ps. Here comes the May 1st update, don’t rush to play after reading it, remember to vote for the monthly ticket first. From now on - order the 515 Fan Festival to enjoy double monthly tickets, and other activities have red envelopes, you can also take a look!
Chris was much more relaxed than Eric, saying: "According to the preliminary assessment, Ian and Steve will each receive 3 million shares, Jeff Locke will receive 2 million shares, and Tina Brown will receive 1 million shares. .According to Wall Street's current valuation of $5 billion for Yahoo, they will directly step into the ranks of billionaires with this equity incentive plan. The possibility of the four of them leaving is extremely low. Besides them, there are a large number of other Middle and low-level managers and outstanding employees will receive equity rewards of up to 200,000 shares and a minimum of 10,000 shares. These people may be poached with a lot of money, but it will not have much impact on Yahoo.”
Yahoo's total share capital is about 100 million shares. According to the current Wall Street valuation of Yahoo at US$5 billion, the price per share is equivalent to US$50. After the implementation of this equity incentive, Yahoo will generate dozens of millionaires at one time.
The imitation difficulty of portal websites is very low. To maintain a leading position for a long time, not only must invest huge sums of money in technology research and development to establish patent barriers, but also need to avoid the loss of core employees as much as possible. This is also the main reason why Eric formulated this equity incentive plan in the first place. If you can't win over these management and excellent employees with a lot of money, once these people who have accumulated enough experience in Yahoo leave, with the support of competitors, they will soon be able to replicate the Yahoo model.
While Chris isn't too worried about Microsoft's attempts to poach people, Eric doesn't think so. Microsoft must have known about Yahoo's internal equity incentive plan, but they still tried to test Steve Mitnick, which shows that they have already prepared to pay more.
Yahoo's equity incentive plan will finally be finalized at the end of July, but there is no free lunch in the world, and these shares are not only rewards for the work of Yahoo's management over the past few years. It also means that employees who accept rewards will be firmly tied to Yahoo.
According to the original agreement, if the employee who received the equity award chooses to resign within five years, not only will the stock in his hand be forcibly redeemed by Yahoo at the price at the time of the equity award, but the resignee will also be restricted from engaging in any Internet-related activities within the next five years. work, or face huge claims. The development speed of the Internet industry can be calculated almost on a monthly basis, which is five years away from the entire industry. Almost means being completely eliminated.
Eric believes that July will be a very important watershed for Yahoo. The Internet industry has just begun to rise, and there are countless opportunities to get rich overnight. Therefore, before the equity incentive plan is officially implemented at the end of July, there will definitely be a group of Yahoo employees who, driven by more lucrative interests, choose to give up the generous equity incentives they are about to receive and switch to Others, or even set up their own.
After thinking for a moment, Eric gradually realized. Since he can't prevent the loss of employees, he can use Yahoo's leading position in the industry to do all other things. You must know that Yahoo is now the imitation target of many companies in the emerging Internet industry. Some of Yahoo's Internet products have even seen followers, but there are no latecomers who can threaten Yahoo's industry status.
Since Yahoo's every move will be studied and even imitated, Yahoo can try to lead latecomers astray.
The portal model is definitely not sustainable, but it will be like the Internet bubble in the next few years. Yahoo could also superficially overpackage the portal model, painting a bright future far beyond its actual potential. In this way, the main energy of several major competitors will be locked in the portal business. But Yahoo can take the right path in private. Many examples in memory have proved that the key factor in the rapid rise and sudden decline of a giant company has never been capital or technology, but strategy.
If you can't walk on the right path, even if you burn $10 billion a year. It is also useless. In the previous life, Nokia, in the year when it was kicked off the throne of the mobile phone market by Apple, invested far more in research and development than Apple, but in the end it could only withdraw from the mobile phone market sadly.
Sort out the general idea again, unconsciously. Eric had already written a line of words on the notepad in front of him while holding the pencil.
Chris is familiar with Eric's sudden thoughts, and he didn't bother him. Seeing that he was writing something in the notepad, he took a look with his head and asked curiously, "What are you writing?"
Eric handed over the notepad, and Chris found that there were eight completely unfamiliar characters on it.
"This is... Chinese characters?" Chris knew that Eric could speak Chinese. He always felt that this matter was very miraculous, but he didn't mean to get to the bottom of it. After all, Eric is a miracle. Rick simply falls under the category of genius.
