Chapter 513: Time to Celebrate

In the next two days, Michael Eisner showed a strong psychological quality, always exercising the power of shareholders, even though he almost became a veritable loner.

Even if he persisted, it would be meaningless. Ryan's series of measures not only bring benefits to himself, but also ensure that other shareholders will also obtain obvious benefits, and have won the support of the vast majority of people.

Besides, the shareholding that is firmly on his side obviously exceeds 65%, so it is not too difficult to force it.

Of course, Ryan would not do this unless it was absolutely necessary.

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

Michael Eisner not only lost his position as chairman and CEO, he was no longer even a member of the board of directors.

Roy Disney became the new chairman, while Robert Iger and Dick Cook were fully promoted by Ryan to the positions of CEO and president. In this way, the power among the three formed a new triangular check and balance. At the same time, Disney has strengthened the powers of the nominating committee and other supervisory agencies to prevent the recurrence of Michael Eisner's precedent.

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

He's not good at management, and if Disney did hand over the day-to-day management to him, it could quickly turn into a mess.

North America has a well-established professional manager system. As long as the 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 its film businesses. This position is infinitely close to the founder Walt Disney's overall production Film Producer' jobs.

The original Pixar executive vice president John Lasseter will serve as the chief creative director of the new Disney animation department, as well as the chief creative consultant of Disney Dream Engineering, and the former Pixar president Ed Kamull 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 Docter.

In a sense, Roy Disney’s chairman is more like a mascot for Disney’s smooth transition. The old man may feel a little bit unwilling in his heart, but what Ryan gave to the Disney family is far better than Michael Eisner’s time times.

Subsequently, Disney announced more explosive news,

Goodwill M\u0026A invitations to Marvel Comics and Jenkins Films.

It didn't take long for Marvel Comics and Jenkins Films to respond positively to this invitation, and the three parties started formal negotiations a few days later. Obviously, the top management of Marvel Comics and Jenkins Films had long been prepared for this situation.

Will this wholly-owned merger fail? The media are not fools. They know who is leading all this behind the scenes, and a new behemoth is bound to come to Hollywood.

The negotiation went very smoothly. People like Jinsili, Scott and others had already communicated with Ryan. By the end of November, the three parties had reached a relevant agreement, and the merger still adopted the method of cash financing and stock replacement. .

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

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

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

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

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

Disney rapidly inflated like an inflatable. Not long after the completion of the merger, the market value exceeded 60 billion US dollars in one fell swoop. The value of the stock in the hands of shareholders has greatly increased, and the net income per share is completely predictable.

This is a win-win deal for all parties.

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

Ryan has obtained a complete industrial chain that can maximize the benefits of the things 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 between them, mutual shareholding is the default rule of the media group.

The vast majority of people or investment institutions are quite satisfied with the benefits they have obtained during this period of change, and the person who is most dissatisfied or angry must be Michael Eisner.

For profit, Wall Street can support him, but also for profit, Wall Street and Disney shareholders abandoned him.

Michael Eisner lost all his positions at Disney and became the kind of shareholder with no title and no power that he once laughed at in the bottom of his heart.

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

However, by losing the Disney chairmanship and the throne, he has undoubtedly lost his greatest talisman.

In mid-November, the Delaware Chancery Court made a ruling on the case of Disney shareholders suing the former chairman and board members including Michael Eisner, adjudging that Disney directors were negligent and dereliction of duty in the matter of Ovitz's sky-high salary and severance pay , it was determined that Michael Eisner and other directors of the company, including Michael Eisner, bear joint and several liability for compensation, while Michael Eisner bears the main responsibility, and the individual has to pay compensation plus interest for a total of 100 million US dollars.

With Michael Eisner's net worth, this amount of money is not considered traumatic, but no one can make up for the loss of his reputation caused by the losing judgment.

For a professional manager, how important is reputation to a highly developed business nation in the United States?

What is left to Michael Eisner is early retirement and finding a place to retire.

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

The mid-sized studio was sold back to its founders, the Weinstein brothers, at market value.

At the time of Disney's integration, English football also ushered in an upheaval.

Prior to this, Ryan had already owned 62% of Manchester United's shares. On the surface, because of the lack of liquidity caused by the abandonment of leveraged buyouts and the strong opposition from Manchester United fans, the acquisition was not dead or alive. Here it is.

In fact, since October, the relevant personnel of the Red Football company have re-contacted other shareholders of Manchester United's non-fan organizations, preparing to launch a new round of acquisitions.

These people are different from those diehard fans, and maybe there are fans among them, but the first concern is definitely not where the acquisition 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 point.

In November, the 'Red Football' company released new data to the market, increasing its holdings of Manchester United to 72%, and Manchester United is infinitely close to withdrawing from the stock market.

The fans once again surged with enthusiasm and launched another round of protests.

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

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

So far, Manchester United has completed the transformation from a listed company to a private property.

But 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 the fans, became the last straw that broke the camel's back. The remaining few individual shareholders and those who were not too stubborn The fans organization also transferred out the shares in their hands.

In this way, the shares held by Ryan finally reached 90%. According to relevant regulations, regardless of whether the rest of the fan organizations agree or not, they must transfer the shares they hold in Manchester United, the most successful football club in the Premier League era. , completely became his pocket.

Needless to say, if he wants to win the support of Manchester United, the management who contacted him proactively, Ryan promised Alex Ferguson that he would increase the budget for transfer fees every season, and at the same time fully support him in his pursuit of Manchester United. Technological reform.

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

Ryan promised the former noble hot girl that he would introduce her to the upper class of Hollywood as a friend. Mrs. Beckham, who had traveled between London and Los Angeles several times without gaining much, immediately made the most sensible decision. choose.

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

Ryan is also a person who keeps his promises. He deliberately chose a grand party to push the celebrity couple to Hollywood.

This is a party that Ryan convened in the name of Disney. After several years of preparation for the hard-won victory, it is natural to use the grandest way to celebrate with his allies. rs ()