Chapter two hundred and eighty-eight differences that are difficult to reconcile
Silicon Valley has a typical Mediterranean climate, warm winter and cool summer. In another space, Google Chairman Schmidt even said, why is Silicon Valley so successful? Why is it difficult to replicate other places?
It is mainly because it attracts world-class talents.
Why are those top talents willing to settle in Silicon Valley in the end? He believes that the climate in Silicon Valley is a very important reason.
This is indeed not unreasonable. For example, Feng Yiping is definitely a top talent now. Why did he choose to be an exchange student at Stanford instead of Harvard in the east? It was because the winter here is warm.
However, the Mediterranean climate has also been a bad place, that is, when the temperature is high, there is less rain, and when the temperature is low, there is more rain.
The day before yesterday it was light rain turned cloudy, yesterday it turned cloudy and sunny. Today, it was intermittent and light raining.
Although there was no rain at this time, the sky was covered with clouds, just like Randolph's mood at this time.
After getting along with Feng Yiping, his mood has always been like this most of the time.
These days, he has been even less in a state of work because he has been thinking about Feng Yiping's words.
Logically speaking, there is nothing to hesitate. After talking to Feng Yiping, he was sure that, with Feng Yiping's joining, Netflix will surely usher in great development!
He should go and have a good talk with Hastings immediately and discuss letting Feng Yiping join in.
The key to the problem is that the three parties involved in this matter currently hold three attitudes.
He himself hopes that Feng Yiping can join Netflix as a strategic investor and become a member of the company's board of directors. Of course, becoming a single major shareholder is currently difficult.
Hastings, he only knew his attitude from Feng Yiping. There was no need for Feng Yiping to deceive him on such issues. Then Hastings firmly opposed Feng Yiping's introduction as an investor, let alone joining the company's board of directors.
Feng Yiping has an equally clear and resolute attitude, and wants to acquire, that is, maintain control over the company.
He thought that it was very correct to consider his decision from the perspective of company growth. Investors like Feng Yiping should be an opportunity for the company's second major development. Just look at the Coin Star he acquired.
The current development trend of Coin Star really makes him envious.
Feng Yiping insisted on acquiring, and Randolph felt that his reasons were actually quite sufficient.
He does not seem to be short of money or means to make money. He is interested in Netflix because he is optimistic about this industry and has sufficient ideas, conditions and resources to manage Netflix well.
He made him pay so much, but he was only a small shareholder of Netflix. Randolph felt that if he were himself, he would not agree with such conditions.
In other words, the requests of himself and Feng Yiping are actually very legitimate. So, the only thing that is somewhat untenable is Hastings.
It seems that he is really against it for the sake of opposition.
That is, to make this happen, we must first do the work of Tonghastings so that he at least does not object to the merger and acquisition.
However, after working together for so many years, he has known Hastings' personality. On such a critical issue, he is really not the kind of person who can listen to his opinions.
Moreover, to be honest, although rationally, he felt that Netflix would develop better for their children, psychologically, psychologically he could not accept it.
They founded Netflix not to cash out as soon as possible, but to regard it as their own career and Netflix as their own child.
Psychologically and emotionally, he really finds it difficult for him to accept that his children call others dads.
But the problem is, if not, it is really hard to live through the successive challenges the company faces, especially when Hastings looks a little lost.
After thinking about it and thinking about it over and over again, he decided that he should have a good talk with Hastings and openly talk.
…………
"Walmart has a lot of other aspects, and the comprehensive conditions are indeed better than us, but in the field of DVD online rental, it is not as professional as ours. So, I think the best way to deal with Walmart's challenges is to further enhance our professionalism," said Sam, director of operations at the meeting, analyzing the advantages and disadvantages of the company and Walmart.
“So, Hastings, we feel that whether it’s business needs or to meet challenges like Walmart and PepsiCo’s upcoming challenges, it’s necessary for us to build another transshipment center to improve our logistics efficiency and thus increase member satisfaction,” he said.
It should be said that this is at least a relatively correct proposal.
“The company’s finances can fully put this budget out,” added Billy, chief financial officer.
Hastings hadn't responded before, holding his elbow on the conference table, looking at his laptop screen intently, but when he heard Billy said he wanted to take money out, he immediately responded, "No, no," he shook his head a few times, "at least for the rest of the fiscal year, we will not make a big investment in fixed assets," he said.
"But, Hastings, don't you think it's a good investment to consolidate our strengths and improve our competitiveness?" asked Sam, director of operations.
He was a little dissatisfied.
These days, Hastings wants to chase them behind their butts and ask them to come up with practical response plans.
This is a very good decision that his department has come up with after so long research. However, Hastings actually denied it for such a reason. Why?
"Is it for the fourth quarter statement?" Financial Director Billy thought a little further.
For listed companies, each financial report is equivalent to their transcript, and investors decide on their support based on this transcript.
If you see that customers' growth is not strong in the financial report, the remaining profit will be minimal after excluding various investments. Most of them are too lazy to care whether you have made necessary fixed asset investments, whether you have laid a solid foundation and strengthened your own advantages.
