My Age of Investment

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Xia Jingxing had made so much money, so he would not treat his subordinates badly.

Based on the incentive plan submitted by the human resources administration department, he personally formulated an incentive plan, focusing on rewarding five executives who have made greater contributions to the company, including Liu Hai, Jiang Ping, Yabo, Li Yaozu, and Ye Shuhui.

Among them, Jiang Ping had the best investment performance and deservedly received the highest reward, US$400 million.

Two years ago, Jiang Ping had achieved his goal of annual income of hundreds of millions of dollars and was successfully selected as one of the top 100 traders in the world.

The US$400 million reward is not particularly exaggerated compared to the more than US$40 billion in returns he has earned for the company.

But for purely professional managers, receiving such high rewards is rare even on Wall Street.

At the same time, Jiang Ping was also appointed as the first managing director of Vision Capital, MD, responsible for overseeing all hedge funds of Vision Capital globally.

If he is promoted to one level, he will be the top partner. He will not enjoy the shares of Vision Capital, but will enjoy the dividends of the entire hedge fund department.

Liu Hai and Li Yaozu also performed well. Each created nearly 30 billion US dollars in profits for the company, so they each received a reward of 300 million US dollars. .

Ye Shuhui has relatively junior qualifications, and the Hong Kong office only made a profit of US$8 billion, so she only received US$80 million in rewards.

Although the fund of funds managed by Abel only generated US$500 million in income for the company, and the profit share has not yet been received, it did a good job in raising funds and putting out fires, and therefore received a reward of US$50 million.

The five executives received a total of US$1.13 billion in rewards, and another US$870 million was awarded to four to five hundred employees distributed in various offices around the world, with an average reward of approximately US$2 million per employee.

In fact, it is normal for mid-level and senior executives to receive rewards far beyond this amount, ranging from several million to tens of millions of dollars.

In a sense, the grand prize issued by Envision Capital is comparable to the IPO of a major Internet company, achieving wealth creation for all employees!

In fact, the reward given out is really not that much.

The industry rule is to reward fund managers with 10%-20% of the profits they create for the company.

Envision Capital collected US$26 billion in management fees and profit sharing from external LPs, and the corresponding rewards should be US$2.6 billion to US$5.2 billion.

However, considering that Xia Jingxing has worked hard for the past three years, and his current achievements are inseparable from his various micro-management, it is quite interesting to issue a reward of US$2 billion.

Everyone in the company is generally satisfied.

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"Brother Qiang, how much bonus did you get this time? Is it time for a treat?"

Hou Xiaoqiang had just walked out of Building 40 on Wall Street when he was followed by four or five young Chinese, both male and female, all of whom were recent graduates from mainland China.

Hou Xiaoqiang saw that they were all interns in the same group and they were all from mainland China, so he stopped and started talking to them with a smile.

"Not much reward, just hundreds of thousands, which doesn't even reach the company average."

Although Hou Xiaoqiang behaved very modestly, he still shocked these interns who had just arrived at the company.

Hundreds of thousands, although the currency unit is not mentioned, it is definitely not RMB.

Such a high bonus is still an average one.

What should the average be? How much should executive bonuses be?

A group of people were shocked on the outside and tender on the inside.

A good-looking girl asked in a low voice: "Brother Qiang, I heard from the team next door that their VP received millions of dollars in bonuses. Is this true?"

Hou Xiaoqiang smiled, "I don't know about other groups, but the bonus for our group's VP is eight figures."

Everyone exclaimed again. You must know that the vice president of VP is only the middle management of Vision Capital, but the bonus he received is comparable to that of some working emperors.

Several young people who had just come to Wall Street felt that they had opened a door to a new world, and they quickly pestered Hou Xiaoqiang to continue questioning.

Looking at these young boys and girls, Hou Xiaoqiang seemed to see himself more than a year ago.

At that time, he had just joined Vision Capital and was only a low-level analyst. He was not eligible for bonuses. He could only watch with envy as key employees and junior leaders discussed how much bonuses they had received.

Later, he worked hard and was finally promoted to manager not long ago.

Although he is said to be a manager, he is actually a low-level employee. He cannot manage a team and can only manage interns.

