IAIH :: Volume #6

#593: Coming


Looks that opposite three old man saw after memorandum data, simultaneously is pressed the brow, Eric explains unhurriedly: Firefly insisted as before most can only sell 25% Firefly stocks, but, because the registration of ABC and Firefly is Delaware. ▲∴▲∴, according to «Ordinary Law of corporation» of Delaware, so long as the parent company obtains the subsidiary company over 90% stocks, then parent company Board of Directors can propose carries on the privatization unilaterally to the surplus circulation stocks, the privatization form was decided by the parent company that does not need to seek information subsidiary company Board of Directors and investor's suggestion again. Therefore, if the ABC aspect can coordinate Firefly to phrase 90% stocks ahead of time, we can carries on the cash purchase to other 10% stocks, the surplus shareholders do not need to participate in this 25% stockholder's rights replacement, the stockholder's rights and no less than the plan that Berkshire Hathaway and company of Mr. Murphy therefore obtains Mr. Buffett proposed.” 看着对面三个老头子看到记事本上数据之后同时蹙起眉头,艾瑞克不慌不忙地解释道:“萤火虫依旧坚持最多只能出让25%的萤火虫股份,不过,因为abc萤火虫的注册地都是特拉华州。▲∴▲∴,按照特拉华州的《普通公司法》,只要母公司获得子公司90%以上的股份,那么母公司董事会就可以单方面提出对剩余流通股份进行私有化,私有化形式由母公司决定,不必再征询子公司董事会和投资人的建议。所以,如果abc方面能够配合萤火虫能够提前收购90%股份的话,我们可以的对其余10%的股份进行现金收购,剩余的持股人不必参与这25%的股权置换,伯克希尔.哈撒韦墨菲先生的公司因此获得的股权并不少于巴菲特先生提出的方案。” The United States tax affairs are divided into the federal taxes and state tax two types, but the state tax percentage differences in various states are very big, because of the Delaware special tax-free policy, United States many companies will choose in Delaware registers. 美国的税务分为联邦税和州税两种,不过各州的州税百分比差异很大,因为特拉华州特殊的免税政策,美国很多公司都会选择在特拉华州注册。 As a well-known attorney, Charlie Munger saw some issues: But, Eric, you have not thought that this is the plan very likely causes the investigation of SEC as before.” 作为一个知名律师,查理.芒格一眼就看出了其中的一些问题:“但是,艾瑞克,难道你没有想过吗,这是方案依旧很可能引起色c的调查。” The plan that although Eric gives is not illegal, but somewhat approaches as before, as global maturest bond market, to let the stock market can healthily develop, United States is much stronger regarding the protection ratio major stockholder of young investor benefit, the plan that Eric gives at this time has to make the ordinary investor lose the independent option the suspicion, once this plan causes the disaffection of young shareholder to file the lawsuit, Firefly will fall into during the dispute as before. 虽然艾瑞克给出的方案并不违法,但依旧有些擦边,作为全球最成熟的债券市场,为了让证券市场能够更加健康地发展下去,美国对于小股民利益的保护比大股东要强得多,艾瑞克此时给出的方案就有让普通股民失去自主选择权的嫌疑,一旦这种方案引起小股东的不满而发起诉讼,萤火虫依旧将陷入争议当中。 Eric has not shunted with the Charlie Munger vision, said: I have consulted the attorney in company, this is not illegal, similarly, the benefit of ordinary investor will not be harmed, Firefly can be higher than the stock price 50% prices to purchase the stocks in their hand as before.” 艾瑞克没有躲开与查理.