Chapter 1101 Fighting a Snake and Hitting Seven Inches
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New York, Westeros corporate headquarters in midtown Manhattan.
Westinghouse Chairman and CEO Michael Jordan was invited to arrive on time, but just waited in this reception room for a while, Simon Westeros pushed the door in, and quickly got up to greet the other party: "Hi, Simon, nice to meet you. "
"Hello, Mike," Simon shook hands with a white executive with the same name as a legendary basketball superstar in front of him. The two sat down on the sofa together and continued with a smile: "I just heard that you were in New York, so I wanted to take the opportunity. talk."
Girl a brought in the coffee, Michael Jordan waited for a moment, and when Alison left, he asked, "Simon, is there anything today?"
Simon took a sip of the coffee that Alison had just poured, leaned back on the sofa relaxedly, and looked at the head of Westinghouse Electric opposite: "Mike, the unit of the Rivno nuclear power plant in Ukraine, in the middle of this year, It will be activated, when the Westeros system helped lead the cooperation with Westinghouse, everyone was very happy, wasn't it?"
Michael Jordan nodded in agreement: "Of course."
Two years ago, the construction of Unit 4 of the Rovno Nuclear Power Plant in Ukraine, through the series connection of all parties, the cost of the project that could have been completed with 500 million US dollars directly doubled to 1 billion US dollars. The profit of which can be imagined. With the help of the Stroh system, Westinghouse got a share of 600 million US dollars, which can be said to be the biggest beneficiary.
Michael Jordan is not a fool. He has heard a lot of things during this time, so he can roughly guess the purpose of Westeros' invitation to come here. It's just that, after all, he is the head of an old-fashioned industrial giant. After all, Michael Jordan is unwilling to take the initiative to surrender, and it depends on what Westeros hopes to do?
Simon was not in a hurry at all, and continued: "In addition, I also know that Westinghouse is in contact with the Chinese government for some power cooperation projects recently? Just? You know? I have a very good relationship with the Chinese government. Maybe I can help?"
Michael Jordan smiled expectantly: "Simon, if this is possible? That would be great."
"Huh? In fact, I also know that Westinghouse is planning to sell the power division, including conventional power and nuclear power business? Now pursuing orders? Just to increase the offer when selling? Right?"
Michael Jordan finally couldn't be indifferent this time? He showed a shocked expression.
After the acquisition of cbs? In order to further expand in the media field? Michael Jordan intends to make a complete transformation of Westinghouse. Recently, he has had secret contact with Siemens in Germany, intending to sell the conventional power business, and Westinghouse's leading nuclear power business is also in the next few years. Year's sale.
No more than one insider inside Westinghouse? Michael Jordan didn't expect it anyway? Simon Westero knew.
Simon knew about this? Mainly the memory of the past.
Once in history? Westinghouse Electric's "self-destruction" of continuous sales of its core business in the late 1990s shocked the industry, so much so that Michael Jordan was satirized as the head of General Electric Jack Welch who was placed in Westinghouse. commercial espionage. If you know the result in advance? Then, based on the huge network of people in the Westeros system at this time, Simon can easily learn more inside information.
After hesitating for a moment, Michael Jordan finally stopped acting stupid: "Simon, I'm sorry about some of the criticism of CBS against Igret the other day, but I didn't know about it in advance." After saying this, after a pause, Jordan added: "In this way, Simon, I will fire all those responsible for the relevant news arrangements. Do you think this is okay?"
"Very well, Mike, I like smart people who can understand each other without much nonsense," Simon nodded slightly, then changed the conversation: "However, this is just a small matter, I hope you can do me another favor."
"Please say?"
"Westinghouse ends all deposit and loan settlement business with Mellon Financial Group, and completely draws a line with it."
Upon hearing this, Michael Jordan was not only shocked this time, but even a chill ran down his spine.
Both Westinghouse Electric and Mellon Financial are headquartered in Pittsburgh, the capital of Pennsylvania. The Mellon family and Westinghouse Electric have a deep relationship for a century. During the Great Depression, if it wasn’t for the help of the Mellon family, Westinghouse Electric may not have survived until now.
