Chapter 1395 Feng Shui Turns Around! Fight Back!
"Leonard, you went to see John Chris Morgan?"
News about John Chris Morgan travels fast.
When Leonard Mellon and Xia Yu returned from New York to Philadelphia, Pennsylvania, Paul Mellon immediately found his nephew Leonard Mellon to find out the specific situation.
"Yes, Uncle Paul, I went to discuss a cooperation with him!"
Leonard Mellon said calmly.
Paul Mellon frowned slightly, a little annoyed that Leonard Mellon made an opinion without consulting him.
But he remained patient and asked for details: "What cooperation did you discuss with him?"
Leonard Mellon smiled and said the result: "In fact, it is to let John Chris Morgan transfer part of the equity to us, including New York Ying, Pittsburgh National Bank, Martin Marietta, Westinghouse Electric company……"
As Leonard Mellon continued to talk, Paul Mellon was very surprised, and the slight annoyance just now disappeared.
He hurriedly asked, "John Chris Morgan agreed?"
"He agreed on the spot, and I took the opportunity to make a friend with him."
"As for the specific details of the acquisition, I'm going to come back to tell you so that someone can be connected."
"Good job!" Paul Mellon subconsciously exclaimed.
This is absolutely excellent news for the Mellon family.
These days, the pressure from Rockefeller is felt by the entire Mellon family, and Paul Mellon can't sleep well at night.
But if the stakes in these companies held by the Morgan consortium are taken down at one time, then Rockefeller will not be able to turn the sky!
After the joy, Paul Mellon calmed down.
He asked solemnly, "Leonard, why did John Chris Morgan agree, and what chips did you give him?"
"I said to sell him the 11.84% stake in the New York Morgan Trust Company held by the family!" Leonard Mellon reported truthfully.
"No, where did our family get so much equity? I remember it was only 8.72%!" Paul Mellon asked with a stunned frown.
"Yes, but I asked my brother-in-law Xia Yu to help me acquire 3.12%, so it adds up to 11.84%."
Leonard Mellon told the truth very calmly.
This time, Paul Mellon was silent.
After a long time, Paul Mellon said, "You have to thank him then."
"It doesn't matter if the equity in the New York Morgan Trust Company is gone. Anyway, your father hid these equity in order to play a huge role one day, and now it is considered to be effective."
"Only companies that can be controlled are truly theirs."
"Leonard, you have done a good job and have grown a lot. I am very pleased."
After speaking, Paul Mellon patted Leonard Mellon on the shoulder, his eyes full of relief and admiration.
Leonard Mellon was overjoyed, he held back his smile and kept his humility: "Uncle Paul, I still have a lot of room to grow, and I had a formal conversation with John Chris Morgan today, and I found out that I am very far away from him. Not a small difference."
"But I will continue to work hard to have a confident chat with John Chris Morgan as soon as possible."
The gratification in Paul Mellon's eyes became more and more intense, and he sighed with emotion: "It's very good that you have this kind of mentality. There are very few people in the family who dare to negotiate directly with John Chris Morgan. You have done a great job. Something most people can't do."
"Continue to work hard, if there is anything you can discuss with me, I will support you." 166
"Okay, thank you Uncle Paul!" Leonard Mellon said hurriedly.
"Make a deal with John Chris Morgan as soon as possible. The hearts of the family and consortium have been in chaos for long enough, and it can't be delayed any longer."
Paul Mellon patted Leonard Mellon on the shoulder again, and after exhorting him, he left with a relaxed expression.
"I'll do it right now!"
Looking at the back of Paul Mellon,
Leonard Mellon answered loudly.
Remembering the conversation just now, the smile on his face could not be concealed.
He succeeded!
After that, Leonard Mellon went to work with high spirits.
...
Both Mellon and Morgan want to help each other as soon as possible, which is a good way to cheat the Rockefeller consortium.
In the face of the strategic interests at the consortium level, some marginal interests are not worth mentioning at all.
Time is the most precious.
therefore.
The transaction between the two parties was completed quickly, and it took only one day!
With the assistance of the Morgan consortium, the Mellon family completed the holding of the Bank of New York and the National Bank of Pittsburgh.
Control of Martin Marietta Corporation and Westinghouse Electric also stabilized.
Seeing the intervention of the Morgan consortium, the original wall was instantly stopped, and the allure of Lockheed's merger plan was greatly reduced.
The Mellons took the opportunity to deepen their grip on the four companies.
This kind of thing that annoyed David Rockefeller, he didn't have the heart to deal with it.
Because John Chris Morgan has already made a move on him.
Get the 11.84% stake in the Mellon family transaction, plus the original stake.
In the New York Morgan Trust Company, the Morgan consortium can add three director seats!
Originally, the Rockefeller consortium had two more board seats than the Morgan consortium.
