Chapter 306: Helpless Rockefeller and Morgan

Among the Rockefeller family.

After some thought, David Rockefeller answered Lawrence Rockefeller's question.

"It's very likely," said Old David. "This looks very much like the boy's handiwork."

Lawrence Rockefeller waved his hand and lay back on the sofa. "So it's very clear. Edward Wilson might have been a chess piece he had planned long ago, so he was able to convince the Wilson family so quickly."

"We have to speed up our actions as well," David Rockefeller said softly. "We were hesitant before. But now that the Wilson family has broken the precedent, I think we can do the same."

"Yes." Lawrence Rockefeller nodded in agreement and said with a smile, "I'm afraid we are not the only ones who think so. Everyone else thinks so. A big bite has been taken out of the sick crouching tiger, and the wolves are probably thinking that if they don't take action now, they will lose even a bite of meat."

"Then let's fight for as much as we can."

David Rockefeller: "Once the dust settles on the Chevron Oil issue, I will go talk to that guy in person! No matter what, I must take back all of Standard Oil!"

This has become his obsession.

In fact, it also belonged to Lawrence Rockefeller.

"What if he doesn't want to?" asked Lawrence Rockefeller.

"Then let's see if he can withstand Rockefeller's full-force attack!" David Rockefeller said viciously and confidently.

"Haha, then I hope your Boston boy can understand your painstaking efforts."

Lawrence Rockefeller was cheerful again.

…

…

36.96% stake in Chevron Corporation.

ConocoPhillips bought it for a total of $14 billion.

It was originally less than 14 billion US dollars, the specific figure was 13.986 billion US dollars.

But Milo wasn't short of those tens of millions of dollars, so he just rounded it up.

The main thing is that ConocoPhillips does not belong to him alone.

Instead, it is the new core enterprise of the Boston consortium.

This was the first time that the Boston consortium, under the auspices of Milo, officially intervened in a large energy company.

His stake in it is about one-third.

Others are held on behalf of others or by other members of the Boston consortium, who hold the shares through various shell companies or broiler companies.

In this case, it can also give a good impression to the Wilson family and other California consortium families.

You don’t have to spend much money on yourself.

Then of course he was happy to be generous.

The other members of the Boston consortium saw that they could actually expand to California.

This fucking hasn't had this kind of opportunity for decades.

What does spending an extra 10 or 20 million mean?

Not to mention the Wilson family.

Tens of millions is still money, especially when the family is in financial difficulty now.

So everyone was happy.

A win-win-win situation means everyone wins once.

Represented by Milo, the Boston consortium is of course taking over more than just Litton Industries and Chevron Oil this time.

Although major banks have previously mobilized a lot of funds to support financial companies in shorting oil, foreign exchange and stock markets of various countries.

But after old Wilson fell ill.

Milo ordered the Boston Consortium to make changes to all of its financial companies.

Find other external banks to allocate part of the funds so that our major banks can raise funds.

In this way, you only need to pay a part of the deposit and interest to use the funds of other banks without any actual collateral. It is the most convenient and quickest.

The only cost is that some of the operations will be exposed and subject to supervision by other banks.

However, considering the general trend of the global financial environment, it doesn't matter if part of it is exposed. It won't attract hatred and there is no risk.

And with this 14 billion US dollars, there are other funds.

The Wilson family's available funds suddenly exceeded 60 billion US dollars.

Now, the Wilson family is much more confident.

Contrary to its previous concession attitude, it has frequently launched attacks in the capital market.

The target is the equity of Wells Fargo, Bank of America and California Reinsurance Company.

Moreover, the Wilson family is completely unreasonably arrogant. If a 30% premium is not enough, they will offer a 50% premium. If someone comes to grab it, they will double it.

Anyway, we must win!

Many of the original shareholders fell under the Wilson family's dollar offensive.

There is no way, it is really too much! At the same time, the Wilson family is still constantly replenishing ammunition and selling off assets.

Milo led the Boston Consortium and the Texas Consortium to take over the business.

