Going Into the World!

"Oh. John, how have you been?"

Turner, who found me when I walked into the conference room, suddenly got up and approached me with a ferocious hug. But for me, it's not a hug, it's a scrunch.

"Ah, yes. Everything all right?

After hugging Grandpa Turner for a while, I routinely asked him how he was.

"Haha. It's always me. You work out every day. Look at this."

Turner stretches his left hand to his waist in an exaggerated gesture and boasts his egg half-circle, as the bodybuilder boasts his muscles. But you can't see the muscles with the suit on. I was just gesturing.

'Phew. Turner made it into the 60s this year, but he's still overpowered.'

I felt so young to live with that flowing energy inside me. When you look at it together, you have to think a lot before you feel like you're in your 30s.

I would believe a teenager if I had that temperament. Hehe. The good word is "hot-blooded," but if I turn it upside down, I'll say "stage cannon."

The directors who were sitting around were all puzzled to see Mr Turner greeting me with a pair of hands.

I've only been on the board once as a majority shareholder, and I've sold out my shares since then, so I don't have a week. I was elected back to the board anyway.

But to tell you why I was re-elected to the board, it's not funny even if I think about it.

Last year, he decided to give AOL 25 percent of Myway's shares for $5 billion. Immediately after the contract, three billion dollars were received in cash and the remaining two billion dollars were to be received in the shares of a merged company.

To be precise, they received AOL shares, but there were provisions that could only be sold if they were converted to shares of a merged company. So it was March of last year, but this January the merger had to be officially licensed by the government and held until AOL Time Warner's stock became a trade.

AOL and Times Warner's stocks began to rise steeply around the time the government's licensing was announced. However, after the new company was officially launched, he said "sparkle" for 1-2 weeks, but it immediately started to fall.

'Buy from the rumors and sell them on the news.' I don't know who said that, but I think that's exactly right.

I wasn't following the course of such an investment, but I had a hunch that I wouldn't be a Twin-Headed Ogre with two completely different heads, so I cleaned it up a bit.

When I first got my stock, I didn't get it cheap because it was before the bubble burst, so I sold it, and I only got $1.8 billion. It's a bit of a loss.

It hurt a little, but it wasn't a lot of money, so I was really good at robbing. The current stock price is not even half the price at the time. If 200 million dollars had been lost so far, it would have been 800 million dollars, almost cost one billion dollars in eight months.

Then where is this money? I used most of it to buy my shares in Maiway.

Today, Internet companies have left big and small, and almost all of them have fallen from half price to half price. It's no big company, no exceptions, not even Microsoft, so there's nothing more to say.

Of course, the market value of a typical Internet company, Myway, is estimated to have fallen by less than half, and AOL Time Warner was in need of cash more than it was in the middle of a power struggle between two heads, Levin CEO and Case Chairman, so I wanted to buy back my shares of Myway, and things were moving quickly.

Levin, the CEO of a merged company, realized that he had been misusing AOL's Internet users to expand Time Warner's business, so he didn't hesitate to regain his shares in Myway. From Levin's point of view, even after AOL's Internet bubble collapse, the smaller Myway didn't seem special.

Levin, who was the CEO of Times Warner, did not mind the cheap sale of the shares AOL had bought for 5 billion. Case, who used to be the CEO of AOL, has now come and not been obsessed with the original purchase price, so he was able to bring his shares to 1.5 billion dollars in a number of negotiations.

Sold 25 percent of the shares for 5 billion dollars, then returned 1.5 billion dollars equally, resulting in a profit of 3.3 billion dollars in a year and a half.

People seem to think of me as a man without recession, growing not only in the Internet, but also Polygram and Johnstone Living, and succeeding at Johnstone Electronics and Navigation.

However, if he had known that Myway and Google had helped him succeed, he would not have sold it so cheaply, but he would not have been able to make too much demands because there is no place for Internet companies nowadays.

If I had known that there were so many places to use Myway to 'target marketing' or 'wind', I would have called for more money, but I couldn't have known when I woke up dead.

My bargaining chip for $5 billion!,

The courage, determination, to dispose of stock at $1.8 billion, which is less than the first two billion dollars!

Insights, Hye 'an, to keep track of the company's future while just looking at top management and organization!

In short, my ability to sell for $5 billion and then buy back for $1.5 billion was rumored to be re-elected to the board.

I didn't want to be a member of the board, but I accepted it because it seemed like a big media company.

Besides, Turner wanted to hang out with me, so I decided to listen to him. Khh.

"This is Chairman John Kim, you know that, right?"

"Nice to meet you."

"Haha. You know John, right? Yeah, it'd be great for you to get along."

"John, this is Jim Born. He's the vice president of Chevron. I'm greasy. Haha!"

"Nice to meet you."

I was introduced to people I didn't know because I didn't attend last time. Turner stirs up his house sheep, but when he looks around, everyone takes it for granted.

According to people's reactions, Mr. Turner is so famous for his poison and his blood work, everyone seems to have been overwhelmed by his charisma.

But when you go out into society, you're all a bit of a handful, but for Turner, it's a little bit more Millina.

Introduced, greeted, briefly talked about the business or area of interest, and the person who last said hello came in and pretended to know him or her and got distracted.

On the other hand, Turner is leaning back on his chair and talking in a very comfortable position like he is sitting on his couch.

Meanwhile, one side gets cluttered, and Levin, the CEO, brings people in behind him. The board members are quietly waiting for their next turn.

What is unusual is that Mr. Pittman, from AOL, sits to the right of Mr. Levin. I think I've made my peace with the former chairman of the AOL, Case.

