Chapter 511 Disagree
The fall of the Twin Towers is undoubtedly another blow to the already sluggish American economy, which is undoubtedly another blow, which is most directly reflected in the stock market.
After 911, the New York Stock Exchange suspended trading for four days and only reopened the market next Monday, while the Dow Jones Index fell by more than 14% on the first day of opening.
In order to save market confidence and avoid adverse effects on economic recovery, the Federal Reserve and the US Securities and Exchange Commission have announced a series of emergency measures.
During the market closure, the US Securities and Exchange Commission convened the heads of major commercial banks and investment banks to discuss the situation, unify their thinking, seek measures to stabilize the stock market, and allow listed companies to raise funds to repurchase their own shares in large quantities. This not only helps to improve the earnings per share of listed companies, but also is equivalent to injecting a large amount of funds into the stock market. At the same time, the repurchase behavior also shows the attitude of listed companies towards their own stock prices. The Federal Reserve also cuts interest rates twice after seven consecutive cuts.
The federal government has launched a fiscal stimulus plan of more than $100 billion as quickly as possible.
These timely and effective policy interventions have largely stabilized investors' confidence and gradually stopped falling and stabilized the stock market. The stock market quickly bottomed out and rebounded two weeks after 9/11, and basically returned to its previous level by October, which has generally eliminated the negative impact of this short-term.
The market has stabilized again, and has also rebooted some long-planned listing plans, such as Google.
In my previous life, Google's previous financing was difficult. In 1999, the two founders tried their best, but they won $25 million in investment. In this life, the investment they received from Ryan is four times that of this number. In the following time, they received large investments.
Of course, they paid more than forty percent of their equity.
The sufficient funds and the rapidly expanding Internet market have brought rapid development speed to the company, especially the IT stock myth created by Yahoo, which is deeply related to it, which makes them envious.
However, Google's road to listing is full of anxiety.
According to the initial plan, Google's management wanted to go public in mid-2000, but encountered the bursting of the IT bubble.
Based on the company's development and profitability, as well as the secret promotion of Ryan and some people on Wall Street who want to share the cake, they plan to go public this year, just when everything is on the right track and is a few steps away from listing. 911 is here again...
However, none of these hit Google's confidence. The stock market recovered slightly, and the upcoming listing plan finally came to an end.
Google's latest financial report shows that its profit in the first half of the year reached $445 million. Several Wall Street financial institutions commented that this figure will grow rapidly in the future because it faces a huge market that increases from $3 to $5 billion a year.
Entering late October, after long-term preparations, Google officially landed on the Nasdaq public offering, with a single share price of US$85, and rose to US$100.4 at the close of the day. The overall market value exceeded US$25 billion.
JPMorgan Chase and Credit Suisse have become the largest shareholders in stock raising. They are not only optimistic about Google's current market value, but also predict that Google's market value will double in the next one to two years.
Because of Wall Street's unanimous optimism, Google instantly became a popular celebrity stock.
By November, its single stock price had approached $130, and its overall market value exceeded $30 billion, which even led the Nasdaq to get rid of its decline. High-tech stocks gradually showed a trend of recovery.
Almost the entire Wall Street believes that Google will become the new leader in online stocks and has unlimited future potential.
Countless Google payouts have been posted in the market, and Wall Street investment institutions are actively contacting various Google shareholders, hoping to get a share of the pie.
And Ryan, the largest shareholder of Google, naturally became the focus of everyone's attention.
His plan also came to the most critical moment. Google went public early and did not encounter a Waterloo, giving him enough confidence. He no longer had to start the alternative plan.
Sharing with Wall Street is certain and necessary, but they also have to come up with some conditions, and then. He has reached a preliminary agreement with some Jewish groups.
Because some intentions were reached before 9/11, the final conditions are naturally much faster. Ryan transferred 20% of Google shares and 10% of Blizzard Entertainment shares at the market price, and then acquired most of the Disney shares in these investment institutions at a premium.
As for Blizzard, the "Warcraft 3: The Governance of Chaos" released this year has created a myth in the industry. Its market value has increased by 30% compared with the beginning of the year. After the stock market returned to normal, it became a star stock in the stock market with Google.
Wall Street invested in Disney not to run an entertainment company, but to make a profit.
Although the relationship of many years of business has played a certain role in it, it is undoubtedly the key role that plays a key role. As long as there is sufficient interest, vampires don’t mind whether the object of the transaction is the devil.
Then, Ryan reached a final agreement with Murdoch and Redondo, and exchanged some of the Blue Sky Studios shares and the copyright of the "Terminator" series to buy Disney shares in News Group, and obtained Disney shares in Viacom in cash and the copyright of "Mission Impossible".