For US$1.12 billion, it took over 32.4% of the shares of the well-known American drugstore chain, which later became the second largest drugstore chain in the United States.

For $1.57 billion, it acquired 19.3% of the shares of Bergenbruswig, a large American pharmaceutical retail and health insurance service company. This company is one of the core companies of the California consortium.

For US$1.4 billion, it took over 42.8% of the shares of Mylan, a large generic drug company that went public in 1973. This company later became the second largest generic drug company in the world and is only now emerging.

Bought a 14.2% stake in Hershey Company, the largest chocolate and candy company in North America, for US$1.39 billion.

It bought 36.1% of the shares of the famous American Heinz Company for US$3.2 billion. This company is a century-old enterprise in the field of nutritional foods. Later, it was acquired by Buffett and 3G Capital for US$28 billion.

There are also stakes in the industrial sector, such as Air Products and Chemicals Inc. (13.7%), BBD Industries Inc. (16.3%), and Crown Holdings Inc. (24.2%).

The three companies are large companies in the fields of industrial gases and coatings, coatings and specialty materials and fiberglass, and industrial packaging and equipment.

In addition, it also holds a 12.2% stake in CPL (California Electric Company) and an 11.7% stake in Wilson National Group in the financial sector.

Together, these companies spent $11.9 billion.

Except for Brucewig, all of the above companies are not core companies of the Wilson family and are value investment assets.

Of course, it is not ruled out that the Wilson family intends to acquire these companies in the future.

Unfortunately, with the advent of this crisis, the Wilson family had to abandon these plans that had not yet been implemented.

Choose to sell off the shares of these companies and convert them into cash to recover losses.

The Wilson family is decisive, or in other words, they don't feel bad about selling their parents' land.

Not to mention other consortiums that covet them.

Even within the California Consortium, other members of the California Consortium were stunned.

They really didn't expect that the Wilson family, the most basic maintainer of the consortium, would be so happy to sell off their assets.

Before they could start selling out Wilson, Wilson started selling out himself.

Many people are angry.

Because if the Wilson family does this, the California consortium will exist in name only.

Although originally, the California Consortium was actually just a name.

Not only other members of the California consortium were surprised, angry and dissatisfied.

Those conglomerate families who had gathered around and originally thought they could get a piece of the pie were even more unhappy.

"Damn Bostonians!"

“Damn Texans!”

"Damn Blackburn!"

John Chris Morgan was furious and yelled loudly in front of his men.

The scene they had expected of Wilson leading other members of the California consortium to resist or fight back did not occur.

Instead, it was the Wilson family that sold the company they had coveted so much so casually.

But the ones who took over were people from Boston and Texans!

They put in a lot of effort and even risked being specifically targeted by the Wilson family to launch the acquisition, but it ended up doing Blackburn a favor.

How could John Chris Morgan and others not be annoyed?

Blackburn simply gave each of them a direct slap in the face.

"We have become clowns. Before I came here, I received a phone call from David Rockefeller who came to laugh at me."

John Chris looked at the Morgan Consortium members present with a sullen face.

Like the Rockefeller Group, the Morgan Group has only one core family.

That's the Morgan family.

However, it is impossible for a single family to drive and control such a large consortium.

Therefore, there are also many peripheral families surrounding the Morgan family.

The latest novel is published first on Liu9shuba!

For example, the Peabody family is composed of descendants of George Peabody, the brothers and sisters of the Morgan Consortium.

The conflicts of interest, grudges and love-hate relationship between the Peabody family and the Morgan family could not be fully described even with hundreds of books.

Let me put it this way.

The original name of the Morgan Consortium was Peabody Company, and its founder was George Peabody, who was later called the world's number one liar by the British at that time.

How powerful was George Peabody? He already owed London tens of millions of dollars in the United States - tens of millions of dollars at that time, equivalent to hundreds of billions now.

Even though he already owed tens of millions of dollars in the United States, he still successfully tricked the British into giving him a new investment of $8 million in London.

