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Free Web Novel,Novel online - All in oicq.net -> Historic -> Beiyang 1917 Volume 1 New York Story Chapter 45: Pfizer¡¯s Hands-off Shopkeeper
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- Update time: 2012-06-22
As the controlling shareholder of the new Pfizer, Manhattan Industrial Bank sent Vivian to participate in Pfizer¡¯s board of directors as a representative of the major shareholder, but the company¡¯s daily operations were still left to Pfizer¡¯s original team.
Soon the four-member board of directors elected 61-year-old John Anderson to continue to serve as chairman of the new board of directors. However, Wang Geng, who could theoretically only attend the new board of directors, continued to control the new board of directors without any awareness. Agenda for the first meeting of the Board of Directors.
Looking at Old Anderson and Vivian looking at him eagerly, this guy can¡¯t hide for a while. You, the partner of the major shareholder, are here. If you don¡¯t speak, who dares to speak randomly?
Wang Geng sighed and brought up the second topic, which was that Pfizer would issue corporate bonds.
Now, Amy Pfizer, who was re-elected as president of the company, couldn¡¯t help but ask,
"Wang, what you told Anderson was that the new citric acid process can reduce the cost to 30% of the original and increase the output to three times. If this is the case, our funds should be enough, why do we still need to issue debt? "
"It's like this. In my plan, in order for Pfizer's citric acid products to monopolize the U.S. market in the first year, the production must be increased to 22 million pounds or higher. Originally, only an additional working capital of about 2 million would be barely enough!"
Wang Geng paused for a moment, took out the cigar he bought on the way out of his pocket, rubbed it, and continued,
"But considering the necessary investment that Pfizer will need to adopt military management in the future, and the second product after citric acid, I also plan to leave it to Pfizer's laboratory for research and development, and at the same time build momentum for the reorganization of the new Pfizer and the new citric acid. , I recommend that the board of directors pass a resolution to issue corporate bonds.¡±
¡°Of course, the motion was proposed by Vivian on behalf of Manhattan Industrial Bank!¡± Wang Geng said while lighting a cigar.
¡°Military management?¡± Amy and James exclaimed in unison.
"A new product is coming so soon?" James Currie suddenly felt that the 2% of the shares was a bit difficult to get! The citric acid hasn't been finished yet, and the boss is about to develop the next product. Isn't he going to die from exhaustion?
Anderson frowned, while Vivian opened her eyes in confusion.
There was a lot of chatter in the conference room, and it was obvious that everyone couldn¡¯t keep up with Wang Geng¡¯s rhythm.
"Yes, Pfizer is going to implement military management. The new citric acid manufacturing process will be the lifeline of Pfizer in the future. If our secrets are poached by competitors through various means, or if our employees accidentally leak the secrets, then You guys here know better than me what it means to Pfizer!¡±
¡°Pfizer¡¯s employees are all loyal old employees, and I trust them! There is no need for military-style management. Pfizer¡¯s human touch is the most important feature of our corporate culture!¡±
There was a hint of dissatisfaction in Amy¡¯s voice!
"Amy, I think what Wang said makes sense. In fact, what I have been worried about is that the secrets of the new process are leaked. When we monopolize the market and become the target of public criticism, competitors and commercial spies will be as unpreventable as flies. Follow us around!¡±
Anderson¡¯s steady voice sounded, and the old man cleared his throat and continued,
¡°I don¡¯t think there is a contradiction between militarized management and humane management. I believe that every employee who truly loves Pfizer will provide support and cooperation!¡±
James and Jasper, who were present here, applauded.
As the main force of scientific research in the laboratory, how to prevent their scientific research results from being inadvertently accessed by others has always been a concern for them. Now Wang Geng has officially proposed to use military management to ensure safety, which is exactly what they want!
"In fact, the old factory building in Brooklyn is not a suitable production base. The personnel situation there is complicated, the migrant population is large, and the public security situation is relatively poor in all aspects. The new Pfizer production base should eventually be placed outside New York!"
Wang Geng¡¯s words are not surprising. As soon as these words came out, the whole place became noisy and turned into a pot of porridge.
"Wang Geng, have you ever considered that Pfizer's employees, especially those in the production workshop, are mostly New Yorkers. If you move the factory outside of New York, what will happen to them? Everyone's home is here!"
Vivian is obviously slowly getting into the role and expressed the worries of everyone on the board of directors!
"I have thought about this issue. By then, a direct shuttle bus from the factory to New York can be opened to transport employees to and from get off work every day," Wang Geng said calmly.
"Would everyone spend too much time on the road? Some employees' families need to be taken care of" Amy's voice sounded again.
¡°For employees who really have difficulties, they can be trained and??Working in warehousing and logistics positions near New York, Pfizer's headquarters and marketing department are still in Manhattan, New York! "Wang Geng waved his hand disapprovingly!
