My Age of Investment

   Chapter 1254 AIG Asia

   Xia Jingxing made so much money, so naturally he would not treat his subordinates badly.

   On the basis of the reward plan submitted by the human resources administration department, he personally drew up a reward plan, focusing on rewarding five executives, Liu Hai, Jiang Ping, Abel, Li Yaozu, and Ye Shuhui, who made great contributions to the company.

   Among them, Jiang Ping’s investment performance is the best, and he deserves the highest reward, 400 million US dollars.

   Two years ago, Jiang Ping had achieved the goal of annual income of hundreds of millions of dollars and was successfully selected as one of the top 100 traders in the world.

The   $400 million reward is not particularly exaggerated compared to the more than $40 billion he earned for the company.

   But for pure professional managers, getting such high rewards, even on Wall Street, is rare.

  At the same time, Jiang Ping was also appointed as the first managing director of Vision Capital, MD, responsible for overseeing all the hedge funds of Vision Capital around the world.

   If he is promoted one level higher, he will be the top partner, who does not enjoy the shares of Vision Capital, but enjoys the dividends of the entire hedge fund department.

  Liu Hai and Li Yaozu also performed well. They each created nearly 30 billion US dollars in profit for the company, so they each received 300 million US dollars in rewards.

   Ye Shuhui's qualifications are relatively low, and the Hong Kong Island office only made a profit of 8 billion US dollars, so only 80 million US dollars were awarded.

  Although the FOF managed by Abel has only generated 500 million US dollars in revenue for the company, and the revenue share has not yet been obtained, but the various logistical work of fundraising and fire extinguishing has been done well, so he received a 50 million US dollar reward.

  The five executives received a total of 1.13 billion US dollars in incentives, and another 870 million US dollars were awarded to four or five hundred employees distributed in various offices around the world, with an average award of about 2 million US dollars.

   In fact, the rewards for middle-level executives are far more than this amount. It is normal for them to be several million dollars or tens of millions of dollars.

   In a sense, this award from Envision Capital is comparable to the IPO of a major Internet company, realizing the creation of wealth for all employees!

   Actually, this reward is really not much.

  The industry rule is to reward fund managers for 10%-20% of the company's profits.

  Envision Capital received US$26 billion in management fees and revenue sharing from external LPs, and the corresponding rewards that should be issued are US$2.6 billion to US$5.2 billion.

   However, considering that Xia Jingxing has worked diligently for nearly three years, this achievement is inseparable from his various micro-manipulations, so it is very interesting to issue a reward of 2 billion US dollars.

  The whole company is up and down, and overall they are quite satisfied.

  …………

  …………

   "Brother Qiang, how much bonus did you get this time? Shouldn't it be a treat?"

   Hou Xiaoqiang just walked out of No. 40 Wall Street Building, and behind him followed four or five young Chinese, both men and women, all of them were mainland students who had just graduated.

   Hou Xiaoqiang saw that they were all interns in the same group, and they were all from the mainland, so he stopped and chatted with them with a smile.

   "There are not many rewards, just hundreds of thousands, and even the company's average has not reached."

  Although Hou Xiaoqiang behaved very modestly, he also surprised the group of interns who had just come to the company.

   Hundreds of thousands, although the currency unit is not mentioned, but it is definitely not RMB.

   Such a high bonus is still average.

  What should the average be? How much should executive bonuses be?

   A group of people were stunned.

   A good-looking girl asked in a low voice, "Brother Qiang, I heard from the group next door that their VP has received millions of dollars in bonuses, is this true?"

   Hou Xiaoqiang smiled, "I don't know about other groups, but our group's VP bonus is eight figures."

   Everyone exclaimed again, you must know that the vice president of VP is only the middle management of Envision Capital, but the bonus he received is comparable to some working emperors.

   A few young people who just came to Wall Street felt that a door to a new world had been opened, and they hurriedly pestered Hou Xiaoqiang to continue asking questions.

   Looking at this group of hairy boys and girls, Hou Xiaoqiang seemed to see himself more than a year ago.

   At that time, he had just joined Vision Capital, and he was only a low-level analyst, and he had no chance of getting bonuses. He could only watch the key employees and junior leaders with envy and discuss how much bonuses they had received.

After   , he worked hard and was finally promoted to manager not long ago.

