Chapter 0285 - A Big Shot Many Years Ago
On December 31, French time, at nearly half past seven o'clock in the evening, the main study of the first family's large estate outside Paris.
The old man asked, "What did this Miss Ferdinand like about the Sith Department Store? Or what did the Good Mood Consortium like about the Sith Department Store?"
Ron said, "The department store in the Solar Building was delivered by the Seven Hundred Companions department store, and the food in the supermarket was delivered by the company. β
The old man asked, "What special subsidiaries are there in the Sith Department Store?"
Ron thought for a moment and said, "There are five, the first was founded in the twenties, it turned out to be the second in the United States, and currently the fifth property and casualty insurance company, Oste Financial Services. The second was acquired in '81, the largest and currently the third largest real estate brokerage company in the United States, Coase Real Estate. The third was also acquired in '81 and is currently the sixth largest securities company in the United States, and Diess Securities Brokerage, which is mainly engaged in mutual funds. The fourth was established in 85 and is currently the third largest credit card in the United States, the issuing company of the Sith Credit Card, the Sith Credit Corporation. The fifth is the Western Automobile Supply Company, which was acquired in '88. β
"Sith credit card. The old man muttered to himself.
Ron looked at the file and said, "There are about 70 million Sith credit cards issued in the United States, and about one in every two American adults has a Sith credit card. β
The old man thought for a while and said: "It's not this, the Good Mood bank card relies on major banks, which is more convenient than this credit card." β
"Then it's the Sith department store itself, but it's not the Good Mood Foundation, it's Miss Ferdinand herself, and she'll open a convenience store inside the gas station later. In addition, Ostel Financial Services has a car insurance business, and Western Automobile Supply has many stations, which are useful for the car companies under Miss Ferdinand's name. "Also, the Sith Department Store has 30 of its own manufacturing plants, and more than 10,000 OEM factories to make movie props, which is great." β
"Are the industries complementary?" said the old man with a smile, "but it is possible." He continued, "The Siess department store has been the number one retailer in the United States since the early twentieth century, but it has been in business since the mid-eighties, and it has declined since the nineties. However, the hundred-legged worm is dead but not stiff, and if it is all owned, it can be ranked second, but now that Miss Ferdinand only owns seventy percent of its shares, this card can indeed only be ranked third. β
"Father, if you say that, the number one position will be changed. Ron laughed.
"Oh," the old man asked with a smile, "what company is so powerful that it can compare with one of the top ten oil companies in the world?"
"Western Industries, founded by Westinghouse, has a 50 percent share of the world's nuclear power market and 60 percent of the United States. Ron smiled and asked, "How about this?"
"Twenty years ago, it was true that it could have been ranked first, but now. The old man said with a smile, "The Western Industrial Company has eight systems, including the broadcasting system, the electronic system, the environmental protection system, the financial service system, the industrial system, the office supplies system, the power system and the scientific research system. In '88, it sold Pyra Films to Michael Entertainment, and later listed Biya Records in its entirety, which was tantamount to abandoning the broadcasting system, but even so, the money it got didn't make it through, and it was still bought in '94. Then he asked, "I remember that Western Industries was bought by the famous 'one-handed' Hoshu Aerospace Airlines, so it was released?"
"Yes, the Hull Company has taken the nuclear power division of the Western Industries Company related to the defense business and part of the scientific research department, and the rest of the nuclear power part, including the civil nuclear power part, was sold to Miss Ferdinand not long ago. Ron laughed, "The second big third card is the current Western Industries. β
"At the time of the Huo Xiu Company, the Western Industries Company was barely developing, and was only completing the old contracts. The business of the US Department of Defense and the nuclear power business of various countries have also stopped. The old man asked, "What's the news next?"
Ron said: "There are two things that can be confirmed now, first, the nuclear power business will stop after the contract is completed. β
The old man interjected and asked, "Why is that?"
"It is said that because some technical and professional personnel are in the hands of Huo Xiu Company, there is no way to build it in the future. Ron said.
"It's a pity. The old man said.
"Second, we will turn wholly-owned factories in various countries into subsidiaries and operate them in different regions. We will evaluate the technology of the joint venture plant and sell it to a local company or the government if possible. If not, they will sell their shares to other U.S. companies at a low price, such as General Electric Company. Ron said, then laughing, "A typical company is too big to manage." β
"For Miss Ferdinand, what is most needed is the scientific research system and technical personnel of the Western Industrial Company, which is the accumulation of Western Industrial Company for a hundred years, but I don't know how much will be left after being passed by the Huo Xiu Company. The old man asked, "By the way, how much did Miss Ferdinand spend on the acquisition of the Western Industries?"
"After removing the nuclear component, the value of Western Industries will be reduced by more than half, and experts estimate that it will be up to $30 billion," Ron said. β
The old man said, "Now this card can really only be ranked fourth. β
"The third biggest card in Miss Ferdinand's hand is the Luster Automotive Group. Mr. Bartlet and Miss Ferdinand had been buying the automobile company since '89, and that was probably the time when Miss Maidrey wanted to fly over the cliff continuously. Ron said.
"I remember that Mr. Bartlet went to Germany in '89 and tried to buy Ferrari and Alfa Romeo from Fiat, Mercedes from DamΓΌller and Baojie from Dazor. The old man smiled, "And in the United States, Miss Ferdinand acquired Luster Automobile Company from the General Automobile Group, Astern Martin Automobile Company from the Foote Automobile Group, Lamborgini Automobile Company from the Collesler Automobile Group, and also absorbed the Bujati Automobile Factory and the Deto Marceau Automobile Factory with the Masarradi brand from the Noble Automobile Group, and formed a supercar group dominated by the Noble Automobile Company. ββ¦β¦