Going Into the World!

Expansion of the Johnstone Group

“Sir, everyone’s in the conference room.” The head of the competent authority is ready.

Today, I had to show you the underbelly of the great river and set the direction, so I called in the whole team. After the meeting, the foreman simply decided to brief the reporters.

As we enter the conference room, everyone is nervous about the results. No one knows the outcome because I told the foreman and the foreman to keep it a secret.

“Come on, everybody, sit down. We’re now going to announce what we’ve decided so far. This is the middle result everywhere. I will continue to review and revise it carefully in the coming months. ”

As the outcome of this meeting determines the fate of the company and its presidents, everyone’s eyes glaze over. Maybe they’re all thinking about where they’re going.

“First of all, the new group is called the Johnstone Group. You know, I already have a few companies in the United States. Currently under Johnston Group, there are investment firms and several Internet companies. The Daewoo affiliates that will now be joined under an umbrella called the Johnstone Group. ”

There doesn’t seem to be any major objection to what everyone expected. One person raises his hand because it is not an easy task to change the mission. Turning to him, he is the owner of Cheol-gu Lee of construction.

“Of course, you’ve already reviewed it, but if you’re going to be operating overseas, you need to get rid of your existing brand power and start fresh at the very beginning, and I think it might take some time for us to get back to people. ”

Well, questions like that have already been anticipated, and constructive criticism is always welcome.

“That’s right, for a business that confronts a consumer. I plan to deal with that over time, but I think we need to change it to form a unified group. The name” treat “is not necessarily a good thing because many of our affiliates are having a hard time. In other words, this is the perfect time. ”

Everyone accepts my explanation. Yes, companies often change their name when they are sold. There’s nothing much to disagree with if the buyer wants to do it again. Of course, it costs a lot to change the name. There’s no place that doesn’t have a logo and name. But I think it’s necessary to reinvent the atmosphere.

“Next, we will announce the acquisition of our affiliates. Again, this is not yet confirmed. Because of the short time I stayed in Korea, I first designated several companies. The rest of the companies will spend the next three to six months reviewing it. Companies that are not confirmed at this time may have simply run out of time. ”

I am warning you not to be disappointed or disheartened that you have not made a choice. I was playing around with the group because I didn’t have a lot of sympathy, but I needed to take care of it for a while. Later or later, maybe not.

“First, Daewoo Construction will transform its mission to Johnstone Construction and promote and expand its existing Americas branch to its business unit. And as Chairman Lee Cheol-gu has been leading the way so far, we hope you will continue to be responsible for entering new markets.” It is a relief that the construction sector referred to as the first batch has been incorporated into a new group, has been expanded rather than reduced business, and is attracted by the existing presidents. I can’t say they’re in a meeting, but everyone seems to have some expectations.

‘Huh.Don ‘t worry, it’s too early. Even if I did, who would cut me off here? That’s what you’ll know when you get back to your office. ”Chairman Lee Cheol-gu gave me a definitive answer here, but not everyone does.

“Next, Daewoo Communications will be called Johnstone Telecom, and the development of Daewoo will change its mission to Johnstone Development. “

When the two companies are mentioned, they are confused, and they do not cry or laugh because they did not mention the presidency, which is of particular interest to them.

“We are also considering businesses related to credit card and personal investment banking services and have yet to make a decision about Daewoo Securities and Diner’s Club. We will discuss the new business later when it is confirmed. ”

Looking at the two companies’ presidents, Kim Soong-seong, president of Daewoo Securities, is better, but hardened. I was looking forward to it, but I was disappointed to say it was a possibility, but it would be a matter of time before I was kicked out of the boss in a workout state if I wasn’t part of the Johnstone Group.

As five companies have already been mentioned, the interior atmosphere has been increasingly heightened. Expectations and excitement in the construction sector were already saved, communication and development were a little bit of anticipation and concern, cards and securities were intertwined with security and disappointment, but there were some companies that had not yet been announced, and I felt a bit of excitement as I was looking at the initials.

‘Phew. I’m telling you, this is a huge turnaround for a lot of people. So this is power.’ Thinking about it, I’m surprised when I get here. But when I thought that the fate of thousands of people here was divided, I also felt responsible. I would make the best choice for myself, but it’s always a choice for me and the company.

“Daewoo Electronics and Automobiles will not make a decision at this time. The time is too short and the site is spread out, so we will review in 3 months. And I’m not going to mention the rest of the companies because we’re still working on that. Please cooperate actively as the planning and restructuring office will work with the bonds group. For now, the bond group has promised not to make any hasty decisions, so we will manage it as a group. ”

At the end of every presentation, the heads of the company whose decisions have been postponed are worthless. I’ve been trying so hard to hear that I want to get hit by a hawk first, but I might be even more devastated if I ask you to come next time. But there’s no need for me to rush into it.

Time is money to me. The longer we wait, the lower the price will be.

Daewoo also tried to establish at first, but the decision was postponed because many of the core personnel had left and had not accumulated technology compared to the competitors. I thought if I waited and got cheaper, it would be better to crash or set one up.

“Finally, Seung Hun Jeong of Securities will be appointed as the Group Secretary and will lead the restructuring headquarters with the Head of Talent Planning. Many thanks for your cooperation. ”

First, I confronted the foreman who was playing in different waters. The two of us will be competing for loyalty against each other. We have to have a conflict to get things going fast.

After the presentation, I leave the conference room, and when I see people’s faces, my emotions cross.

