Rebirth of the Strongest Tycoon

Genius to remember the address of this site in one second: []https://The fastest update! No ads!

In the living room of the Mellon family.

Some members of the Mellon family gathered here, and there were fifteen people in all.

There are Paul Mellon, Leonard, Timothy and other four brothers, as well as James Mellon and some other clansmen.

Among them, James Mellon is Paul Mellon's cousin, James Mellon's grandfather and Paul Mellon's father are brothers.

Now James Mellon is the chairman of Gulf Oil, representing the family to run the family business that has been passed down for nearly a hundred years. Of course, his stake is not much, not even 1%.

This is also the status quo of the Mellon family holding equity in various companies. Family members hold very little equity in each company, and most of the equity is in the family's charitable funds or management funds.

The rights and interests of the fund belong to everyone, but the head of the family has the highest sovereignty.

"James, what's going on with Gulf Oil?"

"Is it really that critical moment has been reached in such a short period of time?"

A family member asked James Mellon.

James Mellon nodded solemnly and said to everyone: "The situation is really bad, the key is that Mesa Oil's announcement is too provocative."

"Gulf Oil is our family's business. Under normal circumstances, other shareholders will maintain a front line with us, because they can make money with us."

"But over the years, the company's operating conditions have been deteriorating, which has repeatedly disappointed shareholders. Dissatisfaction has existed for many years."

"In 1980, the company's turnover reached 26.483 billion US dollars, and the net profit was 1.915 billion US dollars, and the net profit margin was still 7.23%."

"Last year, the company's turnover reached 31.537 billion US dollars, but the net profit was only 728 million US dollars, and the net profit margin was only 2.3%."

"Not only that, although we have cleaned up overseas assets, a large part of the funds returned are used to repurchase stocks to stabilize the stock price. It was indeed effective in the initial stage, but now with the drop in international oil prices, the company's stock price has fallen again, and the market value has fallen. It has shrunk by more than two billion dollars since the beginning of the year!”

"Although I don't want to face it,

But in fact, I did make a series of wrong strategic decisions on behalf of the family, so that most of the equity shareholders believed that their interests were seriously damaged. Not only did the annual dividend decrease year by year, but even the value of the stock was also shrinking. "

"So now the shareholders have lost confidence in us and are unwilling to believe in long-term earnings, preferring to choose to believe in Mesa Oil."

After everyone in the room listened, their expressions were solemn, they knew the seriousness of the problem, and they were able to understand the mentality of other shareholders.

Leonard Mellon took the initiative to ask: "James, the equity that our family can control now is 38.6%, which is 11.41% less than the majority of the equity. Do you think there is still a possibility for the voting rights of shareholders on our side? Are there so many?"

A few years ago, the Mellon family had only 26.5% of Gulf Oil's equity control, but thanks to Richard King Mellon's acquisition of equity, Gulf Oil's repurchase of equity, and Xia Yuna in May this year A 4.85% stake was given as a betrothal gift, which brought the Mellon family's stake back to the level of the 1960s.

James Mellon shook his head regretfully and said: "We have to prepare for the worst, now that Uncle Richard is ill, and the people who were shocked by Uncle Richard are all about to move, and shareholders may not be willing to continue to follow up with him. As we go on, the only one we can absolutely rely on is ourselves."

"Mesa Oil Company voluntarily announced that it owns 10.2% of the shares. No one knows how much it secretly controls."

"Now we can still refuse him to join the board of directors, but once they ask for an extraordinary general meeting and win more than half of the shareholders, then according to the "Articles of Association", it is really possible to realize their proposition."

"It's just happening now, we have to make a decision as soon as possible about how to act, and the uncertainty that drags on later will increase dramatically."

As soon as he finished speaking, the others looked at each other, and only one clan said: "The best way is to increase our shareholding. As long as we control the board of directors and the general meeting of shareholders, Mesa Oil Company can only withdraw. Others No one can do it."

"Just according to the current situation, once we increase our shareholding, the stock price will definitely go up. It is conservatively estimated that we need to come up with 1.2-1.5 billion US dollars of funds."

"This amount of money is not too much, and it is not too much. At present, the family should be able to get it easily, but I am afraid that something will happen in other places in the future, and a large amount of money is urgently needed."

"After all, it is as important as Gulf Oil, and there are even more important companies."

Everyone continued to be silent again, but James Mellon shrugged and leaned on the sofa.

This is the purpose of his return to the family. Personally, as the chairman of Gulf Oil, he must hope that the company will be stable and run in his hands.

But he has no money and can only make decisions by the family.

When the patriarch Richard King Mellon was still in a coma, no one was able to make a decision for the time being, so the clansmen of all lines discussed and voted together.

The attitude of most people represents the attitude of the family, no matter whether it is right or wrong, he does not have to bear it.

"Tonight, let's think about it first, and tell the other clansmen. Tomorrow morning, call the people who didn't come and have a meeting to make the final decision."

Seeing that no one made a statement, Paul Mellon also expressed his understanding. He was the most senior and powerful in the field, so he made the decision directly.

Then, he continued to warn everyone: "Now because of Richard's illness, the family has turned on the highest alert state. In my guess, the sniping of the Gulf Oil Company will not be an exception, and there must be many more in the future. Vicious events await us."

"It's everyone's responsibility to raise money, and an adequate flow of money is our ammunition to defend and fight back."

"You should also strengthen your vigilance, pay attention to the movements of your respective companies at all times, and report the situation to the family immediately to avoid being caught by surprise."

"James, you have to continue to work hard tonight, be responsible for contacting those shareholders, find out their attitudes, and stabilize them first."

James Mellon nodded: "Okay, Uncle Paul."

...

The next morning, dozens of members of the Mellon family gathered. After deliberation, no one was willing to let their family's flagship company in the oil field weaken or be taken away, and all supported the increase in equity.

Even if the international crude oil price has dropped from the peak in July to below US$20, the company's revenue, net profit and assets are destined to plummet this year and next!

It was only when the Mellon family made a decision and started to increase its stock holdings.

Faced with this situation, how could David Rockefeller, who wanted to annex Gulf Oil, remain indifferent?

Having obtained the secret information, he immediately let people release the news that the Cleveland consortium was secretly acquiring the equity of the steel company under the Mellon consortium.

As soon as the news was released, it spread rapidly.

When Douglas Mather and Reginald Hanna learned about it, they couldn't help but curse.

Originally, I was happy that the Mellon consortium consumed some of the funds and relieved the pressure on its own side. Now it can buy stocks secretly, and the Mellon consortium was caught off guard.

But now that the ducks are put on the shelves, the eyes of the Mellon consortium are definitely attracted.

Douglas Mather and others were also decisive.

Since there is no way to hide it, then directly show the card and immediately launch an acquisition battle with the four major steel companies of the Mellon consortium.

Quite a first-served attitude.

Suddenly, all the predators staring at the Mellon consortium were all refreshed, and the secret opportunity came.

There is no need for private communication. These people seem to have a tacit understanding, and they all start with the companies under the Mellon consortium, but most of them are low-key acquisitions.

But when everyone acts together, no matter how low-key it is, the news cannot be concealed.

What's more, the shareholders who hold the equity of a company also want to sell the equity for a higher price. How can they help the acquirer to cover up the news?

As a result, the American business world was in chaos.

The monstrous waves quickly formed and pressed down on the Mellon family!