Chapter 468: As long as you are willing to throw money
From dusk and sunset to the high-rise buildings lit up with lights, Manhattan is a sea of lights.
Estiatorio Milos, which claims to have brought Greece to New York City. Olive trees and beach umbrellas create an interesting Greek atmosphere, and in the concrete city of New York City, it's a great place to "steal half a day".
With a bright and airy atmosphere, a lot of fresh vegetables, seafood, and fish are displayed in the middle of the hall like a market, so that gourmets can immediately whet their appetite when they see these colorful ingredients.
"Dingβ"
On the white dining table, Arthur touched the goblet of red wine with a graceful smile and the wine glass in the hand of Gary Lopez, CEO of AMC, and drank together, smiled at each other, and put down the wine glass one after another.
"Hehe, believe my information, you should also be very clear, for the business world, I can only be regarded as a newcomer, but the biggest advantage of me is that I understand, and I am willing to share the fruits of success with others, my philosophy is to have money for everyone to earn and make a fortune together.
For example, the coastal power plant, which has just been listed, has created dozens of millionaires at one time, and I have never been a stingy person... β
Arthur smiled and looked at Gary Lopez on the other side and said very sincerely, and Gary Lopez nodded approvingly at what the young count said.
"To be honest, I didn't expect it to be so difficult to acquire AMC Cinemas this time, the five major holding funds are completely squeezing the potential value of AMC to the limit, carrying such a huge amount of debt, but they are still constantly using new debts to pay off old debts, accumulating more debts, and want to make another profit through IPO.
Seriously, the prospects of AMC cinema companies are very worrying, if once the listing is successful, before the debt expires, they will inevitably get rid of the AMC company that was sucked dry by them, and when the time comes, someone will take over this mess, and it is good to say that if the debt defaults, the company will only have bankruptcy protection.
I believe that this is by no means what the company's management and all employees want to see, of course, even if my acquisition fails, the five major funds mess up the company, there will be other capital waiting for the opportunity in the dark, capital is eternal, cold, and the most efficient, and the war in the capital market will never stop.
It's just that what I want to tell you is that I value AMC Cinema Line, not to use it to make money and capital operation, but to really want to do a good job in the cinema chain, and I want to establish an international cinema chain across North America and Europe!
I hope that the management who know AMC best can help me and complete the acquisition, otherwise I will be blocked by them and you will continue to fall victim to their arbitrage and financial operations. β
Arthur's words, which could not be described as insincere and thorough, did not hide the reality in the slightest, also made the expression of Gary Lopez, who was still smiling on the other side, condense, his eyes were gloomy, and he frowned and pondered.
Arthur didn't bother Gehry's musings in the slightest, but waited very patiently, took a sip of red wine, and elegantly put the wine glass back on the table.
"What do you get if management cooperates with your acquisition? Can you promise golden parachute protection to the main person in charge?"
Hearing the question raised by the other party, Arthur couldn't help but shake his head and chuckle, the so-called golden parachute protection, that is, the severance compensation plan, is generally a preparation for anti-takeover.
"I can promise to give you the golden parachute protection if you need it, but what I hope is that the management will be able to stay and continue to work for AMC Cinemas, I hope that there will be a smooth transition, and I also need you management professionals to help me run and manage the company. β
Arthur agreed without hesitation, and at the same time showed that he valued their group of management, stretched out his finger with a bright smile, and continued to Gary Lopez, who was slightly moved when he heard his words.
"According to my understanding, AMC's income system is divided into three parts, basic annual salary, annual performance bonus, and long-term equity incentives. Right?"
Gary Lopez looked at Arthur, who stretched out three fingers and smiled, nodded and said, "Yes." β
βγγγ Among them, the annual performance bonus is divided into company performance and individual performance parts. If my acquisition is successful, then during the transition period, my requirement is that AMC's net profit will be assessed at $1 million. If it does not reach $1 million, the company's performance portion of the annual performance bonus will not be paid.
Over $1 million, management can receive an agreed annual performance bonus. For every $1 million in net profit, AMC pays an additional annual performance bonus of five percent. The individual performance component is not based on net gains, but on key performance criteria, including contribution to strategic and financial goals. What do you think of this request?"
Arthur looked at Gary Lopez, whose eyes became extremely bright as he spoke, and couldn't help but smile in his heart, saying that everything else was useless, nothing was worth real money.
"No problem at all, and I'm sure everyone will be very satisfied!"
"Haha... Arthur laughed happily and said, "That's good." Of course, the bonuses for the management's personal incentives will also be significantly increased. For example, you can increase your incentive from 70% to 90% of your annual salary, and Executive Vice President Craig Gramsey and John McDonald can also increase your incentive from 65% to 70% of your annual salary.
As for equity incentives... If AMC goes public in the future, I can set a cap on the share awards, which is 10% of the total number of shares to the management!"
"Whew-"
Hearing Arthur's conditions, Gary Lopez was genuinely moved, exhaled fiercely in his heart, and looked at the eyes of the young English earl opposite, with a lot of goodwill and admiration.
Although he is young, his handwriting and pattern are indeed very large, and the conditions given are very down-to-earth, which makes it impossible to refuse.
"Thank you for your attention to us, and I am sure that my colleagues will be very happy with the generous treatment you have given. β
Hearing Gehry's words, Arthur's smile became brighter and brighter, he knew that the effect of his promise to throw money was very successful, and at the same time, he also saw how unpopular the five major controlling shareholders were in the AMC cinema chain.
In business, there are no managers who like shareholders to use various names to cash out profits, draw blood from the company, and squeeze the company's value, even if shareholders give these management very high treatment, it is undoubtedly exchanging their careers for short-term profits.
Of course, Arthur naturally will not just throw money, and these managers naturally have the same requirements for them to be treated, which both parties are very clear, but now, it is not the time to say, after all, Arthur has not yet acquired AMC.
However, these promises allowed Arthur to get the sincere help of AMC's management, and there is nothing more than a combination of inside and outside, and he can win a hundred battles.
After a pleasant dinner, Gary Lopez, with Arthur's generous commitment, contacted all the senior management and held a video conference together to unify ideas and make decisions.
The next morning, Arthur received a call from Gary Lopez and sent someone to get a file bag from him, and he couldn't help but smile happily when he saw the extremely detailed business list, asset catalog, debt list, and all kinds of confidential information of AMC.