Wall Street of the third generation chaebol

＜ Preparation for victory. (4) >

“In the past, the White House was burned by ‘European powers’ once.”

solemn atmosphere.

President McKinley stood at the podium in Congress and read the speech. Members of the House and Senate in black suits listened intently to President McKinley’s speech.

Next to the presidential podium, Secretary of War Roosevelt sat in the waiting room with Secretary of the Navy John Long.

“And today. Another catastrophic attack on the mainland by the Spanish Empire. The residents of the Charleston Harbor saw their nests on fire and lost the 4th Corps veterans who fought in the Charleston Harbor.”

President McKinley’s hand, who was holding the speech, trembled.

“…America was attacked, and we were outraged.”

MAD.

As soon as the word anger came out of the president’s mouth, the faces of the Democratic-affiliated lawmakers turned red.

“I promise. As President of the United States, I, along with Secretary of War Roosevelt and Secretary of the Navy John Long, will navigate this challenge, and the federal government will do its utmost to seek revenge.”

President McKinley’s voice began to rise.

bang-!

“America’s isolationism will never apply to the ruthless enemies who have attacked it!”

‘Is it Roosevelt reasoning?’

I was invited to serve as an advisor to the Republican Party and was listening to a speech in Congress.

Roosevelt reasoning.

Roosevelt was a modified version of isolationism that overhauled American isolationism, and it contained the declaration that America could project its troops wherever it was attacked by tying it with the right to self-defense.

When Roosevelt became president, the White Fleet was born with this background.

“We declare that we will not leave a single Spaniard in our territory. I ask Congress to approve the Roosevelt Third Act to overthrow the Spanish Empire.”

President McKinley handed the bill to War Minister Roosevelt and handed it to the Speakers of the House and the Senate.

And he stood in front of the podium again.

“Let us meditate for a moment for the victims of the Port of Charleston and for the veterans of the IV Corps.”

A wave of silence spread through the auditorium.

The heavy silence paradoxically contained their wrath, and the flames of vengeance were burning in the eyes of the Americans.

It is an era where survivors of the Anglo-American War are still alive. They were thinking of the White House on fire.

[The assault on Charleston Port, the reality of the American army defeated by Spain. Is America really a superpower?]

[The reality of the US military revealed by these two incidents: the Guantanamo evacuation operation and the attack on Charleston Harbor.]

[The Spanish military, ‘We just won against the United States, which is only a third-class power, but there is no joy in it. It was only natural.’]

Photos of America on fire were circulated around the world through newspapers and stained America’s face.

Americans wanted his honor restored, and Congress had passed a 15 billion dollar budget.

And today-

ground ground.

“76 votes in favor of the Senate, 1 abstention. The Roosevelt 3 Act was passed.”

310 votes in favor of the House, 6 abstentions. The Roosevelt Third Act passed.”

conscription law.

economic law.

maritime security law.

President McKinley’s request was quickly passed by Congress, and a series of war bills, the so-called third Roosevelt Act, were passed.

“America is a giant!”

bang-!

Roosevelt hit the podium.

“I just woke up today from the Monroe Doctrine. America’s excessive isolationism led to the catastrophe of the Port of Charleston and the loss of the right to self-defense. We must wake up!!!!”

Roosevelt grabbed hold of the podium.

“The United States must defend its maritime security well for its hypothetical adversary. The borders of the United States are the Atlantic and Pacific Oceans. We will not hesitate to project our troops on our ‘borders’ to prepare for all the hypothetical adversaries coming from the sea!!!”

The crowd listening to Roosevelt’s escalating voice also began to feel uplifted.

“America must have the power to protect itself. And today! The foundation has been laid! Now we do not hesitate.”

Roosevelt’s eyes gleamed as his head was loosed from the violent movement.

Then the brown bear chanted.

“we!!! The War Department of the United States of America!!! I declare here that I will do my best for the security and interests of my country!!!”

“Woah aa!!!!”

There was thunderous applause and shouts.

I saw Roosevelt coming down the podium to the enthusiastic applause of the crowd.

‘That’s right.’

In this way, Roosevelt’s doctrine transformed America into a war machine in a new way, laying the groundwork for the project of the United States Navy into the Atlantic and Pacific Oceans in the name of maritime security and borders.

And my plan to eat pheasants and eat eggs in the battle between the two great powers was also able to proceed steadily.

dump-

“Haha, America has entered a new era.”

after the speech is over.

Returning to the War Department, Roosevelt had a private time with me.

“Anyway, I am glad that the Maritime Security Act was passed. With this, half of the budget can be made into the navy budget.”

“Ah, I agree with that. Even if the U.S. Department of War wants to project an army, it is all useless without a navy.”

This could be Roosevelt.

Unlike other war ministers, he was a naval hero. Besides, Secretary of the Navy John Long was on Roosevelt’s side. In fact, the Ministry of War and the Ministry of Navy have moved as a single Ministry of National Defense.

“However, the draft law had to be amended because of this, and only 500,000 conscripts could be drafted.”