Let's not talk about these for now.
Simon Westero mentioned this matter at this time, which made Michael Jordan immediately feel that the young tycoon was planning to attack the Mellon family, which is simply a precise attack on the snake and seven inches!
The many industries that the Mellon family was involved in at this time, Alcoa, Chevron, Warner Lambert, etc., were all limited to a single field, and their shareholdings were not much after all, so their influence was limited. The Mellon Financial Group, however, has an influence that covers the entire Pennsylvania and other surrounding areas. Once the control of Mellon's finance is lost, the influence of the Mellon family in the Federation will be cut in half, which is similar.
Speaking of which, Simon's intention to do this is the idea that came to him when he was reading the South Korean government's handling of Hanbo Steel's bankruptcy documents on his return flight from China a few days ago.
Industry is the organ, and finance is the blood.
Simon intends to abolish the Mellon family's 'blood' that controls the economy of the surrounding area of Pennsylvania. At this time, seeing that Michael Jordan was speechless, he continued: "Mike, this matter is not for Westinghouse Electric. What, as long as you agree, I can immediately arrange an alternative bank to take over the business of Westinghouse, and there will definitely be good discounts. This is one of them. In addition, I also know that Westinghouse's acquisition of cbs is just the beginning. In the next few years, you will intends to make a complete transformation of Westinghouse,
It's a very good idea to develop in the media field. Now the Seventh Hollywood, Disney, Paramount, and Columbia are all occupied by foreigners. This is a very depressing thing. If Westinghouse can take over in the future, it will be a good result. As long as you agree, I can promise to help Westinghouse in the media integration for years to come. You have to know that it is difficult to make it big with just TV or just movies. The future of Hollywood is the world of diversified media giants. "
Once again broken by the young man in front of him, Michael Jordan was even a little frightened, forcibly calmed down his guilty conscience, looked at the young man opposite and said, "Simon, the Westeros system and the Mellon family shouldn't have much communication, I don't understand you. Why do it?"
"If you want an answer," Simon shrugged, "This is a personal grudge."
Simon has never been a person who likes to care about things, and even, in two lifetimes, and at this position, there are not many things in this world that can make him a little bit angry.
However, this is never a world where your generosity can be exchanged for the generosity of others.
Since the Mellon family provokes them, they must step back.
Of course, it's just an excuse to get to the bottom of it.
In the final analysis, it is still a battle for control of the country.
Through the entanglement of intertwined interests, the United States has been controlled by various old money families for a hundred years. Simon, a new money junior who has risen rapidly in the past decade, wants to gain control over the country that matches his wealth. The old money family who currently holds these powers can only be knocked down.
There is only so much power in this country, and it is impossible to win-win.
So it's a zero-sum game.
Moreover, in order to ensure the development of the entire Westeros system and the safety of his own wealth, Simon had to do the same. Otherwise, let the old money continue to hold the power of this country. The bigger the Westeros system, the more it will become a fat sheep in the eyes of the powerful.
Michael Jordan also knew about Richard Mellon Scave's privately trying to short technology stocks to attack the Westeros system. As for the deeper insider, he had no way of knowing.
Simon's personal grievance is now completely unable to confuse him.
However, since sitting in this office at this time, Michael Jordan understands that he has almost no second choice.
Simon Westeros just mentioned that he can give Westinghouse all kinds of help. In fact, the subtext is very simple. If he does not agree, these "helps" may turn into "obstructions".
In China, with the influence of the Westeros system, with just one word, Westinghouse may lose the competition opportunities for potential cooperation.
In the media field, when Daenerys Entertainment acquired Metropolis ABC Group, in order to avoid cbs setting up obstacles in antitrust review, it even took the initiative to make compromises. The powerful Daenerys Entertainment needs to do this. In turn, Westinghouse Electric wants to grow its media business from small to large, and it cannot avoid each other at any step, let alone the Westeros system and Washington. The closer the relationship is, the more difficult it is to make Westinghouse difficult, perhaps it is also just a word from Simon Westeros.
