Chapter 932: Funeral and influence

Little Morgan is dead.
The death was sudden. Yesterday Li Zitao was still wondering if his body was at an end.
I heard the news the next day.
The sensation caused by Little Morgan's death on Wall Street is not just a storm of speech.
On the day of the death announcement, JP Morgan's stock price jumped three times in a row, which shocked the entire financial industry.
Stanley was slightly less affected, after all, it was a partnership system.
However, on the same day Stanley's phone was almost hit, and everyone was worried about the fall of the financial giant.
More than 100 companies jointly and indirectly controlled by Morgan have also been affected.
Wanting to eliminate this effect cannot be accomplished overnight.
In the following year, Harry Morgan was busy.
However, this is good news for rich countries.
Juliana, who just finished crazy last night, put all her energy into her work again.
The shareholders of JP Morgan also have frequent contact with the management of the rich country. This shock allowed them to see the dependence of JP Morgan on the Morgan family.
To get rid of this dependence, we must introduce more funds and help.
And on Wall Street today, and even the world's financial industry, there is no better choice than rich countries.
Because no bank can match its cash reserves.
Not even the Fed.
If you want to print money, you have to pay for it from the American government.
Otherwise, they printed out a pile of waste paper.
On the other hand, the Rich Bank Holdings Company where Rich World is located, or the financial alliance referred to as ‘L-BhG’, is full of ‘printing’ full amount of money every day.
Morgan used to rely on good relations with the European royal family to monopolize financial transactions in Europe and America.
Now Wells Fargo has replaced its existence.
But rich countries rely not on friendship and relations, but on the importance of its irreplaceability.
The loans required by the allies, advances in various arms purchases, and even the military needs and military funds of some countries are loans provided by rich countries.
During the war, when the interests of all walks of life were greatly suppressed, a rich country with sufficient funds was the father of gold for everyone.
However, in order to avoid the future failure of Morgan Lee's bank holding company, heirs only have the right to pay dividends and no management rights.
Li Zitao is now making various preparations, such as splitting the L-BhG shares he holds.
In L-BhG, Li Zitao holds 35.5%, the undoubted largest shareholder.
He plans to split 30% of the shares, 10% of which will be transferred to the Li family fund as welfare and stable income for future generations.
Another 10% of the shares are put into the Los Angeles City Bank, and its shares are held 100% by Li Zitao. There is no dispute.
The last 10% of the shares, Li Zitao intends to put it in, that is, Li's Higher Education Fund.
The advantage of this is that it can provide the Li family with a continuous stream of high-level talents, and also allow the family to earn enough reputation.
More importantly, no one dared to touch this part of the shares easily.
It does not represent anyone’s cake, but it may summarize the huge benefits of each family, and everyone may have the opportunity to use it.
Even Li Zitao's children and grandchildren cannot easily touch this cake.
But because of this, it appears to be particularly safe, as long as his sons' brains are not broken, they have to smash the big pot stove by themselves.
Then, this part of the shares will be firmly controlled by Li Shi.
After doing this, the L-BhG shares owned by Li's only 5.5%.
Being the smallest shareholder other than Jonathan also allows the public to turn their attention to others and become less conspicuous.
In capitalist countries, foundations are the best shield to shift hatred and prestige.
Every year, only 5 to 12% of the income needs to be invested in charity, and in the countless thanks, we can spend a lot of money flowing into our wallets.
More importantly, there is no tax.
But it is for this reason that more and more rich people are willing to invest in charity and promote the development of all walks of life in society.
The pros and cons can only be said of their own judgment.
Money, to Li Zitao now, is more and more like a string of symbolic numbers.
How much money he has now is not even clear to him.
I only know that no matter what he is doing, there will be profits flowing into his account every minute.
At the same time, he paid less and less taxes, and his value on the bright side became lower and lower.
Some people speculate that his worth has exceeded 5 billion, others say 10 billion.
But no one would go to the truth, only as a boring chat, there is only one thing they know and confirm; he is very, very rich.
In fact, Li Zitao was also very confused about this question, "How much do I have?"
"Boss, this problem may take some time." Tia, who just took over, said helplessly~EbookFREE.me~ Wanting to calculate Li Zitao's worth is indeed a very large project.
Especially after he deliberately changed his shares and formed multiple cross-shareholdings, it would take a lot of time just to clear these shares repeatedly.
"It doesn't matter, I think the most important thing is time." Li Zitao has been really laid back recently.
At the age of 30, he has entered a semi-retirement stage.
There are too few things that require him to deal with in person.
Unless it is a particularly significant event, or the annual general meeting, the internal audit of the company, etc., the rest of the matter does not require him to take action.
However, the daily work schedule is still very full.
There is no need to come forward, it does not mean that he will let the company develop itself without understanding the direction and progress of the company.
At this stage, the most important thing to pay attention to is the negotiation with JP Morgan.
This financial enterprise that has lost its soul and is no longer subject to the checks and balances of the Morgan family, the rich country has opened its mouth to find a suitable time.
The ambition of the rich countries is not terrible. What is terrible is that within JP Morgan, many shareholders are happy to see it.
Crises often come from within, as is the case with the current JP Morgan.
And Harry Morgan, the successor of Jr. Morgan, is busy bashing for his father's future generations and his influence for Stanley.
If he could choose, he hoped his father would stick to it for another year or two.
Even if he can only live like a corpse, lying on the bed with various instruments, it is much better than it is now.
"Finished Morgan, what is our next goal?" This was the question Jonathan asked him on the phone.
"Maybe, the next enemy is between us." Li Zitao replied jokingly.