Back To 1995: Chapter 516 Mountains don\'t turn, water turns
Chapter 516
As an old fox on Wall Street, it is a compulsory course for Paulson and the others to try to figure out people's hearts and use emotions to contain opponents, and it is always beneficial.
But today, Song Yang was specially given a warning. What Paulson didn't expect was that Song Yang showed no sign of anger. This is obviously different from the upstarts in Silicon Valley. If it were Mark Anderson, this Maybe it's time to leave angrily.
"President Paulson is serious, the entire Silicon Valley welcomes you!"
Listening to Song Yang's words, Paulson always felt that this was not a good word. If he was really welcome, Song Yang would still be able to hang him for so many days?
Paulson asked Song Yang and his party to sit down, and said to Song Yang with a smile on his face, "Song, Wall Street is also looking forward to your arrival. I have heard of your genius name on the Internet a long time ago. I remember that time When Netscape went public, you came up with the concept of Internet advertising."
He said so, but Paulson's words were full of warnings. When he mentioned the whole Wall Street, he was telling Song Yang that he was here on behalf of the whole Wall Street. He also mentioned the half-dead Netscape, which was a warning to Song Yang. , PayPal may be the next Netscape!
Now the lawsuit between Netscape and Microsoft, although the fight is fierce, is not as smooth as expected, especially after the first day of the court session, after being reversed by Microsoft, Jim Clark and Bill Gates were brought out. After contacting the fax, Netscape fell into a passive position.
Right now, Netscape is gritting its teeth and fighting with Microsoft, but the decline is already visible to the naked eye. After just releasing its results for the first half of the year, it lost $68 million. After its first loss since its listing, Netscape’s market value has finally fallen. Breaking through the market value of US$5 billion.
This is not beyond the expectations of the outside world, and it even feels that the loss is small. The browser market and users are gone. Who is Netscape not losing?
When Paulson mentioned Netscape, he secretly warned Song Yang that if PayPal could not pass the test this time, it would become the next Netscape.
Song Yang seemed to be deaf to Paulson's warning, and his expression remained the same. Song Yang is not surprised by these things like warnings and warnings, and he was mentally prepared before he came.
"Director Bruno and President Swartz, we talked about the PayPal issue last time. This time, President Paulson also came here to resolve this matter. Goldman Sachs does not want it, because this matter will affect the relationship between you and Wall Street. relation!"
Pellet Greene, who was sitting next to Paulson, looked at Song Yang and said, the last time he talked with Song Yang, Song Yang asked Paulson to come in person, and now that Paulson is here, he thinks Song Yang is still What can I say.
"Of course, this is also the purpose of our visit this time!" Aaron Swartz also said.
"PayPal's transaction fees cannot be changed. This is the foundation of PayPal. PayPal does not object to other banks lowering their fees. As for the interest of PMMF funds, we can reduce some of them..."
Aaron Swartz said straight to the point that the problem of PayPal's competition with other banks is the problem of handling fees. PayPal's low handling fees have robbed many banks of a large number of users.
The interest rate of PMMF funds is higher than that of other banks, which attracts users to deposit their savings on PayPal, robbing other banks of their business!
Hearing what Aaron Swartz said, Pellet Greene couldn't help scratching his head. What Aaron Swartz said was different from the last time. It was just farting on the wrong pants, and it was just an extra procedure.
The last time he talked about this with Song Yang, they broke up badly. Who knew that this time Paulson came in person, and PayPal still didn't let go.
"Song, Goldman Sachs, JPMorgan, Citigroup and other American banks all welcome the emergence of PayPal, but this does not mean that PayPal can use unfair means to compete maliciously, which does not comply with Wall Street rules!"
Pellet Greene turned his attention to Song Yang and said that he wanted PayPal to increase the handling fee for user transfers and transactions to the same level as that of banks, or even higher than that of banks, so that users can no longer flock to PayPal.
During this period of time, Greene has seen the development of PayPal. To be honest, he was also taken aback. The willingness of ordinary users and small and medium-sized merchants in America to use PayPal is obviously higher than that of banks.
Going to the bank to transfer money requires queuing up, paying a large amount of handling fees, and sometimes there will be problems, and the bank will just quarrel.
On PayPal, it only takes a few keystrokes. Whether it is transferring money in America or overseas, it is completed immediately. It can be operated 24 hours a day, and the handling fee is much lower. There is also a transaction protection system. , which many banks simply do not have.
