Chapter 2451 Straightforward
Feng Yiping's feeling was not wrong. Mr. Sun from Morgan Stanley really hated him.
There may be love without reason in the world, because love is sometimes hard to explain.
But there is no hatred without reason in the world.
So Mr. Sun really had sufficient reasons to hate him.
As for the reason, while chatting with a few of them upstairs, Feng Yiping probably had a guess. If nothing unexpected happened, it should still be related to his report submitted directly to the top management.
He was indeed not wrong.
Mr. Sun, who met him for the first time today, had been angry with him for a long time because of that report.
Because that report ruined CIC's investment in Blackstone, Blackstone not only felt resentful towards Feng Yiping and was always thinking about stabbing him, but also made Mr. Sun hate him.
In addition to the former Hong Kong financial executives hired by Blackstone, the Morgan Stanley Greater China region under Mr. Sun was also the matchmaker for that investment that had been discussed for a long time.
Morgan Stanley already has this kind of business.
For that investment, all the relevant conditions had been negotiated, and they were just waiting for the final signing, just like a roast duck that had been served on the table in the private room of Quanjude. It was up to them whether to wrap it in a pancake or eat it directly.
But the duck just flew away.
The reason given by CIC at that time was also perfunctory: the final approval was not passed.
But whether it was Blackstone, who knew China, or Sun Wei, who knew China even better, they knew that there must be some variables, otherwise such a situation should never have occurred at that time.
They all knew very well that, especially in the face of such a transaction, no Chinese corporate executive or government leader would not make full preparations in advance.
The consensus-driven decision-making method and careful preparation in advance made them dislike the last minute change.
So they would never do such a thing.
Mr. Sun and Blackstone were aware of the decision-making process and behavior habits of their partners in China. If the terms written in the final agreement were not agreed by the relevant level leaders, they would not end the negotiations, and ending the negotiations meant that the agreement would definitely be approved.
Later, they finally knew that the variable was Feng Yiping.
But there were more reasons why Ms. Sun hated Feng Yiping.
While soliciting investment from Blackstone, she did not forget to consider her own company.
In 2005, after the old boss John Mack staged a comeback amid the welcome and warm applause of Morgan Stanley employees, due to the influence of the market, there were not many outstanding performances, and his position was actually a little unstable.
Therefore, they have been planning a big move that will make both ordinary employees and the board of directors shine. Later, they decided to let China Investment Corporation invest in Morgan Stanley.
This proposal did receive very positive feedback at the beginning, and the two sides also had a rough framework. Morgan Stanley's side was about 10% of the shares, and the corresponding investment was more than 5 billion US dollars.
But with Feng Yiping submitting the report, even Blackstone's cooked duck flew away. At this time, their idea naturally had no possibility of further discussion.
Feng Yiping's report easily made Mr. Sun's two big plans come to nothing. How could she not hate him?
Otherwise, she, who has been in the financial circle for so many years, would not be unable to control her emotions.
She needed to be careful to control her emotions in front of Feng Yiping, but Feng Yiping did not need to control his emotions in front of her.
After guessing why Mr. Sun had such a great hatred for him when they first met, Feng Yiping did not have a good face for her.
"Mr. Hu Li, you may need to wait a moment. I have some questions and I want to talk to them first," Feng Yiping said to Joseph Hu Li of State Street when they arrived at the meeting room upstairs.
"No problem, Mr. Feng," Hu Li had no opinion on this at all.
He felt that this Mr. Feng was really as kind and gentle as the rumors said, and he didn't care about the problem he was worried about at all.
Moreover, he could probably feel that the atmosphere between this gentle Mr. Feng and Goldman Sachs and Morgan Stanley did not seem so gentle.
They should really need time to resolve their differences first.
However, whether it was Raul Blankfein of Goldman Sachs or John Mack of Morgan Stanley, they were not very satisfied with Feng Yiping's proposal.
They all hoped to talk to Feng Yiping alone.
Because the issues they wanted to discuss with Feng Yiping were relatively private, and the two companies, Goldman Sachs and Morgan Stanley, were just like Fidelity and State Street. Although they were often mentioned by many people at the same time, in fact, they were rivals of each other.
They really didn't want to talk about these topics in front of their rivals.
But Feng Yiping didn't allow them to question, "Please, both of you,"
The two had no choice but to go.
Because although they defined the purpose of this meeting as negotiation, in fact, they had something to ask of Feng Yiping.
The two walked in front, and Mr. Sun was also about to follow Feng Yiping into the meeting room, but was stopped by Wu Qian, "I'm sorry, Mr. Sun,"
Mr. Sun was stunned, do you know the relationship between me and our CEO?
