Rebirth of the Financial Crisis Sweeping the World

This time the investment company also raised funds through multiple funds under the Wang Venture Capital Foundation. Like Facebook, the shareholdings are diversified.

After this financing, Wang Guanxi’s No. 1 Fund has US$1.7 billion left.

Subsequently, Wang Guanxi appointed Mark Zucker and Peter Thiel as directors of the Crown Charitable Foundation.

The two of them accepted it readily.

Mark Zucker asked: Wang, Ford Motor Company, Macy's Department Store, Fifth Third Bank, Huntington Bank, Silicon Valley Bank, East West Bank, Bank of Hawaii, Hawaiian Airlines, do you control them all with charitable foundations?

Wang Guanxi nodded: Yes, I use my charitable foundation to control these companies. From now on, the company's annual dividends will not need to pay taxes, and there will be no need to pay taxes when selling stocks. My charitable foundation's annual investment income, There is no need to pay taxes, just 5% of the total expenditure every year will be enough. This 5% of expenditure can always pay for my private jet, the construction cost of my private island, the membership expenses of the foundation... in short, everything you can think of Yes, I can also pay the salaries of you two directors, or donate gifts to Facebook employees'

Mark Zucker laughed and said: That's okay. In the future, Facebook can donate 10% of its profits to the Crown Charity Foundation. Then you can donate the money to Facebook. This can also avoid some taxes. Maybe you can You can donate some money to the Facebook company, and then we will donate it back to the Crown Charitable Foundation, so that your foundation can be tax-deductible, and my Facebook company can also deduct part of the tax.

Wang Guan smiled and said: Okay, this is no problem.

Peter Thiel on the side couldn't help but said: This foundation is only a game played by the rich. The capital gains tax and inheritance tax in the United States are so damn high.

The best way to avoid inheritance tax, capital gains tax, and various taxes is to establish a charitable foundation. However, the operating cost of a foundation is high. It requires hiring lawyers and accountants to do various accounts, and it also requires hiring various Operations team.

In the United States, foundations can only be afforded by the rich.

For example, if a US$100 million foundation made US$5 million in investment income last year, it would still have to pay taxes if it did not donate 5% of its total assets.

Of course, if the foundation loses money, it does not need to pay taxes.

However, many foundations in the United States will lose money if they are not managed well.

Lawyer fees, accountant fees, and various member expenses are not small.

He didn't have any foundation himself. Because of trouble, he once sold the PayPal company and got a large sum of money, but the US tax bureau charged him with a 20% capital gains tax.

Wang Guanxi smiled and said: Yes, only the rich are eligible to play in this foundation. The poor have no money and cannot pay much taxes, but the middle class have to pay a lot of taxes.

Peter Thiel: There is a strange phenomenon in the United States. The rich support high inheritance taxes. The higher the tax, the better, while the poor are opposed to inheritance taxes. As a result, the middle class has become a victim. The middle class has no money and cannot play. If you want to transfer wealth to a foundation, you can only pay inheritance tax. My grandfather was a farmer. Because my father had no money and could not afford the high inheritance tax, he had to borrow money to pay the inheritance tax and then sell the farm. .”

In the United States, only Americans need to pay taxes when investing in stocks. Non-Americans do not need to pay taxes when making money by investing in stocks.

God cannot stand such high estate taxes and capital gains taxes. The Taxation Bureau should be abolished. There is no statute in the U.S. Constitution that stipulates that the Taxation Bureau is qualified to collect taxes. The United States has strayed further and further away from God.

Peter Thiel personally hates high estate taxes and capital gains taxes, which only target the poor and middle class.

Rich people do not need to pay taxes at all when they set up charitable foundations or offshore hedge funds.

The middle class and poor Americans cannot set up offshore hedge funds.

Offshore companies, make money by stock trading, pay taxes, run a business to make money, pay taxes, pass on wealth, pay taxes.

Markzak is an atheist. He said with a serious expression: There is no so-called God in this world, only death and taxes. Although I am a Jew, I am an atheist.

Peter Thiel is a theist, a conservative in the United States, and a right-wing group. He asked: You are a Jew and you don't believe in the existence of the Creator?

Mark Zucker is an American liberal and leftist group. He said: I believe that there is a creator in this universe, but it is not the creator you think. Just as Nietzsche said in his works, God is dead!

Peter Thiel retorted: God has always been there. Nietzsche's statement that God is dead actually refers to the moral decay of Europeans and their departure from God, just like the United States today.

The two immediately began to debate. This was a conflict of values ​​between American liberals and conservatives.

Wang Guanxi said: Okay, you two, let's discuss something else.

The two finally stopped arguing.

