"You are the major shareholder of Richfield Company! You can decide how to develop it yourself!"
Morgan believed that Fang Lang must have had some ideas about the future development of Richfield Company, and now he suddenly asked him to discuss the development of this company.
Morgan's first thought was that this guy had bad intentions.
So, just tell them directly that I am a small shareholder and you can make the decision yourself.
"Mr. Morgan, small shareholders are also shareholders! You can't just abandon the company!"
How could Fang Lang let go of such a thick thigh!
Morgan obviously didn't expect that this guy would be as persistent as a child.
Although I knew this guy was acting, I had to smile and say:
"Then tell me, what should we, as small shareholders, do to ensure we don't abandon the company!"
...
...
Seeing Morgan's smile, Fang Lang smiled even more happily.
"Don't worry, Mr. Morgan. All it takes is for Morgan Bank to lend money to Richfield Company, and Richfield Company will be able to come back to life."
Mr. Morgan did not comment on Fang Lang's request.
After all, providing loans to enterprises is the normal business of the Morgan family bank, and there is nothing difficult about it.
"It's just a small matter, do you have to act like a child?"
"So you agree, Mr. Morgan?"
Fang Lang said with a look of surprise.
Seeing Fang Lang's expression, Morgan's heart tightened and he said quickly:
"What do you mean I agree? You need to go to the bank to apply for a bank loan. You need to provide collateral and explain the purpose of the loan.
You don't even need to look for me for this kind of business behavior!"
How could Fang Lang not understand that he was happy too early and woke up the fish that had taken the hook.
I cursed myself for being too anxious.
"I was thinking, since you are also a shareholder of the company, can't I just ask you to arrange this small business directly?"
"What you said sounds nice, but you definitely don't have any good intentions.
Tell me, now that Richfield Company is in your hands, how are you going to develop it?"
How could an old fox like Morgan be fooled by Fang Lang?
Directly exposed Fang Lang.
Seeing Morgan asking about the company's development direction, Fang Lang could only bite the bullet and say:
“I am prepared to continue to invest in exploring for oil fields in the Prudhoe Bay area.”
Fang Lang originally thought that Morgan would directly raise objections, but unexpectedly, the other party seemed to have expected it and said:
“So, the reason you acquired this company was to enter the oil industry, right?”
Fang Lang did not deny this.
Nodding:
"Yes."
"What about the next plan? Can you tell me about it?"
This question made Fang Lang feel a little embarrassed. He couldn't just say that he knew there was a large oil field in Prudhoe Bay, and that he would become rich as long as he dug it up!
If that's really the case, then you probably don't have to think about getting a loan, and it's more likely that others will withdraw their shares.
His brain was working so fast that the CPU made Fang Lang's face turn red. He finally found a reason and said:
"I plan to shift the direction of development to South America after sorting out the company. After all, our neighbor Venezuela is an oil powerhouse."
When it comes to oil, the first target in many people's minds is the Middle Eastern countries. Many people overlook the fact that there is another country in South America with huge oil reserves, which is Venezuela.
It’s just that the Venezuelan government played a good hand badly.
In 1975, Venezuelan President Chavez announced the nationalization of the country's oil industry and expelled all European and American oil companies from the country.
This is understandable. After all, it is normal for a country to control its own resources.
But after Venezuela nationalized oil, it completely relied on oil and did not consider developing other industries at all.
Instead, the money earned from exporting oil is turned into high-level welfare for the country, including free medical care, free housing, etc.
Later, they simply distributed the money directly to the people.
The result is that people don’t have to do anything and can just lie at home and receive money.
Agriculture, the main economic pillar industry before the emergence of oil, was simply abandoned.
The population began to gather in cities on a large scale, with the ratio of urban population to rural population reaching as high as nine to one.
According to some of our current experts, Venezuela may become the country with the highest happiness index in the world.
However, all of Venezuela's welfare is based on high oil prices. With the sharp drop in oil prices in the 1980s, Venezuela's high welfare policy, which was like a castle in the air, went bankrupt.
Ninety percent of the population stays in cities, doing nothing productively and having no food or drink.
After decades of high welfare support, these people no longer know how to farm.
The subsequent government carried out a series of outrageous operations, which led to a huge government debt and directly turned the country from the richest democracy in South America into one of the poorest countries in the world.
In order to maintain his position and keep voters voting for him, President Maduro began to print large amounts of money and distribute it to the people, hoping to solve inflation by devaluing the currency.
The consequence of this is that the currency depreciates rapidly and loses its original purchasing power.
