Creating an Industrial Empire in 19th Century Parallel World



Five hours later, Poul and Jonathan made their way back to the main office. Taking their seats around the polished mahogany table, they prepared to finalize their vision for the future. Meanwhile, Amelia swiftly picked up the phone to make an important call.

"Mr. Morgan is on the line, Mr. Nielsen," Amelia announced, her voice carrying a note of formality.

With a nod of gratitude, she handed Poul the telephone. Poul cleared his throat and composed himself before speaking.

"Mr. Morgan, it's Poul Nielsen. Thank you for taking the time to speak with me," Poul greeted with a polite tone.

"I hear you," Morgan replied, his voice carrying a mix of curiosity and mild annoyance. "What's the purpose of this sudden call?"

Poul took a deep breath, preparing to deliver the news that would reshape their companies and their partnership. 

"Well, we've been contemplating a major overhaul in the operations and organization of our companies," Poul explained. "As our esteemed angel investor and valued partner, we believe that it is crucial to involve you in this important decision-making process."

"This kind of discussion shouldn't be discussed over the telephone," Morgan chided lightly. "But regardless, I'm intrigued by your proposal. So I'm all ears." 

"Fine…so we are thinking of merging all of our subsidiaries into one single entity," Poul began. "A corporation."

Jonathan leaned forward, his eyes shining with anticipation. 

"Yes, a corporation that would harness the collective strength of our companies and unlock unprecedented growth potential. By merging our subsidiaries, we can streamline operations, eliminate redundancies, and create a unified brand that will dominate the market."

Morgan listened intently, his initial annoyance giving way to genuine interest. 

"I must admit, Poul, the idea has its merits. A unified corporation could provide economies of scale, increased market share, and a stronger competitive advantage. But how do you envision this merger taking place?"

Poul paused for a moment, gathering his thoughts before responding. "We propose conducting a thorough due diligence process to assess the viability of the merger. This would involve a comprehensive review of each subsidiary, analyzing their financials, operations, and market positioning. We would then identify areas of synergy and create a strategic roadmap for integration."

Jonathan interjected, his voice filled with conviction. "We have already conducted a preliminary analysis, and our teams are confident that the merger would result in substantial cost savings, improved efficiencies, and enhanced market presence. Together, we can achieve economies of scale, invest in cutting-edge technologies, and solidify our position as industry leaders."

"As of now, the Axelsen & Nielsen Company has 8 subsidiaries. The Air Brake Company, Union Switch and Signal Company, Arms Manufacturing Company, Automobile Company, Oil Mining Company, Steel Manufacturing Company, Electric Manufacturing, and Distribution Company, and the newest Radio Manufacturing and Broadcasting Company."

Morgan nodded, acknowledging the subsidiaries Poul listed. "I see. Consolidating these diverse entities into a single corporation would certainly present unique challenges. Each subsidiary operates in a different sector, with its own specific dynamics and market conditions. How do you propose to navigate these complexities?"

"We are aware that merging such diverse subsidiaries will require meticulous planning and strategic execution. Our approach is to leverage the expertise of our leadership teams within each subsidiary. We will appoint integration managers who will work closely with the subsidiary heads to ensure a smooth transition and minimize any disruption to ongoing operations," Poul said.

Amelia interjected, her voice exuding confidence. "Furthermore, we have identified key synergies among the subsidiaries. For instance, the Steel Manufacturing Company can cater to the infrastructure needs of the Oil Mining Company. By capitalizing on these synergies, we can create cross-selling opportunities, expand our market reach, and maximize the value of the merger." 

"Is that Ms. Weiss, who spoke?" Morgan asked. 

"That's correct, Mr. Morgan. And yes, that's one of the synergies identified during our analysis," Poul confirmed.

Morgan nodded, impressed by the team's foresight. "Very well. It seems you have considered the complexities of this merger thoroughly. But what would be the structure of this new corporation?"

Poul responded. "We propose establishing a centralized executive team that would oversee the overall strategic direction of the corporation. Each subsidiary would maintain a level of autonomy, headed by its own management team. Those who will head the subsidiary are the ones who have experience working in the specific industry. So far, we are the ones that are managing all of the subsidiaries and we already have a list of candidates capable of running the subsidiaries that we gathered two hours ago."

