Chapter 2452 Determination

Whether it is Raul Blankfein of Goldman Sachs or Mack Jinheng of Morgan Stanley, their ability to control emotions is much better than that of Ms. Sun, who is a woman and thinks that she has a big backer by her side.

But at this time, they couldn't help but change their faces.

Feng Yiping saw their faces at this time and felt quite friendly.

At this time, it was winter in his hometown, and the sky was the same as their current faces.

Raul Blankfein of Goldman Sachs was originally an old man who always had a kind smile on his face.

To be honest, Feng Yiping had some good feelings for him when he saw him for the first time.

Because this old man, that appearance, especially when he smiled, was really pleasing.

But this old man is not pleasing at all now, because he has more white in his eyes now.

His mouth was tightly pursed, the corners of his eyes drooped, and the horizontal lines on his forehead were more than those on a tiger's head.

This Goldman Sachs chairman and CEO who succeeded Paulson is naturally impossible to be a good man in the eyes of outsiders.

If he is really a good guy, first of all, it is difficult for him to enter Wall Street. Even if he can enter Wall Street, he would have been eaten up by others without leaving any bones.

In 1997, Lord joined Goldman Sachs because the company he originally worked for was acquired by Goldman Sachs.

At the beginning, he did not attract much attention. Although Paulson had no plan to retire at that time, his successor had long been agreed upon within Goldman Sachs.

One was John Thornton, who successfully developed Goldman Sachs' European and Asian business and laid at least half of Goldman Sachs' territory. The other was John Thain, who was already the CEO of the New York Stock Exchange at that time.

The latter Mr. John was rumored to be in charge of Merrill Lynch, one of the top five investment banks on Wall Street and ranked third.

But these two people who are not only outstanding in their abilities, but also have worked at Goldman Sachs for more than 20 years, were quickly defeated by Lord, who was originally silent.

In the sixth year of Lord joining Goldman Sachs, both Goldman Sachs and commentators could see clearly that he was the best candidate to succeed Paulson.

So in 2003, the two Johns, who had long been favored but knew that they had no hope of succession, left Goldman Sachs one after another.

Later, after Paulson became the US Treasury Secretary, Lloyd became his successor without a doubt.

How could this be a good man?

This is a good man who eats people without spitting out bones, and even smiles when eating people.

Lloyd, who had no smile on his face, looked at Feng Yiping for a while, and saw Feng Yiping looking at him coldly without giving in. He quickly looked away and looked at the third person in the conference room for a few times, and finally raised his head to look at the ceiling.

The third person in the conference room, Mack, the chairman and CEO of Morgan Stanley, looked completely different from Lloyd of Goldman Sachs.

Lloyd was smiling most of the time and looked very relaxed, while this one was under great pressure and miserable most of the time.

To say that this Mr. Mai really had a very unfortunate fate.

In 1994, at the age of 49, he successfully served as the CEO of Morgan Stanley.

Three years later, he successfully launched a merger of a small company to acquire a big company, acquiring Dean Witter, which was three times the market value of Morgan Stanley at the time.

It was precisely this wonderful merger that he led that changed his career.

Pei Xiliang, whose company was acquired, insisted that since the market value of his Dean Witter was three times that of Morgan Stanley, he should naturally be the person in charge of the merged company.

The new Morgan Stanley board of directors then "let" the former CEO Mack to carry forward his style, but he had no choice but to take a step down and serve as COO.

Three years later, Pei Xiliang not only did not resign, but Mr. Mack also found that he had been completely sidelined in Morgan Stanley. At this time, leaving was naturally his best choice.

Fortunately, his years on Wall Street left a good impression on many people, and Credit Suisse First Boston soon hired him as CEO.

Three years later, he sent his subordinate Brady\Dougan to London to be in charge of international business. The latter took advantage of this opportunity to bypass Mack and manage the relationship with the Credit Suisse headquarters, and successfully won the high appreciation of the group chairman and co-CEO.

Soon, Mac was once again driven out of the CEO position...

