Chapter 478: 182, The ABC listing plan favored by everyone (7K grand chapter~)_3
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More than two months later, the name Donnie Block once again became the focal point on Wall Street.
It was precisely this discussion that led many people to eagerly anticipate ABC's initial public offering, hoping to snag shares of ABC's stock.
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"Dad, the matter about ABC going public has now become the hottest news in New York as well as the entire country. I heard that in other cities it's the same, especially in those cities where Donnie has decided to roadshow, there are already many people paying attention to this matter."
Young Rockefeller sought out Old Rockefeller at this time, conveying the news of ABC's impending IPO.
"Wealth is always so enticing, driving people mad. I believe that this IPO of ABC will certainly be a dream of wealth for many!"
After a sigh, Old Rockefeller continued, "I know that Donnie Block has chosen two underwriters on Wall Street again, Goldman Sachs and Merrill?
Young Rockefeller nodded, "Yes, although these two companies are only mid-tier on Wall Street, they both have much potential among their peers. Actually, I have been observing these two companies for a while now, but I had not expected Donnie to make his decision so swiftly!"
Human desire is endless, as is the desire within a family.
Although the Rockefeller Family has already taken control of the oil industry in the United States, they have faced targeting from Wall Street during their developmental process. Therefore, before Old Rockefeller retired, he had collaborated with Wall Street, represented by Morgan, multiple times. Despite many viewing the negotiations as Young Rockefeller being at Morgan's mercy, the outcome was that Rockefeller gained more say on Wall Street.
This is why Old Rockefeller was confident that he could make some targeted plans against Donnie.
Of course, the most important factor here is the influence of the Rockefeller Family in the United States.
"This is exactly the matter I have always been telling you about. When you do something, you tend to look before and after and strive for stability. However, the marketplace is like a battlefield, where any situation can change in an instant. Under such circumstances, if you are even a little slow, you might not be able to catch up with others' steps!"
Old Rockefeller never missed an opportunity to educate Young Rockefeller.
Young Rockefeller, feeling somewhat embarrassed, lowered his head, but it was not long before he raised it again and said earnestly, "But if we act hastily without sufficient understanding of the other party, won't we more easily fall into failure? I remember dad, you once told me, and over these years I have seen, that many once glorious families were affected because their successors rushed forward with their plans. The Astor Family is a prime example!!"
Old Rockefeller stretched out his withered arm, pointing towards the distant sea in the courtyard, "Before you arrived, it was calm here, without the slightest wave, but after you came, the wind rose, and the waves started to appear.
Just like the marketplace, there's no fixed pattern; it is always changing.
It is good for you to be cautious, but excessive caution can also result in unfavorable outcomes.
When the seas are calm, those setting sail might have already filled their boats with fish. When others see such a catch, they can't help but go to sea, but they may encounter huge waves that make it not just impossible to fill their boats, but even surviving to return might be uncertain.
Vincent's situation indeed serves as a lesson, but you can't place everyone in the same environment, with the same thoughts, the same circumstances...
Vincent lacked the capabilities but insisted on doing certain things to prove himself, which is why he ended up like this.
You are different, you have the capabilities, but your determination does not match your abilities."
Having said this, Old Rockefeller was visibly tired and took a sip of milk before continuing.
"I need you to answer a question for me now!"
Looking at the serious Old Rockefeller, Young Rockefeller answered gravely, "Father, please ask!"
Old Rockefeller inquired, "Do you want to be a successor who merely maintains what has been achieved, or do you want to be someone who, under the current circumstances, can add more to our family's assets?"
Young Rockefeller fell into silence, clearly finding it a very difficult question to answer.
After thinking for a while, Young Rockefeller did not directly answer Old Rockefeller's question but instead asked, "How would such choices influence your decisions, father?"
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A fleeting look of disappointment crossed Old Rockefeller's eyes before he spoke, "If you want to be a successor who conserves what has been achieved, then I will abandon my targeted plans against Donnie Block. Whatever happens to him in the future, whoever he suffers losses from, that will be his own affair and not related to us. We only need to ensure that the Hearst Corporation remains under our control and that you only need to prepare well for dealing with Donnie in this matter.
If you wish to charge into the fray, then my plan will continue, but you will be responsible for the specifics. And Donnie Block will be the whetstone for you!"
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