Chapter 124: Schwab's mind for the annexation of Bethlehem Steel
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Under Robles' arrangement, Stuart finally met Charles Schwab, a leading figure in the American steel industry after Carnegie. (If you like this book, please bookmark biquge.info)
Born in an ordinary family, from a worker to the president of Carnegie Steel, the president of American Steel, this is already the emperor of part-time work.
But Schwab, who was not satisfied, slapped the old Morgan's desk and left the American Steel Company, and founded the Bethlehem Steel Company with the Wharton family, the Brown family and several other families.
This is Charles Schwab, whose resume of just a few lines and a number of resounding names are enough to reflect his position in the American steel industry.
Historically, Charles Schwab was known as the "Merchant of Death" for the simple reason that Charles Schwab had a near monopoly on the supply of goods to the Allies before the United States entered the war.
In order to circumvent the U.S. neutrality law, he shipped munitions to Canada, and then transferred them to British and French ports through Canadian ports.
Obviously, this was a loophole in the law, and it is not surprising that the Bethlehem Steel Company was able to supply a steady stream of arms and ammunition to the European front, and as a result, they naturally made huge profits, so it is not surprising that they are called "death dealers".
Because Canada wanted to provide a large amount of arms to Europe, bypassing the U.S. neutrality law, and making too much money, others couldn't help but be jealous, so Schwab went to court after the war.
In fact, the U.S. neutrality law had a back door from the beginning, and Schwab's appearance in court was nothing more than a formality, and he was quickly acquitted.
Now Situ Nan must also play the role of Schwab in history, and he has more advantages and better preparation than Schwab.
Not only did it sell a large amount of supplies to the Entente powers, but it also traded war bonds, more than Schwab, the "death dealer".
This is how the Americans drained the blood and sweat of the Europeans, and despite the fact that they had accumulated wealth for hundreds of years, several great European powers lost all of them after a war.
Due to Situan's unexpected appearance, the Californians snatched some of the orders from the easterners, and Schwab's role was somewhat weakened.
Bethlehem Steel still transports arms to Europe through Canadian ports, just not as crazy as it used to be.
But even a weakened version of Bethlehem Steel is still one of America's leading arms suppliers, and Schwab is still one of New York's most famous businessmen.
Schwab was a bit arrogant and extravagant, and he built a magnificent manor house in New York's West Side - Loreto Gardens!
It covers an area of up to 1,000 acres (4 square kilometers) and contains a golf course, swimming pools, gardens, and waterfalls!
As soon as Situ Nan entered, he saw a long man-made waterfall with a rushing stream of water from the Hudson River, which Schwab had built for this purpose.
The house was built on a high ground, a cluster of buildings connected together, and from the doorway, it looked imposing.
"Damn! This guy is really a**! ”
Situ Nan sighed. He always thought that he was a rich man, and his ability to make money was one of the best in the United States, but judging from the way he spent money, compared with Schwab, Situ Nan was like a small shopkeeper who had just made his mark.
"Yes, Loreto Gardens is notoriously luxurious in New York, and it would be nice if I had one like this when I had one." Robles said with some envy.
It would cost millions of dollars to buy such a large piece of land in New York, where every inch of land is at a premium, let alone build such a luxurious estate on it.
There are many wealthy people in New York, but there are few who are as extravagant as Schwab, and not everyone has bought such a large piece of land in the downtown area like Schwab.
However, Schwab, who was extremely poor and luxurious, was a good thing for Situ Nan. In order to maintain such a life, Schwab was bound to squander his estate, so it is not difficult to understand how to sell his stake in Bethlehem Steel.
Situ Nan faintly felt that as long as he could afford the price, he would not worry that Schwab would not sell his shares in Bethlehem Iron and Steel Company.
He is most afraid that the other party is a businessman like John Rockefeller who lives frugally and always maintains a strong success, and that kind of person often takes his career very seriously, and will never sell his property lightly.
"Hahaha! Robles, this is your big boss, Stoney William? Situ Nan and Robles had just been sitting in the living room for a while when a tall, slightly chubby man came in. I saw that he had thick eyebrows and big eyes, and he walked up and down, and he had a momentum of his own.
"I'm Stoney William. Hello, Mr. Schwab. But your estate is so big and beautiful! Situ Nan couldn't help but admire.
