Chapter 679 On the Knife Holder's Neck

Gray ignored Yang Cheng's sneer, and said to himself, "After the acquisition is completed, my first big move is to hire Nassetta to replace Bollenbach."

Yang Cheng noticed that he was smiling at Nassetta next to him, he was full of flirtatiousness, and cursed in his heart, "Damn gay~"

"I've known Nassetta since the early 1990s, back in the savings and loan crisis, when the federal government set up a restructuring trust company to sell bad home mortgage loans and other troubled securities inherited from failed savings banks, Nassetta was a member of the trust company at the time.

For Nassetta, making the decision to run Hilton was complicated because Hilton's main headquarters is in Los Angeles, while he and his family live in the Washington area, and while I still convinced him, no one was a better fit for Hilton The position of CEO of the hotel.

While Bollenbach is a brilliant strategist, it is Bollenbach's fault that Hilton has been lifeless under his management, a far cry from the ambitious Hilton it was two decades ago! "

Yang Cheng frowned, and thought to himself, "Is this implying that my management ability is not good?"

Gritting his molars, resisting the desire to scold, he continued to listen to Gray's narration. He said, "Hilton's headquarters is located in Beverly Hills, and the high-level office closes at noon every Friday. Hilton has five business departments. , distributed all over the country, Nassetta also feels that this kind of corporate structure is not conducive to operations, and can be described as disorganized and self-satisfied.

Nassetta went to all five business units, and in each of them, they would tell you, 'We're doing the right thing, that's how the company should be, and the other four got it all wrong. '

This is the rigidity that Hilton slowly developed under Bollenbach, who completely transformed the company culture into one that is integrated, consistent, and performance-oriented. With joint efforts, one by one was solved. "

The more Yang Cheng listened, the more he felt that the other party was using Hilton's example to warn him, but he didn't think that New Era Media, which was still in kindergarten, would be as proud and complacent as Hilton, who had been successful for many years. If you mess up your emotions, you can grab the class and seize power!

Sure enough, when the conversation changed, Gray pointed the finger at New Era Media, "Jason, New Era Media seems to have a bright future on the surface, but in fact it is facing multiple crises both internally and externally.

Yahoo, Google, and Facebook, the three major Internet groups, are all developing the personalized push function of Toutiao-like apps internally. Once the layout is completed, the advantages of Toutiao app will no longer exist. Of course, you can say that Toutiao has the right time, place and people. They want It will take decades to catch up, but it is undeniable that the three major groups have sufficient cash flow and the supporters behind them have enough money to greatly shorten the time, perhaps 10 years, 5 years, or even a year. year!

Not only that, but your successive large-scale acquisitions have kept the capital chain of New Era Media on the verge of collapse. In other words, you have been walking a tightrope. Once there is a bubble crisis, the collapse will only happen in an instant. Of course, as the parent company, the four-dimensional space It can be continuously transfused blood, but this is not a long-term solution.

The most important thing is that the current Toutiao app has not been approached by the relevant departments. This is also due to the escort of the Yang family and previous rounds of investors. But when the big data of the Toutiao app is infinitely expanded, you think the relevant departments Will you be asked to hand over user information to collect information? Don't be lucky, this is a cut that every large Internet company can't get around, including Facebook, even Microsoft, and Google. "

The more Yang Cheng listened, the more chilling he became, because Jon Gray's words were very likely to come true. He could vividly remember the crisis that Facebook encountered in his previous life. Xiao Mazi was forced to sweat profusely at the hearing. It was not a show .

This period of time went so smoothly that he almost forgot the usual behavior of the big American hooligans, yes, he didn't come to his door now

It's just because the scale of the headlines is not strong enough, but once it expands to the status of Facebook, Yang Cheng will have to make a choice, whether to compromise, compromise and hand over the data in exchange for ZF's good citizen certificate, and not compromise to die for the privacy of users He doesn't know what the outcome will be if he carries it through to the end, but most likely he will be targeted by various conspiracies, and life will not be easy.

Of course, he can stand in line now, such as joining the donkey party camp, in exchange for support at critical moments, but this involves the interests of the family, one after another, Yang Cheng can't wait to shoot Jon Gray directly, it's him Doing something.

After calming down, he asked with a seemingly calm expression, "Then if I agree to the share swap, will Blackstone Group have the ability to prevent me from being targeted by the police?"

Jon Gray smiled and looked at James, and said confidently, "Of course, the Blackstone Group will desperately protect its own interests."

The implication is that if Yang Cheng accepts the equity replacement, he will become a member of the Blackstone Group.

