After a week of arduous negotiations with the F Group, the deal finally came to a perfect conclusion. This cooperation will bring considerable profits to the Duanmu family in the foreseeable future, making it a highly profitable transaction. It certainly justifies the hard work of the teacher who took leave.
Just when Duanmu Ci thought the matter was settled, he received news from Chicago that the Morgan family wanted to get involved in the deal, which immediately put Duanmu Ci on guard!
Ever since Aslan brought news that the Morgan family intended to purge the RAR Club's management, Duanmu Ci had been paying close attention to their every move. Once he confirmed that the Morgan family was indeed planning something underhanded, Duanmu Ci had already prepared his countermeasures.
He sat down on the sofa and leisurely made himself a cup of tea. "Tell me, what tricks is that old Morgan up to this time? We've already signed the contract with F. Do you think he can persuade Forrest to break it? Don't be ridiculous! This is the 21st century. The Morgan family can't control everything anymore."
Forrest is the head of the F Group and a business tycoon of the country. He has established his status and position in a certain field, and the Morgan family should not have the power to influence their decisions. Moreover, Forrest is different from those tycoons who made their fortunes in banking and insurance. His foundation is deeply rooted in the earth. As long as Australia's resources do not run out, he will have a strong backing and will not have to depend on American businessmen.
Bu Tongxun sat on the sofa on the left, her delicate eyebrows furrowed. "I just found out about this myself. Actually, when Joseph came to Haishan to negotiate, the Morgan family had already intervened. They hoped that F would not cooperate with us, but Forrest refused them."
Duanmu Ci handed the tea to Bu Tongxun, "I've said it before, it's no longer the era when the Morgan family could control everything in the 20th century. Even if the F Group has some financial problems, Australian bankers can solve them for him without having to turn to Morgan Bank. Forrest naturally doesn't need to be under their thumb."
Bu Tongxun took the teacup. "The Morgan family isn't stupid. Of course, they don't expect their influence to reach the Southern Hemisphere, but they're not ready to give up yet."
"Still not giving up?" Duanmu Ci smiled. "They really hate us... They hate that we're still alive."
There is no love without a reason in this world, and naturally there is no hatred without a reason. Especially for a business family like the Morgans, their hatred for others generally stems from—interests.
Seven years ago, Duanmu Ci founded an international financial services company in Chicago, providing a variety of financial services including securities, asset management, corporate mergers and acquisitions, and credit cards. It was originally a very small company, basically a "hobby" operation, and was insignificant in the eyes of the Morgan family. In other words, this small scale was not even worth the attention of the Morgan family.
In this way, everyone can live in peace and make a fortune together.
However, since Bu Tongxun took over the family business, she, who came from Wall Street, has given the family's company a lot of support. With the injection of a lot of funds, this small company has gradually become a big player in the industry with a certain influence and has taken away a lot of Morgan's business. This has blocked Morgan's way. According to the Morgan family's domineering family style over the past few hundred years, whoever gets in their way will be dealt with, and even Rockefeller is no exception.
The surname Duanmu was naturally not spared either.
The purge within the RAR Club's management was merely a "concretization" of this consequence. As for the other minor surnames that were also about to be purged, they were almost all collateral damage, implicated by the Duanmu family, and were used by Morgan as a "double-edged sword." Duanmu Ci decisively concealed this news after learning it. If it got out, aside from anything else, Aslan's complaints alone would be enough to annoy his ears.
Moreover, Duanmu Ci needed to tie them up so they could shield him from bullets.
However, this also gave Duanmu Ci a basic idea of how to escape Morgan's blockade: it all boiled down to two words—compromise. As long as Duanmu Ci was willing to shut down his international financial services company in Chicago, Morgan would certainly not mind burying the hatchet, after all, the Duanmu family was no ordinary conglomerate.
It could even be said that the Morgan family had been spreading rumors of "getting back at someone," but had been holding back from taking action, dragging their feet in a manner completely unlike their domineering family style. Duanmu Ci had initially found this strange, but now he understood perfectly. The reason the Morgans hadn't acted was simply to give Duanmu time to "repent." Spreading the rumors served as a warning, a kind of ultimatum.
Unfortunately, Duanmu Ci remained oblivious to the situation, and Morgan, growing impatient, prepared to issue a strong warning. Coincidentally, this coincided with negotiations between the Duanmu family and the F Group, and Morgan decided to interfere.
Duanmu Ci asked, "Morgan has many companies under his umbrella. Which of his financial avenues have we blocked?"
“Morgan Stanley,” Bu Tongxun replied.
Duanmu Ci nodded; he knew Morgan Stanley. Legally speaking, the company had little to do with the Morgan family anymore. After the Great Depression of the 1930s, the U.S. Congress passed the Glass-Steagall Act, antitrust legislation. The hardline Roosevelt split the Morgan family's businesses into two companies: Morgan Stanley and JPMorgan Chase.
But who was J.P. Morgan? He wouldn't let his fortune be so easily seized. So, while Morgan Stanley was nominally spun off, it remained under the control of the Morgan family, generating profits for them. Morgan Stanley's main businesses were securities, asset management, mergers and acquisitions, and credit card services—significantly overlapping with Duanmu Ci's company! Therefore, some conflicts were inevitable.
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