Back to 1995

Chapter 838
"It's Edgar Bronfman Jr."

Irene whispered in Song Yang's ear, Little Edgar was recognized in the hall, and America's most famous second-generation son was not uncommon.

Song Yang looked at the cards with great interest, as if he wanted to suppress Immelt's limelight. There were not a few people who became the protagonists of the banquet, just like Song Yang, who also showed the look of watching a show.

There are many rumors about Edgar Bronfman. Since he took over the Bronfman Group, he has repeatedly made "amazing" decisions and made large-scale acquisitions.

In addition to the big purchases of Universal Pictures, Universal Music, and the acquisition of Polygram for tens of billions of dollars, the most talked about are some other decisions he made, such as selling the cable TV station of Universal Pictures for 15 billion dollars You know, these years are the golden age of cable TV. When Comcast TV Network merged with ICQ, what price was the Telephone Group asking John Malone for the TCI TV Network for 550 billion dollars...

Even though the cable TV network of Universal Pictures is not comparable to Comcast TV Network and TCI, the sale price of 15 billion US dollars is really a bit of a meal no matter how you think about it!
If the sale of Universal Pictures' TV network was just an appetizer, Edgar Jr. sold the old Bronfman and worked hard for many years before getting it back. He held DuPont shares worth 88 billion dollars. Two years later, DuPont The stock price soared, and the value of this equity came to 160 billion US dollars!

Last year, Edgar Jr. prepared to build the world's largest record group, acquired Polygram for US$106 billion, and then merged Polygram with Universal Music to form the world's largest record group. After this year's results were released, it was a mess of losses .

Who knows, how did little Edgar Bronfman come up with the idea to spend more than 100 billion US dollars to acquire an outdated record company. PolyGram and its record company are both bad debts. The acquisition is completed After that, they all exploded.

The continuous large-scale acquisitions for several years have made the dollars in the account of the Bronfman Group empty for a long time. In addition, the companies purchased are not making money, or have suffered huge losses, making the Bronfman Group’s Finances are in dire straits now. Even if Immelt does not offer an olive branch to the Bronfman Group, it will still be looking for other big benefactors!
The plight of the Bronfman Group has already been rumored by the media. From the stock price of the beverage company under the Bronfman Group, which has been falling for several years, we can see the way. You know, in the old Bronfman era, Bronfman The liquor company of the Man Group has an annual stock return rate of more than 29%. Although it is not as good as Maoxiang Technology, it has killed many technology companies in seconds. In the hands of little Edgar, the stock price has been falling.

But the brand has not fallen, and Edgar Bronfman Jr. still maintains the style of his wealthy family and big shots. He travels with many convoys and entourages.

When he got out of the car, he saw many media and people in the hotel looking at him, as if they were waiting for his arrival. Edgar Bronfman Jr. seemed quite satisfied with this situation, feeling that this was his Treated as it should be!
In the banquet hall, many people looked at Immelt, wanting to see how the head of the empire, known as "elegant and easy-going" in the past, would treat little Edgar. Brother son.

Seeing Edgar Bronfman Jr., who attracted the attention of the audience, Immelt's eyes flashed a gloomy look and a touch of disgust. It is said that Immelt, who has been killed by thousands of troops, has survived. It took decades to climb up to today's position. A generation like Song Yang can make Immelt somewhat respectful, but how much respect can he have for a second-generation prodigal like Edgar.

Sensing everyone's gazes, Immelt smiled, handed the champagne to the waiter, walked to the entrance of the hall with a smile on his face, and went to greet Edgar Bronfman Jr. in person!
Irene, who was standing outside the crowd, saw all this in her eyes. She had seen her forbearance towards Immelt, but she was even more vigilant towards Immelt. She could endure what ordinary people could not Forbearance, when he strikes, he must be much more ruthless than other people!

"Edgar, my brother, you are welcome!"

In front of everyone, Immelt opened his arms and hugged little Edgar, looking very enthusiastic, "Please send my regards to your father, as well as the General Electric board of directors, he is the most respectable person !"

Old Edgar not only gained a huge fortune for the Bronfman family, but also made the Bronfman family a representative family among the Jewish people, with a huge influence among the Jewish people.

Edgar Bronfman Jr. treats Immelt very well. Edgar Jr. is arrogant by nature, with a little narcissism, but he also knows that Immelt in front of him is the real American One of the big men in the world, his status and influence are much higher than him. Immelt's attitude towards him is enough to show respect for him and the entire Bronfman family.

"My father also told me that President Immelt is the best professional manager in the world. Only under the leadership of President Immelt can GE reach new heights!"

When Edgar Bronfman Jr. was not losing his temper, the good education he had received since he was a child made him behave like a nobleman in dealing with people and things.

Seeing Immelt and Edgar Jr. having a happy conversation, many people in the banquet hall who were waiting to watch the excitement were a little disappointed.

Edgar Bronfman Jr. suddenly appeared here today, which also caused a lot of people on Wall Street to whisper. Immelt just raised more than 300 billion dollars in cash, and the Bronfman Group is here again today, which can't help but make people imagine Lianpian, General Electric or ICQ, right? They want to attack the Bronfman Group.

After Immelt's opening speech, today's banquet officially began. Immelt and Edgar Bronfman Jr. were surrounded by the largest crowd. As for Song Yang, he was with Irene. In the corner, there is a look of no interest in socializing. The people present today are all people of status and status, and they will not be boring themselves.

"This is Song, President Irene!"

"Song, this is the President Edgar Bronfman I mentioned to you..."

After exchanging greetings with many people, Immelt, who smelled of alcohol, brought little Edgar to Song Yang's side and introduced him to both sides.

Following Immelt here, Edgar Bronfman Jr. first made a gentlemanly salute to Irene, "President Irene, I have been famous for a long time, and you have created a miracle of the Internet. !"

When he turned his head and looked at Song Yang, Edgar Bronfman Jr. did not shake hands with Song Yang at the first time, but looked at Song Yang with "examining" eyes, and then said the first sentence , the words were astonishing, which made Song Yang and Immelt stunned.

"Song, I've heard your name countless times, but I have to say, I don't like certain things you do!"

Little Edgar Bronfman made no secret of his thoughts, or when facing Song Yang, he thought he didn’t need to think about that. ICQ’s acquisition of the Bronfman Group seemed to him to think that the Bronfman Group was taking the initiative where? !

Unsure of what this prodigal son was thinking, Song Yang didn't know how he offended her, but his words made Song Yang stunned for a moment, and then he couldn't help laughing, "Then I can only express my regret!"

At this time, Immelt was also a little uncertain about how the little Edgar's brain circuit was developed. He dared to say this to Song Yang. Immelt didn't know how many people in America would dare to do this. Just kidding, even if he and other people in the banquet hall were dissatisfied with Song Yang, they would not dare to open fire in person like this.

"Edgar, I don't know what happened, but..." Immelt said to little Edgar with a headache.

Simply, Edgar Bronfman Jr. was not prepared to go around in circles, "Saipan Music Store is the last Internet company I want to see this year. It has ruined the entire record industry!"

Speaking of this, little Edgar seems to be very resentful. Since he entered the record industry, the record industry has been in constant turmoil. First, music websites such as Scour and Napster disturbed the record industry, and then Symbian music The emergence of music platforms such as stores has begun to compete with the five major record groups for users and markets.

Little Edgar worked so hard to create the largest record group in the world. Before he had time to show his strength, he suffered huge losses all the way. He believed that the current situation in the record industry was caused by Song Yang, even if it was not the case, But it is also inseparable from Song Yang!

(End of this chapter)