It can't be denied that the Blackstone Group's zz investment is much larger than that of the Yang family, and it has been cultivated for decades. There are people from the Blackstone Group in Congress to speak for them.

But handing over New Era Media just like that doesn't fit Yang Cheng's character, so what should I do?

Yang Cheng squinted his eyes, his brain was running at high speed, and countless brain cells died every second, but he still couldn't find a way to crack it. Damn, he hates this kind of threat. It's worse than holding a knife directly on his neck. Uncomfortable, Chi Guoguo's conspiracy, people did not say a single threatening word from the beginning to the end, but the story of the gun and the stick made Yang Cheng deeply aware of the sharpness of the knife, this is the financial master The strength of the crocodile.

This time it was the turn of the wily James to speak, "Jason, you also know that the most clichéd story on Wall Street is that a group of cheerful company executives gathered above the trading floor of the New York Stock Exchange to ring the opening bell on the first day of the company's listing. , of course, now that trading has become electronic, the stock exchange itself has become a television set for the ritual, but trite or not, Nassetta, Gray, and their teams at Hilton and Blackstone in December 2013 The ceremony was still held on November 11th, it was the most yearned-for wonderful moment in the life of all business elites.”

Yang Cheng adjusted his sitting posture and turned to the eloquent Hamilton James. He was a little confused, so why did he mention Hilton again? Does this have anything to do with him?

"When the opening bell rang and we turned and looked at each other, I'll never forget that moment," Nasetta echoed. "We didn't say anything, we just hugged happily." What they didn't have to say Yes: "We will never lose faith in the company, and we will never lose faith in each other."

“We gave every trader who worked on Hilton stock that day a terry cloth bathrobe—like the kind that hotel guests try to sneak away.” Gray looks reminiscent, like an old friend It's the same as reminiscing about the past.

James and Yang Cheng looked at each other, full of temptation, "At the close of trading on the day of listing, Hilton's stock closed at 21.50 US dollars, the company's market value was about 20 billion US dollars, and Blackstone's profit was nearly 9 billion US dollars, creating the second highest profit in history. The IPO transaction of the company was second only to the US$10.1 billion earned by Apollo Loglobal in the investment of chemical giant Lyondell Basell Industries. Later, Hilton's stock price rose, and Blackstone became the first.

Although Wall Street investment banks seldom praise competitors, Solomon, the co-head of Goldman Sachs' investment banking department, called me on the spot and praised Hilton's success.

So Jason, you have to understand a truth, yes, there are many factors for success, and it is not difficult to sum up afterwards, but many people did not make the most correct choice at the right time.

The two people who deserve the most credit for this Hilton deal go to Gray and Nassetta, they both made the right choice for sure, that's what they're paid for, but they're also good people and I'm thrilled with their success and proud. "

He talked a lot of nonsense that Yang Cheng thought was meaningless, but he summed it up in one sentence: He who understands current affairs is a hero!

Nassetta hesitated for a moment, and persuaded him sincerely, "Jason, it's the first time we met, but I admire you for making such a great achievement at this age, at least I can't match it, so I think You can think about it rationally, and you will not suffer from this transaction.

First of all, the Hilton Group’s revenue capacity has been continuously rising. By the fourth quarter of this year, it is expected to increase by 6%. The single-quarter revenue is approaching 3 billion US dollars, and the net profit exceeds 300 million US dollars. I believe this revenue capacity is better than that of the new era. The media is not bad either;

Secondly, after completing the equity transaction, you will become the largest shareholder of Hilton Group without losing your status as the largest shareholder of New Era Media;

In the end, you will win the friendship of the Blackstone Group, which I believe is worth a few hundred million dollars less than you earn. "

Yang Cheng laughed contemptuously, "A quarterly profit of 300 million U.S. dollars? That's just the profit of a movie owned by a subsidiary of New Era Media. If you really looked into it carefully, you wouldn't use such ridiculous reasons to persuade me. "

He refers to "Fifty Shades of Grey". Although the net profit is as much as US$300 million, the figure is not much different after adding the long-term income of subsequent peripheral copyrights.

"As for the largest shareholder of the Hilton Group? I'm sorry, I really don't care too much, and don't fool me, unless the Blackstone Group fully withdraws and I re-delist the Hilton Group to privatize, I will be slightly moved.

And your friendship with the Blackstone Group is really ridiculous. You won’t be praised by the media as the king of global private equity, and you will naively think that you can replace Goldman Sachs, Morgan Stanley and other investment banks to rule Wall Street, right?

Finally, I would like to ask, what good has our lord of the state, Mrs. Ladderton, done to you to make you work so hard to avenge her? "()

Please remember the first domain name of this book: . Mobile version reading website: