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Tang Huan's appearance on the board of directors of Time Warner Turner can only be described as a "rare guest".

After the marriage of Turner Broadcasting and Time Warner, they got two board seats, one for Ted Turner himself, of course, and the other for the richest man who has been supporting him for a long time.

Compared with Ted Turner, who has been protecting his one-third of an acre of land in Time Warner Turner in the past few years, Tang Huan is simply equivalent to an "invisible person" - there are meetings, either telephone connections, or entrusting a representative to come over, which can be described as a dragon that sees the beginning and the end.

However, this kind of "absent-mindedness" is not unusual on the Time Warner Turner board of directors - after all, several of them are also "multitasking".

"Old-fashioned" Murf Edelson was the first to greet him: "Don, has the box office of "Titanic" exceeded $2 billion?"

"It shouldn't be a big problem. The richest man nodded slightly, and then casually asked Beverly Sears Glinave, "Ma'am, are the preparations for the renovation of the Lincoln Center for the Performing Arts going well?"

"Next year we can start work as scheduled. Beverly Sears Glinaf replied with a smile, "Thank you Don for your help." ”

"Willing to help. Mr. Tang politely turned to Carla Hayes to talk about his business in China.

Of course, no matter how attractive the richest man is, he can't eat everyone - Robben Mark, who was often ridiculed by Ted Turner as a layman, hated the house and Wu Di and teased: "Don, why do you have time to come here in person today? Could it be that the anti-monopoly lawsuit of Zheru Software Company is over?"

"Of course it's not that easy?" Tang Huan shrugged, "You may have heard that the Ministry of Justice asked Zheru Software Company to keep any paper materials, so the documents piled up, and I was so crowded that I had no place to sit, so I had to come here." ”

Everyone was amused by the humor and exaggeration of the richest man, and Robben Mark also put away his fierce pursuit.

Beverly Sears Glinaf asked curiously, "Is it serious that a company doesn't allow the use of paper shredders in its daily office?"

"Maybe it varies from company to company. Tang Huan quipped, "You might as well let Time Warner Turner do an experiment now." ”

……

The time quickly came to two o'clock in the afternoon, and all the members of the board of directors of Time Warner Turner Company were in place, and the meeting officially began.

Gerard Levine, who appeared first, relied on the experience accumulated from many previous rehearsals to perform skillfully.

Seeing that the old rival enthusiastically said a lot of babbling opening remarks, Robben Mark finally couldn't bear it anymore and rudely interrupted: "After a long time, what you mean is nothing more than to sell Time Warner Turner, which has a history of more than 70 years, to AOL, which has only been established for more than ten years - what are you for?

Gerald Levine, who was performing well, was so suddenly drunk that he couldn't help but be so angry that he couldn't speak on the spot.

Robben Mark, who succeeded in the raid, suddenly became proud, turned his eyes to the richest man, and continued to ask: "Don, I know that you are still a significant investor in AOL—can you tell me the real reason for this transaction?"

Tang Huan met Robben Mark's aggressive gaze without a trace of fireworks, and said leisurely: "Henry Luce, the founder of the times, once famously said that the 20th century is the century of the United States, and I can tell you now that the next century is the century of the Internet!"

Although everyone is a bigwig-level figure, there is still a difference between strength and weakness in the aura - Robben Mark retracted his gaze and muttered stupidly: "You are a veteran of the computer and Internet business, of course you have to vigorously advocate their value." ”

"Of course, my opinion is just the words of the family......" Tang Huan gestured to Gerard Levine, "So, I need to ask the investment bankers to do the professional analysis." ”

After scolding Robben Mark in his heart for being a "straw bale who bullies the soft and fears the hard", Gerald Levine stopped being verbose and directly moved out of the "fair opinion" of the Wall Street investment bank.

The $50 million labor fee for each company is really extraordinary, and the very hard-working Salomon Brothers and Morgan Stanley have made the faces of all the directors change.

Among them, Mary Meeker, a well-known network analyst from Morgan Stanley, gave the most wonderful performance.

She vividly paints a bright picture of the bright future after the merger of Time Warner Turner and AOL, and makes fun of the financial laws that still value assets in the future world, and ends with the most sensational words: "Henry Luce and Steve Keys were born separate, but after a series of hardships, failures, and setbacks, Steve Case and Henry Luce still recognized each other through the marks on their signet rings, or other things." ”

After Mary Mikel's interesting and enlightening speech, Morgan Stanley Media & Telecommunications M&A banker Paul Tomberman also began to speak passionately.

After these Wall Street elites completed their mission, the indomitable Gerard Levine returned to the stage and continued to perform.

The meeting lasted from 2 p.m. to 7 p.m., and there was no end in sight. Among the more than a dozen directors present, except for Tang Huan, who was in the prime of life at the age of forty, the others were basically about sixty years old, or even older, and then were "bombarded with fatigue" and looked a little tired.

During the short break, the richest man sat lazily in his place, answered a phone call, and even pressed the speakerphone button directly without shying away from it.

The content of the call was not too much of a secret for everyone present - that is, the AOL's board of directors vote, which was held later than Time Warner Turner but only took two hours, ended one step earlier, and the result of the deal was already in favor.

Compared with Time Warner's stumbling and stumbling, AOL's decision-making process can only be described as smooth.

Of course, there are some skepticism.

For example, Franklin Renis, chairman and CEO of Franklin May, one of the board members, questioned why AOL bought Time Warner Turner instead of another cheaper media and entertainment company.

In his words, "What I don't understand is, why did you pick Time Warner Turner? It's the most expensive company, and they get the highest multiple price -- in my opinion, AOL is expensive!"

