v3 Chapter 1383： Wolves eating tigers

Genius remembers this site address in one second: []https://fastest update! No ads!

In the living room of the Mellon family.

Some members of the Mellon family gathered here, fifteen people in total.

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

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

James Mellon is now the chairman of the Gulf Oil Company and runs this family business that has been passed down for nearly a hundred years on behalf of the family. Of course, his equity is not much, not even one percent.

This is also the current situation in which the Mellon family holds equity in various companies. Family members hold very few equity in various companies, and most of the equity is in the family's charity fund or management fund.

The equity of the fund belongs to everyone, but the head of the family has the highest authority.

"James, what's the situation with Gulf Oil now?"

"Is it really at a critical juncture in such a short 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's announcement is too inflammatory."

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

"But over the years, the company's business conditions have gone from bad to worse, which has repeatedly disappointed shareholders. Dissatisfaction has existed for many years."

"In 1980, the company's turnover reached 26.483 billion U.S. dollars, and its net profit was 1.915 billion U.S. dollars, with a net profit margin of 7.23%."

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

"Not only that, although we cleaned up overseas assets, most of the funds returned were used to repurchase stocks to stabilize the stock price. It was indeed effective at the beginning, but now with the decline in international oil prices, the company's stock price has fallen again, and the market value Since the beginning of this year, it has shrunk more than two billion dollars!"

"Although I am very reluctant to face it, in fact, I did make a series of wrong strategic decisions on behalf of the family, so that most of the equity held that their interests were seriously damaged. Not only did the annual dividends decline year by year, but even The value of stocks is also shrinking."

"So now the shareholders have lost confidence in us and are unwilling to believe in long-term benefits. They would rather choose to believe in Mesa Petroleum."

After listening to the audience, everyone looked solemn, knowing the seriousness of the problem, and 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% short of more than half of the equity. Do you think it is possible that shareholders who are on our side have voting rights? Is there so much?"

A few years ago, the Mellon family’s control of Gulf Oil’s equity was only 26.5%, but thanks to Richard King Mellon’s acquisition of equity, Gulf Oil’s repurchase of equity, and Xia Yu’s acquisition in May this year. With 4.85% of the equity as a dowry gift, the Mellon family’s equity has returned 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, all the people who were frightened by Uncle Richard are all eager to move. Shareholders may not be willing to continue to follow suit. As we go, the only thing we can rely on is ourselves."

"Mesa Oil Company proactively announced that it owns a 10.2% stake, and no one knows how much it secretly controls."

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

"Now that things have just happened, we must make a decision as soon as possible, how to act on earth, and the uncertainty will increase sharply."

As soon as he finished talking, other people looked at each other and one of the people said: "The best way is naturally to increase the shareholding. As long as we control the board of directors and the general meeting of shareholders, Mesa Oil Company can only withdraw. People can't help it."

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

"This amount of funds is not too much, and less 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 funds is urgently needed."

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

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

He returned to the family for this purpose. As far as he is concerned, as the chairman of Gulf Oil Company, he definitely hopes that the company will be stable and operate in his hands.

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

When the patriarch Richard King Mellon was still in a coma, no one could do anything arbitrarily for the time being, so the clansmen of all lines would discuss and vote 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.

"Let’s think about it tonight, and talk to other tribesmen. Call the people who haven’t come tomorrow morning and have another meeting to make the final decision."

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

Then, he continued to exhort everyone: "Now because of Richard's illness, the family has turned on the highest state of alert. According to my guess, Gulf Oil's sniping will not be an exception. There must be many more later. Vicious events are waiting for us."

"Everyone has the responsibility to raise funds, and a sufficient flow of funds is our ammunition for defense and counterattack."

"You should also be vigilant and pay attention to the trends of your company at all times, and report the situation to your family as soon as you discover the situation to avoid being caught off guard."

"James, you have to continue working hard tonight, responsible for contacting those shareholders, figuring out their attitude, and stabilizing them first."

James Mellon nodded: "Okay, Uncle Paul."

...

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

Even if the international crude oil price has fallen from its peak in July to a price below US$20, the company's revenue, net profit and assets are destined to plummet in the next two years!

It was just when the Mellon family made a decision and began to increase their holdings.

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

He had already received the secret news and 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.

Douglas Mather, Reginald Hanna and others couldn't help but yell when they learned about it.

Originally, I was happy that the Mellon Consortium had consumed part of the funds to relieve the pressure on our side. Now we can secretly purchase stocks and catch the Mellon Consortium by surprise.

But now being driven by ducks on the shelves, the sight of the Mellon consortium is definitely attracted.

Douglas Mather and others are also very decisive ~ www.novelhall.com ~ Since it can't be hidden, it will directly show the card and immediately initiate a takeover war against the four major steel companies of the Mellon Consortium.

Quite a preemptive situation.

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

There is no need to communicate privately. These people seem to have a tacit understanding, and they have moved towards the companies under the Mellon Consortium, but most of them are low-key acquisitions.

But when everyone is acting together, no matter how low-key, the news can't be kept away.

What's more, shareholders who hold equity in a certain company want to sell their equity at a higher price. How can they hide the news for the acquirer?

As a result, the American business community suddenly became chaotic.

The monstrous waves quickly took shape and pressed against the Mellon family!