MTL - Reborn Capital Empire-v2 Chapter 698 Salary from the bottom of the pot
Chapter six hundred and ninety-eight
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Jim Chanos in a black suit pushed the door angrily and walked in.
"Gary, I still can't get in touch with Howard Stringer, that **** **** said he was on a business trip to Japan. So a fool would believe that at such a critical moment as the acquisition of MGM, he would actually go to Japan on a business trip?"
The cursing Jim Chanos sat down on the sofa next to him. His sturdy and fat figure made the whole sofa sway with his huge weight. In normal times, Gary Barber would definitely make fun of this old guy, but now the strange external situation has made him have no intention of opening his mouth.
"Carl Corey replied that there is a lot of controversy within Comscat about raising our leveraged buyout, and there is no accurate result yet, so let's take it easy." Donato Essie said.
"Providence Equity Partners, Texas Pacific Capital Fund, DLJ Commodity Bank Partnership, and Sifang Group are also very ambiguous. They said that they will wait for the results of Comscart and Sony Pictures before considering the next step. Whether to continue the leveraged buyout of us." Jason Parsons said.
Looking at Gary Barber with a gloomy expression next to him, Donato Essie couldn't help but say, "Gary, it's been a week, do we have to wait any longer?"
"Gary, something must have happened in between. Otherwise, the attitudes of Sony and Conscart wouldn't have changed so quickly!" Jason Parsons said with a serious expression.
"Of course I know there must be something wrong in the middle, but what's the point?"
Gary Barber said irritably.
"Maybe it has something to do with the matrix...!"
Jim Chanos' words successfully attracted the attention of the three, but before he could finish speaking, there was a knock on the door of the office.
"Come in!"
"Boss, Mr. Bruce Guo, Chairman of Matrix Company, is waiting for you in the reception room!" Carrie, who was dressed in a straight lady's business attire, pushed the door and said.
"Who are you talking about? Bruce Guo?"
Gary Barber's violent reaction surprised Carrie, who had just become his assistant. At the moment, he nodded quickly.
"It sure is him!"
Gary Barber said in a complicated tone.
"Gary, do we want to see him?" Donato Essie asked.
"Do you think it's possible for us to avoid seeing it now?"
Donato Essie hesitated for a moment, then shook his head dejectedly. The most promising Sony and Conscart consortium now has an ambiguous attitude. Then of all the agencies in Hollywood interested in MGM, the highest bidder was the Matrix.
"If we accept the matrix's offer, all our previous efforts will be in vain!" Jim Chanos' face showed a trace of unwillingness.
Compared to Matrix, Sony's leveraged buyout gave them nearly ten times the benefit.
"Everything can be discussed, since the Matrix is interested in MGM, then we can fight for the best conditions for us!" Jason Parsons said.
Hearing this sentence, the faces of the four of them improved a lot. However, Gary Barber, who had the most contact with Guo Shouyun, was not at ease. He is very aware of the difficulty of the young man, and if he is not absolutely sure, he will not come to the door to negotiate with himself.
But no matter what, since people have come, they can't be seen without too many choices.
In MGM's best reception room, Guo Shouyun took a fancy to Monet's oil painting hanging on the wall and the extravagant decorations around him, and sighed to himself, "It's really extravagant!"
Unlike him, the first-generation entrepreneur, after a hundred years of MGM's heritage, professional managers have long lost their ambition to lead the company forward. They just want to commute to get off work from 9 to 5 every day, have two days off a week, receive a high salary in peace, and take a private jet purchased with the company's public funds to spend a pleasant weekend in a villa in the suburbs, or Driving a limousine, which was also purchased with the company's public funds, to participate in extravagant banquets at the country club, as well as various golf and tennis games.
When the company can't afford this luxury, they can choose to leave with a generous pension and leave the mess to their successors. It's even better if there's an acquisition, and their bonuses are even bigger. In many large companies in the United States, there are too many such professional managers exist.
Gary Barber is just one of them.
Guo Shouyun shook his head. If his professional managers dared to spend their precious working capital on luxury cars, private jets, and senior membership cards and personal enjoyment of country clubs, he would have let them get out of the way.
Hearing the cluttered footsteps from far to near outside, Guo Shouyun turned around and looked at the door. Soon, Gary Barber walked in with a group of MGM executives.
"Hello, Mr. Guo, it's a great honor to meet you."
After briefly shaking hands with Gary Barber, "Mr. Barber, I'm not asking you to be natural, and I hope it doesn't disturb your work."
"Of course not, Mr. Guo is a distinguished guest that we can't usually invite."
"you flatter me!"
