The Industrial Giant Reborn.

Chapter 403 Infighting Disney
"Okay, let's try it first, but if I do this, won't Morgan Stanley be anxious too?" Chen Zhiwen said with a smile.

In many acquisitions, how much money is actually spent may be second. More importantly, many things need to be negotiated during the acquisition, so as to facilitate better cooperation between Feilai and the two parties, so as to ensure that the acquired party will receive funding in the future. It can develop at a high speed, or the acquired company can reverse support the parent company in some way, etc.

No matter what the purpose of the acquisition is, the premise of everything is to ensure that the development can be carried out according to the expected plan after the acquisition. This is the most important point for a large company. Otherwise, if they cannot cooperate after the acquisition, it may lead to more serious problems. loss.

The same is true for Chen Zhiwen, the time traveler. Disney's huge influence is actually seizing various opportunities. Therefore, he needs the future Disney to obey him. There is too much influence in people's minds, and it may not hinder him as the boss in the future, but it may affect or even delay his plans. Therefore, these people must go.

For a traditional company, especially a company in European and American culture, the deep-rooted management can cause a lot of trouble to the boss.

"Of course, it's just playing hard to get. If you really don't want to buy it, we can't force you to buy it." Henry Morgan said with a smile.

"Well, you should communicate with the members of the Disney family first. I know they are not short of money, but there is no harm in having more, otherwise I will not buy it, and Disney may not last for a few years." Chen Zhiwen nodded and said.

Although historically Disney began to turn around a few years later, it is really hard to see now. The entire Disney is in decline, and the economy in the United States is not so good. The two parks suffered serious losses, and film investment also failed many times. The entire group is heavily indebted.

Otherwise, Chen Zhiwen, a Chinese, would not have had the opportunity to buy it.

"Everyone, you have to think about it carefully. My client has made it clear that he needs a company with only the [Disney] name, not Disney managed by a bunch of people from the Disney family." A conference room, Morgan Stanley Jim Hughes, Vice President of Investment, looked at the group of people in front of him and said.

"Is this looking down on our Disney family?" A middle-aged bearded man said angrily.

"This is not to look down on or look down on, but to the company's business." Jim Hughes glanced at the middle-aged man, and said calmly: "Besides, with Disney's current situation, I think Mr. It won’t be where it is now.”

This sentence poked the pain in the hearts of all the Disney people present. They are indeed far inferior to the founder of Walt Disney. It's getting worse.

"So, let's just ask, what kind of conditions do you want before you are willing to quit the company? If the negotiation fails, my client will abandon this acquisition plan." Jim Hughes said again.

"Just because of this, you gave up such a big acquisition?" A major shareholder representative frowned and asked. He is a representative of the American coal workers' retirement fund. A long time ago, the coal union was powerful, but it has gradually declined over the years. , For them who need to pay a lot of retirement wages, they can only count on various investments to make profits. They invested in Disney a long time ago, but now the stock value is getting lower and lower, but as major shareholders, it is difficult to cash out , Once the news comes out, it will inevitably cause the stock price to crash, and the final loss will be even greater.

But now, suddenly an overseas "big guy" appeared, and the senior executives of the coal fund were very happy. Now not only can they cash out, but they can also make more money. After all, if they buy, there will be a certain percentage bonus. It's a pity that the other party made it clear that they wanted to buy it in good faith. Otherwise, if they were malicious, they could have sold it to the other party in advance at a higher price.

In order for this matter to be successful, the coal union fund also used its own influence to promote this matter. Now that it suddenly heard that the deal might be cancelled, it was naturally anxious.

"My client made it clear that they must obtain all the management rights of Disney. Some of the management present can continue to guarantee their current positions, but those who don't need it need to leave, but there will be corresponding compensation. said Jim Hughes.

In fact, he also understands that when acquiring a large company, unless it is in the same industry, under normal circumstances, the original team is required to continue to manage it, unless it is too bad.

However, Disney’s management should not have reached this level. He talked with Chen Zhiwen and got the news that after the acquisition is successful, other professional managers will be invited to manage it. In this case, he can only implement it according to the customer’s requirements. .

"Doing this is clearly destroying the Disney company. Does your client want the company that spent so much money to buy it to go bankrupt immediately?" The current CEO Ron Miller said with a frown.His surname is not Disney, but he is Walt Disney's son-in-law. After Walt's death, his son originally took over the company, but the business became worse and worse. The subsequent internal family struggles were finally handed over to him. As far as he is concerned, he is better than others, but obviously he still can't control the Disney company.

However, he also does not want to leave his current position, which has nothing to do with money.

