Chapter 852: Wait a while

Just as Ronan was dealing with the Charles Rowan vs. Christopher Nolan dispute, something happened in Hollywood that caused a sensation across the United States.

The Disney family, represented by Roy Disney, together with a number of Disney shareholders, jointly convened a press conference to publicly accuse Michael Eisner, the current chairman and CEO of Walt Disney, and pointed out that Michael Eisner was arbitrary and committed serious procedural errors in hiring Michael Ovitz as Disney's CEO and subsequent dismissal at Walt Disney, allowing Disney to pay Michael Ovitz as much as $140 million in liquidated damages in vain.

In addition, they claim that Michael Eisner must also be directly responsible for many of Michael Ovitz's wasteful expenses during his extremely short tenure at Disney.

For example, Michael Ovitz spent more than $5 million to renovate his luxury office, and other things like cars, planes, and daily life, all kinds of excessive expenses are countless.

The consortium led by Roy Disney officially announced that it had filed an indictment in Delaware, where Disney was registered, suing Michael Eisner to the Delaware Court of Chancery, holding Michael Eisner accountable for the matter and proposing up to $250 million in damages with interest.

Shareholders suing the company's current chairman and chief executive officer is relatively rare, even in a business society like the United States.

With the press conference, Disney's internal contradictions, the infighting between the two factions of Roy Disney and Michael Eisner, were also officially made public and placed in front of the media and the public.

For a while, from the financial circle to the entertainment industry to the general public, there was a lot of discussion.

This is undoubtedly a killer move carefully prepared by Roy Disney.

The Michael Owitz incident was not a secret in high-level circles, and they basically understood the cause and effect, and Michael Eisner must have had a problem with the procedure.

For those who are interested in working with Michael Eisner, especially those who are willing to borrow money, it is important to consider the possible consequences of Michael Eisner's defeat in the event of a lawsuit.

"Disney's stock price, which was slowly declining, has also begun to stabilize. ”

Walking down the hallway to the conference room, Robert Iger said to Ronan: "It's clear that Michael Eisner and Roy Disney, while fighting allies, are also using funds to eat Disney shares to take more initiative." ”

"Roy Disney is old and strong, and this will cut off Michael Eisner's source of funding," Ronan said. ”

Robert Iger nodded and said: "Michael Eisner will not have a lot of liquidity, except for the income from working as a professional manager at Disney over the years, he basically has no other large source of income, and it is not easy to cash out the income that becomes fixed assets in a short period of time." ”

He sighed lightly: "Michael Eisner actually controls a lot of money, but Disney's money is not his money, and if he dares to embezzle, he will only die suddenly." ”

"Michael Eisner wouldn't be so stupid and volunteered to go to jail," Ronan said. He should know that Roy Disney will definitely be staring at him. ”

Robert Iger added: "Roy Disney has obviously been preparing for many years, and probably had the first idea of ousting Michael Eisner from power in the late nineties. If this continues, Michael Eisner has little chance of winning. ”

Ronan also discovered that Michael Eisner was not wronged when he lost.

Perhaps, Michael Eisner thought that as long as he sat in the position of chairman and CEO of Disney, he would have an absolute advantage, and he never took Roy Disney very seriously.

Over the past 20 years, Michael Eisner has indeed split the Disney family's stake in Disney through acquisitions, financing, and share expansion, so that Walt Disney no longer belongs only to Disney.

The two arrived at the front of the conference room, and Ronan opened the door and walked in first, followed by Robert Iger.

"Good morning, everyone. Ronan greeted with a smile.

Most of you here are acquaintances who have a direct investment relationship with the Netflix network.

There weren't many people, only five people.

Representing Goldman Sachs was an old acquaintance, Lloyd Blankfein.

Steve Jobs also came over, and although he didn't say a word, he sat here, and it represented an attitude.

Ronan shook hands one by one, pulled out a chair and sat down, waited for Robert Iger to say a few words, took over the lead, and said directly: "Everyone, we have all cooperated before, and we are all shareholders of Nafi Network. ”

When it comes to the Netflix network, everyone is in a very good mood, talking and laughing.

Since investing in Netflix Networks, they have never regretted it, and the rising stock price of Netflix Networks has also made their investment returns continue to rise.

