Chapter 634 Showdown
The North American Global Investment Foundation's entry time in Southeast Asia is not early, and it is not the biggest one. It did not choose Soha. Collison is still somewhat conservative because of Song Yang.
Marcus and Collison also reported to Song Yang about how much they earned this time, but that was reported in the satellite phone and email. The specific ones were definitely not as good as Marcus said in person.
Marcus knew that Song Yang would definitely ask, and took out a document from the briefcase he carried with him and placed it in front of Song Yang.
"This time, the North American Global Investment Foundation has earned more revenue in Southeast Asia than..." Marcus made a gesture of numerical six to Song Yang.
"But investments, acquisitions, and fees paid to federal taxes in Southeast Asia, reimbursement to the Bank of Cormerica and other banks, dividends distributed to Corrison's team, etc. Now the North American Global Investment Foundation's profit in Southeast Asia is expected to be around US$3.9 billion!"
Although it is a no-cost transaction in Southeast Asia, it actually has costs. The US dollars borrowed from Komelica Bank alone exceeded US dollars.
The money you earned was spent a lot of money, and with the messy expenses, I spent nearly 2 billion US dollars to acquire and invest in those companies in Southeast Asia, and the remaining ones could still be worth nearly 4 billion US dollars, which is already a big profit!
You know, how long it will take? This is cash flow. In less than three months, it can earn more than twice as much in just over two months. Even if you grab the Federal Bank, you will probably have to grab it for thousands of times to earn so much.
Song Yang nodded and smiled at Marcus, "Marcus, you can take a vacation and relax. In a few months, there will be times when you need to be busy!"
Marcus's heart moved. He didn't know what Song Yang was referring to, but he vaguely felt it was related to icq. He knew that Song Yang was planning to make a big deal around icq.
"Song," when he was about to get up, Marcus hesitated and looked at Song Yang, "I think that the North American Global Investment Foundation needs to prepare enough spare funds to all industries under the North American Global Investment Foundation. In special circumstances, it will maintain funds for two to three months, otherwise it may be like a Southeast Asian company..."
Marcus is also knowledgeable. He has also seen countless companies falling down in America, but the scene of buildings falling in the entire area like Bangzi, Siam, etc., and countless people were displaced and ran to live on the streets. Marcus was still affected.
Marcus didn't know if Song Yang would listen to his tricks. For example, Song Yang, Silicon Valley, and Wall Street were all baptized by new ideas. Many of them looked down on Marcus's old-fashioned concept of cash flow, because according to this concept, the Internet should not appear at all!
Not to mention that now is Song Yang’s most proud and making a fortune in Southeast Asia. It’s a bit disappointing to mention this…
But Marcus still asked Song Yang. He didn't want to watch one day, the American Telecom, Alcatel Mobile, IQ, etc., which are under the North American Global Investment Foundation, suddenly collapsed like giants such as Daewoo, Han Bao, and Zhenlu.
Originally, Marcus just said that, and did not expect Song Yang to listen, but to Marcus's expectations, Song Yang seemed to agree very much after hearing his words.
Song Yang looked at Marcus. Marcus was very serious and focused. He placed new technology companies like Yahoo and AOL. They probably wouldn't be so popular. These companies wanted to make a fortune and spend it as a 10-meter-old one. They wouldn't want to save some money for emergency response. Now is the best time for the Internet. All the people are rushing to give money, and there is no need to consider the shortage of money at all.
"It is necessary to establish reserve funds. I asked Paypal to pay over there and have begun to establish reserve funds!"
Hearing this, Marcus was obviously surprised. He didn't expect that Song Yang had already started to do it.
"Marcus, after you come back from vacation, you will establish a cash reserve department at the North American Global Investment Foundation. All companies under the North American Investment Foundation need to make 5% profits every quarter and deposit them into the reserve department. In the future, this department will supply its departments under special circumstances, at least for more than one year!" Song Yang said directly to Marcus.
After experiencing the Internet bubble, he experienced the subprime mortgage crisis and other beatings. Internet and technology companies have also begun to start fighting and are not panic when they have food in their hands. Lao Ba doesn’t need to mention it. He always likes to deposit cash. His Berkshire account has hundreds of billions of dollars in cash all year round. During his special period, he even holds more than 150 billion dollars in cash.
Apple in later generations was also not to be outdone, with more than 100 billion US dollars lying on its account, and Microsoft's small treasury was basically the same. Otherwise, how could it take so much cash to acquire Blizzard? Of course, Microsoft now wants to acquire Blizzard from Xueleshan in a few years and prevent Microsoft from emptiing its cash flow. Song Yang feels sorry for Bill Gates.
