Rebirth of the Strongest Tycoon

Chapter 1384 A letter from old Mellon

The Mellon family has undergone a sudden change, and the waves of Richard King Mellon's illness have not yet subsided.

Now the major companies of the consortium are besieged by many powerful enemies.

Every member of the entire Mellon family has a heavy heart, and no one can still have a smile on their face.

What they do the most is to constantly call and check the situation of various companies, and then launch all-out efforts to raise funds.

What the think tank of the family office has to do is to sort out the current turbulent situation and make a reasonable response plan.

Although Xian Di was a member of the family, she had already married outside and she was also a woman, so she could only stay on the sidelines and could not interfere at all.

She certainly doesn't know the specific situation, but how could she be smart enough not to notice it?

Therefore, she cannot avoid worrying about her family.

After visiting her unconscious father again, Xian Di, accompanied by Xia Yu, went to the balcony of the corridor and looked at the garden in the distance.

There was a trace of sadness on her beautiful face.

"Xiandi, you are already pregnant. A negative attitude is not good for your health, and it will also affect the development of our baby."

"Things have happened and all we can do is think in a positive direction and everything will be fine."

Xia Yu hugged Xian Di gently and comforted her gently.

Xian Di leaned against Xia Yu's arms and said faintly: "Husband, Dad has given all his heart and soul for the family. I heard other uncles and uncles say that Dad is the best person in the entire United States. With him, the family can be stable. ."

"But now Dad has suddenly fallen ill, and the family is in big trouble again."

"You said that if Dad woke up, he would be very disappointed, right?"

Xia Yu was silent.

It's doomed!

The troubles that the Mellon family is encountering now must have been deduced by Richard King Mellon long ago, and he must be trying his best to avoid this from happening.

Who is to blame for this happening now?

The strange family has not cultivated a qualified successor?

Or is it because he suddenly fell ill and didn't last a few more years?

In Xia Yu's view,

The root cause is still in the cultivation of heirs, and there is no heir who can complete the independent side.

But this is also impossible.

Although in order to maintain rule and try to avoid the new ruling class, the United States implements happy education, but all major financial groups and families implement elite education.

It's just that a person's achievement and upper limit are determined by many factors, such as personality, diligence, interest, innate IQ, etc. The acquired education level can only be said to improve the probability of becoming an elite, and to increase part of the upper limit.

As for whether it can cultivate the top elite, no one can guarantee it.

Therefore, the heirs of the major families are arranged in order, and the best person is constantly selected.

But unfortunately, the heirs of this generation of Mellon family are not good enough.

So old Mellon thought of other ways, such as cultivating younger and more potential Leonard and Woodrow, or marrying his daughter Xiandi to Xia Yu...

The latter point, Xia Yu already knew it in his heart.

So he personally accompanied Sandy to the United States and stayed there.

And he also asked the family office to conduct research like that, and also used various resources and funds, which are still lurking now.

The reason why he watched from the sidelines, what he lacked was a legitimate opportunity to intervene.

Now, it depends on whether his sick old husband has left behind.

He didn't want to take the initiative.

After all, these are two different properties.

...

After a whole day, the bad news that kept coming, almost all the members of the Mellon family were almost out of breath.

Plans to increase stakes in Gulf oil companies, which had already begun, were also halted.

In the evening, Leonard Mellon dragged his tired body back from Mellon Financial Company.

Beauty Finance is the family's core financial platform and a company established by the founders of the Mellon family.

Leonard Mellon was the manager of the investment department in it, and he was considered a high-level executive.

There was no crisis in Mellon Financial Company. After all, the Mellon family maintained a cautious attitude towards this company from beginning to end, and did not leave any loopholes in equity.

The only way to destroy this company is to do bad business itself, such as a run on the bank and other vicious events, resulting in the breakage of the capital chain and bankruptcy.

Therefore, in order to avoid this situation, although Mellon Financial Corporation has raised a large amount of funds urgently, it has not acted rashly.

When he came back, he also happened to meet his younger brother Woodlow who had just returned from the Bank of New York.

"Woodlow, how is the Bank of New York?"

Seeing his younger brother's unsightly face, Leonard Mellon's heart sank. Thinking of the equity status of Bank of New York, he took the initiative to ask his younger brother.