‘Phew. This isn’t just gonna suck. Should we get serious now?’ I didn’t mean to, but I don’t feel good because I decided my own fate.

When I first came here, I was just excited to be president, but today I think thousands of people will sigh with joy… Damn! This is bitter.

The next day, according to the newspaper, each journalist has a very different taste. I wrote the same case in a very different way.

Especially in the M newspaper and even in early morning news, I expressed concern that even though I had achieved success in the United States, I was too young to simply hand over companies with thousands of employees. There was also suspicion that the government was involved in the sale process, and there was criticism of the bond panel’s hasty decision.

“Tsk, this is nothing more complicated than a human being. ‘It’s only been a few days, but after living as chairman, it was ridiculous to be compared to this criticism. Now you have to ignore this.

@

After spending a little more than a week in Korea, I was so busy that I felt that time was too short. You feel sorry for Jennifer’s time as well.

I also spent a lot of time coordinating things that I thought were easy because I had no experience yet.

Moreover, like the businesses I do in the United States, this is not an investment bank or an Internet-based company. This was not an easy decision because there were many brothers and sisters with large employment sizes.

But now, Korea has people who will be my hands and feet, and I came back to the United States thinking that I will often visit because I have my own chairman’s room in front of Seoul Station.

“Mr. Crimson, do you think there’s a deal going on with America Online and Times Warner? ”

‘Yes, according to inside information from today, there may be a merger. ”

“A merger? That’s for sure?” I was wondering if there was something there, but at least I’m a little surprised to hear it.

“Those words have been said before, but this time something seems to be going right. ”

Hmm. Suddenly, two companies are merging. I am not a master of all things, so I have little knowledge of the two companies. I would try to make a connection with the American online, time-warner, but I can’t reach it much.

“Then find out exactly why the two companies are trying to merge. Find out the background and expectations of the benefits. ”

After work, Mr. Crimson is, in fact, the head of the business support team, sort of the secretary’s office.

‘Well, I’m sure I’ll need someone else to take care of this kind of professional investigation or planning. If I examine it carefully and put it right on my desk, things will get easier.’

After going to Korea to taste the chairman and coming back here, I feel like I’m missing something a lot. There, the chief of staff in the planning control room has been thoroughly researching everything.

‘This place is going to need a little something from the Planning Room soon. Tsk.’

A few days ago, I felt like a Benz rider was suddenly riding a Tiko.

“By the way, is hastening the site partnership related to this? ”

“Yes. I think it’s a strange time. When I first negotiate, I move casually, and then suddenly I’m in a hurry over there. ”

“What do you think caused it?” I asked Mr. Crimson a question.

“I think it’s to make you bigger. It looks like we have over 10 million subscribers. Nowadays, the number of subscribers and the number of visitors at the time of the merger is an important factor in determining body value. And of course, if you bring in 10 million, you can increase your income right away. ”

‘That’s what I heard. If 10 million people are linked, the number of users will increase greatly, even in some overlaps.’ Mr. Crimson’s words are true for Sari.

“Wait, but isn’t America a little bigger? So, what’s the big rush? ’

Founded in ’83, America Online was the company that originally built a storage device (cartridge) for computer games. At the end of the April Fools’ Day, I changed my name to Quantum Link and launched my first online game, where I had a new investment at the same time.

In ’88, Apple Link ran an online service for Macintosh, and in the same year, PC-links for IBM computers were released. A few years later, in’ 91, AOLdos, an online service for Doss, appeared to be fast walking, upgrading its service for windows. Moreover, since last year it has been installed and installed in the window and heating up the user floor expansion.

As a reflection of what started as a game in the beginning, there are various online games, including chat rooms, electronic libraries, and meeting rooms. In ’96, Blackbay also launched its first chat room role-playing game, which was the strongest online service player.

Users increased just a few years ago by changing the system from hourly to monthly, which resulted in frequent delays in service across the country due to network load. Funnily enough, a good marketing idea hit the company and millions fell away in a year. Eventually, he was able to move the network center to Virginia and fix the network problem with a new installation.

‘Hm. $19.95 a month is fine. That’s almost 20 million dollars a month for a million people, right? And if you pay for games and services, huff-puff. ’

This calculation is no joke. There used to be more than 10 million paid subscribers, but I don’t know exactly how long it will last since it fell into a network wave and is recovering now.

But 10 million dollars, 200 million dollars per month for services. 400 million dollars per month? Wow! This is not funny.

“Well, you know, if you bring in one million of our subscribers, it’s $240 million a year, right? Hmph, that’s 480 million if you go more than 20%! ”

I must have raised my voice when the money went up. Eva calls me.

“Ms. Grant, what do you need? ”

“No, thank you! What am I practicing? ”

I muttered in silence again in fear of becoming a careless and unreliable boss.

‘Here, here. It’s not that simple. I’m gonna have to raise the price.’ When I do the calculations, the profit from that side is much greater than I expected.

It seems that it is not easy to attract users who have fallen away once again. They are in the middle of a classic fortress, but it seems that they are trying to get electricity from our sites.

Artwork Reviews

Note that while the AOL and Time Warner groups were announced in January 2000, they were only approved in January 2001, because of their large, monopoly, and complex issues.

The dotcom boom created a company called “AOL Time Warner” in a format that cost more than US $164 billion to buy the time Warner.

Contrary to what was expected after the merger, he managed to book a loss of 99 billion dollars in 2002, renewing the company’s yearly maximum loss record until that time, and making it one of the worst misacquisitions of the 20th century.