Wu Qian naturally knew the relationship between Mr. Sun and Mai Jinheng at this time, which was not difficult to find out.
Wherever Mai moved, he would bring Ms. Sun, who had an annual salary of millions of dollars, there. This has long become a good story on Wall Street.
Wu Qian also knew that Mr. Sun, who was good at dancing with long sleeves, especially in China, had very close relationships with some high-end people in the domestic financial circle.
"I am an important assistant to Mr. Mai," Mr. Sun said.
At this time, the three people in front also heard the movement.
Blankfein of Goldman Sachs looked at this scene with a smile. He knew very well the calculations of this old acquaintance of Morgan Stanley. He wanted to use Mr. Sun, who was also from China, to fight for more favorable conditions for himself.
But now it seems that the plan cannot work?
Haha, this is good!
"Feng, Sun is..."
Feng Yiping frowned and interrupted Mai Jinheng's words, "I don't think Sun needs to participate,"
Mr. Sun, who had a smile on his face, couldn't help but look gloomy.
The smile on the face of the head of the competitor, the unquestionable and barely concealed disgust on Feng Yiping's face... She hadn't felt so humiliated in many years.
But what made her feel even more uncomfortable was that the boss who had always taken care of her finally nodded.
"Okay then," said Mai Jinheng.
Feng Yiping's not very polite attitude made him feel that the subsequent communication process might not be too peaceful, so he felt that it was better for his capable subordinate not to be present.
Otherwise, some things might affect his image in the eyes of this capable subordinate.
"Okay," anyway, the boss's words must be listened to, and General Manager Sun only nodded to his boss and turned away.
The hair that shook with her steps directly showed her emotions at the moment.
But a voice came from behind, "Wait,"
She stopped, have you changed your mind?
Of course it's not as beautiful as she thought.
Feng Yiping said to the two in front, "Let me talk to Sun for a few words,"
Mai Jinheng looked at his face, which was definitely not good at this time, and was quite puzzled. What was going on?
Blankfein smiled and sat down at the table, "Of course no problem."
In fact, Feng Yiping did not ask for their consent. He had already walked out of the meeting room and hooked his hand to Mr. Sun, "Let me talk for a while," and walked to the other side first.
Now, Mr. Sun was a little confused about what Feng Yiping was up to.
Similarly, there were many years when no one called her like this, but she still lowered her head and followed, because she knew the boss's request this time, so she couldn't cause trouble for the boss now.
"You haven't forgotten Mandarin yet," Feng Yiping said in Mandarin.
After hearing this sentence with many meanings, Mr. Sun was annoyed again. What do you mean by saying this?
Does it make sense?
"I think you should know that I have always had a principle when doing business in China, that is, never taking advantage of the country,"
"I will also safeguard the interests of the country to the best of my ability. Of course, I don't expect you to understand my approach," Feng Yiping said non-stop as soon as he came up.
"So I think I know very well why you have such a big opinion about me,"
"But you know, I don't care at all,"
Mr. Sun really couldn't calm down anymore. Are you going to have a fight with me first?
"I'm telling you straight, I don't care about normal transactions. My definition of normal transactions is that both parties of the transaction can benefit, but the party that invests, not only can't protect their rights and interests, but also be laughed at for being rich and stupid,"
"If there is a similar transaction again, no matter what connections you have opened, I tell you, I will still ruin it!"
Mr. Sun was so anxious and angry that he couldn't even speak.
"Of course you can continue to hate me and target me, I still don't care, because it is destined to be futile,"
"Remember my words well,"
Mr. Sun had already cursed in his heart. We are all businessmen, we are all water, why are you filling me with pure water?
She said to Feng Yiping who was walking towards the conference room, "All our transactions in China..."
"I'm sorry, Ms. Sun," Wu Qian stopped her firmly again, "Please come this way,"
She heard the whole conversation, and to be honest, she didn't understand why the boss would say such impolite words to this lady.
…………
"Okay, you two, we can start," Feng Yiping walked into the conference room and sat directly in the main seat.
"I understand very well the main demands of you two this time, because that has been submitted to Paulson,"
The two looked at him, so what?
They didn't intend to explain their behavior of finding Paulson to state the relevant demands, they only cared whether Feng Yiping would consider their demands.
"I can tell you now, it's impossible!"
"No matter how high our returns are, our investment must be fulfilled according to the relevant agreements, and the money we should pay cannot be less, this is non-negotiable!"
So, the atmosphere in the conference room became tense from the beginning.