Chapter 1333: Chapter 455: The California Banking War Begins (Part 3)
After the meeting ended, Crea Giannini called Ham Gianini into her office.
Everyone thought this was Crea Giannini scolding Ham Gianini alone, but unexpectedly, Crea Giannini did not scold Ham Gianini; she just asked him to contact Cameron Block for her!
"If Morgan can find help, so can we!"
Crea Giannini thought calmly.
Ham Gianini also called Cameron Block as expected, and finally, Crea Giannini arranged a meeting time with Cameron Block.
.
No one knew what Crea Giannini and Cameron Block talked about, but everyone knew when Amadei Gianini was supposed to arrive in Los Angeles.
The surprising result was that Amadei Gianini did not arrive in Los Angeles at the agreed time.
Instead, she arrived in Los Angeles three days later, which puzzled everyone, and everyone at the Italian Bank was asking Amadei Gianini where she had been these days.
Amadei Gianini sat at the head of the conference room, smiling at the crowd, and said calmly: "I just went to see a few friends. There’s no need to worry. Let’s talk about our current situation!"
Seeing Amadei Gianini’s words, everyone realized she did not want them to know certain things, so they stopped questioning since more important issues awaited them.
Crea Giannini revealed the plan she had developed to Amadei Gianini.
Amadei Gianini did not comment on Crea Giannini’s plan but asked, "So, do you think the group is already at the point of a last stand?"
If not now, then what on earth would constitute a last stand?
All the board members and management looked at Amadei Gianini with bewilderment.
Crea Giannini said, "Father, the opponent is no longer using business tactics against us; they have deployed administrative power. Besides compromising, we can think of nothing else!"
Crea Giannini, who knew her father very well, had already guessed he didn’t agree with her plan!
Amadei Gianini waved his hand and said, "Now that Morgan and Rothschild have used administrative power against us, we should compromise. What if other Federal Reserve shareholders threaten us the same way in the future?
Will we continue to compromise then?"
Amadei Gianini’s words led everyone into silence.
Amadei Gianini didn’t let everyone brainstorm further but continued, "We should all know retreating will not satisfy our enemies’ gain; it will only make them greedier and more reckless because, in their eyes, we will always compromise.
If that’s the case, we will only compromise more and more, possibly losing everything!"
Even though Crea Giannini had already guessed her father’s thoughts, she still said, "We have also considered this, so we decided to use the cash from selling some assets to buy back our company’s stock, strengthening our control over the company."
Amadei Gianini looked at his daughter; he appreciated Crea Giannini; otherwise, he wouldn’t have decided to hand his company over to her management.
But ultimately, she lacked some experience.
"Your plan indeed increases our control over the company, but it also removes the company’s steps toward expansion. Moreover, what is the point of our company going public if we go down that route?"
Actually, there was another line Amadei Gianini didn’t speak aloud, which was even if you bought back the company’s stocks, could you guarantee everyone would be willing to hold onto a pile of stock?
Someone would always sell!
When the Italian Bank was initially established, there were a total of eleven shareholders.
Now those people were here, and naturally, Amadei Gianini couldn’t say that.
"Then, what’s your idea, Father?" Crea Giannini finally couldn’t hold back and asked.
The rest also looked at Amadei Gianini.
Amadei Gianini said sternly, "Ladies and gentlemen, there is no need to worry about this issue; this time, not only will the Italian Bank not fall, but it will also become stronger!"
Everyone was surprised by Amadei Gianini’s words; they were already prepared to cede land for peace, yet, Amadei Gianini said he would lead the Italian Bank to become stronger?
The crowd awaited Amadei Gianini’s explanation.
Amadei Gianini continued, "After this meeting with everyone, I will head to Washington to personally persuade the President and the Treasurer to urge the United States to establish a new law, namely the networking of national branches of commercial banks!"
Crea Giannini looked somewhat disappointed and said, "Not to mention whether the law can be passed, even if it succeeds, by then, the Italian Bank would already be finished!"
Everyone knew implementing a law is not something easy or doable in a short time.
Amadei Gianini said, "I go to lobby the government to legalize it on one hand, and on the other hand, to buy us time; simultaneously, I will call Morgan and tell them we are selling the Italian Bank. Everything we do is to buy time for us!"
At this point, everyone understood that Amadei Gianini already had a complete plan in mind.
Crea Giannini urgently asked, "Father, you should disclose the entire plan to everyone here. I believe everyone in this room is on our side!"
Everyone nodded!