Chapter 63 Internal Directors

Author: TrojanRW

Chapter 63 Internal Directors

"A car, of course...always a car."

When Han Yi heard Zhao Youzhen's answer, he laughed silently and rubbed his temples with a headache.

At this moment, the two have arrived at the World Headquarters of Manat Entertainment on the 17th floor of 2024 Century Park. The front desk humbly and enthusiastically invited them to the president's office to take a seat. They presented a glass of ice American and a can of Jordan Bromlet to instruct the administrators to prepare coke specially for Han Yi. They also need to wait in this spacious semi-open office space for a while.

Han Yi and Joo-jin arrived a little earlier than the agreed time. When they arrived at the Manat Entertainment office, Jordan Bromley was conducting an annual report to Ms. Donna Wilson of Manatt, Phelps & Phillips. Donna Wilson is the firm's CEO and managing partner and has oversight authority over all its affiliated firms.

Yes, even if it can be regarded as the leading law firm in Hollywood, Manat Entertainment is actually only dependent on Manatt, Phelps & Phillips, a branch dedicated to the relevant legal affairs of the entertainment industry.

This department is directly responsible for the big Mac customers such as AT&T, Intel, New York University, Toyota North American Branch and Facebook. Any one of them is more than ten times larger than Sony Pictures, the most popular client of Manat Entertainment.

Jordan Bromley's agent level stopped here. Going up, NBC Global, a multinational group with an annual revenue of US$28.5 billion, although a considerable number of businesses belong to the entertainment industry, they are no longer the clients that Jordan is qualified to be responsible for. Only some cases related to music copyright business will the headquarters invite Jordan to the New York office at 7 Times Square to collaborate.

The complex context of the North American capital circle can also be seen from the structure of the law firm Manatt, Phelps & Phillips.

When you feel that you have reached the peak, there will always be an statue of god looking down from a higher place.

"What they want to buy is either a sports car, or a transportation tool." Zhao Youzhen explained, "this way, you don't have to borrow your mother's car every time you go out."

"Tell Bili and Phoenias to save money, buy more food and drink in the supermarket, and then renovate the studio at home. The next album is definitely not enough for a TLM103."

Han Yi pointed to the cell phone that Zhao Youzhen was holding and said with a smile.

"I'll solve the problem of the car."

"You want to buy a car for them?" Zhao Youzhen raised her eyebrows in surprise.

"Like you said, it's not a sports car anyway, it's just a transportation tool."

Han Yi said while entering information in Whatsapp. For him now, as long as it is not a collection of Ferrari 250 GTO, other models do not need to be priced. Buying a car is as simple as buying a fried chicken.

I gave me a new car worth tens of thousands of dollars and quickly brought my relationship with Bili and Phoenas, why not do it?

More importantly, Han Yi also wanted to use this consumption to confirm something.

If you spend money on your own artist to buy a car, is it considered a career investment?

If you spend money on two very special girls, Xu Yiru and Zhao Youzhen, you can get rewards, so what about ordinary partners?

It's also good to try out a new mechanism for tens of thousands of yuan.

"Erika - long time no see. I need a Bentley Bentayga, please choose a suitable color for me. Thank you very much."

"Hi, Yi! Of course, no problem, how about this one?"

Within a minute, Erica Schroer sent a reply, accompanied by a photo of the backyard parking lot.

"Windsor blue body, royal blue interior."

"OK, that's it." Without asking the price, Han Yi made a decision directly. Anyway, he used it to drive a business car for Feiyamu and Kian, so there was no need to worry about so many details. "In addition, I want to choose a car for my artist as a gift, and it doesn't have to be Ogala's collection. I want to hear my suggestions."

"Is it a boy or a girl?"

"In fact, it's a girl and a boy, brother and sister."

"Push my phone number over, or I can visit you." Erica replied, "I will help them pick their favorite car models...even if they don't know what they like."

"I believe it deeply, thank you again, Erica. I will ask Jamal to communicate with you about payment."

“Serve at any time.”

"It's done." Han Yi put down the phone in his hand, breathed a sigh of relief, and smiled at Zhao Youzhen.

"Being an artist seems like a very happy thing." Zhao Youzhen wanted to persuade Han Yi to stop this consumption from the perspective of company management, but after thinking for a while, the girl finally didn't speak. She knew that this side of Han Yi was actually his greatest charm. So Youzhen just nodded gently and answered in a soft voice.

