Sloane just had to wait patiently for Pierre. DuPont drove Lascob away, and then handed over the power to himself, and he was the man of the GM empire!

"Damn bastards, damn white-eyed wolves!"

Lascob returned home and threw a few fine porcelain pieces on Pierre. Dupont's "betrayal" lingered, and he knew Pierre too well. DuPont, it seems that he has a choice, but in fact, he has no choice, even if he pats his chest and says that he has done a better job than Sloan, Pierre. Can DuPont put himself in position?

No!

No, it won't!

He is one of the shareholders of General Motors, not a professional manager without equity like Sloan. DuPont may be afraid of Sloan in the future, but it is even more worried about its partner!

The DuPont family is greedy, and they can't hold all the good things in their arms, don't share them with others, no matter how good they are, they won't become a member of the DuPont family.

Except for members of the family, outsiders do not want to hold high positions at DuPont.

If it weren't for the fact that General Motors was not founded by the DuPont family, and the DuPont family occupied the magpie's nest halfway through, and did not fully control the GM company for the time being, Sloan, an outsider, would not have become the CEO.

"I'm not surnamed DuPont after all, it's time to plan for myself!"

After venting, Lascob finally accepted the reality, instead of being angry with the other party, it is better to build a skyscraper and make a name for himself!

Lascob didn't want the other party to easily calculate himself without paying a little price, so he made a decision.

Right here at Pierre. When DuPont was a little impatient, Lascob finally relented and agreed to quit General Motors to build the building, and he asked General Motors to borrow no less than $50 million to build the building for himself.

"John!"

On the other end of the phone. Pierre. DuPont called Lascob's name affectionately as usual, saying, "You know, it's not appropriate, and the board of directors won't agree to let you build a building with the company's money." ”

"Pierre, I know you have a solution. Haven't you always wanted to increase your stake in a car company? How about I pledge my GM shares to you? ”

Rascob bargained.

He knew how greedy the DuPont family was for GM and would have agreed to his terms.

That's right, Lascob was going to build an Empire State Building for himself, not for General Motors!

Pierre. DuPont was really impressed, and after some bargaining, Lascob got the funds to build the building, and the DuPont family was about to get a stake in General Motors in Lascob's hands.

If you go to the financial market acquisition, Pierre. DuPont is confident that it can increase GM's stake to 40 percent, or even 50 percent!

Pierre. DuPont was a little reluctant to break up with Lascob. Don't forget to remind the other side to develop in politics, the DuPont family will support Lascob's development in politics, and cited Andrew to Lascob. Mellon's example.

Walk into Pierre again. In DuPont's office, Sloan was faintly excited, and things should have come to an end!

"Can't you even be a cripple?"

Put down the phone, Pierre. Dupont's teasing tone echoed in Lascob's ears. DuPont's reference to Governor Rosscher, who had recently risen to prominence, touched Lascob somewhat of a bit. Lascob muttered, yes. Even a cripple can be a governor, so why can't he be president?

He didn't make an immediate decision, but he said that he would not forget his friendship with the DuPont family, and now the center is working to build a building that will make him famous for all time, and intends to use GM funds to help his dream!

"Borrowing?"

Sloan was unhappy with Rascob's conditions if he lent money to the other party. The building will have nothing to do with General Motors, and the building will not be named after General Motors at that time.

"What do you think?" Pierre. DuPont didn't want to fall out with Lascob, after all, he and GM owed each other something, and he was inclined to agree to Lascob's terms.

"Okay!"

Sloan gritted his teeth and agreed. That's all there is to it.

Pierre. DuPont smiled, Sloan's playful attitude made him admire, seeing Sloan's depressed face, he comforted him again: "Don't worry about the funding, GM's business is in good shape, and it can issue new shares in the market to raise funds, I have already informed Morgan firm, and they are willing to help." ”

"Then I'm relieved!" Sloane smiled.

"By the way, Morgan & Co. appreciated your idea of buying GM in installments, and thought it would improve the company's performance, which was a genius idea."

