America’s Road To Wealth

  Chapter 244 The Rotation System and the NBC Television Network

   Who can become the first CEO of Smith Media.

   Now, this has become the most concerned thing for everyone at the meeting.

  But what Abel announced next surprised everyone.

  For Abel said:

  "In view of the fact that Smith Media appeared for too short a time, and there was no connection between the internals before that."

   "So I thought and thought, and finally I decided to implement a rotating CEO system in Smith Media."

  The term "rotating CEO" surprised everyone.

   This is a term that is very new in the American business world and no one has heard of it.

   "Papa~"

  Abel clapped his hands lightly, and someone from the advisory group came out and distributed several frivolous documents to several executives of the media group.

   "This is Smith Media's definition of "rotating CEO". You can take a look first." Abel said.

   It is about everyone's self-interest, and everyone looked at it seriously.

   file is displayed.

  Smith Media will select several rotating CEOs within the group.

  These CEOs are rotated once a year, and the rotating CEO is mainly responsible for the company's business management, strategic planning, and internal coordination.

   Everyone is unfamiliar with this system.

  Abel, who is in the main position, actually doesn’t know whether this kind of management system that has received very good results in the future Chinese high-tech companies and Internet giants can be implemented in the United States, or whether it is useful to implement it.

  This system first appeared in 2011 in parallel time and space.

   Appeared in Chrysanthemum, a high-tech enterprise with many businesses.

   This system has been used for several years, and it has produced very good results for the interior of the chrysanthemum.

   As far as Abel is concerned, if this kind of management system can be implemented. For him, the chairman and his descendants, it is definitely the most suitable system.

   "Rotating CEO", to some extent, is a check and balance on the power of the company.

  The rotating CEO will not have great power over internal high-level personnel issues, thus reducing personnel corruption.

  In addition, this kind of system can also reduce the risk that the company will cause great losses to the company because of a problem with a certain person (mainly referring to the CEO), and the fate of the company will not be tied to a certain person.

   There is a typical example here, and the current president of Disney, Michael Eisner, is this example.

  ABC Disney Group can have the current scale and status.

  Michael Eisner deserves credit.

   It was Michael Eisner, who took over in 1985, that brought Disney to this level.

   Can be over time, in the past is very suitable for Disney's Michael Eisner.

   Now it is gradually unable to keep up with the progress of the new century.

  Typical parallel time and space, if not for the efforts of Robert Iger and others, Disney would have parted ways with 3D animation giants such as Pixar.

  If Michael Eisner could keep up with the times, he would not have stepped down in 2005 and let Robert Iger take over.

  In the years from 1998 to 2005, Disney made many mistakes because of Michael Eisner's decision-making.

  If it weren't for Disney's fate later, a Mickey Mouse Robert Iger came.

  Without Robert, whether Disney will be able to acquire Marvel or Fox will be a problem.

   This is a bit like many famous monarchs in ancient times.

  These kings were wise and decisive when they were young, and brought the empire or kingdom to its peak.

  If you don’t abdicate when you get old, many kings become fatuous and violent, and bring the empire or kingdom to the end.

  For a company, this rotating CEO system can largely avoid such personal losses.

  In addition, this kind of system can also avoid the problem that a group of backbones will be taken away due to the resignation of a certain CEO, which will seriously damage the vitality of the company.

  In addition, every CEO will work hard to pull the car and drive the company forward during the rotation period. If he goes astray, the next round of CEOs will correct the course in time.

  In this business management system, the rotating CEO is made up of a small team.

  Because of "harmony but difference", enterprises can be manipulated to continuously adapt to changes in the environment. Their decisions are made collectively, which also avoids the rigidity of the company caused by excessive personal paranoia.

  And resigning after one year as the rotating CEO does not mean leaving the core.

  They are still at the core of decision-making, and have not let go of their responsibilities and missions, and are fully prepared for the next rotation.

  In addition, because he was worried about acclimatization, Abel also increased the term of the "rotating CEO" from half a year to one year.

   If there is really no way to use this system, it can be changed directly later.

   "Have you finished watching?"

  Ten minutes later, Abel's voice awakened everyone immersed in this peculiar and very groundbreaking management system.

   "Next, I will announce the list of the group's rotating CEO."

   "Robert Iger, Michael Levine, Michael Ovitz, Richard Plepler, Dylan."

  Abel said: "Currently there are only five of you as the rotating CEO. But in the future, if other companies join the group and the person in charge is excellent, it is also possible to become the new rotating CEO."

  As soon as the list was announced, everyone in the audience reacted differently.

  Robert Iger was a little disappointed, but acceptable.

  He is the first CEO after all, even if he will step down after one year, under this system Robert is still the CEO of MGM Entertainment.

  After stepping down as the CEO of the group headquarters, he still remains at the decision-making level and can still participate in the highest decision-making.

  The power is not much less, and during this period, there is more control over other group subsidiaries. For Robert, who has not made any achievements, no matter how you look at it, it is a good thing.

