Black-Haired Genius Chaebol - Chapter 345
Only Krnovel
Episode 345: Will Lloyd’s Insurance Disappear?
David Sassoon’s temporary office.
The Shard, the tallest building in the City of London.
It is a 95-story skyscraper that is approximately 310 meters tall.
David Sassoon’s temporary office has taken up residence on the 90th floor.
David Sassoon, standing by the window and looking out at the city view, took out a cigarette he had quit for the first time in a long time and put it in his mouth.
I debated whether or not I should light a cigarette, but in the end I just lit one.
Hook, the dizzying sensation of the nicotine coming in made my head feel fuzzy, but that relieved the tension.
‘So, in the end, we’re back out again?’
The Sassoon family, lesser known than their ancestors, has been closed to the world for 75 years.
‘I think it was when the Chinese Communist Party came to power.’
Although he liquidated all his businesses and holdings in 1949, some of his descendants continued to run small investment firms in Hong Kong and England.
I wanted to object, but where would a bloodline with such a strong obsession with money go?
So I didn’t object.
However, after Hong Kong was returned to China, the Sassoon family’s prestige gradually declined, and now most people do not know what the Sassoon family is.
It was crucial that China thoroughly covered up information about the Sassoon family, the masterminds of the Opium Wars.
It was okay though.
‘That’s not good history. It’s better not to know.’
Sometimes, when people would brag about the Rothschild family being the richest people in Europe, I wanted to ask them, “What are those guys doing?”, but I would just laugh it off bitterly.
If we pretend to know each other, we have to chat for a long time, but time has already passed enough for a generation to disappear.
‘That’s just a loser’s whining.’
And then there’s Bill Brown, who recently showed up.
At first I was confused.
I even thought he might be crazy.
After acquiring a failing investment company in Hong Kong, he stuffed all the shares of Chinese state-owned enterprises held by the American Ellis Corporation into the investment company.
Now, if the announcement were made, it would be enough to confuse investment firms around the world, from Wall Street to Citi.
‘The most embarrassing thing is probably the Chinese Communist Party.’
So far, they have been selling off all the shares at a low price and leaving China, so wouldn’t it be a shame to just watch and suffer?
‘Timing is an art.’
The Chinese government cannot just sit by and watch state-owned enterprise shares being transferred to Ellis, but it would also be unacceptable to object if it becomes an obstacle to attracting foreign investment.
Now that the Chinese economy is back on its feet, it will bring enormous wealth to Ellis.
Externally, it would be Sassoon Investment Corporation.
‘Only those who know will know this.’
Bill Brown said he would use Sassoon’s name as is.
History repeats itself.
How about going back to the days when the old Sassoon family ruled China via England and India?
ha ha ha.
Suddenly laughter erupted.
Isn’t that funny?
Starting with the City, expanding through Ellis Corporation India and then to Hong Kong, it was very similar to the old Sassoon family.
The only difference is that while in the past the British Empire was behind the Sassoon family, this time it’s Bill Brown.
dripping.
And the Sassoon family’s origins date back to HSBC’s takeover of the City.
“Come in.”
The person who opens the door and comes in is Noel Quinn, CEO of HSBC UK.
“Yes, BlackRock and Leesang Insurance Group have joined.”
“Yes. Especially after Leesang joined, other EU banks came to join.”
“That’s good.”
“Then, we will begin the search in earnest.”
“We don’t have to come out yet.”
“then…….”
“It will come to you on its own. Just wait and you’ll know.”
“yes.”
“Don’t be too relaxed from the start.”
“yes.”
David Sassoon patted Noel Quinn on the shoulder affectionately.
Now it’s time to replace the heads of the brokerage firms that are at the heart of the Lloyd’s insurance market.
Because it is not a listed company, it becomes a creditor.
Before that, the brokerage firm must be driven to the brink of bankruptcy.
Then, the creditors are called together and begin work on improving the company’s constitution.
Noel Quinn said, rising from his seat.
“Then, let’s go out and meet the rest of the creditors.”
“Just wait a minute. Bill said he was coming.”
“Oh, is that so?”
“Let’s have dinner together.”
“Then I will wait.”
Noel Quinn takes his seat again.
Bam.
The door opened and a confused figure appeared.
It wasn’t the long-awaited Bill Brown, but John Harley and Glag Case.
John Harley tilted his head.
“Why isn’t Bill Brown here? He should be here.”
David Sassoon’s cheek twitched.
“When you come to someone else’s office, you should be polite first. Don’t you know that because you’re an American country bumpkin?”
“what?”
“It means to be polite.”
“Huh~ Is this what you call a family tree?”
“Hello,”
Glac Case stopped John Harley.
“That’s harsh. No matter what, they are the Sassoon family.”
“What about the Sassoon family? To me, they look like old dogs trying to devour the city.”
David Sassoon chuckled.
“Yes, dogs. It was like that before and it is like that now. We are hunting dogs. Dogs that risk their lives to bite when their master tells them to. Yes, that’s right. We are dogs. But what should I call you? A little rat that preys on someone else’s granary?”
“Huh! I guess all those years weren’t in vain. I see that your mouth is still alive.”
“Don’t worry. I’m still capable of using my head. It doesn’t take much effort to catch a rat.”
