Chicago 1990 - Chapter 1500
Disney’s board of directors needs to implement relevant resolutions on the second day of the shareholders meeting. Chairman George Mitchell manipulates the agenda and reluctantly intends to submit whether Linton is eligible for the position of vice chairman to the board of directors to discuss and vote.
The shareholder representatives only voted for Linton to be re-elected as a director. The resolution does not involve his vice chairman position, which is within the power of the board of directors.
“I don’t understand, I have already shown my muscles, and they still seem to make me a little bit more. What kind of mentality is this?”
Linton sent out soul torture on the night of the shareholders’ meeting and also the eve of the board of directors.
According to the plan, tonight should be the time for him and Song Ya to start a new round of negotiations and transactions with all parties, but they haven’t talked about it yet…
Song Ya was also puzzled, “Goldman Sachs behind George Mitchell shouldn’t be so crazy…”
“I heard a rumor. It seems that the Georges were worried about Paulson’s public image and were not comfortable with handing over the position of Treasury Secretary to him, who was strongly supported by Wall Street.” Linton said.
“…”
Puff! Song Ya was speechless first, and then almost laughed out loud, public image? Is the wolf of Wall Street really that powerful?
So, Paulson really hates himself?
Then George Mitchell’s reaction makes sense…
Whether Paulson is not a candidate, the Treasury Secretary’s threat to his business is greater than that of the chairman of Goldman Sachs.
Regardless of the current difficulties, Song Ya’s heart suddenly felt refreshed, asking you to cheat Lao Tzu! I didn’t expect to be retributed! ?
“I personally called Paulson to ask.”
Linton should have already suspected that he had suffered from his own indignation, but he would not speak out with his close allies. Song Ya didn’t say anything but decided to take responsibility with actions.
Besides, it’s been a long time since I chatted with Paulson, hehe…
“APLUS.”
Paulson’s tone appeared calm for the first time the two called after the fallout.
“Mr. Paulson, I think we have a common interest in Disney, don’t we? We are all helping Katzenberg to return to Disney, and we all recognize George Mitchell’s contribution to the chairmanship this year.”
Linton defended his position as a director and raised a lot of influence among the senior executives of Disney’s branch companies that others could not lightly insult. However, in Disney’s board of directors and other important institutions, the foundation is still insufficient. If you want to further control power after passing the customs , You must trade again.
In addition to the Jobs-Robert Iger camp, whether Roy Disney, Goldman Sachs, George Mitchell, Harvey, Eisner and other forces, Linton and Songya have cards to play.
For Goldman Sachs, George Mitchell has already served as chairman, and they added another seat to the Disney board after this shareholders meeting. If Katzenberg can return with DreamWorks Animation, they will naturally be the first. Senberg will definitely get closer to them in the future. Apart from the small flaw of failing to get Linton out of the board of directors, the income from the involvement in the Disney Civil War has been extremely generous, and it is not an exaggeration to say that he is the biggest winner.
It’s time to end up when you see it, and focus on consolidating the results.
“So you won’t take the company away?”
But Paulson didn’t seem to intend to act purely on profit-driven this time. The cunning old fox buried himself in the first sentence.
“Haha, I haven’t figured it out yet.”
Song Ya laughed. “George Mitchell seems to have some misunderstandings with Linton. I think Linton doesn’t mind cooperating with him fully in the position of vice chairman. He is considered Jianwang, and the district vice-chairman can’t hinder him.”
The chairman has real power if he can govern, and it is easy to run the vice chairman into a display, as George Mitchell did before.
“I don’t know the details of the… those power struggles within Disney.”
Paulson pretended to be dumb: “Sorry, APLUS, I don’t think I can help you much.”
“Haha, okay, it’s okay, I understand, you are the chairman of Goldman Sachs, and I am also sorry to call to trouble you with such small things.” Song Ya said.
“Well, then… first?” Paulson wanted to hang up.
“That’s it! Goodbye, Mr. Chairman.”
“Okay, bye…”
“We keep in touch with Mr. Chairman.”
“…”
Paulson was disgusted by the multi-billionaire on the other end of the phone with a mouthful of a Mr. Chairman, and he put down the microphone and lay on the boss chair.
