America 1919

Chapter 485

?Chapter 485: 184.

Those figures who once influenced American history_2 Chapter 485: 184.

Those figures who once influenced American history_2 The Rockefeller family faced multiple business challenges during William Howard Taft’s presidency.

“Mr.

Rockefeller, let me introduce you to another important shareholder of our Surf Hotel!”

Donnie nodded to Robert Stewart and others, then led the younger Rockefellers to another focal point of the evening.

This was Nucky’s stage, where guests from both sides were in attendance for tonight’s party.

Nucky, who was busy entertaining his own guests, smiled and nodded to his friends before stepping forward to greet Donnie and the young Rockefellers.

“Nucky, this is Mr.

John Rockefeller and this is his wife, Mrs.

Abby Rockefeller.

Mr.

Rockefeller, this is Mr.

Nucky from Atlantic City!”

Though Nucky had never met the young Rockefeller, he had seen his photos and marveled at Donnie’s influence, given that the second-generation head of the Rockefeller family, who rarely attended such events, was also present.

Such thoughts were fleeting as Nucky reached out his hand with a smile, saying, “Mr.

Rockefeller, pleasure to meet you.

I’ve been to New York several times and had always hoped to visit the Rockefellers, just never found the right opportunity.

Now we finally meet!”

The young Rockefeller also smiled, “Mr.

Nucky is too kind.

Next time you’re in New York, give me a call.

I’ll be delighted to host you!”

Seeing that the two had struck up a conversation and were no longer strangers, Donnie left with Helen, knowing he couldn’t stay too long with anyone at tonight’s event.

Just then, Charles Merrill from Merrill arrived in the hall, accompanied by a young man of similar age!

“Donnie, let me introduce to you, this is the son of Mr.

Sachs, Walter Sachs!”

Walter Sachs politely shook hands with Donnie, “Mr.

Block, I’m terribly sorry.

My father is getting on in years and tonight’s occasion doesn’t suit him well.

Before I came here, he made sure to ask me to extend his sincerest apologies to you!”

Walter Sachs was quite surprised by Donnie’s youth; at just over twenty years of age, he had already reached such a level of wealth, and one could only imagine what his future achievements might be.

Of course, for Walter Sachs, this was not the most important thing—he was very confident in himself and believed he could lead Goldman Sachs to become a behemoth on Wall Street.

Wall Street was already aware that Seymour Sachs was preparing Walter Sachs to take over and continue to lead Goldman Sachs.

As a shareholder in Goldman Sachs, Donnie’s support would be crucial for Walter Sachs to secure his position.

This was the reason Seymour Sachs sent Walter Sachs here.

“Mr.

Sachs is being too polite!”

Donnie said with a smile.

After exchanging pleasantries, George Whitney from Morgan, William Mellon from Mellon Bank, and Irving Young from General Electric also arrived at the party hall, naturally gathering together.

After praising the luxury of the Surf Hotel and expressing their intentions to vacation there in the future, like Donnie had done with the four major oil companies earlier, they discussed their common business ventures.

ABC going public!

“Irving, General Electric really has a keen eye.

Now many colleagues on Wall Street are praising it, considering General Electric’s early investment in Atlantic City Broadcast to be the most successful investment of the century!”

It was evident that Walter Sachs had a good relationship with Irving Young; upon seeing him, Sachs teased him, though his jokes were laced with envy.

General Electric had invested $10 million in ABC, which was still Atlantic City Broadcast back then, for a 30% stake.

Just a little over a year later, ABC’s valuation had already reached $60 million US dollars.

That meant this single investment had yielded a sixfold return for General Electric.

Such an investment was something to be proud of for any company.

As the main orchestrator of this deal, Irving Young was naturally held in even higher regard within General Electric.

At this moment, it was impossible for Irving to play coy!

“Haha, actually, I still get chills thinking about it.

If we had accepted Westinghouse’s investment back then, I don’t know how I would’ve faced the board’s censure!”

George Whitney also laughed, “I don’t know about the others, but I would definitely advise our board to seriously question why you didn’t agree to Donnie’s terms back then!”

Irving said, “That’s why I said thinking back on it still scares me.

I really worry that the board would confront me at home!”

“Now that we’re all partners, I hope to hear even better news from the NYSE next month!”