Chapter 244

Chapter 244 The Rotation System and the NBC Television Network

Who can become the first CEO of Smith Media.

Now, this has become the most concerned thing for everyone at the meeting.

But what Abel announced next surprised everyone.

For Abel said:

"In view of the fact that Smith Media appeared for too short a time, and there was no connection between the internals before that."

"So I thought and thought, and finally I decided to implement a rotating CEO system in Smith Media."

The term "rotating CEO" surprised everyone.

This is a term that is very new in the American business world and no one has heard of it. "Dad~"

Abel clapped his hands gently, and someone from the consulting group came out to distribute some frivolous documents to some media group executives.

"This is Smith Media's definition of 'rotating CEO'. You can take a look first." Abel said.

This is in everyone's personal interest and everyone has taken it seriously.

The file is displayed. Smith Media will choose a number of rotating CEOs within the group.

These CEOs change once a year and the rotating CEO is mainly responsible for business management, strategic planning and internal coordination of the company.

Not everyone is familiar with this system.

Abel, who holds the main position, really doesn't know whether this management system, which has received very good results in China's future high-tech companies and Internet giants, can implemented in the United States, or whether it is useful. to carry it out.

This system first appeared in 2011 in parallel space and time. Appears in Chrysanthemum, a high-tech company with many companies.

This system has been used for several years and gives very good results for chrysanthemum interior decoration.

For Abel, if this type of management system can be implemented. For him, the president and his descendants, it is certainly the most suitable system.

"Rotating CEOs" are to some extent a check and balance on corporate power. The rotating CEO will not have much power over high-level internal personnel matters, thereby reducing corruption among employees.

In addition, this type of system can also reduce the risk that the company will cause heavy losses to itself due to problems with someone (mainly referring to the CEO), and the fate of the company will not related to someone. People.

There's a good example here, and current Disney Chairman Michael Eisner is that example.

ABC Disney Corporation may have its current size and position.

Michael Eisner deserves credit. It was Michael Eisner, who took over in 1985, who brought Disney to these heights.

Perhaps as time passes, the past suits Disney's Michael Eisner just fine.

Nowadays, it gradually cannot keep up with the pace of the new century.

Typically parallel time and space, without the efforts of Robert Iger and others, Disney would have separated itself from 3D animation giants like Pixar.

If Michael Eisner could keep up with the times, he wouldn't have resigned in 2005 and let Robert Iger take over. From 1998 to 2005, Disney made many mistakes because of Michael Eisner's decisions.

If it weren't for Disney's future, Mickey Mouse Robert Iger would certainly have appeared.

Without Robert, whether Disney can buy Marvel or Fox will be an issue.

It is a bit like many famous kings of ancient times.

These kings were wise and decisive in their youth and took the empire or kingdom to its peak. If you don't abdicate when you grow up, many kings will become stupid and violent and end the empire or kingdom.

For a company, this rotational management system can largely avoid such individual losses.

In addition, this type of system can also avoid the problem of eliminating a core group due to a certain CEO's resignation, which would seriously damage the company's vitality.

Additionally, every CEO will work hard to pull the cart and move the company forward during the turnaround period. If he loses his way, the next group of CEOs will adjust in time. In this business management system, the rotating CEO consists of a small team.

Thanks to "being different, being different", businesses can be controlled to continuously adapt to changes in the environment. Their decisions are made collectively, which also avoids corporate rigidity caused by excessive personal paranoia.

And stepping down after a year as a rotating CEO doesn't mean leaving the core.

They remain at the center of the decision-making process, do not abandon their responsibilities and duties, and are fully prepared for the next rotation. In addition, because he was worried about adaptation, Abel also increased the term of the "rotating CEO" from six months to one year.

If there is really no way to use this system, it can be changed directly afterwards.

"Have you finished watching yet?"

Ten minutes later, Abel's voice woke up everyone who was immersed in this unique and revolutionary management system.

"Then I will announce the group's rotating CEO list."

"Robert Iger, Michael Levine, Michael Ovitz, Richard Plepler, Dylan."

"Currently, there are only five of you as rotating CEOs," Abel said. But in the future, if another company participates and an excellent manager can also become the new rotating CEO.

As soon as the list was announced, everyone in the stands reacted differently. Robert Iger is a bit disappointing but acceptable.

After all, he was the first CEO, even if he resigned after a year, according to this system, Robert was still the CEO of MGM Entertainment.

After leaving the position of CEO of the group's headquarters, he still retains decision-making authority and can still participate in top decision-making.

