Chapter 852 wait for a while
Just as Ronan was dealing with the dispute between Charles Rowan and Christopher Nolan, something sensational happened in Hollywood.
The Disney family represented by Roy Disney joined forces with several Disney shareholders to convene a press conference and publicly accused the current chairman and CEO of Walt Disney for being the CEO of Disney. It pointed out that Michael Eisner was arbitrary and committed serious procedural mistakes in the hiring of Michael Ovitz as Disney's CEO and subsequent dismissal, which made Disney pay Michael Ovitz a liquidated damages of up to $140 million in vain.
In addition, they claimed that Michael Eisner must also be directly responsible for a lot of wasteful expenses for Michael Orwitz during his extremely short term at Disney.
For example, Michael Orwitz spent more than $5 million to decorate his luxurious office, and other expenses such as vehicles, planes and daily life, etc., are countless.
The consortium led by Roy Disney officially announced a public prosecution in Delaware, the registered place of Disney, sued Michael Eisner in the Delaware Court of Equity, demanding Michael Eisner to be responsible for the matter, and filed compensation of up to $250 million in principal and interest.
Shareholders sue the company's current chairman and CEO, which is rare even in a business society like the United States.
With the press conference held, Disney's internal conflicts and the internal struggle between Roy Disney and Michael Eisner were officially released, and were placed in front of the media and Volkswagen.
For a time, from the financial circle to the entertainment circle and then to the general public, there were many discussions.
This is undoubtedly a killer move carefully prepared by Roy Disney.
The Michael Orwitz incident was not a secret in the senior circle, and they basically understood the causes and consequences. Michael Eisner must have problems with the procedures.
For those who are interested in working with Michael Eisner, especially those who are willing to borrow funds, they have to consider the corresponding consequences that Michael Eisner may have if he loses the case.
"Disney's stock price, which was originally slowly falling, has also begun to stabilize."
Walking in the corridor to the conference room, Robert Eiger told Ronan: "It's obvious that Michael Eisner and Roy Disney are trying to win allies, while using funds to earn Disney shares to gain more initiative."
Ronan said: "Roy Disney is old and stronger, which will cut off Michael Eisner's source of funds."
Robert Eiger nodded and said, "Michael Eisner doesn't have much liquidity. In recent years, he has basically no other large source of income except for his professional manager at Disney. It is not easy to cash out the income that has become fixed assets in a short period of time."
He sighed lightly: "Michael Eisner actually has a lot of funds, but Disney's money is not his money. If he dares to embezzle it, he will only die suddenly."
Ronan said: "Michael Eisner is not so stupid, he takes the initiative to apply to go to prison. He should know that Roy Disney will definitely stare at him."
Robert Eiger said again: "Roy Disney has obviously been preparing for many years. Maybe in the late 1990s, there was a preliminary idea to rush Michael Eisner to step down. If this continues, Michael Eisner will not have much chance of winning."
Ronan also discovered that Michael Eisner lost unfairly.
Perhaps, Michael Eisner thought that as long as he sat in the position of Disney's chairman and CEO, he would have an absolute advantage and never took Roy Disney seriously.
In the past twenty years, Michael Eisner has indeed broken down the Disney family's shares in Disney through acquisitions, financing and share expansion, making Walt Disney no longer just Disney.
The two of them arrived at the conference room at this time. Ronan opened the door and walked in first, and Robert Eiger followed.
"Good morning for everyone." Luo Nan greeted with a smile.
Basically everyone here is acquaintances and has a direct investment relationship with Netflix Network.
There are not many people, only five people.
The person who represented Goldman Sachs was the old acquaintance Lloyd Blankfein.
Steve Jobs also came over. Although he didn't say a word, sitting here means an attitude.
Ronan shook hands and greeted each other, pulled open the chair and sat down, waited for Robert Eiger to say a few words of scenes, took over the dominance, and said directly: "Everyone, we have worked together before, we are all shareholders of Neficent Network."
When it comes to Netflix Network, everyone is in a very good mood, talking and laughing.
Since investing in Netflix Network, they have never regretted it. Netflix Network's rising stock price has also made their investment returns continue to rise.
Lloyd Blankfein said: "There are still too few Netflix shares circulating on the market. Ronan, when will Netflix go to secondary financing? We have been waiting."
