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Chapter 534: Valuing DuPont

For a Concern model enterprise, the impact of being split up is far greater than that of a trust enterprise. Sheffield thinks so, because in a Concern enterprise, there must be strong industries and weak industries. The existence of weak industries requires

Supplement to strong industries.

This can be seen clearly from the chaebols in Japan and South Korea. There are a large number of inefficient industries in many chaebol industries, which is almost the same as the first task of state-owned enterprises is to reduce the unemployment rate.

This is also the reason why Concern enterprises are often eliminated when facing industrial upgrading at the end of their development, and the United States does not choose the Concern enterprise model. Any industry develops, and once it encounters a bottleneck, the probability of collapse is greater than that of a trust enterprise.

Koreans understand this best. Daewoo Group, which was still more popular than Samsung back then, is gone.

Of course, South Korea's Daewoo Group said no. The main reason is that it has the guts. During the Asian financial crisis that year, the United States was eager to shear South Korea's sheep. Among Samsung and modern giant companies that are invincible, South Korea's Daewoo Group is the only one.

A plutocrat who dares to say no.

The only decent Korean is Kim Woo-joong, the boss of the Daewoo Group. Kim Woo-joong was heartbroken that he was being manipulated by the United States and did nothing, so he deliberately raised funds to mortgage Daewoo, borrowed more than 20 billion U.S. dollars, transferred it to his secret account in the UK, and laundered the money and fled.

They fought hard with the United States and planned to leave an empty shell of Daewoo for the Americans to harvest. However, they were treated as "monkeys" by their own people in the South Korean government. They killed chickens and monkeys to show other entrepreneurs, and frightened other consortiums to all bow their heads and become the puppets of the United States.

No chaebol in South Korea dared to inject capital into South Korea's pillar company Daewoo. They watched Daewoo go bankrupt and bleed in their hearts. The chairman of the group, Kim Woo-jung, was liquidated by the United States for economic crimes and was forced to flee overseas. In fact, it was just to make American General Motors only

The purchase of the Daewoo Group worth US$60 billion for US$400 million became the most exaggerated case of sheep shearing in history.

Morgan Jr. and Rockefeller Jr. in New York also learned that the DuPont Consortium had lost the lawsuit and that the entire company had been divided into four. They quickly contacted Sheffield and congratulated him but also expressed that they wanted to talk in person.

"Okay, I'm going to New York right away. We really need to have an in-depth talk." Sheffield readily agreed to their invitation.

Now it is time to practice the sheep shearing tutorial in China. The target is naturally the DuPont family after losing the lawsuit. Sheffield naturally hopes to copy the glorious case of GM's acquisition of South Korea's Daewoo and leave an example for future generations of business to learn from. Shearing

How can wool technology be introduced to the world in the future unless it has been practiced several times in China?

In the Morgan Building, young Morgan and young Rockefeller were both smiling and seemed to be extremely happy about Sheffield's victory, but what they were most happy about was whether they could get their own share of it.

How much you can get from the DuPont family's $50 million industry is a matter worth discussing.

As a banker among bankers, Morgan Jr. had his own account to settle.

"First of all, we are happy for William's victory!" Little Morgan opened a bottle of red wine, poured it for the two of them, and said while pouring it, "This old case is finally over. Whether the reason is reasonable or not, we won't say yet.

But finally there is a result, and I hope that there will no longer be such fierce conflicts in the domestic business community in the future."

"Of course!" Little Rockefeller also shook his glass and said, "This time the Supreme Court split the DuPont Company into four, which should make William feel relieved. I believe even Mrs. Anna should be relieved. Strictly speaking, DuPont Company

It no longer poses a threat."

"To be precise, it should be after the three of us are separated so that we won't become a threat." Sheffield nodded, took the wine glass, touched it with Morgan and Rockefeller, and asked, "How will the stock market react?"

"Of course it's a sharp drop, needless to say? The stocks related to the DuPont Consortium are all falling. And I have already said hello to some friends that I will never provide loans or capital injections for DuPont's industry. Now you are happy."

After Morgan finished speaking, he drank the red wine bit by bit, put the cup on the table and said, "In the United States, when the three of us decide on something, it can basically be predicted to be successful. Now we should talk about it.

It's an important matter, involving an industry worth 50 million US dollars. Although we are friends, we still won't be lenient in the interests we should fight for."

After listening to little Morgan's words, Sheffield and little Rockefeller both showed tacit smiles. Now is the main meal.