芒格的目光,道:“我咨询过公司的律师,这并不违法,同样,普通股民的利益也不会受到损害,萤火虫依旧会以高出股价50%的价格收购他们手中的股票。” They talked, in the Buffett mind actually reappeared for four years ago situation of Salomon Brothers Inc. dejected decline. Whenever thinks that this matter, in the Buffett heart will have fear. Destroys Salomon Brothers not pure is that has the false bid case, but is the long-term lawsuit as well as the credit crunch that the false bid case brings, before the Salomon Brothers event. Buffett in the middle of nearly 60 years of life, will present the number of times in court is few, moreover as the number of times of defendant is one time not, always gets sucked into the investor of conflict to other, this can be a record simply. 两人对话之间,巴菲特脑海中却不由地浮现出四年前所罗门兄弟公司颓然衰落的情形。每当想到这件事,巴菲特心中都会产生一阵后怕。摧毁所罗门兄弟的并不单纯是那起虚假投标案,而是虚假投标案带来的长时间的诉讼以及信用危机,在所罗门兄弟事件之前。巴菲特将近60年的人生当中,出现在法庭中的次数屈指可数,而且作为被告的次数更是一次没有过,相对于其他总是深陷争端的投资人,这简直可以算是一个的纪录。 But now. Although Buffett is very clear, accepts plan that Eric gives, will cause the maximum benefit of Berkshire Hathaway, but both will actually come the unnecessary legal risk for transaction both sides, this risk broke the bottom line that Buffett has been able to withstand: Eric, I do not approve your plan.” 而现在。巴菲特虽然很清楚,接受艾瑞克给出的方案,将使伯克希尔.哈撒韦的利益最大化,但却会为交易双方都来了不必要的法律风险,这种风险已经打破了巴菲特可以承受的底线:“艾瑞克,我不同意你的这份方案。” Eric is somewhat accidental, but to Buffett very familiar Charlie Munger and Tom Murphy does not have the strange look, they are very clear, in the Buffett bone is actually a some excessively discrete person. 艾瑞克有些意外,但对巴菲特非常熟悉的查理.芒格汤姆.墨菲却丝毫没有奇怪的神色,他们都很清楚,巴菲特骨子里其实是一个有些过分谨慎的人。 After the Buffett voice falls, in the conference room fell into silent. 巴菲特话音落下之后,会议室里陷入了沉默。 However. Other people had also realized Buffett final these words the implication, Buffett did not agree the plan that Eric gives, actually does not mean he has rejected this transaction, therefore, the people waited for him to continue. 不过。其他人也都意识到了巴菲特的最后这句话的言外之意,巴菲特不同意艾瑞克给出的方案,却并不意味着他拒绝了这次交易,因此,众人都等着他继续说下去。 Although Buffett in the surface as before is maintaining tranquil, but in the heart actually intertwines extremely, even if the several years ago Salomon Brothers difficult positions, has not made him so in a dilemma. 巴菲特虽然表面上依旧保持着平静,但心中却纠结万分,哪怕是几年前的所罗门兄弟困境,也没有让他如此进退两难过。 If there is ABC absolute control power, although in the heart to cooperates with Firefly very excited, but he already had possibly rejected this transaction. Because he is not one person who is good at bargaining back and forth. When felt when a matter has broken away from the control, for Buffett was not continued to waste the energy by oneself, usually will stop this matter decisively, when invests to the company also similarly so. Regarding the unstabilized company, Buffett will usually not pester, but sells to switch hands the stock. 如果拥有abc的绝对控制权,虽然心中对与萤火虫合作非常心动,但他很可能早已拒绝了这次交易。因为他并不是一个擅长讨价还价的人。当感觉到一件事脱离了控制时,巴菲特为了不让自己继续浪费精力,通常都会果断中止这件事,在对公司进行投资的时候也同样如此。对于不能控制的公司,巴菲特通常都不会纠缠下去,而是卖掉手中的股份。 At present the ABC aspect has broken away from his control, even linked him to lose the function in the influence that Investment dozens years accumulated, because rising of Firefly appeared the legend compared with his increasing the family fortunes history. Besides he as well as own old friend still in insisting, ABC many major stockholders have reversed to the side of Firefly. 