Chapter 679： Knife holder neck

Gray ignored Yang Cheng's sneer, and said to himself, "After the acquisition is complete, my first big move is to hire Nasetta to replace Borenbach."

Yang Cheng noticed that he was looking at Nasetta next to him and smiling, she was full of affection, and cursed in her heart, "Bad gay~"

"I knew Nasetta in the early 1990s. At that time, it was still in the savings and loan crisis. At that time, the federal zf established a restructuring trust company to sell bad debts on housing mortgage loans and other problematic securities inherited from the failed savings bank. Nasetta was a member of this trust company at that time.

For Nasetta, the decision to take charge of Hilton is more complicated, because Hilton’s main headquarters is in Los Angeles, and he and his family live in the Washington area. When I still convinced him, no one is more suitable for Hilton than him. The position of the hotel ceo.

Although Bolenbach is an outstanding strategist, Hilton is lifeless under his management. This is far from the ambitious Hilton 20 years ago. This is Bollenbach's fault! "

Yang Orange frowned and said in secret, "Is this implying that my management ability is not good?"

Biting his molars, resisting the desire to scold him, he continued to listen to Gray’s remarks. He said, “Hilton’s headquarters is located in Beverly Hills. The high-level office is closed every Friday at noon. Hilton has five business divisions. , Distributed across the country, Nasetta also feels that this kind of corporate structure is not conducive to operations, which can be described as chaotic and self-sufficient.

After joining the company, Nasetta visited all five business departments of the company. In each department, they will tell you, ‘our approach is correct, the company should be like this, the other four departments are completely wrong. ’

This is the rigid body that Hilton slowly formed under Bollenbach’s leadership. They completely transformed the corporate culture into an integrated, consistent and performance-oriented culture. Of course, these problems lie in Nasetta and mine. With joint efforts, one by one was solved. "

The more Yang Cheng listened, the more he felt that the other party was using Hilton’s example to warn him, but he didn’t think that New Era Media, which was still in the kindergarten stage, would be as proud and complacent as Hilton who had been successful for many years. He felt that Gray was taking the opportunity to challenge himself. If you mess up your emotions, you can grab the power!

Sure enough, as soon as the voice changed, Gray pointed the finger at the new era media, "Jason, the new era media seems to have a lot of beauty on the surface, but in fact, both inside and outside are facing multiple crises.

The three major Internet groups, Yahoo, Google, and Facebook, all internally develop personalized push functions for Toutiao apps. Once the layout is completed, the advantages of Toutiao apps will no longer exist. Of course, you can say that Toutiao has the right time and place. They think It will take decades to catch up, but it is undeniable that the three major groups have sufficient cash flow and the supporters behind them, and they have enough money to greatly shorten the time. It may be 10 years, 5 years, or even one year. year!

Not only that, your successive large-scale acquisitions have kept the capital chain of New Era Media on the verge of collapse. In other words, you have been walking a tightrope. Once a bubble crisis occurs, the collapse will only happen in an instant. Of course, the four-dimensional space of the parent company exists. Blood transfusions can be continued, but this is not a long-term solution.

The most important thing is that the current Toutiao app has not been found by relevant departments. This is also due to the **** of the Yang family and the previous rounds of investors. But when the big data of Toutiao app has been infinitely expanded, do you think the relevant departments Will you be required to submit user information to collect information? Don't be lucky, this is a hack that every large Internet company can't get around, including Facebook, even Microsoft and Google. "

The more Yang Cheng listened to it, the more chilling, because Jon Gray’s words are very likely to come true. He can remember the crisis encountered by Facebook in his previous life. Xiao Mazi was forced to sweat profusely at the hearing. It was not acting as a show. .

This period of time went smoothly, so that he almost forgot the consistent behavior of American hooligans. Yeah, he hasn't come here now, just because the scale of the headline is not strong enough, but once it swells to the status of Facebook, Yang Cheng will Had to make a choice, whether to compromise, compromise and hand over the data in exchange for zf's good citizen certificate, not to compromise for the user's privacy to the end, he does not know what the result will be, but most of it will be targeted by various conspiracies, don't think about it. Better.

Of course, he can stand in the team now, such as joining the donkey party camp in exchange for support at critical moments, but this involves the interests of the family, one after another, Yang Cheng can’t wait to shoot Jon Gray directly, it’s all him Doing things.

Set my mind, he asked with a seemingly calm expression, "Then I agree to the equity swap, can the Blackstone Group have the ability to prevent me from being targeted by the sliver?"

Jon Gray smiled and glanced at James, and said confidently, "Of course, the Blackstone Group will desperately protect its own interests from damage."

In other words, if Yang Cheng accepted the equity swap, he would become a member of the Blackstone Group.