Pierre. DuPont praised.

"Doesn't Morgan & Co. dislike this kind of small business? The idea was a good idea, but the risks were so high that the banks were reluctant to provide credit support, so much so that we had to set up our own auto finance company. ”

Sloane shrugged and said with some disgust.

In order to implement the installment business, he broke his leg and found all the big banks in New York, and all the bank managers were unwilling to take on this high-risk business, so that General Motors had to set up its own auto finance company and let the auto finance company provide loans to customers.

This caused Sloan to suffer a lot of criticism inside and outside the company, and almost tore his face with Lascomb. DuPont supports Sloan's initiative.

That's how Sloan persuaded Pierre. DuPont's, "Lincoln and Cadillac, which are of similar quality, if General Motors provides financial support to help consumers reduce financial pressure, then consumers are more inclined to buy Cadillac, because they don't have to pay the full price, only need to pay a part of the money to drive the car they want home." ”

After a difficult start, installments were accepted by Americans, car loans became more common, and General Motors tasted the sweetness of this policy, actually increasing car sales by 150,000 units in the first quarter!

Later, the more and more, it has to be said that the aggressive sales strategy became their magic weapon to surpass Ford and Chrysler Motors, so that Ford Motors and Chrysler Motors had to follow the trend of implementing the installment sales method, and also established their own auto finance companies.

A significant portion of the cars sold by General Motors are now sold in installments, and the success of the installment sales of the three major auto giants has certainly attracted the attention of Wall Street banks. They came to the door to ask for cooperation.

"Even if the Morgan firm is a big business, who doesn't like the billion-dollar auto finance business?"

Pierre. Dupont smirked.

"That's right, now GM Finance's business has exceeded $100 million!"

Sloane laughed, proud in his heart.

If the auto finance business were pledged to a bank, GM could easily raise more than $100 million.

And it's a fast-growing market, and Sloan doesn't want GM's auto finance company to be infiltrated by Wall Street's wolves. So to Pierre. DuPont mentioned that Morgan & Co. was interested in auto finance, and he was wary.

Although the Morgan consortium is also one of the shareholders of General Motors.

Sloan is not averse to cooperating with Morgan & Co., he added: "It is expected that the U.S. auto market will be further expanded in the future, and our previous plan to build a new car assembly line on the East Coast is now ripe, and I am ready to build a new Buick factory in Buffalo, which is expected to be put into production in six months, which can increase the company's production capacity by 100,000 vehicles, which will greatly help us compete for the car market in New York State." ”

"Well, rich Yankees still prefer luxurious and beautiful Buick cars. I'm sure you'll succeed. "Pierre. DuPont nodded in agreement and encouraged.

He also knew that if he hadn't invested in a new car factory, Sloan wouldn't have been so vehemently opposed to Lascob's plans for the building.

Now that the U.S. economy is booming and auto giants are easily able to raise money in the financial markets, Sloan and Pierre. DuPont also discussed the issuance of new shares by General Motors and reached a consensus.

Leave Pierre. In DuPont's chairman's office, Sloan smiled and walked much lighter.

Now the problem is solved. GM by Pierre. DuPont received more funding from Morgan & Co., with Sloan and Lascob getting their place. Pierre. DuPont has also achieved its goal, and in the process of issuing new shares, the DuPont consortium will absorb a significant portion of the new shares and further increase its shareholding in General Motors.

After Sloane left, Pierre. DuPont also soon left New York to return to Wilmington, Delaware, the home of the DuPont family. Negotiated with key members of the DuPont family to raise funds to purchase new shares in General Motors.

DuPont Chemical is also making money, but not as fast as General Motors. The consent of the family members is Pierre. DuPont's idea, they are also optimistic about the automotive market, and at the same time look forward to developing DuPont's financial business through auto finance.

Finance has always been a flaw for the DuPont consortium, because there is no large core bank. The DuPont consortium had to rely on the Morgan consortium for financial support, which allowed Pierre. DuPont is not happy.

