Damour Bral countered with a somewhat assertive question: "Mr. Warburg, do you think this decision is wrong?"
Wrong?
Paul Warburg wasn't sure how to respond to the two of them.
From the perspective of the company's interests, introducing Venus Bank into Gordon-Blalock Securities was undoubtedly beneficial. But on a personal level, Paul Warburg simply felt unhappy.
Previously, Gordon-Blalock Securities' largest client and main pillar of support had always been the Kuhn, Loeb & Co. consortium. In other words, even though Kuhn, Loeb & Co. didn't hold significant shares in Gordon-Blalock Securities, Paul Warburg was still able to command Shaw Gordon and Damour Bral.
Now, however, with Venus Bank onboard, tying the New Jersey Consortium to their ship, Kuhn, Loeb's role at Gordon-Blalock Securities was no longer indispensable.
This sense of psychological disparity was the core reason behind Paul Warburg's unhappiness.