"I understand the need for maintaining autonomy within each subsidiary, especially considering the expertise required in their respective industries. It's encouraging to hear that you have already identified potential candidates to lead each subsidiary. This will help ensure a smooth transition and continuity in operations. However, have you thought about the governance structure of the new corporation?"

"Indeed, Mr. Morgan. We propose establishing a board of directors for the new corporation that would include representatives from our companies as well as independent members with industry expertise. This diverse board would provide strategic guidance, ensure accountability, and safeguard the interests of all stakeholders. And since you and Lady Dupont have invested in our enterprises, you will have a seat on the board as well," Poul replied.

"What will happen to our shares in the subsidiaries that we have invested in?" Morgan knew the answer to this question but he wanted to test whether Poul or Jonathan knew it.

Poul and Jonathan exchanged glances before answering. 

"Rest assured, Mr. Morgan, your shares in the subsidiaries will be converted into shares of the new corporation on a pro-rata basis. The value of your investment will be preserved, and you will continue to hold a stake in the unified entity. We want to ensure that all investors, including yourself and Lady Dupont, benefit from this merger," Poul explained. "After all, we wouldn't be where we are now without your support." 

"I will send my team over to your office to review the details of the merger proposal and conduct our own due diligence," Morgan said.

"Very well, we will be waiting for your team's arrival," Poul replied, a sense of relief washing over him. The fact that Morgan was willing to send his team to review the merger proposal and conduct due diligence indicated a genuine interest in the idea. Poul knew that this was a critical step towards turning their vision into a reality.

As Poul ended the call, a wave of excitement and anticipation filled the room.

"I think Mr. Morgan agrees with the rebranding of our companies," Jonathan remarked. "I will inform Caroline later myself. What do you think she'll think about this merger?"

Poul pondered Jonathan's question for a moment, considering the perspective of their long-time ally, Caroline Dupont. He knew that Lady Dupont had been instrumental in supporting their ventures and had a keen eye for business opportunities.

"I believe Lady Dupont she'll go along with it," Poul replied, his voice filled with confidence. "Not to mention, she is your future wife and someone who shares our vision for growth and innovation. She has always been forward-thinking and supportive of our endeavors. I believe she will recognize the tremendous opportunity this merger presents and the long-term benefits it can bring to our companies and our partnership…from a business standpoint of course."

"Hmm…well, does this conclude our meeting?" Amelia asked.

Poul glanced at his watch and realized how time had flown during their discussion. He nodded in agreement.

"Yes, I believe we have covered all the key points for now," Poul replied, a sense of accomplishment evident in his voice. "We have laid the foundation for our vision, and presented the merger proposal to Mr. Morgan, and he has expressed genuine interest in further exploring the possibilities. Now, it's time to wait for his team's review and Caroline's decision. Oh before you go, Jonathan, is there a project that you are working on?"

"Currently, I don't have one, why?" 

"Well, I'm thinking, maybe this is the right time that we introduce it?" Poul asked cryptically. 

"I don't get it, what are you referring to, Poul?" Jonathan asked, his curiosity piqued.

Poul leaned back in his chair, a mischievous smile playing on his lips. He knew he had caught Jonathan's attention.

"You remember when we first arrived in New York and you wanted to build a skyscraper in Manhattan?"

When Poul said that, Jonathan's eyes widened with surprise and excitement. Memories of their early dreams and aspirations flooded back to him, and he couldn't help but lean forward.

"You mean the Empire State Building?" 

Poul nodded, his smile widening. "Exactly. The time might be right to revisit that idea, my friend. With the resources we have at our disposal we can turn that dream into a reality." 

"What's the Empire State Building?" Amelia asked.

"It's a skyscraper that we are planning on building sometime in New York. It will be the tallest in the world, even taller than what we have right now here in Pittsburgh," Jonathan answered.

"I see…I can't wait to see it then," Amelia said. 

"Well, Poul, give me two or three years. I will build that Empire State Building." 

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