Heads Up Hollywood

The reorganization of the New Global Group is relatively large-scale, and I am afraid that it will not be fully reorganized until January 2003.

Now that Barry Diller is on the job, he needs to carry out more detailed reforms and groupings of the group's management structure.

Among them, the most important measure is to implement the committee system!

The committee system means that when major decisions are made, the members of the committee meet together to make decisions, check for omissions and fill in vacancies, and reduce risks.

This is the system created by Barry Diller when he was in charge of Paramount, and it has received amazing results.

In one fell swoop, Paramount was brought back to life.

Under the leadership of Michael Eisner, why can Disney cultivate so many top world-class managers? Even the CEO of eBay.com and the CEO of Hilton Hotels were all under Michael Eisner back then.

It is because Michael Eisner used to be Barry Diller's younger brother, and his management philosophy was learned from Barry Diller.

In other words, the current Disney also implements the committee system!

Such as management committee, compensation committee, project committee, creative committee, dubbing committee and so on.

This kind of committee system has obvious disadvantages: the organization is bloated and inefficient, executives have to be busy with meetings every day, the workload increases, and the administrative level is prone to confusion.

However, there are enough advantages: it can brainstorm and cultivate talents; it can reduce risks and effectively control costs; it can better coordinate the relationship between various departments and is easy to manage.

Barry Diller briefly talked to Dunn, and he directly approved it.

The committee system will be implemented immediately!

For creative enterprises, this committee system is too important.

For example, the technical committee——

Pixar Studios and Sillywood Studios have software technology and belong to the film and television entertainment department; Dolby Laboratories and imax have hardware technology, Blizzard and Netflix also have software technology and belong to the interactive entertainment department; STA TV Network and USA Television Network also have related technical support.

How to coordinate these technologies effectively is very difficult.

However, select some people from these companies, set up a technical committee, and negotiate together during technical planning, so that the problem can be solved perfectly.

In other words, replace the chief technology officer with a technical committee.

After all, the technologies under the New Universal Group, including computer software, audio channels, TV channels, imax and many other aspects, it is difficult to have a technical function that can take it all.

This kind of brainstorming technical committee is very necessary.

Another example is the creative committee.

There are too many creative departments under New Universal, not only film and television, but also comics, music, studio design, game design, publishing design, etc., all need creativity. Through a creative committee, the creative talents of various departments can be concentrated to solve cross-departmental coordination and cooperation.

After Barry Diller took office, the first policy he implemented was the committee system, and Dunn had no reason to reject it.

Barry Diller also acted resolutely, and directly launched eight committees in one go-management committee, strategy committee, creative committee, compensation committee, investment committee, technical committee, film project committee, and audit committee.

Jack Welch, as a shareholder of New Universal, served as the chairman of the management committee. This position is mainly for the advice and supervision of the management method. Three days of fishing and two days of fishing are enough, and it will not affect his retirement life.

Barry Diller also served as the chairman of the creative committee. He has already delivered a speech internally, and wants to make the New Universal Group the most creative company in the world!

...

After Barry Diller and Jeff Zucker arrived, Tang En's work pressure eased.

He is both relaxed and guilty.

The easy thing is that he doesn't have to worry about everything anymore, he can push more work to them, and he has even stated that, in addition to investing more than 100 million US dollars in TV series and movies, he needs to approve the project, other film and television projects, He will no longer be involved. As for the management of interactive entertainment, TV media and other departments, he will not be involved.

Unfortunately, Barry Diller and Jeff Zucker's work attitudes are far behind Twain's.

Barry Diller never went to work later than 7:00 a.m. every day. What's even more frightening is that Tang En often still receives his work emails after one o'clock in the morning.

Jeff Zucker is similar. When he was working at NBC, he was a well-known workaholic. He only slept for more than 4 hours a day, and he also had meetings with his subordinates during meals. It's hard to imagine that this is a cancer patient.

Fortunately, his assistant Tosca Musk said to him: "It's better this way, your work is easier, and they are happy for you to delegate power."

Tang En was very happy when he heard this.

Tosca Musk said again: "By the way, my brother has something to ask you."

"Elon Musk? What's up?"

"It seems to be the company's business."

Tang En nodded. He is the major shareholder of PayPal, owning 55% of the shares. He has never been involved in the management of the company, and now that Elon Musk is looking for him, something must have happened.

"Could it be that he wants PayPal to go public?"

Tang En couldn't help but have such a thought in his mind.

In the previous life, PayPal went public in May of this year.

