Manhattan Reborn 1978

new York.

Little Odessa in the southernmost part of Brooklyn.

Yuri Orlov finished the breakfast made by his mother, smiled and kissed her forehead.

"Don't wait for me to have dinner, Mom, I have a date... tonight!"

Yuri's mother smiled brightly. She smoothed the wrinkles on her white shirt for her son Yuri and said warmly: "Go ahead and call back if you need anything."

Yuri nodded with a smile and hugged her hard again.

Yuri's younger brother Vitaly complained with a smile: "It's great now. I'm the only one helping my mother run the restaurant."

Yuri's father said unhappily: "What? Am I not a human being?"

Yuri's mother opened her eyes and shouted: "Are you still a human being? When did you ever lend a hand to help in the restaurant at home..."

amount. .

Yuri picked up his suit jacket on his chair, gestured to his brother to make a phone call, and hurriedly slipped out of the house. .

Making noise is a traditional part of the Olof family. .

Yuri and his younger brother Vitaly grew up surrounded by the noise of their parents. .

After leaving the house, Yuri happily put on his coat, walked to the second-hand car he just borrowed money from his mother last night, opened the door, and got into the driver's seat.

According to Yuri's mother: "You have found a job in Manhattan now... From now on, you will always have to squeeze in the subway or bus when going out... Not good~!"

hehe~

Yuri felt that her mother was absolutely right!

This second-hand car was bought for 1800 knives. The interior was not bad. Yuri started the car, glanced at the rearview mirror, put some force on his feet, and the car quickly disappeared down the street.

Yuri's younger brother Vitaly stuck his head out of the window and watched Yuri drive away in a car, with a happy smile on his lips: "This damn Yuri~haha~"

After half an hour.

Wall Street, in front of the Stanley Building.

Yuri parked the car, got out of the car, and looked around.

Giovanni was wearing a suit at this time, standing on the street, leaning on the car, holding a newspaper in his hand, as if he was a Wall Street elite, paying attention to various national events in the newspaper. .

Yuri looked back at the car, made sure it was locked, lowered his head, adjusted his clothes, and strode to Giovanni's side.

"Hey~ are you waiting for me?"

Giovanni put down the newspaper, glanced at Yuri, and yawned: "Haaah~ah~yeah~you're late, bastard!"

"Um... Sorry, there's a traffic jam on the road! Usually I drive here from home and it takes about 10 minutes!"

"Okay~ let's go up."

“If you have any explanation, you’d better tell David later~!”

"Oh well!"

Giovanni folded the newspaper in his hand, tucked it under his arm, and walked towards the Stanley door casually.

Yuri glanced at his back and couldn't help but look up at the Morgan Stanley Building. He took a deep breath, raised his hand and tightened his tie, threw off his long legs and chased after him.

----

Stanley fourth floor, conference room.

Yuri Orlov knocked on the door and came in.

David is sitting at the table looking at a document.

There were two large piles of folders scattered around his hand. .

To David's left, sat Giles, Pine, Bloomer, Leslie, Odis Parker, and Sam Rogers.

Sitting on the right are Lilith, Grace, and. .Laura~!

----

Let's turn the time back an hour.

David, who had just entered the conference room on the fourth floor, was a little surprised when he saw Laura walking in: "Why are you here?"

Laura raised her head a little arrogantly: “I skipped class today~!”

"Forehead.."

David saw Lilith coming in with Laura, holding many folders in her hands, and stepped forward to help pick them up. He couldn't help but whisper: "Are you... okay?"

Lilith smiled and gave him a nice look: "Of course it's okay~!"

Grace on the other side saw that David was the only one in the conference room, so she couldn't help but joked: "Okay, how can you marry two wives with just one engagement?"

"You are so...so romantic, David!"

"what?"

David put down the documents and looked at the three women sitting down. He had a bad feeling and said, "What do you mean? Are you engaged to marry two?"

"Laura, you... stop making trouble!"

"When did I say I was engaged to you?"

Laura tilted her head and looked at David sideways.

"Tch~ Am I the bridesmaid?"

"Am I...the bride?"

David scratched his head speechlessly: "What do you love? Anyway, why don't you just stand aside when the time comes... It's over?"

