My 1999

“The situation in the United States is getting worse and worse now.

Last month, two credit rating agencies, Standard \u0026 Poor's and Moody's, downgraded the credit ratings of 612 and 399 mortgage bonds, respectively.

August has just begun, and Deutsche Bank has already posted a loss of 8.2 billion euros.

Bear Stearns, one of the five largest investment banks in the United States, announced that it had frozen two of its subprime debt funds.

Almost every day brings bad news. "Hector Onlai actively stirred up the topic.

He was very curious about Xu Liang, the world-famous financial tycoon and investment guru. After knowing that he would come to visit today, he had thought about the topic of chat in advance.

Following his son-in-law's words, Son Zhengyi smiled and asked.

"Xu Jun, what do you think of the subprime mortgage crisis in the United States?"

"Mr. Sun, this is a very broad topic." Xu Liang smiled.

"Mr. Xu, do you think the crisis will continue?" Hector Onlai interjected.

Xu Liang glanced at him, and at the same time he keenly caught the flash of dissatisfaction in Sun Zhengyi's eyes.

smiled.

“The scale of the U.S. subprime debt crisis is huge, exceeding US$2 trillion according to the data exposed.

The numbers are huge, but compared to the GDP of the United States, although it will strain our muscles and bones, it is still bearable.

But the key is how many securitized CDOs are hidden under the water of these two trillion US dollars of subprime debt. Composite CDO products are the key to solving this problem.

Of course, crisis is only one aspect, and state top-down intervention is also very important.

If governments of various countries, especially the United States, take appropriate measures and intervene effectively, they may be able to nip the crisis in the bud and not have a huge impact on the United States or even the global economy. "

Of course he would not tell the truth if he was not a relative or an acquaintance.

"So what Mr. Xu is saying is that the U.S. subprime debt crisis will not evolve into a global economic crisis?" Hector Onlai asked.

"I didn't say that."

Xu Liang said directly.

But there wasn’t much explanation.

"Xu Jun, Hanhua made a lot of money in this subprime debt crisis that broke out in the United States and spread to the world. I believe you must have a deeper understanding and judgment of this crisis.

We are all friends who have known each other for many years, so don’t be too self-conscious. "Sun Zhengyi said with a smile.

This guy is as sophisticated as ever, and he gets to the point straight away.

Xu Liang quickly changed the subject.

"According to what Mr. Sun said, did you also invest in the stock market?"

"Haha, I don't have Xu Jun's vision, I'm just a little curious."

"Mr. Sun is self-effacing. Whether he invested in Yahoo before or later in Alibaba, Mr. Sun's outstanding ability in investment has been demonstrated.

If you enter the secondary market, I believe you can also create brilliant achievements. "Xu Liang said beautiful words.

"Xu Jungao looks up to me."

Son was quite proud of being praised, but he had not lost his cool yet.

"Xu Jun, we said last time that SoftBank is very interested in the US telecommunications market.

Recently, our merger and acquisition negotiations with Sprint, the third largest telecommunications company in the United States, are going very smoothly.

Do you want to join in? "

"If a gentleman doesn't take away people's love, I won't participate."

Son Zhengyi: "Isn't Xu Jun always very optimistic about the US telecommunications market?"

"I'm optimistic about it, but I have already invested in Vivendi Telecom and I don't want to invest too much for the time being." Xu Liang said.

"Is it because Mr. Xu is not optimistic about the global economic situation in the next few years and refuses to invest?"

Looking at his probing eyes, Xu Liang smiled.

"It's not that I'm not optimistic. The main reason is that the situation is still unclear. I would rather wait and be cautious."

Sun Zhengyi continued to make insinuations about his views on the subprime debt crisis, and Xu Liang also followed the trend and said some simple things.

The two sides played Tai Chi, and at 8:30 in the evening, Xu Liang and Fukuda Xinmei got up and left.

Looking at the car shadow in the distance.

