Chapter 124 Year-end bonus
Although Komansky thought Zhou Yang was a genius, he didn't believe that the other party could create such a terrifying return on investment.
After all, Komansky himself took advantage of the excellent opportunity of the Iran-Iraq War and mobilized the resources of the entire Merrill Lynch self-operated department, the total income generated by large-scale speculation of crude oil was less than US$20 million.
Fortunately, Komansky was used to being shrewd. While agreeing with Zhou Yang's confident idea, he did not forget to set a cap ratio. No matter how much profit Zhou Yang brought to Merrill Lynch in the end, his team's performance commission should not exceed 40%.
Six months later, Komansky began to be grateful for his rigor and intercepted more than $4 million in profits for the company.
According to the agreement between Komansky and Zhou Yang, of the $41.6 million performance fee collected by Merrill Lynch from investors, Zhou Yang's team can take away $16.6 million, and the remaining $25 million will be handed over to Merrill Lynch.
In addition to team performance commissions, Merrill Lynch Hong Kong Asset Management Department can also propose a management fee of US$1.3 million from the fund pool of the asset management plan.
In addition, in the past year, the Asset Management Department has also helped Shenhai Urban Investment Company to custody the balance of funds raised by US dollar bonds and Hong Kong dollar bonds, as well as the land price for the transfer and rental of land by Shenhai Urban Investment Company, and the sales funds for all residential and commercial real estate projects developed by Hong Kong Real Estate Company in the SAR.
Although the income of these businesses is not as terrifying as the asset management plan, it also brought nearly $1 million in revenue to the asset management department. According to Zhou Yang's previous agreement with Komansky, this part of the income does not require the company to pay profits this year, and can be completely intercepted as daily expenses of the asset management department.
So at the end of 1980, Zhou Yanggui summed up his team's revenue, with a total revenue of US$19 million. Taking out nearly US$1 million in the past year and arranging $2 million as operating expenses for next year, the actual income that can be distributed is US$16 million.
Zhou Yang took away $12 million of the amount himself, and the remaining $4 million was distributed to all members of the Asset Management Department in the form of a year-end bonus.
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"Li Zi, I'm here. Do you dress so formally every day at work? Isn't it hot in summer?"
At the entrance of Tsim Sha Tsui Ocean Center, a beautiful girl saw a boy wearing a black suit and glasses walking towards him quickly and immediately greeted him enthusiastically.
"Our company has dressing requirements. There is a central air conditioner in the building in summer. In addition to being a little uncomfortable to get off work, it's actually okay!" The boy's name is Liu Li, who is not very tall and speaks kindly.
"Are you rich today? Why did you think of inviting me to the Ocean Palace for dinner? The seating fee here is very expensive. I'm afraid I'll make you poor!" The girl's personality was very cheerful and chattered all the way.
"Tan Yonglin will be on stage at the Ocean Palace today. Don't you like his song "Thinking about the Future" very much. He may sing it live tonight!" Liu Li said and smiled at the girl beside him.
Chapter completed!