"As long as everyone is clear about it, why do you have to come...what about this drama?"

Laura continued to squint her eyes and shook her head: "No~I...have to wear a suit that day~I want to be the groom!"

Lilith and Grace both laughed.

David saw the two of them laughing and realized that he was being taken advantage of by this little girl. .Teasing. .

He bared his teeth and smiled and said: "Okay~ You will be the groom and Lilith will be the bride~ I am looking for some beautiful girls to be your bridesmaids, so that you can be happy together~"

"Then...I won't go~ Here, I wish you happiness forever!"

Laura's eyes widened: "You won't go? How can you not go? You won't go... What will Lilith and I do?"

"What should I do if I love you? The groom is not me anyway!"

David followed Laura's example, shrugged arrogantly and spread his hands~

Lilith and Grace sat watching the show in perfect harmony, ignoring Laura's look of help. .

David simply put his feet on the table and said proudly: "How's it going? Your plan has succeeded~ Should we open a champagne to celebrate?"

With that said, the door of the conference room was pushed open, and Giles, Bloomer, Pine, and Leslie walked in.

Bloomer, who was the first to come in, happened to hear David's words. He sat down curiously and asked, "What kind of champagne are you opening? It's only the morning... and you're starting to drink?"

David showed his big white teeth and raised his eyebrows at the people sitting down: "Laura, she wants..."

"Bang~"

"David!"

Laura slammed the table, stood up, and shouted with a nervous look on her face: “I’m joking~ I’m joking~ Don’t take it seriously~!”

"Really? Haha~"

"I think your plan is great~ Hmm... my neck is a little sore~"

"Oops~Why are my shoulders so stiff all of a sudden?~"

"It seems... I need someone to give me a massage~"

Laura's eyes narrowed like a crescent moon, she walked behind David with a smile, put her hands on his shoulders, and massaged lightly and hard: "David~ I was joking just now~"

"How's it going? Is it still here... okay? How about I try harder~?"

Both Giles and Bloomer couldn't help lowering their heads and shoulders and snickering. .

Leslie's eyes widened, and he touched Pine who was sitting next to him with some curiosity: "The two of them... what is going on?"

Pine glanced at Leslie, tilted his mouth, shook his head and said, "We came in together, how did I know~"

amount. .

Leslie looked at Lilith and Grace who were watching the show, and began to rub her chin, trying to figure out who was between the three men and women in the conference room just now. .what happened?

David closed his eyes and hummed softly: "Yeah... Not bad~ Just this intensity~ Hey~ That's right~ This is it~"

"Hmm... Okay~ Laura, you have great potential in this area~ I think... you'd better practice this massage technique, it will definitely be of great use in the future!"

Laura smiled even more happily, and began to exert force on her hands: "Yes~ I have practiced it well. From now on, when your neck and shoulders feel uncomfortable, I can give you a massage~"

David's comfortable expression just now disappeared. He quickly took his legs off the table and said with a smile: "Okay~ You should be tired too~ We are all here too~"

"Next time~wait for me next time..."

"Okay ~ I'll wait for you next time!!"

Laura next time. .Those two words sound very strong. .

David didn't take this to heart. .

next time?

Next time, why don't you let this violent little girl tear her apart and make soup? .

"Um... Well~ cough~ the weather is nice today~ and I just happened to make an appointment with a few more people. Let's sit down and meet together. We will form a team from now on~!"

"Everyone hasn't arrived yet, please wait a moment while I look at the information first~"

David reached out and took out one from the pile of information Lilith had brought, and looked down at it.

This is one serving. .The media group development plan compiled by Lilith. .

Including what David said before, acquiring some local TV stations in various states, acquiring some small newspapers, acquiring shares in the Wall Street Journal, acquiring shares in the New York Times, and acquiring some famous magazines, periodicals, etc.

David flipped through the previous pages and found the list of alternative acquisitions compiled by Lilith.

It has to be said that Pine, who did this before, and Lilith, who took over the job later, both have a very broad vision and have listed almost all the media in the country that can be named.

Among them, the specific information of the TV station was spread across sixteen pages. .

