Chapter 919: Letters

Don didn't want to have a long night and dreams, he had to get rid of the trouble quickly.

For this reason, he specifically postponed his flight to Japan and waited for Jack Welch.

Donn is inexperienced and a little caught off guard by executive power battles like Barry Diller and Robert Iger, but Jack Welch is different, and he will be able to handle it.

After retiring from his position as chairman and CEO of General Electric, Jack Welch founded his own consulting services company, with Donn as the first partner.

Beginning, he was an advisor to Down Pictures.

After the establishment of New Global, the two sides deepened their cooperation.

Jack Welch is a shareholder of New Globe and, in addition to his role as an advisor, also serves as Chairman of the Management Committee. Although it is a second-tier position, it also has an annual salary of $150,000 per year.

The company is in trouble, and he should come forward to solve it.

"The latest contradiction is actually the fashion industry. Jack Welch listened to Donn's story and pointed to the core.

Don nodded approvingly.

Previously, there were also contradictions between the two factions.

But at least it can be controlled.

However, when Donn stated that he wanted to make efforts to enter the fashion industry and further enrich the downstream ecological chain of films, it caused a strong backlash from Barry Diller.

The head of the consumer goods department is Andrew Mooney, who is a man of Robert Iger.

Don said: "Barry's behavior that harms the interests of the company is disappointing!"

Jack Welch groaned, "Donn, how determined are you to enter the fashion industry?"

"Huh?" Donn raised an eyebrow.

Jack Welch said: "It seems to me that the business of a large company, especially an industry leader like New Globe, has to be one of the best in the industry. If you can't do the best in the industry, you just don't do it. Otherwise, it will only affect the company's brand value. ”

When he was at the helm of General Electric, he cut hundreds of profitable projects of GE because those projects were not the top industries in the industry.

Under this "one of the best" strategy, GE has completed a gorgeous qualitative change and become the world's largest giant company, and he has also become the world's number one manager.

After his retirement, General Electric had a noticeably hard time, and its market value had shrunk by more than $200 billion.

"The acquisition of Prada is only the first step, and next, New Universal will enter the fashion industry in an all-round way! In the future, the consumer goods business will be comparable to the LVMH group, the empire of the fashion industry!"

Jack Welch nodded and said, "Winner takes all, it's the highest law of business." If you can really make the fashion industry as big as LVMH, there is no possibility of losing money. Fashion, in essence, is the service industry, and Warren Buffett said that this is an industry with permanent profits that will never disappear. ”

Hearing this, Tang En's mood suddenly improved a lot, and he smiled: "I think so too." Truth be told, if the acquisition of Prada goes well, I plan to buy Victoria's Secret as well. ”

"Well, I heard. I also have some dealings with LB, and when the time comes, ...... I'll give you the lead and convince the two major shareholders that it's not a big problem. The prerequisite is that you need to exchange the shares of New Global. ”

"Absolutely!"

Don's eyes lit up, and his mood became more comfortable.

Sure enough, there is an old man in the family, if there is a treasure.

A figure like Jack Welch is so detached in the American business world that any company, any investor, has to consider his influence.

For example, when Disney wanted to buy a TV station, it encountered layers of obstacles.

First, the acquisition of CBS, failed.

It was another acquisition of NBC, which also failed.

Later, Michael Eisner opened up the relationship with Warren Buffett through Michael Ovitz. Then, Buffett only said that "the combination of Disney and ABC is in the long-term interests of both parties", and easily facilitated the merger and acquisition of Disney and ABC worth $19 billion.

However, how to solve the current internal contradictions of New Globe?

Jack Welch said, "Since you have ambitions for the layout of the fashion industry, then Barry Diller...... It's not that important. ”

"Huh?"

Don was stunned.

It doesn't matter anymore, what do you mean?

You can't just fire him, can you?

Donn doesn't care about the $80 million termination damages, and the key is that Barry Diller is still important to the new world right now.

In 2006, New Global went public.

After the company is listed, let him retire, which is a gorgeous curtain call.

If you dismiss him now, it will be a matter of unloading the mill and killing the donkey.

It's spread out, and the reputation is too bad.

Jack Welch saw Donn's surprise, smiled slightly, waved his hand, and said, "I heard that you have to go on a business trip?"

Don said calmly: "Well, go around Asia and promote the movie "The Departed" starring me." ”

The corners of Jack Welch's mouth twitched, and he broke down a little.

With such a serious conflict in management, are you still in the mood to go to Asia to promote the movie?

You're a ...... Well, you're a film artist!

"Alright, if you want to go, go ahead. I'll help you solve the company's affairs. ”

"How to fix it?"

"Tell me the truth. ”

"Tell me the truth?"

Tang En was stunned, quite puzzled.

Jack Welch said: "Everyone is smart, and sometimes, when we play some complicated tricks, we fall behind. I will make it clear to Barry about your determination to enter the fashion industry, and then give him an analysis of the current interests of New Universal, and I think he can make the best choice. ”

Don was a little dazed, "It's that simple?"

"Of course it's not that simple!"

Jack Welch snorted, "Robert Egger...... I don't know much about that guy, and this is a test. Barry Diller will not interfere in the affairs of the fashion industry, and he cannot be allowed to interfere. If Robert Iger can do this job well and really open up the pattern in the fashion industry, then everything is easy to say. If he doesn't do enough within two years, then after two years, you can honestly renew Barry's contract and find another successor. ”

Don was naturally full of confidence in Robert Egger, and said firmly: "Bob he can, I believe in him!"

With his strong support, he didn't believe that Robert Iger couldn't even do this little thing.

If it really doesn't work, then, as Jack Welch said, another successor will have to be found.

As for renewing the contract with Barry Diller...... Don't even think about it!

Never!

This incident made Don very disappointed.

Disappointed!

It is too much to engage in a power struggle at the expense of the company.

In particular, the alliance of Barry Diller and Bill McNick is too influential for even Don to balance.

After the company goes public, they will leave the front-line jobs and take a back seat!

……

The plane flew to Tokyo.

The journey was long, and little Taylor fell asleep on his stomach.

Don carried her to the bedroom, took off her coat, and gently covered the quilt.

Then, he reflexively returned to the work area, asked the flight attendant for a cup of coffee, opened his laptop, and wrote a letter:

"New Globe will have even greater development, and entering the fashion industry is only the first step, and the listing plan is just the beginning. As an employer of a large company, no matter who you are, you are subject to all shareholders and are responsible for their interests. This is not because everyone thinks differently and has a different management style, but because of the prerequisites that allow managers to always be correct, humane, humble, sensitive, shrewd, shrewd, and ethical...... The managers of the company must meet the ethical standards, so that the whole company can see and be convinced. Welch taught me to behave like 'Margaret Thatcher,' and this is advice to all managers, especially managers of public companies. In the past two years, New World has made amazing progress thanks to the efforts of you. However, this is just the beginning. History will remember the strugglers of our generation. ”

The letter was forwarded to every group executive, including Barry Diller, Robert Iger, Brandi Norris, Bill McNick, Jeff Zucker, Kevin Turner, Andrew Mooney, and Bob Chapek.

。 Nine Heavenly God Emperors