Chapter 23

Chapter 23 The Mellon Family

The Woolworth Building is an old building.

This building was built in 1913 and has a history of 87 years.

The building was financed by Frank W. Woolworth, founder of the Fifty and Dime grocery store.

The total ground height is 57 floors, Gothic style, somewhat similar to the Empire State Building. The Empire State Building is getting bigger and bigger and remains a symbol of New York.

The Woolworth Building was not so lucky. It was the tallest building in the world when it was built.

After being the tallest building in the world for thirteen years, the title no longer belongs to it.

Like many other old businesses or buildings. The builders of the Woolworth Building were the Woolworth family.

From now on, the ownership of this building no longer belongs to the Woolworth family.

Current ownership of this building.

12% held by Merrill Lynch,

28% is held by Goldman Sachs,

30% owned by Wells Fargo,

About 10% is held by minority shareholders.

The remaining 20% ​​belongs to Abel Smith. This is also the reason why "Smith Capital" will operate in this building.

Because part of this building belongs to its owner.

These activities of the Woolworth Building began in May this year.

Abel bought it from two banks and cost him $300 million.

To put it another way, the Woolworth Building is currently worth nearly $1.5 billion. In fact, the building itself is worthless. What is valuable is the land and its historical and cultural value.

The 87-year-old skyscraper is an old building, though not dangerous.

This building and many others from roughly the same period became one of New York's historically protected buildings in 1995.

That is,

Even if someone buys the entire Woolworth Building with 100% equity. If you want to demolish it and rebuild it, that is not allowed.

Because it is a historically protected building.

Of course,

Whether this person has access to the city council and other relevant connections, whether this person is approved or not.

It's the Empire State Building, you can push it as much as you want.

Smith Capital is located on the 33rd floor and is the only firm on the entire floor. The area of ​​this floor is 8,000 square feet, probably less than 800 square meters.

During the day, all staff showed up on time.

This place can accommodate 120 employees of Smith Capital, working here.

now, it is night,

Most employees have left their jobs.

But there are security guards outside the door and there are also people working in the agency. After joining the company,

Abel knew the way well and quickly arrived at the company's "SafeHouse", a safe haven.

The hideout is a house specially designed by many financial companies.

Financial executives entering the hideout will have all communication tools confiscated and their entire bodies subject to security checks.

Once they move in, they are not allowed to leave until the work is completed.

Back when they were trading. Every day, there will be experts preparing food, doing housework and other cleaning tasks for them.

The job of these traders is to follow orders and operate or set certain investment goals for a certain period of time.

The Smith Capital shelter, which already has eight employees, has been there for a week.

Long before he went to Texas, these people went there.

Outside the shelter there are four security guards. Except for authorized people, they can enter and exit freely.

others, etc.,

It doesn't matter if it's an insider or an outsider.

No entry or exit is allowed.

In addition to the four bodyguards, when Abel arrived, there was also a blond man in his thirties lying on the sofa resting outside.

The blond-haired white man was lying on his stomach and sleeping soundly. After Abel entered, he did not enter the hiding place.

He walked straight to the sofa, raised his hand and aimed at the blond man sleeping soundly on the sofa.

There was a loud bang.

Slap really hard,

Slapping the white blonde girl's ass.

"FXXK! FXXK!! and %*."

There was some swearing in English and I was badly affected in my sleep. The white man with blond hair suddenly jumped out of his chair, smiling.

Wait until it's clear that the person who hit him was Abel Laughing.

This guy stopped speaking broken English, rubbed his butt and complained:

"FXXK!" Can't you be more gentle?

I just dreamed about Marilyn Monroe, I was about to be happy with her, but you woke me up! "

Abe said: "Do you want to have fun with Monroe? It's simple, I will take you to Pierce brothers Tay Lam village."

The blond-haired white man frowned:

"Pierce Xilin Brothers Village?" What do you mean? What does this have to do with Marilyn Monroe? »

Abel glanced at him, ignored him, but let his bodyguard Edward follow him and said:

"Edward, come tell us, dear David, how Pierce Brother Xilin Village is related to Monroe."

"Ah" the corner of Edward's bodyguard's mouth twitched, he looked at David with curious eyes.

He said helplessly:

"The relationship between the Pierce brothers, Xilincun and Monroe, is.

This place has the grave of Marilyn Monroe and many older Hollywood stars. "

David Mellon was surprised and then called "FXXK." Pierce Brothers Xilin Village is the name of a cemetery.

The full name is Pierce Brothers Xilin Village Memorial Cemetery, located in Los Angeles.

After the episode,

David Mellon, managing director of Smith Capital, arrived at Abel in a good mood.

"It's about time, isn't it? Otherwise, it wouldn't be easy to invite you to the company!"

"Yes. It's time." Abel smiled back and looked at David Mellon.

David Mellon, his last name indicates his connection to the Mellon Corporation, one of the ten largest corporations in the United States.

David Mellon's great-grandfather was one of the protagonists of a famous nursery rhyme during the first Great Depression in the United States.

The content of this rhyme is: "Mellon whistled, Hoover rang the bell. Wall Street sent a signal, America is rushing to hell!"

Mellon in this rhyme refers to Andrew Mellon, then head of the United States Treasury. David Mellon's great-grandfather was Andrew Mellon's son.

In other words, David Mellon is the son of Andrew Mellon's great-grandson.

Meaning, David Mellon is now a member of the Mellon family.

It's just that the current Mellon family is no longer as terrible as before.

When the powerful Mellon family, Rockefeller, Mr. Gen and others had not yet stood up. But that was before.

The Mellon family has now lost the status it once had.

Although the name of the Mellon Corporation is still called Mellon, in reality the Mellon family no longer holds a dominant position and is only a part of the corporation.

And after more than 100 years of breeding, there are now more than 200 direct descendants of founder Thomas Mellon.

Collateral descendants are estimated to number in the thousands. There is no longer a mainstream to hold the wealth, the wealth has been divided over many generations.

There is no longer any Mellon who has too much influence over America today.

Of course, their ancestors were very rich.

Although Mellon is not as good as before, it has more than 200 direct members and maintaining a rich life is not a problem.

Some relatively strong affiliates remain billionaires and are part of the Mellon group. For example, David Mellon's affiliate still owns some shares of Mellon Financial Corporation.

And his father is also a member of the Mellon group and has a certain status.

(end of this chapter)