Goldman Sachs is out of play, so I can only continue to force Eisner. Eisner has just asked himself to withdraw from the board of directors and he failed to snipe Linton at the shareholders meeting. The control of Disney’s senior management has also completely collapsed. It seems that the general situation is gone. Yes, but after all, His Majesty the Emperor has deep roots, and the network of relationships created by many years of interest has allowed him to retain a lot of influence on Disney’s Supervisory Board, Nomination Committee, Audit Committee, Compensation Committee and other important institutions.
As long as Eisner can be driven away and the Disney family can return, Roy Disney will support Linton. The old man is happy with the ‘royalist’ infighting. With Linton’s strength shown in this general meeting of shareholders, he can settle any party.
But the old king is still the king. Song Ya held a conference call with Linton, Sloan and others to determine a strategy, and then took a deep breath and carefully picked up the microphone.
“APLUS.”
In fact, including Paulson, no one expected that the black pharaoh would choose to try to make peace tonight. When Eisner went home and licked his wounds alone, he saw the lighted caller number, and there was a burst of ecstasy in his heart. There is a play!
Wait, wait, wait, what’s wrong with me? It’s not the anger at being an enemy of me, nor the direct offense that night and waiting for an opportunity to retaliate…
In order to keep my power, I actually fell to this point…
He immediately felt deeply ashamed.
Regardless, he didn’t get rid of Linton, who had already turned his face publicly with him, he knew that he had been ruined in Disney, and any straw could save his life!
Song Ya and Linton also have information gaps. What is the board of supervisors, nomination committee, audit committee, remuneration committee… Those high-level executives who still seem to be loyal to the emperor only look at their interests, mainly because of the high annual salary. And equity incentives.
But in fact, whatever the position and salary, any other party who enters the market now has the ability to continue to feed them, and the premise of the equity incentive is that the stock price meets the standard… Disney has experienced fierce internal strife for nearly two years, and the market value has been fluctuating repeatedly. If it can’t go up, there is no way to talk about equity incentives.
His Majesty’s opponents made him lose the ability to lead Disney’s stock price to continue to rise, and it has no value to these people. Everyone is very practical.
“Mr. Eisner, I watched the live broadcast of today’s shareholders meeting…” Song Ya said.
“Really? Haha, it’s embarrassing. It’s like a farce today.” Eisner replied thickly.
“Yes, George Mitchell is absolutely amazing. For the first time I saw a chairman swearing at shareholder representatives at a shareholder meeting…”
In fact, this situation is not uncommon. Song Ya picks up what the other party likes and says, showing good.
“Haha, George is seventy years old, he has nothing to worry about too much.”
The two chatted like nothing happened before.
“Blake’s Sahara will start painting next month. I promised to participate in the premiere. How about you?” Song Ya played the emotional card.
“No, Blake doesn’t like being photographed with me in his project.”
Eisner felt sour. His eldest son is very artistic and self-confident, and he avoids being considered by the outside world that his personal success has something to do with his family background.
“This is Mr. Eisner. The things that have happened at Disney have hurt everyone. I think it should be stopped. What do you think?” After a while, Song Ya cut to the topic.
“Of course, I also feel that it is time.” Eisner’s face became solemn, and he pressed the earpiece to his ear, not wanting to miss a word.
“The conditions Linton mentioned to you are still valid.” Song Ya asked, “Is this okay?”
How can this be! no! Absolutely not!
Eisner was immediately disappointed.
Linton is nothing more than persuading himself to inherit his power in Disney, and then let himself leave honourably and pay some high resignation compensation, promise to take care of his shares in Disney, his old subordinates, and the business of his three sons, and keep a share. Senior consultants with acceptable salary status, and promises to leave some influence on themselves, and so on.
Neither one addresses one’s ultimate desire: power.
“APLUS, believe me, Linton is still a little bit awkward. In two years, I will take him for another two years. When George Mitchell is 72 years old and leave like Roy Disney, I will give everything to him and you. Yes, I swear.” Eisner said.
The next day.
George Mitchell walked into the large conference room with a stern face, all the new and old directors were already in place, “Go.” He glanced at Linton, who was expressionless next to him, and the big horse was sitting on top of the long conference table. Next, “Let us first welcome… Mr. Director.”