眼下abc的局面已经脱离了他的控制,甚至连他在投资界数十年积累下来的影响力都失去了作用,因为萤火虫的崛起比他个人的发家史显得更加传奇。除了他以及自己的老友还在坚持外,abc很多大股东都已经倒向了萤火虫一边。 Buffett is very clear. If there is not come to an arrangement tonight, under supporting secretly of Firefly, sides with Firefly Pictures that group of ABC shareholders through initiating the form of temporary shareholders'meeting facilitates this transaction. 巴菲特很清楚。如果今天晚上没有谈妥,那么在萤火虫的暗中支持下,倒向萤火虫影业的那批abc股东将通过发起临时股东大会的形式促成这笔交易。 Once trades in other shareholder hands will facilitate, then like just Eric proposed that abandons the plans of 10% young investors, they can draw up other to plunder Berkshire Hathaway and Tom Murphy the plan of benefit similarly, even if finally the economic interest has been safeguarded, they will thoroughly also lose to ABC as well as the future merge the influence of later company. 一旦交易在其他股东手中会促成,那么就像刚刚艾瑞克提出那份抛弃10%小股民的方案一样,他们同样可以拟出另外一些掠夺伯克希尔.哈撒韦汤姆.墨菲的利益的方案,最后哪怕经济利益得到保障,他们也将彻底失去对abc以及将来合并之后公司的影响力。 Once trades is defeated finally, then the consequence is hard to expect. The United States reception crowd scale is fixed, reason that ABC the can attain the North America first television market share in recent years, besides itself steady operation condition, what is main is because another two big competitor NBC and CBS are in a sluggish state. Regardless of Firefly will take over NBC and CBS any in the future, then relies on the Firefly strong content production superiority, it will pose the huge threat to the ABC status. General Electric has the NBC absolute holding power, but the management makes this company with other shareholders' support as before turbulently cannot withstand, if the ABC achievement therefore starts to decline, definitely will do a bigger incident to their discontented these shareholders, then affects the operation of TV Network, has a vicious circle. 而一旦交易最终失败,那么后果就更加难以预料。美国的收视人群规模是固定的,abc之所以在最近几年能够拿到北美第一的电视市场份额,除了本身平稳的运营状况外,最主要的还是因为另外两大竞争者nbccbs都处于低迷状态。无论萤火虫将来接手nbccbs的任何一家,那么凭借萤火虫超强的内容制作优势,它都会对abc的地位产生巨大威胁。通用电气拥有nbc的绝对控股权,但管理层在其他股东的支持下依旧将这家公司闹得动荡不堪,如果abc业绩因此开始衰落下去,本来就对他们不满的那些股东肯定会搞出更大的事端,进而影响电视网的运营,产生一种恶性循环。 In conference room entire silent five minutes, everybody was waiting for that patiently Buffett makes the final resolution. 会议室里整整沉默了五分钟时间,大家都在耐心地等待巴菲特做出最后的决断。 Finally, after a sigh, Buffett in a soft voice said: In the future I likely am today's decision regret.” 终于,一声叹息过后,巴菲特才轻声道:“将来我很可能会为今天的决定后悔的。” These words resound in the conference room, people realized that Buffett has made the resolution. 这句话在会议室内响起,众人都意识到巴菲特已经做出了决断。 Eric is having the self-confident smile, said: Warren, I promised you, you absolutely not for today's decision regret.” 艾瑞克带着自信的微笑,道:“沃伦,我向你保证,你绝对不会为今天的决定后悔的。” Buffett has not made too many responses to the Eric words, but, since the heart had a resolution, Buffett also no longer continues more puzzled the details, complied with the Firefly 25% stockholder's rights as well as 10 billion USD cashes transaction plans simply transparent. 