Rockefeller Center in Midtown Manhattan.

It was April 9th. After staying in Paris for another week, Simon and Janet flew back to New York yesterday and started working again today.

The headquarters of Cersei Capital did not choose to be located in the downtown area where financial companies gather. Instead, it was established in Building 1230 of Rockefeller Center. Each of the three subsidiaries occupied one floor.

Janet values ​​their lives more than work.

Therefore, unless necessary, the woman only plans to work three days a week, one for each of the three subsidiaries. And, even during working hours, she will mostly live with Simon in Los Angeles.

Wall Street is filled with all kinds of workaholics, but there is no shortage of people like Janet who work very little but achieve a lot.

During the acquisition of Blackstone Financial Management Company, a subsidiary of Blackstone Group, Simon discovered that John Sreiber, the head of the real estate investment department of Blackstone Group, only works 40 days a year, but can obtain 20% of the equity of the partnership subsidiary.

, still living in Chicago, far away from New York.

In fact, it is very simple. If you want to achieve this kind of hands-off boss-style working state, the most important thing is to choose the right team.

This was what Janet had been doing for two months before the wedding.

The team of Cersei Fund Management Company has gone through a year-long process of polishing and screening, and this is the most reassuring team. Leon Black and Lawrence, the leaders of the two teams of Apollo Management Company and Black Rock Asset Management Company

Fink has Simon's prophetic advantage and is also very reliable.

The large conference room at Cersei Capital headquarters.

The meeting about Lawrence Fink's team's new quarterly investment plan lasted two and a half hours, and by the time it ended, it was almost noon.

Simon sat next to Janet throughout the entire process and patiently listened to the entire meeting.

Lawrence Fink was very much looking forward to Simon expressing his opinions during the meeting. However, the behind-the-scenes boss who should have a greater say than his wife never said a word, which made Lawrence Fink feel unpredictable.

.Sometimes I feel that Simon may not understand the asset management industry, and sometimes I feel that this may be the case. However, Fink does not dare to look down upon a young man who has earned a huge fortune for himself in just over three years.

.

In fact, Simon just tried his best to be a hands-off shopkeeper.

In the afternoon, there was a meeting with the Apollo Management Company team. Everyone left the conference room and went to a restaurant in the building to have dinner together. In the corridor, the elevator had just opened and happened to see Wayne Huizenga, the chairman of Blockbuster.

Also in the elevator with Leon Black.

Everyone said hello and started working together.

During the chat, Simon learned that Wayne Huizenga came here this time for the acquisition of Blockbuster some time ago.

After Blockbuster completed its IPO, in order to stimulate the company's stock price, it quickly announced an acquisition of the East Coast-based Errol Company, which is headquartered in Baltimore.

Originally, an offer of US$40 million had been negotiated for this acquisition.

However, a few days ago, Nancy Brill found some irregularities when checking Errol's financial information, so she hired the newly established Apollo Management Company team to re-examine the acquisition. M&A consulting, this is the same

It is the business of the Apollo Management Company team, and the largest merger and acquisition consulting case in the hands of Leon Black happens to be the acquisition of MCA planned by Daenerys Entertainment.

Speaking of the future, after taking on this not-so-big task, Leon Black’s team quickly discovered a hidden debt of more than $8 million under Errol Company.

The purchase price of US$40 million was inherently high compared to Errol's size and liabilities.

After the additional hidden debt came to light, Blockbuster immediately halted the acquisition and began renegotiations with Errol's management team.

The video chain is a capital-intensive industry. Although the scale of Errol's company cannot be compared with that of Blockbuster, it has expanded to 250 chain stores and also relied heavily on loans during the expansion process. If this acquisition fails,

, Errol, which is far from having a scale advantage, is likely to go bankrupt.

Therefore, the final transaction price is very likely to be reduced to US$30 million.

Back in Los Angeles, Nancy Brill also talked to Simon about the incident.

However, Nancy pointed the finger at Wayne Huizenga.

If she hadn't re-examined the acquisition at the last moment, Blockbuster might not have discovered the problem and ended up suffering additional losses. This was obviously a mistake by Chairman and CEO Wayne Huizenga.

After Blockbuster's IPO, as founders such as Wayne Huizenga's shares were further diluted, Daenerys Entertainment, which held 35% of its shares, basically had control of the company. Nancy was very early

Dissatisfied with Wayne Huizenga's ability, she took advantage of this opportunity to propose choosing a new CEO for Blockbuster and dividing Huizenga's power into two.

"Blockbuster's core operating philosophy is to continue to improve efficiency and reduce costs while expanding, so as to gain stronger competitiveness in the same industry. I agree that you want to find a new CEO. However, Blockbuster has just

IPO, I don’t want internal instability, so you should communicate this with Huey Zanga yourself. In addition, the new CEO cannot arbitrarily change business strategies that violate Blockbuster’s operating philosophy.”

Inside Daenerys Studios in Malibu.

The various teams of Daenerys Entertainment will probably be stationed one after another next month. Simon came here in the morning to check the basically completed decoration effect, and Nancy also came here from Santa Monica.

