Chapter 122 Starry Manor
During the Chinese New Year together, Duqi told Su Ze about his idea of working with Hollywood Film Company to build a movie platter and issuing movie-related bonds.
After considering this, Su Ze said: "I have to carefully investigate this idea to see if there is room for operation. Recently, our bank has developed smoothly with money funds and mortgage bonds, especially with the increase in profits. The net profit of last year exceeded 100 million US dollars. Now it is used to expand its business in the western region. I am also going to discuss with you to take out a plan to develop towards the eastern part of North America in the first half of this year. Now you have given me an idea of movie bonds. It seems that it will be difficult to work overtime after the Chinese New Year. "
Duqi smiled and said, "Although I'm a little tired, the compensation I gave is not fake. Last year's salary and dividends were also three million US dollars. I heard from Aunt Mary that you have recently planned to move to Beverly Hills. Aunt Mary is preparing to go see the house."
Beverly Hills mansions are very famous in Los Angeles, and most of them are not worried about selling them. However, the current dollar is valuable, so two or three million US dollars is enough to buy a first-class luxury mansion there. Moreover, Su Ze does not need to pay the full payment directly. Buying a house with a loan is very popular in the United States. Don’t forget that Shengshi Bank is most famous now for mortgage loans.
"I have this plan." Su Ze nodded: "There is also closer to the bank's headquarters."
Duqi smiled and said, "Don't forget to treat you at that time."
Su Ze also joked: "There is no problem with this, you will naturally be indispensable at that time, but red envelopes cannot be missing."
"Okay, then I'll make a decision." Du Qi said, and continued: "Now our bank is developing rapidly, so please worry more. After the Spring Festival, I will prepare a new contract for you. After five years, I will promise you the option."
The so-called "option" means having the right to buy some of the stocks of a company at the price specified by the option within a certain period of time.
If the specified purchase price is low, it is equivalent to Duqi selling the company's shares to Su Ze at a low price. If the stock is not worth that much money, he or she has the right not to buy this part of the stock. The advantage is that Su Ze can look at the situation at that time and decide whether to buy it himself.
It is mainly used to motivate the company's management. After all, if the company does not develop well, they will not make money, which is equivalent to binding the interests of the company's management with the company's development.
Duqi doesn't seem to have many options promised, but Su Ze, as general manager, knows Shengshi Bank very well. The current Shengshi Bank's annual net income is over 100 million US dollars, its valuation has exceeded one billion US dollars, and it manages assets worth tens of billions of US dollars.
Moreover, with the continuous expansion of mortgage bonds and money funds, this number is still increasing. According to the development speed of Shengshi Bank, the scale of the bank will at least double in five years, and it will still have a value of hundreds of millions of US dollars. With these shares, Su Ze will also become a well-known American rich man.
Su Ze knew very well that he had made a lot of efforts in the development of Shengshi Bank, but the key was that Duqi provided 100 million US dollars in funds at the beginning solved the problem of initial expansion funds. Duqi also thought of the bank that combined flexible money, funds and mortgage bonds, which brought Shengshi Bank excess income.
Otherwise, even if he works hard, it would be difficult for a small bank to make much progress at the beginning, so he did not ask for more options at this time, just said: "But you have to set the price to me a little lower, otherwise I may not be able to afford it."
"Don't worry, with the current development speed of Shengshi Bank, in five years, your dividends in one or two years should be enough to purchase options." Du Qi smiled and said, "As the general manager of Shengshi Bank, you should have enough confidence in the development of our bank."
Su Ze shook his head and smiled, "You guy has given me a difficult problem. It seems that I need to work harder for you in the future."
Although Su Ze said this, Duqi could feel that he was more motivated. Although the two companies had friendships, since they had a work relationship, they needed enough benefits to motivate. The professional manager system is very popular in the United States, and options are also rules in the industry, especially entrepreneurial companies. Using options to motivate employees is also an excellent choice when they cannot pay enough rewards.
After talking about work, Su Ze asked again: "Talk about it, when do you plan to buy a house? If you have any ideas, I can ask Mary to help you pay attention. With your wealth, even if you buy a manor, it should be fine. Although the farm is good, it is still a little far from Los Angeles."
"I have already made plans for this matter," Duqi said. "I recently fell in love with a place near Marbury Beach on the southwest coast of Los Angeles. I planned to buy about 000 acres of land around that area, and then design it myself to build a manor. Well, it's called Fanxing Manor."
After hearing Du Qi say it, Su Ze also showed surprise on his face: "You actually plan to buy such a big place, which is not cheap, especially near the beach. If you have a private beach, even if you are not a tourist attraction, the price will not be low."
"Absolutely, I've asked someone for some preliminary inquiries before. That place is still an area without development, so the land price will not be too expensive. Even if the price is higher, it will not exceed $2 million."
The land price in the United States is not expensive these days. You should know that in 1988, Michael Jackson purchased a 2,800-acre farm to renovate the Dream Manor, but it only cost 17 million US dollars. Of course, the next reconstruction is not cheap. Michael Jackson spent 5 million US dollars to build the dream Dream Manor, and the amusement facilities are very complete.
The place Duqi is preparing to buy is close to the beach. If you buy it, you can have a long private beach, so the land price will be much higher than that of ordinary farms. However, due to the age, even if it is high, there are limits. Duqi has already found someone to estimate the price, which will not exceed 20 million US dollars.
Duqi can afford such a price. Duqi earned $65 million from Hong Kong, of which the $40 million used to purchase Disney stocks is still $25 million, which is enough to buy the land.
As for the construction of the manor in the future, Duqi had long planned. Since Melis invested in Yigo Supermarket in the summer of 1982, the royalties of "Song of Ice and Fire" have been kept by Duqi. If the upcoming March royalties are included, there will be more than 10 million, and there will be a continuous increase in the next quarter. There will be no problem in building the manor.
Chapter completed!