Chapter 572 Saving Baekeland

Several representatives of the Morgan Alliance nodded, agreeing with what Little Morgan said. If they took out a billion dollars for mergers and acquisitions, even the Morgan Alliance system would not be able to afford it. Although the entire Morgan Alliance system is huge, calculated in billions of dollars, this does not mean that they have so much cash. They still need to go through large-scale financing to complete the merger and acquisition.

Furthermore, if they choose to use $1 billion in cash to carry out the acquisition, there is still a problem when United Motors is in their hands. They have already spent $1 billion on the acquisition, and they still want to make money. What is the appropriate price for United Motors' stock? After spending $1 billion, how much stock value of the listed company should reach to be considered profitable?

It is very difficult to push up the stock price with one billion dollars, so several representatives agreed with Morgan Jr.'s idea to replace part of the cash with equity. There are also many valuable companies in the advanced Morgan Alliance system.

U.S. Steel, General Motors, Kenigard Copper, Gulf Sulphur, Continental Oil, General Electric, etc. Morgan's penetration into the railway industry is well known. In the communications industry, it also owns International Telephone and Telegraph, National Cable, Postal Cable, American Telephone and Telegraph, etc., as well as powerful trusts including Westinghouse Electric. Of course, these companies have their own rivals and are controlled by different shareholders.

Although the entire Morgan Alliance system is incomparably huge, it is divided into nearly two hundred representatives to control it. Even the Morgan family's share in it can be described as tiny.

The entire Morgan Alliance can swallow up United Motors, but the cost of doing so is not as easy as imagined. This is not just a problem that can be solved by a share swap. Sheffield may not necessarily be interested in the company that Morgan Jr. wants to give.

For example, Westinghouse Electric, which is a giant in the electrical industry, what's the point of it? Take it over to be a patent troll? It's also useless to take over US Steel. Now it's enough to control another steel giant together with the Rockefeller family. Steel stocks are still losing their status as the king of stocks. The slave owners give up a new king of stocks, and then take over the steel company that is easy to attract antitrust laws?

Some companies involved in transportation and important raw materials are still very useful. This is not a question of which company Morgan is willing to use for equity exchange, but also depends on whether Sheffield himself is willing to accept it.

But no matter what, it is a foregone conclusion that this time's merger and acquisition will exceed the amount of the original integration of the steel industry.

"Of course I know what a billion dollars means. The United States has a population of 90 million, and the average annual output per capita is 300 dollars. A billion dollars can pay the entire population 20 days' wages."

In the cabin of the airship over New York, Sheffield continued to enjoy the scenery with Louisa Morgan. From the string of numbers he blurted out, it showed that he, a slave owner, was very concerned about the citizen class.

In fact, after adding, subtracting, multiplying and dividing, this number does not match. The per capita output value is not the same as how much money you can earn in a month. For example, a hundred years later, the per capita output value of the United States will theoretically be $60,000, but in reality, if you add up the annual wages, you can earn an average of $30,000 a year.

This is not just a problem in the United States. In any developed country, wages are about 50%. Per capita output does not mean that a person can earn this much money. In later republics, wages are about 44% of per capita output, which means that when the per capita output is $10,000, a person can earn about $4,400 a year.

This is the Republic. For countries like Vietnam and Thailand, the ratio drops to more than 30%, and the annual salary is only a little more than 30% of the per capita output value. In other words, it seems that the income of Thai people should be two-thirds of that of the Republic, but in fact, the per capita output value of 6,000 US dollars can only be exchanged for 2,000 US dollars of income, which is less than half of the workers in the Republic.

The Thai royal family is still the most powerful and wealthy royal family in the world, and has several wealthy people who are well-known all over the world. However, Thailand is a country with a population of only 60 million. To support so many wealthy people and the world's leading royal family, Thais can naturally only get 30% of the country's benefits. Otherwise, how did the Thai royal family get its hundreds of billions of dollars in assets?

Sheffield used this set of figures to let Louisa Morgan know how shocking it would be if she agreed to the merger. As for the United States at the beginning of the century, the proportion was probably 40%.

Because whether it is national spending or the expansion of major companies, the wool comes from the sheep.

Sheffield's offer was such that if Morgan Jr. accepted it, it would allow almost the entire country to stay at home for ten days and be supported by Sheffield himself.