"Dad, Xu Liang's tone is too strict." Sun Yijun said with dissatisfaction in his tone.

"If a ruler is not secretive, his ministers will lose their integrity; if their ministers are not secretive, they will lose their virginity; if you want to succeed, the first thing you must do is to be careful in your words and deeds. It is not surprising that Xu Liang behaves like this." Sun Zhengyi sighed.

"Dad, do you think he will continue to short subprime debt?" Hector Onlai asked with a smile.

Glancing at him and scanning his daughter's pleading eyes, Son Masayoshi sighed inwardly.

"Based on what I know about him, he will definitely continue. But I don't know the specific method of short selling and how much money he will pay."

After saying that, he turned around and walked towards the room.

Hector Onlai's eyes flickered, and he had a flash of thought as he looked in the direction Xu Liang was leaving.

…

"Xu Jun, I feel that Mr. Sun's purpose in inviting us to dinner is not simple."

In the car going home, Futian Xinmei, who was nestled in Xu Liang's arms, suddenly said.

"Why do you say that?"

"Although he said a lot, it basically focused on Hanhua's investment and your judgment on the U.S. subprime mortgage crisis."

Xu Liang patted her jade hand with interest and gave her an encouraging look.

"continue."

"I feel like they want to pry into your investment strategy and provide investment reference to SoftBank or US investment banks."

After finishing her words, Futian Xinmei thought hard for a while and then said dejectedly, "That's all I can think of."

"Not bad. It seems that having you participate in the work of Seibu Group during this period has achieved certain results."

"Am I right?"

Facing the expectant eyes, Xu Liang nodded affirmatively.

The woman breathed a sigh of relief and her expression became happy.

Xu Liang smiled while hugging the beauty's slender waist.

"Our Xinmei has a certain talent in business. When I'm not around, you should take more time to visit Seibu Group. I don't ask you to understand everything, but you have to understand what happened in the group.

Don't let these guys ruin our Xu family's foundation."

Fukuda Xinmei nodded vigorously, her pretty face full of determination, "Xu Jun, don't worry. I will definitely protect Xu Jun's industry."

He tapped her nose intimately.

"Wrong, it's our family's industry."

"Yeah."

After comforting the little beauty in his arms, looking at the Tokyo night view that was rapidly receding outside the window, Xu Liang's mind flashed through the scenes at the Sun family.

Sun Zhengyi's test was within his expectations.

But the Aung Lai, who was in the name of his son-in-law, was obviously a little too anxious.

Considering the other party's identity.

"Is it Goldman Sachs, or JP Morgan, or both?"

Although he broke the huge 'Gonggong Plan' into pieces and dispersed it to dozens of funds and companies, making waves in the global financial market.

But the most critical US market is still the main battlefield of the Gonggong Plan.

With the influence of the five major Wall Street giants, even if they can't get a glimpse of the full picture of the 'Gonggong Plan', they can guess a rough idea.

The huge profits will naturally attract a large number of financial crocodiles to come in and grab food.

But although these crocodiles are huge and have amazing appetites, they can't accurately judge the time when the prey appears.

He, who accurately grasps the crisis, naturally becomes the target of covetousness from all parties.

Fortunately, he and Hanhua are now the world's top financial giants and top players, and no one dares to move strong yet!

"Let's go to the United States after we deal with the Seibu Group." Xu Liang thought.

……

Seibu Group Headquarters Building, Minami-Ikebukuro, Toshima-ku, Tokyo.

Although it has been more than half a year since the acquisition of Seibu Group, this is the first time Xu Liang has come here.

When Fukuda Xinmei took his arm and walked into the conference room, all the people who had been waiting here stood up with respectful eyes.

They just had a hard time with the name.

Xu Liang did not have a specific position in the Seibu Group.

Instead, Fukuda Xinmei was the chairman of the Seibu Group.