But now the situation has reversed, and the Morgan consortium has overtaken, and there is one more seat!
With just one more board seat, John Chris Morgan wasn't completely successful.
John Chris Morgan wants to take back the New York Morgan Trust Company and rename it as J.P Morgan Company. He also needs to take full control of the board of directors, or arrange for someone to sit on the position of chairman of the board of directors.
That would require a lot of work, acquiring stakes from other shareholders, or persuading other directors to do the reverse.
After receiving the news, David Rockefeller was furious and immediately formulated a defensive strategy.
Although the New York Morgan Trust Company is a bank, as the fifth largest bank in the United States, it is linked to too many companies and assets.
If John Chris Morgan takes control, then his ability can cause great harm to the Rockefeller Consortium, while the strength of the Morgan Consortium can increase!
The importance of this matter is already ranked first!
Soon, the two major forces began to fight around the New York Morgan Trust Company.
Other shareholders are sitting firmly on the Diaoyutai, watching the great god fight, waiting to fall to the party that promises the most benefits!
It can be said that Xia Yu used this trick, and the two giants in the future will have to use their brains!
With the failure of the Rockefeller Consortium's attack, other forces also realized that the Mellon Consortium had completed the shrinking of the front.
Continuing to attack will not gain much benefit, but it will easily attract retaliation from the Mellon consortium, and be killed as an example.
Therefore, how fast these enemies came before and how fast they retreat now, all died.
The Mellon family has a very good development environment for integrating forces.
But this time.
After consulting Xia Yu, brothers Leonard and Woodrow Mellon personally called Peter Lynch, president of Polaris Capital.
Then Leonard Mellon approached Paul Mellon and spoke his mind.
"What, you want to attack the Cleveland consortium with the North Star consortium?"
"What's the reason?"
Paul Mellon looked at his excellent nephew with a burning gaze, his expression very serious.
Leonard Mellon spoke eloquently: "Uncle Paul, our family has completed the frontline shrinking plan, the strategic level goals have been completed, and the rest is the work of details. The resistance has disappeared, as long as it takes time."
"And at the beginning, we responded with all our strength and prepared more than 20 billion US dollars of funds. Now we have only used part of it. We still have a large amount of working capital."
"The Bank of New York and the National Bank of Pittsburgh are also tightly controlled, so we actually have more money at our disposal."
"During this period of time, the hearts of our family have fluctuated, and outside, the power of our family has also dropped a lot."
"So I hope that we can re-establish our power through a war, and let everyone know that even if my father doesn't wake up for a while, the Mellon family can't be offended!"
"It doesn't make much sense and interest to fight ordinary enemies, but the Cleveland Consortium is different."
"Now the Cleveland Consortium is a little caught off guard when faced with the North Star Consortium's attack."
"Other forces are also eyeing the Cleveland Consortium, so we can be absolutely sure that the Cleveland Consortium will definitely suffer."
"The risk of us joining the attack is not high, but with our strength, the effect will definitely be significant."
"Another point is very important. The Polaris Consortium is our ally. Because it helped us, it was retaliated by the Cleveland Consortium. Fortunately, the Polaris Consortium responded quickly and eliminated a major crisis, but it also suffered losses. Only then did Cleveland counterattack. Consortium." 78Chinese.com
"So whether it's to thank our allies or for ourselves, we should all work together with the Polaris consortium at this time to retaliate against the Cleveland consortium!"
"..."
Listen to Leonard Mellon's rationale.
Paul Mellon took a deep look at his nephew, then nodded and said, "You see very clearly."
"I fully support you."
"It's up to you to convene the family members. We will hold a high-level meeting of the family tonight, and then tell them your plan."
"I'll go first, and I'll do the rest of the stable family's work for you."
"Thank you Uncle Paul!"
Leonard Mellon said happily.
Looking at Paul Mellon's back, Leonard Mellon clenched his fists and threw a heavy fist.
It is the power of the family patriarch to convene a family member to hold a meeting and preside over the meeting.
After Richard King Mellon fell ill, Paul Mellon was responsible for convening and presiding over the meetings during this period.
But now, this power is in his hands for the first time!
The position of the head of the family is already beckoning to him.
Well-prepared all afternoon.
In the evening, Leonard Mellon once again laid out his views and plans.
This time, Paul Mellon didn't give him the first time to support him, and Leonard Mellon persuaded the senior family members who had long been angry in their hearts.
This made Paul Mellon even more gratified, and the hearts of the family have been united once again.
In the end, the Mellon family high-level meeting passed unanimously, supporting Leonard Mellon's proposals and decisions.
Attack the Cleveland Consortium!
Early the next morning, the Mellon consortium directly blew the horn of attack and launched an attack with great fanfare.
For a time, I don't know how many people were dumbfounded.
I don't know how many people feel that Feng Shui turns around...
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