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Chapter 23 John Anderson Raised the White Flag

Updated: 2012-06-11

Seeing Anderson's face was not good-looking, Wang Geng didn't care about it, so he settled the score for the old man with his fingers:

"The current population of the United States is 98 million. Although I do not have enough data, based on the population and output, the annual output of citric acid in the entire United States is about 20 million pounds. Pfizer is the largest citric acid producer in the United States and the world.

According to the area of ​​Pfizer's factory in Brooklyn and the number of employees, based on the current traditional citric acid production process, your factory's annual output of 7 million pounds of citric acid is as high as the price of citric acid in the US market is US$1.25 per pound. As the price of raw material continues to rise, the current market gross profit is about 20%.

If I'm right, Pfizer's building, plus the old factory and warehouse in Brooklyn, and more than 300 workers there, plus some Chicago offices, Pfizer's annual sales are around $7 million.

Of course, you know that in your first year of Pfizer, your sales reached US$3.4 million, and your net profit exceeded US$400,000. Before the outbreak of the war, Pfizer's highest annual sales exceeded US$10 million.

However, after the outbreak of the war, the entire market and Pfizer were restricted and affected by raw materials, so I think it would be quite impressive that Pfizer's current annual sales can maintain at $7 million!

Referring to the current payment period for wholesalers in the United States' chemical raw materials market, it is generally around three months to six months. Your production working capital is about $3 million, while the combined assets such as equipment factories and buildings are about $2 million."

"After counting this, Pfizer's total assets are about 5 million US dollars. Of course, this is the data I calculated by myself. Only you, the general manager of Pfizer, knows the best."

Anderson was extremely shocked. Although the data of the young man in front of him was not completely accurate, his method of calculating was impressive. Pfizer, founded in 1849, had a total assets of about 6 million US dollars at this moment.

John Anderson couldn't speak for a moment, and the young man in front of him opened his eyes. This guy was even wondering whether to keep him and play for Pfizer. Pfizer needs such young and brainy fresh blood.

"Look at it, I've calculated that it's ten. Congratulations to Mr. Anderson. Pfizer's gross profit is around 1.5 million US dollars, and you can get 25% of the profit. Oh my God, you're a mogul. Your annual income is at least 200,000 US dollars! You're higher than the annuity income of the two daughters of Morgan's family!"

Wang Geng yelled in a fuss.

"Not that much. Pfizer's investment in R&D exceeds your imagination. The company's net profit per year is only about 700,000 to 800,000 US dollars. I have long given up the income method of sharing 25% of the total profit. But young people, you really surprised me!"

Anderson suppressed the surprise in the center, and his love for talent was aroused. He couldn't help but extend his olive branch, and said a little anxiously,

"Young man, are you interested in joining Pfizer? With your brain, I believe Pfizer will definitely have your place to use it. I can give you an annual salary of 5,000 US dollars! How about being my assistant!"

Wang Geng is both a little grateful and a little disappointed. Damn, my goal is to dominate a country. I want to win over me for you for 5,000 US dollars. It’s simply a daydream!

I said I was grateful because the young Edison and Charles Edison last night had a weekly salary of only 25 US dollars in my own General Electric, and the annual income was only 1,400 US dollars. Anderson really had the vision and dared to win over him with a high salary of three times higher than others.

"I heard that in the new laboratory that Pfizer has established, your chief chemist James Curry is working on the new citric acid process day and night. I wonder how it is going? When will the results be achieved?"

Wang Geng changed his subject and did not accept the hydrangea thrown by the old man, and brought the topic back to the new citric acid technology project!

"It's going well! I believe that Pfizer will soon set off a rush in the industry, and we will become the pioneers of inventing new citric acid technology in the world! The revolutionary changes in citric acid production in the chemical industry will be born in Pfizer Laboratory!"

Anderson decided to scare Wang Geng first, and discuss the ability to bargain, the old Jianghu Anderson believed that the young man in front of him was not his opponent!

