Wall Street of the third generation chaebol

＜ Death Race. (3) >

“Wall Street speaks as a result. Well, not just Wall Street, but any financier.”

For those who work on Wall Street, it is an unchanging principle. Of course, if you go to a risk management team or an engineer, the story will be different. It goes round and round, and in the end, it’s a result.

Mergers and acquisitions are all about results.

“If you buy cheap, our victory. If you buy expensive, their victory.”

Automotive Steel Sheet Division.

In fact, the automotive steel sheet business itself is only losing money right now and is pouring in losses one after another.

However, if you pour future value on it, its true value will bloom like a single flower splendidly.

“Luckily, Krupp has no idea what the future holds for the car business. At least the Junkers don’t know for sure.”

Junkers.

These beings were eating Krupp.

“But don’t be vigilant. Actually, they’re not all incompetent.”

The current Krupp was rapidly becoming a public corporation with parachutes stuck one after another.

But are all parachutes incompetent?

That’s not it.

“Kluge, you would know well if you served in the German Imperial Army, but there are areas where Junkers specialize.”

“It’s delicacy and planning.”

What Prussian Junkers do best.

It is the extreme delicacy of making a detailed plan and setting the departure time of a train in minutes or even seconds.

Such a plan is like a piece of art.

The plans carefully crafted in minutes and seconds move together as if they were one heavy machine. But, creepily, the machine operates while preserving the precision of the second.

It is hard to find anyone as adept at planning as the Prussian Junker.

Not all Junkers are incompetent.

“It’s indifferent. Junkers are capable of that, but they don’t care about the economy. Not at all. Not at all.”

Junkers are basically aristocrats.

Nobles who despise commoners and value their honor. Most of the Prussian Junkers come from venerable military families.

But the military is a profession that spends money.

Quite the opposite of economy.

The Junkers built a wall with the economy.

Looking at the growing environment itself, it is far more strange that the Junkers are interested in the economy.

If you look at the economic policies of the Junkers before Bismarck, there are often sighs.

“They are a special race called Junkers. But the industry earns more money than the landlord class of Junkers. But whose industry is it. They are ordinary people. The ‘special’ von will be greedy. It’s like my money.”

“…Did you ever serve in the Prussian army in your previous life?”

Kluge stuck out his tongue.

“no way.”

To put it bluntly, they are bone marrow nobles with a straight military spirit. To put it bluntly, they are the ultimate gangsters.

Kkondaes are viciously engulfed in a sense of choice.

“So Moltke will be easy to attack. Actually, he’s like a pig blinded by gold right now.”

The one who devoured the Schlieffen Plan.

Moltke, who transported the German Empire to its defeat in World War I by express train, is rightly incompetent.

“The moment Moltke is about to rage, give him more gold. It would be better if he plucked out more gold in return.”

“….Yes.”

“You don’t have to worry about taking over. In the worst case, we’ll have your family immigrate to the United States. At the time you were fired, your life in Germany was messed up anyway.”

“But my father, who works in the military, takes it.”

That’s a useless worry.

“Soon Moltke won’t even have time to worry about you. So there’s no need to worry about you or your father.”

“Yes?”

“That’s all I know. You’ll find out soon enough.”

Moltke’s karma will be liquidated.

Moltke’s appearance, trembling at the decree of the Berlin Palace, was already good. The punishment he has committed will be an even greater tsunami that will savagely overtake him.

So Kluge didn’t have to worry.

“Don’t worry about the backstabbing, just go ahead.”

profit.

We looked at Krupp’s front door, which opened slowly. But Kluge was looking at me.

“But always remember your purpose. Your goal is not to defeat Moltke. It is to buy the automotive steel plate business as much as possible. Keep that in mind.”

“The price… beating the price…”

“But don’t be nervous.”

I tapped Kluge on the back.

It’s tough because you’re a soldier. My hands are tingling.

“Because we already won when Krupp sold the automotive steel business division.”

in winning condition.

we go to war

“Kluge, you just have to pick it up and bring it. Just decide what to use for the wrapping paper.”

after…..

Kluge took a deep breath and opened his eyes.

I laughed bitterly.

“Branch.”

Today I am a bystander.

A bystander watching Kluge’s negotiations.

As a third person, we will hide and watch.

***

“Lieutenant? Lieutenant Kluge?”

Krupp’s negotiating table.

