The Magician’s Memorial - Chapter 56
Only Krnovel
Episode 56. Become a master (4)
After a long flight, I arrived in the United States.
I wanted to relax at SAVE Investment Company, which felt like home, but I couldn’t because customers were already waiting for me.
“Daimon came first and is waiting for you? “Is there still a long time left for the appointment?”
“My face is very swollen. “She was very angry about where she had been beaten.”
“I understand what happened without even hearing it.”
I just glanced at the bathroom and went into the living room.
As soon as Dimon saw me, he gritted his teeth and swallowed back tears.
“What happened? “Surely Sandy Whale hit you?”
“What the representative said was correct. He was thinking of passing his company on to his daughter. I was just a servant. “He even stabbed a servant for being greedy for his master’s belongings.”
How much pain was it?
Dimon was almost twice as old as me, but he was talking while holding back tears.
“Have you made up your mind?”
“I don’t want to work for that bastard anymore. “Is the offer you made before still valid?”
“If it’s an offer to help Sandy Weill become the head of a bigger financial company, it’s still valid.”
“But is that possible? Of course, we know that SAVE Investment Company has achieved tremendous performance over the years. But it is smaller than Sandy Weill’s fund.”
To capture people’s hearts, you had to show abilities that exceeded expectations.
I explained to him a little bit about the future history that was still in my head.
“Sandy will probably try to create a financial empire by merging his funds with banks. “The target is likely to be CT Bank.”
“How do you do that? Sandy was now in the process of merging with CT Bank. “There are still many procedures left, but a merger seems possible within at least a few years.”
“Our company’s information power is superior to that of any company on Wall Street. “It’s not difficult to make an inference based on that information.”
“It would be difficult to predict Sandy’s plan and create a financial empire bigger than that.”
Just tasting it isn’t enough.
Then I guess I should give him a big bite.
“It is clear that if Sandy Weil and CT Bank join forces, they will become the largest financial company in the United States. But will that last forever? Dimon, without you, the empire is nothing but a sand castle. “If Sandy Weil merges with CT Bank to create a financial empire, I will let you merge with JP Morgan to create an even bigger empire.”
“Is it possible to merge with JP Morgan?”
“Of course it will take some time. Just 10 years. “I’ll make you the head of a financial empire bigger than Sandy Weill.”
“You mean working for you for 10 years? “If you can’t keep your current promise, how will you compensate?”
“Would $1 billion be enough? “Let’s write the contract right now.”
1 billion dollars was close to 1 trillion won even at today’s exchange rate.
No matter how successful a banker was on Wall Street, it was very rare for him to earn $1 billion, which was enough to compensate for 10 years of work.
“One billion dollars. It’s an amount worth being fooled by once. “Let’s draw up the contract now.”
“I’ll call a lawyer right away.”
“But can you tell me what I’m going to do next?”
“It’s about revitalizing Dimon’s major. Over the next few years, mergers and acquisitions will become commonplace. ah! And we will have to do a hostile takeover.”
“Hostile mergers and acquisitions are my specialty.”
I felt like I had gained a thousand soldiers and ten thousand horses.
In order to sell off Taewo Group’s unnecessary affiliates in the future, a merger and acquisition expert was needed, and Dimon, the world’s leading expert in that field, was recruited.
* * *
Apple was currently managed through a board of directors.
Most of the members of the board of directors were Wall Street figures, and I was also a member of Wall Street and owned shares of Apple.
Any member of the board of directors had the authority to convene a board meeting.
And for the first time since I became a member of the board, I convened a board meeting and was able to sit together with the big names on Wall Street.
“What is the matter of suddenly convening a board meeting? “I’m already busy with work in Japan and Mexico, so I don’t have time to worry about Apple.”
George from Quantum Fund was the first to enter the conference room.
Before his return, he was not a major shareholder of Apple, but now he is a member of the board of directors with more than 5% of the shares.
He probably saw me asking for Apple’s shares and bought it.
George was the person who smelled money better than anyone else, and he must have smelled something when I asked for Apple’s shares, even offering derivatives worth $7.5 billion.
“I urgently convened a board meeting because I have something very important to say.”
“Well, you’re not the type of person to do something foolish. Everyone on the board will be attending the meeting today. “I even dragged people who said they wouldn’t come by the collar.”
“thank you.”
It was George who even winked and expressed his liking.
I guess I’m really thankful for derivative products.
Well, since they handed over derivatives that could generate at least several times the profit at a low price, they should at least convene the board of directors.
“Someone from Blackrock has arrived, and someone from Vanguard has also arrived. “Now we can start the meeting.”
The board members were seated one after another.
There were some companies that had agents in attendance instead of representatives, but since they came with full authority, there was no problem in conducting the meeting.
“I’ll tell you straight. How long are you going to leave Apple like this? I want to bring Apple back to its glory days. And I came up with that plan.”
“Is there a way to save Apple? “Let’s see if I can hear it.”