On the other hand, the complete withdrawal of Westinghouse Electric from Mellon Finance, in addition to the complete disappearance of the century-old friendship between the two parties, even without the blessing of the subsequent Westeros system, the Mellon family could not cause any harm to Westinghouse Electric.
In the final analysis, it was the fundamental disparity in strength that left Westinghouse with no choice.
Quickly sorting out the joints, Michael Jordan finally made up his mind: "Simon, I can promise you. However, frankly speaking, just ending the cooperation between Westinghouse and Mellon Financial will not cause much impact on this bank."
Simon smiled: "As long as you agree, everything else is my business. In that case, Westinghouse can prepare and announce it publicly tomorrow afternoon, and I will let the Igret Portal cooperate to release a press release."
Michael Jordan was taken aback again.
Tomorrow afternoon, that is to say, even if he is inclined towards the Mellon family or the like, he will not have time to turn around at all.
After the meeting with Simon, Michael Jordan, who was still in New York with some things to do, did not stop there any longer and flew back to Pittsburgh to make arrangements.
The next day is Wednesday, February 26.
Busy until more than one o'clock in the morning last night, Michael Jordan was still in bed early in the morning when he received a call from his assistant, and then faxed an article in today's New York Times: Mellon Financial Company and Mellon family members are suspected of colluding Loan fraud, the Federal Reserve and the Federal Office of the Comptroller of the Currency launched a joint investigation.
The content of the article details the inside story of how members of the Mellon family such as Richard Mellon Skeff and Mellon Financial Group executives obtained nearly $600 million in illegal loans in the past few months to speculate on the technology stock market.
It took less than a week for the Mellon family to apply for a loan, and the review process was severely violated.
Collateral such as stocks provided by members of the Mellon family was significantly overvalued, and it was suspected of loan mortgage fraud.
The Mellon family declared that the loan was used for industrial investment, but it was actually used for stock futures speculation. The final loss was close to 90%, which brought huge risks to investors and was suspected of misappropriation of funds.
For the above violations, the top management of Mellon Financial Group took the initiative to provide various cooperation, and there were also major financial crimes.
With this in mind, the Federal Reserve Board and the Federal Office of the Comptroller of the Currency will set up a joint investigation team to investigate the various crimes committed by the Mellon family and the Mellon Group.
Michael Jordan read the press release while standing by the fax machine in his pajamas,
For some reason, the first thing that comes to mind is the various operations of Simon Westeros during the stock market crash of 1987. According to later disclosures, Simon Westeros mortgaged the proceeds of Rolla Run before the stock market crash to obtain a large amount of cash for shorting the stock market. On closer inspection, it also involved serious violations.
However, the result of that time was that Simon Westeros won a big victory.
The winner is not to blame.
This time, the Mellon family did not have such good luck.
In fact, if the Mellon family hadn't provoke an opponent like Simon Westeros, although the Mellon family lost a lot of money after a few months of speculation in technology stocks, it was not a big deal.
The problem is that I am afraid that someone will take it seriously.
Even, not only the Westeros system, but also the White House side, this time must also exert force, after all, Mr. President is still caught in the various scandals that Richard Mellon Skeff digs for money.
If there is no support from Simon Westeros, even if they know about this, the White House can only swallow it up. After all, the big housekeeper can't fight the big boss behind the scenes.
Now that there is another big boss with more wealth and wealth, of course there is no problem.
As the New York Times article has been reported on the Internet, TV and other media, the day on February 26 was a disaster for the Mellon family, which has been passed down for two centuries.
At the opening of the market that morning, the stock price of Mellon Financial Co. collapsed directly, falling by 11% in just five minutes. As a result, the stock prices of companies such as Alcoa and Chevron related to the Mellon family also fell sharply, because the Mellon family’s loan funds were mortgaged with these stocks. After the incident was exposed, the Mellon family could no longer obtain it from other channels. The money made up the shortfall, and Mellon could only sell those mortgaged stocks to cover the loss.
It's not over yet.
In the afternoon of the same day, Westinghouse made another cut, announcing the withdrawal of all cooperation with Mellon Financial, which caused a stampede effect.
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