章節 1373: Chapter 1373: The Rockefeller Duo
"Reginald, that's a good suggestion.'
'Although the steel industry has now become a basic industry, and even our consortium's steel company is having difficulty operating, if we can merge with Mellon's steel company, then we can integrate internal resources, reduce the loss of competition in the production and research and development of homogeneous steel, and the operating situation will instead be optimised.'
'But I'm thinking, since our goal can be those four steel companies, why not further expand the scope and see if we can take over the National Bank of Pittsburgh?'
Sam Eaton had even bigger ambitions. After listening to Reginald Hanna's opinion, he pondered for a moment and said with a deep gaze.
Upon hearing this, everyone's expression changed and they fell into thought.
After a long while, Reginald Hanna stated, 'This is indeed a very good direction.'
'Although the National Bank of Pittsburgh is one of the financial core platforms of the Mellon Consortium, in terms of importance, it ranks fourth after the Bank of New York, Mellon Financial Corporation and General Reinsurance Company.'
'The most important thing is that it is the Mellon Consortium's financial core in the Pittsburgh area and is closely linked to major industrial companies in Pittsburgh. If we can complete the acquisition of it, then our Cleveland Consortium's influence in Pittsburgh will soar.'
'Not only can we use the Pittsburgh National Bank to control other companies, but it also adds a financial core platform for us, enhancing our strength in the financial sector and further reducing our financial dependence on the Morgan and First Citicorp consortia.'
'Yes, the benefits are indeed great, and it is worth taking a chance.'
'I agree!'
'...'
As they continued to elaborate on their views, the thinking of the four of them continued to expand, and a plan to take advantage of the Mellon family's misfortune gradually took shape.
...
Of course, the Cleveland Consortium was not the only one that wanted to take advantage of the situation.
Among them was the Rockefeller family, which had a deeper cooperation with the Mellon family.
Between the Mellon and Rockefeller consortia, there were two iconic companies controlled by the partnership: Martin Marietta and Westinghouse Electric.
The former is a top American arms supplier that provides radars, aircraft and missiles for the US military. This company is another arms company in the Mellon consortium, in addition to Rockwell International. It was just merged with Lockheed in 1995 to become the famous Lockheed Martin Corporation.
Westinghouse Electric Company, founded in 1886 by the great American inventor George Westinghouse and headquartered in Pittsburgh, Pennsylvania, was later acquired by the Mellon family. The company is active in a wide range of fields, including energy, transportation, communications, the military, aerospace, and environmental and health management.
In addition to this arms giant and electrical industry giant, companies such as Armco Steel have also been infiltrated by the Rockefeller consortium.
Compared to the Cleveland consortium, which requires the four families to jointly negotiate, although there are many other families as partners in the Rockefeller consortium, the core has always been the Rockefeller family.
Therefore, only two people hold the secret meetings:
David Rockefeller, the head of the family, and Lawrence Rockefeller, David Rockefeller's second-in-command and David Rockefeller's fourth brother.
The two are the two core pillars of the Rockefeller family. The former's influence is unparalleled, and when he travels abroad, he is received with presidential-level protocol by other countries.
The latter is an even more outstanding financial genius than David Rockefeller, who set the precedent for venture capital investment worldwide and is known as the 'Father of Venture Capital'. He also dominates the New York Stock Exchange, which his grandfather bought.
Thanks to his presence, the Rockefeller family repeatedly competed with the 'king of Wall Street', the late Henry Morgan, the fourth-generation head of the Morgan family, in the financial sector, and broke Morgan Stanley's (Morgan Stanley) more than 30 years of accumulated monopoly.
Today, the only person in the Morgan family who can rival him is John Chris Morgan, the most outstanding son of Henry Morgan, who founded Morgan Stanley, and the fifth-generation head of the Morgan family, who has the reputation of a 'financial genius'.
'David, what are you going to do this time against the Mellon consortium?'
Lawrence Rockefeller asked David Rockefeller, leaning on the sofa with his left hand, crossing his legs and taking a few puffs on a Cuban cigar.
'At the very least, Gulf Oil must be taken over. Last year there was a chance, but the old Mellon settled the matter by returning capital by liquidating overseas assets.
'But this time, Gulf Oil needs to be branded with our family's logo again!'
David Rockefeller said with a calm gaze.
As the leader who has led the Rockefeller family to new heights, David Rockefeller naturally has unparalleled insight.
In his hands, the Rockefeller consortium has been firmly seated as the wealthiest in the United States and even the world for more than 20 years, and the Rockefeller family has continued to widen the gap with the Morgan family.
Although wealth is something he has pursued all his life, restoring the family's glory is also something he wants to do.
No matter how large the Rockefeller Foundation is, the Rockefeller family's symbol can never be changed, and that is Standard Oil!
More than 70 years ago, the Rockefeller family could not cover up the sky with one hand. With the joint efforts of Roosevelt and a group of families, Standard Oil was dismembered into 34 oil companies.
Over the past 70 years, John D. Rockefeller Jr. and his son David Rockefeller have rebuilt the flagship company Exxon Mobil Corporation. Through shrewd management and continuous mergers and acquisitions, Exxon Mobil Corporation has continued to grow and once again become the world's number one company. Although it is not as dominant in the oil industry as Standard Oil was, it is still very good.
At the beginning of 1980, Exxon Mobil Corporation became the world's first oil company to exceed US$100 billion in sales, and its net profit was more than US$5 billion!
Among the world's seven major oil companies, in order of size they are Exxon Mobil Corporation, Royal Dutch Shell plc, Mobil Corporation, Texaco, Inc., BP p.l.c., Chevron Corporation, and Gulf Oil Corporation.
Exxon Mobil Corporation is dominated by the Rockefeller family, and Royal Dutch Shell plc, Mobil Corporation, and Chevron Corporation are all controlled by the Rockefeller family, which holds the largest share of their equity.
That leaves only three companies that have not yet been infiltrated: Texaco, BP and Gulf Oil.
Texaco is backed by the Texas Consortium, and BP is even less likely to be taken back. Gulf Oil, on the other hand, is controlled by the Mellon Consortium.
So David Rockefeller has long had his eye on Texaco and Gulf Oil. The downfall of old Mellon is an absolutely once-in-a-lifetime opportunity for him!
Lawrence Rockefeller skillfully drew a smoke ring and said lightly, 'Gulf Oil will definitely be taken back, but this is a rare opportunity. It would be a waste to just take over such a company.'
'When old Mellon was still around, he successfully resisted not only our infiltration, but also J.P. Morgan's. Although his strength was much weaker than ours, he was able to keep the Mellon family independent and compete strongly with us in many fields.'
'This time, now that he has finally fallen, we must knock the Mellon family off the table. No one in the Mellon family is qualified to dine with us at the same table anymore!'
'And it's best if they never can again!'
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