Chapter 537: Harmony Brings Wealth
For many powerful companies, the DuPont consortium is already a very powerful presence. But this time, such a powerful company was directly dismantled by several giants.
For the decision-makers of other companies, they would not think like the citizens that the collapse of the DuPont family, the death dealer, was a good thing, at least not in this way. Standard Oil, Union Company and Morgan Bank could join forces to forcibly annex the DuPont consortium this time, and they might do the same to other companies next time.
With this in mind, no corporate decision maker can sleep soundly anymore. They all want to know one thing now: is this an isolated incident or the beginning of a new direction? If it is the latter, that would be terrible.
This indicates that a few powerful giants have embarked on a path of using any means necessary for the sake of profit. Who would be willing to face such a business environment? If the three companies join forces to do this, and even a stubborn company like the DuPont family gives in, how can they resist?
The fate of South Korea's Daewoo was replicated in the United States, and the impact it brought was enormous. It can be said that it sounded the alarm for many companies, and they must look at the development of the three companies with a skeptical eye.
J.P. Morgan's office seemed to become busy all of a sudden, almost as busy as the financial crisis when many companies came to seek help. Companies from all industries wanted to get some information so that they could feel at ease.
"Look, these guys are scared." Morgan Jr. put down the phone and said to Rockefeller Jr. and Sheffield, "People who don't know would think we are about to divide up the country's industries."
"That's not unreasonable!" Sheffield said something ambiguous. The move of the three major companies to merge with DuPont was indeed a bit excessive in the eyes of others. It was as significant as the washing powder of the United Nations General Assembly!
The laundry detergent incident actually caused great harm to the United States. Before that, every time the United States sent troops, it had to mobilize the armies of dozens of countries. If no one wanted to help, they would pay and the risk would be shared. Anyway, the United States had a strong foundation, and if it suffered a loss, other countries would also suffer a loss. Even if other countries knew that the United States was making excuses, they had no reason to object.
But after the laundry detergent incident, the United States obviously no longer had the power to rally support when it came to going to war. Every time it said it was going to start a military operation, it was met with skeptical looks.
We still need to think of a solution. Sheffield was not overwhelmed by the overnight profit of tens of millions of dollars. He said, "Maybe many companies are afraid of us now. This is not a good thing. We need to make other companies think that this is an isolated incident and let down their guard."
"I agree with this!" Rockefeller Jr. nodded and said to Morgan Jr., "Other companies must be made to let down their guard, otherwise short-term gains will only bring more long-term losses. Do you two have any opinions?"
"Let's have a meeting, explain things clearly, and communicate with an honest attitude." Sheffield shrugged. "What's the excuse? Let's use the reason of tariff reduction and the need for U.S. companies to deal with foreign competition to meet with some corporate decision makers. I believe that not only will these corporate decision makers be willing to come, but the public will also have expectations for this negotiation. What do you think?"
Now that the benefits have been obtained, it is time to let others understand how the three major companies were forced to sacrifice their own interests for the sake of justice. As for whether it is shameless to compete with foreign capital under the pretext of tariffs, these are minor issues because they were the result of Sheffield's promotion. How can it be said that it is not good for the country to let the citizens fully enjoy the benefits brought by competition?
The times have changed. Previously, Sheffield had made great efforts to push the Democratic Party to power and lower tariffs. Now he can also publicly call on American companies to unite and face the threat of foreign capital together. The speed of his change of face is astonishing.
"Well, I will call Adams, Lowell, Hartman, Hill and others and invite them to gather in New York. At the same time, I will notify the decision makers in the business community to come together and announce to the outside world how to ensure the competitiveness of domestic enterprises and deal with the impact of foreign products. That's all." Morgan Jr. snapped his fingers and deeply agreed with Sheffield's proposal.
This will not only quickly make the matter of the DuPont family industry being swallowed up fade away, but also make funerals a happy occasion. For the citizens, it can be said that the companies that have been pulling their heads and feeding them shit for many years finally have the courage to face international capital. They can also secretly communicate with other companies to show that everyone can still live in harmony.
It is definitely a good thing to have the best of both worlds. The New York Daily News, which has always had a good relationship with Wall Street, immediately reported in an exclusive tone that domestic companies have decided to consider countermeasures in response to the import of foreign industrial products.
