America 1919

Chapter 507: 189. Cash is King_4



But as long as Donnie firmly held onto those shares, they would have to make that move.

Charles Merrill chuckled and said, "I believe Mr. Block, you certainly wouldn't do that!"

Dammit, indeed, there wasn't a single easy-to-deceive fellow!

Donnie, with a smile on his face, asked, "Actually, I am quite curious, what kind of price did the other party pay to make you agree to their crazy plan, Mr. Merrill?"

"Mr. Block, now that you should have analyzed everything, why bother asking me? The so-called advantages are only two, one is an irresistible benefit for the current Merrill, and the other is Merrill's irreplaceable position in ABC," replied Merrill.
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Charles Merrill did not tell Donnie the specifics, but he did give a rough idea.

After listening, Donnie nodded his head, no longer asking any questions.

At that moment, William Mellon walked in.

When he shook hands with Donnie, he patted Donnie's shoulder without saying anything and took his seat. Charles Merrill wanted to greet him, but seeing William Mellon's attitude, he didn't say anything.

The three sat in the conference room, the atmosphere somewhat awkward.

However, the awkwardness soon dissipated with the entrance of Owen Young.

Like William Mellon and Charles Merrill, upon entering, Owen Young first greeted Donnie.

"Owen, as a partner, I understand the actions of General Electric, but as a friend, I want to ask you if I were to come out on top, do you know what consequences you would face at General Electric?" asked Donnie calmly, leaning back in his chair.

Unlike Charles Merrill and William Mellon, Owen Young was just the president of General Electric. Although he held some shares, they were merely incentive-based. If the company incurred a significant loss under his watch, it wouldn't matter whether the decision was led by Owen Young; he would be the one to take the fall.

Charles Merrill was different; though Merrill had many shareholders, they were not listed on the stock exchange, and Charles Merrill was still the largest shareholder of Merrill, with Edmund Lynch as his staunch partner.

Even if Merrill failed in this move, it still could not shake Charles Merrill's position in the firm.

The same was true for William Mellon. As long as Andrew Mellon was around, no one in the Mellon Consortium could challenge William Mellon's position.

Owen Young calmly said, "Thank you for the reminder, Donnie. I've been pondering over this matter these last few days, but no matter how I analyze it, you have no chance of winning this time, and I can't possibly lose this battle.

However, Donnie, just like we discussed last time, this move is not intended to take ABC out of your hands, we just want to see a more balanced development for it.

With the opening of Surf Hotel, Donnie, your focus will surely be on Surf Hotel, but that has nothing to do with us..."

At that point, William Mellon interjected, "Mellon Consortium is also a shareholder in Surf Hotel!"

Owen Young paid no attention to William Mellon's attitude and continued, "Human energy is limited, and when you invest more of it into Surf Hotel, it will inevitably lead to less attention to ABC.

With the rise of Sinclair Oil Corporation's short-selling war, more and more companies are taking notice of radio stations and more and more capital is entering the industry; the commercial radio industry will definitely become a market of flourishing diversity.

At such a time, it is even more critical to devote a significant amount of energy to ABC.

But out of respect, we are willing to entrust you with the management rights of ABC, and you should also give a corresponding return for this trust. So, Donnie, you now need a regulatory presence.

I'm very grateful that you consider me a friend, Donnie, and it's for that reason, as a friend, I want to remind you that within reasonable limits, everyone is still willing to support you!"

Donnie chuckled softly and said, "If I give up more shares, wouldn't that mean that whenever you think my actions no longer serve your interests, you could simply dismiss me at will?"

Owen Young said, "Even so, as ABC's largest shareholder, Donnie, you would still be the one who benefits the most. Why wouldn't you be happy with that?"

"The key issue is that I'm not just ABC's largest shareholder; I am also the founder of ABC!"

Donnie replied in this manner.

William Mellon thought of his previous conversation with Donnie, and this started to worry William Mellon about today's events!

This is just the business world!

Under the guise of acting in your best interest, these people ruthlessly plunder the wealth that should belong to you.

The conversation between Donnie and Owen Young thus came to an abrupt end.

George Whitney, representing Morgan, walked in.

Donnie's eyes brightened when he saw George Whitney. In Donnie's prediction, Morgan could very well be the mastermind behind the events.

"Mr. Block!"

"Mr. Whitney!"

Just as with Charles Merrill, George Whitney merely gave Donnie a brief greeting before taking his seat.

However, Donnie noticed that Charles Merrill had not taken the seat closest to him but had left a seat empty between them.

That meant someone else was expected to come in.

Could it be the person he had in mind?

"I had thought there was no one in the United States who could direct Morgan!" Donnie exclaimed.

George Whitney said proudly, "Indeed, no one can direct Morgan!"

"What about the current situation?" Donnie cast his gaze to the vacant seat.

George Whitney said with a smile, "He approached us at Morgan with his plan, and we at Morgan found their plan to be more in line with Morgan's interests, so we agreed to it!"

"But as a partner, isn't Morgan doing this to ABC something that could make Wall Street lose its credibility?"

Donnie asked calmly.

To a certain extent, Morgan represents Wall Street!

George Whitney confidently said, "Once this matter leaves the room, no one will know about it, and I trust that you, Donnie, won't disclose it either!"

This was Morgan's confidence - if they could represent Wall Street to a certain extent, then they were the rule-makers of Wall Street.

In such a situation, naturally, George Whitney had nothing to worry about!

Donnie said indifferently, "Well, now that everyone has arrived, I think we might as well let young Mr. Rockefeller in!"


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