Indulge in Life in America

Yang Cheng made a gesture, "Don't worry, after listening to me, you will naturally understand.

Now the world’s largest North American, European and Asia-Pacific markets, international airlines generally cooperate and share business development through alliances. For example, Delta Air Lines, as a founding member of the SkyTeam alliance, leads the SkyTeam alliance to carve up the global market, and at the same time, through equity investment Entering other regional and international markets is also the only way for a global top three comprehensive aviation company to break through the bottleneck.

The alliance between large foreign airlines and the alliance between the global airlines of the United States have created a supply oligopoly over the Pacific and Atlantic.

Every global airline has formed partnerships with large foreign airlines that enjoy antitrust immunity: American Airlines has signed agreements with British Airways and Japan Airlines; United Airlines has formed alliances with Lufthansa and All Nippon Airways; Delta and Air France, KLM and Alitalia cooperate.

Going further, Delta and Air France can coordinate flight schedules, share check-in counters, and share turnover, so that the two parties can achieve "alternative mergers" without the pain of merging employees.

And if the two airlines are not full on the routes served at the same time, the airlines can jointly plan to reduce flights. This method of managing passenger flow has greatly improved profit margins. Only Delta Air Lines is in the United States with France, the Netherlands and France. The flights between Italian cities can contribute 12 billion US dollars in turnover to Delta and its partners, and achieve double-digit profit margins.

These alliances have fought on many international routes. However, when two competitors provide services instead of four or five competitors, the pricing power is much greater.

The agreement signed by Delta Air Lines and Virgin Atlantic is the best example, and this partnership has also successfully obtained antitrust immunity.

In order to build a transatlantic franchise, Delta spent US$1.4 billion to refurbish and expand Terminal 4 of New York’s Kennedy Airport. Before 2008, Delta Air Lines was on the world’s busiest business travel route-Kennedy Airport to London Heathrow Airport is also a relatively low-ranking company; in 2009, Virgin Atlantic, British Airways, American Airlines and Delta Air Lines were all competing for this business; in 2010, British Airways and American Airlines merged Business, occupy a monopoly position in the route market.

However, after refurbishing the terminal, Delta more than doubled the number of flights between Heathrow and JFK Airport, from 3 to 7 flights per day, and Delta's market share even more than doubled overnight. Once again, reaching 37%, American Airlines and British Airways, as well as Delta and Virgin Atlantic, control 90% of the route.

Since 2011, Delta Air Lines has planned to make a series of equity investments to expand its international business, with a total investment of more than 1 billion U.S. dollars, such as the cooperation that has reached an agreement-Delta Air Lines has invested in the small Japan Skymark Airways, which has obtained 20% equity requirements. Small Japanese authorities require that the shares be less than 20% but have not been announced yet. "

Back on the sofa, Yang Cheng stretched out his hands and looked at the two tycoons with a smile, "Now, do you understand the timing I said?"

Conrad showed the same sly smile, "Hehe~ Investment means spending money, spending money means reducing the amount of activity funds, and the absence of liquidity means that Delta Air Lines has lost the bargaining chip and the ability to protect itself. Don't talk about jason, you are cunning like a fox."

Yang Cheng put aside his smile and said tauntingly, "Is it? A cunning fox is better than a hyena that grabs food from others."

Cheeky is a required course for big people. Obviously, for this subject, both Konrad Koch and Abu got full marks, as if Yang Cheng's irony was not aimed at them.

However, it may be to make future cooperation smoother and not want to create a barrier. Conrad took the initiative to explain, "Jason, in fact, we have no intention of competing with Yuanshan for the position of Delta’s largest shareholder, we just want to be better. To protect their own interests, and to be able to act as a powerful assistant to Toyama on the board of directors."

Yang Cheng didn’t take this set at all. Using Conrad’s rhetoric, he backhanded, “So good, for the success of our cooperation, I hope that your joint shareholding will not exceed 3%. When the board of directors is reorganized, I I will offer you an observer seat. You can sit on the board of directors and the planning and development committee meetings, but you do not have the right to vote. This is the best of both worlds. You can ensure that Yuanshan will not slay the donkey.

Abu snorted dissatisfiedly, "3%? How about sending bidders? Not enough, at least 7%"

Yang Cheng gestured helplessly to Conrad, "You see? My suspicion is correct. Your goal is not just to protect your own interests."

"Roman, don't worry~" Conrad also winked at Abu speechlessly.

Turning his head and asking Yang Cheng, "Jason, 3% is too little anyway."

Yang Cheng sneered, "Do you know that 7% was already the largest shareholder of Delta Air Lines before?"

