"I'm glad that there are so many new faces on our board," said Yamonhammer, who happily greeted the new members at the first regular meeting of the board after the shareholder reshuffle, as Seryosha's family and friends joined the board of directors of Occidental Petroleum as family and friends entered the board of directors.
As the founder of a large industrial conglomerate, Hammer has worked in the shopping malls of the United States for many years and has a wealth of contacts and connections.
And the best thing about Hammer is his ability to deal with people.
He was a close friend of Lenin and maintained good relations with every Soviet leader, including dissidents like Stalin and Khrushchev, and at home Hammer was a frequent visitor to the White House.
It can be said that Yammon Hammer is one of the few figures in the world who can freely roam both sides of the Iron Curtain, and even in China, which disagrees with the Soviet Union, Hammer maintains a fairly good relationship with the Chinese leader.
With the vast background of Western oil companies and the social influence of Hamer, no one dared to provoke him, even at a time when McCarthyism was in full swing with a WG similar to the United States.
For the board of directors suddenly joined these powerful investors, Hammer is happy from the bottom of his heart, Bank of Colombia has recently made frequent moves in the market, their strength is naturally not to be underestimated, and with a large consortium as shareholders of large industrial enterprises such as Occidental Petroleum, Occidental Petroleum's financing can be more diversified.
Same-hearted is Hammer's personal investment fund, a powerful woman who has recently risen to the news in the American business world and is arguably the richest woman in the country, whose investments illustrate the attractiveness of Occidental Petroleum.
Monsanto is a long-established agricultural chemical company, their glyphosate and pesticides have always had a high share of the U.S. market, and Occidental Petroleum also has its own chemical division, and the two companies can complement each other in the chemical business, which is of great benefit to Occidental Petroleum Company, but it is the Mediterranean Shipping Company that makes Hammer happiest the most.
Occidental Petroleum has oil fields in the Americas, Europe, and Africa, and even in Asia, a coal business.
Even the layman can see how important ocean shipping is to a multinational company.
"Mr.
Hammer, you are an old-timer in the business world, we are very happy to be able to join the big family of Occidental Petroleum Company, for the development of Occidental Petroleum Company can be better, we have brought a proposal, we would like to discuss it at this meeting, and please be sure to give advice" Mikhail, who attended the board meeting of Occidental Petroleum for the first time, said first, and then his secretary put the proposal in front of each director.
But when Hammer saw the title of the proposal, he couldn't help but feel confused and angry.
"Proposal to terminate the acquisition of the Samoterol oil field" saw the headline, and the old members of the board of directors looked at each other, unable to understand why Bank of Colombia was doing this.
"Representative, can you explain the reason for your proposal?"
asked Amon Hammy in a calm manner as he calmly asked Mikhail "Of course, for the sake of Occidental Petroleum itself, our company's operating conditions are still very recognized, but the total assets of Occidental Petroleum are less than 20 billion US dollars, and the capital required to acquire the Samotrolol oil field itself is as high as 10 billion US dollars, which does not include the cost of the later development and transformation of the Samotrolol oil field, if the board of directors approves this plan, then the debt of Occidental Petroleum will exceed 150 to 200 percent, and thus from a high-quality enterprise to an insolvent enterprise.
As a director, I have an obligation to advise all of you to do what you can and not to be greedy and not to be greedy," Mikhail said unceremoniously.
"Representative, what do you call it?"
asked Yamonhammer quickly.
"You can call me Mikhail," Mikhail replied.
"Okay, Mikhail, do you know what level of oil field the Samotrol oil field is, he is the seventh largest oil field in the world, it is a super oil field comparable to the Saudi Arabian Ghawar oil field, and in terms of production, the Samotrol oil field even surpasses the strength of the Ghawar oil field.
If we allow this opportunity to slip through our hands, then we are giving up a major opportunity to become a world-class oil company," Yamonhammer explained to Mikhail.
Hammer and Mikhail then engaged in a fierce confrontation over the acquisition of the Samotrol oil field, and neither could convince anyone.
Yamonhammer constantly stressed the importance of the Samotrolol field to Occidental Petroleum's future development, while Mikhail kept mentioning that the acquisition would cause serious problems for Occidental Petroleum's financial situation and could drag the company into a long-term loss state.
Unable to convince anyone, Yamonhammer offered his chairmanship by asking all directors to vote on whether or not to put the proposal on the board's agenda, and Yammon hammer was the first to feast on the objections.
Many of Occidental Petroleum's long-standing shareholders have followed Yamonhammer in their opposition.
"I'm sorry, I don't want to be insolvent with Occidental Petroleum as soon as I entered the game," Eva immediately objected, siding with Mikhail's side.
"My client wants Occidental Petroleum to continue the strategy of operating safely in the past," the MSC representative also voiced his objections to Yamonhammer.
"We at Monsanto don't want Occidental Petroleum to adopt an overly aggressive business strategy, not to mention that the target of this acquisition is located in the Soviet Union, and the uncertainty is too great, so I'm sorry Mr.
Hammer" Karim also stood up against Hammer's acquisition plan.
Forty-seven percent of the shares were on the side of Hammer, and then KKR also announced that it would ask the board of directors to abandon the plan to acquire the Samoterol oil field, because KKR's participation in the plan to snipe Occidental Petroleum was financed by high leverage, and unless Occidental Petroleum was willing to use its own cash flow to fill KKR's shortfall, KKR would lose a lot of money on the business, and KKR's main source of funding was Bank of Colombia.
They rightfully sided with the Bank of Colombia.
Yammer came back to his senses, these investors from the United States and Europe seem to have bad intentions, they won't have colluded to swallow the Western Petroleum Company long ago Hammer got up from his chair, pointed at them with a trembling hand, and then nodded resentfully, wrote down the account, and then left the conference room without saying a word.
Hammer knew in his heart that he had planted himself this time. t1706231537: