Chapter 1793 Beating

Thinking about it, the three of them broke into cold sweat.

After all, this is not a simple mistake. Once such a result occurs, IMAX will collapse in a matter of minutes!

Four and a half years ago, Yin Jun bought 90% of the IMAX company for only US$45 million. The entire company was valued at US$50 million.

Then Yin Jun promised to invest US$20 million every year in the next five years to help research and development without diluting 10% of the shares of management and technical elites.

Then in 1982, when Kirin Cinema Line began to install 100 IMAX theaters, IMAX entered an era of substantial profitability.

There are now 1,000 giant-screen theaters, so now IMAX's valuation has reached US$1.5 billion.

But please note that valuation does not mean that there is really so much money.

Once IMAX is no longer popular and suffers heavy losses due to blind expansion, its valuation of US$1.5 billion will immediately plummet!

Because someone is buying it, your valuation only makes sense.

We’ve already lost so much and our prospects are bleak. Do you think this valuation is still useful?

So at that time, even if it was 100 million US dollars, I’m afraid no one would want it!

If you lose your shares, you will have to pay hundreds of millions of dollars in equipment debts. Are investors that stupid?

The key is not the amount of compensation.

The key is that the IMAX company does not belong to the three of them!

Yin Jun owns 90% of the company's shares, so why should the company and Yin Jun pay for their failure?

You only have 10% of the shares, so it is enough to bear a loss of tens of millions of dollars, but Yin Jun has to bear a huge loss of hundreds of millions of dollars. Does this make sense?

Why would he let you ruin the company when there is absolutely no consensus?

It was precisely because of the thought of this that the three of them felt uneasy and a little panicked.

But Operations Director Robert Cole was still a little confused, "Boss, since you are so unfavorable, why didn't you directly ask us to stop accepting purchase and installation contracts when we were doing our quarterly and semi-annual reports? Now let's talk about this , is it a little too late? According to your estimation, huge losses are inevitable?"

Ge Erfan's eyes lit up when he heard this.

yes!

Boss, you didn't stop us before, which proves that you also want IMAX to expand significantly.

Then you are also responsible for the consequences of expansion!

Yin Jun nodded slightly when he saw this, "I remember when I bought the company, I told you that IMAX will be the mainstream for movie viewing enjoyment in the future, and the enjoyment that giant-screen movies bring to everyone is definitely not comparable to ordinary movies. So now that they have this idea, of course I will not attack them. Instead, I will let them have a positive understanding of IMAX.

In this way, even if we lose a lot, we will let them know the advantages and disadvantages of IMAX, which will increase our bargaining chips for our future comeback! If it fails now, they will be afraid of IMAX in the next few years or even more than ten years, but when the real opportunity comes again, they will still choose to cooperate with us without hesitation! "

"Are you willing to bear a huge loss?" Cole was shocked. He didn't expect Yin Jun to have this kind of mentality.

"certainly!"

Yin Jun nodded seriously and said, "But I am only analyzing the worst-case scenario for you, from the overall situation. From a real operation perspective, the loss of orders next year will definitely be a lot, but for the entire company, To be honest, the absolute amount of losses is not that big. After all, it’s not like we haven’t made a penny in the past few years!

In the past two years, we have installed a total of 1,000 sets of giant screen equipment. After excluding taxes and other expenses, the net profit is about US$600 million. This is an amazing achievement. If the order is canceled due to poor market conditions, it is impossible to cancel all the orders. At most, it will be about half. The amount of compensation we will pay will be about 800 million US dollars.

But if we add our profits from IMAX films, this loss can basically be smoothed out. In other words, the most likely possibility is that all our efforts in the past few years will be in vain, and there will be no financial achievements and we will have to start all over again. "

The three people's faces improved a lot when they heard Yin Jun's analysis.

But the next moment, they felt a little embarrassed.

Because of the overall profit in the first two years mentioned by Yin Jun, the company's bonuses to management and technical staff each year exceed 20 million US dollars. In the past few years, the total bonuses paid out are more than 60 million US dollars.

The three of them got the most, with each of them earning almost 10 million U.S. dollars.

When the company was running well, it was natural for them to get more, but if there were really expected to be substantial losses starting next year, they would be a little sweaty.

"If the situation next year is really as you said, boss, until the company starts making annual profits of more than 200 million US dollars again, in addition to the basic salary, I will not need a penny of overtime subsidy and annual dividend bonus." Roman Crotto is worthy of being The technical geek immediately made a decision, "While the company still needs me, I will never resign. I will definitely try my best to develop technology so that IMAX can be more popular!"

Gelfond and Cole did not stop him for a moment, and both cried bitterly when they heard this.

Don't make your promise so quickly!

Although we also have the idea of ​​​​making some compensation, is this too cruel?

So are you so willing to pay millions in dividends every year?

Yin Jun looked at them, not feeling funny.

This is the American.