There was no less power, and during this period there was more control over the group's other subsidiaries. For Robert, who had not yet achieved any results, no matter how he looked at it, this was a good thing. The remaining people still standing behind Robert were of course happier.

If there was no such system, Robert would be CEO. As long as he didn't make big mistakes, he would still be CEO.

Then others will probably despair as CEOs.

Currently, this "rotating CEO" mechanism is applied, meaning that as long as the job is done well, their turn can come according to the schedule.

Especially for Richard Plepler and Dylan in the back, they were really excited. before.

Among these two people, one is in charge of the media of the TV channel and the other is in charge of the print media.

These two parts are currently very weak in the group.

If there is no rotation mechanism, they will most likely not be able to become CEOs of corporate headquarters.

Now that there is a clear opportunity, they are naturally the happiest. Looking at people with different reactions, Abel added:

"This system is also the first in the United States. So I decided that the first year would be temporary."

"If it doesn't work, it will change next year. I hope everyone can fully deploy and develop the group better through this system. This will benefit everyone present."

The boss said so, regardless of what he thought in his heart.

Of course, all the Smith Media Group executives nodded. "Alright."

After announcing, Abel smiled:

"The first thing has been said, but it may not be that good. Let's talk about the second thing now. This second thing is considered a good thing for everyone here."

After Abel finished speaking, he turned his head to signal David standing behind him.

David Jones nodded and said "PPT" to his entourage at the door.

The meeting room quickly dimmed, and a white screen was deployed behind Abel, on which a projector was playing a PPT. Meeting attendees see on the screen an icon that resembles colorful flower petals and a peacock's tail. Below the logo are the three capital letters of NBC.

"You can see."

Abel's voice rang out: "The second thing I want to announce is that Smith Media will acquire NBC, which is the National Broadcasting Corporation of the United States!

As soon as the voice fell, the executives of Smith Media, who had remained calm throughout the process, reacted a little.

"NBC?" Robert Iger couldn't help but say: "Boss, did I hear correctly?" Will we buy NBC back?

Abel smiled and nodded, responding to Robert's question. Everyone saw Abel's reaction to Robert and immediately knew that Abel was serious.

No wonder they reacted so strongly.

You should know that NBC and the other two television networks have always been one of the three major commercial radio and television companies in the US.

The other two are ABC and CBS.

Just News Corp. FOX was born later and the number of major US television networks is now at 4.

One more is under government control, so there are now five.

However, FOX is currently inferior to the three traditional commercial television networks in terms of scale and brand power.

Among them, the CBS television network is currently owned by Viacom Media Group of the Redstone family.

The ABC television network was acquired by Disney in the 1990s. There is only one channel left, NBC TV, that has not yet been acquired by the media group.

Without a doubt, NBC is one of the most popular television networks in the United States.

Its headquarters are located in Rockefeller Center, New York, not far from the Woolworth Building, and the television channel is marked with a peacock tail.

It is part of the NBCUniversal media conglomerate, providing programming for more than 200 American television networks under its umbrella.

In 1926, NBC was founded by Radio Corporation of America (RCA) and was founded by Sanov in New York in November 1926. In 1986, its parent company RCA was acquired by General Electric, which in turn was also acquired.

This General Electric is currently the General Electric with the highest market value on the US stock market.

If Smith Media can really merge NBC.

There is no doubt that Smith Media will immediately become one of America's top three media corporations.

Now the boss says he wants to get such a monster. Smith Media executives, including Robert, would have reacted the same way.

Abel could also understand everyone's reaction, he said:

"This company cannot obtain a majority stake through sniping. It must use normal negotiations to persuade General Electric to transfer its shares to Smith Media."

Everyone knows the boss is right.

NBC is not a publicly traded company and most of its shares are in the hands of General Electric.

If you want to rely on the stock market to pull it, you can't get it with the boss's best means. But by negotiating with GE, can you get there?

What is probability?

Smith Media executives are feeling a little pessimistic.

General Electric, which just became the stock king last year, even though its stock price has dropped a lot due to the collapse of Nasdaq.

From a peak of more than $500 billion last year, it has now dropped to less than $400 billion. But it remains the listed company with the highest market capitalization in the United States and even the world.

It can be said that the words wealth and power are used to describe General Electric.

Currently, General Electric is not short of money, not to mention its special position in the US.

If he refuses to sell, even the US government will support him.

Like parallel time and space, General Electric's stock price dropped to US$0.02 per share. It's so awesome that he doesn't need to unsubscribe if he doesn't want to, and he doesn't go bankrupt over it.

But it's so cheap, who can buy it?

No kidding, even a hundred billion can't buy it.

