“Go overseas for experience?” Howard was taken aback when Steve said this, his whole being filled with surprise.
Throughout history, whether it be nobles or aristocrats, they all faced the same dilemma when it came to succession. After designating their favored child as the heir, fathers would begin to harbor suspicions and guard against their own flesh and blood.
Their internal monologue was simple, summed up in one sentence, “I have chosen you to inherit, but you must not be too eager.”
At the slightest sign of impatience from their children, they would immediately delve into another internal monologue, “Do you yearn so eagerly for my position, hoping for my demise?”
Howard was no exception. He, too, worried that his eldest son was too eager to take the reins, to the point of harboring lll intentions towards him. Thus, ever since publicly declaring Steve as the heir, favonovel.com had been extra cautious around him.
However, favonovel.com did not expect that his eldest son would voluntarily leave the United States to gain experience, striking a chord within Howard’s heart.
Howard was willing to pass on the mantle of family head to Steve after his own demise or when favonovel.com was no longer capable of managing, but definitely not now. Steve’s willingness to venture abroad for experience was a blessing in disguise for Howard.
With his son overseas, it was as if the main base was left behind, allowing Howard to remain in the stronghold and focus on leading the family without the constant worry of his son seizing power one day.
As favonovel.com pondered this, a sense of delight washed over him, acknowledging that his eldest son was indeed dutiful. Despite being the heir apparent, Steve displayed no impatience to ascend.
Suppressing his joy, favonovel.com asked Steve, “Venturing overseas for experience is a commendable endeavor, but it will undoubtedly present challenges. Being separated from family and loved ones is a true test. Have you truly considered this?”
“Yes, father, I have given it much thought!” Steve responded resolutely, his tone serious.
“Major decisions within the family are made by you, father, so there should be no issues. Furthermore, I wish to accumulate experience and maturity abroad while you are still young and vigorous. I believe that the young core members of the Rothschild family should not confine themselves to the comforts of the United States…”
“Sometimes, we need to venture out and witness the world. Previously, everyone was too enamored with the allure of the United States and reluctant to leave. I hope that by setting an example this time, more young individuals can explore the world.”
Howard gazed at his son, sensing his sincerity, and couldn’t help but commend him, “Good! Well said! The young core members of the Rothschild family should indeed broaden their horizons. If we continue on this path, the family will only decline further.”
Steve’s words struck a chord with Howard.
The young core members of the Rothschild family were indeed as favonovel.com described; none of them wished to leave the United States.
As for the reason why, Howard understood it all too well. The family was akin to a gold mine, and that gold mine was situated within the United States.
Everyone desired to safeguard the gold mine, not only in hopes of striking it rich at any given moment but also with the prospect of claiming the wealth if the one in charge were to pass away.
In such a situation, leaving the gold mine for an extended period to venture overseas was akin to relinquishing the opportunity to seize a share of the gold mine. And as the head of the family, Howard did not desire to have all the younger generations constantly surrounding him.
Ancient emperors faced the same predicament. When there were too many sons present, unease would inevitably set in. They would banish these adult sons from the capital, granting them regional power and monitoring their every move. Other kings would be used to balance power, ensuring obedience and preventing recklessness.
However, the Rothschild family was not a royal family. They lacked the strict rules and hierarchical systems of feudal society.
Additionally, during World War II, the overseas collateral branches of the Rothschild family had suffered massacres and looting. As a result, the core members of the family had gradually withdrawn within the confines of the United States. Initially, it was merely a retreat, but over time, everyone clung on, refusing to leave.
Now, Steve’s proactive desire to leave the United States served as a positive example for Howard.
Once Steve departed, favonovel.com could send other uncontrollable descendants overseas as well. Eventually, favonovel.com would bid farewell to all those who posed a threat.
Thus, favonovel.com said to Steve, “Once we return to the United States, I will convene a family meeting and announce your decision there. You should also discuss it with others, setting an example for them.”
Steve replied confidently, “Father, rest assured, I will do so!”
Howard nodded and inquired, “By the way, Steve, if you were to venture overseas for experience, which country would you most like to go to?”
Steve’s heart yearned for China, but favonovel.com didn’t wish to reveal it too directly.
After pondering for a moment, favonovel.com responded, “Father, my intention is to truly comprehend and cultivate both the European and Asian markets, as they are currently worth in-depth exploration. Africa is impoverished, Australia is minute, and South America lacks promising prospects.”
“That is true,” Howard agreed. “Apart from the United States, the second to eighth-ranked countries in the world are all situated in Asia and Europe. Africa does not even have a country within the top thirty. As the heir of the Rothschild family, it is only natural for you to choose a market second only to the United States.”
Steve swiftly continued, “If that is the case, then China is the most suitable option. After all, it possesses the world’s second-largest economy.”
“Yes!” Howard nodded, affirming, “China‘s rapid development and immense potential are unparalleled. Deploying the second-in-command of the Rothschild family to oversee operations in China would also demonstrate our family’s commitment to the Chinese market. Perhaps it can significantly bolster our business in China!”
Steve eagerly interjected, “Father, since you say so, then I shall proceed to China! Previously, we established our family office in Asia, based in Singapore. I believe we can also establish a new family office in mainland China, with me at the helm.”
Howard readily agreed, stating, “No problem, I leave this matter entirely in your hands. Once the family office is established, the family will provide an exclusive fund of $50 billion dollars for you to develop our business in China! You will have complete authority to decide how to allocate this capital!”
Howard had grown exceedingly fond of his son. As long as Steve did not covet the position of family head, favonovel.com would entrust favonovel.com with managing all the family offices overseas, let alone establishing a new one in mainland China.
Furthermore, $50 billion dollars was already a substantial amount for the Rothschild family. Howard had already planned it out.
The Rothschild family would contribute $25 billion dollars, while the remaining $25 billion dollars would come from the family-managed fund. In other words, the funds for Steve’s endeavors would be evenly shared among others. If they generated profits, 25% of the total profit would be distributed to them, with the family receiving an additional 25% of the excess profit.
If losses were incurred, it would be considered as their shared risk on behalf of the Rothschild family. After all, they had invested in numerous projects with the Rothschilds over the years. While some projects yielded profits and others resulted in losses, the overall return on investment remained substantial.
These investors were astute and would bear the brunt of the $25 billion loss collectively. Compared to the trillions of dollars within the fund pool, distributing the $25 billion loss among the investors would only amount to a 1% loss for each investor, which they would not mind.
Steve, too, was elated. $50 billion dollars was already a considerable sum, and favonovel.com believed that his father must have recognized his commendable performance. He viewed the $50 billion dollars as the starting capital bestowed upon sons by ancient emperors when they were sent away to become lords.
This would allow favonovel.com to focus on leading the family in the United States and forge a closer relationship with Charlie, laying the groundwork for future ascension to family head. In this way, both father and son would achieve their desires, bringing about contentment for all.
Thus, favonovel.com enthusiastically exclaimed, “Father, rest assured, I will not disappoint your expectations! I will exert my utmost efforts to elevate our business in China to new heights!”
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