Under normal circumstances, being split up will definitely cause the stock price to plummet. You don’t need to ask the two of them to know that Morgan Jr. must have verbally promised to help, and first let the DuPont family spend their own money to stabilize the stock market. As for whether they will really help! The DuPont family

They think it might be possible, but the three of them think it's definitely not.

When the DuPont family's funds are exhausted, that's when little Morgan shows his true face.

"I heard recently that you were with a Japanese woman?" Rockefeller asked in a low voice. "Now Japan seems to be dissatisfied with our country. You should also pay attention to it and don't spread the word and let some people say that those people still support the Democratic Party.

Where is the person?"

"She is a very obedient woman. What should you pay attention to? If I like it, we will be together. When will slaves be able to dictate the lives of slave owners. With my consent, they are citizens of the United States. If they dare to interfere in my life

, they are nothing." Sheffield sneered, "If they can't shut up, I'll make them lick the black people's butts."

Little Rockefeller laughed and said as if it was true, "I knew you were just taking advantage of those white supremacist citizens. My guess was absolutely correct."

"That's right!" Sheffield admitted simply. People like him don't have nuclear bombs in their hands. Otherwise, they wouldn't be able to distinguish between foreigners and locals. If they want to, they can throw them in New York, and if they want, they can throw them in Germany.

If you throw it to Texas, you won't feel guilty if you throw it to any country in the world.

Real monopoly capitalism should do this and discard all these racial and ethnic sentiments. Just distinguish between slaves and slave owners. Simple things are best, don't make them so complicated.

"Don't talk about useless things. Things like rights cannot be quantified. Let's talk about things that can be quantified." Little Morgan found the table made during this period, which shows the equity structure of the DuPont Consortium in its industries.

, as well as the scale of each industry, you two take a look.

In addition to the equity and financing situation, shareholding ratio and liabilities, the above information can be said to be very comprehensive. The bankers among the bankers can be said to be well-deserved, and they have analyzed the DuPont family thoroughly.

"Can you bring out the form for the DuPont family today, and will you bring out the form for the United Company tomorrow?" Sheffield asked with a vigilant tone as he looked at it, "You are really a Grandet who eats people without spitting out their bones.

"

"I would like to have it, but you have protected the core industries of the United Company so well. They are all unlisted industries. I can't estimate them even if I want to, so I have no basis for making random guesses." Little Morgan looked regretful.

He said seductively, "I don't like this feeling, I really don't like it."

"This means I did the right thing!" Sheffield also smiled calmly. He mainly looked at the DuPont family's information on the chemical industry. He was actually not interested in other steel, mining, etc.

In Sheffield's eyes, the chemical industry is the most important, and it is the second most controlled industry by the DuPont family. The first is the industrial and mining layout industry in the hands of the DuPont family. As for other industries, such as Samsung Electronics, Samsung

Like real estate, Samsung Insurance, etc., many of the equity interests are owned by other natural persons, but they are just under the name of the DuPont family.

The lower the control of the industry, the valuation will naturally drop the fastest after dismantling. In other words, it is the easiest place to start. The chemical industry that Sheffield is targeting may not be so good if it is discussed with the DuPont family alone.

It is easy to achieve the goal, even if the situation faced by the DuPont family is very bad now.

Everything is advancing with the times, just like the DuPont family. After Coleman Dupont left the DuPont Consortium, didn't they also open a bank? The so-called rules and regulations are just like Jack Ma not playing games, just talking.

Do you really take it seriously?

"The output of the DuPont family's steel company is completely incomparable to the steel output we control now. After leaving the internal cycle, I can say that it is worthless. Of course, I think two million US dollars for these equipment and production capacity is already considered

The valuation is very high!" Rockefeller Jr. said in a condescending tone, "It's okay to squeeze it out. Being able to propose mergers and acquisitions is considered to be very considerate of Pierre Dupont."

"The chemical industry of the DuPont family is not large enough. In the context of the current tariff reduction, it is actually not worth much." After the younger Rockefeller commented, Sheffield immediately said, "You all know that the Germans are in the chemical industry.

Strong, even if I accept it, I may not be able to compete with the Germans. Maybe I will have to pay a sum of money. Although it is very frustrating, it is a fact. Can this be estimated at 10 million US dollars? I think it is just

Worth three million!”

"Then what you say, the industrial and mining industry worth 30 million U.S. dollars is not worth it. The current economy cannot be said to be very good, and the domestic demand is not high. I think it is only worth 10 million U.S. dollars!" Little Morgan heard two words.

The greedy person said this, and he was not polite, "If it belongs to me!"

"Why should it belong to you? We still need to discuss these minerals." Young Rockefeller quickly stopped him.
Chapter completed!
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