Chapter 105: Finalizing the Cooperation Intent
The first to find out the "inside story" of the matter was Tom Jr. Pen, fun, pavilion www. biquge。 info This kid immediately found the guy who was connecting Hughes and the DuPont family. Who is this man? John knew him well, as did Hughes and Tom. This man was their mutual friend in the flying club, President Roosevelt's son Franklin Jr.
Didn't little Franklin catch up with Miss Ethel, the princess of the Dupont family, last year, and annoy his father. At that time, the outside world believed that Franklin Jr. took the initiative to pursue Miss Ethel of the DuPont family, and that the Roosevelt family, the top political tycoons, was bowing to the top business tycoons of the DuPont family, marking the victory of the big chaebols in this ultimate wrestling with the government for decades.
As a result, little Franklin, who was proud of his love, was taught a hard lesson by his father, and after graduating from college, he couldn't even find a job, so he could only continue to go back to school. Even if Roosevelt later eased his relationship with the chaebol and accepted his daughter-in-law, he didn't give his son a good look. Little Franklin helped Hughes and the DuPont family match up this time, just to take the opportunity to earn some "intermediary fees" and do something on his own after graduation.
As for Hughes himself, in fact, he has nothing too deep to do with either the Rockefellers or the Dupont family. When his father was alive, Hughes Tools had a close relationship with the Rockefeller family, but Hughes had never taken care of the entire family business since he inherited the entire family business at the age of 18. Over the years, he's either playing movies or airplanes, and Hughes Tools has always been managed by a team of professional managers. So Hughes and the Rockefeller family don't have any friendship.
Having figured this out, John was finally relieved. No matter how he looks at it now, he thinks that the cooperation with United Aircraft is a good business. He called Hughes and asked him out to talk about the cross-swap.
If a while ago, when Hughes was still working with the New York World Expo Bureau all over the country to do publicity, it would have been difficult for John to find him. Now that he has neither a cell phone nor an internet, he can only learn about Hughes's whereabouts from the newspaper. But just last week, Hughes finally ended his campaign and officially became the press spokesman for the Fight for Freedom committee. In the past two days, he was in his office on K Street, happily exchanging views with Lindbergh in the media.
After receiving a call from John, Hughes took him to a burger joint in the eastern market of the District of Columbia. John had expected Hughes to ask him out to a fancy restaurant near K Street, where the Washington lobby congregate and where lobbyists and politicians "talked" before the Federal Lobbying Act was introduced. I didn't expect it to be this kind of fast-food restaurant in the neighborhood market.
The Eastern Market is the largest neighborhood market in Washington, D.C., with hundreds of shops of all kinds, open Tuesday through Sunday. On weekends, the street in front of the market is closed and turns into a flea market. Many vendors set up stalls there selling fresh produce, handmade jewelry, clothes, antiques and art. In his previous life, John liked to visit this kind of market in the United States, and he could always find a lot of good things at extremely cheap prices. However, it was the first time he had come to such a place after crossing over.
Probably because the neighborhood market that John visited in his previous life was very retro in itself, in short, the stone pavement, arcades and shop furniture of the eastern market gave him a sense of déjà vu. Hughes's burger joint, right at the entrance to the market, looks like it's doing well, and even the small outdoor tables are almost full. When John arrived, Hughes was already waiting for him in a window seat in the dining room. On Hughes's recommendation, John ordered a quarter-pound single-layer beef burger set.
"How did you come up with this?" While waiting for the meal, John asked casually.
"I just want to relax, every day of the week is either a banquet for the media boss, or dinner with the parliamentarians, and I can't eat a single meal." Hughes was apparently accustomed to being free, and could not adapt to political life in Washington for a while.
Soon, John's burger was served, and the patty was made of fresh beef instead of frozen meat, and some parsley was put in it, and it was served with onions, tomatoes, and pickled cucumbers. It's no wonder business is so good here, considering that Americans are picky about beef patties for burgers. Some states even have a clear law that only a patty with more than 70% beef can be called a burger, and everything else can only be called a sandwich. In his previous life, John made a joke when he ordered, and people didn't treat the chicken thigh burger as a burger at all.
John and Hughes chatted about working with United Aircraft Corporation as they ate. Who would have thought that these two men drinking beer and munching on hamburger fries in a small burger shop in the neighborhood market were talking about a big business involving enough money to buy the entire eastern market.
"Fleet personally came to you to talk about a cross-swap?" Hughes took a sip of beer, "Looks like he really can't take it." ”
"yes, in retrospect, he did look anxious." John thought of the other party's damp palms when he shook hands with Fleet, and suddenly felt a little nauseous, "I guess he has a sympathetic nerve problem, and his hands are sweaty, which is probably caused by long-term emotional stress." ”
Hughes didn't know what sympathetic nerves were, but he understood what John meant. Fleet is under a lot of pressure right now and it's a good opportunity for them to raise their offer.
"How many shares are you going to give in exchange?" Hughes did not even raise the question of whether to cooperate with United Aircraft. He and John were very much on the same page on this point, and it would be a shame not to seize such a good opportunity. The key question now is how many shares to exchange.
"I looked into it, and Fleet would have to give up at least another 12 percent of his stake to get government approval. According to the market capitalization, it can be exchanged for about 30% of the Hughes Aircraft Company shares. John said, "In that case, Fleet only needs to attract a few more minority shareholders, and his shares in the company will exceed those of the two of us." ”
"It's a little too much." Hughes wiped the ketchup on his hands with a napkin, "I can only give him 20% at most, and I can consider making up the rest with cash." ”
John rolled his eyes when he heard this, Hughes was really rich, and he took out millions of dollars without frowning. John didn't have that much money, and he had other plans to spend it. "My opinion is to delay it and wait for next year's military order to officially come down before talking, and then the company's market value can rise a lot."
Hughes Aircraft has now essentially received an order for the D-2 bomber, just waiting for Congress to approve a new defense budget early next year. If the H-2 can also pass the review before the end of the year, and catch up with this batch, the market value of Hughes Aircraft Company will at least increase by a large margin.
"Okay." Hughes nodded, agreeing to John's proposal: "And what about until then, dragging Fritt all the time?" Will he not be able to afford it and find another home? ”
"Let's hang him with the matter of the two joint ventures first." John is not worried about this, "It's already December, so it's a big deal to promise him first, delay the asset accounting, and the order will come down by the end of January at the latest." ”
"How about merging that lab of mine into a new company?" After Hughes relinquished control of the company, John set up a separate Hughes lab for him. Hughes obviously has a crush on the United Aircraft R&D team and wants to join a joint venture design and development company with United Aircraft.
"Absolutely." John was both hands in favor of the move. Hughes used to "scourge" him alone, and now it's great to have Fritt take the blame with him! "I'll get in touch with Fleet tomorrow to finalize the big picture of the cooperation."