Then Wang Guanxi called to arrange for Ma Zai and technicians to enter the company.

This time Wang Guanxi is a partner of the company, so Ma Zai is arranged to serve as director and vice president, and Ma Zai's ponies come in as senior coders.

Technicians were transferred from Twitter and WhatsApp, executives were transferred from Silicon Valley Bank, and a sales department was set up.

When the company goes public in the future, with a market value of up to US$80 billion, Peter Thiel's team may sell off a lot of stocks.

Wang Guanxi holds 33% of the shares. After several rounds of financing in the future, after the listing, he should still have more than 20% of the shares, and the value will be up to more than 16 billion US dollars by then.

US$200 million became US$16 billion, an increase of 80 times. It was a very good investment.

Moreover, this company is also a unicorn big data company, one of the top in the world, and Wang Guanxi also has management rights as a partner, holding 33% of the shares. These stocks include Class A shares and some Class B shares, with voting rights. The total is 25%.

At the same time, Wang Guanxi asked executives from Ford Motor Company, Macy's Department Store, East West Bank, Silicon Valley Bank, Bank of Hawaii, and Hawaiian Airlines to come to the company to discuss orders.

On April 30, Ford Motor Company CEO Alan Mulally came to San Francisco in person. After inspecting the company, he gave the company a large contract.

In the future, Ford Motor Co. will use the company's software to improve production efficiency and identify potential safety hazards.

Peter Thiel said excitedly: Mr. Wang, Mr. Mulally, it's a pleasure to cooperate.

Everyone shook hands and found a place to drink coffee.

Because of Ford Motor Company's drastic reforms and layoffs, it finally breathed a sigh of relief and was saved from bankruptcy.

Chrysler, one of the three major auto giants in the United States, finally went bankrupt.

U.S. President Obama announced that Chrysler will officially go bankrupt on April 30, U.S. time. It will be taken over by the U.S. government and Fiat. According to Chapter 11 bankruptcy procedures in the U.S. Bankruptcy Code, Chrysler will file for bankruptcy protection.

A new board of directors will be established after Chrysler's bankruptcy. Existing shareholders, including Daimler Group, expect that their investments may be lost in the restructuring.

At the same time, Chrysler officially announced a global strategic alliance with Italian Fiat.

The agreement reached between the UAW and Chrysler stipulates that the UAW will ultimately own 55% of the reorganized Chrysler.

Fiat will eventually own 35% of the reorganized Chrysler, with the U.S. government and Chrysler's guaranteed lenders jointly holding the remaining 10%.

The possibility of bankruptcy and reorganization of General Motors, the largest automobile company in the United States, is increasing.

When Chrysler collapsed, many people worried that GM would be next.

General Motors unveiled a revised turnaround plan.

Under this plan, the U.S. government will become the majority shareholder of General Motors, and General Motors will receive another $11.6 billion in federal bailout.

The plan includes a debt-for-equity swap plan. GM will replace $27 billion in outstanding bonds through a debt-for-equity swap to obtain from the U.S. government. The network is cutting support for projects by half and gradually abandoning projects for car brands such as Pontiac.

Under the debt-for-equity plan, GM will ask the federal government to hold more than 50% of its common stock to offset approximately $10 billion in government aid loans.

Ask the United Auto Workers to convert at least 50% of the $20 billion in health care premiums GM must pay for retired employees starting next year into common stock.

If the federal government and the United Auto Workers agree, they will hold a combined 89% stake in GM.

Bond holders can hold a total of 10% of GM's equity through debt-for-equity swap. In addition, the debt-for-equity swap will also extremely dilute the shares of existing shareholders, whose shares will eventually shrink to 1%, meaning that all of General Motors' common equity will be lost.

Two of the three major American car companies were destroyed, but Ford Motor Company came back to life. This is inseparable from Alan Mulally's efforts to turn the tide.

Now Ford Motor Company's financial statements for the first quarter of 2009 have also been released.

Debt was reduced from $236.8 billion to $219.6 billion.

Assets also dropped to $203.1 billion.

Today’s net worth is negative $17.5 billion.

However, in the first quarter of 2009, the film industry's revenue was US$24.39 billion and expenditure was US$25.817 billion, only a loss of US$1.427 billion!

The losses were decreasing, and Avery Mulally said: Boss, according to the current development, Ford Motor Company will achieve profitability in the second quarter of 2009!

If Ford Motor Company continues to operate according to its current model, he is confident that it will become profitable in the second quarter of 2009.

It's not that sales have increased dramatically, but that costs have been significantly reduced.

At present, Ford Motor Company has sold the Volvo brand and got rid of this big burden.