The new director of Goldman Sachs who was introduced by him stood up and accepted everyone’s applause.
George Mitchell then read out the resolutions of yesterday’s general meeting of shareholders, and then followed the process for the board of directors to pass and implement.
“I’m not targeting you, Linton. You have done a good job, but your affairs are too heavy. The copyright company has a stall, and Bowei Pictures has a stall. I need a deputy to better share my work on the board of directors. Related work.”
George Mitchell then took out Linton’s position as vice chairman as if he couldn’t wait to discuss it. He hypocritically asked, “What do you think?”
“Thank you for your concern, Chairman Mitchell. I am still busy. Besides, you have enough energy. The vice chairman of me only needs to do some procedural paperwork.”
Linton replied: “I can do it, thank you.”
“It’s not what I said. You saw the attitude of the shareholder representatives yesterday. With 57% of the valid votes, you almost passed the no-confidence vote. As the chairman, I also need to explain to everyone.” George Mitchell said.
“I remember that last year your independent director’s re-election vote of no-confidence was exactly the same as I did yesterday? Mr. Chairman, if you use this reason, do you also need to…hehe, give everyone an explanation?” Linton sneered.
“Ai!”
George Mitchell roared impatiently, “Then a show of hands! A raise of hands agreed to dismiss Linton from the position of Vice Chairman!”
Eisner was the first to raise his hand, exchanged glances with Linton who was opposite, and then smiled and looked at the other directors.
Yesterday, the conversation with the black pharaoh broke up again, and the other party refused to “cut the price”.
Linton put his hands in his pants pockets, leaned back, and looked up at the sky.
Um?
Robert Iger didn’t move? Eisner’s eyelids twitched.
“It’s not the time, right?” Another director questioned: “This personnel change is not in market expectations. How will the outside world react? Stock price…”
“The stock price will come back!”
George Mitchell violently interrupted, “It’s not because some internal and external colluding careerists deliberately suppressed the market value of Disney. They played this trick for me before and after every shareholder meeting! Get out of me if you want to go! We don’t leave any factors of instability. ! Without A…the kid might be better!”
Including the new director of Goldman Sachs, some people began to raise their hands.
“1, 2, 3…”
George Mitchell counted the votes himself, eh? Exactly half to half? “Oh…” He remembered that his hand hadn’t been raised yet, and immediately raised it, “Well, the resolution passed!” He smiled at Linton.
Linton still maintained his demeanor and shrugged as if it didn’t matter.
However, this ticket type is dangerous enough. Except for Robert Iger’s camp, several of his former subordinates did not raise their hands. Eisner felt the scrutiny gaze they had put in, knowing that it was because of forcing the former director to say that his illness gave way to Goldman Sachs. People made them even more chilled, so they had to put down their hands and rub their eyebrows to avoid looking at each other.
“Then I nominate Michael Eisner to take over this position.”
George Mitchell also noticed the few votes he ran, and first gave Eisner a vague look of dissatisfaction, but he still had to give the benefits he had said in advance. He spoke to Robert Iger and did not raise his hands. The people stared fiercely, threatening revenge in the future.
“I nominate Mr. Katzenberg,” Linton said suddenly.
Silence suddenly fell in the conference room.
A cold light flashed in Robert Iger’s eyes, and he turned his gaze to Linton.
Eisner reacted first and gritted his teeth secretly.
“WTF… Katzenberg? Katzenberg is not even ours.”
DreamWorks Animation has not returned yet. Even if it does, there is a certain probability that it will be the same as the previous Pixar animation. It will only sign the release contract with Disney and not hold a position at Disney. Let alone a director, Jobs is like that.
George Mitchell subconsciously laughed at Linton’s nomination, but then it turned out that he also supported bringing Katzenberg to Disney. Among them, there are conditions such as a board of directors or even a higher position. It is not easy to say too badly. When the time came to Katzenberg’s ears, the old man reacted quickly and said: “Kasenberg is here, let’s talk about it. Director Linton, please note that today’s meeting will only discuss Disney’s current issues.”