Moltke pointed to himself with a firm expression on his face. The face of the new lieutenant beside Moltke was even more artistic.

It was as if the former lieutenant was looking at him with the expression on how he was there.

“I’m no longer a lieutenant. Because you fired me and discharged me.”

“…..!”

It was strangely quiet.

Before joining Thyssen Steel, if it was Kluge right after being dismissed, he might have somehow attached to Moltke and ejaculated. He was in such a crisis, he was saved by Detroit.

Moltke was only trembling with his eyes wide open, even as he spoke cheekily.

He didn’t seem to be able to get out of the shock.

“Come on, both of you, sit down. We have a long way to go to negotiate the sale of the automotive steel plate business today.”

The negotiating ground hardened in shock.

Chairman Thyssen laughed and forced Moltke and Kluge to sit down. In fact, Chairman Thyssen only attended to keep pace with Moltke. The actual negotiations are conducted by Kluge.

“Kluge. Let’s proceed.”

Chairman Thyssen seemed happy somehow.

He had nothing to do with Moltke, but Krupp was different. Krupp’s self-destruction by Moltke was quite a pleasant spectacle from the point of view of Chairman Thyssen.

“my….”

Moltke pursed his lips.

“…Negotiate with my lieutenant. I will intervene when necessary.”

‘The habit of leaving everything to the lieutenant doesn’t change.’

Kluge looked at Moltke’s new lieutenant. The new lieutenant was in shock and couldn’t take his eyes off Kluge.

This novel was posted at https://readwn.com

On the other hand, Kluge was relaxed.

In the beginning, the low copper steel plate division’s margin line was set upwards, so he only needs to negotiate below that level.

Although he was afraid when he was under Moltke.

I am no longer afraid

‘I hope Moltke intervenes.’

rather steadfast

Moltke will take care of ruining Krupp and benefiting himself.

Kluge was convinced.

“Thank you for your consideration. Our side was also thinking of negotiating with me.”

After a brief personal identification, the lieutenant and Kluge faced each other.

Kluge thought.

Moltke can be underestimated, but he’s not a new lieutenant.

Because I didn’t know what kind of power the Parasite Moltke brought.

Moltke whispered in his ear to his new lieutenant.

“Since that guy has come out, this negotiation must be free. Relax. In Thyssen, he must have persuaded him to a high-ranking position because of Krupp’s information he had. A heinous guy.”

“Yes.”

“Ttttttt. Seeing that they are taking over a loss-making business, that guy Thyssen will be spoiled for money.”

“…..Yes.”

However, the appearance of the new deputy was quite heterogeneous.

“Well?”

what is it He seemed relaxed in negotiations, but at the same time, he seemed unwilling. I have to say that I have the ability, but I don’t want to do it.

Well, it would have been possible under Moltke, but it was pretty blatant.

“As I said earlier, Thyssen is willing to take over the automotive steel plate business.”

Kluge swallowed his doubts and started negotiating.

But at the same time, the face of the new lieutenant was wrinkled like a slaughter.

It was a distortion mixed with resentment, envy, and shame.

***

“No. That price is too cheap. About 30,000 French cars, a developed country in this field, are produced a year. The car market will gradually grow, but this price is unreasonable.”

Negotiations were surprisingly fierce.

The new deputy actively engaged in negotiations, supported by evil, as if it had been driven by something. He grinded his teeth and bit like crazy.

Willingness to sell at a higher price somehow. I felt a will to f*ck Kluge.

‘Neither is loyalty.’

No loyalty or loyalty to Moltke is felt from the new lieutenant. There was only one reading in his eyes.

burning anger. and regret.

But that didn’t mean Kluge would be pushed by a new lieutenant.

“But the French automobile industry manufactures steel sheets from their own steel mills. There is no room for German steel companies to intervene. The German domestic market, which has fewer than 30,000 cars, is even worse.”

Grand Est in northeastern France.

This novel was posted at https://readwn.com

One of France’s major industrial areas, including Alsace-Lorraine and Champagne, where steel mills and coal mines are plentiful.

“France is a country in which prominent steel mills such as Saint-Chamont (FAMH) and Schneider hold regional hegemony. With France taking the lead in the automobile industry, it seems difficult for German Steel to intervene.”

There are also steel mills in central France.

Not as good as German steel.

However, the French steel mill was not something to look at lightly.

However, the new lieutenant also stared at him.