Although the Bank of New York is the second largest financial core platform of the Mellon consortium, it is fundamentally different from the Mellon Financial Company, because this company was acquired, and the Mellon family's shareholding ratio is far less than that of the Mellon Financial Company. shareholding.

Founded in 1784, the Bank of New York is one of the oldest banks in the United States, founded by the pressure of Mount Hamilton.

And pressure Mount Hamilton, a representative of the U.S. Constitutional Convention and one of the drafters and signatories of the U.S. Constitution, the first U.S. Secretary of the Treasury, and the founder of the U.S. party system, is George Washington’s right-hand man.

In the process of development, Bank of New York has successively acquired a series of companies such as New York Life Insurance Trust Company, Fifth Avenue Bank, and Imperial Trust Company.

It was also in this process of continuous mergers and acquisitions that Richard Kim Mellon and his father continued to plan to turn the Bank of New York into one of the financial core platforms of the Mellon consortium.

The difference is that the Mellon family holds a 28.2% stake in Bank of New York, and then the other controlled companies of the Mellon consortium together hold 27.5%, which adds up to 55.7% of the equity, which the Mellon family can control. .

This shareholding ratio is very safe in normal times, but the 27.5% shareholding is different from the 28.2% shareholding. Once the company holding the shares of the Bank of New York is out of the control of the Mellon family, it is difficult to say.

Because of his age, even if Woodrow Mellon started relatively high, he is only a middle-level in the Bank of New York and is still in the tempering stage.

"President Archer listened to my advice. The bank is already clearing some of the funds in order to return the funds. It's just that in the stock market, people are already buying the company's stock."

"And some of the big customers have applied to banks for large withdrawals."

"That's causing some tension within the company right now."

Woodrow Mellon said slowly.

"Leonard, where are you?"

Leonard Mellon said slowly: "My side is okay. Mellon Financial Corporation is not a commercial savings bank. The family has a very strong control over the company, and there has been no large withdrawals yet."

"There's already a problem on your side, and I've heard the Pittsburgh National Bank has a bigger problem."

"The enemy is besieging us in all directions."

Woodrow Mellon nodded solemnly: "Yes, according to the current situation, we really may not be able to resist."

"We had to be prepared to lose some of the company."

Leonard Mellon was not feeling well. He poured a glass of water and poured it directly into his mouth. A lot of water flowed down his chin and neck to his chest and wet his clothes.

At this moment, Leonard Mellon suddenly remembered an incident half a year ago.

He told his brother Woodlow: "Woodlow, I remember a few months ago, after Sandy's wedding, Dad called us to his study to teach us, and he said that if there was a crisis in the family , and when he can't handle it, he can open the No. 3 safe in his study, which contains the things he left for us."

Woodrow Mellon frowned slightly, thinking about it for a moment and remembering it.

"Come on, let's go to Dad's study and open it to see what's in it."

The two brothers immediately walked upstairs.

Soon he came to Old Mellon's study and found safe No. 3.

The two of them knew the password to the safe, and Mellon had told them before.

Soon, the No. 3 safe was opened, and there was only one envelope inside.

The envelope read "To my dear sons: Leonard, Woodlow."

Seeing this line of words, the two brothers were a little overjoyed, then opened the envelope and took out the letter written inside.

"Dear Leonard, Woodrow: In fact, I would rather this letter never be opened by you, because when you read this letter, it proves that I have had an accident, and the family has also experienced a huge crisis..."

"Both of you brothers are very talented. I have huge expectations for you. What you lack is enough time and training..."

"If no one in the family can stand up and support the family, then you can go to Xia Yu for help, he will definitely help, he is more reliable than any allies in our family now, because only the fully cohesive Mellon consortium can give him. Help, let him have a complete foothold in the United States, our family loses power, it will only do him harm and no good..."

"The most important thing is that he has enough ability and strength. As long as he is willing to do his best to help, Morgan and Rockefeller can't defeat our family. As long as we don't lose control of the company, I believe that when you grow up, you will be able to revitalize the family again... …”

"You must have this mentality. If you have to give up some companies, selling to Xia Yu is the best choice for our family."

"If you and your family are not sure about making a decision, you can listen to his opinion. He is the only person in the world who amazes me. If God comes to the world, then I believe that he is the incarnation of God."

"Father will always love you."

"Richard King Mellon, July 5, 1985."

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