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Feeling that the richest man was taking care of his feelings, Gerald Levine suddenly felt "spiritual". This also implies that the other party's intervention in the distribution of power has ended here.

After thinking about it carefully, Gerald Levin could understand why Tang Huan, who proposed to set up a joint chief operating officer, supported the American Online party and exclusively occupied the chief financial officer of the new company after the merger - who made people rich?

As for Steve Case's chairman of the board, he was not able to be identified as the non-executive chairman on the spot. He was temporarily shelved in order to speed up the negotiation process in a different place - after all, he is the official CEO and has the rightful management rights of the new company.

It has to be said that Gerald Levine's mentality is so subtle - in order to get rid of the "shadow" of Steve Ross who promoted him, his pursuit of making achievements was almost paranoid, so that after Time Warner Turner made several concessions to American Online, he could still comfort himself secretly.

Seeing that Gerald Levine's expression was as usual, Tang Huan gave Steve Case and Robert Pittman a look, and the former also looked at the latter.

In fact, the determination of the board chairman, CEO, co-COO and CFO of the merged new company only divides the power structure in the conventional sense. And when Gerald Levine stares at whether Steve Case's chairman is executable, the role of Robert Pittman, the joint chief operating officer, will be reflected.

You should know that the reason why Gerald Levin actively promoted the marriage between Time Warner Turner and American Online is to embrace the Internet and welcome the digital revolution.

But in order to achieve this goal, management must have the qualities of keeping up with the times, being quick to respond, strong adaptability, etc. Fortunately, the concept is closer to the Internet and digitalization.

In this way, Richard Parsons, who also serves as co-COO, and most senior executives of Time Warner Turner, have no advantage when facing the competition of their younger counterparts on AOL - this is also the next step that is intended in the power seizure plan.

Take Robert Pittman specifically. Although he and Richard Parsons from Time Warner Turner are both co-COOs, the scope of the two supervisors cannot be the same - their goal is to manage the most important parts of the merged new company, including AOL, Time Magazine, Turner Broadcast, HBO, etc., and to check 80% of the company's cash flow.

In other words, when Gerald Levine took it for granted that the biggest challenger to his power was Steve Case, Robert Pittman, who was covered up, would be supported as the truly desirable "CEO".

After a while, seeing that the scheduled agenda was almost finalized, the richest man looked at Gerald Levine and Steve Case and spoke again: "It's time for two of you to gather your senior managers, lawyers, and investment consultants to do more specific things - try to prepare all the required materials within half a month."

The stalemate that had been for a long time was finally broken, which made Gerald Levine and Steve Keys breathe a sigh of relief - both of them agreed happily immediately.

Tang Huan's fingers knocked on the huge mahogany conference table and said in a deep voice: "I would like to remind you that it is not a secret for reporters to develop whistleblowers in various companies - so, let your people control their mouths and never miss any news before the board of directors' final vote; otherwise, you should be able to imagine the severity of the negative impact."

Gerald Levine glanced at Steve Keys with a determined expression and couldn't help but feel sank in her heart.

Gain, he could guess that with Steve Case's control over A.S. Online, there would be no problem; but Time Warner Turner is not sure. People in charge, including Time Magazine, Warner Production, Turner Broadcasting, and even HBO, have become disinterested in the corporate politics of intrigue and none of them, and even CEO is no exception.

After evaluating his "isolated index", Gerald Levin decided to take a ruthless move, that is, "kidnapping", that is, to close the approximately 50 managers, bankers, lawyers, and accountants of Time Warner Turner to the 48th and 49th floors of the New York office of Crevers Sway Moore on Eighth Street, which in turn made the staff of Crevers Sway Moore, have to work 24 hours a day in order to serve this force.

Details are also prevented from getting out of reach - for example, in order to avoid leaking information, the secretaries who print files use codes to call American Online and Time Warner Turner: "black 'color'" represents the former, and "blue 'color'" represents the latter.

What are you doing if you mobilize so many people?

The first is the huge writing workload - not only does it require the most important merger and acquisition agreement, but also draft all relevant documents, such as: employment contracts, merger and acquisition termination agreements, interruption fees, ‘transfer’ procedures, accounting methods, pension plans, press conferences, asset structures, charts, valuations, ‘transfer’ procedures… and so on.

If the official documents cannot be expressed in detail, these contents will be placed in the attachment or even the attachment.

Among them, the task of investment bankers is a little special - they have to make the so-called "fair opinion", that is, a written document, to assure respected board members that the conditions for mergers and acquisitions are fair to shareholders.

Conversely, if "fair opinion" is not based on logic, that is, if the M&A financial budget of AOL and Time Warner Turner is not based on real evidence, then shareholders have the right to appeal.

How dark is it?

Steve Case, who has fully felt the bonus of "uprooting 'legs' and 'hair' that is thicker than others' waists" brought by the Internet in the past two years, called Tang Huan with uncertainty and complained: "Terri Kavaye of Solo's 'men' brothers company, come to me to discuss the cost - guess how much does he ask for?"

The richest man, who was buried in the pile of documents like others, asked casually: "Ten millions of dollars?"

"60 million US dollars!" Steve Case said angrily: "No need to ask more questions. If you agree, Morgan Stanley will definitely pay this amount."

"Give him $50 million." Tang Huan 'rubbed' his eyebrows and explained patiently: "They are indeed worth the price."