Lloyd Blankfein said: "There are still too few Netflix shares circulating in the market. Ronan, when Netflix will raise a second fund, we have been waiting for it. ”

"There is definitely a secondary financing. Ronan knows that the day of Netflix network burning money is still ahead: "Please be patient, we are partners, if Netflix network raises again, we will definitely give priority to all of you here." ”

These words undoubtedly made the atmosphere in the conference room more and more harmonious.

Steve Jobs didn't speak, just silently observed, and became more and more sure in his heart that Ronan Anderson is worth investing in.

With vision, ability and determination, such young people often mean a bright future.

After discussing it for a while, Ronan changed the topic at the right time: "Outside of the Netflix network, we actually have a common identity. ”

None of the fools in the room understood what Ronan was talking about.

"We're all still shareholders of Walt Disney, and we own more than one percent, or more than $350 million worth of Disney equity," Ronan said. ”

Lloyd Blankfein said: "Goldman Sachs estimates are the largest, close to three percent, with a total value of $1 billion. ”

A senior president from Morgan Stanley said: "We also have a lot of hands, originally thinking that Disney would merge ABC TV, once the two sides are integrated, Walt Disney's stock price will climb significantly, but the result is ...... Disney has been really disappointed in recent years. ”

Another said: "It's a pity to sell, you may even lose money, and you can't see any hope in the short term, it's not a good investment." ”

"Among the people in the room, Relativity Entertainment was the last to enter. Ronan said at this time: "But hundreds of millions of dollars have also been invested. ”

Lloyd Blank Lane wondered: "I have always wondered why Relativity Entertainment suddenly wants to take a stake in Disney. ”

Ronan said directly: "Because I see an opportunity, an opportunity to make a profit on Disney." ”

These people immediately thought of Roy Disney, who came to the door some time ago, and exchanged a look with each other, all speculating that Ronan might be standing with Roy Disney.

Want to use your influence and partnerships to gain allies for Roy Disney?

Lloyd Blankfein, who is most familiar with Ronan, said directly: "Ronan, it seems that you are ready to support Roy Disney?"

Before Ronan could speak, another person said, "Can Roy Disney turn Disney's fortune around and make our investment worthwhile?"

"Support Roy Disney?" Ronan said suddenly, "Why support Roy Disney?"

Everyone, including Lloyd Blankfein, looked at Ronan with a little surprise, which did surprise them.

Ronan specifically asked, "Guys, I don't know if you've thought about it, does Roy Disney have the ability to lead Walt Disney out of trouble?"

He didn't need anyone else to answer: "Who developed Walt Disney from a single studio to the entertainment media group it is today? In the past 20 years, Roy Disney has never been involved in the front-line work of Disney, and he is too far away from the first-line market of this industry, to put it inappropriately, he has no ability or energy to ensure that Walt Disney is back on track. Sure, he could hire a professional manager for Walt Disney again, but what are the odds of someone who has been away from first-tier markets and management for as many as two decades making the right choice?"

Everyone didn't speak, but they were all thinking about Ronan's words.

"Also, to put it a little arrogantly, Relativity Entertainment and I have our eyes on Walt Disney. Ronan now has the ability to say this: "So, as a partner, I specially say hello to you in advance." Maybe Disney's investment is nothing in the hands of everyone who has a big business, but it is also a property of hundreds of millions of dollars. ”

He looked at Robert Iger: "Bob and I have a plan, if it goes well, you can not only recoup your investment, but even hope to make a certain profit." ”

Lloyd Blankfein smiled: "We're not going to invest resources in Disney anymore. ”

"You don't need to invest. Robert Iger duly concluded: "The specific work is done by Relativity Entertainment. ”

He looked at Steve Jobs, who spoke slowly: "I will also cooperate with the theory of relativity entertainment." ”

The children in Pixar need to go home.

"Relativity Entertainment is really going to target Disney?" someone asked.

Ronan said: "Disney's shareholder meeting is clear. He said to Robert Iger, "Let's get started." ”

These are people who will never be tempted if they don't see the benefits, and Ronan didn't expect a few words to impress them.

Robert Iger personally sent them the relevant plan: "We will harvest at the end of these meetings, what you have seen and heard today, out of this conference room, as if nothing happened, and Ronan and I will not admit it." When the opportunity arises, it's not too late for you to make a move. ”

After a quick flip through it, thinking of the huge influence and success rate of Relativity Entertainment in Hollywood and the film industry today, Lloyd Blankfein said, "Okay, let's be patient for a while." ”