Chapter 1881 Morgan’s Past
“According to the investigation, part of the semiconductor and automobile-related businesses that Hanxing Electronics Group split this time was Kyushu Technology’s assistance technology business. At the beginning, Kyushu Technology wanted to control the production materials of Korea Semiconductor. However, most of the shares of Hanxing Electronics Group are in the hands of our Wall Street capital. Jiuzhou Technology has not been able to control Hanxing Electronics as it wished, so it has not given Hanxing Electronics advanced semiconductor technology in recent years.
I once built it. We proposed to use the Hanxing stocks held by Morgan to truly cooperate with Jiuzhou Technology, but Jiuzhou Technology has always rejected us.
Since we have been unable to join Jiuzhou Technology, with our assets and financial strength, we are completely unable to do so. You can increase your investment in Rosen Technology. Even if you can’t hold a controlling stake in Rosen Technology, you can continue to draw massive profits from the global market.”
Morgan head Gorman’s true influence within the group. The core controller said so.
But this time, Morgan's controllers made strange noises.
“Now that Jiuzhou Technology has effectively mastered cross-era technology, how much resources should we invest in Rosen Technology? In the past five years, we have spent tens of billions of dollars, but we have not yet received Expected profits.”
“Daxia is undergoing land reform, and the vast farmland and mountains are excellent resource areas. Maybe we can transfer some of the funds to it. In the field of agricultural products in Daxia, although Daxia has stricter audits on this industry, there are ways to solve it after all.”
“Semiconductor technology needs to keep pace with the times in order to generate corresponding value! I think it will cause great damage to our interests if Hanxing Electronics Group divides these outdated technologies.”
……
Gorman, the head of Morgan, frowned a little when he heard these voices.
He also knows in his heart that the reason why there is such chaos within the group now is largely because the group has caught on to the rapid development of Daxia, but it has not obtained the core high-quality assets!
Similar discussions will be repeated every quarter when the financial report comes out.
Even the remarks of some of the top executives, if exposed by media reporters, are likely to cause a major earthquake in the financial market! After all, the move to divert investments across the board and put the chips in Daxia can be regarded as "betraying Wall Street."
The tide of the times is raging against the embankment of the capital empire. Gorman is like a member of the shore search and rescue team. He does not want to just watch the group's assets being washed away by the waves, let alone There has been such debate day after day, but no definite action has been taken.
His old eyes concealed a sharp gaze like an eagle.
Gorman looked at the eldest man in the conference room, stood up, and walked to him.
Putting the documents he had compiled on the other party's conference table, Gorman took a deep breath and said solemnly: "As early as ten years ago, I should have left Morgan. It was you who suggested that I should leave Morgan. I continue to manage Morgan.
Now, Morgan has reached its most important crossroads. If the knights and the nobles are still arguing, since I can't lead the team, then I request to resign.
This is not a threat from me, I just think that this can free the Morgan Group. I believe that after I leave, Morgan can make breakthroughs in various fields..."
Gorman's meaning is very clear. If the forces within the group cannot unite their voices, then he does not intend to continue to struggle. The contemporary patriarch of the Morgan family looked at the elite in front of him with deep eyes.
Everyone else in the conference room also glanced over in unison.
After a while, everyone heard a slight cough.
“At the beginning of the last century, our Morgan consortium controlled one-third of the financial capital in the United States, with a total value of nearly 20 billion U.S. dollars. In addition, we also owned 65% of the U.S. insurance industry, worth 12.5 billion U.S. dollars. US dollars, and the companies controlled by our group include: American Steel, General Electric, General Motors, AT&T Telegraph and Telephone, Westinghouse Electric, All-American Cable, United Metal Carbide and dozens of other industry leaders.
But in fact, our Morgan family has always been a farm owner, not an investment family. I still remember that in the 19th century, my ancestor Joseph Morgan pioneered real estate, hotels, cafes, and other industries, but What really made him a lot of money was a disaster in the insurance industry. "
The patriarch of the Morgan family, his eyes were like the light cast by an old projector.
"At that time, a terrible fire broke out on Wall Street, burning more than 600 buildings. Preliminary calculations of direct losses to the building are estimated at more than 15 million US dollars, and the amount of insurance compensation required is a terrible figure that cannot be easily calculated. Astronomical numbers.
In order to pay this huge amount of compensation, many companies in the insurance industry have emptied their accounts and gone bankrupt.
My ancestor, Joseph, lost all his insurance investment as the insurance industry went into the cold winter. But he made a decision that went against human nature!
Not only did he not sell his shares in the insurance company, he even borrowed money from everywhere to raise a full US$100,000 in cash to buy the shares that were sold at low prices.
A few years later, both companies and individual users were in need of the business of excellent insurance companies, but there were not many insurance companies, so the surviving insurance companies were not worried about orders, and they also used the original accident as a reason. Premiums have increased a lot, and the insurance industry has once again entered a period of rapid development.
My ancestor Joseph, who owned shares in a large insurance company, naturally made a very large fortune. It was also from him that our Morgan family began to develop in the financial and insurance industry.
The Moxican government, which was on the verge of bankruptcy after the Spanish-American War, Argentina, which fell into multiple economic crises, and the debt-ridden British government after the Boer War, were all willing to invest hundreds of millions of dollars after being unable to save themselves. The national debt project was handed over to our Morgan Group and let us operate it.
Every fisherman on the beach knows that the bigger the storm, the bigger the waves! The more fish you catch, the more valuable you are!
Because others dare not go to sea! Because we dare to take risks!
Over hundreds of years, our Morgan family has experienced many ups and downs, but our ability to survive and even get better and better depends on the fact that every generation of our Morgan family has people who are willing to take risks! ”
The old man’s words gradually became more passionate, and everyone present was brought into the magnificent era of gold rush and finance by his speech.
It was indeed a beautiful era, Everything is changing rapidly and increasing rapidly
And Gorman hears the information he wants to know.