In addition to MGM movies in the United States, there is also the MGM Phantom Group.

The MGM Phantom Group was the parent company of MGM Films more than 20 years ago.

After Kerkorian first sold MGM movie.

MGM Phantom Group, its relationship with MGM Films was divested.

Since then, MGM Films has become independent, and MGM Phantom Group is another company.

The main business of MGM Mirage Group is hotels, real estate and gambling, with its main businesses concentrated in Las Vegas, Nevada.

It is Kerkorian's core corporate industry and the uncrowned king of Las Vegas.

What Abel bought from Kerkorian this time was just an MGM movie.

If we were to replace MGM Mirage Group, it is a giant that ranks more than 200 on the top 500 in the United States. If it doesn't have more than 10 billion US dollars, don't even think about it.

MGM Mirage in Las Vegas.

MGM Films, like the other eight major Hollywood studios, is located in Los Angeles.

& month 31.

Los Angeles, MGM Film Headquarters.

This headquarters building is currently MGM's most valuable property.

It is 22 stories high and was built in the 1980s.

The current land value is approximately US$220 million.

However, the building has long been mortgaged in exchange for loans to maintain the company's development.

MGM's entire company, except employees, things that cannot be used as collateral.

Basically anything of value, including film libraries and copyrights, has been mortgaged.

This is also the reason why it has such a high debt ratio.

After all, if you want to borrow money, you always need some collateral.

Then use these things to mortgage.

On the top floor of the headquarters building, in the company's largest conference hall.

The executives of the entire MGM film company are all gathered here today.

They had received the notice yesterday.

Abel Smith has not appeared since the acquisition of MGM movies for nearly a month.

I will be here for the first time today to chair today's meeting.

Regarding Abel's arrival, the entire management was basically panic-stricken.

The United States does not have the saying "three things to do when new officials take office", but it has a similar habit.

With the new boss here, the company will never continue to be the same as before.

And among the panicked management.

the calmest,

Instead, it was MGM’s current CEO, Alex Yemenidye.

Alex Yemenidyeh just took over MGM last year and took the job for less than a year.

The reason why he seemed calm was that Alex Yemenidye knew that others might not leave.

But he himself will definitely be fired.

Because Alex Yemenidye is a member of Kerkorian and a confidant.

The company has changed its boss, and it is impossible for him, a confidant of the original boss, to stay in his original position.

Abel had a private agreement with Kerkorian and had already arranged for Alex Yemenidye.

The reason why Alex Yemenidye can continue to serve as CEO after nearly a month.

This is because Abel needs this guy.

During this month's time, maintain and integrate MGM.

Abel, through Kerkorian, allowed Alex Yemenidye to stay on for another month.

The purpose is to let Alex Yemenidye be Abel's knife this month.

In nearly a month.

Alex Yemenich worked throughout the company to cut off many projects that Abel disliked and abolished some bloated departments.

Streamline MGM from 1,440 employees to just over 1,000.

The knife has done its job, Alex

Yemenijie also knew that it was time for him to be thrown away.

Fortunately, his old boss Kerkorian was nostalgic and had arranged for him to return to work at MGM Phantom.

Alex Yemenidye no longer has any worries, he has been having a great time being the bad guy this month.

Of course.

The cost of laying off company departments and company employees in the United States is very high.

Alex Yemenidye can be so happy when he fires employees.

That's also a new boss.

The new boss is also very rich and doesn't mind spending money to fire people.

Today Alex Yemenidye is at this high-level meeting where Abel will also appear.

The only thing he wants to know is who will succeed him as the new CEO of MGM Films.

At nine o'clock in the morning, the door of the conference room was pushed open on time.

Former MGM film executives sat in half an hour early.

They saw a handsome, tall young man who walked in first.

Abel Smith!

Everyone immediately recognized the identity of the person in front of them.

After all, he has appeared in the American media too many times this month.

Behind Abel, six or seven people followed in a dense crowd.

They were all MGM film executives, unfamiliar faces they didn’t recognize.

In the depressing atmosphere, Abel did his part, walked to the main seat in the conference room, and sat down directly.

Those who came with him stood silently behind him. They were uniformly dressed in black suits, giving these former senior executives a depressing feeling.

"Good morning everyone."

After sitting down, everyone saw Abel smiling and saying:

"I won't introduce myself. Everyone should know me. If you don't know me, there is no need to stay in the company."

After the somewhat cold opening remarks.

Abel looked directly at the silent Alex Yemenidy on his left.

"First of all, I would like to thank Mr. Alex Yemenidye for his contribution to MGM in the past year."

"But now I believe that Mr. Yemenidye is no longer suitable to continue to be the CEO of our MGM Films."

Alex Yemenidye, who had been mentally prepared for a long time, heard Abel call his name.

He stood up calmly and seemed relaxed:

"Yes. Due to personal work and personal ability issues, I will no longer continue to serve as the CEO of MGM Films."

"Okay." Abel nodded with satisfaction, "Mr. Yemenije, you can go out and collect your things now. Thank you for your contribution to MGM."

Alex Yemenidye nodded calmly, turned around and left, walking directly out of the conference room.

As a private agreement between Abel and Kerkorian.

Alex Yemenidye The knife borrowed by Abel.

He played his final role as a knife and severely shocked the remaining executives of the original MGM film.

Let these senior executives realize that the new boss is serious today.

The CEO was fired right away, and the CEO didn't even put up a fight.

Alex Yemenidye is like this, let alone them?

The uneasy atmosphere in the conference room intensified again.

Then they heard the voice of the new boss, which caused them to focus all their attention on a man about fifty years old.
To be continued...