Chapter 1500 It's More Important without Him
Disney’s board of directors needs to implement relevant resolutions on the second day of the shareholders’ meeting. Chairman George Mitchell manipulated the agenda and insisted on submitting Linton’s suitability for the position of vice chairman to the board of directors for discussion and voting.
Shareholder representatives only voted for Linton to be re-elected as a director, and the resolution did not involve his position as vice chairman, which was within the power of the board of directors.
"I don't understand. I've already shown off my muscles, but they still seem to give me a little extra money. What kind of mentality is this?"
On the night of the shareholders' meeting, Linton issued a soul torture on 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 even talked yet...
Song Ya was also puzzled, "Goldman Sachs behind George Mitchell should not be so crazy..."
"I heard a rumor that the George dynasty, worried about Paulson's public image, was not at ease handing over the position of treasury secretary to him, who has the full support of Wall Street." Linton said.
"..."
Ah poof! Song Ya was speechless at first, and then almost laughed out loud, public image? Is The Wolf of Wall Street really that powerful?
So Paulson really hated himself?
Then George Mitchell's reaction makes sense...
It doesn't matter if Paulson doesn't make it, the treasury secretary is a greater threat to his business than the chairman of Goldman Sachs.
Regardless of the current difficulties, Song Ya suddenly felt relieved and asked you to cheat me! Didn't expect to be punished! ?
"I'll call Paulson myself and ask."
Linton should have suspected that he had suffered from his own misfortune, but he would not speak out with his close allies, and Song Ya did not say anything, and decided to take responsibility with actions.
Besides, it's been a long time since I chatted with Paulson, hehe...
"APLUS."
Paulson's tone was calm during the first conversation between the two after their falling out.
"Mr. Paulson, I guess we have a common interest at Disney, don't we? We both helped Katzenberg return to Disney, and we all recognize George Mitchell's contribution to the chairmanship this year."
Linton retained his position as a director, and he has built up a force that no one else can despise in the senior management of Disney's subsidiaries. However, he still has insufficient background in important institutions such as the Board of Directors and Supervisory Committee of Disney. , it is necessary to proceed with the transaction.
In addition to the Jobs-Robert Iger camp, regardless of 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 the chairman. After this shareholder meeting, they added another seat on the Disney board of directors. If Katzenberg can return with DreamWorks Animation, they will naturally be the first. Samberg will definitely get closer to them in the future. Except for the small flaw of failing to drive Linton out of the board of directors, the income from participating in Disney's civil war has been extremely rich, and it is not an exaggeration to say that he is the biggest winner.
It's time to let it go and focus on consolidating the results.
"So you won't take your company away?"
But Paulson doesn't seem to intend to act purely for profit this time, and the cunning old fox buried the hole 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 fully cooperating with him in the position of vice chairman. He can be regarded as healthy, and the mere vice chairman can't hinder him."
If the chairman can be a director, he has real power, and it is easy to run the vice chairman into a display, which is what George Mitchell did before.
"I don't know the specifics of those ... those power struggles within Disney."
Paulson played 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 who manages everything every day,
I'm also sorry to call and bug you with such a trivial matter. "Song Ya said.
"Well, then... first?" Paulson wanted to hang up the phone.
"That's it! Goodbye, Mr. Chairman."
"Okay, bye……"
"We keep in touch, Mr. Chairman."
"..."
Paulson was so disgusted by the billionaire on the other end of the phone that he said "Mr. Chairman", he put down the microphone and lay down on the boss's chair without stopping to breathe.
Goldman Sachs is out of the game, so they can only continue to force Eisner. Eisner just asked his own people to withdraw from the board of directors and failed to attack Linton at the shareholders meeting. The control over Disney's top management has also completely collapsed. It seems that the general trend is over. Yes, but His Majesty the Emperor has deep roots after all, and the relationship network created by many years of interests makes him still have a lot of influence on important institutions such as the Disney Board of Supervisors, the Nomination Committee, the Audit Committee, and the Remuneration Committee.
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 internal strife among the "royalists".
But the old king is still the king. Song Ya held a conference call with Linton, Sloan and others to decide on a strategy, and then took a deep breath and carefully picked up the microphone.
"APLUS."
In fact, including Paulson, no one expected that the always rebellious black pharaoh would choose to try to negotiate peace tonight. There is a show!
Wait, wait, wait, what's wrong with me? It turned out not to be angry at being my enemy, nor to wait for an opportunity to retaliate against the direct offense that night...
In order to keep my power, I have fallen to this point...
He immediately felt deeply ashamed.
It doesn't matter, Linton, who has publicly turned against him, has not been removed. He knows that his prestige in Disney has been discredited, and any straw may save his life!
Song Ya and Linton also have information gaps, such as the board of supervisors, the nomination committee, the audit committee, the remuneration committee... Those high-level executives who still seem to be loyal to His Majesty the Emperor are all for the sake of interests, mainly because they are paid by the high annual salary. Salary and equity incentives are hanging.
