Chapter 312 American Version of Romance of the Three Kingdoms
Compared with the complicated networks of other financial groups, Blackburn Bank has the support of Milo, so Hector's execution ability is naturally very high.
In fact, after Milo and Hector communicated.
Hector immediately gathered people to study and deploy the operation.
When Hector held a press conference in the morning, the Boston consortium had already begun to take action.
Not only the five financial companies controlled by the Chicago consortium, but other companies as well have become targets of the Boston consortium.
This time, Milo's purpose was simple.
The Chicago consortium must be hit hard.
The strength of the Boston consortium ranks seventh or eighth in the United States. Even if he is included, it will be in the top five at most.
The position is a bit backward! It is impossible to dismember the Chicago consortium like the Mellon consortium.
However, as long as the Chicago consortium's decline is exposed, other consortiums will definitely not miss the opportunity to take advantage of its misfortune.
The strength of the Chicago consortium has long been declining. The so-called core family cannot even control half of the shares. It has been plugged with tubes by Rockefeller, Morgan and Mellon, and has been sucked half to death.
The next day at noon.
News came out that Blackburn Bank's acquisition team has been in contact with shareholders of Bank of America Group.
Not to mention the stock market, where the share prices of all five companies are rising and trading volumes continue to increase.
Just when the attention of all the bigwigs was attracted by these five companies.
The Boston consortium, however, launched an attack on some other companies under the Chicago consortium that were not under sufficient control.
John Hancock Mutual Life Insurance Company's target was obviously insurance companies in various states.
This financial company, founded in Minnesota in 1925, did not originally belong to the Chicago consortium, but is now just a hunting target of the Chicago consortium.
With the support of the Boston Consortium, John Hancock Mutual Life Insurance Company has become the fifth largest automobile insurance group in the United States.
State Insurance Corporation is currently the eighth largest auto insurance service provider in the United States and the ninth largest home insurance service provider.
The state insurance companies were based in Minnesota, and when they expanded their business nationwide, they also relied on the resources of the Chicago consortium. Therefore, in exchange for benefits, the Chicago consortium successfully infiltrated this company.
Currently, some companies within the Chicago consortium hold a total of 20.4% of the shares of insurance companies in various states.
Relying on this shareholding ratio, although the Chicago consortium has a great influence in the company, it is still no match for the power of other shareholders combined.
This gave John Hancock Mutual Life Insurance Company the opportunity to take action!
at the same time.
Milo's Paladin Investments, also on the New York Stock Exchange, began acquiring shares of Chicago Natural Resources.
While Milo was causing trouble for the Chicago consortium, the Wilson family's defensive operations encountered serious obstacles.
It was not the small characters but the Rockefeller Foundation that put Edward Wilson under great pressure.
So much so that Edward Wilson had to come to Milo for help.
Edward Wilson found Milo in the hospital. Milo was accompanying old Blackburn to visit old Wilson who was still in a coma.
To Milo, Schneider was his great-uncle and his grandmother's brother.
To Blackburn Sr., Schneider is more than just a brother-in-law.
They were all elites of their time, and they often cooperated and even confronted each other.
Just like old David of Rockefeller, who was happy and sad when he heard that Schneider had fallen.
Old Blackburn, who was an ally of Schneider, was even more emotional about his fall.
The reason why I waited until now to come and see it is because Milo has been staying here.
Milo alone represents the Blackburn family.
Secondly, people are getting old.
Old Blackburn had just caught a cold not long ago.
Although it was a minor illness, his family still refused to let him come.
I have fully recovered recently and the doctor said there shouldn't be any major problems.
Plus old Blackburn himself must come and see.
So I came here today.
"Let's talk business." Looking at Edward who was hesitant to speak, Old Blackburn said to Milo, "I'll just stay here with Schneider. The outside world is now a world for you young people, and we old guys should step down."
"It's still early." Milo replied softly to Old Blackburn.
But he still went to the hospital corridor with Edward.
"Edward, what's wrong?"
"What difficulties have you encountered again?"
Seeing the irritated expression on Edward Wilson's face, Milo took the initiative to follow Edward to the chair in the aisle and asked him the reason.
