Manhattan Reborn 1978

In the blue crystal top living room.

Pine told Old Morgan in detail about David's new product plans for the insurance company.

"Customized life insurance?"

"Hahaha~"

After Old Morgan heard the last one, he couldn't help laughing: "What the hell kind of product is this guy producing? Is it a revenge bounty insurance tailor-made for those gang bosses? Haha~"

"How did he come up with this idea? Haha~"

Old Morgan couldn't remember the last time he laughed like this.

David's weird brain circuit was so hilarious that he couldn't help it.

Pine, Giles and Blumer didn't catch the old Morgan's laughter. The three of them looked at each other and waited quietly.

A smile slowly appeared on Giles' lips. His father hadn't smiled like this in a long time.

Finally, old Morgan stopped laughing.

"Oh, I might not be able to sleep tonight. I need to calm down. Haha~"

"Did David tell me what the minimum premium for this insurance is?"

"Uh, no..."

"Then when he was talking about this, someone must have said they wanted to buy a copy, right?"

"emmm, yes."

"Giles, let's make a bet. After David's insurance is launched, the lowest premium will definitely not be less than 10 dollars. Haha~"

The three of them were speechless. David really didn't say anything about the insurance premium.

No one present at that time thought about this.

"Okay, Pine, tell me what you think about participating and universal insurance."

Pine sat up straight, looked at the record in his hand, and expressed his opinion.

Participating insurance is competing for business with trust companies.

Universal insurance is a blow to bank deposit business!

Not to mention its impact on other insurance companies’ traditional insurance product businesses.

The two products David mentioned have broken the definition of insurance products in the existing insurance industry.

They provide a layer of protection and at the same time increase the value of the policy.

They will definitely be very popular among specific middle- and high-yield customer consumer groups.

After talking about the advantages, Pine went on to talk about his views and concerns about the shortcomings of these two products.

To sum it up, just one word: expensive!

After listening to this, Old Morgan asked Giles his thoughts on establishing an insurance company.

Giles spoke of plans to form a new insurance company.

Old Morgan thought for a while and said: "Giles, the final decision on venture capital projects lies with David. Do you have confidence in David's investment vision and your own abilities?"

coming!

Pine and Giles looked at each other and nodded: "Yes, Dad, we are very confident!"

"OK then."

"The structure of the venture capital company will be formed by extracting all the existing departments from Morgan Bank and the Social Development Corporation. Morgan Bank will also invest 2000 million U.S. dollars. Morgan Bank will hold 25% of the shares in your investment company."

"Stanley will invest resources in investigation and evaluation, and invest 500 million U.S. dollars, accounting for 10% of the investment company's shares."

Giles frowned as he listened to this distribution plan.

2500 million dollars, plus the personnel of Morgan Bank and Stanley's resources, accounted for 35% of the shares, which is a bit much.

After listening to this, Pine felt that bargaining is the normal operation when discussing business.

He winked at Giles.

Giles looked up and saw his expression, and he suddenly became happy.

"Dad, I think your investment plan accounts for too many shares. We..."

In this way, the two father and son went back and forth and chatted for 5 minutes about the issue of shares.

Finally finalized!

The venture capital company takes out 25% of the shares to obtain all the above.

And, Giles added one more.

Morgan Bank needs to provide a five-year low-interest loan to the venture capital company, with the amount tentatively set at $2 million.

Loan as you go!

Old Morgan agreed with a silent smile. He enjoyed chatting with Giles very much.

"Dad, I want to help David's angel investment also get a low-interest loan."

"Well, let's let him set up angel investment companies and insurance companies first, come up with the first batch of projects and products, and attract the first wave of investment. Then I will ask Morgan Bank to evaluate the Da Group as a whole and give them a Low-interest loan lines.”

"This way they can use the loan flexibly and facilitate their investment operations."

Pine nodded to Giles.

Old Morgan was very thoughtful.

If a single company applies for a loan, the amount it will get will not be very high, and it will not be able to spend the money in a short period of time, and it will be very troublesome to misappropriate it.

Using the loan in the name of Da Group makes it easier for the money to be used on other subsidiaries, which can help their development and put them on the fast track of growth.

Old Morgan turned on the speakerphone and motioned to the old butler who came in to deliver coffee, asking him to sit down and listen together.

The old housekeeper nodded and sat aside.

"So, let's talk about insurance companies."

"Giles, the insurance products David has come up with are very good, but your plan to establish a new insurance company will face many difficulties."

Old Morgan helped them deduce the future development of insurance companies.

The new insurance product, like the idea of ​​television broadcasting news around the clock, is an easy-to-copy business.

Especially for those powerful insurance companies, copying is even easier.

A few days after Da Insurance launches a new product, other companies will launch similar products to compete.

They will even suppress the sales of DA insurance and run on them.

From the perspective of people who buy insurance, customers who buy this type of insurance products will definitely choose those big insurance companies.

On the one hand, it is due to brand and purchasing inertia.

On the other hand, it is a trustworthy choice between ability and strength.

Buying insurance is also a type of investment.

So is this new insurance company trustworthy?

This is a question mark!

That's it.

Old Morgan came up with a plan.

After the insurance company is established, it needs to allocate some shares to the consortium behind the existing domestic insurance companies.

These old insurance companies will use a small amount of funds and sign a non-competition agreement.

They will launch participating insurance and universal insurance in the next six months or one year.

Give the insurance company a short development time and space.

Old Morgan asked them to discuss among themselves the acceptable proportion.

In this regard, David has completely left it to Pine to decide.

Pine told old Morgan about this.

Old Morgan sighed, David is really weird!

If it were another person, he would definitely try his best to gain more benefits for himself.

But he had a casual attitude towards these things.

After listening to his father's plan, Giles put forward an idea of ​​his own.

"David's participating insurance product, its investment dividend ratio should be a high price that other companies cannot offer!"

"Haha~ This is indeed a good selling point!"

"If David can really achieve the dividend ratio he promised after one year."

"Then your insurance company has established a firm footing and can consider taking steps to expand its development scope."

"Okay, let me know after we've discussed it, and I'll help you coordinate with the insurance company and try to buy you as much time as possible."

"You also need to open a company as soon as possible and come up with specific product contracts."

"Good dad."

"So, Bloomer, you have nothing to tell me?"

Both Pine and Giles looked at Bloomer and nodded to him.

His status in his own family is not as high as that in the Morgan family.

This prevented him from talking about borrowing money.

Old Morgan guessed it, so he asked him.

"During this period, David has been busy with too many businesses. Bloomer, you have no money to invest in these two businesses, right?"

"Yes, Uncle Morgan."

"Well, Los Angeles is three hours behind New York."

"Okay, let me call your dad. Are you okay? I'll hang up first."

"Okay dad, sir, uncle."

The phone was hung up and the living room became quiet again.