Chapter 115 Entering the Black Stone
"Iridium announced that it would exchange shares with AT&T and reached a strategic cooperation agreement. At the same time, AT&T announced that it would no longer independently develop the network plan and instead join Iridium's optical network plan..."—— Bloomberg News
"Iridium announced that it will provide services for the USF's supercomputing center connection project. The first fiber optic line will connect all universities in the New York and Boston areas, and then connect to California on the west coast..." - Bloomberg News society
"NASA and Iridium Corporation jointly announced that the first test and verification communication satellite will be launched before the end of the year. If all goes well, Iridium Corporation plans to send all 77 communication satellites to the scheduled orbit next year... …” – Bloomberg News
In the days that followed, Iridium almost became the largest source of financial news for Bloomberg News. After the cooperation between AT&T and Iridium, a global telecommunications company came into being, and human communication is about to enter the satellite era. And Eva has become a representative of the American technology business community. Even Microsoft's board of directors is debating whether Eva should be given a bigger role at Microsoft than just as a financial investor.
But to Eva, all this is just a false name. After going through this difficult time, Eva has grown a lot. This is all thanks to Mr. Peterson's precepts and deeds. Talents like Peterson and Schwarzman, Eva and Seriosha will never be missed, so when the cooperation between Yota and Blackstone came to an end. Eva introduced Mikhail, the president of Bank of Colombia, to Blackstone to discuss investment and shareholding.
"Mr. Peterson, Mr. Schwarzman! I admire the abilities and talents of the two of you. I think it's a pity that Blackstone's business level is limited to the consulting business. I don't know if the two of you are willing to Accept the investment from Columbia Bank?" Mikhail asked modestly and seriously.
"Do you want to invest in Blackstone? I don't know how much you plan to invest and how many shares you will take?" Schwarzman asked rhetorically.
"We hope to purchase 80% of Blackstone's shares from two billion US dollars. I wonder what you two want?" Mikhail replied cautiously. Next, because Blackstone will become a large investment bank comparable to Goldman Sachs in the future, their clients will not only be the top richest people in the United States, but shareholders even include Temasek, the sovereign fund of Singapore, the sovereign fund of the Kingdom of Saudi Arabia, and China Government Sovereign Fund. It all happened over the next thirty years.
"Mikhail, I think you should be clear that a Wall Street investment company like us is completely different from most traditional manufacturing companies. Our most important asset is actually the company's employees. This is actually different from the law partners outside. The company is very similar. To evaluate the quality of a law firm cannot be judged from its financial statements. The key is to see who the lawyers of the law firm are! It is not that Blackstone does not welcome new investors, but we hope investors Don't interfere too much with the normal operation of the company!" From his own point of view, Peterson is willing to accept investment, but Columbia Bank requires too many shares. Once he accepts the money, he will help Columbia Bank with a small job , losing control of the company is a big problem.
"Mr. Peterson, I fully understand your concerns. Out of trust and respect for the two gentlemen, we can change the way of cooperation. We cooperate in the form of AB shares and partnerships. The two gentlemen can hold More class B shares with high voting rights, and the partnership system can also ensure that if there are more capable employees in the future, he can be promoted to a suitable position..." Mikhail's condition is Xie As a result of Liaosha's careful consideration, Sergei knows that all the value of Blackstone is now concentrated on Peterson and Schwarzman,
As long as they stay in Blackstone, Blackstone will have an unlimited future. In order to retain these two talents and at the same time take into account the interests of Sergey, Sergey chose the shareholding structure of AB shares. The so-called AB shares refer to the company issuing two different stocks. A-shares have higher voting rights than A-shares. In this way, when a conflict arises within the company over a certain issue, even if Schwarzman and Peterson own a relatively small share of shares, they will not suffer a loss in voting rights. The partnership system is another way to retain talents. It is usually popular in Wall Street investment companies, law firms and accounting firms. If an employee has outstanding ability, he will be promoted to the position of partner. In fact, he can share the company's dividends without owning shares, and this right is only available to shareholders in ordinary companies.
"Mr. Mikhail, your proposal is very generous! I am personally willing to accept your investment!" Peterson felt full of sincerity from Mikhail's proposal. Peterson is a person who is used to big scenes. Naturally, he won't be satisfied with Blackstone's current small fights. Accepting the investment from Columbia Bank means that Blackstone has a strong capital backing, and they can do things that they couldn't do in the past. Two billion US dollars may not be considered a shocking investment on Wall Street, but for most companies in the United States, this amount of money can solve many problems. Peterson looked at Schwarzman who was sitting aside, blinked secretly, and there was still a satisfied smile on the corner of his mouth.
"I am also willing to accept your investment!" Schwarzman said quickly.
Okay, since neither of you has any opinions, our cooperation is considered a deal. I will find a lawyer to discuss the contract with Blackstone Company as soon as possible, so I look forward to a happy cooperation between us.
"Happy cooperation!" Mikhail got up and shook hands with Schwarzman and Peterson. The two sent Mikhail downstairs, and then turned to answer the office. At this moment, the voices of two partners shouting suddenly came from this small company. The employees in the company didn't know what happened to make the two partners so abnormal.
"Petersen, tell me it's really two billion?" Schwarzman shouted excitedly.
"Yes, it is indeed two billion, Schwarzman, I think we should change our office. How about going to Rockefeller Center?" Peterson said happily.
"Petersen, I still like the Empire State Building, and the restaurants near it are delicious!" Schwarzman objected.
"Rockefeller Center!"
"Empire State Building!"
"Rockefeller Center!"
"Empire State Building!"
"Schwarzman, I want to exercise my voting rights on preferred shares and go to Rockefeller Center!"
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