In the next two days, Michael Eisner showed strong psychological qualities and was always exercising the power of shareholders, even though he almost became a veritable lonely man.

Even if he persists, it will lose its meaning. Ryan's series of measures not only bring benefits to himself, but also ensure that other shareholders also receive obvious returns and receive support from the vast majority of people.

Besides, the equity firmly standing on his side obviously exceeded 65%, and it is not too difficult to force it.

Of course, Ryan would not do this unless he had to.

When the shareholders' meeting ended and the press conference was held, the media discovered that Disney had ushered in the biggest upheaval after 1984.

Michael Eisner not only lost his position as chairman and CEO, but he was even no longer a member of the board of directors.

Roy Disney became the new chairman, and Robert Eiger and Dick Cook were fully pushed to the position of CEO and president by Ryan. In this way, the power between the three forms a new triangle. At the same time, Disney strengthened the power of supervisory agencies such as the nomination committee in case of Michael Eisner's previous precedents.

As for Ryan's side, he must be the one who gained the most.

He is not good at management. If Disney really gives him the power of daily management, it will probably become a mess soon.

North America has a complete professional manager system. As long as supervision is not relaxed, there is no need to do everything by yourself.

In addition to occupying an important seat on the board of directors as the largest shareholder, Ryan also served as creative director of Walt Disney, with the power to directly interfere in all its film businesses. This position is infinitely close to the position of founder Walt Disney, who "takes all production film producers".

Former Pixar executive vice president John Lasseter will serve as the chief creative director of the new Disney animation department and the chief creative consultant of Disney Fantasy Engineering. Former Pixar president Ed Camel will serve as the president of the entire Disney animation department, and the two will be directly responsible to Ryan, Robert Iger and Dick Cook.

Pixar Studios handed over to veterans such as Andrew Stanton and Peter Dougt.

In a sense, Roy Disney's chairman is more like a mascot for achieving a smooth transition in Disney. The old man may feel a little unwilling. But Ryan gave the Disney family several times stronger than Michael Eisner's time.

Subsequently, Disney announced more explosive news, sending a good-faith merger invitation to Marvel Comics and Jenkins Pictures.

Not long after, Marvel Comics and Jenkins Pictures responded positively to the invitation, and the three parties started formal negotiations a few days later. Obviously, the top leaders of Marvel Comics and Jenkins Pictures were prepared for this situation.

Will this wholly-owned merger fail? The media are not fools, knowing who is leading all this behind the scenes. A brand new behemoth will inevitably come to Hollywood.

The negotiations went very smoothly. For example, Jinslie, Scott and others had already been celebrating with Ryan. When late November arrived, the three parties reached a relevant agreement, and the merger and acquisition still adopted the current financial capital and stock exchange.

As the largest shareholder of Jenkins Pictures and the actual controlling shareholder of Marvel Comics, Ryan's Disney shares increased to 57%. If Nicole, Kingsley, Scott, etc., who also became Disney shareholders, although Disney is still Disney, it has become a new "Jenkins Pictures" with a complete industrial chain.

After the merger and acquisition, a series of internal problems will definitely arise. Robert Eiger, who has a relatively gentle personality, is undoubtedly a good player to solve this problem. After all, he did a very good job in his previous life.

In addition to finance and other aspects, Marvel Comics, Jenkins Pictures and Pixar Studios still have relatively independent businesses. However, the full-industry chain operation model will fully transform the advantages of these three companies in movies and comics into huge profits.

In short, it takes time and process to fully integrate these three companies.

However, the changes from the stock market alone have made the shareholders who chose to support Ryan happy.

Disney expanded rapidly like inflatable, not long after the merger was completed. The market value exceeded US$60 billion in one fell swoop, the value of the stocks in the hands of shareholders increased greatly, and the net income per share was fully predictable.

This is a win-win deal between all parties.

Wall Street investors resell Disney shares and made huge profits, while Google and Blizzard shares bought from Ryan have been rising.

Ryan has obtained a complete industrial chain that can maximize the benefits of what he is most interested in.

There are also News Corp, Time Warner and Viacom. After the merger was completed, Disney reached a new agreement with them. Although there is a competitive relationship between them, holding shares is the default rule of the Media Group.