They will only think that Netflix's performance is very poor and its future development is not optimistic, so they will not abandon you or give up. I guess as soon as such a financial report comes out, many people will immediately sell their Netflix stocks.
That would definitely be a worse matter for Netflix and Hastings.
“There are considerations in this regard,” Hastings said.
Everyone is waiting for his next sentence, that is, there are other considerations, which aspect is it?
But Hastings did not continue to answer this question.
The key is that it is really hard to answer. Under the premise that someone may be maliciously acquired at any time, every dollar cash reserve is extremely precious. However, how can he say this now?
"Next opinion," Hastings said, looking down at his own computer.
Sam and Billy looked at each other and shook their heads in slightest detail.
Although they don't know the inside story, they can also feel the strangeness of Hastings recently. For example, just like now, he often rejects some suggestions that look good and normal without reason.
He must have something to do.
What exactly is that Hastings, who has always been strong, isn't in such a state. Is he optimistic about the development of the company?
"We believe that the center of all the company's activities should revolve around user satisfaction, so our next opinion is," before Sam finished speaking, the door of the conference room was pushed open with a "clang". Randolph, who had been absent from meetings these days, walked in.
Everyone at the meeting clearly saw that like Hastings, Randolph also had very obvious dark circles. They both couldn't sleep at night. It seemed that the prospects of the company were really not optimistic, and several people immediately thought about it.
Hastings heard the sound, looked up and then signaled to Sam with a blank expression, "You keep going,"
"Wait," Randolph knocked on the table, "Let's leave the meeting first. I have something to discuss with Hastings,"
Hastings looked up at Randolph in dissatisfaction, but Randolph clapped his hands and urged him, "Let's go, go,"
The executives who noticed something strange left cleanly after a while. As soon as the door was closed from outside, Hastings couldn't help but cut the notebook heavily, "Randolph, what are you doing?"
The atmosphere in the conference room was very tense for a moment.
Randolph pulled a chair and sat down next to him, "It's because of nextdoor, because of Feng Yiping, right? I mean you have the greatest pressure now,"
Hastings suddenly became angrily, "What did you say?"
Seeing Randolph looking straight at him, he changed it, "How did you know?"
He followed him suspiciously, "Are they looking for you?"
"Yes, they came to me. I just met Feng Yiping a few days ago," Randolph said very calmly.
"How could he do this? How dare he do this?" Hastings pulled the chair and stood up suddenly, furious.
"Hastings, I don't know if you reached a consensus with him, but you have to be clear that at least in redbox things, our approach is actually not worthy of praise," Randolph said.
Hastings touched the goatee, and it was true. He should have been strong enough to cause trouble for Feng Yiping and nextdoor.
Furthermore, Feng Yiping did keep his promise to him and did not disclose the news of his last visit to the newspaper.
However, since he decided to take care of Netflix and he disagreed, it was a matter of course for them to start contacting board members.
Randolph, who is also a co-founder, is naturally the most important target.
"By the way, before that, they had already made a merger and acquisition request, right? So you reacted so much to their cooperation with McDonald's to run redbox,"
"Hastings, your first contact should be this summer, right? Why did you hide this from me? Should you tell me earlier?"
"Randolph, man, I don't want to put too much pressure on you," Hastings said.
"No, no, I don't think this is the case at all. I know you should understand my choice, so I won't choose to tell me," Randolph had figured out why Hastings wanted to hide this from him.
"I don't understand why you said that,"
"Don't understand?" Randolph also stood up with his waist on his back, "How could you not understand? You should understand very well. You should know that after I listened to Feng's explanation and proposal, based on the interests of the company, I will definitely agree with some of his plans, right? That's why you chose to hide it."
"So, do you agree with Feng, that little Chinese guy, to acquire our company?" Hastings was anxious and even spoke rudely.
Although Randolph has always been behind him, it is undeniable that Randolph has a great influence whether in the company or the board of directors. If he doesn't even support him, it is conceivable that other members of the board of directors will definitely be more difficult to support him.
Wait, other members of the board? "Did you know, they contacted those other people?" he asked anxiously.
"What do you think?" Randolph asked, "even if you don't contact me now, you will definitely contact me in the future. Moreover, I don't think they will do their work as patiently as we both."
Randolph stopped, "The other directors and shareholders, they may make direct quotes,"
"Hastings, do you think under the current situation, as long as their offer is reasonable, will others agree to sell it or disagree to sell it?"
Of course, I agree. I believe others would be happy to think that there was finally a chance to get out of the trap.
"Randolph, as long as you support me, that's fine," Hastings said.
"I think what Feng said is not without reason."
Hastings was really annoyed, unable to control his anger anymore, and slapped on the table, "Why don't you understand?"
"Why don't you understand?" Randolph's tone was higher and the table slapped louder. "Netfly, you are not Netfly alone. I have the right to start from the interests of the company and support plans that will definitely be beneficial to the company,"
Hastings shook his head in pain, Randolph looked at him unmovedly, the two co-founders were like bullfighting in the conference room.
Outside, Netflix employees who heard the movement in the conference room couldn't help but look at each other. (To be continued.)
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Chapter completed!