  Other people who are still behind Robert are of course happier.

  If there is no such system, then Robert will be the CEO, as long as he does not make a big mistake, he will always be the CEO.

  Then other people will most likely be hopeless as a CEO.

  Now this kind of "rotating CEO" system is used, which means that as long as the work is done well, it can be their turn according to the schedule.

  Especially for Richard Plepler and Dylan behind, they were simply overjoyed.

before this.

   Of these two, one is in charge of TV station media and the other is in charge of paper media.

  These two departments are currently very weak in the group.

   Without the rotation system, there is a high probability that they will not be able to become the CEO of the group headquarters.

   Now that they have a clear opportunity, they are naturally the happiest.

  Looking at the people who had different reactions, Abel added:

   "This system is also the first time in the United States. So I decided that the first year will be temporary."

   "If it doesn't work, it will change next year. I hope that everyone can make it fully implemented and can develop the group better under this system. That will benefit everyone present."

  The boss has said so, no matter what he thinks in his heart.

  All the executives of Smith Media Group, of course, nodded.

   "Okay."

   After announcing this, Abel smiled:

   "The first thing has been said, it may not be that good. Now let's talk about the second thing. This second thing should be considered a good thing for everyone present."

   After Abel finished speaking, he turned his head and gestured to David standing behind him.

  David Jones nodded, and said "PPT" to the entourage at the door.

  The meeting room quickly dimmed, and a white screen was pulled out behind Abel, on which the projector played a PPT.

  The people participating in the meeting saw a logo that looked like colorful petals and a peacock's tail on the projection screen. Under the logo, there were three capital letters of NBC.

   "As you can see."

  Abel's voice sounded: "The second thing I want to announce is that Smith Media will launch the acquisition of NBC, which is the National Broadcasting Corporation of America!"

  As soon as the voice fell, the executives of Smith Media, who had been calm throughout the whole process, reacted a bit.

   "NBC?" Robert Iger couldn't help but said, "Boss, did I hear you right? Are we going to acquire NBC?"

  Abel nodded with a smile, as a response to Robert's question.

  Everyone saw Abel's response to Robert, and immediately knew that Abel was serious.

   It's no wonder they reacted so strongly.

  You must know that NBC and the other two television networks have always been one of the three major commercial broadcasting and television companies in the United States.

  The other two are ABC and CBS.

   It's just that a News Corp. FOX was released later, and the number of major American TV networks has now become four.

  Add one under the control of the government, so there are currently five.

  However, FOX is currently inferior to the three old commercial TV networks in terms of scale and brand power.

   Among them, the CBS television network is currently owned by the Viacom Media Group of the Redstone family.

  ABC Television Network was acquired by Disney in the 1990s.

   There is only one NBC TV network left, which has not yet been acquired by the media group.

   There is no doubt that NBC is one of the most mainstream broadcast television networks in the United States.

  Its headquarters is located in Rockefeller Center, New York, not far from the Woolworth Building, and the TV station is marked by the peacock's tail.

  It is part of the media conglomerate NBCUniversal, which provides programming to more than 200 American TV stations under its umbrella.

  In 1926, NBC was established by the Radio Corporation of America (RCA), and was founded by Sanov in New York in November 1926.

   In 1986, its parent company RCA was acquired by General Electric, and it was also purchased.

  This General Electric is currently the General Electric with the highest market value in the US stock market.

  If Smith Media can really annex NBC.

   There is no doubt that Smith Media will immediately become one of the top three American media groups.

  Now the boss says that he wants to acquire such a behemoth.

  Smith Media executives, including Robert, will have such a big reaction.

  Abel could also understand the reaction of everyone, he said:

   "This company cannot obtain a controlling stake through sniping. It must use normal negotiations to persuade General Electric to transfer its equity to Smith Media."

   Everyone knows the boss is right.

  NBC is not a listed company, and most of the shares are in the hands of General Electric.

  If you want to rely on the stock market to snipe, you can't get it by the boss's best means.

   But negotiating with GE, can you get it?

  How likely is it?

  Smith Media executives, they feel a little pessimistic.

  General Electric, which just became the stock king last year, although the stock price fell a lot because of the collapse of Nasdaq.

  From the peak of more than 500 billion U.S. dollars last year, it has fallen to less than 400 billion U.S. dollars now.

  But it is still the listed company with the highest market capitalization in the United States, and even in the world.

   It can be said that the rich and powerful is used to describe General Electric.

   At this time, General Electric is not short of money, not to mention its special status in the United States.

  If it is unwilling to sell, even the US government will support him.

  Just like in parallel time and space, the stock price of General Electric once fell to 0.02 US dollars a share.

   It's all so exaggerated, it doesn't need to be delisted if it doesn't want to be delisted, and it didn't go bankrupt because of it.

   But so cheap, who can buy it?

   No kidding, even hundreds of billions of dollars can't buy it.