Edward Wilson told the truth: "The situation has improved a lot since the implementation of the strategy you suggested."
"Especially after the Chicago consortium retreated, many forces followed suit and retreated."
"But there is still one biggest obstacle, and that is the Rockefeller Foundation."
"David Rockefeller has never given up on infiltrating us, causing us a lot of trouble and pressure."
Milo's expression also became much more serious.
Others are not familiar with Old David, but he is! It can be said that Ariana was forced upon him by Old David!
At that time, he was one of the famous losers in the American Celestial Dragon circle.
But in order to invade the Boston consortium and influence religions and priests throughout the United States, Old David wanted to do something similar.
He was still willing to marry into the Blackburn family and marry his granddaughter to him.
Although later facts proved that the old man was wrong, or it should be said that he was right, too right.
Milo Blackburn is not the loser that everyone thinks he is.
He is a unique genius of this era...
It was a mistake in some ways. He originally wanted to indirectly influence Rockefeller, who controlled the Blackburn family, through Milo, the only heir of the Blackburn family.
Instead, he became an ally of the Blackburn family.
Of course, a friend of an ally is not necessarily an ally.
The Blackburn family and the Rockefeller family are allies, but that does not prevent Rockefeller from taking action against Blackburn's other ally, the Wilson family.
It didn't even prevent Blackburn and Rockefeller from playing tricks on each other.
But there was no doubt that Milo knew who David Rockefeller was.
Just like the old guy knew him well too.
"Whatever the situation is, don't worry, there will always be a way."
Milo spoke slowly, and his calm and composed tone also affected Edward Wilson.
Edward Wilson took a deep breath and continued, "In fact, it was mainly because of the problems at these four companies."
"Wells Fargo, Bank of America, Lockheed Martin and Martin Marietta Materials."
Hearing this, Milo couldn't help but frown.
My goodness, old David is so ruthless. These four companies are the key to the Wilson family!
"Currently, Chase Manhattan Bank is making every effort to snap up shares of Wells Fargo Bank, and Morgan Trust Company of New York is making every effort to acquire shares of Bank of America."
"The Rockefeller family has already made a takeover offer to all Lockheed Martin employees at the Lockheed Martin board of directors, intending to acquire Lockheed Martin in a cash + equity package."
Lockheed Martin is a well-known company, but it was only formed three years ago through the collaboration between Schneider and David Sr.
It was originally Lockheed and Martin Marietta.
Martin Marietta has always been controlled by the Wilson family.
As for Lockheed, as the name suggests, it belongs to the Rockefeller family.
After the merger of the two companies, Lockheed Martin became almost the number one arms company in the United States.
"In the Martin Marietta Materials Company, the Rockefeller family wants to take advantage of the opportunity to increase their stake and try to completely control the board of directors."
Martin Marietta Materials Company was spun off after the merger of the two companies. It mainly deals in gravel, concrete, chemical products and polymer products.
"Lockheed Martin has always been controlled by our family, with a cumulative shareholding ratio of 38.3%. However, due to the merger, Rockefeller himself is also a major shareholder. Now that the other party has announced the merger, it must be very attractive to other shareholders."
"The Rockefeller Foundation itself holds a cumulative 33.8% stake in Lockheed Martin."
"Once the merger is carried out in the form of cash plus stock, we will be marginalized. The merged company will thoroughly implement the will of the Rockefeller Foundation, and our shareholding will lose its meaning."
“…”
As Edward Wilson spoke, Milo realized the seriousness of the situation.
Let’s start with Chase Manhattan Bank and Morgan Trust Company of New York, both of which are commercial banks.
In terms of total assets and deposits, Chase Manhattan Bank ranks fourth in the United States, and the Morgan Trust Company of New York ranks fifth! Although the Morgan Trust Company of New York has the word Morgan in its name, in fact, this bank has been under the control of the Rockefeller family since the 1960s, and David Rockefeller has served as chairman for many years!
Of the top five banks in the United States, the Rockefeller Group controls two, except Bank of America, Citigroup First and Wells Fargo, which shows the power of the Rockefeller Group in the financial field.
Now that these two banks are each targeting a bank of the Wilson family, it is normal that this causes huge trouble to the Wilson family.
