Chapter 74 digging people
Bill Gross may not be as famous as Peter Lynch, Warren Buffett, George Soros and others in the hearts of ordinary people. That's because Bill Gross is mainly concerned about the bond market, and the participants in the bond market are large financial institutions and investment management companies. Now Bill Gross is in his forties, and the Pacific Investment Management Company he works for has grown step by step from a small fund with a managed capital of only tens of millions of dollars to a large and medium-sized financial institution with a total fund of 2 billion dollars.
However, Seriosha knew that Pacific Investment Management would develop into the world's largest investment management company in the future, and Bill Gross's title of King of Debt was also gradually emerged. Although Bill Gross was still just a bond fund manager at that time, his power was greater than that of the US president to some extent.
This is not touting Bill Gross, because bonds are really a matter of life and death for Western capitalist countries. Whether it is the US government, the Japanese government, or the old European governments of governments, none of them rely on issuing bonds to raise the various funds needed by the government. Whether it is public construction, military expenditure, education expenditure, medical expenditure, none of these governments are not eating food. If the current financial situation of the US government is evaluated from the perspective of a company, the total debt is already twice the GDP, and the fiscal deficit is still increasing.
Although government bonds are bonds endorsed by the country's credit, they still have to be tested by the market. The person who tested them is bond market investors like Bill Gross. No matter which country's bonds are, they can only get money from international creditors if they are recognized by the market.
Although Mikhail didn't understand what Bill Gross was, he still let go of his affairs in Japan and flew to the United States to discuss the specific matters of the acquisition of Pacific Asset Management. The management of Pacific Investment Management had never heard of the name of Colombia Bank, so he refused to meet Mikhail at the beginning. It was not until a phone call from the president of Barclays Bank in the UK that Pacific Investment Management Company paid attention to Mikhail's arrival.
Under the arrangement of the president of Barclays, Mikhail took the initiative to visit Pacific Investment Management Company. Mikhail came alone, neither with his followers nor his assistants, and seemed to be coming in and wandering around casually. This surprised the management of Pacific Investment Management Company.
"Mr. Grachev, we heard that you want to cooperate with us. Don't know what plans do you have?" asked the CEO of Pacific Investment Management straightforwardly.
"Mr. Bill Gross is here, I want to meet him!" Mikhail didn't even have to take it seriously at all. He didn't want to waste time. Seryosha understood his meaning. He only wanted Bill Gross to join Columbia Bank. If Bill Gross was unwilling to leave Pacific Investment Management, then buy the company. However, if Bill Gross could convince him, Mikhail would not be willing to spend this unjust money.
"This one is Mark Milken, CEO of our Pacific Investment Management, and Mr. Bill Gross is just our head of bonds..."
A woman present was about to introduce the management of the company, but Mikhail waved his hand absent-mindedly, indicating that he didn't want to continue listening. The smile of the company's CEO Mark Milken turned from bright to embarrassment and embarrassment. He couldn't figure out that he was the CEO of the company but he was not as good as his subordinate. Yes, Bill Gross is indeed very powerful, with outstanding performance and a little famous in the industry, but the business scope of Pacific Investment Management is not just the field of bond investment.
In the conference room, everyone from Pacific Investment Management Company turned their attention to Mark Milken. Mark Milken stood up as if he was calm, waved to everyone, and then left the room with everyone. Mikhail nodded to Mark Milken, expressing his gratitude.
Mikhail sat quietly in the conference room, quietly waiting for Bill Gross' arrival. After a while, a thin middle-aged man knocked on the office door and pushed the door open and walked in. Mikhail stood up, reached out to the other party on his own initiative, and then asked politely: "Is it Mr. Bill Gross, the head of the bond market of this company?"
"Yes, it's me! I heard from my colleagues that you are the head of Columbia Bank. Do you have any places to need me?" Bill Gross has a beard and is very thin. Although he is in his forties, he looks very energetic. I don't know if it's because of his career. He always maintains a vigilant and shrewd look in his eyes.
"Please forgive me for being abrupt. Our Colombia Bank intends to plan its bond investment business and wants to recruit an experienced and capable fund manager. I wonder if you are interested?" Mikhail said straight to the point.
"Ha, you are so interesting. The first time I have seen a guest like you who came to poach the door with great fanfare? Unfortunately, my answer is, I'm sorry, I'm very happy to work here!" Bill Gross refused without hesitation.
"I would like to ask you to think carefully. Before that, you should take a look at the investment plan I have in my hand! Sorry, I came to New York from Japan to find you. This investment plan was also temporarily planned on the plane!" Mikhail said that, after taking out an A4 printing paper from his pocket, then opened it in front of Gross. Gross looked at the paper curiously, which simply said that the first year, one hundred billion, the second year, two hundred billion, the third year, four hundred billion...
"What do you mean by 10 billion on this? It doesn't mean the size of the fund? Is this currency worth US dollars?" Bill Gross looked at the other party in disbelief and asked.
"It seems that you understand my plan, so that's easy to say! Let me talk to you about the salary. The annual salary is 30 million US dollars, and the annual performance can increase by 10%. Of course, in addition to this, there are stocks and year-end dividends. I think with your current performance, you can get about 100 million US dollars of annual income from us! As far as I know, even the CEO of Goldman Sachs can only get half of this price..."
Bill Gross had never heard of such a generous salary. This salary was far beyond Bill Gross' imagination, but the Columbia Bank where the other party worked was unknown before, so Bill Gross quickly found an opportunity to interrupt and asked: "What kind of company is Columbia Bank?"
Chapter completed!