Although the press conference is over, the impact on the world's major companies is constantly fermenting. Of course, the first one is the National Steel Corporation of the United States. The Black Cloud Group purchases raw materials from Sumitomo Metal, but it has to reduce their share. But now it's a done deal, everything is a foregone conclusion, but it's hard to change.
Since the black cloud road is not feasible, then we must find a way from other aspects. Moreover, the contradiction between Bao Zixuan and the Morgan family is not known to the world, but at least the shareholders of National Steel Corporation are aware of it.
It's just that it didn't affect the company's business before, and it was a personal matter. With the authority of Old Morgan, no one really dared to say anything more. But now it is different. The Black Cloud Group buys raw materials directly from the Japanese, so it is not very prosperous for the American National Steel Company itself. Although it is not a fatal blow, it is definitely a worsening behavior.
There is no way but to convene a board of directors. After all, the matter is too big and has exceeded the normal business scope of the company. The Morgan family has been buying the company for more than 80 years, and almost no one can shake their authority in the company. But now Old Morgan also knows that he must explain the situation to shareholders and discuss the next countermeasures.
It was clear before that Bao Zixuan would definitely choose other partners, but the investigation found that there was no company that could take such a large order. After all, the annual purchase volume of Heiyun is too large, and it is still increasing year after year.
Contradictions are contradictions, and business is business. This is a different matter, and it is not so easy to give up when the two families get what they need. I didn't expect the Japanese to come out to disrupt the situation. It seems that they were too polite to them before.
However, this was a critical period of the Cold War, and the Americans did not dare to suppress Japan too hard, let alone offend the Japanese for no reason. If the other side falls to the Soviet Union, it will be a huge blow to the entire Western world. Although this possibility is low, it is not guaranteed that it will not happen.
Old Morgan came to the headquarters of the Pittsburgh Steel Company for this purpose, and saw that all the shareholders did not speak in the conference room. This is the rule, no one can speak if Old Morgan doesn't come. Although some domineering, but who let people have that strength!
Seeing old Morgan come in, the shareholders seem to have found the backbone.
After sitting down, Old Morgan said, "Since everyone is here, let's start the meeting!"
This sentence is absolutely like an imperial decree. Ricky, CEO of National Steel Corporation, said to everyone: "We must have seen what happened in Xiangjiang. Heiyun Group has cooperated with Sumitomo Consortium on many projects. Including raw material procurement, of course The largest amount is the procurement of metal raw materials.”
"At present, Heiyun Group purchases 4 billion US dollars of metal raw materials from National Iron and Steel Corporation every year, which can be said to be the company's largest customer. Moreover, Heiyun Group is different from other companies in that payment for goods is very timely; it will never be in arrears; It's also very reasonable, and it's the best customer I've seen in my 30 years of business."
"But looking at us, we didn't even take the initiative to visit once. This is not common in such a large-scale trade, or even unique."
"Customers have more suitable partners, and of course they will give up some suppliers. At present, we are the one that has been abandoned. If we don't want to take countermeasures, the profit of National Iron and Steel Company will be lower next year, or even loss."
In fact, as the CEO of National Steel Corporation, Ricky is also very complaining about the old Morgan. Previously, Old Morgan issued a ban on its subsidiaries; that is, none of its subsidiaries could take the initiative to visit Bao Zixuan. Even if the boy surnamed Bao wanted to come to the company to visit, he had to refuse directly.
At that time, Ricky disagreed, and even asked old Morgan to explain the situation. But how can stubborn people easily compromise, of course they do not agree. And gave Ricky two choices, either accept it or leave.
Now that something goes wrong, Ricky doesn't want to take the blame for Old Morgan. Although the life in the National Iron and Steel Company will not be easy in the future, it is better than being so unclear.
Old Morgan glanced at everyone and said with a smile, "Do you think so too!"
"I think that as long as we are attentive to customers and take the initiative to visit, people will give us orders. This is too naive, even ignorant. I won't tell you that Bao Zixuan is in conflict with the Morgan family. Of course, this is a private matter, I didn't want to say it on the board of directors of the company. Now do you think that the relationship with the Morgan family caused the Black Cloud Group to reduce or stop purchasing metal raw materials from the National Steel Corporation."
