Chapter 663 Reform Plan
Mark made a big deal on Time Warner's board of directors, promising a 7 percent annual growth, successfully gaining the support of the board of directors and gaining control and leadership of management.
Who would dare to make such an astonishing promise to such a giant company? If it can't be done, it will have to be cleaned up and rectified by the board of directors, and a layer of skin will be shed if it doesn't die.
Mark dared, why was he so arrogant? Just because he had a golden finger, and it wouldn't be too difficult.
The Wall Street Journal reported that the market value of Pingguo exceeded $1 trillion, benefiting billionaires and ordinary investors who invested in the company, and at the same time making Warren Buffett, the "god of stocks", among the biggest winners, becoming the top rich.
Apple's stock price hit an all-time high of $207.05 intraday, and the market successfully exceeded one trillion dollars, becoming the first company in the world to exceed one trillion dollars in a single market. Apple's third-quarter data showed sales rose 17% to $53.3 billion, while profits jumped 32% to $11.52 billion. Both exceeded Wall Street's expectations.
According to a report by the Wall Street Journal on the 3rd, Warren Buffett's Berkshire Hathaway is Apple's second largest shareholder, holding about 5% of the shares. Berkshire Hathaway bought Apple stock for the first time in the first quarter of 2016. According to data released by FactSet, a research firm in the United States, the company bought $1 billion worth of Apple shares at $99.02 per share, which is less than half the current price.
According to the data, Berkshire Hathaway has steadily increased its stake in Apple since then, investing more than $30 billion between the first quarter of 2016 and the first quarter of 2018. As of March 31 this year, Apple was still a heavy stock in Berkshire Hathaway, and its holdings of Apple shares were worth nearly $50 billion at the closing price on August 2.
Warren Buffett has historically been reluctant to invest in technology companies, but said he is bullish on Apple because it is a retail company with a strong brand. The report said.
Warren Buffett once said in an interview that he is one of Apple's fans. "It's an incredible business. We really like the economics of their activities, but also the management of this company and their way of thinking. Warren Buffett said.
Since Warren Buffett's comment, Pingguo's stock price has risen by 19%, and the cumulative increase since the beginning of this year has reached 34%. Over the same period, the Dow Jones Industrial Average rose 2.5% and 15%, respectively. Pingguo is currently a constituent of the Dow Jones Industrial Average.
Considering that Apple is widely held by mutual funds and exchange-traded funds (ETFs), there are plenty of other investors who have also benefited from the rise in Apple's share price.
Mutual funds and ETFs hold about 1.1 billion shares of Apple stock, or about 21% of Apple's shares, according to Morningstar. These holdings are now worth about $220 billion.
According to the Wall Street Journal, a fund owned by State Street holds 55.8 million shares of Pingguo stock, the largest of all funds.
At the same time, index fund giants such as the world's second-largest fund manager, Pioneer Group, BlackRock and State Street are among Apple's largest shareholders. According to FactSet, η±³ε½Pioneer Group is the largest shareholder of Pingguo, holding more than 342 million shares. Together, the three hold nearly 16 percent of Apple's shares, which are spread across dozens of mutual funds and ETFs.
Warren Buffett's goods, by virtue of reselling, became a frequent visitor to Forbes' top ten richest people, but what really made him into the top three was the shares of Pingguo Company, which only began to build a position in 2016, which made him earn tens of billions, and now there is Mark, and there is nothing to do without them.
Now Mark is so crazy, it really frightens a lot of people, the board of directors is full of talents, and there are countless gods, but only Mark dares to brag about this bull, which makes Mark feel like a king, threatening the board of directors, and any slight opposition is ruthlessly crushed by him.
Senior Director Turner sighed, "Young heroes! We may have done the right thing this time." β
As the founder of the Turner Television Network, the veteran old fox was willing to cooperate with the devil even if he dared to guarantee that his fortune would increase by ten percent a year.
Mark is a person, when he is serious, he is quite dignified, as a super-rich, a media tycoon, and a well-known director, now he is no longer filming, responsible for the reform of the behemoth Time Warner, and his office can be birded in Times Square, condescending, and very fulfilling.
This time Warner people are everywhere, but no one has raised an objection, this kind of majesty, even the chairman and CEO Richard has never had, this is not a personality charm, but his fierce personality and the miracle of invincibility in the past, which made him erect a towering image in Time Warner.
But when he answered the phone, this image was gone, this was Martin calling, and it was a sweet and crisp child's voice at the beginning: "Daddy, I love you!"