David did a rough count and found that there were almost all of them. . More than 270 TV stations. . ?

"Um... Lilith, how come there are so many TV stations as alternative acquisition targets in your plan?"

Lilith glanced at Pine, smiled and shook her head: "These are all listed by Pine~ He has the most say!"

When Pine saw David's eyes and looked over, he shrugged, took out a lot of white paper and pens from his briefcase, and distributed them to everyone: "Here, they will all be needed later~"

"Uh...hahaha~thank you~"

Everyone smiled and took the pen and paper, successfully getting Pine's baggage. .

David looked around at everyone helplessly: "You are all starting to learn bad things~"

Pine smiled and handed out paper and pens to everyone, shook his head, and brought the topic back on track: "I have contacted all the TV stations on this alternative acquisition list~"

"You can take a look at... that white folder with the mark~ There are all the phone records I made in there!"

David glanced at Pine in surprise, found the white folder that Pine had mentioned, and opened it. .

ho~

Is it that thick?

Pine smiled as if he had guessed what David was thinking: "Based on some investigated information and phone records, I divided this list into four categories: priority, good, inspection, and... garbage!"

"Among the TV stations in this record, 17 are in the priority category, 24 are in the good category, and 114 are in the inspection category. The rest...are all rubbish!"

"If we can successfully acquire both priority and good TV stations... we will be able to complete almost full coverage of the domestic TV network, and then launch one or several TV satellites of our own. Let us build this TV network to achieve the planned goal of real-time full coverage of domestic TV news broadcasts!"

David lowered his head to listen to Pine's introduction, looked at the information in his hand, frowned and said with some confusion: "Our funds are limited, do you have a plan and timetable?"

"Yes, on the last few pages~"

David turned to the last few pages of the information and read: "Before the end of the year, acquire 5 priority companies and 4 good companies to form a TV network covering the northeastern states of the United States~"

"Next year, depending on the actual development situation, we will acquire 5 priority and 11 good-level TV stations to form a TV network covering several states on the East Coast and West Coast~"

"This plan... Bloomer, does your family have a stake in a TV station on the West Coast?"

Bloomer thought for a while: "Yes, as far as I know... Several TV stations in San Francisco, Las Vegas, and Los Angeles. My father once said that he bought some of their shares..."

"Well... Grace~ I will leave this plan to you. If you have any questions, you can contact Blumer and his father, or ask Pine for help~"

Grace glanced at Pine and Bloomer, smiled and took the folder: "Where is my office? Is it at HBO TV station?"

David thought for a while and shook his head: "Pine, can you help arrange an office here for Grace?"

Pine smiled and shook his head: "Don't you still want to take over the work of the insurance company? Our insurance company has an office here. It turns out that I only go there once in a while, but now it belongs to you."

"Okay~ You can take me to see it later~"

"Hmm~"

David blinked, looked back and forth, nodded and asked Lilith: "So... the next one is about the insurance company... which folder is it?"

Lilith took out one from the pile of documents and handed it to David: "The establishment of the insurance company and the recruitment of personnel have been basically completed."

"Pine has written down the schedule, you can take a look!"

"Oh~"

David took the folder and opened it and looked at it. The information inside was very simple: contracts for universal insurance and participating insurance products were being prepared, and contracts for disability insurance and some conventional insurance products had been finalized. .

As for the one David came up with in his head. .Customized life insurance, the data shows that it is already available. .A dozen copies sold?

"Pine, we are ready for this customized life insurance... have you sold it?"

"Of course ~ the life insurance contract of our insurance company is similar to the life insurance contract of other companies. I just asked someone to help me add some more detailed clauses in terms of legal, claims settlement and subsequent contract terms determination!"

"So... that's right~ it has sold... more than a dozen copies!"

"Who bought this?" David looked through the information and asked curiously. .

"Haha~ There is no list in there~ After Grace and I hand over the matter, I can have someone send you a copy~"

"As for who bought it...don't you know? Of course it was the audience sitting below when you were talking about the insurance company's plan in the nightclub that day~"

"Audience?...Those businessmen and...gang bosses?"

"Yes, that's them!"