In the United States, such a technology mainstay company desperately owns NBC and does not want to let go.

It doesn't matter who comes. As far as Abel knew, General Electric didn't care much about NBC.

As long as someone makes the right offer, GE will not hesitate to sell NBC.

In addition, General Electric only owns 80% of NBC shares.

Another 20% is held by the French company Vivendi Universal.

Vivendi is also a giant corporation, luckily it is a French company. Because it is a French company, what happened to Alstom could also happen to Vivendi.

Therefore, Abel chose to start with a 20% stake in Vivendi.

As for what to do, there's no need to tell everyone present.

Looking at everyone arguing, Abel said: "I tell you, I'm just warning you in advance. Let yourself mentally prepare. Okay, today's meeting is over, everyone goes to work.

It is not their turn to be responsible for the actual acquisition work.

Telling them this today is simply to lift their spirits and prepare them mentally.

Abel is not worried about whether Smith Media's acquisition of NBC will leak.

Because it is also useless even if there is a leak.

In America and even in the world, there are not a hundred companies that want to buy NBC, at least there are dozens. Among them, insufficient financial resources or insufficient qualifications and status.

Those who have the means and financial resources want to buy NBC at the lowest possible price.

The eight immortals crossed the sea in companies and all demonstrated their special abilities.

It's just that in front of the US government and General Electric, these supernatural powers are useless.

Now that Smith Media is included, it doesn't matter. And Abe is seriously considering buying NBC.

After the meeting.

A while later, around noon.

At the cognac restaurant.

Two days ago he invited Dayao here, but today the person he invited to dinner here was an old white man named Bob Wright. Bob Wright, joined General Electric in 1969; served as president of Cox Cable Networks from 1980 to 1983; served as president of General Electric's financial services division from 1983 to 1986; served as chairman and CEO of NBC in September 1986.

Bob has known Abel for a long time.

It must be said that most of America's elite are very curious about this young man, who has quickly become one of the most influential people in the country in a very short time.

In addition, Bob also has the clear idea of ​​inviting Abel to have lunch with him.

Sure enough, as soon as the two met, Bob heard Abel smile and say to him:

"Mr. Wright, I want to buy 20% of NBC shares held by Vivendi Universal."

Bob Wright smiled slightly: "Ha ~ Mr. Blacksmith. From an investment perspective, you can see NBC is profitable. Of course, I cannot comment on this because it is your own decision."

Seeing that the old man still wanted to lie about him, Abel simply got straight to the point:

"Okay. Then I'll be blunt. Mr. Wright, I want to buy NBC."

Hearing Abel's request, Bob Wright was not surprised.

This is already clear. Abe, the new giant of the media industry, invited Bob Wright, CEO of NBC, to lunch.

The two had no previous friendship and they didn't even know each other.

Normal people can guess what Abel is thinking and so can Bob Wright.

"So sorry." Bob Wright said very politely:

"NBC is not for sale to GE. We are not for sale, including you, Mr. Smith."

"Actually?" Abel smiled: "What if someone used 100 billion USD to buy it?"

"Yeah" Bob Wright, who was always very calm, couldn't help but frown, "Are you kidding me?"

If someone really paid $100 billion to buy NBC. After that, it was estimated that General Electric might slip and kneel down, quickly giving NBC to the other side.

Bob Wright couldn't help but look at Abel a few more times.

The CEO knew it was impossible but he still held out distant hope.

What if Abe really wants to spend $100 billion to buy NBC?

Isn't General Electric stupid when it comes to making money? "Hahaha~" Abel laughed, "Of course I was joking. If I had 100 billion dollars, I could have created at least three NBCs from scratch."

Bob Wright: "."

"Mr. Smith, that's your joke." He shook his head. "It's not that funny."

Thanks to Bob Wright, he still has some expectations, even though he knows those expectations are impossible.

But now that Abermind said it was a joke, Bob Wright was still a little upset.

"One hundred billion dollars is impossible." Abel deliberately teased Bob Wright, because before this guy was too quiet.

It seemed like Abel was determined. Abel is ready to have a nice chat with him now.

"One hundred billion is impossible."

Abel said: "But what about $20 billion?

It must be said that this number made Bob Wright momentarily relieved.

Because it was quoted a price of 20 billion US dollars, this is almost the highest price quote that General Electric has received in more than 10 years.

But Bob Wright still shook his head, knowing that the group would not accept the offer.

Bob Wright said it best: "NBC is not for sale and General Electric will not sell it."

What answered him was Abel's new offer. "What about $25 billion?"

(end of this chapter)