Next to him is Mr. Parsons. Mr. Parsons was known as Levin's right-hand man, but as Mr. Pittman moves over from the AOL, he struggles with each other inside.

Rumor has it that Mr. Pittman is going to be the next CEO. Of course, Mr. Case won't back off so easily.

Case comes in a little later. After the collapse of the AOL's business, Case was devastated and exhausted. If not, he resigned as CEO from the merger because of his younger age than Mr. Levin, and also seems to be pushed to the power game.

The shareholders of a merged company still have a lot of reasons to say that AOL is depreciating their stock prices, but they are not able to use their power on the other side of Pittman's side. However, there is a saying that even if it rots, it is still the same. I brought a few next to him.

"Here. Let the meeting begin. Pay attention."

CEO Levin announces the start of the board to society. Originally, Time Warner and AOL each had 15 board members.

Often, however, there are fewer than 20 board members. Of course, we can do that, but if so many experts gather when deciding on management advice or direction, we are concerned about going to the mountains.

During the merger, the two companies reduced the number of board members to 22, which also had to fight behind the scenes in order to push each other a lot.

Wherever people gather, there will be a duchess. When pushed by the board, the CEO, Chairman, or Necklace, will be forced to wear chi and push their side. I don't have to worry about it because it's all mine. Heh heh.

With dozens of Times Warner companies and dozens of Americas online, there's really too much to go on. Moreover, 22 board members, one minute alone, is 22 minutes.

I was listening to how things were going as a participant, not as a chairman of the meeting. I was listening to the stories that I couldn't hear outside.

"Why is Warner music so loud? We're not gonna screw up, are we?"

I was finishing up an interesting story about Warner Brothers Film Company, and Turner suddenly brings Warner music to the table.

Turner is the one who said the first thing I said that was unusual. Normal people say, 'There is a disruption to business.' Even the words came out of Turner's mouth and changed to 'I'm screwed.'

"I heard that Hunting Dog Spitz has decided to investigate this time. I think I got it wrong, maybe somebody got bit pretty bad."

"Come on, not one or two people got screwed by Spitz."

"How much is Warner's music worth this time?"

"I think I lost $70 million last year, but I think it would have been bigger if it had been bigger. It wouldn't have been less..."

"How much have you accumulated so far? I don't think the Internet is working on music anymore. Sony and EMI are in a commotion, but maybe we should clean it up!"

People are affected by the atmosphere. Turner says, "Damn it! 'Just as powerful words stir up a calm lake, everyone points out the problems of Warner music, but it is worth thinking that if people who do not know it well will really soon perish.

Levin, who presided over the meeting, was embarrassed by the sound of a dozen directors talking. As far as I know, Mr. Levin's man is in Warner music, so I don't want to chew any more.

The board of directors gathered here have many controversial figures, even as they prove to be the board of the world's best internet media group.

People are like Harvard Business Administration professors, VP Chevron, and president of a well-known consulting firm, and the chairman, as usual, cannot silence them unilaterally.

Since Warner Music is a hot topic now, everyone gets to say a few words, soon it will become loud like a marketplace, and Turner sometimes spices and laughs with jokes.

I observe Mr. Levin very closely, and I see Mr. Turner chewing on his face, laughing loudly. I try to control my facial expressions because I'm experienced, but it's not easy.

I suddenly remembered a vague smile on my mouth as I glanced at Case. Huh.There's one friend here.

"Gerald! How many Werner musical deficits do you think we have this year?"

Turner sits in the middle on the long side of the meeting table and looks at Mr. Levin and asks questions. But there's a little distance, so I ask very loudly.

This time, Levin's impression of hearing it is crumpled properly. Turner wouldn't like to be asked that.

"Khh-hmm. The music industry is having a hard time sharing music on the Internet. We'll see about next year because Napster, who's the culprit of the problem, is shutting down the service."

From Mr. Levin's story, "You're an expert! 'Iran amazes me. Since Warner Music has turned the problem into an entire record industry problem, it is unlikely that Napster will close the door and things will get better, but it avoids the core with plausible logic.

As I looked around, some of the noisy people nodded, but it seemed to be persuasive in their own way.

"Universal music is expected to make more than a billion dollars in operating earnings this year. A friend of mine asked me if he was there, and he said the pay is good. Gerald, did you hear that?"

Turner blurts out Mr. Levin's excuses and asks again.

"A billion dollars? Ho-oh. Amazing."

"Is Universal really that talented?"

"How has universal gained so much for sharing music?"

Turner just spit in Levin's face. '

I deliberately thought seriously to resist the laughter coming out of my heart. Mr. Levin has been strangely avoided, as if he had skipped the first question, but the second shot was a blunder. The board members are chatting in harmony, but they don't know what to do. The creases on his forehead and forehead represent a feeling that something is not working out.

"Universal profits of a billion dollars, but we might lose almost a billion dollars. What are you gonna do? We need something fundamental."

Levin just gives an impression and can't answer quickly. In fact, even if I were Mr. Levin, I wouldn't think of any excuses.

"The next-door neighbor is number one, but why are you the loser? If you ask me, I have to ask you the answer. That's what Levin looks like.

Artwork Reviews

Mr. Turner is a violent, overzealous shooter. The writer smiling, looking for information about Turner instead of writing because he's interesting. This is not the time.

We'll talk about it later, but this is a scene that one of the board members made a little bit of an exaggeration based on what he said about the atmosphere of the conference room at the time in the interview.

Mr. Turner, besides telling Murdock what he officially said, "Son of a bitch," "let's kick some ass," there's a lot of bad shit in the audience.