Chapter 245: Rotation System and NBC Network

Who will be the first CEO of Smith Media.

This has now become the most concerned thing for everyone at the meeting.

But what Abel announced next made everyone a little stunned.

For Abel said,

"Given the short time Smith Media has been around for a long time, and there is no correlation between them before that."

"So I thought about it and thought about it, and finally I decided to implement a rotating CEO system in Smith Media."

The term "rotating CEO" made everyone feel stunned.

It's a term that is very new in the American business world and no one has ever heard of it.

"Bang Bang~"

Abel clapped his hands lightly, and someone from the advisory group came out and distributed a few thin documents to several media group executives.

This is Smith Media's definition of "rotating CEO". You can take a look at it first." Abel said.

It is about everyone's own interests, and everyone is very serious about it.

file.

Smith Media will elect several rotating CEOs within the group.

These CEOs are rotated once a year, and the rotating CEO is mainly responsible for the company's business management, strategic planning, and internal coordination.

Everyone felt unfamiliar with this system.

In fact, Abel on the main throne does not know whether this kind of management system, which has received very good results among the high-tech enterprises and Internet giants of the Celestial Empire in the future, can be implemented in the United States, or whether it will be useful if it is implemented.

This kind of system first appeared in 2011, a parallel time and space.

Appeared in the high-tech enterprise Chrysanthemum with many businesses.

This system was used for several years, and it had a very good effect on the chrysanthemum interior.

For Abel, this management system can be implemented. For him, the chairman and the descendants of the chairman, it is definitely the most suitable system.

The "rotating CEO" is, to a certain extent, a check and balance on the power of the company.

The rotating CEO will not have much power over internal high-level personnel issues, which will reduce personnel corruption.

In addition, this system can also reduce the risk of causing great losses to the company due to a problem with a certain person (mainly the CEO), and the fate of the company will not depend on a certain person.

A prime example of this is Michael Eisner, the current president of Disney.

> Disney Group, which is able to have its current size and status.

Michael Eisner owes a lot of money.

It was Michael Eisner, who came to power in 1985, that brought Disney to where it is today.

But over time, in the past it was very suitable for Disney's Michael Eisner.

Now it is gradually unable to keep up with the progress of the new century.

Typical in parallel time and space, if it were not for the efforts of Robert Iger and others, Disney would have parted ways with 3D animation giants such as Pixar.

If Michael Eisner had kept up with the times, he would not have stepped down in 2005 and Robert Iger would have taken the throne.

In the past 5 years, Disney has made many mistakes because of Michael Eisner's decisions.

If it weren't for Disney's fate, there would have been a Mickey Mouse Robert Iger.

Without Robert, it is a question whether Disney can buy Marvel and acquire Fox in the future.

It's a bit like many of the famous monarchs of antiquity.

These kings, when they were young, were wise and decisive and brought their empires or kingdoms to the top.

When they were old and did not abdicate, many kings began to be mediocre and violent, and brought the empire or kingdom to the end.

For a company, this kind of rotating CEO system can avoid this kind of personal losses to a large extent.

In addition, this system can also be avoided due to a certain The CEO left his post and left, and took away a group of backbones, which greatly damaged the company's vitality.

In addition, every CEO will work hard to pull the car and pull the company forward during his shift, and if he goes astray, the next round of CEO will correct the course in time.

In this business management system, the rotating CEO is made up of a small team.

Because of "harmony and difference", companies can be manipulated to constantly adapt to changes in the environment, and their decisions are made collectively, which also avoids the corporate rigidity caused by excessive paranoia of individuals.

And the rotating CEO stepped down after one year, not leaving the core layer.

They are still at the heart of decision-making, and they have not taken off their shoulders the responsibilities and missions and are fully prepared for the next rotation.

In addition, because he was worried about the water and soil, Abel also increased the term of office of the "rotating CEO" from half a year to one year.

If there is really no way to use this system, then you can directly change it later.

"Have you finished reading?"

Ten minutes later, Abel's voice woke up everyone who were immersed in this strange and very groundbreaking management system.

"Next, I will announce the list of rotating CEOs of the group."

"Robert Iger, Michael Levine, Michael Ovitz, Richard Preppler, Dylan."

Abel said, "There are only five of you on the rotating CEO. But later, if another company joins the group and the person in charge is very competent, it is also possible to become the new rotating CEO."

As soon as the list was announced, everyone in the audience reacted differently.

Robert Iger was a little disappointed, but acceptable.

After all, he was the first CEO, even if he had to step down after a year, but under this system, Robert was still the CEO of MGM Entertainment.

And after stepping down as CEO of the group headquarters, he is still in the decision-making level, and can also participate in the highest decision-making.

