Chapter 849: Outsiders and Their Own People
After leaving Credit Suisse, Roy Disney moved to Citibank, where he met with the vice president in charge of credit business, using the connections he had made over the years.
While lobbying for more shareholder support, Roy Disney is also doing another job of cutting off Michael Eisner's source of funding.
"I heard that you are going to provide Michael Eisner with a loan of up to hundreds of millions of dollars?" Roy Disney quickly got to the point after a few words of greeting: "Donovan, this news should be right, right?"
The man named Donovan, a shrewd middle-aged white man, shrugged his shoulders slightly, and said, "Roy, you are as well-informed as ever. ”
Roy Disney asked, "Are you sure you're going to give Michael Eisner a loan?"
"Why not?" said Donovan naturally, "Michael Eisner is the chairman and CEO of Walt Disney, with excellent credit and quality customers. ”
Roy Disney laughed, "Creditworthy, what if he's no longer the chairman and CEO of Disney?"
Donovan spread his hands: "But now the person sitting in these two positions is Michael Eisner." ”
Roy Disney sighed and said, "For the sake of many years of friendship, let me tell you the news that multiple shareholders of Disney, including the Disney family, have joined forces to sue Michael Eisner in the Delaware Court of Chancery. ”
This is brand new news, which Donovan did not know about before, and immediately attracted attention.
Roy Disney said: "You should have heard about the dispute between Michael Eisner and Michael Ovitz back then, Disney paid a full $140 million termination fee to get Michael Ovitz out of his contract, who was simply not capable of being CEO. ”
"Is that your reason for suing Michael Eisner?" Donovan asked.
Roy Disney nodded slowly, half-truths and half-truths: "The whole thing was decided by Michael Eisner, did not go through due corporate procedures, there were serious procedural errors, and I have direct evidence." ”
Donovan's face turned straight: "Are you keeping a back hand for today?"
Roy Disney stubbornly said: "So, this lawsuit, Michael Eisner is bound to lose, and he will pay at least $200 million." Donovan, if this happens, are you sure Michael Eisner will still be able to repay the loan?
Roy Disney reminded: "Don't forget, Michael Eisner is just a professional manager at Disney, not an owner. Disney's money belongs to all shareholders, not to him personally. ”
Donovan was cautious, although he didn't fully believe Roy Disney's words, but if this was the case, the consequences would be quite serious.
Roy Disney added: "Just wait and see the news, and by this Friday at the latest, the Delaware Court of Chancery will take up this lawsuit." ”
There weren't even a few days left, and Donovan could have waited: "Roy, hopefully Disney will solve the internal problem as soon as possible." ”
Roy Disney said: "Within this year, it will definitely be resolved, I will give an explanation to all shareholders and all investors, Disney will have a better tomorrow, and all shareholders and investors will get the benefits they deserve." ”
When Roy Disney said goodbye and left, Donovan immediately called and asked the people below to find out the specific situation, while asking the credit department to temporarily drag Michael Eisner's credit business under the pretext of procedural needs.
Walking out of Citibank, Roy Disney got into the car and let the driver return to the hotel.
"The first visit targets weren't missed, right?" Roy Disney asked the secretary in the co-pilot.
"Nope. The secretary looked at the list in his hand and said, "We have already seen the first targets next to each other. ”
After all, Roy Disney was old and had spent too much energy, so he closed his eyes and sat down in his seat and asked, "What about the afternoon trip?"
The secretary said, "Ronan Anderson of Relativity Entertainment Group has made an appointment to meet with you. ”
Roy Disney opened his eyes instantly: "Ronan Anderson, a funny young man. He seemed to be asking the secretary, and as if he was saying to himself, "Is he looking for me?
Robert Iger had already contacted him, expressing the friendliness of Relativity Entertainment.
Although he doesn't like outsiders meddling in Disney's internal affairs, Disney has not directly clashed with Relativity Entertainment, and Roy Disney has no ill feelings towards Ronan.
For Roy Disney, a more traditional old-school person, Ronan is more of a stranger to passers-by.
Disgust can't be talked about.
But the same is not good for good feelings.
is like those actors who have gone through hardships to figure out a path, and they don't look down on stars who become famous overnight.
It took Walt Disney nearly 100 years to get to where it is today, but Relativity Entertainment has completed the path that Disney has traveled for decades in just a few years.
How can this be called the favor of the older generation?
Ronan's rise is so fast, so fast that an old-school person like Roy Disney has not even figured out what kind of attitude to face it, he has stood high at the top of the circle.
