Back to 1995

Chapter 534

PayPal was able to acquire Ross Peretti Bank at a low price. Adrian contributed a lot in it. Normally speaking, the broken ship still has three catties of iron. No matter how unbearable Ross Peretti Bank is, it is not more than 6 million dollars. , can be taken down.

Adrian's pressure was the last straw that broke the camel's back, and Ross Peretti Bank had to sell itself to PayPal.

This is also the reason why Amerika Corporation likes to cooperate with congressmen. They are often fired by congressmen, forcing those prey to sell themselves to big companies.

Of course, the latter also needs to make a statement, invest campaign funds for these congressmen, help them win votes, and so on.

Naturally, it is impossible for Song Yang to let Adrian do nothing for nothing. He wants to give Adrian's family foundation a sum of money, and then contribute a sum of money to his campaign office. This is the rule of the world.

Greg was a little sober from his drunkenness, and after hearing Song Yang's words, he nodded and said, "I understand!"

In Houston, Adrian is having dinner with his wife and daughter at home. How about Adrian’s private life? At least on the surface, Adrian’s image is upright, tough, and dares to challenge gang crimes, etc., but he is clean and caring for his family, etc. wait.

This is also the common external image of American congressmen. When they appear in front of the camera, they are often a big family, and they appear in front of the camera with a smile on their faces.

Adrian's wife, who is the same age as him, is in her 40s this year, but she is well maintained. She looks only in her 30s, and her figure is well controlled. After all, Adrian's wife spends a lot on her face and body every year. All over $20.

Adrian's wife, who also comes from a good family background, understands that if she wants to maintain a relationship with Adrian, she must maintain her face and figure. There will be some relationship with certain women, but she still hopes that day will come later.

"Oh, really, are you sure you heard right?"

When Adrian was eating, seeing his wife received a phone call, he couldn't help asking in surprise on the phone.

After hanging up the phone, Adrian's wife covered her mouth and said to Adrian, "Honey, you can't imagine that the Bruno Family Foundation has invested 100 million dollars in my charity and environmental protection foundation!"

Adrian "also" screamed, looking at his wife who had been with him for nearly 20 years, no matter what happened outside, he knew that when his epitaph appeared, it must be placed with the woman in front of him , Adrian is also willing to maintain his relationship with the woman in front of him.

"That means that everything you have done has been recognized!" Adrian picked up a piece of salad and put it in his mouth, and said to the woman.

While speaking, the Alcatel P1 mobile phone in his hand vibrated because he received a new text message.

Adrian picked it up casually and took a look, with an indiscernible smile on the corner of his mouth. After reading it, he deleted the text message and said to the woman, "I have to say, today's salad is delicious!"

The text message just now was sent by Chief of Staff Matthews. Adrian's campaign office has received multiple donations, with a total donation of more than 400 million US dollars. It is made by a number of small American companies, individual donors, Foundations, etc., are collected into the account of the campaign office.

Of course, Adrian and Matthews knew who had donated this donation. Everyone knew this kind of thing tacitly. Adrian was always at ease with Song Yang, the big donor.

The mobile phone Adrian uses now is Alcatel, and the calling card, broadband, TV network, etc. used are all supplied by America Telecom.

Adrian, who was a sheriff in Houston, knows the methods of those investigation departments. He doesn't want his words on the phone, text messages, etc. to be recorded.

Alcatel mobile phones, American Telecom, etc. are not necessarily the most reliable, but Adrian is already one of the few mobile phones, telecom cards and broadband that he can choose, allowing him to use them with confidence.

The next day, Ross Peretti Bank on the New York Stock Exchange officially changed its name to PayPal Bank, and then announced that it would restructure the board of directors.

Affected by this news, PayPal's stock price not only did not fall, but started to soar again. PayPal Bank is no longer like a bank, but more like an Internet concept stock. When there is a little trouble, the stock price starts to fluctuate!
Especially after the name change, PayPal Bank immediately released a number of good news. The Houston Municipal Department announced that it would hand over some funds such as public facilities and city public housing projects to PayPal Bank. This is sending money to PayPal Bank.

These projects are all municipal projects. As long as the Houston Municipal Department does not go bankrupt, PayPal Bank will invest money in these projects and basically receive stable interest, so there is no need to worry about losing money.