Ford acquired Volvo Car Company from the Swedish Volvo Group in 1999 for US$6.45 billion. In 2000, Volvo Car Sales reached a record high of 422,100 units.

However, with the spread of the global financial crisis in 2008, Volvo Car Company's sales performance declined sharply and it suffered huge losses.

This time Alan Mulally directly sold the Volvo brand.

Wang Guanxi nodded with satisfaction: Very good, let's get rid of all those burdens. I hope to turn Ford Motor Company's assets into a positive number within three years.

Although Ford Motor Company's losses have decreased a lot, Ford Motor Company's current assets are negative $17.5 billion, which is a bit large.

Fortunately, the cash flow is sufficient, so I don’t have to worry about not being able to repay the monthly loan.

Ford Motor Company's stock price has risen to US$6 per share today. Wang Guanxi's No. 1 Fund holds 1.5 billion Class A shares, worth up to US$9 billion.

US$2.7 billion turned into US$9 billion, and there was a surplus of US$6.3 billion on the books. It was really cool.

He plans to sell these 1.5 billion Ford Motor Company Class A shares when Ford Motor Company's assets become positive. It may not be a problem to earn US$10 billion.

At that time, it will be enough to retain the Class B shares that account for 3.3% of Ford Motor Company's share price. The Class B shares that account for 3.3% have 40% of the voting rights. The entire Ford Motor Company is still firmly controlled by Wang Guanxi.

Thinking of this, Wang Guanxi said: Alan Mulally, keep working hard, I will give you the full power!

Ford Motor Company's ability to survive the economic crisis was entirely due to Alan Mulally's efforts to turn the tide.

I have to say that Bill Ford found a good professional manager.

And Wang Guanxi paid a high price to buy 40% of the control of Ford Motor Company from Bill Ford, which was considered a big bargain.

The Crown Charitable Foundation holds 132 million Class B shares of Ford Motor Company, accounting for 3.3% of the shares. These Class B shares have nearly 20 voting rights per share and control 40% of the voice.

Fund No. 1 holds 1.5 billion Class A shares of Ford Motor Company, with one vote per share and 23.2% of the voice.

Together they control 63.2% of Ford Motor Company’s voice!

When Wang Guanxi appointed Alan Mulally as CEO, he also served as chairman. He took drastic measures at Ford Motor Company and cut off all the baggage that could be cut off.

Yes, boss Eli Mulally thought for a while and said: I plan to move the Asia-Pacific headquarters to mainland China, and then build a production line to produce auto parts for the head office and reduce costs. However, we need to continue to lay off employees and close the factory. Just keep the core production lines in the United States.”

In order to reduce costs, he plans to move a production line to China and Mexico. Factories in North America will continue to be closed.

The production of core technologies and core components is placed in the United States, while secondary components and auto parts are directly packaged and transferred to other countries.

Wang Guanxi nodded: Go ahead and reduce the cost first. The most important thing is to reduce the cost and improve the company's competitiveness. If you want to move the company's production line out, do it as soon as possible. We won't do it. Other car companies will do it.”

In fact, it is not just Ford Motor Company that does this. General Motors and Chrysler Motors will also do this after bankruptcy and reorganization in the future.

Of course, manufacturing companies across the United States have done this, moving most of their production lines out of the United States to avoid high labor costs.

You must know that labor costs in the United States are extremely high, causing huge expenses for the company. General Motors also has the best welfare benefits, but it went bankrupt.

In the future, Ford Motor Company, General Motors Company, and Chrysler Motor Company will basically move their middle and lower production lines of automobiles away from the United States.

This has led to a series of unemployment and decline in the local automobile industry, such as Detroit, which is the largest city in Michigan, USA. This city was once a prosperous automobile city, where the headquarters of the three major American automobile companies, General Motors, Ford, and Chrysler, were gathered here. , let the automobile manufacturing industry around the world worship it. However, on December 3, 2013, this once-famous automobile city officially declared bankruptcy and suddenly changed from the richest city in the United States to the poorest city in the United States.

But there is no way. Labor costs in the United States are too high. In order to survive, compete, and increase profits, automobile companies have to move their production lines to other countries.

Basically, the entire mid- to low-end production lines of the American manufacturing industry have moved away from the United States.

Most of the mid-to-low-end industrial demand products in the United States are supplied by China. The low cost of coastal workers in China has replaced the high costs in the United States.

The future unemployment rate in the United States will be extremely high. For example, the once prosperous city of Detroit has declined directly into the poorest city and has become a ghost town. The unemployment rate is extremely high, the crime rate is extremely high, and no one wants the houses given away.

The city of Detroit is just a microcosm of a city in the United States.