"Of course I understand, this is also where I'm dissatisfied with Wayne." Nancy nodded: "He can no longer see what Blockbuster's next step will be. He discussed with me last time about buying a cable company.

TV operators are trying to enter the field of cable TV. Blockbuster has not yet achieved the ultimate in video chaining, and now it is simply messy to develop cable TV."

Simon and Nancy walked along the corridor from the administrative area to the next level office area, and said: "If Daenerys Entertainment is trying to expand into the cable TV field, do you think it is a good idea?"

Nancy asked, "Cable station or cable operator?"

Cable TV stations and cable TV operators are obviously two different concepts. However, due to the deregulation of media with the government in the past few years, many cable TV operators have also been involved in the TV station business, such as Time Warner, whose subsidiary Warner Cable is responsible for cable TV operations.

companies and cable TV stations like HBO.

Being involved in both content and channels is obviously the best way to avoid being pinched, but it can also easily distract the management team.

In this regard, Disney and Time Warner, which developed from the original time and space to later, are two typical representatives.

Disney focuses on content and has never been involved in channel operations. Its ESPN is indeed the basic cable station with the highest fees in the cable TV field. Time Warner is involved in both channels and content. CNN and HBO are both very successful, but both businesses are acquisitions.

And although Warner Cable has occupied a large market share, it has always been far unable to compete with competitors such as Comcast.

When Simon heard Nancy's question, he said directly: "TV station."

"It's a good idea," Nancy nodded and said, "However, no additional actions are needed. As long as we win MCA, we can have our own cable TV network."

Simon smiled and didn't have much reaction to Nancy's casual comment on Daenerys Entertainment's acquisition of MCA, and asked: "Why do you oppose Blockbuster's involvement in cable TV, but agree with Daenerys Entertainment's expansion in this area?

?”

Nancy was a little dissatisfied with Simon's school entrance examination. Do you still need to ask such a simple question? She just said: "Because the video chain and cable TV business are not complementary at all."

Strictly speaking, the videotape and cable television industries still compete with each other.

Blockbuster's involvement in the cable TV business will not in turn promote the development of the video chain, but will distract the attention of Blockbuster's management team.

However, this matter is not a problem for Daenerys Entertainment.

Horizontal integration of media groups has always been a major trend in this field. Getting involved in cable TV can maximize the content advantages of Daenerys Entertainment.

Speaking of which, regarding the "House of Beverly Hills" series, after Daenerys Entertainment insisted on not giving in at all, CBS has confirmed that it will give up the renewal.

According to the original agreement, unless CBS voluntarily gives up, Daenerys Entertainment cannot sell this reality show to other television networks.

Now, Daenerys Entertainment has completely taken back control of the project.

CBS is also 'confident'. The ratings data of "The House of Beverly Hills" are not outstanding in the first place. The interests of several major TV networks in terms of content providers are actually integrated. CBS thinks that it has given up on this project, ABC, NBC

Neither TVB nor FOX will take over, and Daenerys Entertainment can only sell this series to the next-level basic cable station, which obviously means a lower price.

However, it was obviously impossible for CBS to see Simon's specific plans.

As long as the acquisition of MCA can be completed and "The Housewives of Beverly Hills" is transferred to the USA TV network under MCA, it may not be able to obtain the income of the public television network, but it can further expand the Housewives series and build it into a brand, and at the same time increase the number of

The value of the USA TV network itself can be said to serve multiple purposes.

Malibu Cinema is very close to Cape Dume. Simon walked around in the cinema until noon, then returned directly to his home on the west side of Cape Dume for dinner. He also casually invited Nancy. The female executive just thought she had to rush to the mall.

Bank refused.

Back home, Janet was not the only one in the villa, Catherine also rushed over, and the two women were bringing lunch into the restaurant.

"Point Break" is about to start filming here in Los Angeles, and Catherine will be here in the near future.

Catherine was naturally invited to the wedding last month, but Simon was too busy at the time and did not have the opportunity to get along with women.

After all, it is impossible to go back to the past. Everyone sat down in the restaurant, but they still had a strange sense of harmony.

After chatting for a while about "Point of Horror", Simon asked the woman: "How are you thinking about that project, "Thelma and Louise"?"

Catherine helped everyone serve the mushroom soup, nodded slightly and said, "It's a very good script."

Simon smiled and said: "Should I accept it or not?"

Janet also said to Catherine at this time: "Kate, take it. I think we can still star together."

Simon couldn't help but look at the two women, and suddenly found that they looked a bit like the original Susan Sarandon and Geena Davis, so he looked at Jenny and said, "You know what I'm doing

What?"

Janet rolled her eyes at Simon: "I've read the script, of course I know."

Simon was curious: "When did you watch it?"

"You don't care when I saw it."

"Okay, but this is a story about two women resisting male supremacy. Do you think it's appropriate for you two to play the role?"

"certainly."

"Then some people think I abused you."

Catherine placed a bowl of cream of mushroom soup in front of Simon and said angrily: "You could just abuse Jenny, why did you drag me along?"
To be continued...