章節 1372: Chapter 1372: The Cleveland Consortium's Mindset
The Cleveland Consortium is also a conglomerate, unlike the Morgan, Rockefeller, DuPont and Mellon consortia, which are internally dominated by one superpower and multiple weaker powers.
Its type is similar to the previously dismembered Chicago Consortium.
At the beginning, the Cleveland Consortia was a steel industry consortium established by a group of people relying on the rich coal and iron resources in the Cleveland area. Then, it expanded step by step into other fields such as banking, the rubber industry, and rail transportation.
Even now, the steel industry is still the main interest of the Cleveland Consortia.
Of the ten largest steel companies in the United States, four are controlled by the Cleveland Consortium: Republic Steel, Lex Yngston, Armco Steel and National Steel.
Of course, because in the past twenty years American industry has been constantly competing with foreign markets and has also been affected by international economic factors, American industry has been greatly affected.
Therefore, the overall strength of the Cleveland Consortium is only the last place, ranking last.
However, because the Chicago Consortium, which was previously stronger than it, was dismembered by a coalition of multiple consortia, the Cleveland Consortium, which was originally ranked tenth, was fortunate enough to rise one spot and ranked ninth, with the tenth spot belonging to the Polaris Consortium in the West.
As a consortium, internally it is the same as the Chicago Consortium, with four core families: the Mathers, Hanners, Humphreys and Etones.
Even though the four families are allies, they are not family members after all, and there is bound to be infighting. Family interests cannot be completely linked to the interests of the consortium, so the Cleveland Consortium has also been seriously infiltrated by other consortia.
For example, in the financial sector, although the Cleveland Consortium has repeatedly strengthened itself, with five financial institutions such as the Cleveland Trust Company, Cleveland National City Bank, and Koka International Group, these five financial institutions are all regional financial companies, and none are large national financial giants.
As a result, in terms of finance, the Cleveland Consortium had to rely on other consortia in the East for funding, and in terms of raising capital, it mostly relied on the Morgan Consortium and the First Citicorp Bank Consortium.
In the industrial sector, it was infiltrated by the Rockefeller and Mellon consortia, with the Mellon consortium being particularly influential.
Armco Steel was infiltrated by the Mellon and Rockefeller consortia.
National Steel was also infiltrated by the Mellon consortium.
Two of the four core steel companies were heavily infiltrated,
The other rubber giant, Goodyear Tire & Rubber Company, was also heavily infiltrated by the Mellon Consortium.
Another tyre and rubber giant, Firestone Tire & Rubber Company, was infiltrated by the Rockefeller Consortium.
In addition, some companies of lesser importance were also infiltrated to varying degrees by other consortia.
Of course, by now, the infiltration of consortia by each other has become very common, the only difference being the severity of the infiltration.
It's just that the Cleveland Consortium has suffered more, being infiltrated to a greater extent, so that the four families of the Mathers, Humphrey and others are already inferior when facing these families, and there are more constraints in various aspects, which has seriously hindered the development and growth of the Cleveland Consortium.
And the fall of the third-generation leader, Richard King Mellon, who led the Mellon family to new heights and made them all awe-inspiring, has made them eager to move.
The Mathers have been living in the foothills of a heavily guarded suburb of Cleveland for over a hundred years.
That night, the heads of the four families gathered here.
Douglas Mathers was the owner of the manor, Reginald Hanna, Kenneth Humphrey and Sam Eaton.
These four men were the top figures in Ohio and top gangsters in the United States. The four of them could affect the industrial sector of the United States just by stamping their feet.
'The latest news I've got is that old Mellon is done for. There's a good chance he'll become a vegetable. Even if he wakes up, he won't be the same as the mighty king of Pennsylvania.'
With a broad smile, Master Douglas told the good news to the others at the table.
'It is indeed good news, but I still feel a bit sorry for him. It would have been better if he had just died,' said Sam Eaton with a regretful sigh.
He harboured a strong grudge against the Mellon family, and the reason for this was that the National Steel Corporation controlled by his family had been infiltrated by the Mellon Consortium, which made it impossible for him to exert his full influence in the day-to-day management of the company, and at times he was even infuriated.
'Everyone wished that he had died at the beginning, but this was not something that we could control,'
'As things stand, the situation is already considered extremely good. His sudden collapse has greatly reduced the threat of the Mellon consortium to us. Now the Mellon family has not yet cultivated a qualified new generation of leaders. This is our opportunity!'
Reginald Hannay said coldly.
Kenneth Humphrey added, 'There is something wrong with the Mellon family's education. They are too lenient with the management of future generations, so much so that even the cultivation of heirs has gone wrong.'
'Before, old Mellon took his third son Leonard Mellon and fourth son Woodrow Mellon everywhere he went. I have met these two young men, and they are indeed very talented, but they are still too young.'
'The older Leonard Mellon is only 28 years old, and he is not up to the task, haha...'
Douglas Master poured cold water on everyone's face with a serious expression: 'Let's not get too excited. At least Paul Mellon is still alive. Although his abilities are far inferior to Richard King Mellon's, he may still be able to calm the turmoil in the Mellon family.'
Sam Eaton sneered, 'Hmph, now that old Mellon has fallen, there are quite a few people eyeing the Mellon Consortium. I don't believe Paul Mellon can resist them completely.'
Reginald Hanna added: 'Sam is right, we are not the only ones with designs on the Mellon fortune. I don't believe that the two insatiable individuals David Rockefeller and John Chris Morgan will give up this opportunity.'
'Isn't that why we are sitting here?'
'We should quickly decide on a plan of action and get moving as soon as possible.'
Kenneth Humphrey immediately chimed in: 'I think the bottom line of our actions is actually very clear. Amoco Steel, National Steel and Goodyear Tire & Rubber Company, the three companies controlled by the Mellon financial empire, must be taken back to strengthen our foundation.'
'Then, if there is sufficient funding, the Mellon financial empire's holdings in other companies should also be taken back.'
Reginald Hanna expressed a different opinion:
'I agree with Kenneth's previous point, but I think his latter point is still too conservative.'
'I think we can be more aggressive. Instead of buying back the shares of the other companies, we can use the resources to attack the Mellon consortium.'
'Our financial strength is relatively weak, and we rely heavily on other banks in the East. Can we take advantage of this opportunity to swallow one of the Mellon financial platforms and enhance our own financial autonomy?'
'In addition, the Mellon Consortium owns four large steel companies. Could we take this opportunity to acquire them? Complete our absolute control over the American steel sector?'
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票