Hollywood legendary director

In early June 2007.

The U.S. Department of Commerce issued an announcement stating that the number of new housing starts in the U.S. fell 2.5% last month, the largest drop in the past two years.

At the same time, the National Association of Realtors announced that the residential index fell to 32 points, the lowest level in two years.

According to statistics, the contraction of the real estate market will result in a 0.7% decrease in GDP in the second quarter of 2007 and a 1.2% decrease in GDP in the second half of the year.With the cold current in the property market, the construction, cement, and steel industries related to real estate have also begun to be hit.

Is the economy cooling down? There are other reasons, including the impact of the Fed's raising the threshold for bank loans.

But no matter how many factors are causing it, the economic cooling itself is also a natural process of the economic cycle. Now it and the property market share suddenly shrink to form a closed feedback loop of mutual advancement.

At the same time, the US unemployment rate rose from 4.5% in April to 4.8% in June, the highest level in the previous six months.

In this regard, Edward Lazier, Chairman of the White House Council of Economic Advisers, said that the downward adjustment of economic growth expectations is mainly due to the cooling of the US real estate market, and the cooling rate exceeds most people’s expectations. However, he also emphasized that although the US economy has withstood The impact of the cooling of the housing market, but it is still operating steadily.

In fact, he is too optimistic.

The consequences of the real estate bubble alone are not so serious. After all, it is just a market problem.However, on the basis of the real estate bubble, it would be more embarrassing to encounter the subprime mortgage bubble that was caused by Wall Street's show operations.

Unfortunately, the current subprime mortgage bubble is already huge, and it continues to flow to the world through financial products.

In terms of the size of subprime mortgages at this time, the stock of subprime mortgages in the United States is about US$1.5 trillion, and this is still the total amount, not a direct loss.Even if 30% rot, it is only more than 400 billion.

This amount is very small compared to the US GDP of 13 trillion and the debt market of 25 trillion.

In the US Federal Deposit Insurance System, the scale of this loss only accounts for 3.6% of the total assets of financial institutions, which is quite limited, and is fully within the range of the US Federal Deposit Insurance's ability to respond.

But as soon as the housing market went wrong, the chain reaction caused both bubbles to surge.

Because those people who used to borrow money to speculate in real estate have no funds to repay their loans, this has brought a lot of bad debts to many banks.

The crisis is still hidden.

It is in this case that Marvel is about to change hands.

After Cannes, Lehman returned to Los Angeles.

After half a month of wooing and differentiation, the net can finally be closed.

The main reason is that Avi-Allard and others have been persecuted.

Banks demand debts, small and medium shareholders only want to cash out, management and controlling parties cannot coordinate, each has its own calculations, and they are not willing to take risks.

Under such pressure, what is the use of persistence?

Everyone is smart.

Soon, some major shareholders also began to turn their heads to negotiate prices with Brian Lord, and Marvel was completely confused.

......

June 6th is a very lucky day.

Earlier, at about 6 o'clock, Lyman got up to wash, then joined with Brian and killed Marvel.

In the meeting room.

Avi-Allard still didn't realize that Lehmann was so determined, not even giving a word, and insisted on delisting and privatization.

Money is good.

He is the one who knows Marvel's assets best. This time, Firefly has no chance of getting it without 1.4 or 500 million in cash.

But if people really want to pay for this money, they are optimistic about Marvel and feel valuable, then shareholders, banks, and even lower-level employees are welcome.

In terms of how it looks, after the firefly takes over, the financial resources are still guaranteed, so I won't have to play the east wall every day to make up the west wall. If it doesn't work, I will sell my two sons.

"They are already accounting for assets."

Bryan gave a rare smile, more happy than Lyman, and very courteous.

In these days, he tried his best to win Marvel, wasn't it just for the "red envelope" of at least 40 million after the event was completed.

Lyman was on one side, with Joseph, Ryan, and the company's legal staff beside him.