巴菲特没有对艾瑞克的话做出太多的反应,不过,既然心中已经有所决断,巴菲特也不再继续纠结一些细节问题,简单明了地答应下了萤火虫25%股权以及100亿美元现金的交易方案。 After drinks simply one cup of champagne expressed the celebration, Buffett one line of three people have rejected the invitation of Eric, rode in a carriage to leave Susnet Tower Hotel. 简单的喝了一杯香槟表示庆祝之后,巴菲特一行三人拒绝了艾瑞克的邀请,乘车离开了日落塔酒店 In underground parking garage. Gazes after the Buffett three people of private cars to leave, Eric turns around to say with a smile to Katzenberg: Jeffrey, the following reporter will be managed by you.” 地下停车场里。目送巴菲特三人的座驾离开,艾瑞克转身对卡森伯格笑道:“杰弗瑞,接下来的记者会就由你来主持吧。” Katzenberg knows that has completed to the purchase of ABC, his enterprise on again a very big stair. Therefore the expression said excitedly: „Is Eric, the present holds a high-level meeting to make to prepare?” 卡森伯格知道完成了对abc的收购,他的事业将再上一个很大的台阶。因此语气兴奋地说道:“艾瑞克,是不是现在召开一个高层会议做一下准备?” Eric has knocked the watch: You must forgive others' feeling, was in the weekend, let alone now is 8 : 30 pm.” 艾瑞克敲了敲手表:“你总要体谅一下别人的感受吧,本来就是周末,更何况现在已经是晚上八点半了。” Good, then on tomorrow.” Katzenberg as if completely had not realized that tomorrow is on Sunday, but Eric has not prevented again, good, these management will not scold itself in any case. “好吧,那就明天。”卡森伯格似乎完全没有意识到明天是星期天,不过艾瑞克也没有再阻止,好吧,反正那些高管也不会骂自己。 Katzenberg hastily left to deal with these waiting for a long time reporters, Eric and Jeffrey three people chats was returning to the party scene. 卡森伯格匆匆离开去应付那些等待已久的记者,艾瑞克则和杰弗里三人说笑着返回了派对现场。 Eric made the person deliver the champagne to arrive at the matter of conference room to spread over entire party, the guests had guessed correctly the result of matter, saw Eric to appear, the people crowded around to extend the congratulation. 艾瑞克让人送香槟到会议室的事情已经传遍了整个派对,宾客们都已经猜到了事情的结果,看到艾瑞克出现,众人纷纷簇拥上来表示祝贺。 Although final negotiation time is not long, mood of Eric in entire process closely has actually been stretching, Buffett does not hope that this transaction is defeated. Eric also similarly so, the much work that otherwise the Firefly earlier period does completely came to naught, all also want the gravity head to start. 虽然最后谈判时间并不漫长,艾瑞克在整个过程中的心情却一直紧紧绷着,巴菲特不希望这次交易失败。艾瑞克也同样如此,否则萤火虫前期所做的大量工作就全部化为了泡影,一切都还要重头开始。 At this time suddenly relaxes, exhausted feeling also followingly, simply treated with courtesy with the people, Eric sat on the sofa in hall corner. 此时突然放松下来,疲惫感也就随之而来,简单地与众人应酬了一番,艾瑞克就在大厅角落里的沙发上坐了下来。 Looks that Penélope is bringing Kate Beckinsale and Charlize Theron two girls passes through from own side intentionally, Eric smiled to pat sofa, Penélope walked without hesitation, sat down side Eric grinningly, saw that sat has not moved the position meaning in the couches slightly Eric. The surplus two females have looked at each other one, eventually Charlize on own initiative walked to go forward, sits near the left hand of Eric, Kate then sat by Charlize. 看着佩内洛普带着凯特.贝金赛尔查理兹.塞隆两个女孩故意从自己身边走过,艾瑞克微笑着拍了拍身旁的沙发,佩内洛普毫不犹豫地走了过来,笑嘻嘻地在艾瑞克身边坐下,看到坐在长沙发中间丝毫没有挪动位置意思的艾瑞克。