“I know that Thyssen Steel is currently competing in the red. Isn’t it easy to get a French car supply?”

sarcastic tone.

It’s like being imprisoned in Krupp, it’s impossible, but if you’re attached to Thyssen, it’s possible.

It’s not wrong.

This novel was posted at https://readwn.com

Obviously, if you ran a death race through the deficit race, you could annihilate the French ironworks.

However, it does not work as a prerequisite.

“Isn’t that a prerequisite for deficit management? It is not correct to measure the future value on the premise of deficit management. Of course, if you want to include the deficit in the acquisition price, we will gladly accept it.”

“…that’s troublesome.”

If you want to include the loss competition as a prerequisite in the first place, it is normal to subtract the amount of damage corresponding to the deficit from the acquisition price.

The new lieutenant was startled.

It was as if he was surprised that he had made such a mistake.

“It was a lie.”

But Kluge was surprised in a different way.

First, he did not seem like a person who could sell the automotive steel sheet business.

Rather, I blocked it.

He had a very high understanding of the automobile industry, and everything he said made sense.

‘Is that arm beaten?’

The bruised wrist of the new lieutenant was glimpsed.

It’s not just the arm. There were purple bruises on his face, neck, and chin, and if you think about it, he looked like he was limping when he came in.

‘Have you been beaten by Moltke? The diameter of the yoke also seems to match Moltke’s baton roughly.’

Moltke.

you were that kind of person

Nothing has changed.

Kluge glanced at Moltke with deep sunken eyes.

This novel was posted at https://readwn.com

Once the negotiation is finished.

“The acquisition price of the automotive steel business division seems to be just right, 30% of the amount you suggested. Competitors are pouring out in the tiny market and there are many steel mills that can supply them. It seems that the only merit we will purchase is Krupp’s technology.”

Kluge shrugged.

“Even if you want to take over at the ‘high price’ you suggested earlier, you can’t see any merit. Actually, it seems that 30% is expensive. No one knows how many years the continuous bleeding will last even if you calculate the loss of the business division.”

“…Still, 30% is too cheap. We need at least 70% so that Krupp can cover the initial investment. They can’t sell it.”

“Hmm.”

Kluge was convinced of this.

How much Krupp these bastards want to sell this division to Thyssen.

The strategy was obvious.

The intention to devour Thyssen Steel’s cash seemed too good.

‘It doesn’t seem to change how much is poured from a spring that never dries up…’

A fountain that never runs dry.

Actually, before I joined Thyssen Steel, I heard something from a Detroit director. It was purely a question, and I asked because I thought he would answer.

How much cash do you have on hand?

‘I wondered if I really had enough cash to play a game of chicken for 30 years.’

The Detroit director was cool.

A few days ago, I showed it to myself as a document from the New York Financial Services Agency, and Kluge opened his eyes like they were about to tear apart.

‘If it was that much money, it would have been enough to swallow the German steel industry alive.’

But the Detroit director shook his head.

If American capital takes the shape of being swallowed up, German public opinion will suffer. It is said that this is the reason why Krupp’s Junkers are used.

Did you say that a company cannot survive without the support of public opinion? The Germans said they wanted to put on a frame that integrates directly.

He said that it is a picture of dominating real power by investing money in the shadows.

‘The Big Picture of the Detroit Director. Moltke can’t afford it.’

The divine deity of holy capital.

Kluge was looking at the Detroit director. It was absurd from the beginning that a lowly moltke squirrel who dared to win over the godliness of capitalism.

‘Oh, I have a good idea.’

I thought of a gift that the Detroit director would love.

“I have one suggestion.”

Kluge cleared his throat.

“The problem is when we sold only the automotive steel sheet division. As I said, Krupp’s value lies in its technological prowess. We’ll put it on you.”

Precise metal processing.

Springs and parts made of metal are one of the divisions where Krupp’s technology is essential.

“Twice….?”

put 2 times

In fact, it’s called three times.

Moltke, who had been watching quietly, suddenly came to his senses.

puck-!

He even slapped the new lieutenant on the back.

“What are you doing? Sell it now!”

“Yes?”

“Anyway, the automobile business division is not getting any proper income. They say they take not only steel plates, but also ‘accessories’, so we have to sell them!”

“that….”

The new lieutenant gave a momentary expression of absurdity, but returned immediately. After a while, his eyes died and he nodded like a machine.