If you were a Chinese person and faced the same situation, I guarantee you would say you don’t even want a salary. Anyway, I have made too much in the past few years.

To be more cruel, they might even say that I spit out all the dividends from previous years.

But foreigners are different. They feel that their salary is the result of their own labor and belongs to them as a matter of course.

No matter how big the mistake is, it is only natural to work with a salary.

At most, if you don't need any subsidies or bonuses, you will be a very saint.

But Yin Jun had no intention of stopping him. Instead, he looked at the remaining two people.

Gelfang and Cole are both smart people, and they understand that Yin Jun wants them to express their stance.

Of course, Yin Jun does not want to save some dividends, but to let them understand who is the owner of the company and who is the helmsman with a vision for future development.

This distinction between priorities and priorities must be clearly distinguished.

Although the situation Yin Jun mentioned has not yet occurred, after Yin Jun's previous analysis, they have woken up from blind optimism and know that this situation has a high probability of occurring.

After a moment of silence, Gelfang said solemnly: "If such a bad situation really occurs, we will definitely learn from it, seriously review it, and work hard to recover the losses!"

As the president of IMAX, Galfond's words represent the attitude of the company's management.

…

After lunch, they were sent away. Ye Linqinwa, who had not said a word either in the conference room or during the meal, was obviously a little bit speechless.

"If you have any questions, just ask." Sitting on the chair, Yin Jun looked at some of IMAX's financial records and information, and gestured to Ye Linqinwa to speak.

"Why didn't you order them to stop early, knowing that the losses were 700 million to 800 million, or even more?" Yelinqinwa asked doubtfully, "I know that you must have ways to avoid these losses, such as asking them to fulfill more obligations in advance. advance payment, or reduce production volume and postpone more order production times, so that when contracts are broken on a large scale, you don’t have to pay so much money for equipment manufacturing.”

"They are not pure businessmen. These people just want to carry forward IMAX technology, so they will inevitably be much more radical!" Yin Jun didn't even raise his head and answered directly, "But this kind of fighting spirit at all costs is mine. And I hope they have it, so I didn’t stop them before, and I was even prepared to face the losses caused by blind expansion.”

Ye Linqinwa is a very competent personal secretary. Today she learned that Yin Jun was going to have a meeting with people from IMAX Company. She had already started studying various materials about IMAX Company in the past two years.

After Yin Jun reminded her, she immediately responded, "What you're saying is... you haven't taken away IMAX's profits in the past two years, and you've always kept them in their company's accounts, just to prevent this kind of loss? "

"clever!"

Yin Jun smiled.

There are very few people who can't help but be dazzled by the seemingly bright prospects, and the people at IMAX are definitely not one of them. Otherwise, the IMAX company in the previous life would not have developed after more than 20 years.

"But... it's not necessary!" Ye Linqinwa obviously found it difficult to understand, "This is not tens of millions, two or three hundred million, but seven or eight billion US dollars! Although you are rich, you don't treat your money as money, right? ?”

For her, 10 million US dollars is enough for her to retire immediately, travel around the world with her sister and parents, and live a happy life.

Not to mention hundreds of millions of dollars!

Even if it's not hers, it still hurts to see such a waste.

"Sometimes, acquiring a company does not mean that you have control of the company! In order to completely control this group of people and in order to avoid bigger mistakes in the future, this lesson is inevitable." Yin Jun said lightly, "If I tell them in advance now and avoid this loss in advance, how can they be so painfully unforgettable? How can they listen to me and develop giant screen technology as I say in the future?"

"Is it that important?" Ye Linqinwa frowned.

"Compared with my future plans for giant-screen technology in movies, hundreds of millions of dollars are nothing!" Yin Jun said, "I actually don't care about money. Money is just a tool for me to realize my ideals! Besides, , I didn’t take out this money, at best it’s just what I earned in the past few years, and I’ll just spit it out next year.”

After a pause, the young man looked at Ye Linqinwa and said, "Linwa, if you only think about money, wouldn't life be too boring?"

If others say this and say they don't care about money, Yelinqinwa will despise this hypocritical person.

But when Yin Jun said this, she didn't doubt it at all.

She has only been with Yin Jun for a few months, but she already has some understanding of Yin Jun's temper and behavior.

Yin Jun doesn't look like a businessman at all, but more like a very simple cultural person.

What he enjoys is just writing books, writing screenplays, and making movies.

Look at the companies he founded, he didn't manage them at all. They were basically managed by professional managers, and Le Yiling, Yin Jun's sister, was in charge.

Only such a pure person can write such classics as "Forrest Gump", "Jurassic Park", and "Bridge of Dreams"!

Therefore, if Yin Jun really has such an idea, he must be willing to pay such a price.

But, is future giant screen technology really that important?

Ye Linqinwa thinks it’s time for her and her sister to go see some giant-screen movies!

…

(On the first day of the Chinese New Year, please order everything. Come on, gentlemen, just move your fingers! ^_^)