It cannot be denied that the zz investment of the Blackstone Group is much more than that of the Yang family, and it has been farming for decades. There are people from the Blackstone Group speaking for them in Congress.

But it doesn’t fit Yang Cheng’s personality to hand over the New Era Media.

Yang Cheng squinted his eyes, his brain was spinning at high speed, and countless brain cells died every second, but he still couldn't find a way to crack it. Damn, he hated this threat, it was more than just holding a knife on his neck Uncomfortable, Chi Guoguo’s arrogance, people didn’t clearly say a threatening word from beginning to end, but the story of the gun and the stick made Yang Cheng deeply aware of the sharp edge of the knife. This is the financial big The strength of the crocodile.

This time it was the scheming James' turn to speak, "Jason, you also know that the oldest story on Wall Street is that a group of happy corporate executives gathered above the trading floor of the New York Stock Exchange and sounded the opening bell on the first day of the company’s listing. Of course, since it has now become an electronic transaction, the stock exchange itself has become a TV set to stage such ceremonies, but whether old-fashioned or not, Nasetta, Gray and their teams at Hilton and Blackstone in December 2013 This ceremony was still held on the 11th. It was the most exciting moment in the life of all business elites."

Yang Cheng adjusted his sitting posture and turned to Hamilton James who was talking eloquently. He was a little unsure, so why did he mention Hilton again? Does this have anything to do with him?

"When the opening bell rang, we turned and looked at each other. I will never forget that moment," Nasetta echoed again. "We didn't say anything, just hugged each other happily." There is nothing they need to say. Yes: "We will never lose confidence in the company, never lose confidence in each other."

"We gave every trader who handled the Hilton stock transaction that day a terry cloth bathrobe—just like the kind of bathrobe that guests in the hotel wanted to steal away." Gray's face was reminiscent, like an old friend. It’s the same from time to time.

James and Yang Orange looked at each other, full of seductive looks, "When the market closed on the day of listing, Hilton stock closed at 21.50 US dollars, the company's market value was about 20 billion US dollars, and Blackstone made nearly 9 billion US dollars in profit, creating the second highest profit in history. The Ipo transaction was second only to the $10.1 billion made by apolloglobal in the investment of chemical giant lyondellbasellindustries. Later, Hilton’s stock price rose and Blackstone became the first.

Although Wall Street investment banks rarely praise their competitors, Solomon, the co-head of Goldman Sachs' investment banking department, called me on the spot, praising Hilton's success as a good thing for Wall Street—a good thing for all those who charge high fees for selling securities.

So Jason, you have to understand a truth. Yes, there are many factors for success. It is not difficult to sum up afterwards, but many people do not make the right choice when it is right.

The two people who contributed the most to the Hilton deal are Gray and Nasetta. Undoubtedly, they both made the right choice. After all, they did this with the money, but they are also good people. I am excited about their success. And pride. "

Talking about a bunch of nonsense in Yang Cheng's view, and summing it up in one sentence: Those who know the current affairs are handsome!

Nasetta hesitated for a moment, and very sincerely advised We met for the first time, but I admire you for achieving such great results at this age, at least I can’t match it. So I think you can think about it rationally. You are not at a loss for this deal.

First of all, Hilton Group’s revenue capacity has continued to rise. By the fourth quarter of this year, it is expected to increase by 6%. The single-quarter revenue is approaching 3 billion US dollars and the net profit exceeds 300 million US dollars. This revenue capacity is believed to be comparable to the new era. The media is not bad either;

Secondly, after completing the equity transaction, you will become the largest shareholder of the Hilton Group without losing your position as the largest shareholder of New Era Media;

In the end, you will win the friendship of the Blackstone Group, which I believe is worth hundreds of millions of dollars less than you. "

Yang Orange sneered, "Single quarter profit of 300 million US dollars? That is just the profit of a movie from a subsidiary of New Era Media. If you have really studied it carefully, you would not use such ridiculous reasons to persuade me. "

He was referring to "Fifty Shades of Gray". Although the net profit is as much as US$300 million, plus the long-term benefits of subsequent peripheral copyrights, the figures are not much different.

"As for the largest shareholder of the Hilton Group? Sorry, I really don't care too much, and don't fool me. Unless the Blackstone Group is fully withdrawn and I re-privatize the Hilton Group, I will be slightly moved.

And your friendship with the Blackstone Group is really ridiculous. You will not be blown by the media as the king of global private equity. You naively think that you can replace Goldman Sachs, Morgan Stanley and other investment banks to rule Wall Street, right?

Finally, I would like to ask, our state affairs sir, Mrs. Zipperton, what benefits have been given to you so that you can take revenge for her so hard? Https://)

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