After coming to the middle of the stage and looking around at everyone, Xu Liang waved his hand.

"Everyone, please sit down."

After seeing them sit down, everyone sat down one after another.

"It has been half a year since the acquisition of the Seibu Group. In the past six months, the group has not made too many adjustments in personnel except for improving the management system and adjusting the reward and punishment system.

Now, after half a year of investigation and understanding, I have a relatively deep understanding of you.

It is also time to establish the group management team and truly lead the group out of the predicament."

Hearing this, everyone's heart was lifted.

Under the leadership of the new boss, the Seibu Group has made great moves and gradually regained its vitality. No one wants to be out at this time.

Xu Liang looked around at the crowd, seeing pairs of nervous and concerned eyes. Sitting high up, he enjoyed the power to decide people's fate with a single word.

After a moment, he said slowly.

"Ms. Fukuda Shinmi will still be the group president, and Araki Masao will be the group president."

As soon as this was said, an old man in his sixties, wearing a neat suit and sitting in the middle of the first row of the audience, stood up with a happy face.

"Thank you for the trust of the president. Araki Masao will do his best to lead Seibu, under the leadership of the president, out of the current predicament and towards greater glory."

Looking at this old guy, Xu Liang sighed in his heart.

In fact, he didn't want Araki Masao to take the position.

This old man from the era of Yoshiaki Tsutsumi had mediocre ability, and his only advantage was that he was honest and dutiful.

But even if he was unwilling, he had to compromise with reality.

The reality of the Japanese business world is that seniority is the basis for promotion, and the younger generation respects the older generation.

If he promotes a young person according to his own preferences, even with his support, he will not be able to sit firmly on the position of president of Seibu Group.

The executives of the major subsidiaries below will definitely obey in public but disobey in private.

At that time, let alone getting Seibu Group out of trouble, the internal friction alone will be enough to destroy this company with a heavy debt burden.

So, after weighing the pros and cons for a long time, he compromised.

Masao Araki is a senior member of Seibu Group, and most people are convinced by his promotion.

His honest and conscientious character also makes it convenient for Xu Liang to implement his will in Seibu.

"Goto Takashi will serve as the Chief Operating Officer (COO) of Seibu Group."

Looking at the middle-aged man with joy in the audience, Xu Liang smiled and nodded to him.

Goto Takashi is one of the more capable executives in Seibu Group.

Under his leadership, Seibu Railway Company is among the top three subway companies in Japan in terms of profitability and income level.

Although the Seibu Group has fallen into decline, the Seibu Railway has developed very well and is also a money-printing machine within the entire group.

Without its contribution, the Seibu Group would not have survived until 2005 before going bankrupt.

"Zhong Tao, Chief Financial Officer of the Seibu Group."

A middle-aged man with gold-rimmed glasses stood up and nodded to Xu Liang, then turned around and waved to everyone.

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He was originally the vice president of Hanhua Tokyo Branch, and he was quite capable.

He graduated with a master's degree from the University of Tokyo and had enough knowledge of the Japanese business community.

He happened to be the company's CFO.

"Hideo Fukunaga, Chief Talent Officer of Seibu Group."

The HR position is very critical, and he is not going to give this position to the old man of Seibu.

After comprehensive consideration, he handed it over to Hideo Fukunaga.

After the Hongmeng structure reform and the independent management of the subsidiary, Hongmeng Japan and South Korea Company was also dissolved.

Some of them sought other jobs, and some were transferred to the departments of Hongmeng's subsidiaries in Japan.

Another part was arranged by Xu Liang to join the Seibu Group.

As the CEO of Hongmeng's Japanese and Korean subsidiaries, Xu Liang originally considered letting Hideo Fukunaga become the CEO of Seibu directly. But later he thought about it and gave up.

It is good to break down and then build up, but it takes a lot of energy in the middle.

It would be fine if it was normal, but now the subprime mortgage crisis is imminent.

His main energy should be focused on this.

