Technology: Breaking the Global Monopoly

Chapter 1881 Morgan's Past

"According to the investigation, some of the semiconductor and automobile-related businesses that Hanxing Electronics Group split off this time were technology-assisted businesses provided by Jiuzhou Technology. Jiuzhou Technology originally wanted to control the means of production of Koryo Semiconductor, but most of the shares of Hanxing Electronics Group were in the hands of our Wall Street capital. Jiuzhou Technology could not control Hanxing Electronics as it wished, so it has not provided Hanxing Electronics with advanced semiconductor technology in recent years.

At the beginning, I suggested that we could use the Hanxing shares held by Morgan to carry out real cooperation with Jiuzhou Technology, but Jiuzhou Technology has always rejected us.

Since we have not been able to join Jiuzhou Technology, we can increase our investment in Rosen Technology with our assets and financial strength. Even if we cannot hold a controlling stake in Rosen Technology, we can continue to reap huge profits in the global market."

Morgan's head Gorman said this to the real core controller within the group.

But this time, Morgan's controllers had different voices.

"Since Jiuzhou Technology has truly mastered the epoch-making technology, how much resources should we invest in Rosen Technology? In the past five years, we have spent tens of billions of dollars, but have not yet received the expected profits."

"Land reform is currently underway in Daxia. The vast farmland and forests are excellent resource areas. Perhaps we can transfer some funds to Daxia's agricultural products. Although Daxia's audit of this industry is relatively strict, there are ways to solve it after all."

"Semiconductor technology needs to keep pace with the times in order to generate corresponding value! Hanxing Electronics Group is dividing these outdated technologies. I think this will cause great losses to our interests."

……

Morgan's head Gorman couldn't help but frown when he heard these voices.

  He also knew in his heart that the reason why there was such chaos within the group now was largely because the group had boarded the fast-growing train of Daxia, but did not obtain the most core high-quality assets!

Similar discussions are repeated every quarter when financial reports come out.

Even the remarks of some of the senior executives, if exposed by the media, would likely cause a major earthquake in the financial market! After all, the move of transferring investments across the board and putting chips in Daxia could be considered a "betrayal of Wall Street."

The tide of the times is violently beating against the banks of the capital empire. Gorman is like a member of the search and rescue team on the shore. He does not want to watch the group's assets being destroyed by the waves, nor does he want to argue day after day without taking any definite action.

His old eyes concealed an eagle-like sharp gaze.

Gorman looked at the oldest man in the meeting room, stood up and walked up to him.

Gorman put the documents he had sorted out on the other party's conference table, took a deep breath, and said solemnly: "I should have left Morgan ten years ago, and it was you who suggested that I continue to manage Morgan.

Now, Morgan has reached the most important crossroads. If the knights and nobles continue to argue, since I cannot lead the team, I will resign.

This is not a threat from me. I just think that this is the only way to let the Morgan Group be free. I believe that after I leave, Morgan will be able to make breakthroughs in various fields..."

Gorman's meaning was very clear. If the forces within the group could not reach a unified voice, he would not continue to struggle. The current patriarch of the Morgan family looked at the elite in front of him with a deep gaze.

Everyone else in the meeting room glanced over at the same time.

After a moment, everyone heard a light cough.

“At the beginning of the last century, our Morgan consortium controlled one-third of the financial capital in the United States, with a total value of nearly 200 billion US dollars. In addition, it also owned 65% of the insurance industry in the United States, with a value of 125 billion US dollars. The companies controlled by our group include: American Steel, General Electric, General Motors, AT&T Telegraph and Telephone, Westinghouse Electric, American Cable, United Metal Carbide and dozens of other industry leaders.

But in fact, our Morgan family has always been a farm owner, not an investment family. I still remember that in the 19th century, my ancestor Joseph Morgan started real estate, hotels, coffee shops, and other industries, but what really made him rich was a disaster in the insurance industry. "

The patriarch of the Morgan family had eyes that were like the light projected from an old projector.

"At that time, a terrible fire broke out on Wall Street, burning more than 600 buildings. The initial calculation of the direct loss was estimated to be more than 1500 million US dollars, and the amount of insurance compensation was a terrible figure that could not be easily calculated. It was an astronomical figure.

In order to pay the huge amount of compensation, many insurance companies emptied their accounts and went bankrupt.

My ancestor, Joseph's insurance investment was also going to be wiped out along with the winter of the insurance industry. But he made a decision that went against human nature!

Not only did he not sell his insurance company shares, he even borrowed money from everywhere and raised a full $10 in cash to buy those shares that were being sold at low prices.

A few years later, both companies and individual users were in need of the business of excellent insurance companies, but there were not many insurance companies, so the surviving insurance companies had no worries about orders. At the same time, they used the original accident as an excuse to increase premiums a lot, and the insurance industry thus entered a period of rapid development again.

My ancestor Joseph owned stocks of a considerable insurance company and naturally made a huge fortune. It was also from him that our Morgan family began to develop in the financial insurance industry.

The Mexican government that was on the verge of bankruptcy after the Spanish-American War, Argentina that fell into economic crisis many times, and the British government that was in debt after the Boer War, after they were unable to save themselves, were all willing to hand over hundreds of millions of dollars of national debt projects to our Morgan Group for us to operate.

Fishermen on the seashore all know that the bigger the wind and waves, the more valuable the fish!

  Because others don’t dare to go out to sea! Because we dare to take risks!

Over the past hundreds of years, our Morgan family has gone through many ups and downs, but the reason we have been able to survive and even get better and better is that every generation of our Morgan family has someone willing to take risks!"

The old man's words became increasingly passionate, and his speech brought everyone present into the once magnificent era of gold rush and finance.

Those were indeed wonderful times, when everything was changing and appreciating rapidly.

And Gorman also heard the information he wanted to know.