   Such a technology pillar company in the United States is desperately holding NBC and is unwilling to let go.

  It doesn't matter who comes.

   As far as Abel knew, General Electric didn't pay much attention to NBC.

  As long as someone has the right offer, GE has no hesitation in selling NBC.

  In addition, General Electric holds only 80% of NBC shares.

   There is another 20% in the hands of the French company Vivendi Universal.

  Vivendi is also a giant group, fortunately it is a French company.

  Since it is a French company, what happened to Alstom can also happen to Vivendi.

   Therefore, Abel chose to start with the 20% stake in Vivendi.

   As for what to do, there is no need to tell everyone present.

  Looking at the people who were arguing, Abel said: "I'm telling you, I'm just notifying you in advance. Let you be mentally prepared. Well, today's meeting is over, everyone go to work."

   It is not the turn of these people to be responsible for the real acquisition work.

  Telling this to them today is just to cheer up their hearts and prepare them mentally.

  Abel is not worried about whether Smith Media's acquisition of NBC will be leaked.

  Because it's useless even if it's leaked.

  In the United States and even in the world, there are not a hundred companies that want to acquire NBC, at least there are dozens.

   Among them, either the financial resources are not enough, or the qualifications and status are not enough.

  Those who are qualified and have financial resources want to buy NBC as cheaply as possible.

  The Eight Immortals cross the sea in each company, and all of them are showing their special abilities.

   It's just that in front of the US government and General Electric, these supernatural powers are useless.

   Now that there is an extra Smith Media, it is no big deal.

   And Abe is serious about buying NBC.

   After the meeting.

   Not long after, around noon.

  In the brandy restaurant.

  Two days ago he invited Dayao here, but today the person he invited to dinner here became an old white man named Bob Wright.

  Bob Wright, joined General Electric in 1969; served as President of Cox Cable Networks from 1980 to 1983; served as President of General Electric's Financial Services Division from 1983 to 1986; served as President and CEO of NBC in September 1986.

   Bob has been known to Abel for a long time.

   It should be said that most of the upper-class elites in the United States are very curious about this young man who has quickly become one of the most influential people in the country in a very short period of time.

  In addition, Bob also had an accurate guess about Abel's invitation to have lunch with him.

   Sure enough, as soon as the two met, Bob heard Abel smile and say to him:

   "Mr. Wright, I want to acquire 20% of NBC shares held by Vivendi Universal."

  Bob Wright smiled slightly: "Ha~Mr. Smith. From your investment perspective, you may see that NBC is profitable. Of course I can't comment on this, because this is your own decision."

  Seeing that the old guy still wanted to make false claims with himself, Abel simply cut to the chase:

   "Okay. I'll get straight to the point then. Mr. Wright, I want to buy NBC."

   Hearing Abel's request, Bob Wright was not surprised.

   This is already obvious.

  Abe, a new giant in the media industry, invited Bob Wright, the CEO of NBC, to have lunch together.

  The two of them didn't have any friendship before, and they didn't even know each other.

   Normal people can guess what Abel is thinking, and so can Bob Wright.

   "Sorry." Bob Wright said very politely:

   "NBC is not for sale to GE. We are not for sale, not even you, Mr. Smith."

   "Really?" Abel smiled: "What if someone buys it with 100 billion dollars?"

   "Uh" Bob Wright, who has always been very calm, couldn't help but frowned, "Are you kidding me, sir?"

  If someone really paid $100 billion to buy NBC.

   Then it is estimated that General Electric can slide and kneel all the way, and send NBC to the other party in a hurry.

   Bob Wright couldn't help looking at Abel a few more times.

  Mr. CEO knew it was impossible, but he still had some extravagant hopes.

  What if Abe really wants to spend 100 billion dollars to buy NBC?

   Isn’t General Electric foolish to make money?

   "Hahaha~" Abel laughed, "Of course I'm joking. If I had 100 billion dollars, I could already create at least three NBCs from scratch."

  Bob Wright: "."

   "Mr. Smith, your joke." He shook his head, "It's not that funny."

  Thanks to Bob Wright, he still has a few expectations, even though he knows that these expectations are impossible.

  But now that Abermind said it was a joke, Bob Wright was still a little upset.

   "One hundred billion dollars is impossible." Abel was deliberately teasing Bob Wright, because this guy was too calm before that.

   It seems that Abel is determined.

  Abel is willing to have a good talk with him now.

   "One hundred billion is impossible."

   Abel said, "But what about $20 billion?"

   Having to say this number made Bob Wright feel relieved for a while.

  Because of the quotation of 20 billion US dollars, it is almost the highest quotation that General Electric has received in more than ten years.

   But Bob Wright still shook his head, knowing that the group would not accept the offer.

  Bob Wright said righteously: "NBC is not for sale, and General Electric will not sell it."

   What responded to him was Abel's new offer.

   "What about the $25 billion?"

  (end of this chapter)