The next morning, Chen Dongcheng enjoyed breakfast at the hotel.
The butler bowed slightly and stood aside, looking curiously at an elite man in a suit and leather shoes with neatly combed hair.
"Hello, my name is Li Changming, one of the current MDs of Goldman Sachs. I am honored to be favored by you..."
Li Changming fits the elite image that most people have.
Even though he arrived in Kuala Lumpur after a long journey, there was no trace of fatigue on his body.
Like a machine, always full of energy.
"It's difficult to get promoted at Goldman Sachs. If you can reach the position of managing director, it's already pretty good."
Chen Dongcheng smiled and praised.
Li Changqing shook his head modestly and said: "There are many people who are better than me in the company. I was promoted based on my qualifications and it doesn't count."
"Tell me about your expected salary."
Li Changqing didn't expect the progress to be so fast, and thought he would have to chat for a while longer.
They are used to flattering their clients, and even chatting for hours is normal.
"Mr. Chen, I work as an MD at Goldman Sachs, and my basic annual salary is not high, $320,000 a year.
But our bonuses are very high. For example, my annual bonus is US$350,000.
There are also some other benefits, such as a few hundred dollars in meal subsidies, first-class travel, etc.”
After Li Changqing talked about his treatment at Goldman Sachs, he was a little curious about what kind of treatment Chen Dongcheng planned to offer him since he wanted to poach him.
"I am completely satisfied with what you said. There shouldn't be any room for promotion at Goldman Sachs, right?"
Li Changqing smiled bitterly when he heard this and said: "You are joking, a partner is beyond my reach.
There is a very famous saying about Goldman Sachs’ partnership system. I wonder if you have heard of it.
Becoming a partner at Goldman Sachs is as glorious as a knight receiving a knighthood from King Arthur.
It's just that here, the knight's battlefield is replaced by the global capital market, and "honor" becomes real "money"."
Chen Dongcheng smiled noncommittally: "It's the same all over the world. We all understand that money can make people go around."
"I am also Chinese, and it is quite difficult to develop at Goldman Sachs. If I have the opportunity to return to China more often, I will definitely be willing to do so."
At this point, Li Changqing's meaning was already obvious.
As long as Chen Dongcheng's salary is better than that of Goldman Sachs, he is willing to change jobs.
Chen Dongcheng thought for a while and said, "If you leave Goldman Sachs, I need you to pull a few people out. Is that okay?"
"Do you have any plans to set up an independent investment department?"
Li Changqing asked with some confusion.
"You don't have to worry about this. I need you to help me dig two more MDs. The three of you are responsible for the investment and management of the assets under my name."
Chen Dongcheng paused and asked, "Do you know anything about due diligence?"
"Of course, this is a capability we must master."
Li Changqing nodded first, and then asked hesitantly: "Mr. Chen, may I take the liberty of asking how much assets you need to manage?"
"Currently, it's about one billion U.S. dollars."
Chen Dongcheng did not hide it from Li Changqing. Now Chen Dongcheng holds shares in several companies, as well as real estate, etc.
It is quite easy to have assets exceeding one billion US dollars.
Li Changqing was stunned for a moment, and his breathing became a little rapid.
One billion US dollars in assets is definitely a very high number.
Even in the domestic Forbes rich list released in 2014, Chen Dongcheng's current assets are still ranked in the top two hundred.
Li Changqing's tone became more respectful: "Since you have so many assets, you really need three excellent MDs to manage them.
Several of my colleagues also plan to leave, and I will send their information to you later."
Wealth is a person's greatest confidence.
At this time, Li Changqing looked at Chen Dongcheng again and felt that he was completely different from when they first met.
An indescribable momentum vaguely formed on Chen Dongcheng.
This momentum is very familiar to Li Changqing.
Usually it only appears on those big clients who need them to kneel and lick.
Once he gets such a client, the income will be enough for him to find two hot models to have fun with.
Chen Dongcheng nodded and continued: "In terms of annual salary, I will offer you 400,000 US dollars, and the bonus will not be lower than the annual salary.
Other transportation expenses, hotel subsidies, and meal subsidies are at the same level as Goldman Sachs.”
Since you are poaching people, you will definitely not be able to get them if you don't give them good treatment. This treatment is definitely sincere enough.
For elites like Li Changqing who are neither above nor below Goldman Sachs, it is very attractive.
Compared with Goldman Sachs, Chen Dongcheng's promised salary is at least US$130,000 higher.
In a capitalized world, money is everything.
What's more, elites like Li Changqing deal with money all day long.
"I have no doubts. I can resign at any time and will report to you as soon as possible."
Li Changqing quickly changed his identity and replied in a respectful tone.
"Jingyu."
Chen Dongcheng looked at Xie Jingyu, and Xie Jingyu understood what Chen Dongcheng meant.
Taking out a standard contract, Li Changqing glanced at the contract.
To him, such a contract is simply child's play.
Only one part of the contract surprised Li Changqing.
"Boss, regarding the signing bonus..."
"The number of years you fill in will determine your loyalty bonus."
