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The most prestigious investment banker John · Mike how to find back the soul, and Morgan Stanley are distinguished
When the phone rings, John · Mike (JohnJ.Mack) surprised. He is on the phone on a yacht should only very few people know. Moreover, this is a United States martyrs Memorial Day holiday, who would then find yourself?
This unexpected phone call from China. Introduce themselves to each other, said that she is Morgan Stanley a person in charge of the IPO project, subject to its customers, and with the consent of the owner of the company's Asia, she begged Mike flying to Beijing within the two days.
"Do you know I just ten days before the return from Beijing? this thing still waiting for my return to the company. "Mike quickly put down the phone.
But the Chinese employees did not give up. After few hours, she left behind multiple phone message asking Mike heard her statement came again to his cause and time of pressing. Finally, Mike back up phone, harsh stance: "well, I hear you say, I hope you have good reason to interpret the requirements of your venture. Otherwise, I would dismiss you! "
Next to each other about a name for the plight of China petrochemical co., Ltd. This is in May 2000, the China's crude oil price has worked with the international standards, but the oil price is not yet marketable. World crude oil prices, a serious price upside down cause Sinopec preparatory awaited overseas listing there. By Morgan Stanley is the IPO project underwriters, Sinopec Chairman Li Yizhong and CEO Mike Ming Wang Foundation requirements to Beijing and the rest of the Chinese national leaders personally, from the perspective of petrochemical IPO raised the need for oil prices. But leadership interview time is at 3.
After listening to the explanation of the Muscovy, Mike was silent for a moment. An ordinary employees braved the risk of dismissal for help to him and let him feel unusual events. More importantly, since 1992, and from China, frequently has allowed him to China with profound insight, he can feel, this matter whether on Sinopec listing or on Morgan Stanley's future development in China is of great significance. This allows him to give a definite answer: "I immediately notice my crew ready to fly to Beijing. ”
"You know what it means to defeat? China Unicom and Sinopec, China, IBM and General Electric," according to the present, memories, sitting opposite the Zhongnanhai leadership of Mike as a metaphor. But before the end of the conversation, someone suddenly straightened up, open Mike, use English direct question: "can you guarantee that Morgan Stanley private wealth will complete the Sinopec listing?"
He obtained the oath of the answer: "I pledge that I will to Morgan Stanley's reputation and personal wealth to ensure the success of Sinopec listing. ”
It is difficult to underestimate the effect caused. About two months later, in July 2000, the China finished adjusting the oil begins to that year; and, October is completed in the petrochemical, Hong Kong, New York, London and listing of three. And that was his dismissal of Chinese employees, will be his most willing to consult one of China's matter object: she is currently serving as Morgan Stanley CEO Sun Wei in China.
To make the right decision at the expense of personal interest, you can listen to from different levels of staff recommendations, quick, high credit, this is Mike, soul of Morgan Stanley. Since 1972 entered the Wall Street Journal, rely on these qualities, he became the most important banker on Wall Street. Because of its strict and has Koplan, reduced costs, layoffs, Mike was the outside world gift "Blade of the Mike" (MacktheKnife). But the other side of the coin is that he has never become suspended in all heads above the fear factor: his staff will tell you, the CEO will invite his head with his own family to dinner, in the elevator and the corridor with a great friction asked their employees in, or even that he had a charity dress up as sharks, laugh at yourself with Tai Sang "MacktheKnife" this song.
About Mike and its employees, two times is sufficient to show everything. In early 2001, he resigned from the company President, farewell, employees on its reported to up to 3 minutes of applause. And as at 30 June 2005, he returned to this he had been working for the Kingdom of the 29-year-old financial, greet him and long applause and cheers.
However, he developed a progressive, Morgan Stanley has been completely modified, the old big line has undergone four years lost soul. In these four years, Mike rescued are losing Switzerland Credit First Boston, but his old Club has become the political horizon, the Office of business development for conservatives, even being swallowed up by the merger. Morgan Stanley's market value from the beginning of 2001, 700 billion substantially shrunk to mid-2005 of 550 billion, many on Wall Street bankers are also very important in this period of leave.
The "gold standard"
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