But in fact, whatever the position, salary, etc., any other party entering the market now has the strength to continue to feed them, and the premise of the equity incentive distribution is that the stock price reaches the target...Disney has experienced fierce internal strife for the past two years, and its market value has been fluctuating If the shock does not go up, there is no way to talk about equity incentives.
His Majesty's opponents have made him lose the ability to lead Disney's stock price to continue to rise, and that is of little value to these people. Everyone is very practical.
"Mr. Eisner, I watched the live broadcast of today's shareholder meeting..." Song Ya said.
"Really? Hehe, it's really embarrassing. It's like a farce today." Eisner replied cheekily.
"Yes, George Mitchell is absolutely amazing. It's the first time I saw a chairman swearing at shareholder representatives at a shareholder meeting..."
In fact, this kind of situation is not uncommon. Song Ya picks up what the other party likes and says it well.
"Haha, George is seventy years old, he has nothing to worry about."
The two chatted like nothing had happened before.
"Blake's Sahara will open next month, and I agreed to attend the premiere, what about you?" Song Ya played the emotional card.
"No, Blake doesn't like being photographed with me on his projects."
Eisner felt sad, his elder son was very confident in his art, and he was quite reticent to think that his personal success had something to do with his family background.
"That's Mr. Eisner. The things that are happening at Disney have already hurt everyone. I think it's time to stop. What do you think?" Song Ya cut to the point after talking about the past for a while.
"Of course, I also feel that it's time." Eisner's face became serious, and he pressed the receiver to his ear, not wanting to miss a word.
"The conditions that 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 let him inherit his power in Disney, and then let himself leave decently and give some high resignation compensation, promise to take care of his shares in Disney, his old subordinates, and the careers of his three sons, and keep a Senior consultant idle positions with acceptable salary and status, as well as promises to allow you to retain some influence, etc.
Neither one addresses my ultimate desire: power.
"APLUS, believe me, Linton is still a little underwhelmed, two years, I will take him for another two years, when George Mitchell leaves at the age of seventy-two like Roy Disney, I will give everything to him and you Yes, I swear," Eisner said.
the next day.
George Mitchell strode into the large conference room with a stern face. All the old and new directors had already taken their seats. "Let's begin." Next, "Let us welcome...Mr. Director."
The new director of Goldman Sachs introduced by him stood up and received everyone's applause.
George Mitchell then read out the resolutions of yesterday's shareholders' meeting, and then let the board of directors pass and implement them according to the process.
"I'm not targeting you, Linton, you've done a good job, but your business is too heavy, the copyright company is in a mess, and Buwei Pictures is in a mess. I need a deputy to better share my responsibility on the board of directors. related work."
George Mitchell couldn't wait to discuss Linton's position as vice chairman, and he asked hypocritically, "What do you think?"
"Thank you for your concern, Chairman Mitchell. I'm still busy. Besides, you have enough energy. As the vice chairman, I only need to do some procedural paperwork."
Linton replied: "I can do it, thank you."
"I didn't say that. You also saw the attitude of the shareholder representatives yesterday. With 57% of the valid votes, you were almost passed a vote of no confidence. As the chairman, I also need to explain to everyone." George Mitchell said.
"I remember that your no-confidence vote for re-election last year was exactly the same as mine yesterday, right? Mr. Chairman, if you use this reason, do you also need...hehe, give everyone an explanation?" Linton sneered back .
"Ai!"
George Mitchell roared impatiently, "Then let's vote with a show of hands! A show of hands agreeing to dismiss Linton as vice chairman!"
Eisner was the first to raise his hand, exchanged glances with Linton who was opposite him, and then looked at the other directors with a smile.
Talking with the black pharaoh broke down again yesterday, and the other party refused to 'reduce the price'.
Linton put his hands into his trouser pockets, leaned back, and looked up at the sky.
Um?
Robert Iger didn't even move? Eisner's eyelids twitched.
"Isn't it time now?" Another director questioned: "This personnel change is not expected by the market. How will the outside world react? The stock price..."
"Shares will come back!"
George Mitchell interrupted rudely, "Isn't it because some ambitious people colluded with each other inside and outside deliberately suppressed Disney's market value, and played this trick for me before and after every shareholder meeting! If you want to leave, just get out! We don't leave any unstable factors !No A...that kid might be even better!"
Including the new director of Goldman Sachs, some people began to raise their hands one after another.
"1, 2, 3..."
George Mitchell counting the votes himself, eh? Exactly half and half? "Oh..." He remembered that he hadn't raised his hand, and immediately raised it, "Okay, the resolution is passed!" He smiled at Linton.
Linton still maintained his demeanor and shrugged indifferently.
However, this type of ticket is dangerous enough. Except for the Robert Iger camp, several of his old subordinates did not raise their hands. Eisner felt the scrutiny of their betting, and knew that because of forcing the former director to complain about his illness, he gave way to Goldman Sachs. People made them even more chilling, so they had to put down their hands and rub their eyebrows to avoid staring at each other.
"Then I nominate Michael Eisner for this position."
George Mitchell also noticed the few votes that ran away, and gave Eisner a vague look of dissatisfaction, but he still had to give the benefits that he had agreed in advance. While speaking, he did not raise his hand at Robert Iger The person in question glared fiercely, threatening to retaliate in the future.