“I will.”

“Okay. It’s nice to be able to listen to you more than the cheeky ones. A lieutenant should have this kind of taste. Much better than the misfits of military life.”

Moltke bluntly pointed it out.

But strangely, Kluge was not hit at all. On the contrary, it even made Moltke look pitiful.

‘Was he such a person?’

Kluge was also a frog in a well.

Detroit began to look like krill, a foolish creature in the turbulent waters where the blue whale had its jaws wide open.

No matter how hard krill struggles, it eventually feeds.

There is no way you can compete with the white whale, who sucks in 4 tons of it every day like a vacuum cleaner.

This is the so-called ‘natural disaster’.

Moltke looked infinitely small.

“Then do you want to sell it?”

Will you uproot your future and sell it to us?

“Let’s make a sale contract right now.”

Moltke’s eyes were far away.

does he know The fact that he had just sacrificed Krupp and his future with both hands to a competitor.

No, he didn’t seem interested except for gold in front of him.

“……”

new deputy.

Was it because he didn’t like himself, who only accepted him like a yes man?

This novel was posted at https://readwn.com

Or maybe he felt skeptical about the character Moltke. The new lieutenant furrowed his eyebrows and bowed his head.

Your shoulders tremble slightly.

His nails dig into his thighs.

Kluge watched the figure strangely overlapping with himself.

“Is this done?”

Sasasak –

Moltke signed his consent to the sale. It didn’t even take a few hours. Executives from the automobile division inside Krupp’s headquarters were called one after another, and the called Junkers simply nodded their heads like Ottogi.

It would have looked like a flagship if Krupp’s existing staff had seen it, but the train had already left.

“Yes, this is the end of the sale negotiations. After that, we will proceed with minor adjustments or additional negotiations. Restructuring, takeover work, and accounting audits are also scheduled, so it will not be over immediately.”

In fact, it was a merger and acquisition that was carried out by snatching.

However, even without an audit, Kluge, who was originally a control tower, knew everything about the business unit, and did not conduct unnecessary audits because the purchase was unconditional profit.

‘It was much more profitable to take over quickly.’

time is gold

It would have been a huge loss if the sale was withdrawn while the time was delayed due to an accounting audit or internal audit.

Moltke was unaware of the world and looked lovingly at only the sale proceeds with dripping eyes.

disgusting

‘Well?’

But the new lieutenant was different.

While Moltke grinned, the new lieutenant glared at the signature with an angry look.

It was quite different from when I first saw it.

If the first impression was that it was a rolling machine without motivation, now it looks like a ‘person’ burning with shame.

It seemed like lightning struck.

‘Talent.’

I don’t know about anything else, but at least it was excellent from an economic point of view. After a few questions and answers about the automobile industry, you can see this person’s perspective.

Kluge was convinced.

He’s a talent enough to offer Detroit a job.

“Wait.”

Kluge summoned a new lieutenant.

The new lieutenant, who was suddenly called, looked at him with a shuddering shoulder.

But the shame remained.

Kluge smiled.

“Let’s give each other a common name. They look similar in age.”

Kluge held out his hand.

“As I mentioned, my name is Kluge, who works as a manager at Thyssen Steel. I was once a lieutenant in the German Imperial Army. Are you?”

Kluge’s introduction caught the eyes of the new lieutenant.

he knows it too

That the future of Thyssen Steel is brighter than the current Krupp.

Moreover, in Kluge’s view, this person was not a soldier.

Rather, it was closer to the economist side.

“…Kitel.”

The new lieutenant held hands.

“My name is Wilhelm Keitel.”

Then a scream was heard from the side.

“What are you guys doing now! Kluge, you’re not trying to convince our lieutenant right now. You can’t get rid of those dirty hands right now!”

Moltke stretched out that dreadful hand and ran towards Kluge violently.

“stop.”

Awkward-

But his arms were bound by the formidable hands of a trained Pinkerton bodyguard.

Hiding in the midst of the bodyguards, I slowly took off my fedora hat and glasses I was wearing.

He also untied the all-back that he had swept up by hand.

“Please don’t frown. This is our employee.”

“you···!”

Moltke’s eyes widened.

“Detroit….!!!”

“Yes.”

I separated Kluge from Moltke.

“I’m Detroit Morgan I grew up without that mother.”

I smiled bitterly.

＜ Death Race. (3) > end