Vol 4 Chapter 288: Difficulty to reconcile

Silicon Valley has a typical Mediterranean climate, with warm winters and cool summers. In another space, Google Chairman Schmidt even said, why is Silicon Valley so successful? Why is it difficult to replicate elsewhere?

Mainly because it attracts world-class talents.

Why are those top talents willing to settle in Silicon Valley? He believes that the climate of Silicon Valley is a very important reason.

This is indeed not unreasonable. For example, Feng Yiping is certainly a top talent. Why did he choose to be an exchange student at Stanford instead of Harvard in the east? It is because the winter is warm here.

However, the Mediterranean climate also has a downside, that is, when the temperature is high, there is little rain, and when the temperature is low, it is rainy.

The day before yesterday was light rain to cloudy, yesterday it was cloudy to fine, today, intermittently, it is raining again.

Although there was no rain at this time, the sky was overcast, just like Randolph's mood at this time.

After talking to Feng Yiping, his mood has always been this way most of the time.

In the past few days, he has not been at work because he has been thinking about what Feng Yiping said.

It stands to reason that there is nothing to hesitate. After talking with Feng Yiping, one thing he is convinced is that with Feng Yiping's participation, Netflix will surely usher in great development!

He should go to Hastings to have a good talk right away and let Feng Yiping join in.

The crux of the problem is that the three parties involved in this matter currently hold three attitudes.

He himself hopes that Feng Yiping can join Netflix as a strategic investor and become a member of the company's board of directors. Of course, it seems difficult to become a single major shareholder.

Hastings, he only knows his attitude from Feng Yiping. Feng Yiping does not need to deceive him on such issues. Then Hastings is firmly opposed to Feng Yiping who has a strong willingness to buy as an investor. Be introduced, let alone join the company’s board of directors.

As for Feng Yiping, his attitude is equally clear and resolute. To acquire, it means to maintain control of the company.

He felt that his decision was very correct from the perspective of the company's growth. Investors like Feng Yiping should be the opportunity for the company's second major development. You can see this by looking at the coin star he acquired.

The current development trend of the coin star really makes him envious.

Feng Yiping insisted on the acquisition. Randolph felt that his reasons were actually very good.

He does not seem to be short of money, nor does he lack the means to make money. He is interested in Netflix, indeed because he is optimistic about this industry. He also has sufficient ideas, conditions and resources to manage Netflix well.

After asking him to pay so much, he was only a minority shareholder of Netflix. Randolph felt that he would not agree to such a condition if he was himself.

That is to say, both himself and Feng Yiping's request are actually very legitimate. Then, the only one who is somewhat untenable is Hastings.

It seems that he is really opposed to it.

That is, to facilitate this, you must first do Tong Hastings's work so that he at least does not oppose the merger.

It's just that, after so many years of cooperation, he knows Hastings's character. On such a critical issue, he is really not the kind of person who can listen to his opinions.

Moreover, to be honest, the acquisition of the company by Feng Yiping, although intellectually, he felt that it was indeed for their children and that Netflix's development would be better, but psychologically, he was also somewhat unable to accept it for a while.

They founded Netflix not to cash out as soon as possible, but to treat it as their own business and Netflix as their child.

Psychologically and emotionally, he really couldn't accept his children calling others Dad.

But the problem is, not so. Seeing the successive challenges the company is facing, it is really difficult to get through safely, especially when Hastings seems to be a little lost.

After thinking and thinking, he still decided that he should have a good talk with Hastings, and talk frankly.

…………

"In many other aspects, Wal-Mart's overall conditions are indeed better than ours. However, in the field of DVD online rentals, it does not have our expertise. Therefore, I think the best way to deal with Wal-Mart's challenges is to further enhance our professionalism." At the meeting, Chief Operating Officer Sam was analyzing the pros and cons of the company and Wal-Mart.

"Therefore, Hastings, we feel that, whether it is for business needs or for meeting the challenges of Wal-Mart and Blockbuster, we need to build another transfer center to improve our logistics efficiency. To increase the satisfaction of members,"

It should be said that this is at least a symptomatic proposal.

"The company's finances can come up with this budget," CFO Billy added.

Hastings hadn't reacted before, resting his elbows on the conference table and looking at his laptop screen intently, but when Billy said he wanted to take money out, he immediately responded, "No, no," he Shaking his head a few times, "At least for the rest of this fiscal year, we will not invest large sums in fixed assets."

"But, Hastings, don't you think this is a good investment necessary to consolidate our advantages and improve our competitiveness?" asked Sam, the chief operating officer.

He was a little dissatisfied.

These days, Hastings can't wait to chase them behind their **** and ask them to come up with a practical response plan.

This is a very good decision made by his department after such a long period of research. However, Hastings denied it with this reason. Why?

"Is it for the fourth quarter report?" Billy, the chief financial officer, thought a long way.

For listed companies, every financial report is equivalent to their transcript. Investors use this transcript to determine their support.

If you see weak customer growth in the financial report, after removing all investments, the remaining profits are also very small. Most of them don’t bother to care if you have made necessary fixed asset investments again, whether you have consolidated it again The foundation has strengthened one's own advantages.