The current situations of Lockheed Martin and Martin Marietta Materials are essentially the same.
In the final analysis, other shareholders have seen that the Wilson family has lost power and was much worse than the Rockefeller family in its heyday, so it is normal for them to be fence-sitters now.
Just this caused huge trouble to the Wilson family.
Once the Rockefeller Foundation had its fingers in Wells Fargo and Bank of America, the Wilson family would be under a huge clamp.
The previously planned contraction strategy will not be fully implemented.
If the defensive barrier is not completely built, the future development of the Wilson family will be greatly restricted.
For Edward Wilson, he will not be able to completely establish his prestige this time, which will have a huge negative impact on his plan to become the head of the Wilson family.
So he couldn't help but be nervous.
"Milo, what do you think I should do?"
Facing Edward Wilson's burning gaze, Milo lowered his head and thought, his brain working rapidly.
This time it's Rockefeller.
It was also his first time facing Rockefeller.
Although he didn't face old David directly.
Thinking of that gloomy old guy, Milo was indeed under pressure.
According to the untrue news revealed by old Blackburn, Roosevelt died of a cerebral hemorrhage in the White House on the eve of victory in World War II.
The person who came up with this idea and executed it was the young and energetic David Rockefeller...
Old Blackburn also said that it was because of David's contribution that he was able to naturally replace the other brothers and take control of the Rockefeller family.
He even dared to do that to Roosevelt, who had to eat a capitalist every day.
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And he succeeded and was killed.
It has taken decades for such a tough guy to develop, and even old David himself probably doesn't know how much influence he has in the United States.
Suddenly, he asked Edward Wilson:
"Edward, among Wells Fargo and Bank of America, besides you and the Rockefeller Foundation, which side has the greatest influence? Well, not counting the families originally in your family foundation."
Edward Wilson blurted out: "Of course it's the Morgan Consortium!"
Milo nodded, unsurprised.
Wells Fargo and Bank of America are the dual financial cores of the California consortium.
The Wilson family has always controlled Wells Fargo, but they also have a share in Bank of America, but their say is not much.
Otherwise Californians would not admit that they are the uncrowned kings.
This time, the Wilson family mainly insured Wells Fargo Bank.
After all, this is their core.
Yet Bank of America is actually larger than Wells Fargo.
Even if it is not the best in the United States, it is still among the top three.
It would be impossible for the Wilsons to maintain dominance in both banks.
It was only natural for the Morgan consortium to target Bank of America, which was beyond the control of the Wilson family.
If it weren't for taking over too many industrial and mining enterprises of Wilson, and if it weren't for the prior agreement.
Milo guessed that he would also be tempted by Bank of America.
Edward continued to brief Milo:
"I can't buy the shares held by the Morgan Consortium, and neither can the Rockefeller Consortium."
"Then...what if you can get a stake in the Morgan Consortium?" Milo understood, and a smile appeared on the corner of his mouth.
Edward was stunned and said hesitantly, "It's unlikely. Morgan and Rockefeller have such a good relationship..."
"There are no permanent friends, nor permanent enemies."
Milo smiled: "I have a good relationship with Rockefeller. But that doesn't stop me from standing on your side."
Without waiting for Edward to speak.
He then asked the second question: "So, in the acquisition of Lockheed Martin and Martin Marietta Materials, the Rockefeller Consortium also used funds from Chase Manhattan Bank and Morgan Trust Company of New York?"
Edward Wilson nodded again and replied: "Yes, I have investigated it and this is the fact."
"Third question!"
"Do you hold any shares in Chase Manhattan Bank and Morgan Trust Company of New York?"
This question is the most crucial, and Milo guessed that there should be one.
After all, it is normal for conglomerates to infiltrate each other. With Schneider King Wilson's wisdom, he would not have failed to think of this.
really!
Edward Wilson thought for a long time, then nodded again and said, "Yes."
"It holds a total of 3.12% of the shares of Chase Manhattan Bank and 5.72% of the shares of Morgan Trust Company of New York."
"I remember my grandfather told me that in 1959, JP Morgan was pushed to merge with the New York Guaranty Trust Company, and my father took the opportunity to get a portion of the shares, and then he gradually got scattered shares."
