Who could be Smith Media's first CEO.

This has now become the thing that everyone at the conference is most concerned about.

But what Abel announced next made everyone a little stunned.

For Abel said:

"Given that Smith Media has been around for too short a time, and there was no connection between the companies before then," he said.

"So I thought about it again and again, and finally decided to implement a rotating CEO system in Smith Media."

The term "rotating CEO" has surprised everyone.

This is a very new term in the American business world and no one has heard of it.

"Papa~"

Abel clapped his hands gently, and someone from the advisory team came out and distributed several frivolous documents to several media group executives.

"This is Smith Media's definition of "rotating CEO". You can take a look at it first," Abel said.

It was about everyone's own interests, so everyone looked at it seriously.

displayed on the file.

Smith Media will select several rotating CEOs within the group.

These CEOs rotate every year. The rotating CEO is mainly responsible for the company's business management, strategic planning, and internal coordination.

Everyone feels unfamiliar with this system.

Abel, who is in charge, actually doesn’t know whether this kind of management system, which has received very good results among China’s high-tech companies and Internet giants in the future, can be implemented in the United States, or whether it will be useful if implemented.

This system first appeared in 2011 in parallel time and space.

Appeared in Juhuawei, a high-tech enterprise with many businesses.

This system has been used for several years and has produced very good results for the inside of chrysanthemums.

For Abel, if this management system can be implemented, it will definitely be the most suitable system for him, the chairman, and his descendants.

"Rotating CEO" is, to a certain extent, a check and balance on the company's power.

The rotating CEO will not have great power over internal high-level personnel issues, which will reduce corruption in personnel matters.

In addition, this system can also reduce the risk of causing great losses to the company due to problems with a certain person (mainly the CEO), and prevent the company's fate from being tied to a certain person.

A typical example here is Michael Eisner, the current president of Disney.

ABC Disney Group can achieve its current scale and status.

Michael Eisner deserves a lot of credit.

It was Michael Eisner, who took over in 1985, who brought Disney to where it is today.

But as time goes by, Michael Eisner, who used to be a great fit for Disney.

Now it is gradually unable to keep up with the progress of the new century.

A typical example is in parallel time and space. Without the efforts of Robert Iger and others, Disney would have parted ways with 3D animation giants such as Pixar.

If Michael Eisner had kept up with the times, he wouldn't have resigned in 2005 and let Robert Iger take over.

In the years 1998-2005, Disney made many mistakes due to Michael Eisner's decision-making.

If Disney's luck hadn't happened later, a Mickey Mouse named Robert Egger came along.

Without Robert, it would be a question whether Disney would be able to buy Marvel or acquire Fox later.

This is a bit like many famous monarchs in ancient times.

These kings were wise and decisive when they were young, bringing the empire or kingdom to its peak.

If they don't abdicate when they get old, many kings will become stupid and violent, bringing the empire or kingdom into its final stage.

For a company, this rotating CEO system can avoid such personal losses to a large extent.

In addition, this system can also avoid the problem of a certain CEO resigning and taking away a group of key personnel, which will seriously damage the vitality of the company.

In addition, every CEO will work hard to pull the cart and pull the company forward during his rotation. If he goes astray, the next CEO will correct the course in time.

In this business management system, the rotating CEO is composed of a small team.

Because of "harmony without difference", they can control the company to continuously adapt to environmental changes. Their decisions are made collectively, which also avoids the rigidity of the company caused by excessive personal paranoia.

Moreover, the rotating CEO stepping down after one year does not mean leaving the core layer.

They are still at the core of decision-making, have not shed their responsibilities and missions, and are fully prepared for the next rotation.

In addition, because he was worried about acclimatization, Abel also increased the term of the "rotating CEO" from half a year to one year.

If there is really no way to use this system, it can be changed directly later.

"Have you finished reading?"

Ten minutes later, Abel's voice woke up everyone who was immersed in this strange and very groundbreaking management system.

"Next, I will announce the list of rotating CEOs of the group."

"Robert Egger, Michael Levine, Michael Ovitz, Richard Plepler, Dylan."

Abel said: "Currently, there are only five of you rotating CEOs. But later, if other companies join the group and the person in charge has outstanding abilities, it is also possible to become the new rotating CEO."

As soon as the list was announced, everyone in the audience had mixed reactions.

Robert Egger was a little disappointed, but he could accept it.

After all, he is the first CEO. Even if he has to step down in a year, Robert is still the CEO of MGM Entertainment under this system.

And after stepping down as CEO of the group headquarters, he still remains in the decision-making layer and can still participate in the highest decision-making.

His power was not much reduced. During this period, he also had more control over other group subsidiaries. For Robert who had not yet made any achievements, no matter how you looked at it, it was a good thing.

The others who were still behind Robert were of course even happier.

If there is no such system, if Robert becomes CEO, he will remain CEO as long as he does not make big mistakes.

Then there is a high probability that others will be hopeless as CEOs.

Nowadays, this "rotating CEO" system is used, which means that as long as the work is done well, it can be their turn no matter how scheduled it is.

Especially for Richard Plepler and Dylan, who were behind, they were simply overjoyed.

before this.

Of these two, one is in charge of TV media and the other is in charge of print media.

These two departments are currently very weak in the group.

Without the rotation system, there is a high probability that they will not be able to become the CEO of the group headquarters.

Now that they have a clear opportunity, they are naturally the happiest.

After looking at the people with mixed reactions, Abel added:

"This is the first time this system has appeared in the United States. So I decided that it will be temporary in the first year."

"If it doesn't work, it will change next year. I hope that everyone can implement it thoroughly and develop the group better under this system. That will be beneficial to everyone present."

The boss said so, no matter what he thought.

Of course, all the executives of Smith Media Group nodded in agreement.

"Okay."

After announcing this, Abel smiled on his face:

"The first thing has been said. It may not be that good. Now let's talk about the second thing. This second thing should be considered a good thing for everyone present."

After Abel finished speaking, he turned back and motioned to David, who was standing behind him.

David Jones nodded and said "PPT." to several attendants at the door.

The conference room quickly dimmed. A white screen was pulled out behind Abel, and a PPT was played on the projector.

Everyone who participated in the meeting saw a logo that looked like colorful petals and a peacock tail on the projection screen. Below the logo were the three capital letters of NBC.

"As you can see."

Abel's voice sounded: "The second thing I want to announce is that Smith Media will launch the acquisition of NBC, that is, the National Broadcasting Corporation of the United States!"

As soon as he finished speaking, the executives of Smith Media, who had been very calm throughout the entire process, reacted a bit loudly.

"NBC?" Robert Iger couldn't help but said, "BOSS, did I hear that right? Are we going to acquire NBC?"

Abel smiled and nodded, which was a response to Robert's question.

When everyone saw Abel's response to Robert, they all knew that Abel was serious.

It's no wonder they reacted so strongly.

You must know that NBC and the other two television networks have always been one of the three largest commercial radio and television companies in the United States.

The other two are ABC and CBS.
To be continued...