On the contrary, if the company’s top managent cannot successfully suppress even a mid-level employee, it ans he is no longer fit for his position.
Therefore, we must transform Flying Bank into a pack of wolves, where every lone wolf can see the opportunity to beco the alpha.
At the sa ti, we need to ensure these wolves receive plenty of rewards in their roles.
To motivate employees to compete, they must understand that their efforts will be rewarded tangibly!"
Bruce Curry and Walker seed to have envisioned the fierce competition within Flying Bank!
Donnie added: "I just want to point out one thing, regardless of the competition, the focus must be on striving for Flying Bank’s developnt. Anyone who acts for personal gain cannot be forgiven!"
Joseph Schumpeter nodded and said, "Exactly, Mr. Block is absolutely right!"
Donnie chuckled and took out two docunts, handing them to Joseph Schumpeter.
"This is an investigation of two banks I conducted before you ca. See if they match your ideas!"
Joseph Schumpeter was slightly surprised to find that Donnie Block had thought along the sa lines as him.
He took the materials handed by Donnie and looked at the situation of the two banks.
Toronto Bank!
TD Bank!
Toronto Bank was founded in 1855 by a group of grain rchants and flour mill owners, with Jas Grant Chewitt as its first president.
In July 1856, Toronto Bank opened an office at 78 Church Street in Toronto, with only three employees at the ti.
It then began establishing a branch network in Ontario.
In 1860, it opened its first branch outside Ontario in Montreal.
In the 19th century, Toronto Bank grew steadily, maintaining high capital reserves, being a relatively conservative bank with core custors mainly being farrs, rchants, and agricultural product processors.
In 1913, to underscore its importance, Toronto Bank moved into a large new headquarters at the corner of King Street and Bay Street in Toronto.
As for TD Bank, its developnt is sowhat lesser compared to Toronto Bank.
Founded in 1869, TD Bank has always focused on investnt in Canadian manufacturing, holding a significant position in Canada’s manufacturing sector.
If Donnie had not appeared, Toronto Bank and TD Bank would have rged in 1954, and post-rger, they would be known as Toronto Dominion Bank.
Commonly referred to as TD Bank!
Currently, these two banks rank at the lower end of Canada’s major banks.
But if they could rge, the situation would be entirely different!
They share a common trait: Their equity distribution is particularly decentralized, though not to the extent of Royal Bank of Canada, which has already beco a public company.
However, in reality, the control of the major shareholders over the company is also very weak.
This provides favorable conditions for Flying Bank to acquire these two banks.
Simultaneously, Donnie paid attention to the businesses of these two banks.
For example, Toronto Bank’s clients are mainly Canada’s farrs and grain rchants, whereas TD Bank’s main custors are manufacturers.
These are the industries Donnie aims to develop in Canada.
Therefore, acquiring these two banks would greatly benefit Donnie’s other businesses in Canada!
Joseph Schumpeter was unaware of Donnie’s other plans.
But he was very satisfied with Donnie’s choice of these two banks.
Subsequently, Joseph Schumpeter also took out two docunts from his bag.
"Mr. Block, why don’t you also take a look at the research I did before coming!"
Donnie took the docunts from Joseph Schumpeter and saw that they were also about Toronto Bank and TD Bank.
"Looks like we are thinking alike!"
Donnie laughed.
Joseph Schumpeter earnestly said, "Now I am more confident."
At Peterman Bank, Joseph Schumpeter’s biggest headache was that his ideas couldn’t gain the board’s approval.
He faced constant obstacles.
Now his ideas aligned with those of the behind-the-scenes boss, which was truly joyous.
Donnie smiled and said: "I have faith in you, Mr. Schumpeter. However, there is sothing you need to understand, you only have two years. During these two years, the board will not interfere with your plans and will provide ample support.
But after two years, the board wants to see Flying Bank beco one of Canada’s biggest banks.
I am not talking about size, as you ntioned, if it’s just big in size, Flying Bank might only beco bloated.
I seek to be one of the truly largest banks!"
A sense of urgency rose in Joseph Schumpeter’s heart.
In just two years, turning a fledgling bank into one of the biggest banks in Canada.
This is no small task!
The challenge is great!
But it will not make Joseph Schumpeter shrink back.
Rather, it sparked the competitive desire in his heart.
"Mr. Block, rest assured, I will definitely et your requirents!"
Donnie nodded with a smile, confident in Joseph Schumpeter.
Perhaps Joseph Schumpeter himself doesn’t know Venus Bank’s Strategic Departnt understands him better than he does.
"Alright, since Joseph, you are ntally prepared, I won’t say much more.
During this ti, Bruce will accompany you to et so notable figures in Canada, and Bruce will also serve as vice president at Flying Bank. If you encounter any administrative issues in Canada, you can seek Bruce’s help."
Joseph Schumpeter was well aware that Bruce Curry was the person placed by Flying Bank’s board to monitor him.
Although Donnie said Flying Bank wouldn’t interfere with his plans.
Those who understand know this non-interference surely has a limit.
Regarding this situation, Joseph Schumpeter doesn’t see it as an issue.
This is indeed what the board should do to control the company.
As long as Bruce Curry truly doesn’t interfere with his plans, everything else is negotiable.
"Mr. Curry, I’ll be counting on you for many things from now on!"
Joseph Schumpeter stood up and shook hands with Bruce Curry.
Bruce Curry also reached out his hands: "Mr. Schumpeter, rest assured, I am very clear about my position in the company, just to assist you with so banking matters.
Moreover, I hope to learn well by your side!"
Bruce Curry’s attitude eased Joseph Schumpeter’s worries quite a bit.
Sotis, it is good to clarify things directly before collaboration.
Just like now, Bruce Curry and Joseph Schumpeter made two things clear.
Firstly, in terms of administrative influence in Canada, he surpasses Joseph Schumpeter, and Joseph Schumpeter understands that if one wants to make a bank one of the biggest in Canada, administrative support is indispensable.
Secondly, after him, Flying Bank will likely have Bruce Curry take over his position as president of Flying Bank!
Essentially, he is to establish the prototype of a financial empire for Flying Bank and cultivate the next generation of successors!
However, Joseph Schumpeter is not dissatisfied with this.
His core requirent is hoping to demonstrate his capability and theory by practically controlling Flying Bank, shaping it into one of Canada’s largest banks.
Everyone is on the Flying Bank platform with different requirents, but the result is the sa.
Because of this, their goal is aligned!
"Mr. Curry, rest assured, in terms of banking operations, if you have any questions, feel free to co to , and I will be forthcoming!"
Bruce Curry thanked Joseph Schumpeter!
Seeing the two reach an agreent, Donnie smiled and said: "Since everyone’s goal is unified, the specific work ahead will be smoother.
Schumpeter, this evening I am hosting a dinner for you and have invited Morris Wilson of Royal Bank of Canada and John Richardson of Montreal Bank.
They are currently our allies!"
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