“That is enough.”

“Hmm…”

Roosevelt didn’t seem to like it, but once I’d heard of the concept of a dreadnought, I’d have no choice but to pass it.

You should take a dread note.

“How is the dreadnought you spoke of now?”

“Now, construction has begun at the Newport News Shipyard.”

We haven’t gotten a patent for the armor plate yet, but the Veyron sent to Germany will come back soon. You can move on to the next stage quickly if you hurry to dry the dreadnought.

“Approximately how long is the drying period?”

“The shortest is 5 months, the longest is about 6 months.”

“…Is that possible?”

Roosevelt looked at me with an astonished expression. But I shrugged.

Even in the existing history, the HMS dreadnought was built in 8 months with money and manpower. I’m thinking of pouring some more.

“What can’t you do with money?”

“Well, from now on, the navy budget will be blown like a hurricane, so don’t drown.”

“Haha, thank you.”

Indeed, if you exchange manpower and money, anything will come out.

‘No.’

Yes, there were some things that I couldn’t change no matter how much money I had.

f*ck.

Bethlehem Steel Guys.

***

[Bethlehem Steel, IPO 1,000. Start buying at double the premium.]

[The happy concerns of major shareholders. Attention is drawn to the double premium.]

[Bethlehem Steel, ‘Soon to acquire up to 20%. I also intend to raise the premium.’]

-The Wall Street Journal (WSJ)

Bethlehem Steel’s lights went out when a maritime security law was passed that would put half of the $15 billion on naval construction.

Since it is a $7.5 billion business, the premium will rise vertically if a competitor other than Federal Steel intervenes.

– Contact the major shareholders!!! If you hesitate, you can pay up to 2.5 times the premium, so hurry up!!!

Thus, the dollar head-to-head with Bethlehem Steel began in earnest.

I wanted to say, but in reality my spending was $0.

Hororok-

“It’s like watching a circus.”

Emmanuel Lehman leaned back on the sofa, sipping coffee leisurely.

Waldorf-Astoria’s back room (Den).

Since that day, the presidents of the two shipyards, Lehman Brothers, and I have had secret meetings almost every day.

“What should I do now?”

Melvin and Edward were looking at only me with their eyes shining. Their reaction, as if stroking a magic lamp to summon a genie, burst into laughter.

“First, you can lend me an additional 5% stake. Then I will increase the premium up to three times.”

“Heh heh heh!!! This is what it meant to sit and earn money. ha ha ha!!!!”

When President Melvin burst into laughter, a smile bloomed on the face of President Edward who was next to him.

By borrowing and ‘holding’ a 5% stake, Bethlehem Steel is misleading Bethlehem Steel as ‘owning’ the 5% stake.

It’s as if I ‘buyed’ the stake at a double premium.

‘I didn’t lie.’

win-

I got a Coke bottle.

‘You said you had a 5% stake. Because he didn’t even say a word that he bought it with a double premium.’

If you borrow more today, you will officially ‘hold’ a 10% stake, so Bethlehem Steel will also burn.

Gradually they were walking into the bottomless abyss.

‘Now let’s move on to the next step.’

I pulled my upper body.

“In that sense, there is something I would like to ask of the two presidents.”

“Just talk! Even if you take care of me and say I’m a tree, I’ll believe you.”

“I would like to move the board of directors of the two shipyards to revise the articles of incorporation.”

“The articles of incorporation?”

The two presidents looked puzzled.

Articles of Incorporation.

It is a document that records regulations on the purpose of establishment, organization, and business of a corporation, and all matters that occur within the corporation must be resolved based on the articles of incorporation.

In a nutshell, it is the code of law for the company.

It can be overhauled through the board of directors.

“Yes, I would like to add the articles of incorporation in case of a hostile takeover.”

“Tell me in a way that is easy to understand.”

“In a nutshell, let’s add a constitution that allows Bethlehem Steel to rob their wallets when they get a certain stake.”

“…!!!”

Poison pill (poison)

modern 21st century. As a toxin clause included in most articles of incorporation in the United States.

Defense against hostile mergers and acquisitions (M&A).

The concept is simple.

When the hostile M&A forces acquire more than a certain amount of shares in the company, the corporation distributes new stocks (new stocks) to the existing shareholders at a low price.

Why is this fatal?

‘Yeah, that’s the way it is. The moment a hostile M&A takes place, the value of the stake soars by two or three times, because it increases the amount of stock.”

Let me exaggerate a bit.

There were 100 shares, and the poison pill is activated to issue another 100 shares.

Then there will be a total of 200 stocks.

The market capitalization fluctuates and temporarily roughly doubles.

The shares of the forces that attempted hostile mergers and acquisitions were cut in half, and at the same time, they had to buy the company’s doubled shares.

Expenses are doubled or quadrupled.

f*ck.

So poison pills.

It’s a rule of thumb to eat.

‘Can I stand this?’

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

Oh, I can stand it.

As long as I can stand it.

I will only control it to the point where I can neither die nor live.

