Chapter 290 Contradictions are made public
"You actually got angry at me? Why don't you understand?" Hastings slapped the chair close to him, feeling his palms burning. "Is he going to help us? No, he's going to annex us,"
"Do you know what he will do after he annexed us? You don't know," Hastings walked around the conference room while slamming his hand - painful. "He told me that in his eyes, our pattern is also backward and outdated,"
"Do you think that after being annexed, he will still retain this backward and outdated model? Of course not, how could he maintain such a business that uses outdated model?"
"Do you know what that means? That means that our Netflix will no longer exist, you said, how can you allow such a thing to happen?"
Hastings, who was nearly one head taller, stood in front of Randolph, supported one hand on his waist, and one hand, which hurt his hand, waved in the air, shouting to Randolph at the top of his lungs, "You said, can I allow it?"
Randolph, who had been angry once in front of Hastings, became quiet at this time. He put his hands on his chest and looked at Hastings calmly and quietly, letting his saliva spray on his face, "You can only get angry at me? Why are you so stubborn?"
"I don't know everything he wants to do after the merger and acquisition, but I'm very sure that he wants to help Netflix achieve better development," Randolph said calmly. "As for whether our model is outdated, maybe not now, but if he really sees the future of our industry very clearly, then our model is relatively outdated, then what's the problem?"
"Besides, I think it is not easy to measure a model, or to look at the problem out of date or not, but to start from the perspective of whether this model can create profits. Our model can still make considerable profits in the past few years. From this point of view, at least in the short term, it will not abandon our company's current core business,"
"Objectively speaking, Hastings, in this era of rapid development, what kind of outdated model is there?"
"As long as the new company still serves our existing customers, what does it matter if the business model changes? You shouldn't be unclear about this principle,"
"Are you willing to let us touch the elephant here by blind people, or let Feng rebuild a website with the same performance as Netflix? At that time, do you still think we can develop smoothly under at least triple pressure on his new website, plus Walmart and Pepsika?"
Randolph became angry again as he spoke, looking at Hastings with a look he had never seen before, with confusion, sadness, and deep disappointment in his eyes, and seemed to be a little more depressed, "It seems they are right,"
He seemed to be a little unable to stand, holding a chair with his hands and lowered his head and said, "Netfly is your glory, your pride, your counterattack and mocking the best weapon of Pepsika and John Antioco who once looked down on us,"
Randolph raised his head and could see that his hands were shaking. "It is because of this that you tied yourself and Netflix tightly together, thinking that Netflix is your own Netflix, only caring about satisfying your own selfish desires, regardless of Netflix's development prospects?"
The song is sung, the person I love the most hurts me the most, and it is not unreasonable.
As a partner for many years and as a confidant, Randolph, who knows Hastings very well, after he figured out a problem, he figured out a series of problems.
As for Hastings, who was thought to be central to his partner, he was embarrassed and angry at this time, and felt that he could not accept what Randolph said at all.
His expression changed a few times, his mouth opened again and again, but in the end he couldn't speak. He put away his laptop on the conference table and walked towards the door of the conference room with a frosty face.
However, between two people who know themselves and their enemies, hurting others is hurting themselves, and Randolph will never feel good now.
"I misread you," Randolph knew that this was not what he should have after being attacked by him for no reason, which meant that he had hit his mind, "I also believed in you wrongly,"
Hastings paused for a moment and looked at Randolph in a bad state, but the look was like looking at a stranger, no, it was worse than a stranger, it was like looking at an enemy, with cold eyes.
Between the two people not far away, what appears now is not a crack, but a gap that ordinary people can hardly overcome.
"You can't leave behind other irrelevant matters and think about it for our company, especially when you haven't had a way to deal with the bad situation in front of you?"
"I don't matter?" Hastings, who was about to walk to the door, stopped. "What do you think is irrelevant?" He shouted again. "The scene that was rejected by Pepsika and Antioco in 2000 often appears before me. That is the main reason why I work hard. But, if you know the inside story, how can you say such words?"
"And," Hastings suddenly raised the thing in his hand over his head and smashed it down hard, "Who said I don't know how to deal with the challenges I face?"
With a "clang", the laptop fell to pieces on the ground and parts splashed everywhere.
Randolph had already sat on the chair, and the splashed glass scraps and keyboard buttons hit him and his face, but he was unmoved. Hastings' reaction was enough to say everything.
With a "bang", Hastings left the conference room without reservation and appeared in front of all the employees with an angry face for the first time.
It seems that this time, there was no employee who was blind and came over to say hello. Who wouldn't know about the quarrel in the conference room? Everyone even consciously avoided Hastings.
After a while, Randolph also came out of the conference room with a cold face. Although he was in a bad mood, he still did not forget to give him an order, "Clean up the conference room,"
…………
Hastings in the office couldn't sit still at all, and no one looked at him, and he finally looked tired.