"Um... Okay~ It seems... Grace~ you need to contact some powerful private detectives and investigation companies to serve as the intelligence investigation force of our insurance company..."

"Also, we need to establish a communication channel with the police. If an accident happens to these people, the terms of the contract will start to kick in. At that time... we will need the power of the police to rely on us."

Grace didn't know this at all. .What kind of insurance product is customized life insurance?

However, after listening to David's words, she still reached out to take the folder and said, "Okay~ I will!"

David couldn't help laughing when he saw someone taking over the trouble. .

"Ok~ We have almost finished talking about the work on hand before Pine~"

"Pine, what's your next move?"

"Continue working in Stanley, help Nelent Ramon, and implement your plan!"

"Oh? It... have you decided?"

David looked at Giles.

Giles tilted his head and spread his hands and smiled: "I have nothing to do with executing this plan~ I'm just here for an internship~!"

"but.."

He smiled and touched Bloomer: "We both plan to walk around each department to experience it and see the work of that department... which attracts us the most!"

Bloomer curled his lips and said: "None of them appeal to me~ Reading information, data, answering and making phone calls all day long~ It's so boring!"

Giles gave him an annoyed look: "This is what you studied at Harvard...Do you still want to do other jobs?"

"Why not? If I really find a job that I like, I will definitely do it!"

David waved his hands on the side and said: "Okay~ I understand! You can discuss this matter when we get back!"

He thought for a while and then said: "Pine, stock trading, commodity futures, bonds, these departments are all very good."

"However, I think if you can join the M&A department, you may accumulate more knowledge and experience!"

"M&A!?"

Several people were muttering softly. .

"That's right~!"

"Actually...it was only after Giles and I met Mr. Guy Luther, the president of Princeton University, that we learned that the merger and acquisition wave in the United States had already begun!~"

"We can foresee that this wave of mergers and acquisitions between enterprises and companies will enter a higher peak range as inflation continues to rise!"

“The person in charge of any company, as long as they want to make the company bigger and stronger, and want their company to successfully survive the economic stagflation in recent years, they will mention the merger and acquisition plan as one of the priorities of their future work! "

"For example, two electronic product manufacturing companies are not doing well this year. They operate separately and face huge financial expenses and market competitiveness."

"But if the technologies and products of these two companies can complement and integrate, and after the merger can produce products that are more competitive in the market, how will they choose?"

"Their merger has become an inevitable result for the company to develop and survive!"

David said and looked at Leslie: "Just like John Rockefeller Sr. did - all the oil refineries in the United States have achieved a certain degree of setting market rules and achieving the goal of maximizing profits."

"This is the only way for American companies and enterprises to develop in the future!"

"Monopolies in a certain sense all come from mergers~"

"As long as these companies and enterprises have not found higher and better development goals for themselves, acquiring other small companies with potential... is the best choice!"

"And some small companies with great development potential, if their leaders can..."

At this point, David put the brakes on his mouth, frowned, lowered his head and began to think about whether to talk about the "leveraged buyout", the most sneaky thing played by later investment banks, as a key development project. .

Leveraged buyout (LeveragedBuyout, lbo). .

It may also be called a leveraged finance acquisition, or a financing merger.

To put it bluntly, it is a trick played by acquirer investors, financial companies, and investment banks. .

David once found this material in Stanley's data room.

More than ten years ago, in the 60s, a man named Kohl Berger of Bear Stearns on Wall Street needed to acquire some small companies and did not have enough cash flow to support the acquisition, so he chose to borrow money from banks.

So, there was a leveraged buyout!

Kohl Berg's responsibility as an acquirer is to acquire these companies by providing a small portion of his own money and then filling the funding gap through borrowing and financing. However, the operating rights still belong to the owners of the original companies. .

After the acquirer becomes the new actual shareholder, it often chooses to use part of its profits in the next few years to repay interest and loans.

A few years later, the company's profits paid off the debt owed during the acquisition. The investors used their small funds to buy a very profitable company with a small amount of money. In terms of return on capital, it was very high~!

When leveraged buyouts were first created, they wanted to make profits together with the acquired company's management, shareholders, and investors in the merger and acquisition project. .

Later, in the mid-to-late 80s, as the scale of leveraged buyouts increased, the commissions charged also increased, and the company could make profits regardless of the investors. .

This attracted the attention of everyone on Wall Street!

What David is thinking now is if it should be taken as the focus of Pine's future work. .

Will Morgan Stanley become the largest leveraged buyout investor on Wall Street in the future? .

Now, Wall Street should already have similar investment funds or investment companies. .

However, they did not come into the sight of mainstream investment banks and investors. It was not until the early 80s that people gradually turned their attention to leveraged M&A companies and learned about the huge gains they could obtain. .income. .

"Whoo~"

David took a breath, looked at Pine, and figured it out~

As a little butterfly, he has brought some changes to the world. .

Even if you don't mention this idea today, let Pine and the others pay attention to it.

The development trajectory of history will still be on the track, rolling forward. .

Him, as a little butterfly. .

Not much can really be changed!

Like. . The emergence of MBS, as well as hedging bond arbitrage. .

"Pine, the main focus of your future work in the M&A department should be on the leveraged buyout business!"

"When you go back, have a good talk with old Mr. Morgan. In Morgan Stanley's mergers and acquisitions department, set up a separate leveraged buyout fund to invest in some companies with development potential, low valuations, or low price-to-earnings ratios as targets. Do a leveraged buyout!”

"LBO?"

Pine is still a little unfamiliar with this word, but he must have heard it somewhere~

"Yes~"

"There should already be an investment company specializing in this business in New York~ You can go and investigate~"

"ok~"

After David finished speaking, he felt relaxed. .

He looked at Lilith and asked with a smile: "Which one is the Morgan family's shareholding list?"

"This~!"

Lilith handed David the folder closest to her hand.

David took it, opened it, and looked at it. .

Almost there. . More than 20 pages? ? ?

"Hi~"

"Whoo~"

Even though David had made some mental preparations, he was still overwhelmed by this list. .Shocked!

"How many companies are there here?"

Lilith turned to look at Grace.

As the organizer of the list, Grace thought for a moment and said, "More than 490 companies~!"

"Um...are these all American companies?"

"No~ there are also some European countries, Australia, South America, island countries, Singapore, Hong Kong, and Kimchi countries."

David couldn't help but rolled his eyes when he heard this: "Just say there is no investment from the Morgan family anywhere on earth!"

Everyone laughed. .

Grace also smiled and said: "Africa! Except for some in South Africa, we have no investment in Africa!"

"Okay~ It sounds like... there isn't much company there that you can like..."

David lowered his head and was about to take a closer look at the list. Suddenly he remembered something and asked, "What about the Middle East? Are there investments there?"

"Yes~"

Grace thought for a moment, then asked David to turn to page 18 of the list, and gestured with her finger: "It's all here!"

"ok~"

David squinted his eyes. .

middle East!

This is the area where the competition for future world development will be fiercest and wars will occur most frequently!

It is no exaggeration to say that it is the center of the world’s storm!

In David's memory, in the future, Saudi Arabia and Qatar, which have always been home to melon-eating masses and super tycoons in the Middle East, are the two focuses that he needs to pay attention to!

"Clang~clang~clang~"

There was a knock on the door.

David looked up and saw that Auston Parker and Sam Rogers were here!

He stood up and introduced the two of them to everyone~

Otis Parker was familiar with these people in the conference room and greeted everyone politely.

Sam Rogers' heart began to beat rapidly, all the nervousness appeared on his face, and his smile became a little stiff. .

He followed Mr. Parker and greeted everyone with a polite smile.

David looked at everyone's seats. .Lady's side. .Let the three of them sit alone!

“Come on, you guys sit here first, wait a moment, I’ll look at the information first!”

"ok~"

Mr. Parker sat down with Sam and expressed his thanks to Pine who handed him the paper and pen.

Only then did Sam realize something dumbly. .It turns out that the tradition of meeting with David is. .Do I need to bring paper and pen?

Mr. Parker smiled and fiddled with the pen in his hand, glancing back and forth at the people in the conference room. .

I secretly wondered: Are these the future members of David’s team?Haha~ Really. .It’s getting more and more interesting!