chapter i

    about john lª±thorntonjohn thornton  school, reat attention to the cultivation of its students¬ð character. during this period ood performance in sports £­ he held a concurrent position as the captain of both school basketball team and tennis team. therefore, since the day john thornton entered into the school gate of hotchkiss, he displayed certain quality that is doomed to distinguish him from his ancestors. brought up in such a family that most of its family members ht years time to get the bachelor degree of history, master degree of laree of administration study in harvard university of the united states, oxford university of great britain and yale university of the united states respectively. not follo his family¬ðs tradition to be a la a job at the age of 26. in 1980, john thornton got a position in goldman sachs corporation that had a history of more than 100 years. like any other neradually got rid of all the confusions and discomforts as he first entered into society and became a partner of the company at the age of 34. from a ordinary employee in the merging and acquisition department at the headquarter located in neure in goldman sachs corporation, thornton has stayed in the company for 22 years and closely affiliated his personal career ing and acquisition affairs, thornton revived the sluggish london market in the 1980s by utilizing some ingenious strategies. hereafter, he established his reputation and made a great stride to a  independently to  for the stone¡¯

    thornton¬ðs bestª²knoreat extent uidelines of thornton, the original international business sector e of a project by himself. maybe, taking into consideration of his background as a neave him a project um product manufacturer otiated ht that the project did not have much chance for success.

    having investigated the project, john thornton found that the 200ª²odd companies his client had contacted h his mind: n companies that he thought might have the intention to purchase his client¬ðs company. thomas tilling corporation reat interest in john thornton¬ðs advice and finally bought his client¬ðs company.

    the success of the project enlightened john thornton. since then he diverted his attention to british economy as o to london for the purpose of tapping european market. ¡°ues that i oing to london, they all said i o to britain to set up branch organizations. moreover, there roping for the stone.¡±

    ¡®american model¡¯ remold london to a modern city

    at the end of 1982, john thornton moved to london  service to european firms and help them to open up american market.

    ¡®indeed, nothing is easy at very first¡¯, john thornton said so e¡¯. in order to attract the attention of british enterprises, john thornton made out ties for himself. first, try everything to make himself the investment consultant of the ht to talk about cooperation and business.

    sometimes, you have no choice but believe an old saying: ot the ¡®gift¡¯ endoan to skip that day¬ðs ne corporation. this article mentioned that the purchasing price her than the highest purchasing price (¡ê 150 million) in british history. in terms of this issue, many people held that this acquisition had no chance for success for thomas tilling at that time  corporation and said, ¡®maybe i can help you¡¯. since they had cooperated  corporation and analyzed at length for him the situation they reat attention to it.

    in the follo three days, the security bank employed by thomas tilling still did not have any reaction to this issue, just like nothing happened during those days. as a result, thomas tilling ceased the contract  influence of thomas tilling, goldman sachs also stood out conspicuously in business sphere in britain. john thornton summarized, i learned from this experience that british investment bank actually did not had many experiences compared un in britain offered goldman sachs more opportunity and strengthened my confidence to bring american experience to britain. on the other hand, it also changed our idea on the means of helping european enterprises to open up american market. on the basis of the original blueprint, ement in the domestic market¬ð. since then, he started his plan to train experts on hostile takeover prevention.

    it is true that the market consciousness  in britain in the early 1980s. the general feeling entleman¡¯ because they just n the contract ht about turmoil in the sphere of british security bank. in 1986, there ether five hostile takeovers in britain, each of  price beyond ¡ê 1 billion. and goldman sachs took part in four of these five hostile takeovers, three of  price her than the original one. so to some extent, it could also be counted as a successful one.

    as early as 1983, thornton had already started his attempt to establish investment bank and develop franchising business in europe. in 1985, he moved to settle do that thornton established his gigantic merging and acquisition business in europe and successful opened up a neressive operational mode of the local commercial bank.

    thornton¬ðs success also partly benefited from the privatization process in great britain and germany that began in the 1980s, reat opportunities for such investment bank as goldman sachs corporation. the project that goldman sachs boasts about in britain and germany is bp¬ðs and german telecom¬ðs listing in stock market respectively. these t position in europe. besides, the incumbent ceo of bp is an intimate friend of thornton.

    diverting attention to asia and set up subsidiary in china

    subsequently, thornton diverted his attention to asia although he still paid close attention to europe and played an important role in the decisionª²making of goldman sachs¬ð european subsidiaries. at the end of 1996, he ion and stayed on that position for nearly three years. the relationship bete of the selling of star tv. this enabled him to knoy.

    the performance of goldman sachs in asia is recognized by its asian counterpart as solid and stable. in china, goldman sachs has been invited by many largeª²scale stateª²o kong), to restructure the company and assist them to list in overseas stock market. among them, the project of china telecom one uided by thornton himself in 1997.

    as the international business of goldman sachs developed, thornton also came closer and closer to the peak position in the company. on march 1999, thornton became the president of goldman sachs. on may of the same year, he  ure in the company ure  fenglei, the executive president of eastª²asia industrial commercial, ues, thornton is a charismatic leader. ¡®thornton is very smart person. he has such an amazing ability that he could reach the core of the problem in a very short time and bring for lihong, the vice board chairman of german bank in asiaª²pacific region, and former chief representative of goldman sachs in beijing agency. she added,¡®i think the position that suit him best is the position of american president.¡¯

    saving vodafone

    many people maintained that one of the reasons  success in britain  special in the annual financial form on the balance of revenue and expenditure.  mobile phone business as  losses. hoht future. to my surprise, i found that the mobile phone subsidiary affiliated to racal  profits. so i concluded that the stock value e. in that afternoon, the board chairman called back him. john thornton told him: ed to meet in a hotel y under the advice of john thornton.

    today, there does not exist such a company as racal group. but that mobile phone subsidiary evolves into vodafone, a business tycoon in britain. and goldman sachs also develops into a leading magnate in investment bank sphere.

    after doing so many years¬ð business activities in europe, john thornton found some similarities betreat potential for further development. in 1994, he asked the board chairman of goldman sachs hai or not. but he rebuffed thornton¬ðs request because in his opinion thornton could have a better career than in asia. but thornton did not lo this time, he acted as a consultant to assist li zekai in selling star tv to murdoch, the global media tycoon.

    in fact, murdoch did not have much interest in purchasing star tv. and the experts involved also considered that there  losses. eles and london, he seldom touched upon the details on the operation of star tv. on the contrary, he talked a lot on the economic development and the market potential of china. at last, murdoch agreed to purchase star tv at the price of $ 1 billion. john thornton and murdoch becomes very good friend since then. later murdoch¬ðs bskyb¬ðs listing in britain  this period, he developed great interest in china. and five years before ion, no over henry boson to be the ceo of goldman sachs, he suddenly declared he n and accept the appointment of tsinghua university as a guest professor there,  and his home in new york.</p>

    <b>ºÝÄÐÈËС˵×î¿ì¸üУ¬ÎÞµ¯´°ÔĶÁÇë¡£

ºÝÄÐÈËÍø×î¿ì¸üУ¬ÎÞµ¯´°ÔĶÁÇëÊղغÝÄÐÈËС˵Íø(www.41nr.com)¡£