"It is a matter of time before the Black Cloud Group reduces the purchase of raw materials from National Steel Corporation. It is not because of the cheap prices given by the Japanese, nor because of a conflict with the Morgan family."
"In terms of how much you know about Bao Zixuan, maybe you guys don't have as much knowledge as I do. The Morgan family's intelligence data about that kid is over one meter high. It can be said that a comprehensive investigation has been done on him. There are no dead ends."
"Bao Zixuan is very ambitious, and even though he is young, he likes to be vigilant in times of danger. In his opinion, the raw materials are in the hands of Americans, which will make them feel very insecure. Once we cut off the supply of raw materials here, then the black Many factories will be affected."
"There is an old saying in Huaxia that eggs cannot be put in the same basket. At present, National Steel Corporation is the most important raw material supplier for Heiyun Group; if there is a problem between us, Heiyun cannot afford this loss."
"The Japanese took the initiative to come to the door, and they were in their hearts with Bao Zixuan. And if I put it here today, ten years later; the Japanese will lose more than the money they make."
It can be said that Old Morgan sees everything very clearly, and the old guy knows what Bao Zixuan really thinks.
A shareholder suddenly said: "Since Mr. Morgan has already thought of it, I don't know if there is any countermeasure."
Hearing someone speak, everyone looked at the person who just spoke. After all, this is a bit of a challenge to the authority of old Morgan, and the meaning is obvious; since you are so capable, there must be a way to deal with it.
After knowing who was speaking, everyone seemed to be watching a good show.
James Carnegie is the great-grandson of Andrew Carnegie, founder of the National Steel Corporation.
The predecessor of U.S. Steel was the Carnegie Steel Company founded in 1864. The Carnegie Steel Company flourished only after the imposition of tariff barriers in the United States in the mid-19th century. This tariff protection for the U.S. steel industry was completely removed in 1913. Before that, much of the U.S. steel industry had relied on tariff barriers to profit from free-trade competition with Britain. Carnegie Steel gained an advantage by building from scratch into a large steel conglomerate that produced steel, and for decades remained the world's largest steel mill.
Later generations did not understand that Andrew Carnegie sold the company to the Morgan family. After all, it is the time when the company is most prosperous, how can others be allowed to pick it up.
In 1901, the United States was in a state of absolute protection for domestic steel companies. Carnegie Steel is booming, earning a lot of money.
Although it received $400 million in cash at the time, the company was useless, and the family would soon decline. Is it such a superficial truth, Andrew Carnegie will not know, there must be other secrets.
Andrew Carnegie didn't say why until his death, which made it even more suspicious. In particular, the descendants of the Carnegie family are very critical of selling the company.
It is believed that the Morgan family must have forced Andrew Carnegie through disgraceful means. If you don't sell the company, you may even lose your life. Although this is just speculation, the business environment at that time; murder and arson often happened; and Carnegie's descendants cannot be blamed for thinking too much.
Although they lost their shares in National Steel Corporation, the Carnegie family also had enormous wealth. Later generations saw that the company founded by their ancestors had always been the Morgan family giving orders, and of course they would not be convinced.
Four years ago an accidental opportunity; the Carnegie family finally seized the opportunity and spent billions of dollars to buy shares in National Steel Corporation. It can be said that it is now the second largest shareholder of the company. The trend of companies taking back.
It's just that we have to endure it now. The Morgan family has been running the company for more than 80 years; Carnegie doesn't even have a shadow. How can shareholders and employees still recognize and trust the Carnegie family.
For the Carnegie family to enter the board, the old Morgan has no right to prevent it. If it does, it is a challenge to American law, and no one is so bold.
Previously, the Carnegie family was still very quiet, and they were basically invisible on the board of directors. Today, they suddenly asked old Morgan if they wanted to compete for power.
It is not too late for a gentleman to take revenge for ten years, but the Carnegie family is more interesting. It was actually forbearing for 80 years, and it didn't break out until the fifth generation of the family, which also confirmed the terrifying strength of the Morgan family. It can be said that the way of heaven is good for reincarnation, who the heaven will forgive.
Shareholders are not stupid, and no one dares to speak up at this time. Although the Morgan family is stronger, the Carnegie family is not easy to mess with, there is no need to offend. It's good to watch the show, don't put yourself in it; this is the true opinion of all shareholders.