"My client has many industries in the United States, and you all know his details. Costco and AMC have developed very well. Although I don't know what he will do in the future, but his success before, I have no idea. Reasons not to believe him, besides, even if the business is not good, it is my client's business." Jim Hughes said.

"I'm sorry, we will not agree to such a request." Ron Miller refused.

"That's right, so you officially reject this acquisition plan?" Jim Hughes looked at several representatives of major shareholders and said with a smile.

"Wait a minute." The representative of the coal union said quickly, and at the same time looked at several Disney members, and said, "Several, your management cannot represent our board of directors, let alone other shareholders."

"I agree." Another shareholder representative also raised his hand and said, while the others nodded in agreement.

Ron Miller's face is also very ugly. Although under normal circumstances, the board of directors will not interfere with the management, but the board of directors or the general meeting of shareholders has the final say on large investments, large company development plans, or the current situation. This is a modern Fundamentals of business law.

"Sorry, my client has a special status. He doesn't want to have too many conflicts with companies in the United States. If you don't agree, then we have to stop and we give up the acquisition." Jim Hughes said again.

"Mr. Miller, since the current situation is like this, I think everyone should take a step back? If you are really capable, you will not let Disney go to where it is today, and no one will buy it." Coal Union The representative said in a calm tone that they didn't want to make it too complicated, they just took the money and left.

"I know that Disney made a lot of mistakes in the past ten years, but since Disney's stock price has fallen a lot today, even if you sell at a premium at this time, you will still lose money relatively. It's better to wait. The US economy is now It is also improving, and I think Disney can also recover." Facing the culture of several major shareholders, Ron Miller could only say softly.

"A little loss is better than nothing." Another major shareholder said: "Disney's current problem is not that the US economy is bad, but that it has no direction at all. The Mickey Mouse brand is no longer recognized by young people. Disneyland needs hundreds of millions of dollars in maintenance costs and hundreds of millions in various labor and program expenses every year, but the number of people entering the park every year is getting smaller and smaller. This has nothing to do with the oil crisis. It was already like this 73 years ago. Two years of oil prices have ended, and they haven't improved. Don't say it's a big environmental problem. There are many people in other parks.

As for your next wish to make a film and enter Hollywood, you have spent hundreds of millions of dollars in the past ten years, but nothing has been produced, so I will not talk about the past. Can you tell me a direction that can make Disney develop again in the future? "

"." The few Disney families who couldn't answer the question were a little embarrassed, but Jim Hughes on the side saw the dawn of hope. As long as they provoke shareholders, this group of management actually had no choice. In Walt's hands, for the sake of rapid development, especially the construction of two large-scale parks, too many shares were diluted. Today, the Disney family's shares account for very little.

"Well, Mr. Miller." The representative of the coal union said: "You said that your Disney family is confident in running the company well, so let's make a bet. If the acquisition fails because of you, can you set the goal for three years?" , Disney’s stock price has risen by 3%, if it fails to reach, we will set a quota, let’s say 50 million US dollars, your family needs to compensate our shareholders.”

"How is this possible? It's totally unreasonable," said a member of the Disney family.

"It seems that you don't have enough confidence in yourself." The representative of the coal union said with a smile, "If that's the case, then we should hold a general meeting of shareholders. Let's talk about the shares."

Jim Hughes was satisfied, and then said: "It is natural for the general meeting of shareholders to agree, but our requirements will not change."

"Don't worry, if the general meeting of shareholders passes it, whoever opposes it will be dismissed." The representative of the coal union glanced arrogantly at the members of the Disney family, and the meaning was already obvious.

Ron Miller also frowned. In the past, when the company was operating normally, even if the profit was poor or even a loss, the holding of the general meeting of shareholders would not have any impact, because the oil shareholders had no choice. Even if they wanted to remove the current management, they would Who should I go to again?

Several major shareholders belong to large foundations, and they only care about the income and will not intervene in management. But now that there are people buying, these people have a choice, and when they get a lot of cash immediately, the management is useless.

Two days later, on a Rolls-Royce, Jim Hughes took out an envelope and said to the people around him: "Mr. Andlin, thank you for promoting Disney's shareholder meeting. This is our heart."

"Thank you very much." Andlin said with a smile: "Actually, I did what I should do. Our coal labor union also urgently needs a sum of money, and the current Disney Group is completely controlled by a group of trash. For us said it was in our best interest to sell Disney."

After speaking, he opened the envelope, and inside was a check. After seeing the 6-digit number on it, he smiled with satisfaction.

"It doesn't matter, it's best for everyone to get what they need, but the coal union is the coal union, and you are you, aren't you?" Jim Hughes said with a smile.

(End of this chapter)