The journey starts from the Titanic

"In this way, Mr. Schwab wants to challenge U.S. Steel again before he retires, right?" Situ Nan asked.

He glanced at Schwab and found that the sideburns around his ears were all white, and a few wrinkles were cracked on his forehead. If you don't look closely, it's really not easy to spot.

Time is not forgiving!Although the man in front of him is still healthy and strong, Schwab has worked for Carnegie Steel for half his life and then started his own business. Thinking about the fact that he has been in charge of Bethlehem Steel for more than ten years, he may be a little tired of it. Right?

Situ Nan thought to himself, as if grasping the other's heart.

"No!" Schwab shook his head. "U.S. Steel is so powerful. Even the merger of Bethlehem Steel and California Steel may not be able to challenge U.S. Steel's dominance. At most, they will feel pressure."

Schwab is still sober at this point. A giant like U.S. Steel is unprecedented. It accounts for more than half of U.S. steel production. Its status and strength cannot be challenged unless it falls on its own.But is this possible?

I think that there is a consortium like Morgan standing behind U.S. Steel, with Wall Street's power as the backing of U.S. Steel. Unless the United States falls, U.S. Steel will naturally live well.

Thinking of this, Schwab went on to say: "You two may not know yet, do you? I will resign from Bethlehem Steel in a few days and hand over the company to Eugene Gifford Grace.

He is the vice president of the company. In fact, he has been in charge of Bethlehem Steel Company in recent years. I usually rarely pay attention to the company's situation.When I get old, I have worked hard all my life, and it is time to rest.Ha ha...."

Time flies, and I don't know how old is coming.Seeing the two aura of young people in front of him, Schwab's expression was a little nostalgic. Isn't Zeng Jige himself so energetic?

Regarding Schwab's decision to retire, Situ Nan can't say anything, but rather welcomes him. If this is the case, how about letting him become chairman after the new company is merged?

In fact, he is just a transitional figure, and he is gone after a while.

The power of the company is in the hands of the president, and Schwab's words to the chairman are at most nodding puppets.As the largest shareholder, if you are unhappy with them, you can immediately sweep them out of the board of directors. In any case, you still have a big advantage.

Situ Nan secretly made up his mind and agreed to merge Bethlehem Steel and California Steel.

Chapter 125 Schwab's Continuation of the Annexation of Bethlehem Steel

"Mr. Schwab, I think your decision to hand over the Bethlehem Steel Company to Eugene Gifford Grace is too sloppy? This matter must be approved by the board of directors. We, Robles Securities, hold There are a lot of shares in Bethlehem Steel Company!" Robes reminded Schwab.

Indeed, Stuart and the others hold 16% of Bethlehem Steel's shares, and they have a decisive influence on the company's major decisions.

"Haha. I know that you just bought the shares of the Wharton family and are the majority shareholder of Bethlehem Steel, but it will not affect Eugene's appointment as the president of Bethlehem Steel." Schwab said confidently.

"Why?" Situ Nan asked.

"It's very simple, because we all support Eugene, and Eugene is also a major shareholder of the company. Together, we have more on the board of directors than you."

Schwab smiled slightly, then narrated the situation of Eugene Gifford Grace.It turns out that this Eugene Gifford Grace is not easy. He was an excellent baseball player in college. Many people thought that he would participate in the professional league after graduation, but Eugene Gifford Grace chose to Bethlehem Steel Company was a crane operator, which surprised many people.

However, gold always shines. With hard work and wisdom, Eugene Gifford Grace soon emerged in Bethlehem Steel Company and became the company's vice president step by step.

His abilities are obvious to all, and he has been raised from the bottom, with a solid foundation, and his prestige in the company.

Another key point is that Eugene Gifford Grace married a good wife. His wife Marion Brown is Charles Brown, one of the founders of Bethlehem Steel.

Charles Brown, a timber merchant in Pennsylvania, had a good relationship with the Schwab and Wharton family. Together, they founded the current Bethlehem Steel Company in 1904 on the basis of the Bethlehem Continuous Rolling Mill and Steel Company.

The background is hard and the ability is high. Is it any wonder that you can climb so fast?Situ Nan thought.

As for making Eugene Gifford Grace the president of Bethlehem Steel, Situ Nan is not opposed.

In fact, although Schwab was the founder of Bethlehem Steel, it was Eugene Gifford Grace that really made this steel company truly develop into the overlord of the steel military industry.

It can be said that Eugene Gifford Grace is the best president in the history of Bethlehem Steel.Historically, he took over Schwab as President and Chairman of Bethlehem Steel from 1916 to 1945.

Since he took charge of Bethlehem Steel Company, Bethlehem Steel Company has been the second largest steel company and the largest shipyard in the United States.