He rubbed his hands on his face, and he felt his face still burning.
Indeed, if you are very bluntly stating the little thoughts in your heart, normal people will feel ashamed.
However, now it is not the time to discuss these issues. What is certain is that even if Randolph does not stand on Feng Yiping's side, it will never be possible to stand behind him and support him as before.
So my main task at the moment is to get the support of the company's board of directors and major shareholders.
It just so happens that it can verify whether anyone has encountered any incidents of someone interested in the stocks in your hands in recent times.
"Dudley," he called the company's head of an institutional shareholder, the contact of the New Jersey Public Pension Fund, "I'll go to New York tomorrow, do you have time tomorrow at noon? I want to invite you to have lunch together,"
Such a big thing, it is naturally hard to say on the phone.
"Tomorrow at noon?" The sound of sliding the mouse came from over there. It should be looking at the schedule. "Sorry, the schedule will be very tight tomorrow, and the day after tomorrow, it won't work. Are you doing something? Do you have any good news to tell me?"
"Hastings, I tell you, it's really necessary for you to have good news that can make people excited. Many of my colleagues now have different views on this investment. Not only does the returns mean that the customer growth rate has been slow in recent years,"
"I remember correctly. In 2000, you had more than 100,000 subscribers. It's only a few, and it's not long before it's over 1 million, right?"
"Brother, this is in the United States. More than 60% of families have at least one DVD player. How many potential users are? More and more people choose not to go to the cinema. Last year, the average time we watched DVDs at home was 78 hours. How many DVDs do we have to look at?"
"So, do you have good news to tell me?"
Although this question is sharp, Hastings is very easy to deal with. Well, it is mainly because there are too many similar questions answered this year.
"Dudley, do you want me to remind you how much your investment has increased after the company went public last year?"
The returns of shareholders of many listed companies only account for a small part, and many of them come from the rise in stock prices.
For example, Tesla in the original time and space has never made any money, but many people who invest in it have made a lot of money because Tesla's stock price has risen fiercely!
"We are confident that we will bring the company's sales to a big step next year. If you want to take it off, I guess there are many institutions that are very willing to take over," Hastings said with confidence on the phone, just like he did in front of his employees before today.
"Okay, we have to make another appointment, see you next time,"
Hastings breathed a sigh of relief after hanging up Dudley's phone. Dudley's tone did not look like Feng Yiping had contacted him.
"Luke," he called another institutional shareholder, the contact person of the Canadian Imperial Commercial Bank Asset Management Company, and said the same thing, "Can I arrange time for noon tomorrow? I happened to be there, thinking about whether I can have lunch together,"
…………
In the office building of the New Jersey Public Pension Fund, Dudley, who looked at his physique comparable to that of Irving, put down the phone and smiled at Cummins and Emilia who were sitting on the sofa next to him, "It seems that he has gotten the news."
Cummins smiled and said, "We admire Mr. Hastings' professional sensitivity,"
"It would be better if this sensitivity could be used to expand the company's business, did you think so, Mr. Dudley," Emilia said with a smile.
In this case, it would be appropriate for a beautiful girl like her to say.
“Objectively speaking, Hastings actually did a good job,” Dudley said. “The return on our investment is really considerable, and we also believe that Netflix will perform better in the next time.”
"It seems like you didn't think that way before?" Cummins said.
He turned out to be on Wall Street. Although he had no close relationship with Dudley before, he had contacted him several times.
"That's because you were still on Wall Street, right?" Dudley looked open and honest, and I was just talking to someone. "At that time, I didn't dare tell you some truth,"
"That is, what you say now may not be your true thoughts?" Cummins smiled.
Dudley also smiled.
Emilia laughed with her side, complaining in her heart, "Two old foxes!"
"We all know that Netflix's performance in recent years has not been good enough, and we also know that the situation he is facing now is even more serious. Walmart and PepsiCo, two strong companies, have already had the same businesses that are about to be launched, and will inevitably compete directly with it."
Cummins crossed his legs and said, "We also found that so far, Netflix has not taken any measures to deal with these challenges," he said.
"Of course, it may be that they have a plan, but it has not been implemented yet, or we have not seen their plan clearly. Anyway, who knows,"
This is also an old routine. People who are interested in selling praise, while those who are interested in buying will naturally be deprecated.
"We all know, too," Dudley, a standard middle-aged man with a handsome middle-aged man, always had a smile on his face like a kindergarten teacher, which was definitely very unique.
"Mr. Feng has always been known for his precise vision. Many examples confirm this. For example, the series of measures to acquire Coin Star, which was highly praised by everyone last time, were praised by many as textbook-level."
"So, what I can't understand is why Mr. Feng, a person with such a good vision, is interested in a company you are so unprotected in Cummins?"
It's worthy of being an old fox, and this question is absolutely sharp. (To be continued.)
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Chapter completed!