I’m in Hollywood Chapter 428: Golden umbrella

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The time came unconsciously at five o'clock in the afternoon. Outside the glass curtain wall of the city of freedom, the sunset dyed the horizon between the sky and the sea to a magnificent orange red. Eric and Chris were still in their original seats. It seems that there has been no movement for a whole day.

It has been half a year since Eric made up its mind to acquire Disney. In the past six months, in addition to secretly absorbing Disney's stocks, Chris has also conducted a lot of detailed investigations on the entire Disney group, including Disney's shareholders, Disney's creditors and These people's attitude towards the Disney management, as well as detailed information on the assets of the Disney group, just these data surveys cost millions of USD, and it can even be said that no one knows Disney better than Chris.

All day long, Eric keeps the attitude of an audience most of the time and asks its own questions from time to time. Chris is always patient to answer Eric.

But when the sunset completely sinks into the horizon, things are almost the same. Chris finally said: "" Cutthroat Island "has just been drawn. Because of the huge losses, it is now the moment when Disney shareholders and creditors are most dissatisfied with the management. The best time for us to initiate an acquisition, so we try to initiate an acquisition offer after a week. We need a week to integrate the scattered Disney stocks and set up an acquisition team. By the way, I just forgot to say ... "

Eric now holds a list of movies that will be released in the second half of Disney in his hand, and raises his head and asks: "What?"

"I do n’t have enough people to build a professional acquisition team. So I want to cooperate with Morgan Stanley, you know, I still have some connections in Morgan Stanley. And they have a ready-made enterprise merger and acquisition team that can take charge of asset evaluation and legal Affairs, price negotiations and other acquisition matters. "

Eric: "This is no problem."

Chris said again: "Actually, I mean, you should have heard of it. Michael Ovitz led the team of caa to help Panasonic acquire Universal, and finally got a commission of 70 million USD. The price of Morgan Stanley will not be cheap."

Eric smiled and said: "Everyone knows that Japanese is a fat sheep that he has come to slaughter. We are not ourselves. How much is the team that hires Morgan Stanley?"

"If calculated according to a 100-person team, I estimate 50 million USD. Once a malicious acquisition is started, it will take at least half a year to complete the acquisition. It is not impossible to drag on for a year or two," Chris said, looking forward to Eric. Waiting for his decision.

Although the current market value of Disney is only 30 and more than USD, the amount involved in the final acquisition will not be less than 5 billion USD. Morgan Stanley is equivalent to extracting a 1% commission from it. This ratio is very reasonable because Eric vaguely remembers the assistance of these large investment banks Shareholders of listed companies are required to charge a commission of more than 10% for selling stocks.

Thinking of this, Eric quickly made a decision and said, "Then hire the Morgan Stanley team, and, in addition, pass it on to the person in charge of Morgan Stanley. If they can complete the acquisition within half a year, I can use the original commission basis On the increase of 30% in remuneration. "

For corporate mergers and acquisitions. The longer the delay, the greater the variable and the higher the cost. Many malicious acquisitions will end up in the long delay, so not only did Chris not discourage this proposal of Eric, but it was decisively exposed to Eric. A look of appreciation: "I will pass on this condition to Morgan Stanley."

The following week, Chris was secretly deployed at the same time. Eric did not stay out of the way.

With "Toy Story" on the first release day of the third week, Box Office successfully broke the 100 million mark, and "Terminator 2: Judgement Day" Box Office climbed up. The professional Box Office statistical agency made a valuation of 200 million USD for the two films North America and total Box Office. In a summer season, it also has two movies of Box Office and 200 million, which is enough to make Hollywood all Film Studio jealous.

Therefore, Firefly Film Studio held the grand celebration party in Cliff Peak Manor of Eric. This is the third time that Cliff Peak Manor held a large-scale party, and it was an unconventional low-key. Eric not only invited a large number of Hollywood Star and Film Studio seniors, but also approved a number of Reporters from ten media entered the scene of party.

All these actions, no surprise is to create momentum for the next acquisition, the greater the influence of Firefly, the more favorable for the subsequent acquisition.

In just one week, not only the Box Office scores of "Terminator 2: Judgement Day" and "Toy Story" were widely advertised, but the "Cutthroat Island" and "Fox" "Hot Shots! Part Deux" ​​were also shot again. Eric planned to start like Sony and Panasonic from the beginning. A wholly-owned acquisition without preparing to replace the shares of Disney shareholders with Firefly shares.

So this series of momentum is not to make Disney investors confident in Firefly and sell their stocks. In many newspaper related articles, Eric has always expressed an opinion, either implicitly or explicitly, if you do n’t sell If so, Disney will continue to appear bad movies like "Cutthroat Island" or "Hot Shots! Part Deux", and will also be hit by Firefly blockbuster. Of course, although many people are keenly aware of the smell of gunpowder, it wasn't until Firefly submitted an offer to Disney that someone realized the meaning of Eric's previous remarks.

On July 22, 1991, on Monday and on weekends, Michael Eisner did not take the slightest break. Because of the disastrous defeat of Box Office of "Cutthroat Island", he has been trying to appease Disney's shareholders and creditors for more than half a month.

Eric ’s so-called “Cutthroat Island” trilogy even made Michael Eisner hate his teeth. A short sentence made his situation worse. A large number of shareholders accused Michael Eisner of giving up their good cooperation with Eric, and Michael Eisner also. It's hard to tell, he certainly wants to cooperate with Eric, but after the storm last year, the two sides have been difficult to cooperate.

Having breakfast in a Malibu villa. Michael Eisner does not mean going to Disney Headquarters office.

He has already bought the ticket, and today he will visit Disney ’s current largest shareholder, Bass Family in Texas.