Hearing such a description coming from the speaker of the mobile phone, Gerard Levine and Robben Mark, the two rivals, invariably squirted out the coffee that had just been drunk in their mouths.

"What, there is opposition on AOL's board of directors?"

"What kind of miser is this, who actually feels like Time Warner Turner is expensive?"

……

After the resumption of the meeting, the momentum of the directors' debate was obviously much weaker, and it didn't take long for them to unanimously agree - hurry up and vote and come up with the results, I am really tired and can't resist!

When he saw that the board of directors, which had been at loggerheads before, did not oppose the deal between Time Warner Turner and AOL, Gerard Levine was surprised and happy.

Unexpectedly, the richest man was very dissatisfied when he saw that everyone was voting weakly, and even opened his mouth to propose: "Don't you think we should have a passionate vote?"

"This is a historic moment – AOL Time Warner Turner is going to grow as fast as the Internet. ”

"Come, let's put our passion and vote for the second time. ”

Seeing Tang Huan calling on everyone to have a passionate vote again, Gerard Levine, who was overjoyed in his heart, almost cried - finally with the result of "unanimous approval", can you not make a difference? What if some people think about it and cause an accident in the vote?

Looking around at the directors present in front of him, Mr. The richest man raised his hand and said impassionedly: "In the future, the new company will grow at the same rate as the Internet." ”

"It's going to grow like the Internet!" as if hypnotized, the crowd erupted in unison and raised their hands in unison.

……

……

The following is the anti-D part.,Update it tomorrow.,Just ignore it.。

……

It has to be said that digital games are not exclusive patents - whether to play or not depends on whether there is a profit drive.

What Gerard Levine said about "in the interests of all" is nothing more than - AOL, which has a market value of nearly $160 billion, occupies 55% of AOL Time Warner Turner, which is equivalent to making the value of this new group more than $300 billion.

There's too much confusion in this.

On the other hand, AOL's market capitalization is almost twice that of Time Warner Turner, but it only occupies 55% of AOL Time Warner Turner's shares - this phenomenon itself shows that although Gerald Levine is eager to enter the digital media field through AOL, he is not as blindly optimistic about the value of AOL as it seems on the surface.

Of course, the richest man is not unnecessarily serious – it is enough to be able to establish this principle, and the saved resources are used to compete for more important new company positions.

"Then ......" Tang Huan waved his hand: "Let's take advantage of the victory to determine the management structure of the new company." ”

As soon as he mentioned the issue of the distribution of power that had been disputed before, Gerard Levine, who was originally quite amiable, suddenly showed his cunning nature and suggested: "Since AOL occupies 55% of the shares of the new company, then Steve will be the non-executive chairman, and I will be the CEO." ”

Steve Case immediately objected: "I would very much like to be the chairman of the board of directors of the new company, but I can't accept being placed in a false position that only serves honors. ”

Gerard Levine persuaded bitterly: "It is completely predictable that the integration of resources in the new company will be an extremely complicated process - you have little experience in the field of traditional media, so don't waste brain cells." ”

Steve Keys said dissatisfied: "Don't you mean that I am young and junior - don't forget, who brought out AOL, which is now ranked tenth in market capitalization." ”

……

Looking at the scene of "every inch of land must be contested" in front of him, Tang Huan couldn't help but raise his eyebrows - he was still arguing so uninnovatively, and the toss to the Year of the Monkey may not have any results!

So the richest man coughed lightly and interjected: "The positions of the chairman of the board and the chief executive officer should be decided like this, and as for the type of chairman of the board of Steve, whether it is executive or non-executive, it is better to put it aside for the time being and discuss other things first—for example, I propose to set up a co-chief operating officer position under the CEO to better promote the merger of the future largest media group." ”

"Let's settle down on the easy things to solve first!" Gerard Levine, who was as good as a stream, turned his eyes to Richard Parsons beside him, "Time Warner Turner's side, let's promote Richard." ”

Richard Parsons was introduced to former Time Warner CEO Steve Ross through Lawrence Rockefeller, the third generation of Rockefeller, and was introduced to former Time Warner CEO Steve Ross in the early 1990s.

Don't look at the black people on the TV news who often confront the police, which seems very violent, and the black people in Hollywood movies often chatter endlessly, like a mother, but the black elite who can enter the executive circle is still quite gentle and steady.

Tang Huan has such an employment experience - such as Chuck Smith, CEO of Pacific Telecom, Condoleezza Rice, political ~ political consultant, and so on.

Looking at the humble and low-key Richard Parsons, the richest man bowed his head slightly without dissent.

Steve Case said, "AOL, here, has elected Robert as co-COO. ”

Gerald Levine looked at Robert Pittman and couldn't find a reason to object. After all, the other party is now the CEO of AOL, and he is doing a very good job, so he can't even get into the position of president in the new group.

Mr. The richest man continued to push the agenda forward, "Next, let's talk about the CFO candidate. ”

Gerard Levine quickly picked up: "I think the form of the joint position is very good......

"No!" Tang Huan raised his hand to interrupt the other party: "The position of co-COO was established because it is completely foreseeable that the new group in the future will have an extremely busy peak stage in the operation of integration, and the co-COO can reduce the burden on the CEO, as for the more professional financial management field, there is no such need." ”

Speaking of which, Mr. The richest man looked directly at Gerard Levine, "After all, AOL and Time Warner Turner are mergers, not partitions, right?"

"Okay. Gerald Levine looked away at Zee Rip, the CFO of Time Warner Turner, and was about to make a recommendation, only to be interrupted by Steve Case.