Heads Up Hollywood

Tang En didn't want to have long nights and dreams, he wanted to solve the trouble quickly.

To this end, he specifically postponed the flight to Japan, waiting for Jack Welch.

Tang En was inexperienced, and he was a little caught off guard by executive power struggles like Barry Diller and Robert Iger, but Jack Welch was different, and he would definitely be able to handle it well.

After Jack Welch retired from the position of chairman and CEO of General Electric, he founded his own consulting service company, and Dunn was the first partner.

In the beginning, he was a consultant for Tang En Pictures.

After the establishment of New Global, the two sides deepened their cooperation.

Jack Welch is a shareholder of New Universal, and besides serving as a consultant, he also serves as the chairman of the management committee. Although it is a second-line position, it also has an annual salary of $150,000 per year.

If the company is in trouble, he should come forward to solve it.

"The latest contradiction is actually the fashion industry." Jack Welch listened to Tang En's narration and directly pointed out the core.

Tang En nodded approvingly.

Previously, the two factions also had conflicts.

But at least it's under control.

However, when Tang En stated that he would make efforts to enter the fashion industry and further enrich the downstream ecological chain of the film, it caused a strong reaction from Barry Diller.

The head of the Consumer Products Division was Andrew Mooney, who was Robert Iger's man.

Tang En said: "Barry's behavior that harms the interests of the company is disappointing!"

Jack Welch pondered for a while, "Tang En, how determined are you to enter the fashion industry?"

"Huh?" Tang En raised his eyebrows.

Jack Welch said: "In my opinion, the business of a large company, especially an industry leader like New Global, must be one of the best in the industry. If you can't be the best in the industry, just don't do it .Otherwise, it will only affect the brand value of the company.”

When he was in charge of General Electric, he cut off hundreds of profitable projects of General Electric, because those projects were not the top industries in the industry.

Under this strategy of "No. 1 and No. 2", General Electric completed a magnificent qualitative change and became the world's largest company. He also became the world's No. 1 manager.

After his retirement, GE's life is obviously not easy, and its market value has shrunk by more than 200 billion US dollars.

Tang En said sternly: "The acquisition of Prada is only the first step. Next, New Global will enter the fashion industry in all directions! To do it, we must do our best. I agree with this point of view very much. The future consumer goods business will be It will be comparable to the fashion empire LVMH Group!"

Jack Welch nodded and said: "The winner takes all, it is the highest law of business. If you can really make the plate of the fashion industry as big as the LVMH group, there is absolutely no possibility of losing money. Fashion, in essence, is service Industry, Buffett said, this is an industry with permanent profits that will never disappear."

Hearing these words, Tang En's mood immediately improved a lot, and he said with a smile, "I think so too. To be honest, if the acquisition of Prada goes well, next, I plan to buy Victoria's Secret too." .”

"Well, I heard. I also have some contacts with LB Company. When the time comes... I will take the lead in persuading the two major shareholders. It is not a big problem. The prerequisite is that you need to exchange shares of New Global."

"No problem at all!"

As soon as Tang En's eyes lit up, he felt more at ease.

Sure enough, a family with an old man is like a treasure.

The status of a figure like Jack Welch in the American business circle is really too detached. Any company or any investor must consider his influence.

For example, when Disney wanted to acquire a TV station, it encountered obstacles at various levels.

The first was the acquisition of CBS, which failed.

Another acquisition of NBC, also failed.

Later, Michael Eisner opened up the relationship with Warren Buffett through Michael Ovitz. Then, Buffett only said that "the combination of Disney and ABC is in the long-term interests of both parties", and he easily facilitated the $19 billion merger between Disney and ABC.

However, how to resolve the current internal conflicts in New Global?

Jack Welch said: "Since you are determined to win the layout of the fashion industry, then Barry Diller...is not so important."

"ah?"

Tang En was taken aback.

It's not important anymore, what do you mean?

You can't just fire him, can you?

Tang En didn't care about the 80 million US dollars in compensation for the termination of the contract. The key point was that Barry Diller was still very important to the current New Universal.

In 2006, New Universal went public.

After the company goes public, letting him retire is a grand curtain call.

To dismiss him now would be to kill the donkey.

If it gets out, the reputation is too bad.

Jack Welch saw Tang En's surprise, smiled slightly, waved his hands and said, "I heard you are going on a business trip?"

Tang En said frankly: "Well, let's go to Asia for a while to promote the movie "The Departed Walker" I starred in."

The corner of Jack Welch's mouth twitched, a little broken.

The management conflict is so serious, do you still have the mood to go to Asia to promote the film?

You are... well, you are a film artist!

"Okay, just go if you want to go. I will help you with the company's affairs."

"How to deal with it?"

"be honest."

"be honest?"

Tang En was stunned for a moment, quite puzzled.

Jack Welch said: "Everyone is a smart person. Sometimes, when you play complicated tricks, you fall behind. I will explain your determination to enter the fashion industry to Barry, and then give him an analysis of the current situation. Given the interests of New Global, he must be able to make the best choice."

Tang En was a little dazed, "Is it that simple?"

"Of course it's not that simple!"

Jack Welch snorted, "Robert Iger...I don't know much about that guy, so this time it's a test. Barry Diller won't interfere with the fashion industry, and he won't be allowed to interfere. If Robert Iger can do this job well and really open up the pattern in the fashion circle, then everything is easy to say. If he does not make enough achievements within two years, then after two years, you are still honest Renew Barry and find someone else."

Tang En was naturally full of confidence in Robert Iger, and said firmly: "Bob can do it, I trust him!"

With his strong support, he didn't believe that Robert Iger couldn't even handle such a small matter.

If it really can't be done, then, as Jack Welch said, it is necessary to find another successor.

As for re-signing Barry Diller...don't even think about it!

Never possible!

This time, Tang En was very disappointed.

Disappointed!

It is too much to engage in a power struggle at the expense of the company's interests.

Especially the combination of Barry Diller and Bill McNick, the influence is too great, even Twain can hardly check and balance.

After the company goes public, they will leave the front-line jobs in a glorious manner and retreat to the second-line!

...

The plane flew to Tokyo.

The journey was long, and little Taylor fell asleep lying on the table.

Tang En took her to the bedroom, took off his coat, and gently covered her with the quilt.

Then, he turned back to the work area, asked the stewardess for a cup of coffee, opened the laptop, and wrote a letter:

"New Global will have greater development. Entering the fashion industry is only the first step, and the listing plan is only the beginning. As an employer of a huge company, no matter who it is, it must be subject to all shareholders and be responsible for their interests. .This is not because everyone has different ideas and different management styles, but because of such prerequisites, managers can always be correct, humane, humble, sensitive, shrewd, shrewd, and ethical... The company’s managers, It must conform to moral standards, so that the whole company can see and be convinced. Welch once taught me to act like 'Mrs. Thatcher'. This is advice for all managers. Managers of listed companies are particularly important. In the past two years, New Global has made amazing progress thanks to the efforts of you. However, this is just the beginning. History will remember our generation of strugglers.”

Letters, forwarded to include Barry Diller, Robert Iger, Brandy Norris, Bill McNick, Jeff Zucker, Kevin Turner, Andrew Mooney, Bob Chapek In the hands of every group executive.