Humph, old fox, when I don’t know, although your James Curry is amazing, in history, he has to wait at least until 1919. Now, in February 1917, this old man brags about not making drafts and wants to scare me!

"Then I congratulate you, Mr. Anderson. I believe that other chemical and pharmaceutical companies in the United States will not be less interested in my inventions, and they lack amazing chemists like James Curry to hang out for them in the laboratory. Fortunately, most of these companies' headquarters are also in Manhattan, New York!"

Wang Geng stood up from the sofa and stretched out a hand at Anderson.

"I took the liberty to disturb you and delay your precious time. I'm going to say goodbye now. I can still go to Citi Pharmaceutical before lunch!"

"Hey! Young man, why are you going to do this? If there is a better new process that can shorten our R&D process, we will certainly be happy to see it. But you just asked Pfizer what total assets it is, which is a bit confusing. Do you want to invest in Pfizer? Or, acquire our Pfizer company?!"

Wang Geng sat back on the sofa, but his face turned right and said slowly,

"Mr. Anderson, I'm here to find the best way to cooperate for both parties, and you should thank my first choice for being you and Pfizer, not other heavyweight Pfizer competitors like Citi Pharmaceutical Johnson & Johnson."

"I am 100% confident that the new citric acid technology invention I provide will revolutionize the chemical pharmaceutical and food industry in the world! The cost of citric acid will be reduced by at least three times and the output will be increased by three times! My citric acid is not made from the Italian citrus juice concentrate!"

"Mr. Wang, as you said, the importance of citric acid to Pfizer is self-evident. From a young age, it is a transaction of at least $7 million in annual turnover. From a big day, it is related to the fate and future of Pfizer, a company with a history of 68 years!"

Anderson sneered out the cigar in his hand with a wry smile, and then said, "I hope you can forgive my caution. When I took over the management rights of the company from Mr. Charles Pfizer, I made a solemn commitment to him."

"This is the most respectable quality. In fact, I heard that under your leadership, Pfizer not only has its business flourished, but you also promise that if any Pfizer employee enlists in the future to go to the battlefield, then Pfizer not only reserves their positions for them, but their families can continue to receive their employees' salaries on time?"

Wang Geng thought to himself who said that capitalists are profit-oriented and hard-working? John Anderson is one of the representatives of humanism. In fact, this is also the most important reason why he chose Pfizer and Anderson as partners!

"Young man, you are really surprising. This is indeed one thing I proposed and insisted on at the board meeting at the beginning of the year. The question is that we have never been interviewed by the media for this. How did you know?"

Anderson looked surprised. The Chinese young man in front of him was increasingly unable to see through, but at least, he did not see malice from Wang Geng. If he wanted to attack Pfizer, he could achieve his goal by selling the new technology invention to any Pfizer competitor.

"Is this Wang Geng really an angel who came to help Pfizer overcome difficulties?" Anderson hesitated and murmured,

"Costs dropped three times and output increased three times! If this is true, let alone the United States, the citric acid market around the world will be monopolized by Pfizer!"

"It is not only Pfizer who benefit from this, but also the vast majority of foods, beverages, pharmaceuticals and industrial manufacturers that use citric acid. Consumers will get the greatest benefits. This is a great merit! Otherwise, what do you think I will make it public to the whole world for free?" Wang Geng teased Anderson half-truth!

"Hey! How can that be! How can that be... Not only Pfizer, but many upstream and downstream manufacturers will go bankrupt, and countless workers and employees will lose their jobs. This is absolutely absolutely not possible!"

Although Anderson knew that the guy in front of him was teasing him with retreat, he couldn't help but shout in a hurry!

"You are right. Good things must be controlled at the right time in the hands of people with noble morals and excellent qualities. You and Pfizer are my choices! Unless you reject my request, my invention must be the first to master and put into production!" Wang Geng began to close the network!

"Young man, I cannot refuse your temptation and are willing to take risks for this. Please give me the price you think! We should not waste time trying and circling each other!"

Anderson raised the white flag helplessly, of course he did not forget to follow.
Chapter completed!
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