But the changes are still huge, and he now has the opportunity to share the prize money.

He remembers clearly that at that time, senior managers could only receive bonuses of hundreds of thousands of dollars, and vice presidents could only receive bonuses of several million.

This time, employees at his manager level will receive bonuses of hundreds of thousands of dollars.

What does it mean? It means that the bonus issued by the company this time is several times more than last time.

How lucky you are to work at Vision Capital!

Hou Xiaoqiang sighed in his heart. He suddenly thought of his classmates who worked at Goldman Sachs.

Although the brother was more lucky and was not laid off during the financial crisis, he basically didn't have to think about bonuses, and his basic annual salary was only US$50,000 or US$60,000.

The bonus I received was equivalent to nearly ten years of basic salary of my classmates.

Although it is not yet the company's average, it has reached the Wall Street average.

Before the financial crisis, the average annual salary for Wall Street employees was $300,000.

However, the starting salary for students from prestigious universities is only tens of thousands of dollars when they first enter an investment bank. It takes ten years of hard work to reach the average level.

The reason why there is such a huge difference between the median and the average is mainly because the income of the bosses at the top of the pyramid is too high, which inflates the average too much.

This is basically the same as the bonus situation issued by Vision Capital.

Hou Xiaoqiang secretly vowed in his heart that he would be promoted to VP as soon as possible.

Only by becoming a VP can you become the backbone of the company and your income can reach above the company average.

His previous goal was to reach the Wall Street average income level in ten years.

Now he has achieved this goal in more than a year, forcing him to raise his own requirements and establish lofty ideals.

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"Daeron, sit down quickly, I thought you forgot about your old friends after making a lot of money."

As soon as Xia Jingxing arrived at Blankfein's office, he was warmly welcomed and sat down on the sofa next to him.

"How could I forget my old friend, forget my old friend, and I can't forget that I still owe Goldman Sachs a huge sum of money!"

Blankfein quickly waved his hand, "It's a small amount of money. You can pay it back anytime or not."

Xia Jingxing was startled for a moment, then joked: "You want to forgive my debt?"

Blankfein showed a fox-like smile, "Of course you can! Just swap debt for equity!"

Xia Jingxing laughed heartily. The old man in front of him really knew how to do business. He was really eyeing the golden rooster that was laying eggs!

Blankfein smiled and spread his hands, "Don't take it seriously, I'm just joking! We at Goldman Sachs are not big-hearted. We just hope to cooperate more with Vision Capital in the future."

"Of course, we are the most indestructible allies!"

Blankfein smiled and said, "Yes, if our two companies join forces, the global capital market can operate freely."

After the businessmen exchanged compliments, Xia Jingxing got down to business: "I borrowed a loan of US$2.7 billion from you before, and now I have to repay it to you in one lump sum with principal and interest.

We are very grateful to Goldman Sachs for providing us with help. We will continue to trouble you for our financing business in the future. "

Seeing that Xia Jingxing was determined to repay the money, Blankfein made no further attempts to persuade him to stay and renew the loan. He nodded and said "Okay."

Xia Jingxing had previously borrowed two syndicated loans from banks led by Goldman Sachs, sold his S fund shares to repay the loan once, and later borrowed another US$5 billion, and still owed a total of US$5.4 billion.

It's just that this business is still split in half according to the old rules, with Goldman Sachs and Morgan Stanley each having half.

Now that he has money in his hands, he naturally has to repay the loan that pledged his personal equity assets.

He is not so afraid of Goldman Sachs suddenly withdrawing loans now. All its businesses are growing steadily. Even if there is a need for financing in the future, he will choose to raise funds in the name of the company.

Under normal circumstances, he will hardly put himself in danger and spend most of his net worth on loans as he did before.

After talking about repaying the loan, Xia Jingxing suddenly said: "The AIG Asia matter has been going on for so long, isn't it time for an explanation?"

Blankfein scratched his bald forehead, sighed and said, "Dylan, something unexpected happened."

Seeing Xia Jingxing's expression quickly falling, Blankfein immediately added: "But there are no remedial measures. The key is how much price you are willing to pay for it."

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