“Hey, hey…”

“Ah, the publication will be organized by Lehman Brothers.”

“her…”

After hearing my explanation, the two presidents looked at me with pale complexion.

I leisurely handed the glass of Coke to my neck.

“Simple, right?”

How to make money with finance.

so easy?

***

[Premium, which has tripled in popularity, 10% stake in Federal Steel is disclosed. Bethlehem’s steel burned in the instep.]

[Union Shipyard, Bath Shipyard. Issuance of new shares to existing shareholders in accordance with the amended articles of incorporation. ‘It is just the issuance of new shares due to poor management performance. I have no intentions whatsoever.’]

[Bethlehem Steel, ‘Union and Bath Shipyards, Stop Cowardly Atrocities. In the end, victory is ours.’]

[Bethlehem Steel announces IPO at 4x premium.]

-The Wall Street Journal (WSJ)

7.5 billion.

Bethlehem Steel, which turned its attention to the navy budget of $7.5 billion, shouted a call while grinding it, and the battle between Federal Steel and Bethlehem Steel became a big issue on Wall Street.

The boards of directors of large banks began to study new concepts of poison clauses such as poison pills while watching the confrontation with excitement.

“shit!!!”

bang!

President Wharton was furious.

“I’m going to see these bastards, so aren’t they determined and scheming? How can the acquisition price soar 8 times in an instant!!!”

As President Wharton roared through the office with fire coming from his mouth, his secretary, sweating, picked up the shattered folder.

“Still, there is no other way but to take over. As long as the budget of $7.5 billion is confirmed, the number of shipyards we own will soon lead to sales.”

“Yeah, as you said, the Federal Steel guys are also serious.”

Wharton is no fool.

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

One of the giants who built trust in the steel industry. But recently, he was feeling the naval cartel he’d been cultivating his whole life starting to stumble.

“You have to eat the shipyard somehow to project influence on the Naval Ordnance Bureau. Those two shipyards are no longer optional, they are mandatory. The moment you can’t eat that, Bethlehem Steel will be cut off from the Navy.”

I felt a sense of crisis.

As War Minister Roosevelt and Navy Secretary John Ron were on the side of Federal Steel, the Naval Ordnance Agency’s trust had no choice but to increase the size of Bethlehem Steel’s.

Even if you want to drive it, you need a shipyard to drive it.

“Besides, it’s not just about taking over.”

“Yes?”

“Don’t you know?! If we don’t get a stake quickly, Federal Steel will soon take a 15% stake!!!”

“ah….!!”

Lightning struck the secretary’s head.

15% stake

Even if Federal Steel takes a 15% stake in the shipyard, they can exercise their veto rights.

Right of veto (right of veto)

The moment they wield it, Bethlehem Steel can only be hit unilaterally. You will be unable to do anything, and the two shipyards will be turned into pretty garbage.

They already secured 10%, so before securing 5% in the future, they had to compete with the two shipyards.

“shit…..”

dump-

President Wharton slumped into his chair. There was no way out, and there was nothing but a call.

Even if you can’t eat the shipyard, you’re out.

Even if you eat the shipyard halfway, you are out.

There was only one dollar left.

“…..”

The light gradually faded from Wharton’s eyes.

“secretary.”

“Yes.”

“…Please contact the presidents of the two shipyards. I will take over at a price as you call it. Even Federal Steel.”

Bethlehem Steel.

Finally heard the white flag.

‘But I have no intention of ending it like this.’

buzz-

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

Once again, President Wharton’s eyes shone dangerously.

“And contact your allies in England, right now.”

Wharton’s face wrinkled indiscriminately.

never die easily

***

Click-

– It’s Wharton.

“Ah haha. Aren’t you, Chairman Wharton of Bethlehem Steel? Why did you call our Whitworth North America office?”

-Are you okay?

“yes. As usual. This time in Whitworth, we have a business to break through with a new customer. Other than that you’re working hard… What else do you have in mind?”

– The Federal Steel I told you before. remember? It’s just that you don’t want to ship 12″ or 13.5″ guns to other guns.

“Oh, is that it? If that’s the case, I’m well aware of it. You mean press Federal Steel with a patent when you need it later?”

– I remember exactly. Now is the time. May I ask Whitworth?

“At the same time, the directors of Vickers are also here.”

– Really? Good timing.

“Yes, then, as we agreed in advance, we will cut off all requests for delivery of Federal Steel and apply pressure to patent the main gun.”

– Please.

“Yes, just leave it to me. Then come on.”

click.

“after···.”

Whitworth’s director wiped the sweat from his forehead with his hand. Then, with a forcible smile, he turned his gaze to the VIP who was sitting on the sofa.

“thank you for your effort.”

Inside the room, several directors of Whitworth and Vickers were gathered, but they were all nervous and sweating.

“Can I say this to Bethlehem Steel?”

“Yes, you did a great job.”

I sat on the sofa and got up.

“Please take good care of our Federal Steel in the future.”

I smile brightly.

He reached out to his future partner.

‘Checkmate.’

＜ Preparation for victory. (4) > end