"On the surface, they only hold 3.5% of the shares and have obtained a board seat. The rest of the shares are dispersed and hidden."
"That's no problem, there is a way!"
Milo said with a faint smile.
Edward Wilson was very surprised: "Is there really a solution?"
But he was not stupid. After being prompted by Milo, he asked in surprise, "Milo, do you mean to use these shares to exchange for shares with the Morgan family?"
Milo shook his head slightly and said slowly: "Not only will it be a stock swap, but it will also cause trouble for the Rockefeller family!"
"The only one who can check and balance Rockefeller is Morgan."
"Let John Chris Morgan fight David Rockefeller, and Rockefeller will naturally not focus most of his energy on you."
"Other fence-sitters will not immediately turn to Rockefeller's side when they see the situation is not good."
"Of course, more importantly, we can ask Morgan for help to check and balance Rockefeller. I think John Chris Morgan will definitely be happy to do this."
"He would never want to see Rockefeller control Wilson as well!"
"He wouldn't want to see even the slightest possibility!"
"By the way, I have 2.12% of the shares of New York Morgan Trust Company, which I can transfer to you."
"Combined with the shares you hold, the total proportion reaches about 7%."
"The original intention of Morgan Stanley's establishment was that one day when the Glass-Steagall Act was repealed, Morgan Stanley would be able to return to the arms of JP Morgan and restore the glory of Morgan Bank."
“Although the Glass-Steagall Act has not been repealed yet, when old Morgan was alive, he had always wanted to take back the Morgan Trust Company of New York. As long as John Chris Morgan can get our shares, he will be able to surpass the Rockefeller family in terms of shareholding.”
“Even if they cannot immediately take back control of the Morgan Trust Company of New York, this is their greatest hope!”
"This is John Chris Morgan's weak spot!"
Milo's words completely cleared up the confusion for Edward Wilson.
The sad expression on his face disappeared, and he even showed a relaxed smile.
"So, I'm going to meet John Chris Morgan?"
Milo nodded slightly: "That's right!"
"With these chips, you can definitely convince him, but if you want to maximize your benefits, it depends on your performance!"
"If you want to become the head of the Wilson family, you must negotiate this time, and you must have sufficient results. The more results you have, the more help it will be to you!"
Hearing this, Edward Wilson was embarrassed and very conflicted.
John Chris Morgan was twice his age, and he was a famous financial genius, the head of the Morgan family, and the master of the Morgan Consortium! His grandfather, Old Wilson, had met John Chris Morgan many times before, and he also accompanied him and experienced John Chris Morgan's power firsthand.
Let him talk to John Chris Morgan...
To be honest, he wants results and he wants a positive impact.
But... he has no confidence!
The more Edward Wilson thought about it, the more annoyed he became, and he couldn't help sighing. Just when he was distressed, he saw Milo, who looked calm and composed, and he suddenly had an idea.
Yes, this cousin in front of me is very young.
But even his grandfather himself admitted that he was no less talented than him.
It can be inferred then that Milo should not be much worse than John Chris Morgan.
So……
"Milo, how about you take... uh... go with me?"
"Okay."
Milo laughed.
He was just waiting for Edward to invite him.
Blackburn and Rockefeller were now allies and about to become in-laws.
But that doesn't stop everyone from fighting for their own interests in private.
Likewise, Morgan and Rockefeller had a good relationship.
But the two sides kept going back and forth, and it never stopped.
They are like the intertwined yin and yang fish in Chinese culture.
Each wants to swallow up the other, each wants to be the only one.
Therefore, as long as there is an opportunity to trip up the other party, both Morgan and Rockefeller will be very happy to do so.
What's more... when I think about the Chase Morgan that Morgan and Rockefeller are about to establish, they don't even want to include me in the fun!
Although old David said that was what John Chris Morgan meant.
But Milo couldn't believe it all.
Now that he has the chance to disgust old David, Milo will definitely not let it go.
The world is not black and white.
But you are in me and I am in you, and we are entangled in being both enemies and friends.
Just like the Romance of the Three Kingdoms.
(End of this chapter)