Eric nodded and explained: "There was a rebellious hooligan in ancient times in the East. During the critical period of his career, he used these eight characters to successfully become the emperor."
"What is the relationship between the hooligan and the emperor? Is this a fable, but why is it so short?" Chris asked several questions in a row.
Eric took back the notepad and said with a smile: "Your question can't be explained clearly in a few words. If you are interested, take the time to explain it to you. Let me talk about the plan I just thought of. Isn't Boston planning to hold the Yahoo Technology Alliance?" And the advertising alliance conference, I decided to advance this matter to the beginning of July, and try to make it as loud as possible. Well, in this way, we will hold another Yahoo network product conference during the period, and promote our upcoming yahoopay payment through TV broadcast products such as tools.”
"Eric, I don't quite understand. Yahoo's every move has been watched by many people. If it is too loud, it will not do us any good. Why do you want to do this?"
"Because," Eric smiled badly, tapped his finger on the notepad with the eight Chinese characters written on it, and said, "I want to lead the whole industry."
Chris was about to continue to ask, knocked on the study door, Joanna walked in, really wanted to say something, noticed the weird smirk on Eric's face, and said, "What are you thinking?"
Eric put away his expression. Shaking his head solemnly, he said: "No, Chris and I are discussing a charity plan. We plan to donate some money to the African bison to help them control the scale of reproduction and the large migration of tens of millions of heads every year. Taixing has mobilized everyone. "
Joanna knew that Eric was talking nonsense, she rolled her eyes lightly, and said, "Okay, let's talk about something in the afternoon, we have dinner."
Seeing Joanna leave, Chris couldn't help laughing and said, "African bison, how did you get here from the Internet?"
"Xiaxia hid the remote control last night, and we were forced to watch an hour-long documentary on the African savannah," Eric smiled. He got up and said, "Let's go to eat first, and we will discuss the topic just now later."
Chris stood up and said with a smile: "Xia Xia is so smart, I think she will be as good as you in the future."
"It's not good to be too good," Eric spread his hands around the villa, and said, "Her starting point in life is higher than all the children in the world. I'm worried that the little girl will have nothing to pursue in the future, and she will want to rule the world or something." .”
"Ha ha."
The two walked out of the study talking and laughing. As soon as I arrived at the living room, I saw the little Hawaiian figure running in from outside the door stepping on his little boots. Her eyes were wide open, and her face was still full of panic that is usually very rare. Seeing Eric, the little girl immediately rushed forward.
"Baby, what's the matter?" Eric quickly stopped and hugged Hawaii, who was rushing towards him, feeling his daughter clinging to him like a sloth. As soon as he spoke, he remembered the expression on Hawaii's face just now, and immediately understood what was going on, and looked towards the door.
Chris is a little unclear, so he just thinks. It seems that this is the first time I have seen such a rich expression on the little Hawaiian face.
Before the little girl answered, the answer came from outside the door: "Hey, Xia Xia, why did you run away when you saw Aunt Drew? It really made me sad. I won't read you bedtime stories in the future."
Accompanied by this voice, the little girl in a light yellow windbreaker walked into the door, saw Eric, rushed over in three or two steps, hugged him intimately, and forcibly kissed Eric on the Hawaiian cheek , before greeting Chris.
At noon, everyone chose to barbecue. At this time, the living room could smell the delicious smell of barbecue. Eric carried Hawaii and continued to walk out, and said to the little girl who followed: "You are now Xia Xia's natural enemy, don't let me eat it in the future." Read horror novels again to scare her."
Even so, there was not much blame in Eric's tone.
Hawaii's IQ is too extraordinary, and both he and Joanna were worried that their daughter's little mind would be left with only logic and no emotion. Xiao Nizi's unintentional mischievous actions at the beginning made Hawaii feel a little more normal. Eric knew that Xiao Nizi would never really hurt her daughter, so after discovering this incident, he didn't take it too seriously. superior.
Xiao Nizi made a grimace at Hawaii, who secretly glanced at her when she heard her father's words. Seeing that the little girl buried her head on her father's shoulder again, she smiled and held Eric's arm and said, "Okay Ah, by the way, Hanks has also come to New York, he didn't come, he just asked me to say hello to you."
While Eric is busy investing in sprints, the North American film summer season has quietly started. This year's summer season's opening blockbuster is Fox's "Die Hard 3", which will be released on May 19.