Disney has grown to the present. Disney Family, which created the Disney brand, has long ceased to be a major shareholder of Disney's. At present, the Disney Family Foundation only owns about 3% of Disney shares, and Bass Family, which made oil through the oil, has successively obtained 16% equity of Disney in the seventies and eighties, becoming the largest shareholder of Disney's .

In 1984, it was with the support of Bass Family and Disney Family veteran Roy Disney that he was able to take the position of Disney CEO.

The driver drove the Michael Eisner to the Los Angeles airport, and a small private plane was ready to stop. This is one of the benefits of Michael Eisner as Disney Chairman of the Board and CEO.

After the plane took off, Michael Eisner explained a few words to the assistant. He was going to rest in the lounge for a while. These days he has been exhausted both physically and mentally in order to cope with the Box Office defeat of "Cutthroat Island".

Just a short time after falling asleep, the cabin lounge door was knocked. The assistant's voice was a little quick: "Mr. Eisner, Mr. Eisner, and Wells are in a hurry."

Suddenly waking up, Michael Eisner frowned and walked out of the lounge. The assistant looked at Michael Eisner's gloomy look, handed over the cordless phone's microphone, and explained softly: "I said you were resting, but Mr. Wells said something urgent. "

Michael Eisner nodded expressionlessly, took the phone, and closed the lounge door. Turned around and walked to the sofa pouring wine for myself, and asked, "Frank, what's the matter?"

"..."

The Disney Chairman Frank Wells on the other end of the phone has a quick tone. It took more than a minute for Michael Eisner to respond. The wine in the goblet has overflowed into a large piece, but Michael Eisner has no intention to care about these, and put the empty red wine bottle on the table and hang it. Get off the phone and walk out of the lounge. The assistant shouted: "Nick, notify the captain. The plane will return home immediately after landing and return to Los Angeles."

As we approached noon, Michael Eisner finally returned to Disney Headquarters, and the notified Disney Board of Directors members had already waited in the meeting room in advance.

Sitting on the top of meeting table, Michael Eisner read the acquisition plan submitted by Firefly without a word, scolded lowly, and then asked Frank Wells: "Frank, are you sure this is not a joke, Firefly? The funds from the acquisition of Disney, how can they have so much money? "

Looking at the Michael Eisner, who looks excited and may jump at any time, Frank Wells patiently explained: "I have personally called Eric Williams to confirm this."

"I'm asking where did they get their money?" Michael Eisner's voice has turned into a roar.

Frank Wells shook his head and Michael Eisner was about to continue to attack. A director sitting next to him suddenly tentatively said, "Is it the previous oil crisis?"

Michael Eisner was stunned, thinking of the various actions of Eric in July and August last year. He quickly determined this. That time Eric raised enough funds for 700 million USD

It ’s been almost a year since Eric did n’t do anything before. Everyone thought that Eric did n’t make much money that time, but after seeing the current takeover offer, Michael Eisner realized that everyone was cheated by Eric. past.

Growing his fist embarrassedly, Michael Eisner raised his head and said, "Now, let ’s talk about what to do. If the acquisition of Eric Williams is successful, then all of us here may have to pack up and get out. We must not let him succeed. "

The conference room quickly rang out a chattering discussion. The 16 directors of Disney's either had a good relationship with Michael Eisner or were former employees of Disney's. Because Michael Eisner's power was monopolized, the power of these people was greatly weakened, but These directors don't care too much. Anyway, in the event of a major decision-making error in Disney, Michael Eisner must be the one to blame it, just like "Cutthroat Island". Therefore, this kind of work that is not responsible and can get a high salary, no one will be dissatisfied, so they do not want to lose their jobs because of the acquisition.

"The most important thing now is to stabilize shareholders. As long as they stand with us, it is unlikely that Firefly wants to acquire Disney."

"Hey, it ’s a pity that" Cutthroat Island "just caused such a big loss, and the timing of Firefly is very good."

"Do n’t forget that there are creditors. Last week we just discussed the plan to postpone the payment of the principal and interest of the due creditor. Now this plan must not be taken out, otherwise the creditors will definitely put pressure on us. After all, Firefly 'S performance is so good. "

"Firefly already holds 11% of the shares, which is a big trouble."

"..."

"..."

The conference room buzzed for a full five minutes, and Michael Eisner failed to hear any useful suggestions from these populations, which made him very angry, and even ignored the fact that this situation was originally caused by his own hands. In order to consolidate your rights, Disney's Board of Directors is of course the more mediocre the better.

No longer ignore the nonsense of these people, Michael Eisner said to the assistant: "Convene all management meetings, in addition, let the Legal Department send a letter to Firefly, we refuse to buy."

"Mr. Eisner, according to the process, we should disclose this to shareholders," the assistant reminded softly.

Michael Eisner glared at the assistant with dissatisfaction: "You only need to do what you should do."

The assistant responded humbly and left silently.

Michael Eisner patted the table and asked everyone to stop the discussion before saying: "Okay, don't quarrel, wait for the management to come and discuss."

A bunch of directors are quiet.

On the day when Firefly submitted the takeover offer to Disney Board of Directors, Disney Board of Directors made a decision to refuse the takeover, and selectively disclosed part of the Firefly acquisition plan to the shareholders. At the same time, it was accompanied by Michael Eisner words and sincerely written letter.

While disclosing the tender offer to shareholders, Disney Board of Directors passed the first counterattack plan, the golden parachute, in just three days to protect the interests of all Disney management personnel.

While disclosing the tender offer to shareholders, Disney Board of Directors passed the first counterattack plan, the golden parachute, in just three days to protect the interests of all management personnel of Disney.

While disclosing the tender offer to shareholders, Disney Board of Directors passed the first counterattack plan, the golden parachute, in just three days to protect the interests of all management personnel of Disney. (To be continued)