This is true - Solomon Brothers and Morgan Stanley, hired for $100 million, did what they were within their scope, that is, using the precise and scientific word "fair opinion" to make the merger and acquisition of AOL and Time Warner Turner literally seem completely reasonable. It was a sober decision made after careful consideration, and naturally it was also beneficial to shareholders.

Take Morgan Stanley for example, it found a very convincing evidence that AOL is willing to pay a 71% increase in Time Warner Turner's shares; and in the past 12 months, Time Warner Turner's share price has only increased by 6 percentage points - how can it be unfair to holders of Time Warner Turner's "weak stocks"?

This is the "fair opinion" bought from Wall Street for $100 million.

...

After finishing such tedious matters day and night, the board of directors' voting, which is the last step of the merger and acquisition, begins immediately.

It is no surprise that the variables on Time Warner Turner are the biggest!

For this reason, Gerald Levine often calculates with his fingers - anyone on his side of the Time Warner Turner board, composed of more than 10 directors.

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The following is the anti-d part, updated tomorrow, and ignore it directly.

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Chapter 1022 Command my younger brother to seize power (Part 1)

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I have to say that digital games are not exclusive patents - whether they play or not depends on whether they are driven by interests.

What Gerald Levine said is "in the interests of everyone" is nothing more than that - after AOL, which has a market value of nearly $160 billion, has occupied 55% of the shares of Time Warner Turner in AOL, which is equivalent to making the new group worth more than $300 billion.

There are so many tricks about "confusing" the public.

From another aspect, the market value of AOL is almost twice that of Time Warner Turner, but it only occupies 55% of Time Warner Turner's shares - this phenomenon itself shows that although Gerald Levin is eager to enter the digital media field through AOL, his value towards AOL is not as blindly optimistic as it seems.

Of course, the richest man will not be careless - it is enough to be sure of this principle. As for the resources saved, they are used to compete for more important new company positions.

"Then..." Tang Huan waved: "Let's take advantage of the victory to determine the management structure of the new company."

When he mentioned the issue of power distribution that had been quarreling before, Gerald Levin, who was originally quite kind, immediately showed his cunning 'color' and suggested: "Since America Online occupies 55% of the new company's shares, Steve should be the non-executive chairman, and I will serve as the CEO."

Steve Keys immediately objected: "I am very willing to serve as the chairman of the board of directors of the new company, but I cannot accept the false position assigned to only undertake honorary work."

Gerald Levin advised earnestly: "It can be expected that the integration of resources of the new company will be an extremely complex process - if you lack experience in the traditional media field, you should not waste your brain cells."

Steve Case said dissatisfiedly: "Didn't you mean that I'm young and have little experience - but don't forget who brought it up by American Online, which ranks tenth in market value now."

...

Looking at the scene in front of him, Tang Huan couldn't help but raise his eyebrows - he still argued so unintentionally, and even the troubles may not be a result until the year of the Monkey and Horse Month!

So the richest man coughed lightly and said, "The position of the chairman and CEO of the board of directors is decided like this; as for Steve's type of chairman of the board of directors, whether it is executive or non-executive, it is better to put it aside for the time being and discuss other things first - for example, I suggest that a joint chief operating officer position be established under the CEO to better promote the merger of this largest media group in the future."

"It's good to determine what is easy to solve first!" Gerald Levine, who was good at following the flow, turned his eyes to Richard Parsons beside him. "For Time Warner Turner, please recommend Richard."

Richard Parsons was introduced to former Time Warner CEO Steve Ross through Rockefeller's third-generation Lawrence Rockefeller, and only entered Time Warner in the early 1990s, which is quite a good match.

Although black people on TV news often confront the police, they seem very fierce; black people in Hollywood movies often chatter endlessly, as if they were just a mom, but the black "elite" who can enter the executive circle are still quite gentle and steady.

Tang Huan had such a human experience - such as Pacific Telecom CEO Chuck Smith, political consultant Condolza Rice, etc.

Looking at the humble and low-key Richard Parsons, the richest man nodded slightly without objection.

Steve Case said: "A. Online recommends Robert as co-CEO."

Gerald Levin looked at Robert Pittman and couldn't find a reason to object. After all, the other party is now the CEO of AOL and is doing very well. He wouldn't be able to "get" even a presidential position in the new group.

The richest man continued to move forward the agenda, "Next, let's talk about the candidate for the Chief Financial Officer."

Gerald Levine quickly responded: "I think the form of joint positions is very good..."

"No!" Tang Huan raised his hand and interrupted the other party: "The position of joint chief operating officer is established because it is completely foreseeable that the new group in the future will have an extremely busy peak period in the operation of integration, and the joint chief operating officer can reduce the burden on the CEO; as for the more professional and more 'energy' financial management field, there is no such need."

Speaking of this, the richest man looked directly at Gerald Levine, "After all, A. Online and Time Warner Turner are mergers, not divisions, right?"

"Okay." Gerald Levin looked away and looked at Time Warner Turner's chief financial officer, Zi Ripp, who was about to recommend him, but was interrupted by Steve Case.

"At present, AOL has hoarded $3 billion in inventory in terms of Internet advertising revenue alone; in terms of cash flow, AOL is far better than Time Warner Turner."

Steve Case waved his hand and said in a stressful tone: "I think it is best for Michael Kelly, the chief financial officer of AOL, to be the chief financial officer of the new group!"

Gerald Levin looked at the 'color' on Steve Case's face, which exuded the meaning of "I have much more cash in my hand than you, so we will naturally have to take charge of the financial management of the new group." His lips moved, but he was speechless.
Chapter completed!