"I think it's okay. After all, there are only more than 300 employees in the production workshop in Brooklyn. If we can really monopolize the American market in the future, the manpower will be far from enough. By then, the new production base can recruit workers nearby. The old workers in New York As Wang said, employees can be transferred to work near New York! ¡±
Pfizer¡¯s new vice president William also stood up to support Wang Geng. He accepted Wang Geng¡¯s ideas as a major shareholder who fell from the sky very quickly.
Soon, Amy gave up the argument, and the new Pfizer board of directors passed the decision that the production base would be militarized. Immediately afterwards, there was another dispute over the scale of the bond issuance.
Following Wang Geng's wishes, he issued a one-year Pfizer bond of US$15 million with an annual interest rate of 7%, which was 1 percentage point higher than the bank's three-year fixed deposit interest rate at that time and higher than the current one-year deposit interest rate in the United States. 4.5% is nearly twice as high!
"Wang, the debt of 15 million US dollars is too high. The fixed assets of the new Pfizer are only 6 million. The invention of the new citric acid process can only be regarded as an intangible asset. If Pfizer went to Wall Street to issue 6 million US dollars of bonds, it might be able to survive. Give it a try, $15 million.
It can¡¯t be sent out at all, and the interest rate is too high! The current bank loan interest rate is only 7%. In this case, why do we need to issue bonds? ! Direct mortgage is ready! "
Vice President William is usually responsible for the company¡¯s finances, but this time he stood up and expressed his doubts!
"Things like mortgage loans are not within the scope of New Pfizer's consideration at all. I just want investment bankers across the United States to see that our New Pfizer is a gold mine with unlimited future and will control the future citric acid market in the United States. There is no need for us to be the leader in the industry. Our bonds will become as dazzling stars in the bond market as Pfizer!¡±
Wang Geng said arrogantly, while lowering his voice,
"Next year, when we become the king of the U.S. citric acid market, we will issue another US$50 million in medium- and long-term bonds. We want our customers to know that holding Pfizer's bonds is equivalent to holding a steady stream of Gold mine in progress!¡±
"In that case, why don't we simply issue shares to make the company public?" Amy's voice rang.
"Tsk" Wang Geng thought, this second generation ancestor is out of his mind today. He can't even understand such a simple truth?
"Amy, Pfizer is on the eve of taking off. Going public now is equivalent to sharing the original stock with others. That is a big mistake. When Pfizer grows, we can issue shares at a premium of at least 10 times. Now the premium is 1.5 times at most. No one may buy it yet!¡±
Anderson frowned dissatisfied, and while explaining, he glanced at Amy Pfizer and thought to himself, you are not usually so slow, why are you so confused in front of Wang Geng today!
"Don't worry about the bonds not being issued. Manhattan Industrial Bank will serve as the underwriter and underwrite the remainder after the open market sale. Of course, I will not waive the 1% underwriting fee for you. Manhattan Bank still has to support a large group of people. Where are you guys! Have you ever seen an executive director of a company holding the general manager on his arm and acting as his secretary?¡±
"In addition, these 15 million US dollars of Pfizer bonds will be issued through bidding on Wall Street. That is, the upper limit of the interest payment due on the bonds after one year is 7%, but the lower the quotation, the greater the hope of buying it! Whoever bids I will sell it all to him now with an interest rate of 4.5%! Of course, Pfizer will still have to settle with Manhattan Industrial Bank at an interest rate of 7% + 1% and 8%, and the difference will be the profit of Manhattan Industrial Bank!¡±
Even Anderson may not think that Manhattan Industrial can sell 15 million US dollars of bonds at a coupon rate of 7%. Now Wang Geng says that he actually wants to bid to earn the difference. Almost no one on the Pfizer board of directors believes it!
Although Vivian was a little uneasy, the bond issuance was settled.
Wang Geng and Anderson quickly signed an agreement for Manhattan Industrial Bank to underwrite 15 million Pfizer bonds.
As soon as the agreement was signed, Wang Geng packed up his briefcase and was about to leave. Now that the Pfizer board of directors resigned, Anderson directly stopped the guy and said,
"Wang, how can you leave? Military management, next work arrangements, and new citric acid technology must not wait for you to decide this or that?"
Unexpectedly, this guy grinned and said,
"Something as confidential as the new citric acid process cannot be leaked until you have formulated the militarized management regulations. You must first establish a strict document review system. In theory, not a single hair from the laboratory can be taken out. A fly can't theoretically fly in.After this is done, when will I bring the information to explain to the doctor and assistant? "
"The military management plan, the location of the new production base, the new Pfizer's media promotion plan, wait until you have completed these plans! John, you are the chairman of Pfizer, I said that the new Pfizer will be left to your leadership, don't Come to me for anything! Do you know how much a partner at Manhattan Industrial Bank is worth in one minute?¡±
"If you have any questions from now on, please go directly to Vivian. She is your Pfizer director and the representative of the major shareholder. If you don't go to her, who will you go to? But I can't leave her to you today. You can go to her later when she is free." , this is her business card, this is my business card, don¡¯t type it randomly!¡±
Wang Geng dragged Vivian, who didn¡¯t know what to do, and walked away, leaving the Pfizer group in a daze in the conference room. - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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