Most people or investment institutions are quite satisfied with the returns they have obtained during this period of change. The person who is most dissatisfied or angry must be Michael Eisner.

For the sake of profit, Wall Street can support him, and for the sake of profit, Wall Street and Disney shareholders abandoned him.

Michael Eisner lost all his position in Disney and became the kind of shareholder he once laughed at in his heart.

Of course, he is one of the best professional managers in Hollywood and even North America, and it doesn't seem too difficult to find a job as a senior executive in a large group.

However, losing the throne of Disney Chairman and CEO, he undoubtedly lost the biggest amulet.

In mid-November, the Delaware Equity Court ruled in the case of Disney shareholder suing former chairman and CEO Michael Eisner and other board members, ruling that Disney directors had negligence and malfeasance in the sky-high salary and resignation payments of Ovez, and found that other directors of other companies, including Michael Eisner, bear joint and several liability for compensation, while Michael Eisner bears the main responsibility, and individuals must pay compensation plus interest for this total of $100 million.

With Michael Eisner's wealth, the money is not a big deal, but no one can fill the loss of his reputation as a result of the loss of the verdict.

For a professional manager, how important is reputation in the United States with a highly developed business?

The only way to leave Michael Eisner is to retire early and find a place to retire.

At the same time, Disney is also optimizing on the basis of stabilizing internal affairs, giving up several holding companies that Michael Eisner acquired due to his ambitions and power, including Miramax.

The medium-sized film company was sold at a market price to its founders, Weinstein brothers.

While Disney was integrating, the English football industry also ushered in a drastic change.

Previously, Ryan already owned 62% of Manchester United's shares. On the surface, the acquisition case was dragged here without death due to the insufficient liquidity caused by the abandonment of the leverage acquisition and the strong opposition from Manchester United fans.

In fact, since October, the relevant personnel of the "Red Football" company have re-engaged with other non-fan shareholders of Manchester United's non-fan organization and are preparing to start a new round of acquisitions.

These people are different from those diehard fans. Perhaps there are fans among them, but the first thing they pay attention to is definitely not where the acquisition capital comes from, but how much benefits they can get from it.

To put it bluntly, as long as the price is right, it is not difficult to impress these people. The Glazer family in their previous lives also proved this.

In November, the company "Red Football" released new data to the market, and its shares in its hands increased to 72%, and Manchester United was infinitely close to withdrawing its cards from the stock market.

The fans were once again in a hurry and launched another round of protests.

In sharp contrast, it is the attitude from Manchester United's management, which all expressed support from the general manager to the CEO. Moreover, because this time it was not a debt acquisition, the fans' opposition was relatively less.

Soon, the Red Football Company reached an agreement with several shareholders, increasing its shares to more than 75% and soon removed Manchester United from the London stock market.

At this point, Manchester United has completed the transformation from a listed company to a private property.

But the 'Red Football' company did not give up and continued to negotiate with other shareholders without taking the initiative.

The public support of Alex Ferguson, David Beckham, etc., who have great influence among fans, became the last straw that overwhelmed the camel. The remaining individual shareholders and those not-too-stubborn fan organizations also transferred their shares.

In this way, Ryan finally reached 90%. According to relevant regulations, regardless of whether the other fan organizations agree or not, they must transfer their shares in Manchester United. This most successful football club in the Premier League era has completely become his possession.

If you want to win the support of Manchester United within the company, it goes without saying that those management teams who took the initiative to contact him. Ryan promised Alex Ferguson to increase the transfer fee budget every season and fully support him in carrying out technical reforms to Manchester United.

As for David Beckham, that would be even simpler. He directly dealt with Victoria Beckham.

Ryan promised that the former noble hottie would introduce her to the upper class of Hollywood as a friend. Mrs. Beckham, who traveled between London and Los Angeles several times but did not gain much, immediately made the wisest choice.

From choosing and building Beckham, we can see that Victoria is a smart woman. How much effort will she save in the future if Ryan is solemnly introduced to a big man in Hollywood?

Ryan was also a person who kept his promises and chose a grand party to push the celebrity couple to Hollywood.
Chapter completed!