剩余两女对视了一眼,最终查理兹主动走上前,坐在了艾瑞克的左手边,凯特跟着在查理兹旁边坐了下来。 Penélope has not actually paid attention to these small details. By Eric, somewhat excitedly said slightly: Eric, today I and Kate tried on the formal clothes together, was very attractive, do you want to take a look ahead of time?” 佩内洛普却没有注意这些小细节。微微靠在艾瑞克身上,有些兴奋地说道:“艾瑞克,今天我和凯特一起去试穿礼服了,很漂亮呢,你要不要提前看看?” Eric somewhat is perplexed, asks: Oscar formal clothes?” 艾瑞克有些不明所以,问道:“奥斯卡礼服?” Penélope nods: I shoots before United States «Belle Époque» obtained the best foreign language film nomination. I have attained a Oscar invitation.” 佩内洛普点点头:“我在来美国之前拍摄了一部《美好时代》获得了最佳外语片提名。我拿到了一张奥斯卡邀请函。” Eric then understood, the propaganda of 《Charlie's Angels》 started, this should be that side Metro Goldwyn Mayer to propagandize 《Charlie's Angels》 for the work that does, since Penélope, because «Belle Époque» will attend Oscar, that Kate definitely by that Shakespeare comedy «Much Ado About Nothing», in the Eric memory on original space and time in Oscar of this movie has achieved nothing, it seems like that side Metro Goldwyn Mayer has done a lot of work for 《Charlie's Angels》. However, at this time Metro Goldwyn Mayer two helmsman one once were Paramount management one once is the Warner Film Industry movie-making heads, by the personal connection of their many years of accumulation, wish was «Much Ado About Nothing» operates an immaterial nomination, then made Kate appear at the Oscar presentation ceremony justifiablily is also not the difficult matter. 艾瑞克这才明白了过来,《霹雳娇娃》的宣传已经开始了,这应该是米高梅那边为了宣传《霹雳娇娃》而做的工作,既然佩内洛普因为《美好时代》将出席奥斯卡,那凯特肯定是凭借那部莎翁喜剧《无事生非》,艾瑞克记忆里这部电影在原时空中的奥斯卡上一无所获,看来米高梅那边为了《霹雳娇娃》做了不少工作。不过,此时米高梅的两位掌舵人一个曾经是派拉蒙高管一个曾经是华纳影业的制片负责人,凭借他们多年积累的人脉,想要为《无事生非》运作一个无关紧要的提名,然后名正言顺地让凯特出现在奥斯卡颁奖典礼上也并不是什么难事。 Thinks of these, Eric somewhat curiously turns head to ask that Kate said: What «Much Ado About Nothing» did attain to nominate?” 想到这些,艾瑞克有些好奇地扭头问凯特道:“《无事生非》拿到了什么提名?” „The best clothing and best dubbing in music,” Kate somewhat embarrassed said that although just arrived at Hollywood not long, but she also knows that this time attended Oscar to rub completely. “最佳服装和最佳配乐,”凯特有些不好意思地说道,虽然刚刚到好莱坞没有多久,但她也知道这次出席奥斯卡完全是蹭来的。 When Eric remembers participates in the Golden Globe Award situation in January, said with a smile: These two nominations actually just right, if did not have any heavyweight award item solely to take a best picture nomination like Golden Globe Award, that was worthy of the reputation.” 艾瑞克想起一月份参加金球奖时的情形,笑道:“这两个提名倒是恰到好处,如果像金球奖那样没有任何重量级奖项却单单拿了一个最佳影片提名,那就太名副其实了。” Listens to three people to discuss Oscar, in the Charlize eye flashes through wipes to lose. 听着三个人谈论奥斯卡,查理兹眼中闪过一抹失落。 Although moved from three people about renting apartment, Penélope according to the request of Eric 虽然搬离了三人合租的公寓,佩内洛普按照艾瑞克的要求 As before is maintaining with two females very good relations, although Charlize carried one glass of red wines to conceal own expression quickly, Penélope noted the expression change of Charlize, therefore said to Eric: Eric, or you help Charlie also make a Oscar invitation, I think that this to you are the easy matter.” 