Moreover, Pellet Greene also heard that PayPa has cooperated with e-commerce companies such as Amazon and ebay before, and can be used as an online shopping channel. PayPal has also obtained a patent called "one-click order". Cooperative e-commerce companies can use this patent.
This patent, Pellet Greene heard, was made by Song Yang a few years ago. At that time, Song Yang only had a double-click company in his hands. "Genius" has a new understanding.
It’s hard for Greene to say how effective this “one-click order” patent is. The valuation of 100 million is directly higher than the small goal of 100 million!
Enron, American Telecom, Comcast, Telephone and Telegraph Group, etc. have also cooperated with PayPal for a long time. Users in Texas can pay natural gas and electricity bills, mobile phone bills, broadband bills, TV bills, etc. on PayPal.
And now, PayPal is seeking to cooperate with airlines, federal railways, cruise ships, hotels and other companies to allow PayPal to access their payment channels, that is, to be able to buy air tickets, train tickets, book hotels, etc. on PayPal, which has made many Users who have never touched a computer have started to use PayPal.
Pellet Greene felt that if it was him, if it wasn’t for the identity issue, he would have to maintain his position, and he would probably use PayPal publicly if he couldn’t save face.
And even in Goldman Sachs, Pellet Greene saw Goldman Sachs office staff in San Jose use PayPal openly at work without any scruples. In this way, what happened to other places, Greene couldn't imagine.
So this time when negotiating with Song Yang, Pellet Greene wanted to suppress PayPal. If this continues, he may feel that he will not be able to suppress PayPal. At that time, it will be too big, and Goldman Sachs can't do anything with PayPal up.
As for relying on relationships, contacts, and using Wall Street means to get the Commonwealth Bank Association and congressmen on Capitol Hill to pass the electronic payment bill, it is not impossible, but it will take too long, and Song Yang will not sit still .
Pellet Greene doesn't even know how much support Song Yang has won from federal congressmen, especially the Japanese billiard room project, which has drawn too many powerful figures in America to Song Yang. Go to the camp of supporters.
With the influence of Goldman Sachs, I am confident to clean up PayPal, but this process may not be so easy, and the risk of overturning is not even ruled out!
"Sorry, PayPal can't change this!"
As soon as Aaron Swartz finished speaking, he clearly felt that he was being stared at by a pair of eagle-like eyes. He turned his head and saw that Paulson was staring at him, being stared at by Paulson, Aaron Swartz even felt a burst of pressure rushing to his face.
Aaron Swartz, who worked at Citibank, knows how influential Paulson, or the position of Goldman Sachs president under Paulson's ass, is.
The finance minister of America, the economic adviser to the president, and the congressmen on Capitol Hill are all from Goldman Sachs. Goldman Sachs is now in its heyday. Paulson's position is definitely not that of a Goldman Sachs president. Simple, or it is more accurate to say that he is the contact between Goldman Sachs and the Federation.
Cutting leeks in Southeast Asia this time is just a show of muscle. Aaron Swartz knows that if it really falls out, then Goldman Sachs and several other Wall Street giants have the ability to get Capitol Hill to pass the bill sanctioning PayPal. It depends on whether Paulson and Goldman Sachs are willing to pay a huge price for countless states in America to ban the use of PayPal, or even shut down PayPal's servers in America.
The entire conference room was silent for a while, only Paulson's voice came out, "Is this PayPal's wish?"
Aaron Swartz bit the bullet and didn't flinch, but he didn't dare to refute Paulson directly, and let the two sides tear their faces apart.
"President Paulson, there are some things that PayPal can't back down!"
Song Yang spoke at this time, attracting Paulson's attention and letting Aaron Swartz breathe a sigh of relief.
Paulson is also staring at Song Yang, but unlike Aaron Swartz who has been on Wall Street and may have even been beaten by Wall Street rules, Song Yang is not afraid of the bald head in front of him at all.
Now Paulson is indeed powerful, but so what, Song Yang will lose PayPal at most, it may be a little loss, but it will not be knocked out by a stick.
The mountain does not change, how many years can Paulson stay as the president of Goldman Sachs, three, five or even ten years?
But no matter how many years, at Song Yang's age, he can always survive until he leaves Goldman Sachs. At that time, it will be the problem between Song Yang and him. At that time, it will be time to settle the account!
Looking at Song Yang for a few times, Paulson inexplicably found that Song Yang was not only not afraid, but had a look like looking at his prey, which made Paulson feel inexplicably uncomfortable.
(end of this chapter)