They only think that Netflix’s performance is very poor, and the future development is not very optimistic, so they will not let you abandon or give up. It is estimated that as soon as such a financial report comes out, many people will immediately sell their holdings of Netflix. stock.

For Netflix and Hastings, that would definitely make things worse.

"There are considerations in this regard," Hastings said.

Everyone is waiting for his next sentence, that is, there are other considerations, which aspect?

But Hastings did not continue to answer this question.

The key is really difficult to answer. Under the premise that it is possible to be acquired maliciously at any time, every dollar of cash reserves is precious. But, how can he say this now?

"Next opinion," Hastings said, then looked down at his own computer.

Sam and Billy looked at each other and shook their heads impenetrably.

Although they don't know the inside story, they can also feel Hastings' recent anomalies. For example, just like now, he will often reject some seemingly good and normal proposals for no reason.

He must be something.

What is it that makes Hastings, who has always been resolute, so out of state, is it that even he is optimistic about the company's development?

"We believe that the center of all company activities should revolve around user satisfaction. Therefore, our next opinion is," Sam hadn't finished speaking, "Kang", the door of the conference room was opened. Randolph, who had been absent from meetings these days, came in.

The participants at the meeting clearly saw that, like Hastings, Randolph also had very obvious dark circles. Both of them were awake at night. It seems that the company's prospects are really not optimistic. Several people will immediately miss you.

Hearing the noise, Hastings raised his head and glanced up, and then motioned to Sam with a blank face, "You go on,"

"Wait," Randolph knocked on the table. "Let's end the meeting first. I have something to discuss with Hastings."

Hastings looked up at Randolph dissatisfiedly, but Randolph clapped his hands and urged, "Let's go,"

The executives who noticed something strange walked clean in a short while. As soon as the door was closed from the outside, Hastings couldn't help but shut the notebook heavily, "Randolph, what are you doing?"

The atmosphere in the conference room was tense for a while.

Randolph pulled a chair and sat down beside him, "It's because of NEXTDOOR, it's because of Feng Yiping, right, I mean you are the most stressed now,"

Hastings was dumbfounded, "What did you say?"

Seeing Randolph still looking straight at himself, he changed a bit, "How did you know?"

Followed him suspiciously, "Could it be that they were looking for you?"

"Yes, they came to me. I just met Feng Yiping a few days ago," Randolph said very calmly.

"How could he be like this? How dare he?" Hastings pulled up his chair and stood up abruptly, angrily.

"Hastings, I don't know if you have reached a consensus with him, but you must be clear, at least in the case of Redbox, our approach is actually not commendable," Randolph said.

Hastings touched the goatee, and it was true. He should be sturdy to add a blockage to Feng Yiping and NEXTDOOR.

Furthermore, Feng Yiping did keep his promise to him and did not disclose the news of his last visit to NEXTDOOR to the newspaper.

However, since he was determined to pay attention to the acquisition of Netflix, and he did not agree, then they began to contact the board members, which is also due.

Randolph, who is also the co-founder, is naturally the most important object

"By the way, before that, they had already put forward the request for mergers and acquisitions, right, so you reacted so much to them and McDonald's to operate Redbox,"

"Hastins, your first contact should be this summer, right? Why are you hiding this from me, shouldn't you tell me earlier?"

"Randolph, man, I don't want you to be under too much pressure," Hastings said.

"No, no, I don't think it's the case at all. I know you should understand my choice, so you wouldn't choose to tell me," Randolph had already figured out why Hastings wanted to hide this from himself.

"I don't understand why you say that,"

"Don't understand?" Randolph also stood up with his arms akimbo, "How could you not understand? You should understand very well, you should be clear. After I listened to Feng's explanation and proposal, I proceeded from the company's interests. You will definitely agree with part of his plan, right? That's why you chose to hide it."

"So, do you agree that Feng~www.wuxiaspot.com~ that little Chinese guy will buy our company?" Hastings became anxious and even became rude.

Although Randolph has always stood behind him, it is undeniable that Randolph has a great influence on both the company and the board of directors. If he does not even support himself, it is conceivable that the board of directors It’s certainly harder for other members to support themselves.

Wait, other members of the board? "You know, did they contact those other people?" he asked eagerly.

"What do you think?" Randolph asked rhetorically, "Even if there is no contact now, they will definitely be contacted in the future, and I don't think they will do their work patiently to everyone as they do to both of us."

Randolph paused, "Other directors and shareholders, they will probably quote directly,"

"Hastings, do you think that under the current situation, as long as their offer is reasonable, others will agree to sell or not?"

That is naturally agreed, and others will be happy to think that there is finally a chance to solve the problem.

"Randolph, as long as you support me, that's fine," Hastings said.

"I think what Feng said is not unreasonable,"

Hastings was really annoyed, and could no longer contain his anger, and patted on the table, "Why don't you understand?"

"Why don't you understand?" Randolph's pitch was higher, and the table was shot louder. "Netflix, it's not yours alone. I have the right to proceed from the company's interests. Support will definitely be The company’s favorable plan,"

Hastings shook his head sadly, Randolph akimbo, looking at him unmovedly, the two co-founders, in the conference room like a bullfight.

Outside, the Netflix employees who heard the movement in the conference room couldn't help but stare at each other. (To be continued.)