In the 1920s when the U.S. economy was booming, Bethlehem Steel Company ushered in a big opportunity for development. Wealthy Americans were engaged in infrastructure construction, which stimulated the demand for steel.

Bethlehem Steel has factories all over the United States, and the steel produced is widely used in the Golden Gate Bridge, Washington Bridge, Grand Coulee Dam, Hoover Dam, San Francisco Municipal Railway and other large road traffic projects.

Not only that, the construction steel produced by Bethlehem Steel is used in the Chrysler Building, Empire State Building, Madison Square Garden, Commodity Market, Chase Manhattan Plaza, Rockefeller Center, Alcatraz Island and other American landmarks.

These glories are too numerous to count.

What is even more amazing is that in World War II, Bethlehem Steel was also the world’s top arms dealer. 70% of American aircraft cylinder forgings, one-quarter of warship steel plates, and one-third of US cannon forgings were made by Bethlehem Steel. which provided.

Bethlehem Steel’s shipyards were not to be outdone. Nearly one-fifth of the US Navy’s warships were produced by the Bethlehem Shipyard. Even President Roosevelt often followed the Bethlehem Shipyard’s production progress.

Eugene Gifford Grace even made a promise to launch a boat every day on behalf of Bethlehem.Of course, he also did this.

But after Eugene Gifford Grace retired, Bethlehem Steel went down the road.

Later successors were unable to make a breakthrough and led Bethlehem Steel to get out of the predicament. After struggling, the giant of the American steel industry finally fell and could no longer stand up.

This surprised people at the time. How could an American company that once ranked third suddenly collapsed?

In his previous life, Situ Nan had also paid attention to Bethlehem Steel Company, so he knew the fate of this company for a century.

If history does not change too much, the next few decades will be the generous and glorious decades of Bethlehem Steel.Now that such a sweet pastry is brought to the front, the heavens or not taking it will be condemned by the heavens. How can Situ Nan not be moved?

The idea of ​​merging Bethlehem Steel Company and annexing Bethlehem Steel Company is like a nightmare in Situ Nan's mind.

Stuart believes that the Bethlehem Steel Company after the merger of California Steel will be more brilliant than the historical Bethlehem Steel Company.

Thinking of this, Situ Nan felt a fever in his heart, as if a bright future picture scroll was displayed in front of him.

He did not bother with Eugene Fudged Grace, and asked: "Mr. Schwab, the merger of Bethlehem Steel and California Steel, is it now that you are negotiating with us, or is it the meaning of Bethlehem Steel?"

Schwab pondered for a moment and replied: "Almost! Although I have not discussed it publicly on the board of directors, I have reached a consensus with Eugene Fudged Grace on this issue, and he also agreed, but the premise is To ensure his position in the company."

Schwab glanced at Situ Nan to see how he answered. In this matter, Eugene Fudged Grace's attitude is very important.

Otherwise, even if he and Situ Nan finally passed by force, the process will inevitably have some twists and turns.

Situ Nan knew what Schwab meant, but he didn't immediately agree to Schwab. Besides, he had to do it by himself if he wanted to be kind to Eugene Fudged Grace. How could it be possible to do it by himself.

"Eugene Fudge De Grace is indeed a rare talent in the company, but his position will not be discussed until we meet." Situ Nan said vaguely.

Schwab nodded and expressed his understanding. Of course Eugene Fudged Grace was very confident and wanted to believe that he could conquer the proud young man in front of him.

"Okay. You are also a major shareholder of Bethlehem Steel. As long as the three of us agree on the merger, the matter will be settled. I think the other minority shareholders would like to cooperate like this?" Schwartz Bu said grandiosely.

Situ Nan nodded. For those small shareholders, they don't expect to be able to run the company, but only want them to pay dividends after the company makes money.

Once California Iron and Steel Company and Bethlehem Iron and Steel Company merge, their shares will rise sharply. Will they not hurry up to sell part of the arbitrage?

Robles also looks forward to the success of this cooperation, because Robles Securities will play an important role in this merger.

The general situation was settled in a few words between Schwab and Situ Nan. Situ Nan promised not to compete with Schwab for the chairmanship of the new company, but this does not mean that he will relax the supervision of the new company, whether it is Robb. Both S.S. Securities and California Steel will send people to the board of directors to oversee and balance Schwab and Eugene Fudged Grace.

"Come on, cheers! Later I will show you a good tour of my house." Schwab said happily.

Although he does not think that the combined steel company will surpass U.S. Steel, once he becomes the chairman of the company, it is a great honor, and he will be more confident when he goes to the chairman of the U.S. Steel Federation.

In terms of enjoyment, Situ Nan really couldn't catch up with Schwab, let alone a few hectares of manor outside, there are more than 70 luxurious rooms in this house alone!This number is more than enough to open a hotel, really abnormal!