However, the new financial business of auto finance made him see the opportunity for the DuPont family to enter the financial industry, just imagine, through the car installment payment for countless car consumers to issue loans, the DuPont consortium can suddenly circle a large piece of land in the personal financial market, if the future expansion of the business scope, such as insurance, bonds, stocks and other businesses, is it also possible?

In his vision, this is a bright prospect for him to see DuPont's financial business rise to become a major force on Wall Street.

On the day Sloane and Lascob quarreled on the board, Pierre. DuPont stood in front of the window for a long time, thought a lot, and decided to kick out Lascob and support Sloan, not only to control General Motors, but also because of Sloan's talent in auto finance.

……

Lascob gets Pierre. After DuPont's promise, he was finally reassured and quickly submitted his resignation to General Motors, and at the same time sold his shares in General Motors to raise funds to build high-rise buildings.

He began collecting land in Manhattan, contacting Wall Street bankers to pitch his mansion plans.

After the Chrysler Building began, New York's wealthy people were eager to make a move. Chrysler competed, and many people were interested in Lascob's building plan and expressed their willingness to invest.

People have a comparison mentality, the nouveau riche especially want people to know their own bull fork, the twenties are the era of prosperity, the more economic prosperity the nouveau riche, the more comparison mentality.

Before General Motors could get the money, Lascob had already received tens of millions of dollars in intended funds.

This has a lot to do with his reputation, after all, he is a partner in the DuPont consortium, as well as the CFO and shareholder of General Motors, and although he has resigned, in the eyes of many, his skyscraper plans are actually a competition between the two car empires of General Motors and Chrysler!

In an interview with the New York Times, Lascob triumphantly said, "That's right, I'm going to build an Empire State Building, a super building taller than the Chrysler Building!" ”

As soon as this remark came out, public opinion suddenly stirred up a sensation and stirred up another wave. The newspapers in New York were even more bloody and decisively found Walter. Chrysler, ask him what he thinks of Rascob's remarks.

Ask him what he thinks?

This is the most benign and subtle expression, but in fact, the reporter's tone is absolutely full of provocation, sarcasm, and sowing discord.

Actually, there is no need for reporters to provoke it, Walter. Chrysler has long looked at Lascob unpleasantly, and when Lascob worked at General Motors, the two were bitter rivals.

"The Empire State Building in Lascob? Why didn't I see it, all I saw was the air, where was his building? On the contrary, the Chrysler Building will stand in Manhattan in a year's time, becoming a world-renowned existence! ”

Walter. Chrysler sarcastically said, not forgetting to use Lascob's expulsion from General Motors to satirize the other party, "Mr. Lascob was abandoned by General Motors, he was a failure, trying to attract public attention under the guise of building a building, I understand him very well, I am very sympathetic to his suffering, but he delusionally wants to build a building more than the Chrysler Building, which is unrealistic, I hope he will recognize the reality as soon as possible." ”

Walter. Chrysler's words were processed by newspaper editors to become even more powerful, almost portraying Lascob as a self-defeating clown, trying to sell himself to gain public attention and heal his injuries from being dumped by General Motors.

When Lascob saw the news, he was so angry that his lungs exploded!

I was indeed kicked out of General Motors and had no chance to fight Walter in the auto industry. Chrysler has competed, but in high-rise buildings, he must surpass Chrysler!

Soon he found a well-known architect, William. Ram, as soon as they met, asked, "How high can the building be?" ”

After pondering for a moment, Ram replied, "1050 feet (320 meters)." ”

"What about the Chrysler Building?"

"I don't know, but it's not too much more than 1,000 feet, and any higher, the financial and technical problems are even greater." William. Ram replied.

He was very envious of the designer of the Chrysler Building, and he also looked forward to the opportunity to play a big, and now famous nouveau riche in New York, Lascob, wouldn't he just come to the door?

Although it is unclear how tall the Chrysler Building is, even if the newspaper says how high it will be before it is completed, it may be a smoke bomb.

Lascob was very unhappy with the architect's answer, clamoring to surpass the Chrysler Building anyway. (To be continued.) )