Chapter 1183: Criticism
Michael Eisner did not want a shareholder meeting.
At this juncture when the stock price is depressed, once the shareholders gather and gain power, they will definitely challenge him as the CEO.
Since becoming Disney's CEO in 1984, he has almost been at the helm of Disney at his most powerless, even more emaciated than the Roy Disney-led "Inverted Eisner" movement a few years ago.
However, Swift Fund is the largest shareholder of Disney and is qualified to propose a general meeting of shareholders.
Michael Eisner took his henchman Peter Murphy to have a good talk with Scott Swift and persuade him to give up the idea of proposing a shareholder meeting.
You're a venture capital expert, playing with the internet and technology industries. Disney's media and entertainment industry is not the same as you! You just honestly hold stocks and wait for them to appreciate, don't toss!
Scott Swift apparently doesn't think so.
He came to the CEO's office and preemptively struck.
"I thought Disney stock was a value investment, but it turned out to be very disappointing. You didn't do anything to boost the stock price, I just bought a large amount of stock from the Bass family, and in the last two days, I've lost $60 million!"
Michael Eisner's heart jumped, and he felt that the other party was not good.
Since it is a value investment, it must be a long-term investment.
How can we look at the short-term stock price performance?
Henchman Peter Murphy said with a smile: "The recent situation in Hollywood has been a bit complicated, forming a collective negative atmosphere. Disney's share price fell in a narrow range, and it was understandable. But rest assured, Disney's stock price has the bottom support and can't fall anymore. ”
"Bearish atmosphere?" Scott Swift's face was indifferent, "Don't forget my major, my understanding of the financial market is definitely better than yours." Disney's stock price is falling, but CBS's stock price is rising, isn't that your operational mistake?"
Peter Murphy's face was a little embarrassed.
That's for sure!
The outside world has spread the word!
There's a chance that the next season of American Idol will be streamed from ABC to CBS. With Disney shares falling, it's no surprise that CBS shares are rising.
Michael Eisner said in a deep voice, "Mr. Swift, you may not know much about the entertainment industry. Hollywood is now the most chaotic time in the past few decades, and as long as this period passes, everything will naturally get better. ”
"Why is it messy?"
"Uh......"
Michael Eisner and Peter Murphy looked at each other, both helpless.
Are you really stupid or fake stupid?
Don't know this?
The Big Five Alliance is encircling and suppressing the new universe!
A new operation is underway within Hollywood!
Scott Swift didn't seem to know much about all this, took out a document from his briefcase, his face was solemn, and he shook his head frequently: "In the past two days, I have met with a number of directors, shareholders, and current and former Disney executives, and I have understood a lot of Disney's management issues. It's not optimistic!"
Michael Eisner's face turned pale.
Scott Swift was unmoved, took out a document, and said lightly: "Looking back at Disney's expansion strategy over the past few years, it is not difficult to find that there are gains and losses. Most of the retail stores and theme parks are overheated, and there is a Disney Adventure Park next to Disneyland in California.
Peter Murphy couldn't help but say, "Isn't ESPN bright enough? ESPN is the most profitable cable channel in the United States!"
Scott Swift said: "You can't generalize, and ESPN's success can't hide ABC's decline. Most importantly, Disney's presence in the television distribution network is particularly weak. ”
This is a topic forbidden by Michael Eisner, who was laughed at angrily, interrupted Peter Murphy, who was about to argue, and waved his hand: "Okay, I remember, you go on!"
A little more threatening!
He is the chairman of the board of directors and the CEO of Disney, and he is extremely powerful.
He had already thought that if this Scott Swift really dared to make any kind of moth, then he would deal with it first and control him first.
After a while, the situation calms down, and Disney's stock price also rises smoothly, and he will definitely take revenge!
Don't look at Scott Swift as the majority shareholder, but Michael Eisner has more than enough ways for him to suffer huge losses in his investment in Disney.
"Don't mess with me!"
Michael Eisner thought to himself.
Scott Swift's face was indifferent, as calm as Taishan, and continued: "During this time, I have received many complaints from animators, thinking that you have too many restrictions on Disney's artistic creation, which has seriously affected their creative ideas, which is the root cause of Disney's animation embarrassment. Of course, I'm more concerned with another thing, you take this approach in administrative management as well. You will send two or three people to be in charge of a department, and you will form a 'committee' situation, and no one will have absolute sovereignty and check each other. This will not promote healthy competition, but will intensify internal power tricks!"
"You can't say that...... Peter Murphy couldn't help it, he saw that the big boss was already on the verge of an outburst of anger.
Michael Eisner interrupted him again, waved his hand, and said coldly, "Let him continue!"
Scott Swift said, "Mr. Eisner, you see, I'm not targeting you, I'm just laying out my investigative report over the past few days and what some Disney insiders think about you. Your biggest mistake is the mistake of hiring policy, and the epitome is Jeffrey Katzenberg and Michael Ovitz. For the former, Disney paid $270 million, and for the latter, Disney paid $160 million, which is simply ridiculous!"
Michael Eisner has run out of patience!
Who has dared to criticize him mercilessly in front of him in the past few decades?
Unexpectedly, the next sentence seemed to pour a basin of cold water on him, and he sobered up a lot.
Just hear Scott Swift say, "Just yesterday, I had coffee with Mr. Roy Disney. ”
"Coffee with Roy?"
Michael Eisner looked shocked, and Peter Murphy looked like he couldn't live forever.
Who is Roy Disney?
The current patriarch of the Disney family!
It's the banner man against Michael Eisner!
If it weren't for the collusion between Michael Eisner and Donne, he wouldn't have been able to pass the Roy Disney level at all, and he might have stepped down directly.
Now, the crisis has reappeared.
The new majority shareholder had a secret meeting with Roy Disney at this time, which scared Michael Eisner!
There is a feeling of being ousted at any moment.
The corners of Scott Swift's mouth curled and he smiled slightly, "Yes, Mr. Disney is a very kind and kind old man, he has a very deep affection for Disney, I am willing to listen, I admire him." ”