"I nominate Mr. Katzenberg," said Linton suddenly.
There was a sudden silence in the conference room.
A cold light flashed in Robert Iger's eyes, and he also turned his gaze to Linton.
Eisner was the first to react, gritted his teeth secretly.
"WTF... Katzenberg? Katzenberg isn't even one of us."
DreamWorks Animation hasn’t come back yet, and even if it does, there is a certain probability that it will be the same as the previous Pixar animation, only signing the publishing contract with Disney, and not holding any position in Disney, let alone a director, as Jobs did.
George Mitchell subconsciously laughed at Linton's nomination, but then realized that his side also supported bringing Katzenberg to Disney, which included conditions such as a board seat or even a higher position, so it's not good to talk too hard When the news reached Katzenberg's ears, the old man reacted quickly, and said instead: "Let's talk about it when Katzenberg comes. Please pay attention to Director Linton. Today's meeting will only discuss Disney's current issues."
"Katenberg needs a respectable job, and we promised him that."
Unexpectedly, Linton said it directly. The two camps cooperated in this matter, and neither of them could hide too much from the other. "Anyway, the position of vice chairman is not very important. We just keep it for him, and he can do it." Enough to show our sincerity at Disney."
"Shut up, you, vote..." George Mitchell swears impatiently, "Hands up for Eisner to take over as vice chairman!"
This time George Mitchell raised his hand early, and the ticket size was similar, but it was not more than half, because Robert Iger did not raise his hand. His people raised their hand first, but observed that he did not move, and put their hand down again .
"Robert?" George Mitchell urged.
On the one hand, it increases the hope that DreamWorks will come in, which is not good for the plan to restore Pixar led by him. On the other hand, it allows Eisner to regain some momentum after the fiasco of driving away his former subordinate Linton at the shareholders meeting. Many middle-level managers in the company will only see For these things on the surface, Eisner's acquisition of the vice chairman position will affect their choice, which is also detrimental to the power struggle between himself and the other party on the ABC TV network. Robert Iger, who had no preparation in advance, fell into a long test.
"I've had enough of Eisner, have you had enough of him too?"
That's true. While observing Robert Iger's reaction, Linton secretly wondered about Song Ya's insight last night. Song Ya said: "I think the same is true for Jobs and Robert Iger. It has been more than a year. The biggest problem we are currently facing The problem is: we all lost patience with his all-in-one balancing act in order to hold onto power. If he doesn’t leave Disney for a day, we may all be placed on both ends of the seesaw by him as pawns, up and down... So, in the end, He's the one that needs to be dealt with urgently, without him, it's probably more important to us than anything else, and he has to go."
Sure enough, Robert Iger shook his head slightly to his own people under the attention of everyone in the venue, without raising their hands.
"Damn it! Let's continue discussing this issue at the next board meeting!" George Mitchell could only curse helplessly, "It's over! The meeting is adjourned!"
Linton was the first to get up and leave the venue.
Eisner scowled, and ended up left alone in the conference room.
"Roy Disney's campaign to save Disney once again expressed dissatisfaction with the resolutions of the general meeting of shareholders and the board of directors. They announced that they would continue to promote the extraordinary general meeting of shareholders. The goal is still to overthrow Eisner's monopoly in Disney. APLUS also announced that it will also join this plan, This has sharply increased the chances of passing Disney's EGM..."
That night, the Save Disney website updated this message.
"How will Eisner react?" Linton was a little worried about Song Ya's decision, "We have completely torn face with him this time. It's a pity. I always feel that I can win him..."
"No, although the talks between Eisner and I fell apart, 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 Jobs, and lastly Katzenberg... he did a fantastic job of driving Katzenberg out of Disney, he couldn't really be pinning his hopes on Katzenberg's DreamWorks Animation, even if Katzenberg is currently in the process of getting back Show him kindness and generosity, and he knows that Katzenberg's sentimental artist personality can't really hold a grudge."
"I hope so." Linton smiled bitterly.
"Just wait and see the good show." Song Ya replied confidently.
After the Black Pharaoh’s strong participation in the rescue of the Disney website, the momentum is getting higher and higher. Although the Jobs camp also joined in a low-key manner, and the members of the Disney Supervisory Board have been bribed one after another. According to this trend, it will be able to gather temporary shareholders by the end of the year at the latest The threshold of the assembly is up.
Eisner grew more and more silent, like an ostrich with its head buried in the sand.
Time unknowingly entered April 2005, and he finally made a move.
"I know that the voices of doubts about me are raging now. I have served Disney for half my life, and I love Disney very much, but I swear, I am not the person who loves power in the legend at all..."
He publicly said: "Since everyone wants me to leave, then I will leave. For the future of Disney, I tend to agree with the company's chief operating officer Robert Iger's plan. We need to keep Pixar animation. I agree to launch a campaign against it. Moreover, I think that Mr. Jobs is the best candidate for Disney CEO, and I sincerely invite him to join the Disney family and lead the company to move forward!"
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