Chapter 513： Can celebrate

In the following two days, Michael Eisner showed a strong psychological quality, always exercising the power of shareholders, even if he almost became a veritable solitary man.

Even if he persisted, it would be meaningless. Ryan's series of measures not only brought benefits to himself, but also ensured that other shareholders would also obtain obvious benefits, and they were supported by the vast majority of people.

Besides, the equity that stood firmly on his side was obviously more than 65%, and it was not too difficult to push forcibly.

Of course, Ryan would not do it as a last resort.

When the general meeting of shareholders was over and the press briefing was held, the media discovered that Disney had ushered in the biggest upheaval since 1984.

Michael Eisner not only lost the position of chairman and chief executive officer, he was no longer a member of the board of directors.

Roy Disney became the new chairman, and Robert Iger and Dick Cook were promoted by Ryan to the positions of chief executive and president. In this way, the power between the three forms a new triangle of checks and balances. At the same time, Disney has strengthened the powers of the nomination committee and other supervisory agencies to prevent the recurrence of precedents like Michael Eisner.

As for Ryan's side, it must be the one who has gained the most.

He is not good at management. If Disney really gives him the power of day-to-day management, I am afraid it will soon become a mess.

North America has a sound professional manager system. As long as supervision is not relaxed, there is no need to do everything by yourself.

In addition to occupying an important seat on the board of directors as the largest shareholder, Ryan also served as the creative director of Walt Disney, and has the power to directly intervene in all film businesses under its umbrella. This position is infinitely close to the founder, Walt Disney's overall production. Film producer' position.

The former Pixar executive vice president John Lasseter will serve as the chief creative director of the new Disney animation department and the chief creative consultant of Disney Dream Engineering. The former Pixar president Ed Kamel will serve as the president of the entire Disney animation department. , The two are directly responsible to Ryan, Robert Iger and Dick Cook.

The Pixar studio was handed over to veterans such as Andrew Stanton and Peter Dougert.

In a sense, Roy Disney’s chairman is more like a mascot to achieve a smooth transition of Disney. The old man may be a little unwilling in his heart, but Ryan gave the Disney family far more than Michael Eisner’s time. Times.

Subsequently, Disney announced more explosive news, and sent out a good faith merger invitation to Marvel Comics and Jenkins Pictures.

Not long after, Marvel Comics and Jenkins Pictures responded positively to this invitation, and the three parties started formal negotiations a few days later. Obviously, the highest levels of Marvel Comics and Jenkins Pictures were well prepared for this situation.

Will this wholly-owned merger and acquisition fail? The media are not fools, knowing who is behind all this, a new behemoth is bound to come to Hollywood.

Negotiations proceeded extremely smoothly. People like Jinsli, Scott and others had agreed with Ryan for a long time. When it came in late November, the three parties reached an agreement, and the merger still adopted cash financing and stock swap. .

As the largest shareholder of Jenkins Pictures and the actual controlling party of Marvel Comics, Ryan’s shares in Disney have increased to 57%. If we add Nicole, Kingsley, Scott, etc. who are also Disney shareholders, Although Disney is still Disney, it has become a new'Jenkins Pictures' with a complete industrial chain.

After the merger, there will definitely be a series of internal problems. Robert Iger, who has a relatively mild personality, is undoubtedly a good hand to solve these problems. After all, he did very well in his previous life.

In addition to financial aspects, Marvel Comics, Jenkins Pictures, and Pixar Studios still have relatively advanced businesses, but the entire industry chain operation model will fully transform the advantages of these three companies in movies and comics into huge profits. .

In short, it takes time and process for Walt Disney to fully integrate these three companies.

However, only the changes in the stock market have made those shareholders who chose to support Ryan happy.

Disney is rapidly expanding like an inflatable. Not long after the completion of the merger, its market value exceeded $60 billion in one fell swoop. The value of stocks in the hands of shareholders has greatly increased, and the net income per share can be fully estimated.

This is a multi-party win-win transaction.

Wall Street investors reselled Disney shares and made huge profits, while the shares of Google and Blizzard bought from Ryan have been rising.

Ryan has obtained a complete industrial chain that can maximize the benefits of what he is most interested in.

There are also News Corporation, Time Warner and Viacom. After the merger, Disney reached a new agreement with them. Although there is a competitive relationship with each other, mutual shareholding is the default rule of the media group.