In the future, toilet paper, screws, clothes, washing powder, various industrial supplies and daily necessities used by Americans will all be produced in the coastal areas of China.

From China's huge imports of industrial products and daily needs, and the huge trade deficit, we can see that the middle and low-end manufacturing industries in the United States have almost disappeared. It is conceivable how high the unemployment rate is in the U.S. manufacturing industry, but This is driven by the general trend. If a company does not move its production lines away from the United States, it will not be able to compete with other companies and will be eliminated.

It’s just the general trend of economic globalization.

Alan Mulally nodded: Okay boss, I will take action immediately!

Then he talked about the specific factories to be relocated, as well as the key areas for future car sales.

Wang Guanxi was very satisfied and began to discuss with Alan Mulally the industrial layout of Ford Motor Company. At the same time, he also created an alliance, including the mid-stream and downstream industries of the automobile industry, and also moved all out of the United States to reduce labor costs and improve The company's competitiveness, while reducing car prices, occupying market share in the automotive industry, and maximizing profits while seizing the market.

You must know that Wang Guanxi and Alan Mulally's plan is not only to move most of Ford Motor Company's production lines, but also to include Ford Motor Company's midstream and downstream suppliers.

We can all work together to reduce costs.

We have also thought about long-term relocation locations, including Mexico and the coastal areas of China.

However, Ford Motor Company and its suppliers moved production lines out, taking away a large number of jobs.

This huge industrial layout plan has also laid the foundation for the future. In the future, the right-wing president of the United States will come to power and force Ford Motor and its suppliers to move their production lines back to the United States. Otherwise, a 30% tariff will be added to each vehicle.

But now Wang Guanxi and Alan Mulally are making an ambitious plan to seize the market and attack competitors, such as General Motors and Toyota Motor Corporation, by moving away from the industrial chain, cutting labor costs, lowering car prices, Tata Motors··

At this time, Wang Guanxi spoke again: Tata Motors of India's Tata consortium is also entering the Chinese mainland automobile market. Ford Motor Company had better seize their automobile market share in China.

Now that Chrysler Motors is bankrupt and General Motors is about to go bankrupt, Ratan Tata and Prince Alwad of Saudi Arabia have shorted the two car companies and must have made a lot of profits.

Ratan Tata previously claimed that he would acquire all the brands owned by Ford Motor Company, and even said that Ford Motor Company would not survive until September this year.

At that time, it will not only slap the Tata consortium in the face, but also seize Tata Motors' market in mainland China.

Yes, boss Alan Mulally said.

After thinking for a while, he said again: Boss, I plan to go to China in person.

At present, Ford Motor Company also has a branch in China, but its sales are not very good. He plans to go there in person to understand for himself.

Wang Guanxi nodded: Go ahead, it's best to build more production lines in mainland China to produce car parts.

The cost of a worker in the United States is several thousand dollars per month, but labor costs in China are very low. American manufacturing companies with a little bit of brains will move their production lines to the coast of China.

Thousands of dollars, that's tens of thousands of yuan in total, and there are a series of costs and expenses.

The cost of recruiting an automobile worker in Shenzhen is very low.

Just like Apple's foundries are all in China, assembled Apple mobile phones and Apple products are sold all over the world.

The entire Apple company is making a lot of money, and its market value is the largest in the world, with a future of up to 2.4 trillion US dollars, which is more than 16 trillion yuan!

Apple has not repatriated the hundreds of billions of dollars it has earned to the United States, nor has it set up a factory in the United States.

The infrastructure in the coastal areas of China is very well built, with developed transportation, convenient transportation, low labor costs, and low transportation costs. Wang Guanxi thought for a while and said: Ford Motor Company's production company can also be located in Shenzhen. It is very convenient to connect to Hong Kong. Whether it is air or sea transportation, it is very cost-effective. Moreover, wherever the economy is developed, there are many middle-class people. The price of Ford Motor Company is not high. Many middle-class people and the bottom class can afford it.

Ford Motor Company's prices range from RMB 90,000 to RMB 300,000, and the more luxurious ones are around RMB 500,000. In a wealthy place like Shenzhen, most people can afford it.

Thinking of this, Wang Guanxi said again: Tata Motors also has a market in mainland China. Let's lower prices uniformly to attack their market share.

In 2008, Ford signed an agreement with India's Tata Company, agreeing to sell the rights to use five brands, including Land Rover, Jaguar, Rover, Daimler and Lanchester, to Tata for US$2.65 billion.

However, Ratan Tata also claimed to buy all the brands of Ford Motor Company, which is simply arrogant.

Okay, boss Alan Mulally nodded. Mobile phone users value re-reading before the subprime mortgage crisis swept across the world for a better user experience.