Falling twice in the same place in a row really makes people want to sing a song for him: It's not a sin for a man to cry.

In short, in Wall Street and in the financial circles all over the world, Mac's misfortunes are really unmatched.

But if you sympathize with him and think he is too lenient, then you are wrong.

Mac has a very famous nickname on Wall Street, "Blade Mac Jinheng".

His blade is really beyond the reach of ordinary people.

Let's say that after he failed at Morgan Stanley and took up his new position at Credit Suisse First Boston, his first move was to lay off 10,000 employees!

You have to know that the total number of employees at Credit Suisse First Boston was 27,500 at that time.

That is, on average, one out of three and a half people was fired.

You also have to know that the performance of Credit Suisse First Boston was not bad at that time.

The so-called one general's success is the result of the sacrifice of thousands of people, which is just like this.

While laying off a large proportion of employees, Mr. Mai also asked the remaining executives to take a significant pay cut. Of course, the outside world said, "He successfully persuaded the investment managers who had enjoyed favorable treatment for many years to give up more than $400 million in cash income with his personal charm."

Anyone who has worked in the industry will know that this must be bullshit.

Relying on personal charm to make people agree to a pay cut? Which boss's charm can be greater than money?

What's more, he is an old man in his fifties, not a beautiful woman with stunning beauty.

Besides, just because he was able to successfully drive Pei Xiliang away after many years, take back everything that belonged to him, and stage a comeback... That method, that determination, that perseverance... must be abnormal!

Sympathize with him? Or be careful of yourself!

At this time, Mr. Mai, who always looks bitter and gloomy, looks even more miserable.

Pursing his lips and frowning, his nasolabial folds and forehead wrinkles are very obvious, and his eyelids look as big as an orange slice.

He looked at Feng Yiping and said in a deep voice, "Feng, no one knows the current situation better than you. I think you should also know our situation."

"Goldman Sachs is fine, because we all know that Goldman Sachs' stock price has risen slightly compared with the same period last year."

"And we have fallen by nearly 20% year-on-year,"

Lourde, who was originally looking at the ceiling, suddenly stared at Mack fiercely. You old sly guy, just complain if you want to, why did you drag me in?

To be honest, this is indeed something he is very proud of.

At present, although Goldman Sachs' stock price seems to have risen by less than 5% compared with the same period last year, it is not a good performance in any case.

But the stock prices of the other four of the five major investment banks on Wall Street, Morgan Stanley, Merrill Lynch, Bear Stearns and Lehman Brothers, have fallen by 20% or even more. In comparison, it is really rare for Goldman Sachs to have such a performance.

"Feng," he also spoke, "We also have a lot..."

But Mack didn't want to give him a chance to interrupt, "We all know that the situation next year will never be more optimistic than this year,"

"Under such circumstances, I really hope that Feng you can understand our difficulties,"

"It's not that we don't want to fulfill the agreement, it's not that we don't want to honor the high returns we should give you next, but we really don't have the ability to fulfill the agreement,"

"Frankly speaking, even if I don't count the returns I'm going to give you, I'm worried whether we can survive the crisis next year,"

"Of course, Goldman Sachs is different from us, they should have the ability to fulfill the agreement,"

Lourde immediately hated him so much that his teeth itched, can you please stop targeting me at this time?

"Feng," he laughed again.

Looking at his smile, Feng Yiping frowned.

That smile was a little gloomy.

"Goldman Sachs and you are old friends. I don't need to hide anything from you. The difficulties we are facing now will only be greater than those of Morgan Stanley."

"The pressure we will face in the future will only be greater than theirs..."

Feng Yiping waved his hand, "Okay, okay,"

"I know what you two are thinking and what you want to say. I also know that you two may feel very annoyed at this time,"

"But I just think it's funny,"

Funny? What's funny?

"The heads of the two most famous investment banks in the world actually find all kinds of reasons not to fulfill the signed agreements. If this is not funny, what else is funny?"

He knocked on the table, "I reiterate again that even if your companies go bankrupt at that time, we will definitely get the profits that belong to us through the bankruptcy committee,"