Crazy!
The entire entertainment industry was in a frenzy over 3D movies.
The Fantasy Special Effects Company was even crazier. With just these orders, they earned more than 60 billion USD in profit. At the same time, their market value increased by four times from 30 billion USD to 240 billion USD. Even the other companies had a significant increase in value.
As a result, Xiao Yunhai became the world's richest man with 632 billion USD in assets.
As soon as the news spread, Xiao Yunhai's fans were excited.
"Haha, Yun Huang is the world's richest man. That's great."
"The world's richest man at the age of 25. God, this world is crazy."
"Yun Huang is not only a star in the entertainment circle, but also a star in the business circle."
"Among the top 20 richest people in the world, Yun Huang stands out because the youngest one is ten years older than Yun Huang."
In the Steyr Networks headquarters conference room, more than a dozen shareholders sat there to prepare for a board meeting to discuss Hanks's problem.
When the last shareholder arrived, David Steyr, who was sitting in the CEO's seat, said, "Okay, since everyone is here, let's start the meeting."
In fact, David Steyr did not want to hold the board meeting, but he had no choice. The six shareholders had collectively impeached Hanks. Although David Steyr did not have more than half of the shares, he could have refused. However, his prestige on the board of directors would be greatly reduced.
An unjust person who could not listen to the opinions of other shareholders was very dangerous for a CEO.
Williams Ash, the second largest shareholder of Steyr Networks, took a sip of coffee and said with a smile, "Mr. Steyr, everyone already knows about today's topic. I don't think Hanks's problem needs to be discussed at all. Paramount can no longer be controlled by him. "
"That's right. Ever since Hanks became the CEO of Paramount, whether it was the acquisition of MGM Grand or the bet with Xiao, he lost badly. Not only did he not make any money, but he also lost tens of billions of USD. If we allow him to continue, I'm afraid our Steyr Networks will be destroyed. "Another shareholder, Chanin Tatum, nodded.
Hearing their statements, David Steer frowned slightly as a trace of helplessness flashed across his eyes.
Both of them were major shareholders of Steyr Networks, controlling 26% of the company's shares. They had been eyeing his position as CEO for a long time.
Although Steyr Networks was established by David Steyr, due to a lack of funds in the early stages, he had sought out many investment companies to raise funds. Although he later took back a lot of it, it was still not enough for him to monopolize the power.
Steyr Networks had a total of 13 shareholders, and David Steyr only held 34% of the shares, which was less than the combined shares of Williams Ash and Chanin Tatum.
If it weren't for the help of his buddies who had worked hard with him in the early stages, it would have been hard to say if he would have been able to sit in the position of CEO.
Hanks must be dealt with severely, or else it would not be enough to convince the public. David Steyr was very clear about this.
Therefore, he did not make any excuses for Hanks, and said straightforwardly, "Then remove him from his position."
Williams Ash narrowed his eyes and said, "Remove him from his position? That's quite simple, but what about the money we lost? Mr. Steyr, shouldn't you compensate all of our shareholders? After all, whether it was the acquisition of MGM Grand or the bet with Mr. Xiao, they were all done by your direct order. Shouldn't you also give us an explanation? "
"That's right. Hanks's mistake was too stupid. Especially that 20 billion USD bet of the century, I'm now suspecting whether he worked with Mr. Xiao to scam us. "
The other shareholders also expressed their opinions, and their intentions were the same. It was as if they were trying to force him to abdicate.
David Steyr had obviously thought about this problem, and said, "I will be responsible for the loss of 20 billion USD. But the acquisition of MGM Grand has nothing to do with me. Because this plan was approved by everyone at the beginning. You can't push all the responsibility to me just because it didn't happen. "
Williams Ash smiled and said, "Of course not. Well, as long as Mr. Steyr returns the 20 billion USD to the company, this matter will be over. Now, what we need to discuss is who will take the position of Paramount CEO. I suggest that Mr. Tatum take the position himself, what does everyone think? "
Channing Tatum laughed and said, "Thank you, Mr. Ash, for your trust in me. I feel that I should be fully qualified for this position. "
At least four of the other nine shareholders expressed their agreement.
David Steyr's heart thumped, knowing that these people had obviously communicated in secret and came prepared.
The position of Paramount CEO was too important, and David Steyr was absolutely unwilling to hand it over, but Hanks did not give him any face and put him in such an awkward position.
The other shareholders who stood with him did not know what to say. After all, they were all in the same company. They would see each other all the time. Since Chanin Tatum had said so, it would be unreasonable for them to go against it.
Moreover, they were very dissatisfied with David Steyr's connivance in dealing with Hanks's problem, so none of them spoke up to help him.
No one thought that David Steyr, who was extremely tough on the outside, would be forced to this point by the board of directors.
David Steyr suddenly realized that he seemed to have lost his momentum, and had to suppress this extremely annoying feeling. He said, "Since Mr. Tatum is willing to be the CEO of Paramount, and no one is against it, then it's settled. Mr. Tatum, what are you going to do after taking the position? "
Channing Tatum said proudly, "First, I will ease the tense relationship with Kungfu Xiao. Hanks's biggest mistake was to go against Kungfu Xiao. Magic City's strength and Dreamscape's technology are the best in the world. If we offend him, we will be in big trouble. Especially now that 3D special effects are popular in the world, almost all the theaters have gone to Dreamscape to discuss the transformation of 3D screens. If our Paramount does not have a 3D screen, we will definitely be in a very disadvantageous position in the upcoming competition. "
Williams Ash nodded and said, "That's right. But the biggest problem now is how to get Xiao to agree to our request. Last time, the matter with the American Ministry of Health made Xiao extremely angry. He said that without ten times the market price, he would never let the 3D screen enter our Paramount Cinemas. From what I know, this person has always been a man of his word. For a promise, he did not hesitate to give up billions of dollars, let alone this matter. Sigh, Hanks has left us with a huge problem. "
Channing Tatum said angrily, "Hanks should not have asked the American Ministry of Health to do such a shameless thing. It's simply stupid. Hmph, if the two movies were in a fair competition, even if Xiao lost, he would not have given such an order. "
In fact, both of them knew that the matter with the Ministry of Health was done by David Steyr. They were just saying that to make him feel uncomfortable.
David Steyr did not seem to hear their words. He did not even bat an eyelid as he said, "Since Mr. Tatum wants to take charge of Paramount, I believe that you will be able to solve Xiao's problem. Alright, the meeting will end here. Mr. Tatum, our board of directors awaits your good news. "
With that, David Steyr left the meeting room.
Williams Ash and Channing Tatum looked at each other and smiled. They had finally won a big battle today.
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