The sequel cost Fox $90 million, but the response was not very good in the test screening stage. Under the menacing blockbusters such as "Jurassic Park 2" and "Batman Returns", there is little hope of a North American box office explosion. Fortunately, Bruce Willis, like Arnold Schwarzenegger and Sylvester Stallone, has a very strong overseas box office appeal, so Fox decided to release "Die Hard" in North America ahead of schedule , in order to arrange overseas releases during the summer vacation.
"Die Hard 3" has indeed "lived up to expectations", with a box office of only 29 million US dollars in the first week. For the cost of 90 million, this result can almost be described as dismal. Fox has confirmed that this series will be kept in cold storage for a long time.
Yesterday, May 26, was the second week of the summer vacation. The release is Warner's "Fair Game", which Eric accidentally intervened in. The cost of this action film is 50 million US dollars. The heroine has been replaced by Claudia Schiffer from Cindy Crawford. I heard that The script has also been greatly revised, but I don't know how effective it will be. Eric has not paid attention to the box office information yet.
"Forrest Gump" is scheduled to be released on June 9th. Eric handed over the film to Huahua Films for distribution. Drew will come to New York just to lead the crew on a promotional tour. road show.
"You can also say hello to him for me," the three walked out of the villa, Eric handed over Hawaii to Joanna, rolled up his sleeves and walked to the grill to help, and continued to the little girl next to him: "You guys When are you leaving New York?"
"Hanks is going to record "The Renault Show" today. We will go to Washington tomorrow, and the next stop will be directly to Miami, and then back to the West Coast, starting from Seattle," Xiao Nizi said about her itinerary, and took it from the table. Picking up a bunch of chicken wings and standing beside Eric, he said: "Eric, Amy found out that Kirk Kertarian has started contacting MGM again recently, and a friend of hers was at MGM last week. Saw Kirk Kertrian and Frank Macasso at a party."
Eric paused while turning the barbecue, then shook his head, and said with a smile: "Let's eat first, leave him alone. I'll call Frank Macasso tonight, and you can concentrate on working on "Forrest Gump" Just publish it."
"Well," the girl nodded, and she just reminded Eric that as long as Eric knew it, she wouldn't worry about these things.
For the current MGM, apart from the 007 series, several other profitable film series "Charlie's Angels" and "Resident Evil" are under Eric's control. At Flower Films. Without Eric's approval, Credit Lyonnais would never have expected to sell MGM for a good price.
As for Kirk Cotterian, the casino tycoon, Eric will definitely not allow him to enter Hollywood to fiddle around again.
Over lunch, Eric and Chris discussed at length plans to use Yahoo to lead other competitors astray.
The current Internet environment belongs to the era called Internet 1.0 by later generations. During this period, users have just come into contact with the Internet, and are at a loss and curious about all the information on the Internet. Therefore, the portal website that acts as a content guide appears promising on the surface. But in fact, for users, this period is only the initial stage of users' understanding of the Internet. When they become more and more familiar with the Internet environment, the attractiveness of portal websites that can only provide them with customized content will be greatly weakened, and users begin to Generate a variety of individual needs.
Therefore, after the accumulation of Internet content in the 1.0 era has become very rich, the Internet 2.0 era that meets the individual needs of users has gradually opened. Internet products such as search engines and blogs that meet users' social needs began to flourish.
What Eric wants to do is to use the advantages of Firefly Group and Yahoo's media resources to maximize the development prospects of the portal website through publicity with great fanfare, and to focus the attention of major competitors on the portal website business.
Then, while maintaining the dominant position of the Yahoo portal industry in the 1.0 era as much as possible, we will plan ahead for the opening of the 2.0 era.
Yahoo has temporarily canceled its IPO plan, and there is no need to announce any detailed information in the next few years, so this plan is very feasible.
In the process of this gorgeous bubble being inflated, even if some people can stay awake, unless Eric is unlucky and encounters a difficult opponent like Microsoft, Yahoo will have enough strength to send these sober people ahead of time. Recruit, or destroy.
[Thank you for your support all the time. I hope you can support me in the Hall of Glory of Writers and the General Election of Works in the Qi-Dian 515 Fan Festival this time. In addition, there are some red envelopes for the Fan Festival, so get one and keep subscribing!](To be continued.)