"Edith has good taste. She found a treasure like you." Louisa Morgan tossed her hair and said coquettishly, "Now she is happy. Her assets have almost doubled. It's like sleeping with a mountain of gold in her arms."

"That's not the case. He has helped me a lot." Sheffield denied Louisa Morgan's idea. He pretended not to feel anything about the woman's overt and covert hints.

Sheffield actually had no resistance to some women who thought highly of themselves, but now he had to resist. If there was confusion in the relationship before the business was done, it would only bring trouble.

If the merger is completed one day and Louisa Morgan is still like this, the slave owner swears that he will never let this woman go.

That is to say, he was bored and took Morgan's sister out for a walk. By the time they returned to the Rockefeller estate, the two of them had just gone from being strangers to nodding acquaintances, and that was all.

"What is Morgan's sister doing here?" Although he didn't know that the other party was coming at first, Rockefeller Jr. had already received the news by now. Now seeing the airship landing, the owner of the Rockefeller Manor was full of suspicion.

Because the example had happened to him personally, when he saw Sheffield and Louisa Morgan appear at the same time, Rockefeller Jr. immediately became alert. After Louisa Morgan left, he said sarcastically, "I don't know when you, William, met Louisa."

"We just got to know each other. I've been wondering if Morgan Jr. is sending his sister to set a trap for me." Sheffield said with surprising honesty, "I know what you're thinking. To be honest, I'm not someone who can resist beauty, but the prospect of a billion dollars can calm me down."

"I also want to take out 100 million to participate in it!" Rockefeller Jr. said without hiding his purpose.

"Anyway, we can talk. I don't care whether I talk to a banker or to two giants in the field. Don't expect me to lower the price because of our friendship. To be honest, even if I agree, Edith will not agree." Sheffield looked at Rockefeller Jr. deeply, indicating that if he wanted to get a bargain, there was no point in talking.

"You said that we shouldn't talk about Edith when we discuss business." Rockefeller Jr.'s face was full of helplessness. The man in front of him had too dark thoughts. Don't think that he couldn't hear it. The slave owner was taking advantage of him with his words.

Sheffield got some good news. It had nothing to do with the United Motors Corporation. It was about the growing plastics tycoon Baekeland. He always knew that lawsuits had to be endured slowly, and the spirit and willpower of the parties had to be worn down before the goal could be achieved. So although he was very concerned about the lawsuit about the plastic patent, he remained calm and never mentioned it.

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Now according to the feedback we have received, the time has almost come. Pat, the chief attorney of the United Company, said that Baekeland wants to find supporters to get through this difficult time.

"He doesn't want to start a business now? Where is the lawsuit now? I remember that he seemed to have lost the first trial some time ago." Sheffield looked at Pat who came over with a smile, his tone full of gloating.

"It was the defeat in the New York District Court that made Baekeland feel desperate. He is in urgent need of support now. Mr. Lowell also said so. The huge litigation costs in the second phase are indeed too heavy for an ordinary person." Pat nodded, "So he should have given up the idea of ​​starting a business."

"So, society is so dangerous, it's better to choose a capable partner. If he gives me money, I can definitely help him become stronger. In fact, this matter is also very easy to solve, any millionaire can solve it." As soon as Sheffield opened his mouth, he had a sense of déjà vu of why not eat meat.

The instigator not only had no sympathy for the predicament that Baekeland was facing, but was also very happy. Not to mention such an entrepreneur, even Sheffield himself, wouldn't he have to share his success with others now?

Wouldn't Sheffield want to occupy all industries? Whether it's metallurgy, coal, steel, machinery, chemicals, automobiles, or shipbuilding, it would be best if only its own company remained in each industry. The market certainly said to Rockefeller, 90% is not enough, I want 100%.

But this is impossible. If we work in this direction, not only will the giants in these industries disagree, but even the citizens will not agree. If this goal is achieved, it will be an insult to the IQ of 90 million citizens of the United States.

Sheffield will definitely not be able to achieve this goal, but there is a guy named Yuri who can try, he is good at mind control.

"Anyway, it's good news. I'll meet him at another place. Rockefeller Manor won't work." Sheffield said calmly to the chief lawyer of the United Company.

(End of this chapter)