Chapter 340 (1/2)

Rockefeller Center in midtown Manhattan.

Simon and Janet flew back to New York yesterday and started working again today.

Cersei capital headquarters is not located in the lower urban area where financial enterprises gather, but in building 1230 of Rockefeller Center, with three subsidiaries occupying one floor each.

Janet values their lives more than her work.

Therefore, unless necessary, women only plan to work three days a week for three subsidiaries. And, even during working hours, most of the time, they will live in Los Angeles with Simon.

Wall Street is full of all kinds of workaholics, but there has never been a lack of people who can achieve a lot with little work.

In the process of acquiring Blackstone financial management company of Blackstone Group a few days ago, Simon found that John slaber, the head of Blackstone Group's real estate investment department, works only 40 days a year, but can get 20% of the equity of the partnership and still lives in Chicago, far away from New York.

In fact, it's very simple. If you want to achieve this working state, the key is to choose the right team.

That's what Janet was doing two months before the wedding.

Cersei fund management company's team has gone through a year of polishing and screening, which is the most reassuring one. Leon black and Lawrence Fink, the leaders of Apollo management and black rock asset management, both have Simon's Prophet advantage, and they are also very reliable.

In the conference room of cersei capital headquarters.

The meeting on Lawrence Fink's team's investment plan for the new quarter lasted for two and a half hours. By the end of the meeting, it was almost noon.

Simon sat next to Janet all the time, patiently watching the meeting.

Lawrence Fink is very much looking forward to Simon's opinions in the process of the meeting. However, the boss behind the scenes, who should have a greater say than Janet, has never said a word, which makes Lawrence Fink feel elusive.

Sometimes I think Simon may not know about the asset management industry, and sometimes I think it may be so. However, a young man who has made so much money for himself in just over three years, Fink absolutely dares not to despise him.

In fact, Simon is just trying to be a shake off shopkeeper.

In the afternoon, there was a meeting with Apollo management team. Everyone left the meeting room and went to a restaurant in the building.

In the corridor, just as the elevator opened, we saw Wayne hueizanga and Leon black, the chairman of blockbuster, in the elevator.

After we said hello, we cooperated with each other.

During the chat, Simon learned that Wayne hueizanga came here for the acquisition of blockbuster some time ago.

After blockbuster's IPO, in order to stimulate the company's share price, it soon announced an acquisition of Errol, a video chain company headquartered in Baltimore.

Originally, an offer of US $40 million had been negotiated for the acquisition.

However, a few days ago, when Nancy Brill checked the financial information of Errol company, she found something wrong and hired the newly established Apollo management team to review the acquisition.

M & a consulting is also the business of Apollo management team. Leon Black's biggest M & a consulting case happens to be the acquisition of MCA by danelis entertainment plan.

Following the modest acquisition, Leon Black's team quickly discovered a hidden debt of more than $8 million owned by Errol.

The purchase price of US $40 million is a little higher than the scale and debt of Errol.

After the exposure of the additional hidden debt, blockbuster immediately stopped promoting the acquisition and resumed negotiations with Errol's management team.

Video chain as a capital intensive industry, although the scale of Errol can't compare with blockbuster, it also relies heavily on loans in the process of expansion. If this acquisition collapse, far from the formation of scale advantage of Errol company is likely to go bankrupt.

Therefore, the final transaction price is expected to be reduced to US $30 million.

Back in Los Angeles, Nancy Brill also talked to Simon about it.

However, Nancy pointed the finger at Wayne hueyzanga. If she had not reviewed the acquisition at the last minute, blockbuster would not have found the problem and eventually suffered additional losses. This is obviously the fault of Wayne hueyzanga, the chairman and CEO.

After blockbuster's IPO, danelis entertainment, whose shares remain at 35%, basically owns the control of the company because the shares of founders such as Wayne hueyzanga are further diluted.

Nancy has long been dissatisfied with Wayne hueizanga's ability. Taking this opportunity, she proposes to choose a CEO for blockbuster again, and divide hueizanga's power into two parts.

”The core operation concept of blockbuster is to continuously improve efficiency and reduce costs while expanding, so as to gain stronger competitiveness in the same industry. You want to find a new CEO, I agree. However, blockbuster just IPO, I do not want internal instability, this point you and Huey zanga communication. In addition, the new CEO can't change his business strategy against blockbuster's business philosophy. ”In danelis studios in Malibu.

Every team of danielis entertainment will be able to move in one after another next month. Simon comes here in the morning to check the decoration effect that has been basically completed. Nancy also comes from Santa Monica.

”I know, of course, that's where I'm not happy with Wayne.” Nancy nodded and said, ”he can't see the next step of blockbuster. Last time, he discussed with me that he wanted to buy a cable TV operator and try the cable TV field. Blockbuster hasn't achieved the best in the video chain. Now it's just a mess to develop cable TV.”

Simon and Nancy walked down the aisle from the administrative district to the next level of office, and said, ”if Denise entertainment is trying to expand into cable TV, do you think it's a good idea?”

”Cable or cable operator?” Nancy asked

Cable TV station and cable TV operator are two concepts. However, because of the Reagan Administration's deregulation of the media a few years ago, many cable TV operators began to set foot in the TV station business, such as Time Warner, which owns Warner Cable Company and HBO, which are responsible for the operation of cable TV.

Getting involved in content and channels at the same time is obviously the best way to avoid being pinched, but it is also easy to distract the management team.

In this respect, Disney and time warner are two typical representatives.

Disney focuses on content and never involves channel operation. ESPN is the most expensive basic cable station in the field of cable TV.

Both CNN and HBO are very successful, but both businesses are acquired. Moreover, although Warner Cable occupies a large market share, it is still far from being able to compete with Comcast and other competitors.

Simon heard Nancy's question and said, ”TV station.”

”That's a good idea,” Nancy nodded. ”But we don't need any extra action. Just take the MCA and we'll have our own cable network.”

Simon heard that Nancy casually pointed out danielis Entertainment's acquisition of MCA. He didn't have much response. He asked, ”why oppose blockbuster's involvement in cable TV, but agree with danielis Entertainment's expansion in this respect?”

Nancy is a little dissatisfied with Simon's school entrance examination. Can I ask such a simple question: ”because the video chain and cable TV business are not complementary at all.”

Strictly speaking, the videotape and cable TV industries are still competing with each other.

Blockbuster's involvement in the cable TV business will not in turn promote the development of the video chain, but will distract the management team of blockbuster.

But it's not a problem for Denise entertainment.