Chapter 132 William – Wells Fargo

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Situ Nan's words made Dennis a little excited, now that California's steel production, machinery manufacturing, and oil and munitions are booming, Wells Fargo looks itchy, and it would be a pity not to participate in it and get a piece of the pie

If you think about it, it seems that cooperating with Situ Nan is not contrary to Wells Fargo's prudent approach, but the business focus is slightly biased towards the more profitable industries now.

However, Dennis Fargo still has some concerns in his heart, Wells Fargo is in his hands, and he can naturally control the direction and strength of Wells Fargo's investment, but once it is sold to Situ Nan, it is difficult to say.

With a long puff of smoke and a dissipation of the troubles at the bottom of the heart, Dennis Fargo said solemnly: "I admit that you are right, Mr. William, that you have just painted a good picture, but what I want to know is, how can you be sure that you will do it?"

As far as I know, most of the business you do is a big business with a lot of money! I don't want to see Wells Fargo end up like the vampires of New York! ”

Dennis Fargo held his breath, trying to see through the young man's heart through Situ Nan's deep black eyes. Human eyes don't lie, and Dennis Fargo wants to know if the other person can be trusted.

Dennis Fargo thinks he knows more about Situ Nan's situation than most people, and has heard of the young man Stoney William as early as 1912, when Situ Nan opened a large oil field in California.

Occidental Petroleum's predecessor, Petro-Cal, began with a sizable oil field base in Los Angeles and later grew to Texas, where it has now become a major player in the U.S. oil industry.

And the recent struck by the arms giant Bethlehem United Steel, and other speculative projects, this young man is like a magician, he seems to have a talent for conjuring dazzling magic tricks.

But in Dennis's view, the success of these cases has risks beyond people's imagination, not everyone is as lucky as Situ Nan, and Wells Fargo cannot rely on the luck of one person alone. Even if it wins ninety-nine times, if it loses the last time, it is definitely not something Denis Fargo wants to see.

He was worried that if Wells Fargo was handed over to Situ Nan, would the young and vigorous Situ Nan make Wells Fargo become risk-taking? To do that would be to go against Wells Fargo's usual prudent business strategy. For the Fargo family, who had exhausted two generations of hard work for the rich country, Dennis Fargo had to think clearly.

Situ Nan felt that the defense line in the other party's heart was about to begin to crumble, and as long as he made a promise, he could get Wells Fargo.

He turned his mind and said with some regret on his face: "I can't guarantee it, no one can guarantee the future, I can only say that I will try my best to consider this issue." After all, capital has its profit-seeking nature, and it is normal for banks to favor those industries and customers that make money, which is not artificially determined. ”

Situ Nan shrugged, looked at Dennis Fargo's somewhat disappointed eyes, and then changed his words, "However, since Mr. Fargo is worried, why don't you control the risk within a reasonable range?"

Well, I mean, if you sell Wells Fargo to me, Mr. Fargo will still be the president, and I won't have much to say about the business. Wouldn't that keep its business strategy the same?

Actually, I just want to consolidate some of my industries through Wells Fargo. That's it. And, with the cooperation between Guò and me, don't you think Wells Fargo will have a rare opportunity?

At this point, if I can't do anything more, I can only give up this cooperation with the Fargo family. ”

Situ Nan did not forget to put pressure on Dennis Fargo at the end.

If the other party still nods quietly, he has no choice but to fight for Wells Fargo from other shareholders, as long as there is a good price, he still doesn't believe that others will think that the Ge family will hold on like this?

Unless the other party is richer than himself, it is a big deal to have more blood and more effort. At that time, it will not be as easy to talk to the Fargo family as it is now, and if it is not good, it will be cleared out of Wells Fargo.

Wells Fargo, although it has a good reputation in California, will not surpass other banks too much, and it has already bought the Union Bank of California in San Francisco, which I believe will make Dennis Fargo's back like a thorn.

Dennis Fargo thought left and right, and found that the advantages were not on his side, and he also heard the meaning of Situ Nan's words. Threats, bare threats!

The shape is stronger than people, the Fargo family is not as rich as Situ Nan, he can't help but complain a little about the Wells family, if the other party sells the shares to him, he will not be as controlled by others as he is now.

Dennis Fargo felt a little bitter in his heart, but his face was still calm and said: "Mr. William, it's not impossible to sell Wells Fargo to you, but I have one condition,"

"Oh, on what terms?" Situ Nan was a little excited, and after talking for a long time, he finally heard that the bearded middle-aged man was relieved.

"The transfer of up to 15% of the shares, which can be completed in 10 years, can be written into the contract." Dennis Fargo finished speaking, staring at Situ Nan with a determined gaze. To be honest, he thought that this condition was a bit excessive, but he still hoped that Situ Nan would agree.

Situ Nan didn't speak, and looked at Dennis Fargo with some anger, and their eyes collided in the air, and neither of them backed down.

Silence・・・・・

"There's no need to be so troublesome, I just need the Fargo family to transfer 10% of Wells Fargo's shares, and then I will propose to the board of directors as the largest shareholder to introduce other investors to inject capital into Wells Fargo and double its assets."

Situ Nan said categorically, "As compensation, I can increase the price by 10%, or exchange some of the property under my name." ”

Since you don't want to transfer your Wells Fargo shares entirely, I can always inject capital to dilute your shares, right? Situ Nan thought that he wanted to show off his carriage and horses, and he did not hide his ambitions for Wells Fargo at all.

It's a bit cruel to take someone's property, but that's how you do business, and you can't afford to be a good person. Moreover, the Fago family has nothing to lose, and Situ Nan has already stated that Dennis Fargo continues to serve as the president of Wells Fargo, and they only lose the legal control of Wells Fargo.

Maybe Situ Nan made enough compensation, maybe it was helpless, maybe it was to comfort himself that after Wells Fargo has such a strong partner as Situ Nan, it will definitely develop even bigger, in short, Dennis Fargo made a difficult decision, he turned his heart sideways, spread his hands, and said with some relief: "Okay! Young man, you win! ”

"Thank you. Mr. Fargo, I am confident that our cooperation will be lasting and fruitful. Situ Nan excitedly shook Dennis Fargo's hand.

"By the way, now that the two of us cooperate, Wells-Rich Quoc can be renamed William-Rich Fargo, right?" Situ Nan said jokingly.

Americans have always used surnames as the name of companies, and this time Stuart Nang replaced the Wells family, and if it was really as he said, William-Phu Fargo merged into the name of William Fargo, the leader of the previous generation of the Fargo family.

Judging by the name, there is also some vanity comfort for the Fargo family.

William's surname is very few, but Williams has a lot of surnames, Dennis Fargo looked at the high-spirited young man named Stoney William in front of him, and felt a little emotional, but he was a little concerned about the Wells family's "eating inside and out", and he was not righteous, so Situ Nan said that he would change the name of the company slightly, he nodded, and then agreed.

Situ Nan also said it casually, but he didn't expect the other party to agree at once. But it's also a matter of pride to put your last name on Wells Fargo.

"Thank you! The new bank is called William Wells Fargo! Mr. Fargo, I believe that this is a testimony to the friendship between our two families! Situ Nan held Dennis Fargo's hand tightly, and he was even more excited.

(To be continued!) Ask for collection recommendations. )

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