Chapter 269 - Major shareholder of BMW

Nick, the representative of the German government, looked at the representatives of both sides, and then said loudly: "Today we are here to discuss the acquisition of BMW by the Dragon Soul Ordnance Complex. As you know, our German economy is in a difficult situation right now, but since His Excellency Chancellor took office, the situation has been reversed somewhat, and this is because of our economic policy. In particular, the enactment of the Mandatory Cartel Act. Under this law, the Minister of Economy has the power to regulate existing industrial complexes, to compel industrial enterprises to join existing cartels, to prohibit the establishment of new enterprises and the expansion of old ones, and to determine the extent to which existing businesses must be used. However, now our government does not want to use the cartel coercion law to achieve a merger and reorganization to revitalize the economy, we still hope that each enterprise can solve this problem through independent negotiation, so today's merger and acquisition case is a good thing for both of you! Now the negotiations begin! ”

On January 31, 1933, Hitler was elected Chancellor of Germany, and on March 4 of the same year, Roosevelt was inaugurated as President of the United States. Both came to power at the same time and took measures to solve the economic crisis almost simultaneously. The two men's new policies to resolve the crisis are largely identical, and in terms of effectiveness, Germany has recovered much faster than the United States. In 1933, the German economy came to a standstill, with 6 million unemployed, and if you add 4 million temporary workers, almost half of Germany's 66 million people are struggling with hunger and poverty. Add to that the effects of defeat in World War I, and Germany should have been in a terrible situation.

The German government is not enforcing the cartel law for the time being, fearing that small industry and business owners will be dissatisfied. In general, small businesses are deeply afraid of the influence of cartels because they believe that the cartel will become a tool for big business to swallow up small businesses. Another reason is that the adoption of the new cartel law and the various measures adopted under it have greatly stimulated the de-cartelization of the industrial sectors and the establishment of various enterprise agreements, so that the Minister of National Economy does not have to impose the new law.

There are many issues that cartels need to deal with: preventing overproduction in industry; Seek to make it easy for an industry to engage in new production. to adapt to changes in consumer fashion and other market fluctuations; find ways to adapt industries to new raw materials; mediate seasonal fluctuations; Maintain a balance among large and medium-sized enterprises in a given Ministry of Industry; Ensuring that the independence of an industrial production process is not infringed upon by other companies; delegate to large business a number of tasks necessary for the national welfare; prevent excessive mechanization in order to maintain the interests of highly skilled craftsmen; Maintain the division of labor between similar enterprises so as not to waste labor and production resources.

Under such circumstances, the Dragon Soul Ordnance Consortium wanted to acquire some affiliated companies, and the German government and Hitler also fully supported it. Those enterprises that do not operate well and suffer serious losses, if they are merged by the Dragon Soul Ordnance Industry Consortium. It will definitely become a profitable company, because the development of the Dragon Soul Ordnance Complex is very fast, and it is precisely when the equipment and human resources of these enterprises are needed.

In July 1933, the "General Council of German Economy" was established under the Reich Ministry of Economy, which was directly controlled by the monopoly oligarchy and was responsible for directing the formulation of national economic policies and decrees. So Nick's arrival shows that the German government attaches great importance to this merger and acquisition. After all, now the Dragon Soul Ordnance Complex is still the general contracting company of the new German tank project.

Xiao Weiguo said happily: "I am very happy to welcome our Mr. Nick today to escort our acquisition of BMW. I would like to express my gratitude to Mr. Nick. I also request Mr. Nick to convey my greetings on his behalf to Minister Schacht and Prime Minister Hit. Well, to get down to business, our purpose today is very simple, that is, both parties will happily transfer the ownership of BWM to the Dragon Soul Ordnance Complex, and of course we will give a good price. Presumably, several shareholders of BWM have no objection to this, right? ”

BMW's largest shareholders are the Quandt family, which still maintains the family tradition of humility, understatement, confidence and tenacity that has been maintained since the mid-19th century. The Quandt family is very low-key, never using the family name as a product trademark or business name, and trying to avoid their own name in the media. As the richest family in Germany. The low-key Quandt family was also a shareholder in BMW, Daimler-Benz, the chemical conglomerate Altana, the Deutsche Arms and Ammunition Factory, which produced Mauser rifles, and the Varta battery. The history of the Quandt family's prosperity can be traced back to the first generation of founder, Emile? Quandt. In 1865, in the small town of Pritzwalk, northwest of Berlin. The 16-year-old Emile began as an apprentice in a textile mill called Imperial Wool Weaving and worked his way up to shop assistant and business manager. A year after the death of the factory owner, Dreig, the Emile officially took over the factory and married Dreig's daughter, Hedwig. Together with his wife and brother, he bought the factory for 35,000 thalers, and since then he has started the legendary road of the Quandt family.

It can be said that this is another story of a son-in-law who made a fortune. Emir maintains good relations with other local manufacturers. And he understood early on the benefits of working together between companies. His career flourished thanks to the regional industry monopoly with three powerful local textile mills. In 1870, the Franco-Prussian War broke out, and the demand for military uniforms soared, leading to a surge in textile mill business. Thanks to such large customers as the North German Federal Navy, the Emir's textile mill survived the depression of German capital in the 70s of the 19th century.

A second-generation member of the Quandt family, Günt? Quandt has an innate flair for business. Accurately predict market trends and be good at dealing with governments. He was raised by his father as an heir from an early age, and at the age of 15 he entered Berlin to receive a metropolitan education. At the end of the 19th century, after suffering from severe bile and liver diseases, Günther returned to the family business at the request of his father after two years of living in Berlin, where he underwent six months of training in textile technology, mechanical principles and business administration. Unlike his conservative father, Gunter saw the need for further expansion of the business, and he bought a relative's weaving mill for 1.1 million Reichsmarks, managed it independently for six years, and expanded the factory extensively. During the wave of secondary industrialization in Germany, Günther proved his abilities to his father. At the outbreak of the First World War, the Quandt family keenly seized on the huge orders for military uniforms brought about by the war, and increased production fourfold, making a huge profit. (To be continued.) )