Chapter 365: Give Him a Taste of His Own

In online novels, the losing party in a business war is always acquired, but in reality, being acquired is usually not a bad thing.

Especially for the Jude people.

What they are best at is to parasitize large companies after being acquired, and then through operations, take over the companies, just as they do in many countries.

For example, Ali Emanuel’s Endeavor was acquired by WMA (William Morris Agency), which was previously the largest agency in the world.

Yes, this nominal merger was actually WMA's acquisition of Emanuel's Endeavor.

WMA has a very long history. It was founded before the emergence of professional film actors. At that time, the company mainly negotiated contracts for circus performers.

Ten years ago, this company, which had been established for more than 120 years, was pulled down from the throne of the world's number one agency by CAA.

In order to meet the challenge from CAA, the WMA board of directors decided to acquire the younger and more dynamic Endeavor to make up for its own management shortcomings.

In fact, it was Ali Emmanuel’s hidden line who proposed this plan in the WMA board of directors.

Chairman and CEO Jim Wyatt was also not wary, and was deceived by Ali Emanuel's obedient performance. He thought it would be a good idea to have such a capable person to help him manage the business.

Surprisingly, during the initial negotiations at the merger, he agreed to Ali Emmanuel's request to replace the managers of the core business departments.

As a result, less than a month after the merger, Ali Emmanuel launched a coup. After replacing the heads of the business departments, the people of Endeavor began to quickly isolate Jim Viat and refused to implement any of Jim Viat's resolutions, causing Jim Viat to completely lose his prestige in front of the board of directors.

At the same time, Ali Emmanuel also began to pressure the board of directors, forcing the board to choose between him and Jim Wyatt. If they did not agree, the merger would be invalidated, and he would take away the remaining business of WMA and set up another company.

Most of these companies with a very long history, even if they are not listed companies, do not have a truly major shareholder, but are jointly controlled by multiple institutions.

After Ali Emanuel promised these institutions a more ambitious blueprint, the board members of these institutions stationed at WMA ultimately had no choice but to support Ali Emanuel.

In the end, Jim Wyatt had no choice but to leave in disgrace.

Ali Emanuel, on the other hand, achieved a classic example of a snake swallowing an elephant, where the acquired party eats up the acquirer.

Reversals of acquisition and being acquired like this are not uncommon in business cases, and almost every one of them is a legend.

Most of these legendary stories are plausible, and the key points are never what are made public, and there are a lot of inside stories that others don’t know.

For example, Fang Yu once heard of a case in which a certain North Vietnamese arms company swallowed up an arms company from a neighboring country decades ago and thus became an international company.

This case was included in Harvard business textbooks, which exaggerated the decisions made at that time.

But later in class, Fang Yu learned from a professor who loved gossip that the elephant was acquired because the little snake's father-in-law was the country's prime minister at the time.

Of course, if you want to swallow an elephant, there is another prerequisite, that is, the other party's equity is very dispersed and there is no absolute controlling shareholder.

BlackRock also has no absolute controlling shareholder. The largest shareholder is currently PNC, which now holds less than 21% of the shares.

These 21% of shares are non-circulating shares, and the remaining 79% are circulating shares.

Of these 79 percent of shares, 80 percent are in the hands of institutional investors.

For example, Vanguard holds 6% of the shares, State Street holds less than 5% of the shares, and Fidelity and Wellington hold less than 4% of the shares...

The best part is that under pressure from the Jude Group, PNC, which is not part of the Jude Group system, was forced to gradually withdraw from BlackRock.

Bill Demchak, one of BlackRock's 18 directors and chairman and CEO of PNC, has promised at the BlackRock board of directors that he will transfer all his shares to the Jude Group within four years.

But recently, due to the impact of the Alcatraz incident, the situation seems to have changed a bit.

As the representative of old white men, Bill Demchak, the dark prince of PNC who created the financial crisis eight years ago, obviously does not want to give up this once-in-a-lifetime opportunity to strike back at the Jude Consortium.

He is currently arguing with the Jude Group in the board of directors and is unwilling to give up BlackRock's shares so easily.

Dispersed equity, no controlling shareholder, infighting in the board of directors, high-quality assets...

BlackRock, a perfect target for possession.

If Fang Yu just wanted to destroy BlackRock, he could do it now.

It's nothing more than a two-pronged approach: kill the leader and then use grapefruit to destroy the Aladdin system, and BlackRock will be finished.

But there are two problems with this approach.

First, killing one thousand enemies will only result in eight hundred casualties of one's own. BlackRock has become the infrastructure of the global financial industry. The destruction of this infrastructure may even cause a chain reaction of fatal blows to the global economy.