The vast majority of people or investment institutions have been quite satisfied with their gains during this period of change, and the most dissatisfied or angry person must be Michael Eisner.

For the benefit, Wall Street can support him, and for the same benefit, the shareholders of Wall Street and Disney abandoned him.

Michael Eisner lost all his positions at Disney and became the kind of unemployed shareholder he once mocked in his heart.

Of course, he is one of the best professional managers in Hollywood and even in North America. It doesn't seem to be too difficult to find a job as an executive in a large group.

However, having lost the throne of Disney's chairman and chairman, he undoubtedly lost his biggest amulet.

In mid-November, the Delaware Court of Justice ruled on the case of Disney shareholders suing former chairman and Michael Eisner and other board members, concluding that Disney directors were negligent and dereliction of duty regarding Oviz’s exorbitant remuneration and severance payment. , Judged that the directors of other companies including Michael Eisner bear joint and several liability, and Michael Eisner bears the main responsibility, and the individual has to pay compensation and interest for this amount to a total of 100 million U.S. dollars.

With Michael Eisner's net worth, this money is not a painful one, but the loss of the ruling that he lost in the lawsuit has caused him to lose his reputation, and no one can make up for it.

For a professional manager, how important is credibility to the United States, where the business is highly developed?

The only thing left for Michael Eisner is to retire early and find a place to end his life.

At the same time, Disney is also optimizing on the basis of internal stability. It has given up several holding companies acquired by Michael Eisner because of his ambition and power. Among them is Miramax.

This medium-sized film company sold it back to its founder, the Weinstein brothers, at market price.

When Disney was reorganizing, the English football world also ushered in a drastic change.

Prior to this, Ryan already owns 62% of Manchester United's shares. From the surface, it seems that due to the lack of liquidity caused by the abandonment of leverage acquisitions and the strong opposition of Manchester United fans, this acquisition is not dead or alive. Here it is.

In fact, since the beginning of October, the relevant personnel of the ‘Red Football’ company have renewed contact with other shareholders of Manchester United’s non-fan organizations, preparing to initiate a new round of acquisitions.

These people are different from those die-hard fans. Perhaps they also have fans, but the first concern is certainly not where the acquisition of capital comes from, but how much benefit they can get from it.

To put it bluntly, as long as the price is right, it is not difficult to impress these people. The Glazer family in the previous life also proved this.

In November, the ‘Red Football’ company released new data to the market. The holdings of Manchester United’s shares in its hands increased to 72%, and Manchester United was infinitely close to withdrawing its trading from the stock market.

Fans rushed again and launched another round of protests.

In sharp contrast, the attitude of the Manchester United management, from the general manager to the support, and because this is not a debt acquisition, the opposition from the fans is relatively small.

Soon, the ‘Red Football’ company reached an agreement with several shareholders to increase its shareholding to more than 75%, and soon removed Manchester United from the London stock market.

At this point, Manchester United has completed the transformation from a listed company to private property.

However, the ‘Red Football’ company did not give up and continued to negotiate with other shareholders while taking the absolute initiative.

The public support of Alex Ferguson and David Beckham, who have great influence among fans, became the last straw to overwhelm the camel. The remaining individual shareholders and those who are not too stubborn The football fan organization also transferred its shares.

As a result, Ryan's shares finally reached 90%. According to relevant regulations, regardless of whether the rest of the fan organization agrees or not, they must transfer their shares in Manchester United, the most successful football club in the Premier League era. has completely become his possession.

Needless to say, if you want to win the support of Manchester United, those management who actively contacted him needless to say. Ryan promised Alex Ferguson to increase the transfer fee budget every season and fully support him in the Manchester United team. Technological reform.

As for David Beckham, it's even simpler, he got Victoria Beckham directly.

Ryan promised that the former noble hot girl would introduce her to the upper class in Hollywood as a friend. Mrs. Beckham, who had traveled back and forth between London and Los Angeles but had not gained much, immediately made the wisest. select.

From the selection and creation of Beckham, it can be seen that Victoria is a smart woman. How much effort will be saved in the future if Ryan can be solemnly introduced to the big figures in Hollywood?

Ryan is also a person who keeps his promise and chose a grand party to push the celebrity couple to Hollywood.

This is a party convened by Ryan in the name of Disney. He has prepared for a hard-won victory for several years. Naturally, he has to celebrate with his allies in the grandest way. rs()