Therefore, Seibu still focuses on gradual reform and stability.

"Duan Fei, Chief Security Officer of Seibu Group."

A sturdy young man with a short flat head stood up and gestured to everyone.

His situation was the same as Fukunaga Hideo, and he was also a security officer transferred by Xu Liang from Hongmeng Japan.

After retiring from the Chinese special forces, he entered Hongmeng Japan for two years of training after entering Red Shield and was responsible for the company's security and protection.

Xu Liang read out the names one by one.

Some people were excited, while others looked gloomy.

A picture of success and failure.

Although Xu Liang did not intend to make a major operation on the group's management team, the people he was optimistic about were basically promoted by two levels.

In addition to the people arranged by Hongmeng Japan.

In the entire Seibu Group and its subsidiaries, one-third of the management team has been replaced.

"Establish the Seibu Group Management Committee, with Masao Araki, Takashi Goto, Tao Zhong, Hideo Fukunaga, and Fei Duan as members.

Responsible for the highest decision-making of the group."

"Establish the Seibu Group Advisory Committee, responsible for providing advice and suggestions for the development of the Seibu Group. All executives whose names were not read this time will automatically enter the Advisory Committee."

Everyone understood that the so-called "Advisory Committee" was a nursing home.

The fact was just as they thought.

Although the executives he eliminated from Seibu were mediocre in ability, most of them did not do anything wrong, but they were old and did not meet the development needs of the group.

Directly firing them would easily affect the hearts of the people within the group.

Entering the "Advisory Committee", getting a decent salary, and being able to explain to the upper and lower levels.

"Okay, except for the members of the Management Committee and the president of the subsidiary, everyone else should go out."

Soon, everyone stood up, looked at the people who stayed with envy, and left one by one.

After everyone left, Li Jinling closed the door.

There were only a dozen people left in the huge conference room.

In addition to Xu Liang's bodyguards and secretary, and the five-member management team of Seibu Group, there is still Seibu Railway.

Then there are Seibu Railway President 'Shirayama Susumu', Seibu Bus President 'Tsukada Masatoshi'.

MUJI President Yokoyama Masaya.

Xu Liang was worried.

Every time he mentioned 'MUJI', the name 'MUJI' always came to his mind subconsciously.

Yoshinoya President 'Saito Eisuke'.

And Prince Hotel Group President 'Akiyama Hiko'.

"Everyone, from today on, you are the core executives of Seibu Group. Unless there is a major strategic mistake that has a negative impact on the operation of the group and its subsidiaries, I will not easily adjust your position."

In one sentence, the anxious people calmed down.

This is also Xu Liang's purpose.

Seibu Group, which has undergone a huge personnel adjustment, is now in a panic.

He wants to ensure that there will be no confusion in the top management team.

Only when they work with peace of mind can the group move forward steadily according to the plan of his boss Xu.

"In addition, the group will take out 20% of the shares of each subsidiary to establish an option pool. All the executives and employees of the subsidiaries with good performance will be rewarded with options according to their performance.

The specific reward and punishment rules will be announced on the group's website within three days.

Similarly, the group's executive team and the core executives of the subsidiaries, that is, you, will also receive option rewards from the group."

Option rewards are the core of Seibu Group's management reform.

In the era of Yoshiaki Tsutsumi, he regarded employees as slaves and never considered giving equity to company executives, let alone employees with outstanding contributions.

Xu Liang is very clear about the principle of "many hands make light work". Making the pie bigger is much more profitable than being a miser.

As soon as he finished speaking, everyone's faces showed excitement and joy.

"President, can we also get the group's options?" Bai Shanjin's tone was full of expectation.

"Of course. The group and the five subsidiaries belong to the same group. Of course, you have the opportunity to get the group's options." Xu Liang said.

There are business dealings between subsidiaries. If they are too clearly divided, the group will lose its meaning.

