Rebirth of the Strongest Tycoon

Chapter 910 Wells Fargo Bank gets its hands on the layout of Taiwan Province

"BOSS, I have completed the task you explained. This is all the materials of Wells Fargo."

"All the shares have been acquired, costing a total of 1.383 billion US dollars."

In the office of the chairman of Polaris Capital Corporation, Peter Lynch solemnly pushed a stack of documents in front of Xia Yu and said.

"Good job!"

Xia Yu complimented with a smile, then picked up the material and looked at it carefully, with a lot of emotion in his heart.

In the previous life, the fourth largest bank in the United States, and Wells Fargo, which was the largest bank in the world before the scandal broke, was acquired by him in this way.

The price is only less than 1.4 billion US dollars!

Although growing him in the future requires continuous mergers and acquisitions like a greedy snake, it also requires a lot of money, but no matter how much money is spent, it absolutely does not need hundreds of billions of dollars in market value in future generations.

After a little emotion, Xia Yu concentrated and immersed himself in the information.

There are many equity transaction contracts, from many shareholders, the largest one is with the California consortium, and the single-share purchase price is the highest.

A total of 43% of the equity, costing 630 million US dollars.

As for the stakes of other minority shareholders, the purchase price is relatively low.

Xia Yu doesn't care if it's more or less, it's nothing more than a difference of hundreds of millions of dollars. It's the same for him now with abundant funds. As long as he buys Wells Fargo, he will make a lot of money!

As for equity, Peter Lynch did offshore processing when he acquired it. At present, Wells Fargo is a subsidiary of Polaris Capital with a 51% holding, and the remaining 49% of the equity, all Scattered into other offshore shell companies.

Fifty-one percent is enough to swear an oath of sovereignty.

After putting down the materials, Xia Yu asked Peter Lynch, "Peter, has the takeover of Wells Fargo Bank been completed now? What's the situation at the bank now?"

Peter Lynch said: "BOSS, now I have taken over Wells Fargo, but because the company has changed hands and the president of the bank is about to leave, there are currently some concerns within Wells Fargo.

"

"So it's time to find a suitable president for Wells Fargo as soon as possible, and I recommend promoting capable executives from within the bank."

Xia Yu nodded slightly and asked, "You know more about Wells Fargo's personnel, do you have a suitable candidate?"

Peter Lynch was very prudent and prepared for this time, so he immediately said: "There are several senior executives in Wells Fargo who are direct members of the California consortium, but many are internally trained talents and professional managers. ."

"One of them is a good fit, and that is the current vice president and chief financial officer, Yarman Simmons, who has been working for Wells Fargo since graduating from college, and has been working for 31 years, step by step from the bottom. where it is now.”

"I have brought his information."

After speaking, Peter Lynch opened the briefcase again and took out a relatively thin document and presented it to Xia Yu.

Xia Yu took a closer look after taking it.

Ten minutes later, Xia Yu read through the information on Yarman Simmons, and affirmed Peter Lynch's recommendation in his heart.

This Arman Simmons is indeed an elite talent, and is also one of the pillars of Wells Fargo. Thirty-one years of work experience makes him the person who knows the situation of Wells Fargo best, and his personality is also strong. It's a good fit to take over as president of Wells Fargo.

"Where is he now?"

Xia Yu put down the materials and asked Peter Lynch.

The latter immediately replied: "It's at the headquarters in San Francisco now. Because of the change of ownership of the company, none of Wells Fargo's executives are currently on business trips."

Xia Yu nodded and said, "If that's the case, don't waste your time. You go to make arrangements immediately. I'll go with you this afternoon to complete the personnel transfer."

"OK!"

After speaking, Peter Lynch exited the office.

At 2:30 in the afternoon, Wells Fargo Bank held an all-staff meeting. Xia Yu sat in the middle of the rostrum, Peter Lynch was the host, and all the executives at the headquarters attended the meeting.

At the meeting, Peter Lynch first thanked the current president Mitch Sardin for his efforts, and then read out the decision of the parent company and the board of directors of Wells Fargo to dismiss Mickey Sardin as president, and vice president Yarman Simmons took over as president a post.

As Xia Yu expected, Yarman Simmons received warm applause after taking office.

It was not until 4:20 p.m. that the general staff meeting officially ended. Xia Yu clearly felt that the atmosphere of the bank was less solemn and more relaxed.

After the staff meeting, Yarman Simmons came to the chairman's office and met Xia Yu and Peter Lynch.

After making a few jokes to relax Yarman Simmons, Xia Yu started talking about business.

"Yarman, although you just took office, you have worked at Wells Fargo for 31 years after all. I hope you can take over all the work of Mitch Sardin as soon as possible and ensure the normal operation of the company."

Yarman Simmons nodded immediately and resolutely assured: "BOSS, I will strive to complete the handover within a week, and there will be no problems for the company."