Mark smiled and said in Martin's childish voice: "Martin baby, I love you too, is the cartoon good today? What are you doing?"
Little Martin said: "My mother and I are cooking, we have made a lot of dishes, you have to come back early!"
Mark smiled, "Okay, good, good! I'll be back soon, kiss one!"
He looked at the phone, kissed the phone fiercely, and then let the phone stick to his face, let the other party kiss a few times, looked at Mark, who was still majestic just now, and now changed his voice to tease his son, no one could have imagined that the recognized hero King Mark also has such a humane side, and many people look at each other, which also dilutes the cold and murderous spirit on Mark.
Now that Mark is an independent director, he can provide guidance to Time Warner's management and has the power of life and death, which puts great pressure on other directors and managers.
Barry, for example, was embarrassed after the meeting: "I know that drawing a big pie is the only way to seize power, but when a promise cannot be kept, the consequences will be very serious." β
Mark said: "If it works, we are geniuses." β
Barry said, "Tell me, what should we do now?" He asked himself if he could afford to make Time Warner's fortune grow at a rate of seven percent a year, all of which could only be done by Mark.
Mark also took the lead, saying: "As soon as a stock company was established, I began to build a position and fully hold the shares of Pingguo Company. β
Barry said, "How much is it good to hold?"
Mark said: "The more the merrier! This year it must not be less than 300 million US dollars." β
Barry said: "We are a media company, is it appropriate to change careers to speculate in stocks? Where will the money come from?"
Mark said: "A company that can make money is a good company, you don't care what it does? As for the funding, we will cancel the two A-grade productions, and the funds vacated by it will be used to invest in the stock market." β
This is how Mark's funding came from, stopping the filming of a few bad movies, as the head of Time Warner, he will not allow the situation of spending hundreds of millions of dollars to make a bad movie, almost every film company will have one or two missed billions of productions every year, this is inevitable, no one dares to guarantee that the film will not lose money.
Among the six giants, only MM does not have hundreds of millions of money-losing movies, this is because of Mark's outstanding and superior film selection vision, and MM will be able to make a profit once a big production comes out, which is the reason why MM's stock price remains high, this is because investors believe in MM's profitability.
Also, Mark's strong entry into Time Warner has ensued a series of turmoil and scandals, such as the antitrust investigation of the Ministry of Justice, such as Mark's divorce scandal, but Warner's stock price has risen instead of falling, because investors believe in Mark's earning power.
The current American public's impression of Mark is that he is lustful, hypocritical, ambitious, and not a good person, but no one has ever denied that he is talented and has a strong ability to make money.
Barry said, "Cut Warner Bros.'s budget, Kevin will blow up." "The current Warner Bros. is proud of the spring breeze of "Ha 6"? Rich is the uncle, and now they are rich and famous, of course, they are full of confidence.
Mark said: "Tell Kevin that this is my declining project, and tell him that in the twenty-four films released by Warner Bros., it is enough to guarantee his market share and profitability. β
Barry said, "Ok!"
Mark said: "Also, the company's game department needs to expand, we must increase the company's game research and development capabilities, and we must represent more games. β
Barry said, "OK!"
Mark said: "The Chinese continent is the fastest growing region on the planet, and we should increase investment in them, and they are very strict in the cultural industry, but we can work cinemas and real estate." β
Barry coughed dryly twice and looked at Mark with a wistful look.
Warner is also optimistic about the real estate market in mainland China, and has also launched in-depth cooperation with Wanda to prepare for the development of national cinemas, but it was forced out by MM, Mark also remembered this, he said: "This is a big piece of cake, MM can't eat it, you can let Warner have a piece, Barry, this is a big piece of fat, you have to support me." β
Barry said angrily: "If it weren't for MM to get in the way, we would have been Wanda's largest shareholder, and I would have followed up on this matter." β
Mark said: "At the same time, I am very optimistic about the shares of Huaxia Yariba Company in Yahoo's hands, is there a way to get it?"
Barry said, "How optimistic are you?"
Mark said, "If they are willing to sell it, I will sell the panties to hold it." β
Barry exclaimed, "So optimistic?"
Mark said, "Yes. β
"I haven't calculated the costs, but these investments are nearly 8 billion yuan, and we go there to raise so much money," Barry said. β
"It's imperative to sell off some non-core properties to make money," Mark said. β
Barry was silent, the part he was most worried about.