The power is not much less, and during this period there is more moderation over other group subsidiaries, which is a good thing for Robert, who has not yet made much achievements.

The others, who were still behind Robert, were of course even happier.

If there is no such system, Robert will always be the CEO as long as he does not make big mistakes.

Then there is a high probability that the others will be hopeless.

Nowadays, this "rotating CEO" system is used, which means that as long as the work is done well, it can be their turn according to the time arrangement.

Especially for Richard Preppler and Dylan, who were behind, they were simply overjoyed.

Before that.

These two, one is in charge of TV media and the other is in charge of paper media.

These two departments are currently very weak in the group.

Without the rotation system, there is a high probability that they will not be able to become the CEO of the group headquarters.

Now that there is a clear opportunity, they are naturally the happiest.

Looking at the people with different reactions, Abel added:

"This is also the first time this kind of system has appeared in the United States. So I decided that the first year was temporary."

"If it doesn't work, it will change next year. I hope that everyone will make it thoroughly implemented, and that the group can develop better under this system. That would be good for everyone present."

The boss said so, no matter what he thought in his heart.

The executives of Smith Media Group, of course, all nodded yes.

"Alright."

After announcing this, Abel smiled on his face:

"The first thing has been said and done, and it may not be so good. Now for the second thing. This second thing should be a good thing for all of you here."

After Abel finished speaking, he turned back and gestured to David, who was standing behind him.

David Jones nodded and said "PPT" to a few of the attachés at the door.

The conference room quickly dimmed, and a white curtain was pulled out behind Abel,

The projector typed out a PPT on it.

Everyone who participated in the meeting saw a logo that looked like colorful petals and a peacock's tail on the projection screen, and there were three capital letters of NBC under this logo.

"As you can see."

Abel's voice rang out: "The second thing I want to announce is Smith Media, which will next launch the acquisition of NBC, that is, NBC!"

As soon as the voice fell, the executives of Smith Media, who had been very calm throughout the whole process just now, reacted a little big.

「NBC?」 Robert Iger couldn't help but say, "Boss, I heard you right? Are we going to buy NBC?"

Abel smiled and nodded, in response to Robert's question.

When everyone saw Abel's response to Robert, they all knew at once that Abel was serious.

It's no wonder they reacted so much.

You must know that NBC and two other television networks have always been one of the three major commercial radio and television companies in the United States.

The other two are ABC and CBS.

It's just that then a News Corp. FOX came out, and the big American television networks are now four.

plus one *** control, that's currently five.

However, FOX is currently not as good as the old three major commercial TV networks in terms of scale and brand power.

Among them, the CBS television network is currently owned by Viacom Media Group, which is owned by the Lei Shidong family.

& TV Network in the 90s of the last century, acquired by Disney.

There is only one NBC network left, which has not yet been acquired by media groups.

There is no doubt that NBC is one of the most mainstream broadcast television networks in the United States.

It is headquartered in Rockefeller Center in New York, not far from the Woolworths Tower, and is marked by a peacock's tail.

It is part of the Media Conglomerate, which provides programming to more than 200 American television stations.

&6 NBC was founded by Radio Corporation of America (RCA) in New York by Shanoff Month.

Its parent company, RCA, was acquired by General Electric & 6 years ago, and it was also bought.

This General Electric is the GM GE with the highest market capitalization in the U.S. stock market.

If only Smith Media could really swallow NBC.

There is no doubt that Smith Media will immediately become one of the top three media groups in the United States.

Now the boss says that he wants to buy such a behemoth.

Smith Media executives, including Robert, would have had such a big reaction.

Able could also understand the reaction of the crowd, and he spoke:

"This company can't get a controlling stake by sniping. It is necessary to use normal negotiation methods to persuade GE to transfer its stake to Smith Media."

Everyone knows that what the boss said is right.

& Not a listed company, the vast majority of the shares are in the hands of General Electric.

If you want to snipe on the stock market, you can't get it by relying on the means that the boss is best at.

But negotiate with General Electric to get it?

How likely is it?

Smith Media executives, they all feel a little pessimistic.

General Electric, which just became the king of stocks last year, has seen its stock price fall a lot because of the collapse of the Nasdaq.

From more than $500 billion at its peak last year, it has now fallen to less than $400 billion.

But it is also the largest listed company in the United States, and even in the world.

It can be said that the wealth is rich, which is used to describe General Electric.

At this time, General Electric was not short of money, let alone with its special status in the United States.

If it is unwilling to sell, even the United States will support him.

It's like in a parallel time and space, GE's stock price

Once fell to $0.02 a share, it is a pure "penny stock" or "split stock", which is a stock that can be bought for a few cents.

It's all so exaggerated, it doesn't have to be delisted if it doesn't want to be delisted, and it doesn't go bankrupt because of it.