The purpose of this announcement is not to tell the outside world how much money PayPal can make, but to tell those investment banks and institutions that the crisis of PayPal has been resolved, and the relationship with local snakes has been restored, and there is no need to worry about bankruptcy and closing.

Many companies under the North American Global Investment Foundation, as well as investment industries, etc., such as Double Click, ICQ, America Telecom, Alcatel Mobile, PA Semiconductor, Fortinet, ebay, Amazon, and overseas Yeadex, Sohu, 8848, etc. They also announced the start of cooperation with PayPal Bank.

For a while, PayPal Bank appeared to be very powerful, and even the slogan "Internet's own bank" appeared, calling on American Internet companies to cooperate with PayPal Bank...

It’s hard to say whether it’s true or not, but the slogan is really lofty. PayPal Bank took advantage of the situation and announced the establishment of a branch in San Jose.

PayPal's stock price today also skyrocketed today. It has been violently pulled all day long. Wall Street institutions have entered the market to rush to raise funds, making PayPal's stock price break through $81 at the highest point, and the market value exceeds $50 billion. This is this stock. For the first time since the listing of bank stocks!

John Harder finally sold more than half of his PayPal stock when the stock price was $[-]. He was not sure whether the stock price of PayPal Bank would rise even higher, but he felt that his heart could not bear the stimulation. .

After Conor returned to Houston, he immediately began to reorganize the board of directors of PayPal Bank. Among the seven-member PayPal Bank board of directors, only two of them belonged to the original directors of Ross Peretti Bank. Yang, Gleick, Marcus, Aaron Swartz, and an independent director invited from outside, Kenneth, the president of Enron Group.

As soon as this list came out, some doubts arose. The original group of Ross Peretti Bank directors were also very dissatisfied. They felt that they had been kicked out of the restructured PayPal Bank.

But those dissatisfaction and opponents could not cause any waves at all, because the entire PayPal Bank, from top to bottom, from inside to outside, had no opinion on this list of board of directors.

The restructured PayPal Bank announced that it will not lay off employees, and the salary of ordinary employees will be increased by 3%, and the salary of management will be increased by 5%!

Wall Street institutions, as well as small investors, such as John Harder, don’t care who is in charge of PayPal Bank. What they care about most is dividends and stock prices. You don’t have to think about dividends, just change the name The previous bear of PayPal Bank could not pay dividends at all.

But the soaring stock price now makes those investors very satisfied. They only need to see that PayPal's stock price has risen. Those analysts advocate the performance of PayPal Bank after being taken over. As for who the board of directors is, they Don't want to know.

The new PayPal Bank board of directors was quickly formed, and the entire PayPal Bank basically belonged to the North American Global Investment Foundation and the Bruno family!

PayPal Bank is making noise, and the PayPal payment platform is not idle. Just after the acquisition of PayPal Bank, it immediately announced the establishment of a risk control department. The bank merged with the risk control department of the payment platform, and Conor was appointed as the new president of the risk control department. , and PayPal's risk control department will cooperate with Bank of America, Goldman Sachs, Deutsche Bank, Citigroup and other banks to build a risk control data center and system covering more than 8700 states and covering more than [-] million users!
In addition to the risk control department, PayPal Payment also announced that it will work with PayPal Bank to establish operation centers and offices in American states and overseas markets, allowing PayPal to go from online to offline.

This is also to prepare for the newly launched credit and mortgage business. When the risk control department is established, the PayPal payment platform will launch the credit and mortgage business online, which can be handled online or offline at PayPal Bank.

But what attracted the most attention from Wall Street was that PayPal, under the operation of Goldman Sachs, obtained a fund sales license, as well as licenses for insurance and bonds.

If PayPal applied for these licenses by itself, it would take about a year or so, and there is no need to think about it. Even if Song Yang went to Adrian and the Elephant Party, it would be useless, because most of the federal financial departments and institutions are donkey parties. The people over there are not in the same way as Song Yang.

But when Paulson stepped in, these were no longer a problem. Paulson asked Goldman Sachs to guarantee PayPal and applied for these licenses for PayPal.

And PayPal is also on the platform, and began to sell an Internet concept fund issued by Goldman Sachs. This fund mainly invests in Internet stocks.

Goldman Sachs and the entire Wall Street are also quietly staring at this fund issued by the PayPal platform. Is there anyone applying for it, and whether it can raise the funds needed for the issuance? potential!
(End of this chapter)