Fred Fisher knew that Donnie was about to announce his future plans for Cadillac at this mont!
"What does Mr. Block think about this?"
Donnie calmly said, "I believe you should already be aware of what happened to in Washington, right?"
Fred Fisher nodded, "I know, and I’m very sorry for the security in Washington!"
Donnie said, "I know that Germany’s rcedes-Benz Company is already developing bulletproof cars, so the first thing I want to do at Cadillac is to start developing our own bulletproof cars. I want to combine bulletproof cars with luxury cars and provide the most comprehensive protection for global political and business figures!"
Fred Fisher showed a bit of surprise on his face, not expecting Donnie’s first arrangent for Cadillac to be this!
Fred Fisher was also aware of rcedes’ developnt of bulletproof cars, but he didn’t expect Donnie to be aware of it as well.
At this mont, Fred Fisher even suspected that Donnie spent millions acquiring Cadillac just to have a bulletproof car designed for himself?
If that were the case, Fred Fisher couldn’t help but marvel at Donnie’s financial power!
These thoughts flashed through Fred Fisher’s mind quickly, then he replied, "Mr. Block, developing bulletproof cars is not like those gang conflicts; it involves using armored vehicle technology..."
In fact, at this ti, bulletproof cars have already erged as prototypes in the United States, originating from the conflicts of Arican gangs.
Those gang leaders modified car bodies with bulletproof vests to protect themselves from enemy ambushes.
However, the world’s first truly bulletproof car was developed by rcedes in Germany under the leadership of a certain little moustache.
This involved making cars armored, a technology that isn’t terribly difficult, but isn’t easy either.
Donnie interrupted Fred Fisher’s words, saying, "Mr. Fisher, I hope you understand that I take my personal security very seriously, and that’s also the most important reason I bought Cadillac, so this matter is a notification, not a discussion!"
Fred Fisher sighed, knowing things couldn’t be so simple; he had long heard about Donnie’s character, and for his orders, his subordinates could only listen carefully and not voice opposing opinions!
But this matter is not so easy to accomplish.
Even though making cars armored is not very difficult, it involves the developnt of new technology, and in this situation, Cadillac must allocate funds to this matter.
And everyone in the company’s various departnts is watching these funds, even the board of directors is watching.
Now, Donnie’s words essentially an cutting other departnts’ research funds and reducing the board’s dividends, which is not an easy task.
However, considering Donnie’s attitude, Fred Fisher also knew that changing Donnie’s decision was probably not easy.
"I understand. I will bring this matter to the company’s board of directors and managent etings for discussion!"
Donnie frowned, "Fisher, you didn’t understand what I ant earlier. I said this matter is an order and not open to change. As for the board and managent etings, I can now tell you that Venus Bank has already acquired Cadillac shares from the William Murphy and Lemuel Bowden families, and an announcent is about to be made, so Venus Bank is now the absolute controlling shareholder of Cadillac. As for the company’s executives, I need a group that listens, not a managent team that defies my orders for their own interests!"
As ntioned earlier, above Henry Ford and Henry Leland, there were two investors in Cadillac, naly William Murphy and Lemuel Bowden, two Wall Street investors.
Although General Motors had previously bought so Cadillac shares from them, making it the largest shareholder, William Murphy and Lemuel Bowden remained two major shareholders of Cadillac.
During negotiations with Pierre DuPont, Donnie had already instructed Jesse Livermore to negotiate with these two on Wall Street.
With a 20% premium, Venus Bank had completed the intention of a Cadillac equity transaction with them, and now they are discussing so details, with signatures possibly in the next two days!
Fred Fisher showed an expression of surprise.
Along with surprise, there was also a bit of helplessness.
Originally, Fred Fisher was thinking of using the William Murphy and Lemuel Bowden families’ shares in Cadillac to counterbalance Venus Bank.
Now it seems that he underestimated Donnie’s emphasis on his personal security.
Donnie easily resolved board issues with his cash power, leaving only the company managent!
Fred Fisher is pondering how to persuade them.
Bulletproof cars will certainly take away so departnts’ research funds, but in a certain sense, can it also be understood as an additional fund for the company to allocate freely?
As long as he pays so price, persuading the managent shouldn’t be too difficult.
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