"Huh. Thank you. Schwab happily accepted Stuart's compliment. He looked at Situ Nan for a moment, then glanced at Robles next to him, and said, "Robles, last time we negotiated, I was surprised by your youth, but I didn't expect to see a younger talent now, you are really not simple!" It makes me feel old all of a sudden. Hehe! ”
Schwab sighed in his heart that he was still in the sun and rain on the construction site of Carnegie Steel when he was his age like Situan.
Is it really so easy to get rich digging for oil in the west? Schwab thought to himself that he knew that Situ Nan made his fortune digging for oil, but what surprised him even more was the California Steel Company that Situ Nan founded in Los Angeles. In this regard, the other party will not lose to himself.
Situ Nan didn't know the emotion in Schwab's heart, he said modestly: "Hehe, it is undeniable that we have made some achievements, but there are still many aspects that need to be learned from Mr. Schwab's humility." Especially in the steel industry in the United States, Mr. Schwab is a leader! ”
As soon as Situ Nan mentioned the steel industry, Schwab also went directly to the topic of today's talks.
"Mr. William, what do you think of the merger of Bethlehem Steel and California Steel into one?" Schwab said. His expression was a little stern, and his eyes were blazing as he looked at Situ Nan.
Situ Nan smiled slightly, "Very good!" Mr. Schwab's advice was very constructive, and it was a great cooperation for both of us, and we at Calsteel seemed to have no reason to object.
But what I want to know is, how could Mr. Schwab have such an idea, after all, such a cooperation seems to be my annexation of you? Could it be that a chairman is satisfied with Mr. Schwab? ”
As Stuart said, if the two companies merged, he would become the largest shareholder of the new company, and even Bethlehem Steel would fall into his hands, and what would Schwab get?
Of course, from an economic point of view, it is a win-win situation for both sides. But for such a good thing sent to the door, Situ Nan has some doubts.
"Huh." Schwab waved his hand and smiled heartily, "I knew you would have such an idea, if it was my age like you, I would definitely not want others to merge my own company."
But now I have everything I should have, wealth, fame, and status, and I just want to have a brilliant end in the steel business before I retire, so I proposed to merge with California Steel. ”
"So, Mr. Schwab wants to challenge U.S. Steel one more time before he retires, does he?" Situ Nan asked.
He glanced at Schwab and found that the sideburns around the other party's ears were all white, and there were also a few wrinkles on his forehead, which were really not easy to find if he didn't look closely.
It's really unforgiving! Although the man in front of him is still very healthy and strong, Schwab has worked at Carnegie Steel for half his life, and then started his own business, considering that he has been at the helm of Bethlehem Steel for more than ten years, he may be a little tired of it, right?
Situ Nan thought to himself, and seemed to grasp the other party's heart.
"No!" Schwab shook his head and said, "U.S. Steel is too powerful, even if it merges Bethlehem Steel and California Steel, it may not be able to challenge the supremacy of U.S. Steel, at most it will make them feel the pressure." ”
In this regard, Schwab is still very sober, such a giant as American Steel is unprecedented, it accounts for more than half of the steel production in the United States, and its status and strength cannot be challenged unless it falls on its own. But is it possible?
Thinking that there is still a consortium like Morgan standing behind the American Steel Company, and there is the power of Wall Street to back the American Steel Company, unless the United States falls, the American Steel Company will naturally live well.
Thinking of this, Schwab continued: "You two probably don't know yet, right? In a few days I resigned from Bethlehem Steel and handed over the company to Eugene Gifford Grace.
He's the vice president of the company, and he's actually been in charge of Bethlehem Steel for the past few years, and I don't usually have much time to pay attention to the company. When you are old and have worked hard all your life, it is time to rest. Hehe. ――”
Time flies, and I don't know how old age is coming. Looking at the two imposing young men in front of him, Schwab's expression was a little nostalgic, didn't he have such a spirit?
As for Schwab's decision to retire, Situ Nan is not good at saying anything, but some welcome, if this is the case, what about making him chairman after merging the new company?
In fact, he is just a transitional character, and he will come down after a while.
The power of the company is in the hands of the president, and Schwab's words to the chairman are at most a nod puppet. As the largest shareholder, if you don't like them, you can immediately sweep them out of the board of directors, and in other words, you still take advantage of yourself.
Situ Nan secretly made up his mind and agreed to merge Bethlehem Steel and California Steel.
(To be continued!) Ask for a collection recommendation! )
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