"Ah, bah, disgusting!" Sean spat hard, and couldn't help but say, "Hey, hey, hey, haha, quack, quack, quack..."

Damn it, old Bangzi, let me find your weak spot.

Seeing Sean's proud look, Shen Bi looked helpless. He had no choice but to let Sean poke his G-spot.

Fans will never be slaves unless they buy the club!

With Sean as his scapegoat, Shen Bi has seen himself spend money to bring in the best stars in the world and bring Arsenal to the top!

I want to hit the moon!

After regaining his face, Sean was in a good mood. He teased Shen Bi a few words, and then asked with a puzzled expression: "Hey, you said, I have made so much money, how can I still have no money? I can't be silent." That old guy is better at making money than me, so how come he always has money to expand the company?"

"Can it be the same?" Shen Bi said with a smile: "Across the United States, no, around the world, look at who is like you, holding on to all the industries in your hands, and you take up all the gaps in corporate development funds. When it comes to yourself, of course there will be a shortage of funds."

"Murdoch owns less than 20% of 20th Century Fox."

Take New Century Media as an example. Although Sean was the largest shareholder at the beginning, he controlled less than half of the shares. Later, the company expanded several times. When other shareholders lacked funds, Sean naturally used funds to dilute other shares. people's shares.

If all three new channels are launched, Sean will hold up to 85% of the company's shares.

Of course, others didn't lose either. The company's market value skyrocketed. Although there were fewer shares, it became more valuable.

"So few? How does he control Fox?" Sean looked surprised. He had always thought that Mr. Murdoch was the major shareholder and firmly controlled News Corporation.

"Of course, other people hold fewer shares, and their shares have higher voting rights. You wouldn't think that only the absolute majority shareholders can effectively control the company." Shen Bi looked at Sean with a funny face, "Crazy !”

"The more top companies in the world, the more dispersed the equity. 5-10% are generally the major shareholders, and there are more than 30 shareholding institutions or individuals. Only in this way can a larger community of interests be formed and the ability to resist risks be stronger. When encountering Things help more!”

"You want to say that my way of controlling is unhealthy?" Sean tilted his head and looked at Shen Bi with a frown.

Shen Bi nodded, then shook his head, leaving Sean confused.

"Now is a period of rapid development. You have relatively young and powerful people, and you have the Rockefeller family behind you. There is nothing wrong with this operation. But when you get older and your descendants start to take over, this equity structure will be unhealthy and inappropriate. The successor will directly collapse the company."

Shen Bi said with a serious face: "Different periods have different business methods, but at present, it seems that the ultimate method is the consortium situation, such as the Rockefeller Consortium and the Morgan Consortium."

"Tell me about this consortium!" Sean pulled Shen Bi back to the sofa and listened to the lecture seriously.

"It's very complicated. It can't be explained clearly in a few words."

"Then let's put it simply and be straightforward." Sean raised his eyebrows.

"Okay." Shen Bi tilted his head and thought for a moment before saying, "For example, Apple. Steve Jobs founded Apple in 1971, went public in 1980, and was driven out and sold his shares in 1985."

"Apple is a relatively successful large company. It created miracles when it went public. I know you are quietly acquiring the stocks under evaluation, but do you know their shareholding structure?"

Sean shook his head.

"Apple's current shareholding is extremely dispersed, with the largest shareholder holding less than 15%. And according to this trend, it will become even more dispersed in the future. Those holding more than 5% of the shares will be the major shareholders."

"Ah!?" Sean looked shocked, really shocked.

This is also true. By 2017, the top 20 shareholders of Apple held only 35.03% of the shares, and only 10 held more than 1% of the shares.

"A large consortium will not invest a large amount of money in a company and occupy too many shares. Once the company has problems, the risk is too great. They will invest in dozens or even hundreds of different companies in different industries and hold shares. The proportion will generally not exceed 5% to achieve the purpose of risk diversification."

"The benefits of diversified investment are also obvious. When problems are discovered, you can sell your shares at any time without disclosing them in advance, which makes it easier to control the stock price and make profits without losing money."

"Then how do you guarantee your control over the company?" Sean frowned, "5% is nothing to me. If you dare to fucking manipulate my stock price, I will make him look good!"

"You think everyone is as barbaric as you!" Shen Bi said with a hint of ridicule, "Morgan has made some money by manipulating your stocks. Why don't you turn your back and let me see?"

"I..." Sean's face turned red and he snorted heavily, "I'm going to smash their windows, beat their children, and beat their employees!!"

Shen Bi sneered, but that was all he could do.

Sean was helpless, otherwise, he would really kill people and set fire to something like this.

"It's actually very simple. During the growth process of a company from small to large, it needs financing, mergers, and many years of ups and downs." Shen Bi said in a faint voice: "Operators think everything is under their control, but in fact Many roads have been arranged by others."

"The equity will be dispersed every time there is financing, new shareholders will join, and the same thing will happen with every merger. Slowly, over time, the company's equity will be very dispersed, and holding 5% is already a large amount. shareholders."

"What's more, the consortium will exert its influence in this process, making many small shareholders completely follow them, and they can complete the actual control of the company by relying on a relatively low equity ratio."

"Besides, it's all about running the company better and making money. Why should other shareholders deliberately go against the grain and struggle with money?"

"Running a company is not about politics. Opposing for the sake of opposition!"

Okay, Sean nodded in agreement. It doesn't take big consortiums like Rockefeller, Morgan, or Boston. Even the New Jersey consortium, with its intricate network of connections, influence and tentacles in all walks of life, can accomplish this operation.

In his own industry, in addition to the umbrella, New Jersey consortiums have stakes, although not many...

It’s terrifying to think about it!

"In addition, I am telling you a benefit. I often did this kind of thing when I was at HSBC." A sinister smile appeared on Shen Bi's lips, "HSBC holds 4% of the shares of a certain company. In HK, our The sources of information are not what ordinary people can compare with you, even many big companies."

“For example, if there is a problem in the operating conditions of a certain company, such as a shortage of working capital, or a drop in profits, through changes in the bank accounts of upstream and downstream companies, HSBC must be the first to know about it. Even the companies we hold shares in do not have us understanding them. "

“HSBC can diversify and sell shares in advance when risks come, and then release news through other channels to stimulate the stock price to fall, pass the losses on to retail investors, release risks in advance, and then re-acquire them, keeping the shareholding ratio of a certain company unchanged. Change."

"Cao Ni Ma, oh my Cao Mu Ma!" Sean jumped up from the sofa, pointed at Shen Bi with a livid face, and started to curse out of excitement.

No wonder when I was speculating in the stock market in my previous life, the stock price would fall crazily before the financial report was released. For no reason, there would be no movement after the financial report was released.

Every time the stock price drops before bad news comes out!

All the co-authorships were harvested by you sons of bitches!

"How can this be called transferring losses to retail investors to complete harvesting? Our information channels have also been established with huge amounts of money and manpower, and they are not obtained out of thin air. It is not a matter of institutions and is not called harvesting!" Shen Bi said seriously, then said It was a series of incomprehensible words, some financial data display, some market assessment, some risk warning, and the study room was filled with a irritable atmosphere.

"Okay, stop talking, you guys don't have any good stuff!" Sean slammed the table, "I also want to set up a consortium and invest!"
Chapter completed!