America's Road to Wealth

Michael Ovitz and Michael Levine, two Michaels.

Let’s start with Michael Ovitz, the founder of CAA.

Even now, he still has good relationships with many Hollywood superstars.

At the same time, it is also of great significance to the innovative elite culture.

After all, he is the founder and the founder of the company culture.

But he was later squeezed out by senior management and distrusted by shareholders.

He was rejected by CAA and accepted again, thus creating AMG.

Michael Levine's title at CAA is Senior Partner.

It sounds like people who don't know the story think he is one of the bosses of CAA.

But in fact, this thing is senior partner.

It is very common in many companies in many industries in the United States.

At CAA, the job title is this, but it actually refers to the senior agent who innovates the elite culture.

It doesn't mean that this person is a senior executive of the company.

This position belongs to the company's middle- and senior-level personnel.

Not even management, unless there are other senior part-time employees within the company.

The reason why Abel wooed Michael Ovitz was because of his own status as an outsider.

With Ovitz's cooperation, there is no doubt that entering CAA or the entertainment industry will be much smoother.

The reason for wooing Michael Levine was because Abel knew him from CAA.

This is one of their values.

But if they want to really get the benefits Abel said, they must show more of their value.

for example.

Help Abel and get as many CAA shares as possible.

This is not impossible.

First of all, Michael Ovitz still has some shares in the innovative elite culture.

At the same time, it cannot be said that he has a good relationship with many shareholders of innovative elite culture, at least they are acquaintances.

Shareholders just don't trust his management ability, it's not that they don't like him.

Having Michael Ovitz as a lobbyist will make it easier to engage with those shareholders.

Michael Levine can temporarily act as a commercial spy and obtain some CAA business intelligence.

It can help Abel to a certain extent to better acquire shares of innovative elite culture.

When it comes to acquiring CAA, there may be better options.

But from Abel's perspective, using Michael Ovitz and Michael Levine is his best choice at the moment.

Mainly because he rose too quickly and in too short a time.

In terms of connections, this is where he is most lacking.

Now I have no choice but to use this method.

In parallel space and time,

TGP Capital, the Texas consortium, uses Michael Ovitz.

In 2003, it acquired 36% of the shares of Innovative Elite Culture.

And in 2009, it acquired another 16%, achieving a holding of more than 50%.

Became the largest shareholder of CAA.

Since TGP Capital can operate in this way, of course Abel can also operate in this way.

Michael Levine just added to the mix;

Michael Ovitz is the core of this acquisition.

It's difficult.

After pondering for a moment, Michael Ovitz said softly:

CAA has good operating conditions, good capital operations, good profits, and is suitable for long-term holding.

Its shareholders, they won't want to sell it.

Abel had already considered this.

Whether it’s CAA now or Victoria’s Secret.

They are all high-quality assets.

Acquire these high-quality assets when there is no economic crisis.

It is impossible not to pay a premium.

He didn't have time to wait eight years, so he had to pay more.

The price I quoted from Mr. Krone and General Motors was a total premium of 50%.

Abel looked at Michael Ovitz and said.

This is my bottom line. If it exceeds this bottom line, I can also choose to hold it for a long time.

Michael Levine looked at Ovitz with some earnestness.

Among the four.

Apart from Anne, he was probably the most eager for Ovitz to agree to cooperate with Abel.

If he really succeeds, then he can suddenly become the general manager or a similar position in CAA, surpassing countless people below the two!

This is for him who has been working in CAA for almost twenty years and is still just a middle-level and senior-level employee.

Undoubtedly very attractive.

What about Ovitz?

Is he excited?

Of course he was moved.

For Michael Ovitz, there were two great humiliations in his life.

One was kicked out of Disney.

The other wanted to return to CAA, but was rejected.

He couldn't afford to mess with Disney, it was a real giant.

He was very angry that CAA, the company he founded, did this.

Otherwise, he would not have founded AMG and wanted to compete with CAA.

It just didn't work out.

Now there is an opportunity, and there is capital willing to help him return to CAA.

Help him Return of the King.

Michael Ovitz was willing in his heart.

It's just that this matter is very important. If it is implemented, it will even affect his AMG.

He also has to consider the probability of success in doing this.

At the same time, he was also thinking about where to start if he really agreed.

Maybe Disney is more willing to let go?

When he joined Disney, Disney conveniently bought a small stake in CAA.

Not much, maybe one percent.

After thinking for a while, he said softly: I need to think about it. This is a very important thing.

Michael Levine was a little disappointed.

Abel laughed.

Not reject it outright, but choose to consider it.

This proves that Michael Ovitz is at least moved.

He smiled and said: No problem. This is indeed a very important matter and needs careful consideration.

Okay~ he continued: Let's not talk about these business matters. Eat quickly, the pizza is almost cold.

Yeah. Ovitz smiled, picked up a cut piece of grilled chicken pizza, and took a bite. It's indeed cold. But it tastes really good. I haven't had such a delicious grilled chicken pizza in many years.

Grilled chicken pizza is a cheap food for common people. It is true that a rich man like him has not eaten it for many years.

That's right. Abel laughed, In the whole of Manhattan, in the whole of New York. The grilled chicken pizza here is the best.

The key is cheap.

When he first came to New York, he needed to save money to speculate in foreign exchange.

The cheap and delicious grilled chicken pizza here supported his gluttonous appetite at the time.

Probably because he ate too much at that time, Abel really fell in love with the grilled chicken pizza here.

So when he has something to do, he likes to come here to eat.

It's because he really likes the taste here, not because he doesn't have money to eat better.

Michael Ovitz and Abel are no longer talking about CAA.

Michael Levine and Anne Hathaway had no choice but to drink Coke and taste the cold pizza.

Then I watched Michael Ovitz and chatted with Abel, talking about some interesting things about business or Hollywood.