A standard funeral.
Most likely because they felt humiliated by the mere $500 inheritance , few of Paul Getty's relatives were seen at his funeral. Even those who came were young third- and fourth-generation family members.
It was as if all the glory and achievements were taken into the coffin together. People did not care too much about it. They just watched the joke and paid a little attention to the Getty family members, talking about them as jokes and saying how failed the parent was.
This is the truth.
Han Chudong has no descendants yet, but he doesn't want the same kind of secret laughter to fill his funeral when he's lying in his coffin.
An old man came up to Han Chudong and said with a smile on his face: "Don't be so serious. When you reach our age, you will know that funerals are more like a social occasion for the elderly. Everyone will have such a day, right?"
I looked sideways and realized I didn't recognize the other person.
Out of politeness, Han Chudong said, "I rarely attend funerals. This kind of atmosphere makes me uncomfortable and reminds me of death."
"How old are you? You're just a little guy. If nothing unexpected happens, you can still live for another fifty or even sixty years. But I'm already seventy-seven years old, and the soil has already buried me here." While the white old man was speaking, he placed his hand across his forehead.
The watch is the same model as the one on Han Chudong's hand, Patek Philippe 2499 platinum model. The one on Han Chudong's hand was bought directly from Patek Philippe for US$400,000. Only two pieces were produced at the beginning, but he unexpectedly saw another one. This shows that the old man should be very wealthy.
Given her age, there was no way to say anything to comfort her, so Han Chudong could only say, "Life is like this, generation after generation. I envy you for having experienced so many famous events in history."
"That's true, but unfortunately our good times are over. By the way, my name is Belle Forde, the CEO of Lehman Brothers, and I also hold some shares of Baofeng Electric."
"I know that Lehman Brothers is very large, and we may have the opportunity to continue our cooperation in the future." Han Chudong pretended to understand, but he was indeed familiar with Lehman Brothers. In addition to becoming the sixth largest shareholder when Baofeng Electric went public in November last year, they also invested more than 10 million US dollars in Mason Private Equity Fund.
It seems to be the case. He has not paid attention to the smooth-sailing Mason Private Equity Fund for some time, so he is not sure whether Lehman Brothers continued to invest in Mason Private Equity.
Speaking of the increasingly large Mason Private Equity, it is really worry-free. Every time after raising funds, the only thing Han Chudong does is to tell his subordinates which company's stock to buy. Unknowingly, its shareholding in Walmart has reached 16%, and it has also become one of the three largest shareholders of Boeing and KFC, with shares no less than 10%.
The regrettable thing is that a large portion of the assets belong to investors, and only a small portion belongs to Han Chudong. However, as the scale of private equity funds grows, the management fees alone can receive a lot of money every year. The performance is there, and it is basically no problem to raise 300 to 500 million US dollars at one time. It is not that he is begging investors to invest, but potential investors are actively vying for shares, treating Han Chudong as another Wall Street tycoon.
The CEO of Lehman Brothers, named Belle Forde, stood beside Han Chudong and continued, "In fact, there is indeed an opportunity for cooperation recently. I heard that you are planning to list Rainbow Beauty Group. If you let us run it, the handling fee will definitely be lower than any other peer, and we can also guarantee that the stock price will be at a high level after listing."
"Going public? No, no, no, this is fake news without any basis. I still have no intention of going public with any of the companies in the short term. Their financial conditions are all healthy."
"Then why is there news that Rainbow Beauty will make a big move in the near future? This news has already spread all over Wall Street."
"Mr. Fuld, maybe they are talking about my plan to issue some corporate bonds. You are really well-informed. I just discussed it with the people from the American investment bank department, and you found out about it."
Belle Forde was obviously disappointed, but he still said, "Lehman Brothers helped Tokyo enter the U.S. and European dollar markets, issued the first dollar bonds for Malaysia and the Philippines, and underwrote the first dollar bonds for the Asian Development Bank. We still maintain close ties with these official organizations. If you want to issue corporate bonds, you can definitely find us. In fact, it is very likely that Lehman Brothers alone will have the hope of buying all your bonds. Who can not believe in your credibility?"
"Coincidentally, Bank of America also told me the same thing. If you can give me a lower offer, maybe we can have a detailed discussion. I plan to raise about 500 million US dollars. When I want to go public one day, we can discuss it in detail."
Han Chudong's total debt is only 13.7% of his total assets.
In the beginning, we liked to borrow money for development. Later, as the cash flow was relatively abundant, we just wanted to repay old debts with new ones, so we borrowed from Citibank, Bank of America and UBS respectively. Compared with that little interest, the profit was undoubtedly much greater, and we definitely made a profit.
With this debt ratio, his and his company's credit was incredibly good. Bank of America was not afraid that he would not be able to repay the money, so they were naturally willing to lend him another huge sum of money. Therefore, cooperation with Lehman Brothers was dispensable and they did not take it seriously.
He felt that there was nothing wrong in not having reasons to cooperate, but it was not worth it to offend anyone, so he had a smile on his face and spoke in a very calm tone.
Belle Forde also wanted to become a creditor of Mason United Group. He had no doubt that Bank of America would make the decision to take $500 million in corporate bonds. After a brief consideration, he said, "Please take my business card. How about having dinner together tonight or tomorrow? I need to wait until I have discussed it with the board of directors before I can tell you what the bottom price is. Anyway, it will definitely be lower than Bank of America. They have always been ruthless, so they have grown so fast."
There is no wrong version in the 1619 book forum!
Even throwing dirty water on competitors made Han Chudong a little excited. He nodded with a smile, and while accepting the business card, he also handed over his own business card and replied, "I have plans tonight, and I should be free tomorrow night. We can make an appointment to meet then. Maybe we can go to the restaurant I just bought in Beverly Hills, called Spago, which has two Michelin stars."
"Haha, your business is really extensive. I'm always available. It's up to you whenever you have time!"
Is the CEO of Lehman Brothers really that free?
Definitely not.
Because it was early winter, Belle Forde decided to stay in Los Angeles for a day or two...
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