Wall Street of the third generation chaebol

Chapter 14

＜ The Wall Street Journal. (1) >

Dow Jones & Company

“You absolutely have to eat.”

I picked up the Dow Jones Company’s investment proposal.

The reason why the Dow Jones is famous in the 21st century is because of the Dow Jones Industrial Index (DJIA), but it is actually one of the three major American newspapers.

Because of the Wall Street Journal (WSJ).

The Dow Jones Industrial Index and the Dow Jones Transportation Index were only contents of the Wall Street Journal after all.

“Charles Dow still has a long way to go before he retires, and the Wall Street Journal hasn’t even passed on to Barron. It’s the perfect timing…”

In fact, the New York Times (NYT) wanted to eat more than the Wall Street Journal, but unfortunately, the New York Times didn’t have good timing.

“Even if I possessed it 5 years earlier… it’s a waste, it’s a waste.”

1891. Maybe it was at the time when the New York Times was pushed to the brink of disintegration, and when Charles Miller and editors bought the New York Times stock.

Now that the Orchs have acquired the New York Times, the opportunity is gone.

“Is it Ox…”

The heyday of the New York Times was because Oaks stopped the start.

The number of copies of the New York Times has been raised vertically from 9,000 to 780,000 by breaking through the roof. that shouldn’t be

I messed up my hair.

Stop.

“No. The Wall Street Journal (WSJ) is also on good terms with the New York Times (NYT), so is the Wall Street Journal a better option?”

Charles Miller, the editor-in-chief of the New York Times (NYT), is one of the top executives of the New York Times.

In a word, it is a kind of academic affiliation.

Since the two have a close relationship, it is possible to aim for a link with the New York Times.

“Actually, the Wall Street Journal is the best newspaper to operate on Wall Street, not on the New York Stock Exchange (NYSE).”

The Nasdaq hasn’t come out yet, and the New York Stock Exchange is the only stock market right now.

And the era when investors and speculators who traded stocks on the New York Stock Exchange wore a Wall Street Journal with their dogs or cows.

Although it is limited to Wall Street, its reputation as a business magazine is far behind that of the Wall Street Journal and the New York Times.

“…Are we going to create an intelligence agency at all?”

In the beginning, hedge funds are the bottom where information is life. By collecting information from the domestic political and financial circles as well as the international situation, he creates a number of cases that will become money.

George Soros of Quantum Fund robbed the Bank of England like that, and activist hedge fund Elliott robbed Argentina like that.

Even in the case of Elliott, the information network was so dense that it could even seize an Argentine warship, so it was all about how important intelligence is to hedge funds.

‘In the end, I took out 15 times the amount invested in Argentina. Dreadful people…’

Even Satan, who will be in the deepest part of Hell, says, ‘Hey, I’m learning a lot!’ character to do.

I’m not that much of an evil demon narrator (惡鬼羅刹)

…isn’t it?

“Anyway, if you join the alliance with the Wall Street Journal (WSJ) and the New York Times (NYT).

Although it is a fact that has been revealed in modern times, the idea that even an intelligence agency needs only professional agents is a prejudice that can only exist in the Cold War era.

What an intelligence agency should have is an agent to collect information, but in the end, if there is no desk that analyzes and processes information, it is useless. Analysts must refine the data into useful information through analysis, comparison, memorization, and combination, so highly educated elites are essential.

However, the agent does not have to be a high-level manpower. It’s okay if you take a picture with the tactics and press it. China’s MSS has proven it.

“The control tower that will be in charge of the desk has already been made into the hedge fund’s secretariat, and the personnel for the Inui Tactics have also roughly identified the source. Okay.”

bang-!

I hit the desk.

“The plan has stood.”

Now all I have to do is bring the Wall Street Journal to my side.

smart-

Just then, a knock was heard on the office door.

‘Oh, it’s James.’

“Master, I just returned from New York Port to DWM with staff from Pinkerton’s secretariat.”

“Wait outside. I have a place to go back to right now.”

rumble.

As the office door opened, James looked at me questioningly.

“Are you going out all of a sudden?”

I held an investment proposal from Dow Jones & Company before James’ eyes.

“Uh, look at the negotiation date written on this investment proposal. I forgot to mention one of the investment proposals.”

“…..today!”

James’ eyes widened.

I quickly put on my coat and pushed James on the back.

“It looks like you’ve got your coat and everything on, so go straight to Waldorf-Astoria.”

“I’ll go down first and wait for the car.”

James rushed down to the first floor first.

I pulled out a few Coca-Cola bottles from the refrigerator in a tall chest of drawers.

f*ck.

“This should be it.”

quajik quajik

I rolled up the Coke bottle with newspaper, shoved it into my briefcase, and walked out of the office.

***

Early February 1898.

New York State.

Waldorf-Astoria Hotel.

Dow Jones Industrial Average (DJIA).

Charles Dow selects one representative company from each of the 12 major industries in the United States and averages the stock prices.

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One of the famous stock indices of the New York Stock Exchange, published by Charles Dow, who founded a financial news bulletin that would later become the Wall Street Journal (WSJ).

Additionally, Charles Dow, along with Edward Jones, was the founder of the Wall Street Journal (WSJ).

“Nice to meet you. My name is Charles Dow from Dow Jones & Company. I came alone with the voting rights delegated by my co-founder, Edward Jones.”

A middle-aged bearded man reached out to me. He must have been nervous, his face was stiff and his hands were shaking.

‘Conversations with investors are always heartbreaking. Worse, it’s an important meeting that can even decide the existence of the company.’

Click.

I put down my teacup and shook hands with Charles Dow.

“The hedge fund Detroit is also called Morgan. I read the investment proposal sent to you by the hedge fund carefully. They want to get an investment in The Dow Jones Company and the Wall Street Journal (WSJ).”

I picked up the investment proposal.

“By the way, how did you find out about it from a reputable daily newspaper such as the Wall Street Journal?”

“It’s rather strange if you don’t know what the director is doing in the social world these days.”

Shh.

Charles Dow pulled out some lucky letters from his arms on the tabletop.

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“I heard that Wall Street in New York is running a $10 million fund. So I thought that someone like you would recognize the status and importance of the Wall Street Journal on Wall Street.”

Charles Dow pretended to lift me up, subtly heightened the value of the Wall Street Journal, and dragged the story to the side where he had an edge.

Just because you’re in a position to request an investment doesn’t necessarily mean you’re in.

‘However…..’

I lowered my gaze.

Contrary to his bold words, Charles Dow’s body was very honest.

moon crack. moon crack.

The teacup trembles.

Charles Dow took a trembling hand and took a careful, deep breath. His eyes were also trembling slightly. obviously nervous.

Aren’t you too nervous for a rough-looking face?

‘Or is it fear? They seem to be under considerable financial pressure.’

That’s the way to run a new company.

Even though they appear to be doing well on the outside, on the inside, there are many cases of stressful situations due to poor finances.

This is particularly the case in industries that are not profitable.

‘The Wall Street Journal is scheduled to be sold for only $130,000 in 1902 in three years, so the lack of funds is also insufficient, but the company may have lost affection.’

After all, the Wall Street Journal’s status skyrocketed in the 40’s with Kilgore’s management. The Wall Street Journal’s (WSJ) status is still relatively weak.

Unlike the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA), in terms of profitability, they are just information magazines.

In short, for Charles Dow, the Wall Street Journal (WSJ) doesn’t make money.

‘It seems that Charles Dow himself is not aware of the true potential of the Wall Street Journal. Should I be called a genuinely pure economic journalist? I’m not the type to be an entrepreneur.’

I pulled my upper body forward.

“However, CEO Charles Dow, in the letter of the investment proposal, it was not clearly stated whether the purpose of the investment was for ‘transfer of funds’ or ‘proposal of acquisition’.”

“It has to be. We were going to make both a money transfer and a takeover offer.”

Aha.

So, it is said that the negotiation table came to the table with even the takeover proposal in mind. Charles Dow pulled out two proposals from his briefcase and placed them on the desk.

tung.

‘You seem to be in a lot of trouble. Are you even thinking of selling it if you don’t get a blood transfusion? Rumors that it was sold in 1902 due to health problems were true.’

it’s good me

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Originally, I was planning to build a three-axis information network of the Wall Street Journal (WSJ), The New York Times (NYT), and New York World (NYW) centered on the hedge fund. can move more freely around the

Simply put, it means that the Wall Street Journal itself can be overhauled into an intelligence agency without the attention of other shareholders.

As I was lost in thought, Charles Dow coughed.

“Hmm.”

I stared intently at Charles Dow.

Charles Dow’s eyes continued to glance at the one on the takeover side of the two proposals on the desk.

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Oh i get it.

‘You put up a blood transfusion as a shield in case I rob you of the acquisition price!’

I quickly corrected my expression.

No matter how much I got to know Charles Dow’s insides and gave me an advantage, if I exposed it on the outside, they would bite me.

‘Oh, no. The corners of his mouth are twitching.’

Moongrak-

I picked up a bottle of Coke to cover the tail of my jolly mouth, and picked up a glass bottle while pretending to be calm.

“What kind of economic journal is the Wall Street Journal that you envision? Oh, would you like a glass of Coke?”

profit-

I poured cola into a glass.

“……it’s okay.”

Charles Dow opened his mouth with a serious expression.

“The Wall Street Journal, as I said in my first issue, aims to be a journalism that conveys only economic facts. The company was established with only one resolution to aim for a newspaper that always publishes news based on journalism ethics.”

“….. Journalism ethics. Journalism. That’s right.”

gulp

I thought as I swallowed the Coke.

In a world dominated by Yellow Journalism, we are a medium-oriented journalism business journal based on journalism ethics.

haha.

‘I will welcome you. If you don’t have a lot of money, you can collect everything in the Black Friday 80% off discount set. It’s like knowing why the Wall Street Journal came all the way to Lee Ji-kyung…’

But at least I’m not the type of person who cares about money.

No, it’s funny to say that money doesn’t matter to anyone who came to sell the Dow Jones Company. This means that as a journalist, I am not a money-hungry person.

He’s a talented person.

My saliva turned.

‘Ideal motives are at least far stronger, more persistent and progressive than monetary motives. Much better than the money-blinded yellow press.’

Even if the Wall Street Journal is reorganized into an intelligence agency, I think we can keep him as the publisher.

How pure is that mustache man’s journalism?

‘Are we going to end up on our knees under the suffocating pressure of capitalism?’

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Oh, I wonder.

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Once I saw the situation, if I just repair it, the Wall Street Journal’s takeover seemed to be a confirmed matter, so the desire to verify it grew rapidly.

First of all, it was something to check before taking over. I have to decide whether to restructure or not.

‘Should I stab you?’

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Oops-

I pulled out a fountain pen and picked up a blank sheet of paper.

“CEO Charles Dow, how much did you expect the acquisition to be?”

“…! Hmm.”

Charles Dow flinched.

After all, was this subject a takeover?

“After reviewing the accounts of the Dow Jones Company in our hedge fund, it seems that you are suffering quite a bit from a lack of funds.”

“…….Yes.”

“Especially, the largest amount of money is being spent on hiring ‘human resources.’