmm. .

David's eyes glanced back and forth at Old Morgan, Seamus, and Nellent.

He lowered his head, picked up a pen, and wrote down several topics and business matters he had discussed with Old Morgan on paper.

After a few minutes.

He glanced at Mr. Otis Parker.

Mr. Parker no longer looked like a brooder. .

He was holding Andy, and the two of them were communicating in a low voice. .

"cough~"

David coughed slightly, lowered his head and wrote a few lines on the paper, checked it over, smoothed out his thoughts, and said.

"Sam just said something about Stanley that he knows, but he doesn't know about you... What do you think?"

Nylent shook his head and smiled: "Haha~ What Sam said... is basically the truth~"

"Nowadays, people on Wall Street don't directly say what they think in their hearts, but they think the same thing as Sam in their hearts. Some people may even be more... you know!"

David nodded.

Morgan Stanley, once a gentleman banker, has now transformed into a barbarian standing outside the door. .

It created a history in the financial world, and also slightly lowered its once proud head in the face of money. .

He glanced at old Morgan, and the old man waved to him: "Just say it~"

"ok~"

David picked up the juice, drank it directly, took a breath, and opened his mouth.

"Whether you agree or not, I think that whether it is a bank or an investment bank, they are all in the financial industry providing services to people, companies, and corporate customers. I think everyone can understand this!"

"Morgan Stanley has a glorious history, great strength, rich experience, and broad connections, but none of them has a clear self-awareness as a person in the financial services industry~"

"Just like Sam said just now~"

"Since everyone wants to make money, they are still unwilling to lower their heads to look for more opportunities and better customers, and are unwilling to use their best abilities and enthusiasm to serve customers."

"A proud head, a deflated purse..."

"Nelent, I support the changes you have brought to Morgan Stanley. This strategic decision-making team is a great decision!"

Seeing David's sharp taunting, everyone couldn't help but suppress their laughter, trying to make themselves better. .Be serious. .

After hearing what the new boss David said, Sam nodded with gratitude in his eyes.

David glanced at Sam, nodded and continued: "Is General Motors an old customer of Stanley?"

"Yes~" Nylent was stunned for a moment and nodded.

"We might as well give you an example."

"Suppose General Motors found Stanley and wanted to issue 1 million yuan in bonds, but they wanted Morgan Stanley and Goldman Sachs to serve as joint lead underwriters... Would Stanley agree?"

Nylent smiled bitterly and shook his head with certainty: "There is a high probability that they will not agree..."

David spread his hands and said, "Why? The business that comes to your door is still an old customer and a big company like General Motors. Why can't you meet their conditions and insist on being a single underwriter?"

"Sam, if Goldman Sachs received this offer from General Motors, would the leadership of Goldman Sachs agree to cooperate with Morgan Stanley?"

Sam nodded with certainty: "All the investment banks on Wall Street are laying off employees. Goldman Sachs may hesitate, but they will definitely not refuse!"

Nylent choked and shook his head: "We..."

David understood what he wanted to say: "Because of face? Haven't you ever thought that if this kind of thing happens the first time, it will happen a second time, and countless times?"

"If the elegant and noble gentleman bankers of Morgan Stanley cannot accept this cruel fact, then Stanley will become the prey of everyone on Wall Street in the future!"

"All the investment banks who are eager for Stanley's clients will be ready to compete with Stanley for clients at any time~"

"They don't care if Stanley hates them because of these things."

"They only recognize the interests and money that they can see and hold in their hands~!"

"Nelent, I have no intention of making any personal accusations against you~"

"If you think I've gone too far~ I'm here to apologize to you!"

"However, since I have agreed to join Stanley and serve as this consultant, I think we can close the door and explain these things clearly in front of our own people. It will be the same for you, me and everyone. A good thing!”

Nylent nodded in agreement: "I understand ~ David, Morgan Stanley is already in a backward development situation. If we don't make changes, the future..."

"If Stanley doesn't change the inherent pedantic thinking patterns in his mind, it will have no future!"

David cut off Nelent's words, raised his hand and waved.

“Of course, just changing the inherent thinking mode is not enough!”

"Stanley also needs to make a clear positioning for his future development!"

"Investment bank Morgan Stanley, as a financial services company, needs to summarize its own advantages and characteristics. What makes Stanley better than other investment banks? What are the advantages?"

“Why should clients choose Morgan Stanley to serve them?”

"Is it because of your advertising slogan?"

"Will God come to you for financing?"

"Then...will you treat and serve all customers like gods?"

"You don't even need to answer this question. I already know the answer: No~!"

"Just like General Motors, if they ask you to be a joint underwriter, you will refuse them."

"I don't understand these things in the financial industry, but I have been a bartender in a bar for three years~"

"I have learned many things in the past three years, the most important of which is: Don't treat your guests as fools, let alone make them disgusted or anger them just to save your own face!"

"Comparatively speaking, only making money is in my hands, that's what matters most to me~"

"I am in the service industry!"

"Whatever the guest says, I just do."

"With the money in my hands, I can pay the rent, fill my stomach, and buy the latest beautiful clothes for my girlfriend that she likes~"

"But the premise of all this is that I want to get money from the customers into my wallet~!"

"This is the position I give myself when I'm working~!"

"So...Nelent, where is Morgan Stanley's self-positioning?"