“Kasenberg needs a highly respected position, and we promised him.”
Unexpectedly, Linton said it directly. In this matter, the two camps have cooperated, and no one can hide too much from the other. “Anyway, the position of vice chairman is not very important. Enough to show the sincerity of our Disney.”
“Shut up and vote…” George Mitchell swears impatiently, “Agree with Eisner’s raise of his hand to take over as the vice chairman!”
This time George Mitchell raised his hand early this time. The ticket is similar, but it is not more than half of it. Because Robert Iger did not raise his hand. His people raised their hand first, but observed that he did not move, they put their hands down again. .
“Robert?” George Mitchell urged.
On the one hand, it is to increase the hope of DreamWorks coming in, which is not good for the self-led plan to save Pixar. On the other hand, it is to allow Eisner to regain some momentum after the fiasco of Linton, who drove away his former subordinates at the shareholders meeting. With these things on the surface, Eisner’s appointment as vice chairman will affect their choice, which is also detrimental to the power struggle between himself and the other party on the ABC television network. Robert Iger, who had no prior preparation, was caught in a long test.
“I’m fed up with Eisner, are you fed up with him too?”
It’s true that Linton was observing Robert Iger’s reaction while secretly appreciating Song Ya’s insights last night. Song Ya said, “I think the same is true for Jobs and Robert Iger. It’s been more than a year. The problem is: all have lost patience with his omnipotent balance technique in order to control power. If he does not leave Disney for a day, we may all be placed on both ends of the seesaw as chess pieces, up and down… So, the most urgent It is him that needs to be resolved. Without him, it may be more important to us than anything else. He must leave.”
Sure enough, Robert Iger shook his head slightly to his own person in response to the attention of everyone in the venue, but did not raise his hand.
“Damn it! We will continue to discuss this issue next time at the board of directors!” George Mitchell had no choice but to curse, “End! The meeting is over!”
Linton got up and left the meeting first.
Eisner’s face was sullen, and finally stayed alone in the conference room.
“Roy Disney’s Salvation Disney Campaign once again expressed dissatisfaction with the resolutions of the shareholders meeting and the board of directors. They announced that they would continue to promote the extraordinary shareholders meeting, with the goal still to overthrow Eisner’s overwhelming possession of Disney. APLUS also announced that it would join this plan. This has sharply increased the chances of passing the Disney Extraordinary General Meeting of Shareholders…”
That night, Save Disney website updated this news.
“How will Eisner react?” Linton was a little worried about Song Ya’s decision. “We have completely torn our faces with him this time. It’s a pity. I always feel hopeful to win him…”
“No, although Eisner and I broke down, business is business. I don’t think this will affect his friendship with me…”
Song Ya hit the golf ball high and far chicly, “Jobs, Katzenberg and me, if he can only choose one of three in the end, he will still choose me, followed by me. It may be Jobs, and finally Katzenberg… He did a great job when he drove Katzenberg away from Disney. It is impossible for him to really pin his hopes on Katzenberg’s DreamWorks animation, even if Carson In order to return, Berg is currently expressing kindness and generosity to him. He knows that Katzenberg’s emotional artist character will not really be unrequited.”
“I hope so.” Linton smiled bitterly.
“Wait for a good show,” Song Ya answered confidently.
After the powerful joining of the Black Pharaoh, the rescue of Disney’s website has become more and more popular. Although the Jobs camp has joined in low-key, and the members of the Disney Supervisory Board have been bought back, according to this trend, it will be possible to gather temporary shareholders by the end of the year at the latest. The threshold of the assembly is up.
Eisner became more and more silent, like an ostrich with his head buried in the sand.
Time unknowingly entered into April 2005, and he finally made the move.
“I know that my personal doubts are very turbulent now. I have served Disney for half my life. I love Disney very much, but I swear that I am not the legendary person who loves power at all…”
He said publicly: “Since everyone wants me to leave, I’ll leave. For the future of Disney, I tend to agree to the company’s chief operating officer Robert Iger’s plan. We need to keep Pixar Animation. Acquisition, and I think Mr. Jobs is the best candidate for Disney’s CEO. I sincerely invite him to join the Disney family and lead the company to move forward!”
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