Xia Yu nodded slightly and continued: "After the handover is completed, there are still some things you must do as soon as possible. The first one is personnel. You should know that some of the executives are sent by the California consortium, and some are acquisitions. When the accounting firm finds out but has not announced the company's assholes, these people must be resolutely cleaned up, the list will be given to you by Peter Lynch, and you will check whether there are any errors or omissions."

"For the positions of these people, you have to find suitable candidates to succeed them. It is best to promote them within the bank. If you can't find a suitable candidate, report to Peter Lynch in advance, and he will contact the headhunting company for recruitment."

Yarman Simmons felt tremendous pressure, but he also felt the firm attitude of his boss, Xia Yu. It is convenient to express his position, the only thing he can do is to execute the orders of the new boss perfectly.

So he nodded solemnly and said, "Boss, I will make all the preparations, please rest assured!"

Xia Yu continued: "The above is the arrangement of personnel, and then I will talk about Fang's development direction for Wells Fargo."

"Wells Fargo's original development and investment philosophy and model are very good and do not need to be changed, but it is still small in terms of volume. Currently, it is only a regional bank in the west."

"Polaris Capital needs a big bank covering the United States, so the keynote for the next few years is expansion."

"The parent company will inject a billion dollars into Wells Fargo for mergers and acquisitions. You need to find suitable small and medium-sized banks as acquisition targets."

"At present, with the inflation in the United States, elites from all walks of life have been affected, and the banking industry has been greatly affected. Now many banks are not having a good time. In the next few years, a large number of banks will definitely fail, even if they do not fail. Banks will also struggle.”

"This is the best opportunity for a contrarian expansion."

"As long as you can fully control it, you can continue to acquire and merge, even if you are acquiring a large bank, you don't need to think about capital!"

Hearing such domineering words, Yarman Simmons was pleasantly surprised and said quickly: "BOSS, I will formulate a secret expansion plan as soon as possible."

"Um!"

"In addition, there are many companies under Polaris Capital, and these companies will be Wells Fargo's customers. You should communicate with President Peter Lynch more, and you can discuss and decide on your own."

"Peter, you need to work harder then."

"I will arrange for a billion dollars to be injected into Northstar Capital in a few days, and then you will transfer it to Wells Fargo."

"Okay, that's my job."

Peter Lynch responded and smiled at Yarman Simmons.

After making arrangements for Wells Fargo, Xia Yu had almost finished get off work, and Xia Yu simply went home.

The next day, Xia Yu saw a piece of news.

The Taiwanese authorities announced the construction of Taiwan's first science and technology park in Hsinchu County, with a planned area of ​​up to 21 square kilometers.

As soon as the Hsinchu Science Park was established, the Taiwanese authorities announced a series of preferential policies to encourage Taiwanese and overseas capital to set up enterprises in the park.

After thinking about it for a long time, Xia Yu came to Polaris Capital again to find the busy Peter Lynch, and told him to select suitable personnel to go to Hsinchu Science Park in Taiwan Province to establish the Taiwan Branch of Polaris Capital.

The main task of the branch is to invest in high-quality and potential enterprises in Taiwan Province and the future Hsinchu Science Park, and then complete capital penetration into Taiwan Province.

Xia Yu knows that although Taiwan Province is small, there are still many good things in this future leader of the four little dragons. There are nine Fortune 500 companies in the future, which are definitely worth investing in or controlling.

However, Xia Yu also knows that the Hsinchu Science Park has just been established, and there can be no high-quality companies. Polaris Capital should be the first large multinational company to settle in, and it will definitely be highly valued by the Taiwanese authorities.

In order to prevent the branch from being unable to find the direction, Xia Yu also gave some pointers to Peter Lynch, and asked him to arrange for someone to invest in a company called "Hon Hai" first.

This company, Xia Yu, has long known that it was established in 1974 and is the parent company of the famous Foxconn in later generations. However, because of the complicated situation in Taiwan Province, Xia Yu did not find an opportunity to invest, nor did he contact Boss Guo.

But it's different now, and it's definitely more appropriate for Polaris Capital to go.

Even if the Taiwanese authorities knew about the relationship between Xia Yu and Polaris Capital, they would not dare to act. After all, Polaris Capital is also a large company in the United States.

If there is really something that doesn't have long eyes to use Xia Yu's pretext to find the trouble of Polaris Capital, there is no need for Xia Yu to come forward, Peter Lynch will naturally ask the US government to come forward to put pressure on it, and the effect is absolutely the best.

Although it has the meaning of pulling the skin of the American tiger, there is no way to do it. Who made the situation in Taiwan special? During this time period, except for the huge effect of pulling the skin of the United States, other methods are not safe.

At that time, no matter how uncomfortable the Taiwan provincial authorities or some people inside, they will have to squeeze their noses and squeeze out a smile to serve Polaris Capital.

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