"There will definitely be secondary financing." Ronan knew that Netflix Network's money burning days were still to come: "Please wait patiently. We are partners. If Netflix Network raises funds again, we will definitely give priority to everyone here."
These words undoubtedly made the atmosphere in the conference room more harmonious.
Steve Jobs didn't speak, but was just observing silently, and became more and more sure in his heart that Ronan Anderson is worth investing in.
There are vision, ability and decision-making, and such young people often mean a bright future.
After everyone discussed for a while, Ronan changed the topic at the right time: "In addition to Netflix Network, we actually have a common identity."
There is no fool here, so of course he understands what Ronan is talking about.
Ronan said: "We are all shareholders of Walt Disney, holding more than one percent of the shares in our hands, which is worth more than $350 million."
"Goldman Sachs is estimated to have the most, close to three percent, with a total value of $1 billion," Lloyd Blankfein said.
A senior president from Morgan Stanley said: "We also have a lot of hands. We originally thought that Disney would merge with ABC TV. Once the two parties merge, Walt Disney's stock price would rise significantly, but the result... Disney has really disappointed in recent years."
Another said: "It's a pity to sell, it may even lose money. If you stay in your hands for a short period of time, you will not see hope. This is not a good investment."
"Among the people here, Relativity Entertainment is the latest to enter the venue." Ronan said at this time: "But he also invested hundreds of millions of dollars."
Lloyd Blankefield was surprised: "I have never understood why Relativity Entertainment suddenly had to hold a stake in Disney."
Ronan said directly: "Because I saw an opportunity to make a profit from Disney."
These people immediately thought of Roy Disney who came to the door some time ago, and exchanged glances with each other, all guessing that Ronan might be standing with Roy Disney.
Want to use your influence and partnership to win allies for Roy Disney?
Lloyd Blankfein, who is most familiar with Ronan, said directly: "Ronan, it seems that you are ready to support Roy Disney?"
Before Ronan could speak, another person said, "Can Roy Disney turn the situation around Disney and make our investment worth the money?"
"Support Roy Disney?" Ronan suddenly said: "Why support Roy Disney?"
Everyone, including Lloyd Blankfein, looked at Ronan with a little surprise. This really surprised them.
Ronan asked specifically: "Everyone, I wonder if you have considered it. Is Roy Disney capable of leading Walt Disney out of the predicament?"
He doesn't need anyone else to answer: "Who has developed Walt Disney from a single studio to the entertainment and media group today? In the past twenty years, Roy Disney has never participated in Disney's front-line work and is too far from the first-tier market in this industry. To put it inappropriately, he has no ability or energy to ensure that Walt Disney is back on track. Of course, he can hire professional managers for Walt Disney again, but how likely is a person who has been away from the first-tier market and has been managing for up to twenty years? "
Everyone didn't say anything, but they were all thinking about Ronan's words.
"Also, to say a little arrogant, Relativity Entertainment and I have set my sights on Walt Disney." Ronan has the capital to say this now: "So, as a partner, I would like to say hello to you in advance. Perhaps Disney's investment is nothing in the hands of you who have great business at home, but it is also a property worth hundreds of millions of dollars."
He glanced at Robert Eiger: "Bob and I have a plan. If it is implemented smoothly, you will not only recover your investment, but also have the hope of making a certain profit."
Lloyd Blankfein smiled: "We won't invest resources in Disney anymore."
"You don't need to invest." Robert Iger finished his sentence in time: "The specific work is completed by Relativity Entertainment."
He looked at Steve Jobs, and Jobs spoke slowly: "I will cooperate with the theory of relativity."
Pixar's kids need to go home.
"Relativity Entertainment really targets Disney?" someone asked.
Ronan said: "The Disney shareholders' meeting will be clear." He said to Robert Iger, "Let's get started."
These are people who will never be moved without seeing the benefits, and Ronan did not expect a few words to impress them.
Robert Eiger personally sent the relevant plans to them: "We will gain the end of these meetings. What you saw and heard today, when you left this conference room, you will assume that nothing had happened, and Ronan and I would not admit it. When the opportunity appears, it will not be too late for you to take action."
Chapter completed!