And promised that the three parties will jointly invest in creating a new agent series "Spy Shadow".
Capital is always profit-seeking, and will make natural choices in the face of huge enough immediate interests.
All of this was secretly signed by representatives authorized by both parties on the last working day of this week.
After transferring a series of equity and copyrights and paying more than $7 billion in cash, Ryan's Disney shares increased to 45%, becoming Disney's largest shareholder.
According to relevant regulations, if you hold more than 10% of the shares of listed companies, you must publish information to the public, but the day you sign the agreement is the last working day of this week, and it will be fully in line with the regulations when you delay the release until next week.
Next Monday is Disney's shareholders' meeting.
…………
Disney's shareholder meeting was not held in the Disney headquarters building, but chose Room 1 of the Hilton Hotel in Beverly Hills.
What new measures will Disney take after annexing Pixar have been undoubtedly the focus of entertainment media attention. Since the sun just rose, a large number of media reporters gathered in front of the hotel.
"Disney and Pixar are a strong alliance, and we will regain the glory of animation."
Before Michael Eisner entered the hotel, he specifically accepted an interview with reporters. The head of Disney was proud, just as the entire Disney Group had changed its surname to Eisner. "I have made a detailed plan, and Disney will continue to move forward according to my vision..."
"Mr. Eisner, Ryan is currently the second largest shareholder of Disney. It is said that there are irreconcilable conflicts between you. Will this affect Disney's next development?"
“There is no problem between us.”
Michael Eisner waved his hand casually and walked into the hotel.
After the shareholders' meeting, he will start a new round of financing and other plans to dilute the guy's shares until he finally forces him out of Disney.
A shareholder without power or position? He smiled and shook his head.
"Hi Michael, what's so happy about it."
Right in front of the conference room, Ryan came over from the other side and happened to see Michael Eisner, "Why tell me and share it."
The lucky guy left! Michael Eisner hummed softly with his nose. He naturally knew some of the situations after Google was launched. Apart from such emotion, he didn't know what to say.
Ryan shrugged and walked into the conference room first.
He walked around and changed seats with a retail shareholder.
On the left are the agents from Wall Street. Although most of their shares were transferred to Ryan, they still hold a certain amount.
On the right are Ed Kamel, John Lasset and others. After the stock exchange, the core layer of their Pixar owns nearly three percent of Disney shares.
He first greeted those on Wall Street, and Ryan extended his hand to Ed Kaml, "I haven't seen you for a long time, Ed."
"Everything went well?" Ed Kaml asked.
"So smooth." Ryan nodded, then lowered his voice, "Are you and John ready to take charge of the entire Disney animation department?"
The two showed a knowing smile.
Suddenly, Ryan felt a needle-like gaze and turned to look at it. It was Nicole. The Australian girl was still expressionless, and her eyes were still a little cold when she looked at him.
OK. He admitted that he did not become too miserable after losing Pixar, and it was normal for Nicole to not vent his anger.
There are not many differences in the shareholder meetings of each company. After two hours and a period of rest, the most important issue in the morning came to the election of a new president, chairman and CEO, and there was only one candidate for the two - Michael Eisner.
In the eyes of most people, it is simply natural for Michael Eisner to lead Disney to annex Pixar and continue to serve as chairman and CEO.
Don't even prepare a competitor for the formalities?
Ryan looked at the big screen at the front of the conference room, showing how great the tyrant's desire for power was.
Michael Eisner looked at him, and the slightly raised corners of his mouth clearly had a mockery and a smile belonging to the winner.
Even though his wealth has become richer again, at Disney, he is always just a shareholder who has no say. Now, with the shares in his hands, it is still a little important. After a while, the shares are diluted and it is insignificant.
These are some of Michael Eisner's very obscure ideas.
His eyes moved to another place, and Ryan shook his head gently.
I still vaguely remember the relevant reports I had read in my previous life. Now it is almost a replica of Michael Eisner's resignation. At the shareholders' meeting, he was the only candidate for the chairman and CEO, but the shareholders did not buy it. More than 40% of the votes of distrust were forced to step down.
Of course, Michael Eisner in his previous life did not take Pixar, nor was he the largest shareholder of Disney. Now he is more popular.
However, the power of Wall Street in his previous life was too scattered and he was not concentrated together like he is now.
"I agree!" Michael Eisner was the first to make a statement.
As one of the most traditional Hollywood companies, Disney uses the most traditional voting method
"agree……"
"agree……"
“…”
The shares supported on the large screen quickly reached 30%, and a smile appeared on the Disney Tyrant's face.
Chapter completed!