freenovelworld Chapter 62 The Enraged Koklian
Chapter 62 The Enraged Koklian
Chapter 62 The Enraged Koklian
In the break room of his office in Las Vegas, Nevada, Cockerian gets up from a custom-made king-size bed that is more than five meters wide.
He paid no heed to the fate of the mother and daughter on the large bed, who were covered in blood from his abuse because they couldn't pay their gambling debts.
After a quick wash, the mother and daughter in bed were nowhere to be seen. He picked up the newspaper on his desk, and the front page article completely ruined his good mood from the previous night.
It's time for the MGM farce to end.
As one of the few newspapers in the United States with a circulation of over a million copies for an extended period, the Los Angeles Times described the turmoil at MGM over the past week as a ridiculous farce.
The article not only gave temporary affirmation to MGM during Ernst's era, but also dragged out MGM during his tenure to criticize it harshly.
"Clearly, compared to MGM during the Cochrane and Italian conglomerate eras, MGM during Ernst's era evokes some memories of past glories."
"Whether he was a playboy or a genius writer, it is undeniable that Ernst was more helpful to MGM. One film, 'The Man from Earth,' gave MGM a lot of capital, and another film, 'There's Something About Mary,' gave movie fans endless expectations."
"And what about Cockerill? His slogan when he took over MGM—reducing the number of films and only making masterpieces—now seems like a joke. MGM did produce a lot of excellent works during Cockerill's time, but I think that was due to the advantages of the times, MGM's heritage, and a bit of luck."
"While the other major Hollywood giants have seen their market value skyrocket in recent years and are exporting their culture globally, MGM, this lion, seems to still be licking its wounds."
"Relatively speaking, although it only lasted a few months, MGM during Ernst's era gave more people hope for revival..."
What was most infuriating was the line, "Ernst did better in three months than Cockley did in ten years." Cockley was so angry that he slammed the newspaper to the ground, and still not satisfied, he rubbed it a couple of times with his feet, which were still wet, before picking up the phone on his desk.
"What exactly happened?"
According to a report by the Los Angeles Times, MGM held a board meeting today with only one agenda item: to remove Nelson from his post.
First, Ernst borrowed money to acquire MGM, which made Cockerillian think that the other party was just a fool who didn't know his own limitations.
Therefore, Cocklean did not choose to blindly follow Ernst's lead after Ernst raised the price.
He believed that once the other party had wreaked havoc on MGM and was unable to make timely repayments, he could acquire the Hollywood giant at a cheaper price.
But what happened next was something he hadn't expected. MGM not only made a fortune from Ernst's script, but everything seemed to be on the right track.
But Cochrane didn't expect the turnaround to come so quickly. It was just a performance to demonstrate his influence at the board meeting, but it actually achieved a result he never dreamed of.
Robert Iger was fired, Ernst resigned, and successfully put his trusted lieutenant Nelson on the throne of MGM CEO.
Nelson's move is extremely important for Cockerell, as the $200 million bonus was orchestrated by him.
First, it strained MGM's cash flow, leaving it without funds for development, ultimately resulting in MGM's short-lived success.
And then there are the shareholders; Koklian knows their nature better than anyone.
They don't care who the CEO is or who the board members are; what matters most is who can bring them the most benefits.
Ernst was indeed the major shareholder, but when all the shareholders united against him, he was helpless.
Profit is Koklian's greatest asset, and Nelson is his vanguard general.
But now, this most important pawn is about to be dismissed after less than a week in office, which is unacceptable to him.
This not only ruined his excellent opportunity to take control of MGM for the third time, but also made him a laughing stock among MGM's other shareholders.
"I also received Kendine's notification this morning; Nelson is definitely not going to survive."
"Why?" Koklian growled, sounding just like an angry lion.
"Because the $200 million dividend could not be paid out, no one expected that the copyright of 'The Man from Earth' was not in MGM's hands, and even the copyrights for subsequent videotapes were not in their possession."
"Before the film's release, Ernst said he would sell all the rights to the movie to MGM for one dollar. However, unexpectedly, the contract was drafted, but it was never signed."
"You know what this means? MGM has become an investor and issuer. If Ernst backs out, MGM will lose at least $100 million in profits."
"And then there's 'There's Mary,' the copyright for which is also held by Dolly Pictures, the company Ernst registered," "Not only that, but even the 'Tomorrow Never Dies' project is currently stalled due to production costs."
Koklian was now filled with questions, feeling like he was listening to a story that seemed utterly unbelievable.
"Has no one noticed this problem? How could such a huge company like MGM not have noticed something so big?"
There was a moment of silence on the phone. "This matter has always been negotiated between Ernst and Robert Iger, and as you know, our board of directors has no involvement in this."
This shifts all the blame onto Nelson, or rather, Koklian.
The board of directors is not allowed to interfere in the company's operations; everything is arranged by Cochran.
Nelson's failure to know about this beforehand was the other party's problem, and had nothing to do with him.
Koklian's face turned ashen, but he suppressed his anger. "Think of a way to see if we can save Nelson."
Nelson is the only current MGM executive who remains a staunch follower of his principles.
This piece is too important now. If Nelson is fired, I will be completely blind inside MGM.
Returning to MGM is even more impossible.
"It's very difficult."
"Afterwards, I will take out ten million US dollars and hand it over to CVGI for management."
At that moment, outside the MGM headquarters, Will Homan couldn't suppress the smirk on his lips.
Although Cochran had no intention of investing heavily in the development of MGM, Wilhelm was well aware of MGM's importance to Cochran.
What is the main industry in Koklian? It's spinach.
And MGM can help him launder a considerable amount of money every year.
Holding MGM shares not only guarantees annual dividends, but also provides a more stable distribution channel.
And he can also manipulate things here, making a profit from the price difference, acting as a middleman.
After hanging up the phone, Koklian, radiating anger, shouted at the door, "Bring that mother and daughter who owe me money back here. Today I'm going to give them a good talking to about the principle of paying back debts."
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