He drank all the wine in the glass and said coldly, "Don't talk about the mountains, even the Pioneer Group will not tolerate you exceeding their shareholding."

Maybe I still feel that it is not enjoyable enough. I added another sentence and sneered, "Of course, if you can convince the Pioneer Group to let it go, 7% is not a problem."

Now even Conrad's face is not so good, not because of Yang Cheng's words, but because of the shadows on the sky and the helplessness of his life making him unable to laugh.

Outsiders don't know, they, who were born and raised in the United States, don't know the dominance and deterrence of the four major gangsters in the United States?

The four gangsters headed by Pioneer, Pioneer, Fidelity, State Street, and Blackstone, control 99.9% of large American companies through cross-shareholding, and then through these cross-groups, their influence can penetrate the world.

This is not a conspiracy theory. As the polar bear, America’s biggest rival during the Cold War, in order to find the loopholes in America’s own existence, he conducted a survey of American companies. Among them, the big gangster pioneers are the most shocking because the other three so-called ' Partners' and'competitors' are actually controlled by Pioneer and its subsidiaries.

For example, the leading companies in various industries and fields, as well as those well-known large groups, take a moment to check their top ten shareholders, and there are four major gangsters: Alcoa Industry, Altria Group, American International Group, AT&T, Boeing, Coca-Cola Company, DuPont, Exson Mobil, GM, HP, Home Depot, Intel, IBM, Johnson & Johnson, McDonald's, Microsoft, Pfizer, Procter & Gamble, Walmart, Times Warner, Walt Disney, Viacom, News Corporation, Columbia, Comcast, etc.

Another example is a bank. Everyone knows that no matter how rich a company is, no bank has money, and who controls those financial banks with trillions of assets? The answer is obvious, or the four gangsters, especially the pioneers!

*——With total assets of US$2.39 trillion, its largest institutional investor is Vanguard. Among the top ten investors are Vanguard Global Stock Market Index Fund, Vanguard Institutional Index Fund and Vanguard 500 Index Fund.

Bank of America-with assets of US$2.17 trillion, its largest institutional investor is still Pioneer. Among the top ten shareholders are the Pioneer Overall Stock Market Index Fund, Pioneer Institutional Index Fund, and Pioneer 500 Index Fund.

The well-known Citigroup-ranked third with US$1.88 trillion in assets, the largest investor, yes, no surprises, no surprises, he is still the pioneer of him, but among the top ten shareholders, there are a few more New faces, in addition to the Vanguard Global Stock Market Index Fund, Vanguard Institutional Index Fund, and Vanguard 500 Index Fund, there is also the Wellington Fund. The relationship between this institution and Vanguard has been introduced earlier, so I won't repeat it.

In the end, Warren Buffett’s favorite Wells Fargo Bank-total assets of US$1.44 trillion, deposits and savings of US$1.01 trillion, is somewhat unexpected this time, because its largest institutional investor is no longer a pioneer. Ranked second, but the top ten shareholders are still not out of the control of the big four gangsters, Vanguard Global Stock Market Index Fund, Fidelity Hedge Fund, Vanguard Institutional Index Fund, Vanguard 500 Index Fund~www.wuxiaspot.com~ and Wellington Fund.

So the question is, what background does Pioneer have? In other words, who controls Pioneer? Haha~ For the sake of this book's life, I don’t know what to say. You can use your imagination as much as you can to count the ancient behemoths and the legendary consortiums that often appear in the novel. You can basically guess it. Do not leave ten, oh, don’t forget there is also the American Z~F.

Saying so much and talking so far is not to prove how rogue the pioneers are, but to emphasize one thing. The United States is not as liberal and democratic as it seems on the surface. In fact, it is just a country that has developed an oligarchic economy to the extreme. The words to understand are to return to the basics. When martial arts have reached a certain level, there is no way to win. The whole person looks round and natural, no different from ordinary people.

Just like these big hooligans, they hide their property in the folk without limit. On the surface, these monsters no longer exist, but in fact, they are influencing and even controlling people's lives and future bit by bit.

The Yang family’s victory as the largest shareholder of Delta Air Lines this time does not really matter to Pioneer, because no matter who is the largest shareholder, as long as they ensure that their interests are not harmed, they are the same. I don’t know how to deal with you boringly. After all, Delta’s assets are just a drop in the ocean to the tens of trillions of dollars in their assets, but if you want to kick them out of the game, it would be foolish.

Conrad Koch would not understand this? wrong! Don’t think too clearly, why didn’t Koch Industries go public? The most obvious reason is the stupid way to avoid the erosion of their family assets by traditional forces.