Under the current global economic situation, it may trigger the most significant economic crisis in human history.

In the era of economic globalization, no one can remain immune. There are countless innocent people whose families will be broken up and whose lives will be ruined by the chain reaction of the global economy.

Moreover, doing so will also affect the booming Youzi Technology and Ysou.

Second, it’s not exciting or interesting enough.

Compared to completely destroying BlackRock, it is obviously much more interesting to let these parasites watch their most precious assets being taken away by others using the method they are best at.

Treat others as you would like to be treated.

It's not just parasitism that's going to happen to them. Fang Yu plans to do the same to them as they did to others.

——

Room 3926, Manhattan Marriott Marquis.

As soon as John Duy's hand touched Jiang Nanzhen's waist, he felt a burning pain on his face.

“Bang!”

"You don't respect me!"

Jiang Nanzhen crossed her arms to protect her chest, tears seemed to be rolling in her eyes.

"I originally thought you were a good person and treated you as a close friend, but I didn't expect you just wanted to..."

John Duy, the Nth-generation ancestor who was so powerful outside and had been licked by women since he was a child, covered his red cheeks from being beaten by Jiang Nanzhen, feeling both surprised and terrified.

What surprised him was that he was beaten by a woman, and a woman from the Great Zhou Dynasty at that.

I was worried, was I being too impatient? I should have given her more time, at least until she actually started working...

But the question is, if you don't agree, why did you let me into the room? It's already 10 o'clock in the evening, everyone should understand what I mean, right?

"Jane, I'm sorry, I-I'm not, it's just that you're so charming."

After John Doe stammered out these words, he wanted to slap himself.

Where have all your sweet words gone?

"I'm too charming? Aha." Jiang Nanzhen smiled sarcastically, staring at John Doe with a pair of fox eyes. "Do you think that just because you gave me a job at BlackRock, you can do whatever you want to me?"

"Let me remind you again, I got this job because of my excellent work ability, not because I needed anyone's 'favor'."

"Or do you think I'm from the Great Zhou family, and all women from the Great Zhou family are EG? Is that right?"

John Doe quickly waved his hands and said, "Just kidding. No matter what he thought in his heart, he would never admit it directly."

"No, no, no, I just misunderstood. I thought it was so late..."

Jiang Nanzhen's face flushed red. "I didn't say yes means no! There's no fuzzy line when it comes to consent! Don't you understand this? I just thought you were talking to me about the offer. How could you do this!?"

"You know what 'invisible barriers' are, right? This is it – giving women job opportunities and then taking the opportunity to make 'relationship requests'. This is a textbook example of 'power imbalance.'"

"John, I'm here because of my ability to work, not to provide you with 'facilitation of pursuit'."

"I never thought that in the year 3062, I would still encounter a pursuit approach that's 'sugar-coated with power'. This really pushed my DEI bottom line. It shows that we women at BlackRock are truly 'systematically oppressed.' I'm really going to reconsider accepting your invitation to join BlackRock!"

"Do you think that women in Blackrock can only be vases? Especially since I'm a woman from the Great Zhou Dynasty, haha."

"You're wrong! No matter where I am, I rely on my own work ability!"

"Your behavior is not only a play on gender, but also directly touches on the pain point of racial prejudice!"

"You really should think about how much 'invisible pressure' your actions put on women and minorities!"

Jiang Nanzhen's scolding almost made John Doe numb.

Invisible barriers, racial prejudice, unequal rights, systematic oppression, invisible pressure...

These are all typical terms for DEI in ESG.

These are actually things produced by the NGOs they fund.

He never imagined that one day he would be criticized with such words.

The one who scolded him was the woman who had attracted him the most since he first dreamed of Yi.

You're just tying yourself up in knots!

Just as John Duy began to feel heartbroken, he saw two lines of disappointed tears flowing from Jiang Nanzhen's eyes, as if she had lost a very important friendship.

"Do you think I'm only mad at you for disrespecting me? No, I'm not."

"Because, John, you disappoint me. Really, really disappoint me."

"I originally thought... Never mind, it's too late to say anything now."

"If you want me to join BlackRock, it's because of this, not my own ability value. Sorry, John, you can notify HR now and stop my offer."

Seeing Jiang Nanzhen's tears, John Dui, who was originally a little resentful, was completely defeated by the tearful face in front of him.

What a pure girl!

I actually thought that just giving him a job at BlackRock would be enough...

What a beast!

I paid back 3000, and there is 5000 left.

(End of this chapter)