Even Yang Jing himself admitted that Mike Ale was definitely a great assistant, and a talented assistant who was in charge of the whole bureau. At the same time, he was well aware of the principle that "too much merit will frighten the master". So, if he had not refused, and Yang Jing really needed a balanced result, Mike Ale would have become the e in charge of the entire Dragon Fund.
This old guy, who is almost sixty years old, is very smart and knows how to make choices. He would rather not have any position and simply help Yang Jing, the bss, to monitor the entire Evil Dragon Fund, and then do some things for Yang Jing from time to time to fill in the gaps and check for omissions.
To be honest, Yang Jing really admired Michael's choice. In this day and age, especially in developed Western countries, it is rare to find someone who knows how to make choices.
Yang Jing was really relieved to have Mike Aller monitoring the entire Dragon Fund for him. If he could keep doing this, Yang Jing really wouldn't mind giving this old guy some shares in a few years.
Of course, no one is perfect. Mike Ale is good in other aspects, but he still lacks vision in grand strategy. For example, when discussing the mining layout just now, Mike Ale exposed his shortcomings.
Of course, this is also closely related to the current strange turmoil in the global mining industry. Not to mention Michael Aller, even if the head of the Rockefeller family is called in, he probably won't be able to analyze the current situation of the global mining industry.
If Yang Jing didn't come from the future, he would be useless.
However, as Mike Aller said, mining companies around the world, especially large mining companies, are actively carrying out "slimming" actions. With the outbreak of the oil crisis in the 1970s, the development of the entire Western developed countries has actually fallen into a bottleneck. As one of the most basic materials for economic development, it is inevitable that major mining companies will be greatly affected by the sluggish downstream economy.
Now all the major mining companies are actively slimming down, which is actually the right thing to do. In the context of economic contraction, giving up most of the side businesses, retaining the main business, and working hard to expand the main business is what these mining companies should do. Anyone who dares to do the opposite will inevitably be eliminated by the cruel market.
The merger of Gulf Oil, one of the "Seven Sisters of Oil" in 1984, is a typical example.
As one of the famous Seven Sisters of Oil, Gulf Oil was under the control of the Mellon family. It was really powerful and omnipotent. But after the oil crisis in the 1970s, the Mellon family did not see clearly how a mining company should deal with the current economic situation. Instead of taking active actions to reduce its size, they borrowed heavily to increase some useless side businesses, which resulted in Gulf Oil being burdened with heavy debts. In the end, the Mellon family had to sell Gulf Oil, which was founded by their ancestors, to others.
The merger of Gulf Oil has also sounded the alarm for other mining companies. Currently, almost all the well-known large mining companies in the world are actively slimming down, getting rid of unnecessary burdens, and moving forward in a refined manner to ensure that their main business can continue.
This approach is correct in this modern era, but it will not last long.
As Michael Aller said, the global economy is currently in a stagnant stage, and mining companies, as the most basic raw material providers for the global economy, are the most affected. If the global economy continues to stagnate, then these mining companies will soon be on the verge of bankruptcy. Unless a huge emerging market emerges again on this planet, this almost unsolvable problem can be solved.
This is indeed the case. After nearly 15 years of downsizing from the mid-1980s to the late 1990s, the world's major mining companies could no longer lose weight and entered a new round of mergers and acquisitions.
Because those big mining companies have seen that with the rise of China, a huge new market is rapidly taking shape. If they want to seize a place in this huge new market, it is obviously not enough to rely on fighting alone. This requires these mining companies to expand their scale and quickly "gain weight" before they have the ability and physical strength to seize this huge new market.
As a result, in the late 1990s and early 21st century, there was a wave of mergers and acquisitions among global mining companies. Through continuous mergers and acquisitions, giant mining companies such as BHP Billiton, Rio Tinto and Vale emerged one after another.
In other words, the key factor that led to the merger and integration of the world's major mining companies was the rise of the Chinese market. However, the current Chinese market was still very small, and almost no one could imagine how huge the Chinese market would be in the future.
But Yang Jing knew, it was precisely because Yang Jing knew how terrifying the future Chinese market would be that he would start planning at this time. In the future, those major mining companies that would choke China by raising the export price of ore had nothing to do, now they have to clean their necks and wait for me to favor you!
However, the time for large-scale mergers and integrations of mining companies is still a long way off. From now on, it will take at least seven or eight years to achieve large-scale mergers and integrations of mining companies. It is obviously inappropriate to take action now, but this cannot stop Yang Jing from making arrangements in advance.
After all, it is not so easy to control the shares of those large mining companies. At this time, you can target those small mining companies that will be acquired by large mining companies in the future. Once you control enough shares of small mining companies, when the big merger and integration boom comes in the future, you can also rely on the shares of these small mining companies to occupy more shares of those large mining companies. In addition to the shares acquired from the market and other shareholders, it may not be impossible to control mining giants such as Rio Tinto and BHP Billiton.
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