In April 2021, Venezuela announced the issuance of banknotes with a face value of one million bolivars.
The exchange rate with RMB is about 380,000 bolivars can be exchanged for one yuan.
In this case, if the government gives each person 10 million per month, it will only create more millionaires in debt.
But it cannot change the current situation of poverty.
Of course, Venezuela is just starting out at this time, and Fang Lang is not without opportunities to get involved. After all, in South America, no matter with the background of an American company.
Because of our relationship with Brazil, there is a chance for us to get a piece of the pie.
So when Fang Lang said this, Morgan actually believed that this was Fang Lang's real plan.
After all, as a South American, it is understandable that he would focus on South America.
At this time, Venezuela is indeed a huge sweet potato in the eyes of Americans. If Fang Lang really has the ability to get a share of Venezuela's oil industry.
Morgan believed that his investment would definitely yield a rich return.
With such expectations, the loans that Fang Lang wanted were no longer a problem.
"So how much loan do you want?"
"How about 10 million dollars?"
Morgan knew that Fang Lang must be up to something bad, but after hearing the number Fang Lang reported, he was still shocked by his shamelessness.
"What? Are you crazy?
You only spent 10 million dollars to acquire this damn Richfield Company, and now you have to use this shabby company to borrow 10 million dollars from Morgan Bank."
Fang Lang did not really expect to be able to borrow 10 million US dollars from Morgan Bank so easily.
However, considering that Morgan owns 10% of the shares in Richfield, it would definitely be much easier to get a loan than from an ordinary company outside.
The biggest question now is whether Richfield has collateral of such value.
"What if I told you I could get oil out of Prudhoe Bay?"
"Fang, you have to understand that I can't provide you with an unsecured loan for a portion of your expected income.
If you can use your Global Group as collateral, I think this loan application will be approved very easily."
Fang Lang understood very well that this old man Morgan obviously had bad intentions.
"If that's the case, would the Morgan family mind if I introduce new shareholders to our new Global Oil Company?"
Morgan obviously didn't expect Fang Lang to have such an idea.
In principle, as the largest shareholder, there is no problem for Fang Lang to introduce new shareholders into the company.
However, Fang Lang proposed it after Morgan refused the loan.
Morgan felt that the shareholder that Fang Lang wanted to bring in might not get along with his family.
Thinking of the industry this company is engaged in, Morgan immediately had his own goals in mind.
"You want to bring in the Rockefellers?"
It’s not that the Morgan family and the Rockefeller family have any grudges against each other, the two families can only be said to be in a competitive relationship.
The Morgan family was clearly more powerful during this period, and the Rockefeller family did not truly surpass the Morgan family until the oil price began to grow rapidly in the 1970s.
Of course, this lead did not last long. With the decline in oil prices in the 1980s and other factors, the Rockefeller family's wealth gradually declined and was surpassed by the Morgan family again.
But the competitive relationship between capitalists is sometimes fierce, and the other party's progress means our backwardness.
More importantly, the Democratic Party in the United States belongs to the Morgan family, while the Republican Party belongs to the Rockefeller family, although this is not absolute.
But on the other hand, it also reflects that there are actually some contradictions between the two families.
When Morgan thought that Fang Lang wanted to bring in the Rockefeller family, Morgan's first reaction was anger. It didn't mean that people who did business with the Morgan family couldn't do business with the Rockefeller family.
This situation is impossible to avoid.
What made Morgan unhappy was that he felt that Fang Lang was using the Rockefeller family to put pressure on the Morgan family.
Therefore, his tone became obviously less friendly when he asked this question.
Seeing Mr. Morgan's reaction, Fang Lang knew that if he really said that he wanted to bring in the Rockefeller family, then the friendship he had worked so hard to establish with the Morgan family would instantly collapse.
At this moment, Fang Lang could never admit that this was what he was thinking.
"Mr. Morgan misunderstood me. Even if I am crazy, I would never do such a thing, right?"
In fact, Fang Lang really considered introducing the Rockefeller family. After all, the oil industry is their main base!
As a Brazilian, Fang Lang controlled the largest oil field in the future of the United States. No matter how he thought about it, he felt like he was playing with fire.
Although the Morgan family owns 10% of the shares in this company, how can this insignificant 10% possibly cover up their own 90% stake?
Most importantly, Fang Lang wanted to establish connections with the two largest financial groups in the United States through this company, which would be very beneficial to the future development of his own business in the United States.
At least no one would dare to target their own business easily.
Morgan was not so easily fooled by Fang Lang's sophistry.
Directly asked:
"So who do you want to become one of the new shareholders of this company?"
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