"Please sit down!"
Guo Shouyun nodded and sat down on the sofa in the reception area next to him.
"Mr. Guo, I came to the door in person this time, I don't know if it was...?"
After putting down the teacup, "The purpose of my coming here, Mr. Barber should be able to guess."
"Acquiring MGM?"
"Not bad!" Guo Shouyun nodded affirmatively.
"Mr. Guo, I'm very sorry, we have already agreed to the joint acquisition of Sony, Comscat, Providence Equity Partnership, Texas Pacific Capital Fund, DLJ Commodity Bank Partnership, and Sifang Group, and I am afraid we can no longer agree. You." Gary Barber shook his head.
"Really?" Guo Shouyun smiled lightly, raised his hand to signal, and Wang Jue, who was sitting next to him, quickly took out two copies of the documents and handed them over to him.
"I've got something here, Mr. Barber will see when he sees it."
Looking at the two documents handed in front of him, Gary Barber's heart skipped a beat, and there was an inexplicable sense of foreboding. But when he saw the contents of the file, his face suddenly became ugly.
"After I agreed to support Sony's DVD standard with Matrix's film library, they have made it clear that they will give up the acquisition of MGM. On the other hand, Comscat, after I succeeded in acquiring MGM, put the film library's exclusive TV. After the broadcasting rights were granted to them, Comscart also gave up the acquisition of MGM, leaving Providen with an interest in the entertainment industry, which could not support the overall situation. As for Texas Pacific Capital Fund, DLJ Commodity Bank Partnership , Sifang Group, without Sony's leadership, the loss-making MGM is not worth the 40% premium in their eyes." After a pause, Guo Shouyun smiled, "So, now, the only thing that can be discussed with Mr. Barber about mergers and acquisitions is I'm the only one left!"
Putting down the information, Gary Barber stared at the man who was chatting and laughing with anger in his eyes.
"Mr. Guo is really a good trick. He disintegrated the alliance between Sony and Conscart in a week."
"A week is a long time."
After a moment of silence, Gary Barber said, "I know how to accept reality. Now that Mr. Guo has prepared everything, what kind of conditions does he intend to give us?"
"Didn't Mr. Barber reach a verbal agreement with us before?" Guo Shouyun said with a smile.
"Don't Mr. Guo think this agreement is too stingy?" Gary Barber said in a slightly angry tone.
The condition he reached with Matrix CEO Buddy Morris at the beginning was that Matrix would invest $2.4 billion and take on MGM's $1.8 billion in debt to acquire MGM as a whole at a purchase price of $4.2 billion. As MGM's management, Gary Barber will receive three months, $3 million in salary, and $5 million in retirement compensation, for a total of $8 million. This treatment is good enough for normal acquisitions. But compared to the leveraged buyout, Sony's promised $50 million is too far behind.
From frugality to extravagance is easy, from extravagance to frugality is difficult. With $50 million in pearls up front, he would of course be reluctant to make Gary Barber accept the $8 million condition. More importantly, his chances of getting $50 million might have been destroyed by the person on the other side, which added to the resentment in his heart.
"Excessive? But I think it's normal! Even compared with the mergers and acquisitions of loss-making companies by other companies in the United States, the conditions given by our matrix to MGM's management are already superior enough."
Gary Barber certainly knew that $8 million in compensation was superior enough, but now he's thinking more than $50 million. Even if Guo Shouyun and the matrix won't give them so much in the end, they should add one or two more times.
"Sorry, Mr. Guo, I don't think the $8 million condition is enough for us to agree to the Matrix merger."
"Mr. Barber, don't think about it any more?" Guo Shouyun narrowed his eyes slightly.
"No, Mr. Guo, please come back!"
Gary Barber shook his head resolutely.
In the face of rejection~www.novelbuddy.com~ Guo Shouyun bent down and took the information on the table and handed it to Wang Jue.
"Mr. Barber, I came with a cooperative attitude at first, hoping to reach a result that can satisfy both parties. Since Your Excellency does not agree, then I have to 'meet each other', I hope Mr. Barber will not later. I'm sorry!" Guo Shouyun waved his hand.
And seeing Wang Jue who was on the phone and Guo Shouyun who showed confidence in his tone and demeanor, Gary Barber had a bad premonition in his heart again.
As if to confirm his guess, it wasn't long before the closed door was pushed open from the outside.
"Carl?"
Looking at Carl Bass, the chairman of the MGM board of directors, Gary Barber stood up in surprise.
After Karl Bass glanced at him, he did not respond. Instead, he turned around and walked to Guo Shouyun's side, and stretched out his right hand.
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