Soviet Godfather

Vol 5 Chapter 137: Washington lobbying

Peterson returned to the United States to deal with the legal issue of the acquisition of Volkswagen, but this legal issue is not to find a lawyer to consult on small issues such as the acquisition contract. It's about breaking down such big problems.

It is an unfair competition law promulgated by the German government to protect the Volkswagen Group. Perhaps the Germans feel that this will ensure that their industry will not fall into the hands of foreigners, but their ideas are really naive. Peterson will tell the German government in his own way that nothing can stop the Blackstone Group.

Peterson has served in the business sector for many years and has an influence that is not lost to that of Congressmen in politics. After returning to the United States, Peterson rushed to Washington to meet the current Secretary of Commerce. The Department of Commerce is located in the Hoover Building on Constitution Avenue in Washington. Peterson came here within the agreed time, and soon he was taken into the Hoover Building by his subordinates who had been close to him in the past.

Peterson is here today not for other things, but to lobby the Secretary of Commerce to take a series of measures against Volkswagen to prevent them from being sold in the US market. Peterson considers this matter from the perspective of a politician for many years. He believes that an exclusionary treaty like this not only keeps American investors out of the country, but also gives the German auto industry a huge advantage. Under the protection of this law, the American auto industry is simply competing with the German government. Now in the United States, the auto industry is facing a joint squeeze from American and European automakers, and the market share is gradually declining. The role of the auto industry in employment is definitely not negligible by the government.

Peterson quickly reached a preliminary consensus with the Secretary of Commerce, but the Secretary of Commerce also suggested to Peterson that he could communicate this issue with the German side through the U.S. Trade Representative Clayton Ute. And he also promised Peterson that he would give Volkswagen a little color to look at within the scope of his duties.

"Peterson, I heard that your Blackstone has been developing well recently and have been funded by major Wall Street companies?" After talking about the business, the Secretary of Commerce suddenly talked about the development of Blackstone.

"Yes, we accepted investors’ funds! But the way we cooperate is different. We adopt a partnership system. The company’s business direction is still in the hands of me and Schwarzman. I just want to make a financial investment!" Peterson was suddenly excited. He heard that there was something in the other party's words. What did he mean? Why are you paying attention to your own small company for no reason?

"Do you remember my youngest son Larry? He graduated from Dartmouth this year and wants to enter Wall Street to engage in investment work. I know your skills. If you don't mind, I hope you can take him!" The Secretary of Commerce said bluntly. The reason why he dared to make such a direct request was mainly because Peterson was also a member of the officialdom and understood the rules of the officialdom. The secretary of commerce seems to be a good one, but in the United States, the power of the president is very large. If something goes wrong, it is common for cabinet members to come out and top the bill. American politicians are also human, and they must also consider the future for their families. Things, if you throw your son at Goldman Sachs or Morgan Stanley, you will definitely be scolded by the media. On the contrary, Peterson’s Blackstone company is backed by a large consortium, has no worries of its own, and is not very eye-catching. Moreover, with Peterson’s ability, the development of Blackstone is only a matter of time. Putting his youngest son in Blackstone absolutely It is a good place.

Peterson said to the Secretary of Commerce, "Larry, right? I watched him grow up, don't worry! Brother, I won't treat Larry badly!"

After bidding farewell to the Department of Commerce, Peterson rushed to the U.S. Trade Representative's office non-stop. Because the United States and Germany are both members of the General Agreement on Tariffs and Trade, gatt, if the two sides have a trade dispute, the U.S. trade representative must stand up to solve the problem. Speaking of the U.S. trade representative, this position is a bit like an ambassador for an international organization, but because of the key position of trade in economic life, the trade representative actually holds a decisive weight in the president's cabinet.

The U.S. Trade Representative is usually born on Wall Street and American academia, and the current trade representative Clayton Ute is from Wall Street. Peterson had a lot of dealings with him when he was at Lehman Brothers, and the relationship between the two was pretty good. So when Peterson dialed Clayton's private number over the phone, the two first recounted the past, and then got into business.

"Clayton, I want you to do me a little favor! Some friends and I want to invest in the Volkswagen Group in Germany, but the German government has a special plan to prohibit foreign investors from acquiring Volkswagen. I would like to invite you and the German side Communicate and see if there is a way around it?" Peterson asked on the phone.

"You are going to acquire Volkswagen? Who is involved?" Clayton was surprised when he heard Peterson's words. He actually didn't know anything about the acquisition of Volkswagen, who was so courageous!

"We at the Blackstone Group are very interested in the automotive industry, so we united several banks in the United Kingdom and the United States to acquire Volkswagen, but the Germans actually used the law to hinder our normal business activities. I can’t accept it anyway. Clayton, you know how many German cars flow into the American market every year. On the one hand, they are making a lot of our dollars, and when we want a fair competition opportunity, the Germans But the door closed. Clayton, do you think this is fair?" Peterson explained to Clayton on the phone.

"No matter what, I hope you can succeed! If Volkswagen is really acquired by you, are you considering transferring some of the factories to the United States?" Clayton asked again, as an official, no matter what It will be considered in terms of trade surplus and employment, which has become a professional habit.

"Of course, Clayton! If we can get what we want, then I am willing to move the golf production line to the United States. I think that kind of car is simply a nightmare for Japanese cars! A cost-effective car made in the United States, at least 20 Ten thousand job opportunities, if you want to run for Congress, Clayton, I can put this gift in your hometown!" Peterson said nakedly temptation.

"Peterson, you know me too well! Do I still have a reason to refuse? Let the Germans and Japanese go to hell!" Clayton said excitedly. ...

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