Chen Dongcheng smiled calmly, as if the numbers on it were not worth mentioning.
But for Li Changqing, it was enough to make his heart beat loudly and he swallowed hard.
The contract is clearly written, and the promised length of employment is at least one year and at most ten years.
If you commit to working for one year, you can receive a loyalty reward of US$100,000.
Commitment for ten years is one million US dollars!
If there is a breach of contract, compensation will be tripled.
Li Changqing suddenly fell into a dilemma, and the expression on his face changed for a while.
Reason told Li Changqing that signing a long-term contract would undoubtedly be a very big constraint for him.
In the next ten years, he will have to work hard for Chen Dongcheng without complaint.
But think about it, he is now forty years old.
Even if he doesn't sign a long-term contract, other places will offer him a higher salary than Chen Dongcheng?
Li Changqing will not deceive himself or others, there is absolutely no possibility.
Compared with those young people who can risk their lives and still have potential, his potential is gone.
Otherwise, why is he not among the partners promoted by Goldman Sachs every year?
As long as you write for ten years, you can receive a loyalty reward of one million US dollars.
Li Changqing glanced at Chen Dongcheng and felt that this boss was simply a devil.
Even if Li Changqing is an elite in the investment community, he cannot resist this kind of temptation.
"Mr. Chen, I am willing to sign for ten years."
Li Changqing no longer hesitated and happily filled in ten years for the contract period, then signed and fingerprinted.
The contract was made in two copies, and Xie Jingyu left one copy with him.
"Smart decision, you won't regret it."
Chen Dongcheng pointed at Xie Jingyu and said: "Give Jingyu your card number later. He is my secretary and will issue tasks directly to you in the future."
"Thank you secretary, please take care of me in the future."
Li Changqing did not dare to look down on Xie Jingyu. In his opinion, those who could serve as secretaries were the boss's confidants and could not afford to offend him.
"You're welcome."
Xie Jingyu replied with a smile, without the slightest hint of being arrogant.
Li Changqing nodded secretly, seeing this secretary was amazing.
This kind of secretary is an elite person everywhere, and the salary will not be less.
Xie Jingyu will handle how the headhunting company charges.
Li Changqing has done it, and someone will be responsible for following up on the investment business in the future.
For example, if Chen Dongcheng is optimistic about any project, he directly assigns Li Changqing to be responsible for investigation and contact. He only needs to be responsible for the final decision and signature.
It is not advisable to do everything yourself. Making good use of knowledge and talents is the successful philosophy of a boss.
Li Changqing was still in a daze when he saw one million US dollars being transferred into his account.
After working hard in the United States for many years, Li Changqing has been considered frugal enough and has not saved much.
This one million US dollars was definitely a huge amount of money for Li Changqing, and he couldn't help but smile.
With Li Changqing, a senior MD at Goldman Sachs, Chen Dongcheng has a better understanding of these investment banks.
Among foreign investment banking MDs, it is common for those with an annual income of US$600,000 to US$700,000.
If you want to earn millions of dollars a year, it is possible only for those who are partners.
Because when they reach the partner level, they receive not only simple bonuses, but also income from investment bank stocks and other aspects.
To climb to that level is as difficult as climbing to the sky.
Goldman Sachs has tens of thousands of employees and only a handful of partners.
The most important thing is that there are tens of thousands of employees, all of whom are elites far beyond ordinary people, so this is even more difficult.
Li Changqing's efficiency was very fast. The next day, two more MDs from Goldman Sachs were killed by Chen Dongcheng using the same method.
Unlike Li Changqing, the other two are more cautious in the annual salary column of the contract.
They are only thirty-five or thirty-six years old, and they are promoted relatively smoothly, but there is no hope of promotion.
After a brief communication between the two, they both only filled in for five years.
In fact, five years is not a short period of time for them.
In addition to working at Goldman Sachs for thirteen or four years, it was to improve my resume.
It is very rare for any employee to stay with a company for five years.
The recruitment of three investment elites has enriched Chen Dongcheng's think tank.
Li Changqing began to help contact reliable lawyers.
A think tank cannot function without lawyers, and two must be recruited at the same time.
One is good at litigation and litigation, and the other is good at investment, mergers and acquisitions and other businesses.
The reason why there is such a huge gap in the income of lawyers is that personal level is a very important factor.
A due diligence report, some low-level lawyers may only write 9 pages.
There is no detailed legal analysis in it, just a simple statement of facts.
With the same content, top lawyers may issue hundreds of pages of due diligence reports.
Including other gaps, Chen Dongcheng also heard Luo Yunqi talk about some.
The 80/20 rule is also followed in the legal profession.
Top partners earn salaries that lower-level lawyers can never hope to obtain.
This is similar to investment banks such as Goldman Sachs, where partners are always the best of the best.
The interview with the lawyer went more smoothly, and Chen Dongcheng has not yet reached the level of poaching law firm partners.
Find a senior lawyer in the industry and the annual salary will be $300,000.
This annual salary is also a very considerable income in the United States.
A lawyer's annual salary is not only the annual salary, but also other bonuses, transportation expenses, and meal allowances. These are the bulk of the salary.