Song Yang is definitely not comparable to the small treasurys in later generations that often store hundreds of billions of dollars in cash. However, it is still fine to be able to provide American Telecom, Alcatel mobile phones, ICQ and other cash for more than a year.
Now Song Yang also needs to prepare for the Internet bubble a year or two. At that time, Silicon Valley's situation was really not much different from the current ones. The companies that used to rush to give money to Internet companies were cutting off their resources. It would be fine if they didn't invest money, but they had to take back the invested ones.
Borrowing umbrellas on sunny days and collecting umbrellas on rainy days is the most common method on Wall Street. It is definitely not much better for stick subsidiaries and Internet companies. Maybe they will take advantage of the situation. Anyway, shorting sticks is the difference between shorting the Nasdaq and shorting the Nasdaq. As long as they can make money, they will not bother to care about who is dead!
Marcus took a deep look. He didn't know if Song Yang was, but he heard some rumors, just like shorting Southeast Asia this time.
However, even if Marcus thought that the Internet industry might face turmoil in the future, he would think that at most several companies would be unlucky. He would never have thought that the entire Silicon Valley Internet companies would face the destruction of the group.
"I will form a cash reserve department for the North American Global Investment Foundation as soon as possible!" Marcus said as he stood up.
Austin, the headquarters of Comerica Bank, early in the morning, Chris Jain came to Kerimaia's office.
"Bruno Song has already paid back $2.7 billion in loans?"
When he heard the news, Jia En rushed over immediately. The news had spread throughout the management of Komelica Bank.
The 2.7 billion US dollars, with a total of more than one cent, was paid back, which was a few years earlier than the agreement. At this time, the North American Global Investment Foundation did not mention investing in Pa semiconductors, developing new mobile phones, and laying new fibers.
I just shouted out directly, showdown, I won’t pretend anymore, the money is used to cut leeks in Southeast Asia, and it has been cut now!
After looking at Jaen, Kerimaia smiled, "It seems that our old friend has really made a lot of money in Southeast Asia!"
Jiaen was still in shock. Ken Griffin had made the Brooklyn Herald report on the news that Song Yang had cut leeks in Southeast Asia, which caused a lot of shock at that time, but Song Yang was silent on this. In addition, the disaster caused the fire to Ken Griffin, and no one paid attention to Song Yang anymore.
But now, Song Yang suddenly asked the North American Global Investment Foundation to repay all the debts of Komelica Bank. He obviously made a big profit and he just stopped pretending.
"How much did he earn?"
Chris Jain couldn't help asking, and Kerimay could hear the envy in Jain's eyes, shook his head and said, "I don't know. I'm afraid only the Federal Taxation Bureau and Bruno Song themselves know about this."
Chris Jiaen was silent for a while. Since he met Song Yang, Song Yang's value has skyrocketed almost every once in a while. Thinking back to the beginning, Song Yang came to him to ask Jiaen for help in order to set up a telecommunications route in America. Now, Song Yang's paypal has begun to acquire banks!
"Jain, Komelica Bank needs to cooperate with Bruno Song. Song's business may be more important in the future!"
Kerimaya, who was preparing to attend the board of directors and reported to the director of Komelica Bank, explained to him when she passed by Jaen.
The recovery of US$2.7 billion in principal and interest was another contribution to Kerimia's risk control department, proving his vision and ability. Kerimia got another point from the board of directors and investors. When the points were enough, he might be able to sit on the throne of the president of Kerimia Bank.
Before that, Kailimaya needed Jiaen to maintain her relationship with Song Yang. Since she cooperated with Song Yang, Kailimaya has earned a lot of points.
Looking at Kailimaia's figure, Chris Jain breathed a sigh of relief. Kailimaia wanted to get enough points from Song Yang, but he was not the same, but compared to Kailimaia, Jiaen's retreat was more.
Jia En felt that, given his friendship and relationship with Song Yang, if he left Komeriga Bank one day, he might be able to switch to Paypal. Then he would not be the vice president and join the board of directors?
As long as you can get rid of your face, Jia En feels that you can get these in Song Yang.
Now that Song Yang has Paypal Bank, the relationship with Komelica Bank is somewhat subtle, so it is not like he goes apart, but it is certainly impossible to hand over all the business involving Komelica Bank as before.
Jia En knew that with Song Yang's personality, he must not be able to flow from outsiders' fields, and he gave meat to paypal bank first. How else would he not say, Jia En's status in Komelica Bank will be somewhat affected.
Chapter completed!