   Said to be a manager, but in fact he is still a low-level employee, unable to manage the team, at most with interns.

   But the changes are still huge, and he now has the opportunity to share the prize.

   He remembered very clearly that at that time, senior managers could only get a few hundred thousand dollars in bonuses, and vice presidents could only get a few million bonuses.

   And this time his manager-level employees can get hundreds of thousands of dollars in bonuses.

What does    indicate? It shows that the bonuses issued by the company this time are several times more than the last time.

   How lucky to be able to work at Vision Capital!

   Hou Xiaoqiang sighed in his heart that he suddenly thought of his classmate who worked at Goldman Sachs.

  Although that brother was lucky, he was not laid off during the financial crisis, but the bonus is basically forgotten, and the basic annual salary is only 50,000 to 60,000 US dollars.

   The bonus he got is worth the basic salary of his classmates for nearly ten years.

  Although it has not reached the average level of the company, it has reached the average level of Wall Street.

  Before the financial crisis, the average annual salary of Wall Street practitioners was $300,000.

   But the average starting salary of a student from a famous school who has just entered an investment bank is only tens of thousands of dollars, and they have a chance to reach the average level after ten years of hard work.

   The reason why the median and the average are so different is that the income of the bosses standing at the top of the pyramid is too high and the average is too high.

   This is basically the same as the bonus situation issued by Vision Capital.

   Hou Xiaoqiang secretly vowed in his heart that he must be promoted to VP as soon as possible.

   Only by becoming a VP can you become the backbone of the company, and your income can reach above the company's average.

   His previous goal was to reach the Wall Street average in ten years.

   Now he has achieved this goal in more than a year, forcing him to raise his own requirements and establish lofty ideals.

  …………

  …………

   "Daren, sit down, I thought you made a lot of money and forgot about old friends."

   As soon as Xia Jingxing came to Blankevan's office, he was warmly greeted by the other party and sat down on the guest sofa.

   "How can I forget old friends, forget old friends, and can't forget that I still owe Goldman Sachs a huge sum of money!"

   Blankfein waved his hand quickly, "That little money can be paid anytime, or not."

  Xia Jingxing was stunned for a moment, and then he joked: "You want to forgive me the debt?"

   Blankfein showed a fox-like smile, "Of course you can! Debt-for-equity swap is fine!"

  Xia Jingxing laughed out loud, the old man in front of him really knew how to do business, and he dared to focus on the golden rooster that lays eggs!

   Blankfein smiled and spread his hands, "Don't take it seriously, it's just a joke with you! We Goldman Sachs don't have much heart, we just hope to cooperate more with Vision Capital in the future."

   "Of course, we are the most indestructible allies!"

   Blankfein smiled, "That's right, the two of us join forces, and the global capital market can be freely vertical and horizontal."

  Commercial praised each other, Xia Jingxing talked about the serious business: "I borrowed a loan of 2.7 billion US dollars from you before, and now I will pay you back the principal and interest in one lump sum.

  Thank you very much for the help Goldman Sachs provided us. In the future, our financing business will continue to trouble you. "

   Seeing that Xia Jingxing was determined to repay the money, Blankfein didn't say anything to renew the loan, nodded and said "Okay".

  Xia Jingxing had previously borrowed two syndicated loans from banks headed by Goldman Sachs, sold S fund shares to repay once, and later borrowed 5 billion US dollars, and owed a total of 5.4 billion US dollars.

   But this business is still split in half according to the old rules, Goldman Sachs and Morgan Stanley each have half.

   Now that he has money in his hand, he will naturally repay the loan that has pledged his personal equity assets.

   He is not so afraid of Goldman Sachs' sudden loan withdrawal. All of its businesses are growing steadily. Even if there is a financing need in the future, he will choose to raise financing in the name of the company.

  Under normal circumstances, he himself would hardly put himself in danger as before, and would put most of his net worth on loans.

   After talking about the loan repayment, Xia Jingxing suddenly said, "AIG Asia's affairs have been going on for so long, shouldn't there be an explanation?"

   Blankfein scratched his bald forehead, sighed and said, "Daren, something went wrong."

   Seeing Xia Jingxing's face that collapsed quickly, Blankfein immediately added: "But it's not that there are no remedial measures, the key is how much you are willing to pay for it."

   Make up the chapter I owe yesterday.

   (end of this chapter)