America 1919

However, Donnie had already prepared for the possibility of the other party agreeing, so he naturally responded calmly!

"Dear Warburg, my suggestions have always been based on the mutual interests of both parties, which is why you agreed to my proposal!"

Paul Warburg gave a wry smile and said, "Block, you've used one company to exchange for 4% of our consortium's shares!"

Donnie shrugged and said, "Warburg, let's not talk about that now. What's the current situation of the Kuhn, Loeb & Co. consortium? If it weren't for the external reports about their investment in Florida, I imagine the market value of the Warburg Company would still be declining, right?

Furthermore, most of the companies under the Kuhn, Loeb & Co. consortium are heavy industry enterprises. Originally, there was a Westinghouse, but due to Westinghouse's excessive investment in KDKA, the company's profits have suffered.

To put it frankly, the entire Kuhn, Loeb & Co. consortium is actually being supported by the financial business of the Warburg Company. If the consortium doesn't consider transforming, even as one of the largest in the United States, decline after prosperity is inevitable.

In contrast, my Apollo Chain is different. The Apollo Chain has already completed its initial national layout; you could say the hardest part is over, and now it's time to reap the benefits.

Apollo Chain is like the rising sun right now. No matter what its market value reaches at the time of listing, you and I both know this is just the beginning!"

Paul Warburg nodded, saying, "Block, you are deliberately overlooking another issue. The Kuhn, Loeb & Co. consortium is not on a decline. It's just that sectors like steel and railroads in the United States have entered a relatively stable phase. That's the real reason for the consortium's shrinking market value. But this stable phase also has a benefit, which is stability. In fact, the market value of Kuhn & Loeb has already stabilized at an acceptable level before this.

Once this situation stabilizes, the changes in their market value will be very subtle. Conversely, for Apollo Chain, as the largest chain company in the United States, even though currently, due to your relationship with the White House and its policy strategies, no one is reacting against Apollo Chain's monopoly. But can you guarantee that the next President or the one after will maintain the same strategy?

The breakup of Rockefeller Oil wasn't that long ago!"

Donnie said, "But Rockefeller also became stronger after the breakup!"

Paul Warburg laughed, "But the retail industry is not the oil industry, and the success model of Apollo Chain is not uncopyable!"

"Alright then!" Donnie leaned back on the sofa, smiling, "Why don't you think about it a bit more, Warburg?"

Paul Warburg was momentarily speechless, and then gave another wry smile, "OK, OK, this time neither of us is losing out; it's a win-win cooperation!"

Upon hearing Paul Warburg say this, Donnie finally broke into a smile, "Then when shall we sign the contract?"

Paul Warburg laughed, "Anytime!"

.

"Sir, we just received word that Venus Bank has signed a stock swap agreement with Warburg Company. Venus Bank exchanged 10% of Apollo Chain's shares for 4% of Warburg Company's shares!"

George Whitney entered Jack Morgan's office.

"What?" Jack Morgan said incredulously, "Paul Warburg actually agreed to exchange shares with Donnie?"

"I'm also very curious. Based on Warburg Company's asset value, Apollo Chain's 10% shares wouldn't even exchange for 1% of Kuhn, Loeb & Co. consortium's shares, but now they've exchanged for 4%. Could it be that Donnie and Paul Warburg have reached some consensus we're unaware of?"

George Whitney was more inclined to remind Jack Morgan that perhaps Donnie had already betrayed their agreement!

Otherwise, did a donkey kick Paul Warburg's head for him to agree to such a decision?

Jack Morgan understood George Whitney's concern, "No, because if that were the case, then everything Donnie did before wouldn't make any sense!"

George Whitney asked, "Then why would Paul Warburg agree to Donnie's proposal?"

George Whitney really couldn't understand what was on Paul Warburg's mind at the moment!

Jack Morgan thought of Donnie's girlfriend with the Warburg surname in Atlantic City, and said, "Maybe I know what the other party is thinking!"

George Whitney looked questioningly at Jack Morgan, but Jack Morgan didn't share his thoughts because he believed if the Warburg Family was really as he suspected, then they were indeed very bold!

"Call Donnie's office and say I invite Donnie to play golf!"

"Understood!"

.

The next morning.

Donnie and Jack Morgan arrived at a golf course in the suburbs of New York, which Jack Morgan had already reserved. Besides the two of them, even the caddies stayed at a distance!

"Mr. Morgan, you're being overly cautious!"

Donnie looked around at the empty surroundings and bent down to pick up a golf ball.

"It's still better to be cautious about such matters!" Jack Morgan said casually, while lining up a shot at the hole not far away.

"Aren't you curious why Paul Warburg would agree to exchange Apollo Chain's shares with you at Warburg Company's current market value?"