Chapter 957 10 Billion(1/2)
Westeros headquarters in Midtown Manhattan.
It is June 10th.
Simon arrived in New York yesterday and held a meeting with Westeros management and other Westeros subsidiary senior executives who were video-connected to the second half of the bond issuance plan.
Speaking of which, Simon now not only owns a series of stocks totaling more than one trillion US dollars, but the total amount of cash held by the entire Westeros system has reached a level that it is inevitable that it will be dumbfounded if it is known to people in the circle.
It is only said that Westeros, which is the core of the Westeros system, has been continuously contributed by its subsidiaries and cashed out in the first half of the year. At this stage, the total amount of cash and short-term convertible bonds held on the books of Westeros and cash equivalents reached US$12.7 billion.
This is still the premise that Westeros has been continuously investing in various aspects and has continued to invest heavily in recent years to buy stocks of veteran giants such as Boeing, Freddie Mac, Fannie Mac, General Electric, Walmart, Berkshire Hathaway, otherwise Westeros will have more cash holdings.
At the same time, through stock investments that generally hold more than 5%, the Westeros system has also won a large number of board seats from veteran American corporate giants. This is actually quietly strengthening the Westeros system's influence on the US economy and even its potential control over the country.
After all, it is a standard capitalist country.
Capital controls everything.
Controlling capital is also equivalent to controlling everything, and it is even more secretive.
In fact, it is not a good thing for a company to hold too much cash. The US dollar continues to depreciate. If you do not reinvest, the more cash you hoard, the greater the hidden losses will be. However, as the US bull market reaches its peak again, Simon has stopped buying stocks of various established companies, and investments in all aspects have also begun to tighten.
The main reason is that the investment is not cost-effective now.
The stocks that can be sold at $100 may be bought in one or two years, and in another year or two, when the stock market bubble bursts and enters a bear market cycle, they may be able to buy them at $20 or 30.
Similarly, because the market is too good, financing is easier and the cost is relatively lower at this stage, especially a series of companies with rapid growth, excellent reputation in Westeros system. Therefore, it is the best time to hoard funds and wait for the time.
After a day of discussion, the Westeros system's bond issuance plan for the second half of the year was initially finalized.
Start with America Online first.
After the promulgation of the Telecommunications Act, the legal restrictions that restrict the comprehensive expansion of the US Online no longer exist. On the one hand, the current US Online is further strengthening its investment in telecommunications infrastructure, and on the other hand, it has begun to enter the field of cable TV operators.
As we all know, large-scale telecommunications investment is a very expensive business.
Just like in order to develop the telecommunications industry, China has to promote state-owned telecommunications companies to go public overseas to raise funds.
In recent years, AOL has been issuing bonds continuously. Of course, this time it will not be missed. It plans to issue another 10- to 20-year long-term bond with a total volume of US$3 billion in July. This money can ensure that AOL will not have cash shortages for at least the next two years.
The outside world knows how much money American Online has been burning in recent years, and it will be very legitimate starting with this company.
It can minimize the rebound in the capital market.
Moreover, all bond issuance plans throughout the second half of the year will mainly target overseas investors, and the purpose is to avoid too many unpredictable impacts on the local capital market in the United States.
After AOL, Verizon Telecom was listed in August and suspended.
Next.
In September, Cisco, $2 billion.
In October, the presidential election is approaching and suspended.
In November, after the U.S. election vote, Nokia, Tincobaier and Johnston Holdings, each of which was $1 billion.
In December, Westeros headquarters was $2 billion.
The entire bond issuance plan totals US$10 billion.
The main purpose of such decentralized execution is to reduce disturbances to the US stock market.
In fact, for those who are a little familiar with financial knowledge, the continuous large-scale share reduction of Westeros system in the first half of the year is actually very obvious to tell everyone that it is time to stop and the crisis is coming. However, this is the case in this world. Most people understand that they can make decisions rationally according to the truth, but not many of them.
Buffett's words, "I am afraid when others are greedy, and I am greedy when others are terrified." In fact, it is simply that it fully explains the true meaning of the capital market.
Unfortunately, there are always people who want to make some more money, there are always people who feel that they can escape at critical moments, and there are always people who think they won’t be so unlucky.
The result can be imagined.
As long as it is not poured directly on a basin of boiling water, most of the "frogs" often don't want to escape. The Westeros system's phased bond issuance plan is another form of boiling frogs in warm water, which is also the result Simon is happy to see.
In short, just don’t break down the bubble because of the financing behavior of the Westeros system.
This pot is too big.
After the day of work, the evening was a family dinner for the Rebels, and the Robert Eiger family, who had also returned from the West Coast, was invited.
The next day is Tuesday, June 11th.
Of course, the bond issuance plan of tens of billions of dollars cannot be completed in one day, but James Rebel is responsible for the subsequent coordination.
Simon was not free either.
Tuesday's time was mainly spent on Daenerys Entertainment's TV business.
It is now the summer season, the TV industry is off-season, and the TV promotion season in May has ended. Currently, it is mainly to prepare for the autumn season and launch various pilot episodes to observe market feedback.
Daenerys Entertainment is actually still continuing to digest and integrate the Metropolitan ABC Group that it acquired last year, so it does not dare to relax even in the off-season. What's more, next month is the Olympics. Even if it fails to get the right to broadcast the Olympic events, its TV stations still have many related businesses to follow up.