The lawyer finally selected is Deng Jiawen, who has been working in the United States for many years, but has never been married.
Deng Jiawen is handsome and his family background is not bad.
Families that can afford to study as lawyers in the United States cannot be said to be rich.
At least an annual income of 500,000 to 600,000 yuan is still available.
The cost of becoming a lawyer in the United States is very high.
Expensive tuition fees have killed many people’s dream of becoming a lawyer.
Of course, lawyers' incomes are also very high.
A rookie lawyer in the United States can earn a salary of hundreds of thousands of dollars.
What's more, an experienced senior lawyer like Deng Jiawen.
Including bonuses and other rewards, the annual income is still 600,000 to 700,000 US dollars.
Deng Jiawen is good at litigation, and another lawyer, Roger Hui, is good at investment, mergers and acquisitions and other businesses.
The treatment offered to him by Chen Dongcheng was similar to that of Deng Jiawen.
These five people can be regarded as enriching Chen Dongcheng's think tank, which also means that Chen Dongcheng spends more money.
Apart from anything else, just raising this think tank costs at least five million US dollars a year.
For completing some difficult tasks, you have to give them some rewards.
Five million US dollars is a relatively conservative forecast.
…
grab headquarters.
Cai Bingyao looked at the figures around Chen Dongcheng with some confusion.
These few people are different from those previously hired to be responsible for due diligence. Their true elite temperament is particularly obvious.
Cai Bingyao, who also studied in the United States, could tell almost at a glance that they were from a good background.
Sure enough, after a brief self-introduction, Cai Bingyao couldn't help but look sideways at Chen Dongcheng.
All are senior MDs from Goldman Sachs and lawyers from top law firms in the United States.
This man must have spent a lot of money to recruit these talents.
The signing bonuses given by Chen Dongchengguang to Li Changqing and the other five reached three million US dollars.
If you want your horse to run, you must feed it enough grass.
Li Changqing and the others reviewed the due diligence report again.
Immediately raise questions regarding some deficiencies.
The original due diligence team was a little confused, but they still cooperated with the explanation.
After all, Chen Dongcheng is Party A, and they can earn rewards only if they serve well.
Chen Dongcheng was responsible for drinking tea with Cai Bingyao and chatting about the recent taxi app market.
Especially when it comes to the merger of Didi and Kuai, creating a monopoly in the country, Cai Bingyao is extremely envious.
"Mr. Chen, if there is further financing, I plan to contact Didi and the others.
I think they would be very interested in supporting a Southeast Asian ally."
Cai Bingyao glanced at Li Changqing and others who were communicating with the due diligence team, and said to Chen Dongcheng.
Chen Dongcheng smiled: "Although I am a major shareholder, I will not easily question your decision.
Your choice to join forces with Didi to compete with Uber is a very wise decision."
"Thank you for your understanding."
Cai Bingyao breathed a sigh of relief, now Chen Dongcheng's voice is getting more and more powerful.
The next development strategy of the company must be approved by Chen Dongcheng.
Thinking of Didi, Chen Dongcheng couldn't help but laugh.
When Didi raised its D round of financing, Chen Dongcheng did not choose to follow up.
Now that Grab is the largest shareholder, the two companies will inevitably have entanglements in the future.
When the time comes, Liu Qing's and the others' expressions will be very interesting.
The last time I went to Beijing, I had a cocktail party to celebrate the merger of Didi and Kuaishou.
The reason why Chen Dongcheng agreed so readily and voluntarily gave up his position as Didi's director was because he knew Liu Qing's character very well.
Rather than letting others drive you out, it is better to step aside and make way for someone more talented.
With the equity held by Chen Dongcheng in Grab, his position as director is secure and no one can oust him.
"I still have something to do. I will let my think tank be responsible for following up on the due diligence. Once the due diligence is completed, I will transfer the money to your account."
Chen Dongcheng had Li Changqing and others in charge, so he was naturally relieved and there was no need to continue waiting in Kuala Lumpur.
"Okay, then walk slowly and I will fully cooperate with them."
Cai Bingyao felt relieved as he finally saw this old man off.
Li Changqing and the others also received a look from Chen Dongcheng and sent them to the bottom of the office building.
Watching Cai Bingyao's Maybach disappear, he looked back.
"Let's go back and complete the due diligence as soon as possible. Don't let the boss disappoint us."
Li Changqing was appointed by Chen Dongcheng as the head of the think tank and the core of this small team.
Just because he signed a ten-year long-term contract is worthy of Chen Dongcheng's trust in him.
Several elites looked solemn and nodded in unison.
When you get a high salary, you have to make achievements worthy of the salary and return it to your boss.
There are too many talents who can take their place, and they must always remain vigilant and focused.
How did Chen Dongcheng know that a few elites had so many dramas?
He was happy that he had found another good place to spend money.
Promotion and salary increase are the favorites of almost all employees.
Chen Dongcheng looked at Xie Jingyu and Pang Zhengyang and then gave them another salary increase.
He is so generous to new recruits, so he can't treat Second General Hengha who has been with him for so long badly.
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