Chapter 203 Alliance of Interests
"Why do you suddenly add so much investment?" Hardy asked.
In fact, he already had some guesses in his mind.
Meyer explained:
"My first partners were Pepsi, Crocker Agricultural Products and Mersey Pharmaceuticals, plus you and me, invested 20 million yuan."
"Later you said that you would add 50 million. I told my partner about this. They said that they could bring in new investors, so they brought in Bank of America and Lockheed."
"After they knew that you were going to build a new casino and invested 100 million yuan, they discussed for a long time and felt that if the new casino investment is too small and there is no development advantage, it is better to add more investment and finally agree on 100 million yuan."
"Bank of America stated that they will protect the remaining funds after removing the shares of other investors."
Hadi said in his heart, I am afraid that Meyer will not be able to control it in the end.
At the beginning, I promised him that he could invest in casinos in Las Vegas. Meyer's idea was that MGM would dominate the stock and own the actual control of the casino. However, with the development of the situation and the entry of large capital, MGM has been marginalized.
In front of the behemoth Bank of America, MGM is nothing.
Bank of America focused on this piece of fat, thinking it was a great opportunity, and wanted to take the opportunity to enter Las Vegas.
"Is there a plan for the distribution of shares?" Hardy asked.
"Mr. Amadi Giannini, the boss of Bank of America, wants to see you first before discussing how to allocate equity." Meyer said.
Hadi can now be sure that the opponent is not only fancying the Las Vegas gambling industry, but also fancy himself.
"No problem, Mr. Meyer, please contact me. I would like to visit Mr. Giannini." Hardy said.
Who should come is always coming.
Hadi is developing very fast now, and he will definitely be targeted by interested people. In fact, this is nothing. He is in California, and his industry is here. He is naturally the target of the California consortium. Sooner or later, he will come into contact with them.
It's just that he didn't expect this day to come so soon.
This is also because he develops too fast, and there are things that the other party values, that's why he contacted him so quickly.
Hang up, Hardy called Henry, "Henry, help me collect the information of the California consortium, the more detailed the better."
"Good boss." Henry led out.
Meyer moved quickly. He called Hardy a day later. Mr. Giannini wanted to see him as soon as possible. The meeting place was at Giannini’s manor in San Francisco. Hardy could arrange to go to San Francisco at any time.
It seems that the other party is also very anxious.
"Well, I'll be there tomorrow, and I will officially visit Mr. Giannini at three o'clock in the afternoon." Hardy said.
"Okay, I will notify Mr. Giannini." Meyer said.
The next day.
Hardy boarded his own private jet, the B29 bomber, which was finally transformed. There was no bombing equipment inside. The cabin was sealed and decorated. There were 12 business seats and a separate room at the back. There is a large bed.
The modified aircraft has lower noise and is more comfortable to ride.
The bombing equipment was dismantled, but Hardy kept the machine guns. Twelve 12.7mm M2 machine guns were distributed on the upper and lower sides and sides of the fuselage. One 20mm M2 machine gun was installed on the tail turret.
The only people who followed Hardy this time were Henry and Andy. As for the safety and security, the San Francisco HD Security Company was responsible after landing.
During the flight, Hardy once again took out the information from the California consortium. It seems that the ancestors taught the principle of ‘knowing yourself, knowing the enemy, you will never end a battle thousands of years ago.’
California Consortium, with Bank of America as the core, members include Safe Pacific Corporation Financial Corporation, Crocker Agricultural Group, San Francisco Group, Wells Fargo Corporation, Lockheed Corporation, Lipton Industries, Northrop Grew Mann, Philco, Schervania Electronic Equipment, San Francisco Electric Company, PRC Real Estate Development Company, California Life Insurance Company, California Transportation Company, California Petroleum Company, Los Angeles First Bank, Martin Marietta Company , Kaiser Motor Company, Kaiser Steel Company, Kaiser Aluminum and Chemical Company of the Kaiser Group.
Through cross-shareholding and joint agreement, the total assets of the companies under the control of the Bank of America Group are approximately US$8.5 billion.
Most of the consortia before World War II belonged to family consortia, such as Rockefeller, Morgan Consortium, DuPont Consortium, and Mellon Consortium, with one family as the core development.
Even the Cleveland consortium, the Chicago consortium, and the Boston consortium have developed with several family alliances as the core.
The California consortium is a bit different. It is a local consortium rooted in California. It has benefited from the rapid development of World War II. The companies, mainly with Bank of America as the core, adopt a cross-shareholding method to form an alliance of interests.
In comparison, it is looser than other families, but the expansion speed is faster. This situation can only be said to be good and bad.
is like someone forming a group, adding some capable people into the group, and integrating resources to make money together.
The advantage is rapid development.
The disadvantage is that if you compete with other big capital consortia, it is easy to be broken by everyone, and finally fall apart.
After reading the information, Hardy had a good idea, put the information aside and pondered silently, thinking about what the chairman of the Bank of America, Mr. Amadi Janini, would say to him.