But so cheap, can anyone get their hands on it?

No kidding, even a few hundred billion dollars can't buy it.

Such an American technology pillar company, it is unwilling to let go of NBC if it drags it to the death.

Then no one will come.

Abel also knows that GE doesn't pay much attention to NBC.

As long as someone has the right offer, GE has no hesitation in selling NBC.

In addition, GE owns only 80% of NBC.

Another 20% is in the hands of the French company Vivendi Global.

Vivendi is also a giant conglomerate, but fortunately it is a French company.

Since it is a French company, what happened to Alstom can also happen to Vivendi.

Therefore, Abel chose to start first with Vivendi's 20% stake.

As for what to do, there is no need to tell everyone present.

Looking at the people who were talking, Abel said, "I'll tell you, just to inform you in advance. Prepare you mentally. Alright, that's the end of today's meeting, so let's get busy."

It is not the turn of these people to be responsible for the real acquisition work.

Telling them about this today is just to lift their hearts and prepare them psychologically.

As for whether Smith Media's desire to buy NBC will be leaked, Abel is not worried.

Because even if it leaks, it's useless.

In the United States and even around the world, there are not a hundred companies that want to buy NBC, but at least dozens of them.

Either they do not have enough financial resources, or they do not have enough qualifications and status.

Those who are qualified and have financial resources want to buy NBC as cheaply as possible.

The eight immortals of each company have crossed the sea, and all of them are showing their magical powers.

It's just that in front of the United States *** and General Electric, these magical powers have no effect.

Now that there is an extra Smith Media, it is not a big deal.

And Abel wants to buy NBC seriously.

After the end of the meeting.

It didn't take long, around noon.

Brandy restaurant.

Two days ago, he invited Da Yao here, and the person he invited to dinner here today has become an old white man named Bob Wright.

Bob Wright, who joined GE in 1969; For 3 years, he served as President of Cox Cable Networks; 6 years as President of GE's Financial Services Division; In September 1986, he became president and CEO of NBC.

Bob has been known to Abel for a long time.

It should be said that most of the American elite are very curious about this young man who has quickly become one of the most influential people in the country in a very short period of time.

In addition, Bob also had an accurate guess about Abel's invitation to lunch with him.

Sure enough, as soon as the two met, Bob heard Abel laugh and say to him:

"Mr. Wright, I would like to acquire the 20% stake in NBC held by Vivendi Universal."

Bob Wright smiled slightly, "Ha~ Mr. Smith. With your investment vision, you may see that NBC is profitable. Of course I can't comment on that, because it's your own decision."

Seeing that the old guy still wanted to be false with himself, Abel simply got straight to the point:

"Okay. Then I'll get straight to the point. Mr. Wright, I want to buy NBC."

Hearing Abel's request, Bob Wright was not surprised.

This is already obvious.

Abel, a new giant in the media industry, invited Bob Wright, the CEO of NBC, to lunch.

The two didn't have any friendship before

Yes, I don't even know each other.

Normal people can guess Abel's thoughts, and so can Bob Wright.

"I'm sorry." Bob Wright politely said:

"For GE, NBC is not for sale. We're not going to sell it, not even you, Mr. Smith."

"Really?" Abel smiled, "What if someone buys it for 100 billion dollars?"

Bob Wright, who had always been very calm, couldn't help frowning, "Are you kidding? Sir?"

If only someone had spent 100 billion dollars to buy NBC.

It is estimated that General Electric can slip all the way to kneel and send NBC to the other party.

Bob Wright couldn't help but look at Abel a few more times.

Mr. CEO knew that it was impossible, but he still had some extravagant hopes.

What if Abel is really going to come up with a hundred billion dollars to buy NBC?

Isn't GE making a fool?

"Hahaha~" Abel laughed, "Of course it's a joke. If I had 100 billion dollars, I could have created at least three NBCs from scratch."

Bob Wright: "."

"Mr. Smith, this joke of yours." He shook his head, "It's not that funny."

Bob Wright still has a few expectations, even if he knows they are impossible.

But now that Abermin said it was a joke, Bob Wright was still a little upset.

"100 billion dollars is impossible." Abel just deliberately teased Bob Wright, because this guy was too calm before this.

It's like eating Abel.

Now that Abel is willing to talk to him.

"100 billion can't be."

Abel said, "But what about two hundred billion dollars?"

I have to say that this number made Bob Wright's heart relax for a while.

Because the offer of 20 billion US dollars is almost the highest offer that GE has received in more than ten years.

But Bob Wright shook his head, knowing that the group would not accept the offer.

Bob Wright said, "NBC is not for sale, GE will not sell it."

In response to him, it was Abel's new offer.

"What about $25 billion?"