However, in this life, because of Tang En's investment and his support for the young Elon Musk management company, PayPal has sufficient funds and has not been listed.

At present, paypal is already the world's largest online payment platform, and it has long been profitable.

Dunn called Elon Musk and asked what was going on.

As a result, he got a shocking answer - Elon Musk wants to sell paypal!

Tang En didn't hesitate at the moment, called his assistant Tosca and secretary Ella, and flew straight to Silicon Valley that day.

...

"What? You said that eBay is going to acquire PayPal?" Tang En sat in Elon Musk's office with a strange expression on his face.

Elon Musk said: "Yes, Ms. Whitman is very sincere, and he made a price that I simply can't refuse."

The Ms. Whitman he mentioned is the current eBay CEO Meg Whitman, who was the senior vice president of Disney at the time. After failing to compete for the position of president, she left in anger.

Tang En glanced at him, "How much?"

"The price she offered reached 1.2 billion U.S. dollars!" Elon Musk's eyes were bright and radiant, "You know, our annual profit will not exceed 20 million U.S. dollars, which is already a sky-high price. "

According to the current merger and acquisition price of companies in the US market, on average, it is 8.7 times the operating profit of the acquired company in that year.

In other words, normally speaking, eBay's asking price of 170 million US dollars is enough.

The asking price of 1.2 billion US dollars is indeed full of sincerity!

Before Tang En could speak, Tosca Musk frowned and said, "Brother, this is different. PayPal is an Internet company and cannot be calculated using the price-to-earnings ratio of traditional companies. PayPal can generate profits during this time period, which means that This company has a very bright future prospect!"

Elon Musk pondered for a while, "US$1.2 billion is only the first asking price, and there is still a lot of room for negotiation. Ebay is currently the world's largest e-commerce website, with branches in more than 40 countries around the world. , This combination of e-commerce and online payment is more in line with the long-term interests of the two companies."

Tang En smiled and shook his head again, "Eron, tell the truth, are you short of money? From my understanding of you, PayPal has finally become the largest online payment platform in the world under your management. You even started to make a profit, but you, the founder, want to quit, which is puzzling.”

Elon Musk was a little embarrassed, with an embarrassing face.

Tosca Musk raised his eyebrows, his face was very strange, "Brother, you don't really want to realize your dream, do you?"

"Huh?" Tang En was drinking coffee when he suddenly paused, "Dream?"

Tosca Musk hesitated for a moment, and seeing that his brother didn't respond, he said bluntly, "He wants to die on Mars!"

"puff!"

Tang En spat it out in one gulp.

Elon Musk blushed, "I believe, I can do it! In June, I registered with Space Exploration Technology Corporation (SpaceX), and I have already started the first step to Mars!"

Tosca Musk was too shocked to speak.

Tang En was also slightly dazed, and after a while, he swallowed his saliva, "Elon, you mean...you want to devote more experience to SpaceX instead of PayPal?"

Elon Musk nodded without hesitation, "Yes, I'm going to Mars!"

Tosca Musk slapped his forehead, dumbfounded.

This brother, since she can remember, has been fantasizing about his dream of Mars. When he grows up and starts a company to make money, he really wants to put it into practice.

What a madman!

Unexpectedly, another lunatic appeared.

Tang En slapped his thigh and said excitedly: "Okay! Go to Mars, I support you!"

"ah?"

The two Musk brothers and sisters exclaimed in unison.

"Boss, you... aren't you?" Tosca Musk was stunned.

Elon Musk was even more unbelievable, "Twain, you... are you serious?"

Tang En narrowed his eyes and said lightly: "There is a kind of person who is a lunatic in the eyes of others, but a genius in my eyes. In my opinion, only those who are crazy enough to think that they can change the world can truly change the world. ! From this point of view..." As he spoke, he pointed to Elon Musk, then pointed to his chest, and ticked the corner of his mouth, "We are the same kind!"

Elon Musk's face flushed with excitement, and tears were about to flow out.

There is a feeling of fate-like confidant.

Although he is in Silicon Valley, his "idea" of exploring space and going to Mars has received countless cold looks and ridicule. SpaceX has been established for more than 3 months, and he has not received a penny of investment.

For his dream, he had to raise money and invest by himself.

But I didn't expect that Dunn Walker from Hollywood would agree with it in a high-profile manner, which was rejected by Silicon Valley!

What kind of social mission is this?

"Twain, so you agreed to sell PayPal to eBay?" Elon Musk was so excited that he was almost out of breath.

"No!"

Tang En shook his finger, very resolutely.

Elon Musk, almost vomited blood!

Brother, will you play with me?