Andy watched Hadi closed his eyes and rested, picking up the information, and it seemed that for this meeting, Andy also had his own guesses in his heart.
After a long time, Hardy opened his eyes and looked at Andy, "Andy, if someone wants to buy our property, what do you think you can give up?"
Andy thought for a while, "Except for HD Security, ABC TV and Hardy Hotel, everything else is fine."
Hadi smiled, shook his head and said: "I think the Hardy Hotel should be replaced by the Global Times."
Andy was a little surprised: "Are you willing to let go of the casino business?"
"Businesses that are just for making money, you can let go, as long as you can get a more lucrative business, Andy, what do you think we are most lacking now?" Hardy asked again.
This time Andy did not hesitate and said directly: “Without a bank, all consortia’s industries are based on one or several banks as the core and other industries as the pillars. If the Hardy Group has its own bank, it will be like An eagle with wings spreads its wings and flies high."
Andy used to be a banker and a vice president of a bank. He knows the role of the bank and the help to the enterprise best.
If you have your own bank, it will be countless times easier to start things, such as investing in your own industry, stock trading and short selling, investing in potential companies, inter-company financial settlement, fund management, etc. There are too many benefits.
"I think so too. I thought it was too early, and the bank affairs were not on the agenda for the time being, but maybe it's an opportunity now?" Hardy said.
"What are your plans?"
"Look at it, I don't know how Bank of America is going to cooperate with us. Now everything is an assumption." Hardy said.
The plane landed smoothly at San Francisco Airport.
The head of HD security in San Francisco had already brought the team to wait. Hardy and Andy got in the car, Henry took over the security team directly, and the team drove to Giannini Manor.
The motorcade came to the entrance of the manor. There was already a group of people waiting to be greeted at the door. The butler looked into the car respectfully and said: "It’s Mr. Hardy? Master let us greet you here. Please come in, Mr. Hardy, and the master is waiting in the lobby."
The convoy enters the manor,
Hadi got out of the car, the servant opened the door, and there was a spirited old man standing in the hall. Hardy smiled and said, "Mr. Janini, I am very glad to meet you. It is my honor to visit you."
Hadi has read the old man’s information. The old man is 76 years old this year, but he seems to be in a good state of mind and is still in charge of the family business.
The old man stretched out his hand and shook hands with Hardy, and said with a smile: "Although I know that you are only 26 years old, I am still surprised to see you yourself. The 26-year-old young man has created it in just two years. A completed career."
"You are so complimented." Hardy said modestly.
"Young man, let's sit down and talk, what to drink?" Giannini asked with a smile.
"Tea."
The old man nodded, "I like tea too."
The two sat down, and the people around stood far away, including Andy, who could only sit far away.
"Hadi, I am very interested in Las Vegas casinos. No one has ever been able to intervene in Las Vegas business at will. Thank you very much for giving you this opportunity." Janini said.
"I always think that only when everyone makes money together can the business grow." Hardy smiled.
"This knowledge of yours is very rare. I realized this truth only when I was forty years old. Only when everyone is united can I make more money."
"Hadi, what is your opinion on the investment in the new casino?" the old man asked.
Hardy paused for a while, and said, “My idea is that I own 20% of the shares. If I am allowed to operate and enjoy the right of operation dividends, if I don’t manage it, then I will only take equity dividends.”
Hardy's words are very non-aggressive.
The old man looked at him.
smiled and said: "I think it is best for you to run it. After all, you are the most familiar with this one. The previous Hadi Hotel was operated very well. I believe in your ability."
"If you let me operate, then I have one condition." Hardy said.
"you say."
"During my business period, I have full management rights and are not restricted by shareholders. Of course, the agreement can indicate terms. If mismanagement causes losses to a certain extent, the full management rights will be lifted, and the shareholders will make decisions. In addition, the president will be hired~www .novelhall.com ~ Hardy Road.
The company that the new casino has invested in is not a member of the California consortium, or their friend. If Hardy is allowed to operate but has no decision-making power, as long as the other party is not satisfied, he can use the voting rights of shares to influence him at any time.
Although he is not afraid of losing his management rights, he does not like the feeling of being manipulated, so this is the reason.
Gianini finally saw Hardy's young side, and said that this should be Hardy's real face.
In two years, he created hundreds of millions of assets and became the ruler of the largest underground power in Los Angeles. It is absolutely impossible for him to be like a gentle young man like what he just showed.
The old man nodded, "I agree with your opinion, and I agree on behalf of Bank of America. As for the specific shares and other collective partners, they will discuss together, including the dividend ratio of each company’s shares and management shares."
Hadi knew that as long as the old man agreed, the matter could basically be settled.
The old man picked up the cup and took a sip of tea. After putting down the cup, he asked: "Hadi, do you have any plans for the future development of your industry?"
Hadi knew that Janini might have to talk to himself about other things, this sentence is just an opening remark.
(End of this chapter)