America's Road to Fame

Chapter 211 Attacking Paris
John Drey just gave Chen William some suggestions, among which he has already started to act, which is the Kaitlyn Foundation that is being formed, which will be used for charity to gain a good reputation for Chen William.

Another thing is to help the American government stabilize the financial system. The most direct way is to participate in the financing of the banking industry that is currently in turmoil to assist them.

So the first question is which one to choose for investment?Chen William has been thinking about this matter, and the alternatives include Citigroup, Goldman Sachs, Morgan Stanley, etc. Before that, Chen William was more inclined to Citigroup, which is a relatively comprehensive institution, and the current stock price is very low , the most important thing is that he knows that in the future, Citigroup will get out of the predicament and develop well, so this is also a very good time to invest.

But now that Goldman Sachs took the initiative to find him, William Chen also felt that investing in Goldman Sachs was also a good choice. He already had a lot of cooperation with Goldman Sachs, and Goldman Sachs was also a company that lost less in the subprime mortgage crisis. Of course , compared with other investment banks, those investment banks were either acquired or went bankrupt...

The most important thing is that Goldman Sachs has a great influence in the United States. An article once pointed out——

"Goldman Sachs has an unusual tradition of installing a large number of its top executives in government and quasi-government agencies."

If you look at the previous government positions related to the economy in the United States, you can find that Goldman Sachs frequently appears in them, especially the Secretary of the Treasury of the United States. Every few years, a candidate from the Goldman Sachs Group will appear, just like the current Treasury of the United States. Long Paulson is the former CEO of Goldman Sachs, and the power of Goldman Sachs in the United States can be seen.

"We might as well change the way. Goldman Sachs maintains my financing business here. I will invest 100 billion US dollars in you. This will make our relationship closer."

Following William Chen's words, Lloyd showed a thoughtful look on his face. He naturally understood what William Chen meant, but he said with some embarrassment:

"I very much welcome you to join Goldman Sachs, William, but if the investment is 100 billion, I'm afraid the board of directors will worry that the current shareholder structure will be broken."

His worries are also true. The current proportion of Goldman Sachs shareholders is very balanced, which can also make it easier for the management to control the company without too many constraints.

However, if William Chen invests with US$100 billion, according to Goldman Sachs' current stock price, he will reach a shareholding ratio of more than 18%, thus becoming the largest shareholder of Goldman Sachs Group. This will be a challenge to Goldman Sachs' balanced shareholder structure.

"But this condition is far better than Mr. Buffett's, isn't it? If he follows his request, then not only will he suck blood from Goldman Sachs, but he will eventually be able to obtain shares of Goldman Sachs at a low price. My investment, It will actually inject cost-free funds into Goldman Sachs, and it will bring our relationship closer, and it will also allow Goldman Sachs to get more business."

Lloyd also had to admit that William Chen's condition was indeed very tempting at this time. It can be said that it was the best condition that Goldman Sachs could obtain, and he could continue to obtain interest through the financing in his previous acquisition.

At present, the only obstacle is the need for the board of directors to agree to the emergence of a shareholder with a shareholding ratio close to 20%.

"I need to report this matter to the board of directors, and I will try my best to convince them, William."

"Then I am looking forward to your results, Mr. Blankfein, you should understand that even if my shareholding reaches this ratio, it will not affect Goldman Sachs' decision too much, and the benefits are real, and if I can With this cooperation, I can also repay the initial low-interest loan of US$10 billion first, and help Goldman Sachs with practical actions.”

William Chen smiled and said to Lloyd:

"And I don't want to wait too long, because my money will always go to the right partner. If it's not Goldman Sachs, then it may be Citigroup or Morgan Stanley."

Chen William's last words made Lloyd's eyes condense. He understood the meaning of these words. If the relationship with Goldman Sachs could not be deepened, once William Chen reached an investment with other companies, Goldman Sachs would not only lose this. With the precious capital of 100 billion U.S. dollars, William Chen will lose his status as a "partner". His follow-up business will definitely only be given to the investment bank in which he holds shares.

……

Although she told William Chen that she wanted to travel overseas, Paris has really worked hard recently. She has opened HC's fashion franchise stores in [-] of the largest central cities in the United States.

Of course, most of the work is done by the professionals she hired. Paris’s main focus is on New York, Los Angeles and Chicago, the three largest cities in the United States. According to Hua Guo, they are the first-line The city is gone.

HC will ensure that there are no less than 15 brand franchise stores in each of these three cities.

It is also worth mentioning that after Paris launched her own brand of perfume with great success, in addition to the Paris Hilton brand perfume, she also added a perfume series named after her sister Nicky Hilton, and the sales are also very good.

Previously, Paris cooperated with Parlux Fragrances, a perfume company, to launch a perfume. Taking advantage of the subprime mortgage crisis, the company encountered some problems in its operation. The perfume workshop of HC company hired a lot of talents from Parlux Fragrances perfume company. , It also enriches the research and development strength of perfume.

In addition, Paris has withdrawn the brand authorization of handbags and shoes, and is preparing to set up a production line to produce Paris Hilton brand products.

Paris also accepted William Chen's opinion, funded and expanded her shooting team, formed a dedicated HC video production studio, signed a contract with Netflix, and set up a special channel on Netflix to "Pali In the name of "The World Through Stan's Eyes", he will shoot a daily reality show to promote the company's brands.

In the morning, after Paris left the manor to prepare for today's shooting, Alicia came here.

During this time, her most important job was to help William Chen establish a family charity fund.

After coming to the study, she took out the trust fund documents with hundreds of pages, and explained them to William Chen one by one.

The establishment of a family fund is a very complicated matter. There are many clauses to ensure that the fund can continue to operate, and it needs to be set up in detail.

These can also protect the inheritance of family wealth and the lives of their offspring.

Just like Chen William's predecessor at that time, because his parents died unexpectedly too suddenly, there was no time to set up a similar trust fund. Therefore, when Chen William's predecessor inherited the family property, he faced a huge inheritance tax.

If it weren't for the mother's share in the Delray family fund, plus the father's other properties, to help Chen William pay the inheritance tax, I am afraid that Building 666 may not be able to keep.

After Alicia explained all the terms to William Chen, they went to the notary office together, and William Chen signed the document on the spot to justify the document, and then Alicia filed it with the relevant agencies, and the Caitlin Foundation officially established.

Of course, it does not mean that after the establishment of the Kettering Foundation, William Chen can immediately donate all his assets to the foundation to avoid taxation.

Because according to the laws of the United States, only the assets that donate less than 30.00% of the annual income to the charitable foundation can enjoy the tax exemption of this part of the assets.

In other words, most of William Chen’s current assets were obtained within this year, so if he donates all of his assets to the Kettering Foundation, only 30.00% of the assets can enjoy the tax-free benefits of charitable foundations , and the remaining 70.00% of assets still have to pay personal income tax in accordance with regulations.

Therefore, in the beginning, how much assets William Chen can donate to the foundation still needs to be consulted with his financial advisor before making a decision.

And generally speaking, assets with greater appreciation potential will be put in family funds first, because most of the capital gains tax can be exempted in this way. Therefore, if only from the perspective of tax avoidance, assets with higher growth potential, such as For technology companies, it is most appropriate to put them in family funds first.

(End of this chapter)