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Not long after returning from Schwab's Loreto Gardens, Stuart met Eugene Fudget de Grace, who had traveled from Bethlehem to New York to meet Stuart.

Athletic Eugene Fugget Grace is a tall, strong, energetic, well-educated and experienced athlete who is the perfect person to take the helm of Bethlehem Steel.

He proposed a diversified business strategy to build Bethlehem Steel into a supercarrier integrating steel smelting, machinery manufacturing, shipbuilding, and military manufacturing, which Situ Nan greatly appreciated.

The meeting went smoothly, and after Situ Nan assured Eugene Fuggy Grace of his position in the new company, Eugene Fugget Grace suddenly became the most enthusiastic about this cooperation.

After getting Eugene Fuguet de Grass, the iron was struck while it was hot, and the shareholders of the Bethlehem Steel Company urgently convened a meeting, and in secret, the two steel companies quickly passed a resolution to merge.

After being assessed by Robles Securities, Bethlehem Steel has a market capitalization of around $250 million, and Calsteel's assets exceed $200 million.

Since California Steel is not publicly listed, it is undervalued, and in fact the value of the two companies is actually about the same, a fact that is mostly recognized by shareholders on both sides.

Therefore, this strong alliance is a rare opportunity for Bethlehem Steel Company, thinking that its business will expand from the east coast to the west coast at once, and complete the industrial layout in the country, so the strength has become stronger.

Because Bethlehem Steel has a strong reputation and is also listed on the New York Stock Exchange, in order to retain its license on the stock market, the name of the merged company is Bethlehem United Steel Steel, or New Bethlehem Steel for short.

As a result of the merger, California Steel became a West Coast subsidiary of New Bethlehem Steel Company, and all of its original operations were merged into New Bethlehem Steel Company.

In the name, Bethlehem Steel Company merged with California Iron and Steel Company, but in fact Stuart South merged with Bethlehem Steel Company.

He was the biggest winner of this operation, he originally held about 80% of the shares of California Steel, and after the pro-rata allotment, it became about 38% of the shares of New Bethlehem Steel, plus the 16% of Bethlehem Steel's shares originally held by Robles Securities were converted into about 8.5% of the shares of the new company, which adds up to 46.5%!

Although this figure is not more than half, for a large company with a market value of $500 million like Bethlehem United Steel, almost no one can shake Situan's control over the company.

In order not to be in the limelight, Situ Nan did not want to put his name on the list of shareholders of Bethlehem United Steel, so he transferred his personal 38% stake to the name of his California Investment Holding Company, which was registered in Los Angeles. This company was founded by him as a sole proprietorship.

Situ Nan wants to hide behind the scenes to make money, but that doesn't mean others don't want to be in the limelight, Charles Schwab has recently become the most popular figure in the United States, and he got his wish to get the chairmanship of Bethlehem United Steel.

As the chairman of the newly baked second-largest steel company in the United States, Schwab has naturally become the darling of the media. I don't know if I've been laughing too much lately, Schwab feels a few years younger, a little more energetic, and a little bit of the pride and ambition to leave Carnegie Steel and start a new stove.

The birth of the Bethlehem United Steel Company caught everyone off guard, and Schwab, who jumped out at the right time, just met the public's curiosity.

The news of the newly formed Bethlehem United Steel Company was reported in the major media in New York, and Charles Schwab's face appeared on the front lines of the newspapers.

The Americans once again saw Schwab's demeanor, and the media then shook out all of Schwab's resume, Schwab once represented Carnegie Steel and Morgan in negotiations, made great contributions to the establishment of American Steel, and later his feud with Morgan Sr., and ran out to found Bethlehem Steel Company, all of which were published in the newspapers.

It dawned on people that, oh, it turns out that this man named Charles Schwab was so good a long time ago, and he did such a sensational thing, which is really amazing.

Shining halos such as Carnegie of the new century, the new steel magnates, entrepreneurs, etc., flew to Charles Schwab's head.

From scratch to today's Bethlehem Steel Empire, doesn't this fit with the American Dream in the hearts of Americans? So many people began to idolize Schwab, and he seemed to have replaced Carnegie as the new steel king, and became a figure on a par with Rockefeller and Ford.

In short, Schwab was on fire, and even the German submarine incident, which caused a lot of uproar some time ago, was squeezed into the corner of the newspaper by Schwab's big headshot.

Schwab was so excited that he once led reporters on a tour of his Loreto Garden, where he showed off his diligence, his talent, his achievements to the media, and almost everyone's attention was drawn to him.

As for Situan's situation, it was tacitly ignored by the official Bethlehem United Steel Company, and there were many reports about California Iron and Steel Company, but the name Stoney William was never mentioned.

In fact, only a few members of the board knew about Situan's situation, and the others were other than the big bosses who didn't know about them, and they thought that Schwab, who appeared frequently in the newspapers, was the master of Bethlehem United Steel.

There is also an obscure person who is Eugene Fuguet de Grass, not because he doesn't want to be famous, but because he simply doesn't have the time.

As the president of the new company, the company's big and small things are on his shoulders. He was so busy integrating the original company's personnel, sorting out the finances, arranging new people to be in charge of the company's new plans, etc., and he was so busy that he didn't have time to take care of the ups and downs outside.

Situ Nan arranged a helper for Eugene, who was the former head of California Steel, James White. This conscientious middle-aged man, after meeting Situ Nan, was finally able to show his ambition and develop a small Bock steel plant into a steel giant in the western United States, California Iron and Steel Corporation.

Moreover, he was in charge of mortar factories, rifle factories and other enterprises, which can be described as high merit and hard work. Over the years, his efforts and dedication have been seen in his eyes and remembered in his heart, so this time James White also became the vice president of Bethlehem United Steel Company. But he can't leave for the time being, and the company in California still needs this old boss to support him.

When Eugene Forgedegrass straightens out the company's relationship, James White will become Eugene Forgedegrass's deputy, and he will also be Situan's representative in Bethlehem Steel, and will be Situan's pawn to balance Eugene Fugudegrass, so as not to let Bethlehem United Steel Company break away from Situan's control.

It was not only James White who oversaw Bethlehem United Steel, but also Robles Securities, which was one of the major shareholders of Bethlehem United Steel.

In addition to Bethlehem United Steel, representatives of Robles Securities Company also served on the boards of large companies under the name of Stuart, such as Kodak, Occidental Petroleum, and Stoney Foods.

Although the stake in these companies is small, it becomes the link that binds these companies together and provides financing services to these enterprises.

Before Situ Nan had come up with a large bank as the fund settlement center of the consortium, Robles Securities played this role for the time being.

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