The reason used is "Only by continuing to provide new loans to the United States can you ensure that previous loans can be repaid."

Half of the investment here came from the Rothschild family at the time...

In the end, George Peabody, who was left with nothing, left his company and all his wealth to Junius Morgan, the founder of the Morgan family.

Well, that’s what the Morgan family said publicly.

But you know, George Peabody has nowhere to go.

But he has six brothers and sisters.

He couldn't have children, but his brothers and sisters had many children.

At the same time, many of these children were working at Peabody and even held shares.

According to the traditions of Europeans and Americans at that time and even now.

Even if George Peabody didn't have children of his own, he could adopt the children of his brothers and sisters.

But he didn't, because he was already in his old age.

Junius Morgan took ownership and control of the Peabody Company.

And George Peabody couldn't expel Junius.

Junius also played a big role in defrauding Londoners of their loans.

Finally, George Peabody died suddenly and left a will saying that the Peabody Company and all his property would be given to Junius Morgan.

This is very interesting.

George Peabody still has so many relatives alive.

The end result was that Junius took control of Peabody and changed it to Juniors Morgan & Co.

This was the beginning of the Morgan Syndicate.

The Peabody family did not leave either, and they later became part of the consortium.

Surrounding the Morgan family are other affiliated families.

"The situation is really bad." John Cleese's right-hand man, Kenneth Peabody, sighed, "The Wilson family has sold most of the companies we targeted."

"If we still want to gain something, we can only turn our attention to other people in the California consortium."

But at the beginning, they and Rockefeller were both targeting Wilson.

Because as the core of the California consortium, Wilson is obviously the fattest.

Who would have thought that Edward Wilson and Paul Wilson would be so ruthless.

It has been less than a month since Schneider fell ill and was unable to work.

It’s almost sold out.

Even if others wanted to intervene, it was too late.

"Now let's discuss what to do."

"Almost all of our targets have been robbed, and we don't even know how much liquidity the Wilson Consortium has."

"It is impossible to grab Wells Fargo's shares now. The Wilson family is fighting for it at any cost."

"The Wilson family already has an absolute advantage, and now they have ample funds. There is no chance for us to succeed."

“They even went after Bank of America.”

John Chris Morgan looked sad.

At his level, he rarely experiences failure.

I have to say, the feeling of failure is... not pleasant.

"Or let's just forget it. We've already failed with the Wilson family." Kent Eaton sighed and tore open the scar directly, wanting everyone to accept the reality calmly.

The Eaton family is also a member of the Morgan consortium and an affiliated family.

Their ancestor was Sam Eaton, who helped John Pierpont Morgan make JP Morgan the largest financial oligarch in the United States.

He was the first American insurance giant to join JP Morgan at that time.

"The Wilson family, who have ample funds, are now very aggressive. Their battle lines have shrunk and their strength has been concentrated. We can't resist them."

"There's Blackburn out there to assist them. If they continue like this, we'll be in danger."

This was also the opinion of others present.

The California consortium is huge, and they are about to split up - or they have already split up, or they are already defunct in name only.

There are still a lot of prey, although Wilson is the fattest.

But now they have been taken by Boston and Texans.

It cannot be said that they won, but rather the Wilson family chose to side with the Bostonians, and the Texans followed suit, waving flags and cheering.

If we target the Wilson family at this time, we will have to face both Bostonians and Texans at the same time.

Even as powerful as Morgan and Rockefeller are, when the opponent has the home advantage.

It is also impossible to defeat the opponent easily.

It is even possible that because it lasted too long, in the end all the other prey of the California Consortium were eaten up by Wilson and his team.

If you end up losing more than the chicken, that would be a huge loss.

Although I am very unwilling.

But John Cleese knew it, too.

Peabody and Eaton have a point.

He himself had similar thoughts.

It’s just that it’s not easy for a leader to bring it up.

Now these two people have brought this up, giving him a way out.

John Chris Morgan naturally accepted.

"So, let's put Wilson aside for now. Let's focus on other Californians."

(End of this chapter)