Chapter 1196 – Sky-high consulting fees
Two days later, Feng Yu received a surprising phone call when he played Legend of Mir in his Wind and Rain Building’s office.
“Director Fang? What is it?” Director Fang had represented Iron Fist Zhu to congratulate him over the phone during his wedding. He must be looking for Feng Yu for something important today.
“Manager Feng, are you in Beijing now?”
“Yes,”
“Alright. Let’s meet up in the afternoon for a chat.”
Feng Yu arrived at a private room in a restaurant and saw Director Fang. Director Fang looks much older and has more grey hair.
“Manager Feng. Please seat.” Director Fang poured a cup of tea for Feng Yu.
“Director Fang, just speak your mind. I will help if it is within my means.” Feng Yu said. Director Fang had helped him a lot in the past.
“The US stock market had fallen quite a bit in the past two years. Our country had invested many of our funds into the US market and suffered ma.s.sive losses.”
“Director Fang, what do you mean?” Feng Yu asked.
“Manager Feng, the Central Government had thought of letting you manage our State’s investment company, but many higher-ups had objected to his idea because of your age…”
Feng Yu interrupted Director Fang. “Director Fang, I am not interested in entering politics and prefer to be a businessman. Didn’t I recommend Professor Liang to you all?”
Feng Yu is unwilling to get involved, and some of those higher-ups do not want him to manage the state investments.
How much can the state investment company pay Feng Yu? Many people will be complaining about him even if he gets a few hundred thousand annually. The higher management staff in his company and subsidiaries are getting at least 300,000. Like Kameda Masao, Zhong Qingxian, etc., are getting shares and their annual salaries are at least one million USD.
There are no benefits in this, and only fools will take up this job. But Professor Liang is definitely qualified for this role. Why didn’t the central government hire him? Is it because he is from Hong Kong?
“Professor Liang? We had invited him, but he wants too much authority, and the higher-ups did not agree to his conditions. This is not a small amount, and it will be catastrophic if he made any mistakes. The whole nation will be affected if this fund is gone!”
Feng Yu shook his head. You want others to do their job but refuses to pay them well and give them authority. This is like getting a layman to lead the experts.
You all might be good at managing the country, but Professor Liang is an expert in financial trading and economics. He has relevant fund managing experiences, and you want to let those without experiences lead him?!
“Director Fang, you might not like to hear this. If you are afraid of this and that and don’t trust others, how can you succeed?” Feng Yu shook his head. He had never interfered in the way his subordinates manages his companies.
In fact, most of his subordinates had come to seek his advice when they encounter problems. So what if Feng Yu’s subordinates control the human resource? Feng Yu had prevented lots of trouble by rotating the Finance Heads of his companies. Also, they don’t dare to do anything funny because of the annual audits.
Feng Yu had paid the subsidiaries’ heads well, and they don’t need to do anything illegal. If they have any difficulties, they will tell Feng Yu, and Feng Yu will help them. But if they did anything behind his back, he will not let them survive in their industry!
Director Fang also knows some of the higher-ups are too much, but this is not within his control. This is a collective decision made by the leaders. He might trust Feng Yu, but that does not represent other people will trust him!
“I understand what you are saying, but the heads of those companies are also specially selected. Our country’s financial system is set up much later than in other countries, and they are considered the best in China. However, they can only be considered average internationally.”
“Director Fang, what are you trying to say?”
“I heard that your Wind and Rain Consulting also sells information, right?”
Feng Yu laughed. “Of course. We are a consultancy, and selling information is part of our business. But we seldom sell information because it is too expensive and not many people can afford it.”
“Others might not afford it, but our country can. How much does it cost for a piece of information?” Director Fang proudly replied.
Feng Yu put up one finger.
“One million? It’s quite high, but I believe your information can help us make more than that. Ok. I agree with this price.”
Feng Yu shook his head. “One million? I can’t be bothered to even sell a piece of information worth one million.”
“Ten million? This is quite expensive. No wonder you say very few people can afford it. Can we pay after the country make profits?” Director Fang is speechless. Are all consultancy making so much money?
“It’s 100 million USD. Don’t think it is expensive. With this information, you can easily make more than 200 million USD with 1 billion USD fund.”
“100 million USD? Manager Feng, did I hear it correctly?!” Director Fang jumps to his feet in shock.
“Since I dare to sell it at this price, it means the piece of information is worth it. You can ask around. Who had said, I, Feng Yu, had cheated them when they do business with me? Of course. I know the state will not pay, and I will give this piece of information to you all for free!”
Pay up after making money?! What if they deny it? How am I going to get my fees from the government? In Feng Yu’s previous life, many local governments had owed their people money and didn’t pay up. Feng Yu will not trust them even if this is the Central Government. Rather than not receiving his payments, he would rather give them this piece of information as a favor. At least, the higher-ups will have a good impression of him.
Iron Fist Zhu is retiring soon.
“You are giving us this piece of information for free?”
“What’s wrong? You don’t want it?! Fine.” Feng Yu glanced at Director Fang.
“I want it!” Director Fang immediately replied.
“Buy gold prices to rise in the futures market.”
“Buy gold prices to rise in the futures market? Isn’t futures very risky, and we might lose all our money?” Director Fang frowned.
“The bigger the risk, the higher the returns. Most of my money is invested in gold futures. Hong Kong’s Fu Family had invested too, and the Li Family will also be investing in gold. Russia’s Kirilenko had invested all his money into gold too. It’s up to you all to decide. I had given you all the information, and I don’t want to explain it anymore.”
Director Fang does not know much about financial trading and lets alone future trading. It will be a ha.s.sle for Feng Yu to explain to him. Just look at Kirilenko. Feng Yu just told him over the phone. He immediately used all his available funds to buy gold futures contracts without asking why. This is also the reason why his a.s.sets increase so quickly.
Believe in Feng Yu and make money!