Whoa, whoa, whoa.
Noel Quinn intervened in the middle to try to stop Harley’s rampage.
“Hey, calm down. This is clearly someone else’s office. If you’re here, you should first state your purpose. Why did you come here?”
“Purpose? But first, I’m curious about David’s intentions. Is Bill Brown really going to roll up his sleeves and get involved in dismantling City?”
“The disintegration of the city?”
“Didn’t you know? Bill’s trying to completely destroy the city.”
“What kind of nonsense are you talking about? City is neither a company nor a building, so how can you possibly talk about dismantling or destroying it?”
“It’s frustrating. If all the companies leave the city, it will disintegrate and collapse. Don’t you know that yet?”
“Stop talking nonsense.”
“It’s frustrating. Then how do you explain the Somali pirates? Do you think Citi without Lloyd’s insurance would be of any benefit to bankers?”
“Pirates? You made those up.”
“No, yes, Somali pirates. We made them too. But we never asked them to seize ships and demand ransom. They’re not our kids. Then who else? Who else but Bill Brown? And that old man David Sassoon, who doesn’t even know that, is acting as Bill Brown’s protection fence.”
Hahahaha.
Suddenly David Sassoon started laughing.
As if John Harley’s conspiracy theory were true.
“It’s funny. It’s funny. Am I suddenly going to become Bill Brown’s mastermind? But what can I do? The opposite of what you think is true.”
“the opposite?”
“Yes, you idiot. It’s not me, it’s Bill Brown who protects me. I’m his loyal dog, as you said.”
“Lies, where did you get your eyes fooled?”
“Think as you wish, because you are free to think. But there is something you must keep in mind. You are finished.”
“Do whatever you want. Is it that easy? And I’ll show you who’s on the receiving end. Definitely.”
The moment John Harley turned around and pretended to chew something.
Clap, clap, clap, clap.
There was a person approaching from in front of the door, clapping his hands.
That’s Bill Brown and Prigogine, and who are you?
Bill took John Harley’s hand and said,
“This is so boring that it’s embarrassing to keep listening to it. I don’t know how you can write such boring novels. So I wonder if I’ll write a good autobiography in my later years.”
“Bill Brown!”
Bill Brown approached and whispered to Freedom beside him.
“Freedom, you clearly said we were watching the pirates’ backs, right?”
“That’s right. Alexander carefully hinted at the press, but now that I look at it, I guess there was no need to be careful. No one believes him.”
“Yeah. This is so disappointing. The Nigerian pirates need to start moving too.”
“It’s ready. Just start it and it’ll start right away.”
“Good. Then let’s get started right away.”
“okay.”
John Harley glared at Bill Brown, his teeth forced.
“Pirates, I thought it was you guys who did it.”
“Hey, that, that’s so frustrating. I’ve been saying this since a while ago. We kept leaking what we did to the press. I said everyone who needs to know already knows. Oh, that case, you knew about it, right?”
“of course.”
“See, I know the case. How come you don’t know? Oh, I see, you didn’t believe it even after seeing it. You thought, ‘This is a conspiracy’ and didn’t believe it. Oh, then you knew it and got hurt. This must be a little painful.”
“Bill Brown, the fight is not over yet. The stock price is going to go down and you’re going to have to give us a trillion dollars.”
“Oh, that?”
Bill shrugged his shoulders at John Harley.
“I’ll have to give it to you. It’s not like it’s a lot of money. But… … . In my opinion, by then, the name John Harley will no longer be in the city. Or will Lloyd’s Insurance disappear?”
“Lloyd’s Insurance cannot disappear.”
“Oh, of course the market is not disappearing. It’s just that the name has changed. To the Sassoon Insurance Market.”
“what?”
“Let’s go somewhere.”
Bill continued, a wry smile on John Harley’s face.
“Sell reinsurance under the name Lloyd’s Insurance. It will ensure that every ship is captured by pirates the moment it leaves port.”
“Do you think that’s possible? Then even Sasun insurance isn’t safe. I guess you don’t know much about pirates… … .”
Heh heh heh heh.
Freedom, who was standing next to him, couldn’t help but laugh at John Harley’s words.
“Oh, sorry. It’s funny to hear someone talking about pirates while writing a pen at a desk. Keep talking. I think I have some helpful advice.”
John Harley glared at Freedom, his teeth clenched.
“Controlling pirates may be possible now, but you will soon find out that it will be difficult.”
“Really? Bill, doesn’t Harley seem to know too much about pirates?”
“That’s right. But what about this? That’s why we only care about the pirates’ money exchange. Let them do whatever they want.”
“what?”
Bill Brown approached John Harley and whispered in his ear.
“Hey, Harley. That’s why I made a deal with the Americans. I bought some of the seas that they control.”
John Harley’s eyes grew so wide in shock that he could not open them any further.
“Buy the sea?”
“That’s right. Now, we’ll protect the ships that sign up for Sassoon’s insurance. And the pirates will protect the ships that sign up for Lloyd’s insurance. It’ll cost some money, but don’t you think the game’s going to get really fun from here on out?”
John Harley staggered for a moment, his legs giving out.
“You’re crazy. You’re really crazy.”