It was a noisy board meeting.
George took the initiative to mediate the situation, so I was able to continue talking.
“Apple’s products have continued to be ignored by the public. Is it because Apple’s products are really so outdated? I think not. Rather, Apple is ahead of its time. I just couldn’t explain it well to the public. The proof is Innophone.”
I took out an Innophone that had just come out of the factory.
Since they were people on Wall Street who were sensitive to information, everyone seemed to know about Innophone.
“Everything about Innophone was handled by Steve from Apple, and the design was also handled by Jonathan from Apple. Innophone means a product made with Apple’s sensibilities. And it was chosen by the public.”
“Are you saying that InnoPhone is no different from Apple’s product?”
“That’s right. “Apple’s sensibility, Apple’s design, and even Apple’s human resources.”
“But I understand that Taewoo Electronics is producing InnoPhone.”
“Have you ever used a Taewoo Electronics mobile phone? You probably don’t have one. Before Innophone, Taewoo Electronics was a company that had no fun with mobile phones. However, through people from Apple, we created a product that was immediately successful.”
Innophone was a big issue in the United States as well.
In particular, noise marketing made it into the news, further enhancing its presence.
“I know that Innophone is a good product. But Apple is not a company that makes mobile phones. “It’s a place that focuses on computers.”
“Cellphones are developing at a rapid pace. It is clear that it will evolve into a portable computer rather than a simple portable phone.”
“A portable computer? “Is there any reason to carry around a cell phone like that?”
“Is there anyone here who has not invested in the IT industry?”
Currently, the United States is experiencing an IT boom.
It was also a time when investors on Wall Street were rushing to buy stocks of IT companies.
“What would happen if mobile phones could also be seen as part of the IT industry?”
“The stock price will fluctuate greatly.”
“I am confident that Apple’s heyday will come again if we can make mobile phones part of the IT industry. And Steve is the only one who can do that.”
“Are you saying we should bring Steve back to Apple? That’s because you don’t know his personality. “He is a trouble maker and a man close to a dictator.”
There was a reason the board disliked Steve.
He was never an obedient person, and once he decided on a path, he pushed ahead unconditionally.
He refused to even have a conversation, let alone negotiate, with the board of directors, and he unconditionally regarded anyone who disagreed with his opinion as an enemy and even fought with them.
This is why I was shocked when Steve’s name came up in a board meeting.
But in the end, isn’t it the state that matters?
Putting an obedient person in the CEO position did not mean that the stock price would rise.
“The only person who can save Apple is Steve. “The person who created Apple was Steve, and Apple’s sensibility also began with Steve.”
“SAVE Investment Company said that’s what they decided, so I’ll follow it. “I have been working on Wall Street for a long time, but I have never seen a company that always makes the right choices like SAVE Investment Company.”
George gave me strength.
George was the hottest person on Wall Street these days, so his words carried a lot of weight.
However, since some of the companies attending the board of directors moved larger capital than George, not everything was decided with just one word from George.
“Steve says he can save Apple, but I think he is someone who can kill Apple completely.”
Vanguard’s representative issued a negative opinion.
To convince that kind of person, bold measures were needed.
“Please be patient and wait just three years. “If Apple’s stock price falls further in three years, I will add 30% to the current stock price and purchase the entire stock from SAVE Investment Company.”
“You’re saying that SAVE Investment Company will provide a guarantee.”
It was a negotiation plan with nothing to lose.
If the stock price rose, it was of course profitable, and even if it fell, you could see a 30% profit.
When I boldly came out like this, even the people who expressed negative opinions fell into deep concern.
“What is everyone so worried about? People who are busy profiting from derivatives. And don’t forget that the derivatives were created by SAVE Investment Company.”
This time, George spoke again.
When George brought up the topic of derivatives, the board members began to come over to me one by one.
[SAVE Investment Company holds the largest stake in Apple, so shouldn’t they follow suit? I would agree with Steve’s return.]
[If you turn this negotiation into a contract, I will vote in favor.]
[If you have any good sources, such as derivatives sold to Japan, please share them next time. Instead of selling in the middle like this time, let’s work together from the beginning. In that sense, I would agree.]
After all, the most important thing on Wall Street was money.
No matter how eccentric Steve’s personality was, there was no way he would turn it down for money.
“Thank you for the good choice. Now let’s move on to the story of Steve’s comeback. “I want to bring Steve back by having Apple acquire NeXT, where Steve is the CEO.”
“Wouldn’t that cost too much money? “It’s very difficult with Apple’s current financial strength.”
“The acquisition funds for Next are expected to be $500 million.”
“Hmm, that’s too much.”
$500 million was a very burdensome amount.
To cover that amount, paid-in capital increase or borrowings were needed, so of course there was no way the board of directors would say anything positive.
Then all you have to do is make good words come out.
It was Wall Street’s instinct to want to spread the losses, and wouldn’t it be a good thing to say that they were not just diversifying the risk, but taking on all the risk?
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