依旧与两女保持着很好的关系,虽然查理兹很快就端起一杯红酒掩饰住了自己的表情,佩内洛普还是注意到了查理兹的表情变化,于是对艾瑞克道:“艾瑞克,要不你帮查莉也弄一张奥斯卡邀请函吧,我想这对你来说是轻而易举的事情啊。” Eric looked in an expression to have the anticipation actually to maintain obviously acting with constraint Charlize, said: Does not need, when your three can attend the presentation ceremony next year together, perhaps can also simultaneously hold the post of the presenting guest of honor.” 艾瑞克看了眼表情中明显带着期待却保持着矜持的查理兹,道:“没必要,等明年你们三个就可以一起出席颁奖典礼了,或许还能够同时担任颁奖嘉宾。” Heard the Eric rejection, Penélope again has not said anything, Charlize actually obviously somewhat disappointedly slightly dangling head. 听到艾瑞克拒绝,佩内洛普就没有再说什么,查理兹却明显有些失望地微微垂下头。 The Kate nimble and resourceful look transferred between Eric and Charlize, the brow tip the trace has selected under. She thought that Eric this absolute is intentionally. 凯特灵动的眼神在艾瑞克查理兹之间转了一圈,眉梢不着痕迹地挑了下。她觉得吧,艾瑞克这绝绝对对是故意的。 Eric actually just notes the subtle change in Kate expression, actually did not mind that she sees anything to come, on the face has a smiling face as before, suddenly asked that Kate said: „Did you also smoke recently?” 艾瑞克却刚好注意到凯特表情中的细微变化,却并不介意她看出什么来,脸上依旧挂着笑,突然问凯特道:“你最近还抽烟吗?” Kate has gawked, immediately shakes the head: Does not have, no.” 凯特愣了下,立刻摇头:“没,没有。” Un......” Eric is dragging the sound: It seems like had.” “嗯……”艾瑞克拖着声音:“看来是有了。” Kate also realized own afraid performance was too obvious, said hastily: You must buckle the salary to buckle my good.” 凯特也意识到自己的心虚表现的太明显了,连忙说道:“你要扣片酬就扣我的好了。” Eric smiles was saying: Actually you can also take out money to compensate their two in secret.” 艾瑞克微笑着说道:“其实你也可以私下里掏钱补偿她们两个的。” Kate is staring at Eric that light smiling face, realizes the Eric not earnest meaning, therefore follows the Eric language gas channel: Good, you punish, I compensate their two in secret.” 凯特盯着艾瑞克那副淡淡的笑容,才意识到艾瑞克并没有较真的意思,于是顺着艾瑞克语气道:“好啊,那你罚吧,我私下里补偿她们两个。” Eric shrugged slightly, relaxes by carries on the back in the sofa, has drunk red wine in Little Kou Cup, waved saying: You play, I rest a while.” 艾瑞克微微耸肩,放松地靠在沙发背上,喝了一小口杯中的红酒,挥挥手道:“你们去玩儿吧,我休息一会儿。” Perhaps is the mood relaxes, Kate hears Eric these words, said: „The expression that you spoke looked like old man.” 或许是心情放松下来,凯特听到艾瑞克这句话,跟着就说道:“你说话的语气真像个老头子。” Oh,” Eric nods, said: Penny and Charlie you play, Kate accompanies my this old man a while again.” ,”艾瑞克跟着点点头,说道:“佩妮查莉你们去玩吧,凯特再陪我这个老头子一会儿。” Charlie, we dance,” Penélope sets out to pull Charlize, walks toward the dance floor grinningly. 查莉,我们去跳舞吧,”佩内洛普起身挽住查理兹,笑嘻嘻地朝舞池走去。 Eric looks to sit in home position Kate, has patted just the Charlize position, said: Comes.” 艾瑞克看着坐在原位的凯特,拍了拍刚刚查理兹的位置,说道:“过来。” Kate moved moving toward the reversed direction, said: I, I crack a joke, but here public area Oh, you cannot act unreasonably.” 凯特朝反方向挪了挪,道:“我,我只是开个玩笑嘛,这里可是公共场合,你不能乱来。” Since this, you also fear anything, comes!” “既然这样,你还怕什么,过来!” The Kate manner is quite firm: I do not pass!”( To be continued.) 凯特态度相当坚决:“我不过去!”(未完待续。)
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