Allowing the executives of subsidiaries to obtain the group's equity is to break down barriers and bring the subsidiaries closer together through interest bundling.

After briefly explaining the group's 'option reward and punishment clauses', Xu Liang continued.

"After selling Seibu Sogo Department Store, the group not only got rid of a heavy financial burden, but also reduced a large part of its business.

The group's five major subsidiaries.

Not to mention Seibu Bus and Seibu Railway, public utility companies, their growth and development are relatively restricted by policies. Next, focus on stability.

Muji and Yoshinoya, while continuing to consolidate the Japanese market, are accelerating their deployment in first- and second-tier cities in China. My request to you is very simple. In the next three years, you must open 300 branches each in China.

All direct sales are required.

In terms of dishes, in addition to the existing traditional dishes, we must actively develop more new dishes based on the tastes of Chinese people.

I will inspect your branches in China at any time. If you are not satisfied, don’t blame me for being rude. "

Seeing the oppressive eyes of the big boss, Yokoyama Masaya and Yoshinoya Saito Eisuke felt the pressure in their hearts increase sharply.

"We will do our best to do a good job for the company in accordance with your requirements, Chairman."

"I'm waiting to see how you perform."

Xu Liang turned his eyes and looked at Qiu Shanyan.

The latter subconsciously avoided his eyes and did not dare to look directly.

Xu Liang's majestic physique, coupled with the aura he had developed from being in a high position for many years, was too oppressive when he was condescending.

"Akiyama-kun, did you see the email I sent you?"

Akiyama Yan nodded quickly, "President, I have produced an integration report of the Goodwood Garden Hotel Group as per your request."

Li Jinling stepped forward and took the report from his hand and handed it to Xu Liang.

After a simple flip.

"Please give everyone a brief introduction first."

"Yes. ...Prince Hotel Group and Goodwood Garden Hotel Group have officially reorganized into the 'Seibu Hotel Group'.

The business is divided into three segments: business hotels, resorts and theme parks.

In terms of business hotels, it owns a luxury select brand "Prince Gallery" hotel.

In the next 3 to 5 years, we plan to build a ‘Prince Gallery’ hotel in Osaka, Xiangjiang, Singapore, Beijing, Shanghai, Pengcheng, Yangcheng, Wuchang and Chengdu.

Increase the number of 'Luxury Collection' hotels under the group to 10.

It owns the ‘luxury five-star’ hotel brands ‘Royal Prince’ and ‘Goodwood Park’.

The two brands have 7 and 26 hotels around the world respectively. In the next five years, we plan to develop the two hotel brands into major cities around the world through mergers, acquisitions and new construction, with the number exceeding 60.

It has a brand of "Four Star" and "Grand Prince Hotel" and 13 hotels under it.

It has two brands, 'Three Star', 'Prince Hotel' and 'Taihua Hotel', with 15 and 29 branches respectively.

It owns the express hotel brand ‘Smart Prince Hotel’, which has 32 branches.

In the next three to five years, we will increase the number of four-star ‘Grand Prince Hotels’ to 50.

Increase the number of ‘three-star’ Prince Hotels and Taihua Hotels to 100.

Increase the number of express-class ‘Smart Prince Hotels’ to 500. In addition, the operation strategy of ‘Smart Prince Hotel’ has been changed, giving up direct-operated properties and focusing on franchising.

In terms of resorts, the group currently owns 23 resorts including Karuizawa Resort and Akasaka Resort.

In the future, we will develop into Southeast Asia and China, and increase the number of ‘Prince Resorts’ to 30 within five years.

In terms of theme parks, the group owns two: Seibu-en and Toshima-en.

Because the two companies have been established for too long and their equipment is seriously aging, we plan to invest in reconstruction.

And actively explore the business model of theme parks in the new era, combine high-quality IP, and actively create high-quality entertainment projects..."

Akiyama Yan's report was very long, and he obviously put a lot of effort into it.