Back at the hotel, having lunch, and taking a nap, Roy Disney's tired spirit improved, changed into a decent formal attire, and went to Ronan's finalized clubhouse, in a closed room, to meet the young man whose fame had long spread throughout Hollywood.
This is a young boss that even he and the entire Disney family have to pay attention to.
"Good afternoon, Mr. Anderson. Roy Disney lifted his spirits and shook Ronan's hand vigorously: "I met a Hollywood legend today. ”
Ronan said modestly: "These words make me feel ashamed. He put on a warm smile: "Roy, you are an old qualification in the circle, just call me Ronan." ”
Roy Disney didn't dwell on this kind of thing, and asked directly: "Ronan, you specifically asked people to ask me out, is there something wrong?"
"The other day, I went to visit Goldman Sachs, and I heard Lloyd Blank Fein mention that you came to New York specifically. Nine percent of what Ronan said was true: "Lloyd Blankfein said something about Disney, and I was touched, so I asked you to meet him." ”
Roy Disney's actions are not secretive in the first place, which is not surprising, saying: "The situation of Disney, Hollywood does not say that everyone knows everything, it is almost there, and it is not a secret to you." ”
Ronan nodded slightly: "So, you want to end Disney's civil strife and get Disney back on track, right?"
"It's the responsibility of everyone with the surname Disney!" Roy Disney seemed a little distressed: "Disney can't sink any longer." ”
Ronan said tentatively, "Maybe we can work together on this." ”
Roy Disney looked at Ronan, and his eyes were instantly full of vigilance: "The internal struggle within Disney is Disney's problem, and there is no need for outsiders to intervene. ”
The meaning of these words is very clear, pointing out that Ronan is an outsider and is not qualified to meddle in Disney's affairs.
Ronan understood and said, "It's really not suitable for outsiders to meddle in Disney's affairs. ”
The vigilance in Roy Disney's eyes dissipated partially, and Ronan Anderson, a young man, was quite sensible.
But Ronan then said: "Roy, I'm not an outsider! Your fight with Michael Eisner is directly related to my interests!"
"What?" Roy Disney was rather surprised: "What do you mean by that?"
Ronan said softly: "I am a shareholder of Disney, and Relativity Entertainment has close to 1.5 percent of Walt Disney shares. ”
Roy Disney looks at Ronan and doesn't seem to want to believe it's true.
Ronan took a stack of copies of the certificate of equity, placed it on top of the coffee table, and pushed it to the opposite side.
Roy Disney picked it up and looked through it quickly, and it was immediately clear that what Ronan said was the truth!
The stake is not much, but it is not too small, coupled with the fame of Relativity Entertainment, it may even have a considerable say in the shareholders' meeting.
Ronan said: "Relativity Entertainment is currently in talks about equity deals, and will increase its shareholding ratio in the future. ”
Roy Disney put down the copy, looked at Ronan, and asked, "Why?"
Ronan said frankly: "For Disney, which has many subsidiaries, a complete industrial chain, and ABC TV and ESPN, the current stock price is not reasonable. I think this is a good opportunity to buy the bottom and enter the market, and as long as Disney is back on track in the future, the stock price will inevitably rise sharply. ”
This quote was designed specifically for Roy Disney.
As a representative figure of the Disney family, Roy Disney not only has a deep affection for Disney, but also full of confidence.
He believes that as long as Disney ends this dispute, it will inevitably get back on track.
"Are you speculating?" said Roy Disney.
"So to speak. Ronan put away the copy: "If Disney develops well, Relativity Entertainment will also increase investment and seek long-term benefits." ”
He accentuated: "But the premise that all this can be achieved, Disney must get back on track as soon as possible and end this dispute." ”
Directly related to the commercial interests of Relativistic Entertainment, Roy Disney's vigilance is further reduced, and it is related to hundreds of millions of dollars in investment returns, and Relativistic Entertainment's attention is inevitable.
Roy Disney asked, "You've learned about Disney and found me, so you must have a plan?"
"It's not a plan, it's just a very rudimentary idea. Ronan said directly: "I have learned about your activities in New York this time, especially on Wall Street, because of the Netflix network, Relativity Entertainment also has some relationships between Wall Street and financial institutions, which can assist you." For example, using the company's fame to help you win shareholder support, while lobbying financial institutions, refusing to provide credit to Michael Eisner, and so on. ”
Roy Disney is a little tempted, after all, he has not been on the front line of Disney for too long, and some relationships have been indifferent, if there is relativity entertainment to help......
But he wasn't sure that Relativity Entertainment could go that far, thought about it, and suddenly asked, "What if I refuse?"