Compared with the happiness of these two people, Joseph didn't feel much excitement in his heart, only great pressure.

Although Lyman had discussed with him a long time ago, and he had persuaded him, it would be a disaster if the copyright of the character was of little value if he had to carry such a "heavy" baggage as Marvel.

You know, Marvel has more employees than Firefly, and its assets are unhealthy. Many businesses rely on bank loans to reluctantly operate. Administrative and financial expenditures are very large. This is the main reason why Marvel does not take over-many employees They all joined the trade union and lay off their employees rashly. If there are too many, the trade union will let you know what the power of the working class is.

But it still happened.

This made Joseph a little uneasy. Looking back at the excited Lyman, Joseph still didn't understand the boss' confidence.

Time passed by every minute.

Even if Marvel's asset liquidation work was entrusted to the team sent by PricewaterhouseCoopers, it took a lot of effort.

The employees, including the painters in the comics department, were a little nervous.

After all, after the company changes ownership, there will definitely be some changes.

Lehman checked the data and said in his heart: This is really a bit bad. I have been working for others and the profit is too little.

He also knew that the "Spider-Man" series at least brought Sony more than 3 billion in profits, while Marvel had only $56 million in the account. The "Blade Warrior" series is less than "Spider-Man", which is more than 20 million.

After dealing with the matter here.

Lehman called in a group of middle-level employees and other managers who were not directly from Arad.

"I know, you must have some doubts in your mind. But it doesn't matter, I will just say a few points.

First, after the delisting, we will further improve the operating structure of Marvel Entertainment and establish the Marvel Films label, instead of an empty shell like the present one, without the ability to produce films independently.This is related to the overall development of Marvel, and you have to understand it.

Second, debt and salary issues.I give you a promise that as long as we are serious about doing things for Marvel, we will never fire any employee at will. We will even raise the salary by 5 to 10%. The right of the job will fluctuate, and I will also Make every effort to get Marvel out of the debt crisis that has lasted for more than ten years.

Third, there will be no major changes in the management for the time being. I only look at one point, ability.Those who are able come first."

This remark finally calmed the worried people a lot.

Marvel's veterans and managers certainly don't want to be expelled, as long as they have meaning in this regard.

Moreover, these people actually have very low salaries, at least much lower than the DC department that Lehman has worked with. If they didn’t really regard Marvel as their own business, they would not take the initiative to cut their salaries several times-especially A few years ago, in order to survive the bankruptcy and liquidation together, take the initiative to reduce the company's financial pressure and welcome Arad to take over.

Of course, some of them also get dividends. The better the company, so are they.

They are of course willing to guarantee Marvel's financial health.

This is also Lyman's silver bullet offensive.

Being able to use welfare to balance management and get the goodwill of employees is not afraid of high-level vacancies and confusion.

Comics editor-in-chief Joe Quesada couldn’t help but ask: "So, Mr. Luster, are you planning to make a Marvel hero movie?"-In fact, the Marvel editor-in-chief Stan Lee was in your mind as early as In 2002, he co-founded the POW Entertainment Company with others. He has rarely participated in the affairs of Marvel Entertainment. It is just that the character image he created is part of him, so the old man appeared in those Marvel movies.Furthermore, his age cannot support trivial management work.

Lehman continued to throw out good news and replied affirmatively: "Of course, otherwise, why should I buy an entertainment company that focuses on comics? I am a director, and I will definitely find a way to bring Marvel's character to the big screen. Like "Spider-Man."

When it comes to "Spider-Man", everyone is sighing.

If Marvel still has the ability to intervene in this role, they won't be confused to the point where it is today, the headache of being urged by the bank.

But Lehman could say so, and painted a brighter future after the firefly became the master, and they also agreed with them.

After these Marvel veterans and managers looked at each other for a few moments, their attitude became very hot.

There is no doubt that Avi-Allard and other high-level officials are in the past tense.