This funeral was held with great fanfare, quickly overshadowing the DuPont family's affairs from the perspective of the citizen class. Railroad tycoons, bankers, electrical tycoons, and manufacturing tycoons heard the call of the times and came to New York one after another.
Since the Morgan Building was not big enough, they met at the Rockefeller Estate. The business community had never been so united. As for the factors of disunity, the notorious DuPont family among the citizens had already been dealt with.
This gathering was very unfriendly to the journalists. The Rockefeller estate was too large for them to enter, and they could not use their ability to distort the truth. They could only exaggerate the facts based on the slightest clues. Fortunately, yellow journalism did not require any technical skills, so they just made up stories without knowing the inside story.
In Rockefeller Manor, with the blessing of good weather, everyone was toasting each other. As the protagonist, Rockefeller Jr. was doing the work of comforting people in his own manor. "The DuPont family's incident was definitely an isolated incident. It was really too much, otherwise it wouldn't have ended like this."
"I can guarantee with my character that similar things will not happen again." Rockefeller Jr. said solemnly to Adams, "In fact, my two other friends and I also know what everyone is worried about. Many things are not as simple as they seem on the surface. In fact, the feud between the Sheffield family and the DuPont family is not unfamiliar to some people. Of course, you may say that this merger is an annexation, but it is actually just a term. It will not be used on other companies!"
"That's the best. Many people are very worried." Adams stopped talking briefly and looked at the happy corporate decision makers on the side. He said easily, "The DuPont family is also a strong company. You three have joined forces to split it up and absorbed it separately. How can we not be worried? You can do this once, but there will be no future."
"You are worrying too much!" Rockefeller Jr. said righteously, "We are all one country's enterprise. Standard Oil has never carried out a hostile takeover without any reason, and will never do so in the future. The two of them have similar opinions!"
Rockefeller Jr. and Adams repeatedly assured Sheffield that he was excited to talk to Lowell, who was also familiar with him, and his attitude became much more frank. "Yes, I was the leader of the hostile takeover of the DuPont family. The reason is that you all don't believe it, but it is a well-known reason."
"For such a successful company, it's really hard for others to believe in a mystery involving a bullet." Lowell shook his head and smiled bitterly, "But it happened. This is unbelievable. Most people would rather believe that your joint hostile takeover is true, and they think that revenge for something that happened forty years ago is not real enough."
"Anyway, everything is over!" Sheffield smiled helplessly. "In order to reassure you, we still have to explain. The citizens are watching our actions. Even if it's just a few words, we have already made contingency plans for European industrial products."
Although it is not a reality that citizens imagine that widely respected domestic entrepreneurs are discussing how to deal with the impact of foreign goods, we can declare it to be a fact.
What's more, after the necessary appeasement, the corporate decision makers, while cutting steak and drinking red wine, really started to discuss the matter.
The result of the discussion, of course, is that foreign goods are not a problem. Things are no longer the same as they were in the past. The United States is now the world's largest industrial country and is no longer the devastated country after the war.
Enterprises in all industries have sufficient capabilities to compete with foreign companies, let alone fighting on the local level.
The situation is not just good but very good. Even the world's largest foreign debt has become an advantage that cannot be ignored. As long as you can lie with a shameless face, everything is an advantage.
Some bankers spread the word that European capital only hopes that the United States will develop well, because they cannot give up such a huge market as our country. Once our market collapses, they will not be able to collect their debts.
"It is absolutely conscientious competition. Our country's enterprises are ready for this competition. Under this healthy competition, all citizens will be beneficiaries." The New York Times is full of confidence in this and cheered for the party at the Rockefeller estate, advocating that competition will only make the country develop better.
Our railways have advantages, our steel has advantages, our coal has advantages, and our enterprises have advantages. Reducing tariffs will not undermine these advantages, but will only make the country's internal industries more optimized.
This is in stark contrast to the long-standing argument of raising tariffs to prevent the dumping of foreign goods. Anyway, the propaganda tone can be changed whenever necessary. Now we need to sing praises for lowering tariffs, so low tariffs are correct.
Every business decision-maker who came to the Rockefeller Estate was full of confidence in facing the impact of foreign goods, saying that we are ready for everything and will gain support with better product quality and services.
As for the DuPont family, this company that citizens believe is destroying the environment has disappeared from public opinion.
Didn’t you realize that the title of my last chapter was wrong again?
(End of this chapter)
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