Chapter 52 California Consortium

The reason I came to San Francisco this time was not only because of the Yahoo matter.

Milo came here mainly to integrate his shares in those companies here.

Through cross-holdings in some offshore shell companies, Milo avoided a lot of taxes with the advice of a think tank.

Well, it’s a reasonable way to avoid taxes, and he doesn’t feel any guilt at all.

His tricks are nothing compared to some large American companies. He is already a good guy.

He still pays some taxes after all.

There are many multinational companies in the United States, and some of them are even running deficits and losses just to avoid paying taxes or to pay less taxes!

After the integration is completed, Milo will be able to reasonably supervise the affairs of all the companies in his hands.

It prevented him from being deceived or sidelined by professional managers.

This kind of thing has happened before.

The most typical examples are various trust funds.

At first glance, trust funds seem to be very reliable and appear to be able to pass on wealth for a long time.

However, the reality is that since its inception, there has been no trust fund in the world that has maintained no losses for more than ten years.

Usually when the founder of the trust fund dies.

The beneficiaries are often the descendants of the fund settlors.

Few of them have the ability to supervise the fund managers.

However, the vast majority of fund managers are unregulated.

It is easy for them to embezzle and empty the trust fund by various means.

Let the latter suffer losses and eventually go bankrupt.

The truly wealthy people in the United States do not choose trust funds; they use a more advanced version of charitable funds.

Trust funds are something created by financial capital to make everyone lose money.

It is used to eat up the inheritance and wealth of the lower-class rich who are unable to set up charitable funds but have some money.

After this integration is completed, Milo only needs to use trusted people in two or three key positions.

For example, Wendy is an external member trained by the Blackburn family.

Even if Milo becomes a hands-off boss, the think tank composed of family elites can help Milo manage and supervise in a delegated capacity.

Of course, Milo is not that lazy. This is also a preparation for the company's future split or merger into a group, listing and financing.

After all, the capital market is cruel, unless Milo has always relied on his own funds to develop.

Otherwise, financing is inevitable for future expansion, so it is necessary to prepare in advance to prevent malicious acquisitions or usurpation by others.

Of course, it was the subordinates who were busy during these two days.

He just needs to sign some documents or authorizations with the help of his legal team.

Where he is really busy is on other battlefields.

On Malloc Avenue in San Francisco.

Milo's convoy was moving.

"Mr. Wilson is aware of our arrival. The respected Viscount Bruwell said he is waiting for you at Wilson's house in Nob Hill."

In the passenger seat, Wendy whispered to Milo.

Milo nodded and looked out the window, "Edward and the others are here too, right?"

"Yes." Wendy answered honestly.

Edward Wilson is Milo's older cousin and has a good relationship with Paladin.

It should be said...there is no one who has a bad relationship with Paladin.

As long as that person has had contact and interaction with Paladin.

Edward was the brother of Milo's grandmother, Sally Wilson Blackburn, and the grandson of Viscount Schneider Wilson of Bruyne, England.

A few days ago, Milo was attacked, and after calling home, the second call he made was to this cousin.

Later, the cousin said he wanted to meet Milo at his house in Beverly Hills.

But in the end Edward didn't go.

When Milo came to San Francisco this time, Edward's grandfather, Milo's uncle, Schneider Wilson, found out.

The old man invited Milo to visit the Wilson family's house in San Francisco.

"Wendy, guess why Edward didn't come to see me last time."

The convoy passed by a small park halfway up the mountain.

Through the car window, Milo saw that most of the people taking a walk and rest in the park were well-dressed ladies and gentlemen, most of them were holding a long-haired or short-haired puppy, enjoying the sunny California sky together.

This is Huntington Park on Nob Hill in downtown San Francisco.

Compared to the ragged homeless people in Washington Park in North Beach, it's a completely different world.

This is Nob Hill, the highest mountain in downtown San Francisco and the most aristocratic area in the city.

"Maybe he's busy and can't get away?" Wendy could only answer softly.

"Haha..." Milo smiled, "I hope so."

The convoy soon arrived at the wealthy area of ​​Nob Hill, passed through exquisite hotels and churches, and turned into a lush forest.

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We passed by several fenced-in houses and stopped in front of a mansion consisting of a townhouse and a detached house.

Wendy went up to verify her identity.

The gate was quickly opened and cars entered one after another.

The mansion is surrounded by dense woods and is located at the top of Nob Hill. In front of the detached house is a private territory. The mansion covers a large area with lush lawns.

The exterior walls of the semi-detached villas are all white, and the independent annex building is a wooden structure.

Behind the gate, in front of the main entrance of the semi-detached villa.

Milo's blond cousin Edward looked at Milo as he got off the car with a smile on his face.

"Hey, dear Milo, I'm so glad to see you!"

He came up and took the initiative to hug Milo, "You don't know how nervous and scared I was after you got into trouble. I was relieved when I found out that you were fine. I'm sorry, I couldn't see you that night because of some unexpected events. I'm very sorry..."

"No, don't say that." Milo interrupted his cousin's enthusiasm with a smile, "It's okay, Edward. Really, I'm fine. By the way, where is grandpa now? I miss him very much."

grandpa, which means grandfather, means grandfather in English.

English is a phonetic language, and one word represents one meaning.

The pointing is very accurate, but the number of words that need to be remembered and known will continue to increase as new things emerge.

For example, in later generations, the number of English words has reached more than 600,000, and is still increasing at a rate of thousands per year.

In comparison, there are 85,568 Chinese characters included in the "Hua Xia Zi Hai".

English is lazy when it comes to addressing relatives.

No matter uncles or aunts, no matter cousins.

An uncle can do it.

Grandpa and grandfather, a grandpa or grandfather can do it.

Viscount Bruvie is Milo's uncle.

In English, it is the same as grandfather and grandfather-in-law.

"Grandfather is in the yard. He has been waiting for you for a long time. Come on, let's go see him quickly. Sally and Anna are here too." Edward said with a smile.

"Then what are you waiting for?"

So Edward led the way, and Milo's entourage, including Wendy, was left behind.

Milo and Edward walked together to the garden behind the Wilson townhouse, which was part of the top of Nob Hill.

In 1878, the first cable car was built up to the hillside.

Two tycoons who became rich from the gold rush and four tycoons who became rich from the Pacific Railroad built magnificent mansions on this mountain.

Later, this place became a gathering place for San Francisco's top wealthy people, which gave the place its name.

Among those six wealthy people, one was Edward's ancestor.

These six wealthy people later joined together to form a trust.

Now Americans call this trust the California Consortium.

(End of this chapter)