There is another very important one.
Negotiations on the ongoing espn buyout of NFL broadcast rights.
This matter started when Daenerys Entertainment won the Metropolitan ABC last year. Until now, the negotiations have lasted for more than half a year. The main reason is that both sides are not in a hurry and have been slowly grinding because the existing contract will not end until next year, which is the Super Bowl final at the beginning of each year, which is the end of a rugby league season, so even if the negotiations last year are not useful.
However, no matter how long the dispute is, there will be results.
Several core terms involved are basically finalized.
8 years, $9 billion.
This is exactly the same as the price tag in Simon's memory. In fact, it is also the highest price tag that Simon set to ESPN's CEO Steve Bernstein before the negotiations began.
This is why it takes for so long.
After all, after the Metropolitan ABC Group was acquired by Daenerys Entertainment, the National Rugby League will inevitably have the idea of a big player. A fat sheep like Daenerys Entertainment will be useless if it is not slaughtered.
Unfortunately, what Simon doesn't like the most is to be a sucker.
9 billion US dollars in 8 years, compared with the previous broadcast price code, such a price is already very high. If the National Rugby League is still insatiable, Simon would rather not buy it. At worst, he would start by buying out the NBA.
Now the National Rugby League has basically known the quotation limit that Daenerys Entertainment can give, and there is no sign of breaking up. It is expected that the formal contract will be signed in July, but it will not start execution until next year's new season. The 9 billion US dollars broadcast fee is also paid in batches after the contract is officially executed.
At five o'clock in the afternoon, after the day's work, Simon rushed from the East Coast headquarters of Daenerys Entertainment in the Upper West Side to the East Village in Lower Manhattan.
In an office building next to First Avenue in Dongcun District.
Simon just arrived and was greeted by Grace Spurt, who was obviously waiting.
This is a red brick office building that looks a bit old, about ten floors.
Previously, on the weekend, when she learned that Simon was coming, Grace asked him if she wanted to see the girls she had collected after she had been busy for several months.
In fact, it is the new year's elite world elite model competition.
The competition started in April and passed the selection of more than 100,000 applicants worldwide. So far, it has entered the top 64. The last 64 girls have been to North America and have become Elite's official contracted clients while participating in the final training and finals of the model competition.
Unlike the "American Idol" produced by Daenerys Entertainment last year, the Elite Model Competition is relatively simple.
Moreover, in previous events, there was a serious artificial tendency.
This is also the main reason why Elite had a scandal in the late 1990s that led to the decline of the company.
Because both Elite executives, judges and even ordinary employees regard the model competition as a female hunting ground, Linda Ivan Golinsta's ex-husband showed a thick stack of photos during the secret investigation of BBC and said that he wanted to sleep all the girls on it. This is the background. As a result, a scandal caused Elite to decline rapidly, and the trees fell and the money scattered.
Now that Elite has been taken over by Grace and indirectly becomes a member of the Westeros system, Simon certainly will not allow such a thing to happen again.
Under Grace's strict supervision, compared with previous years, this year's Elite World Elite Model Competition is much more formal.
For example, Linda Ivangolinsta's ex-husband Gairard Mali, the president of the Paris branch of Elite was cleared out last year. Now Elite can be said to be Grace's own power, and it is no longer the casual state of losing her enterprising spirit in the John Casablanca era. The entire company has regained its vitality, and various business processes have gradually become standardized, and the chances of certain things happening are much smaller.
Of course it cannot be eliminated.
In such a circle, no slap can actually be slapped. Some people are hunters, and naturally some people are willing to become prey for their superiority.
To be honest, Simon himself is the hunter standing at the top of the pyramid, so he definitely doesn't like other people looking around in his hunting grounds. This has instead made the Elite system more standardized, because after the Elite reform, the income of all employees, including its models, has increased, and the value of this job has increased significantly.
In this case, especially those executives who have the potential to become hunters, if they lose their job because they covet the goal that the big boss may be interested in, it will be really not worth the loss.
After all, only by keeping warm can you think **.
In any case, the job is more important.
Simon and Grace entered the elevator in the building with several other followers. Looking at the obvious mottled elevator, they asked, "How do you choose here?"
There were other people around him. Grace just leaned against Simon, but she was not too close. She turned her head and looked at the man beside her, with a soft tone: "Because it's cheap, I used to be in Greenwich, later in Soho, and now it's East Village. In a few years, I might have to go to Brooklyn."
Simon said: "Elite shouldn't be short of money, right?"
Elite in the John Casablanca era was very profitable, otherwise it would not have rented a three-story headquarters on Fifth Avenue. Now, after streamlining and opening up new businesses, Elite's revenue increased, expenses decreased, and profits would only be higher. Perhaps in a few years, it would be able to build its own headquarters building like the Caa in Hollywood.
Grace said: "Of course there is no shortage, but I have to be responsible to shareholders. Moreover, I can save some money and give everyone benefits. If you don't need it, you can save as much as you want."'
Simon bent his lips: "I want to come to work for you such a good boss."
Grace just chuckled.
The elevator door opened quickly, which was the seventh floor. Everyone walked out of the elevator, turned left to a door, and entered the door, which was an open room, about seven or eight meters wide and twenty meters long. It was obviously designed as an office space, but it was used as a practice room at this time.
The feeling of the first look at the door.
All are legs.
All are legs.
To be continued...