“Is it not a happy partner?”

Han Yi blinked in a narrow voice.

"I understand...what car do you want?"

"Hahaha, it's so funny." Zhao Youzhen's tone was in vain, and there was no expression on her face, "I have a car."

"But I've never seen you drive."

"Because I don't go anywhere." Zhao Youzhen tilted her head and thought, "That's what it means to buy a car, it seems to be a loss."

"No, now you have to go anywhere." Han Yi smiled and corrected, "You have only tried one thousand restaurants in Los Angeles."

Zhao Youzhen found that she had to think more and more about speaking now, and she had to think longer and longer. After a while, she decided to swallow the sentence "You're driving anyway" that almost blurted out, and changed the topic.

"Putting the matter of buying a car aside, promoting the funds here will make it better to spend from the company's account."

"I understand that Chase Bank has opened three company accounts for us. I asked Fernando...my private banking manager to allocate $1.5 million to the three companies. The copyright distribution company is 350,000, the artist management company is 150,000, and the remaining 1 million are on the record company. After all, the record company has much more operating expenses."

Han Yi could naturally hear Zhao Youzhen's implicit meaning. He nodded and replied. At the beginning of his rebirth, Han Yi has been using the services of Chase Bank. The six private bank managers responded to every request, which gave him almost no concern in terms of financial income and expenditure on weekdays. Such a pleasant cooperation experience prompted him to put his company account on Chase to open it.

What Fernando Gonzalez prepared for Han Yi is undoubtedly the highest-end company account of Chase Bank - the Platinum Business Account.

There is no handling fee for the first 500 transfers, and there is no limit on electronic deposit and wire transfers. At the same time, during the monthly statement cycle, there is no charge for any outbound transfers with the highest amount of money. This is very practical for Han Yi. After all, there are definitely many large-scale transfers he needs to operate in the future.

Not only that, Fernando Gonzalez also gave Han Yi three-year free use of Freshbooks, an online financial management system for company customers. The details of revenue and expenditure, employee compensation, and even electronic invoices can be generated with one click. These seemingly trivial details can actually significantly improve the operating efficiency of a company, especially for Han Yi, the three newly established music startups.

Even if you haven't found your favorite financial management team yet, it doesn't matter. Through Freshbooks, you can record a few necessary early investments and then hand them over to the accounting team that you join later. The three companies will not have any problems in auditing and taxation.

"When the funds arrive, I will transfer you $10,000 in the playlist promotion fee through the company...it should be enough."

"It's enough, and it's a bit too much." Zhao Youzhen thought about it and replied, "Even the most traffic-rich playlist, the monthly price is only 500 US dollars. Most playlist creators only require about 100 to 200 US dollars, and some people don't even ask for money... because I didn't talk to them about the cost issue from the beginning. I talked to them as an independent musician, and most people are willing to support grassroots artists and are particularly interested in this novel online promotion method."

"Very smart, Yuzhen." Han Yi gave Yuzhen an admiring look at Yuzhen.

"No matter how much money you have, you have to save money." Zhao Youzhen smiled with a pursed lips, "There are still many places to use money in the company."

"Yes, have I told you before..."

"Sorry, Easy."

Before Han Yi finished speaking, the glass door of the office was suddenly pushed open, and then Jordan Bromley, who was covered in fine sweat beads like the wind.

"I'm late, and the annual inquiries at the law firm are always very detailed."

"No, Jordan, we're here too early." Han Yi raised his hand to look at Patek Philippe on his wrist. At this time, it was actually seven minutes away from the agreed 3:30 pm. He smoothed the folds of the suit with his hands, stood up, turned his head, and introduced to Jordan Bromley.

"This is Ms. Zhao Youzhen, the partner manager who is managed by others."

"Hello, Mr. Bromley, I have long been famous." Zhao Youzhen followed Han Yi away from his seat and stretched out his hand to Jordan Bromley with politeness.

"Hello, Ms. Zhao, it is my honor to know you."

If it were twenty years ago, or even ten years ago, Jordan Bromley, who looked stunning, would have to praise Zhao You really for his youthful and beautiful appearance. But unfortunately, this is the 2016 US, any praise between strangers about appearance is easily mistaken for gender discrimination or gender bias. Therefore, although there are many praises in my heart, Jordan Bromley still only spoke a simple greeting.

"Do you need something more? I have a whole bar here."

Jordan Bromley pulled open the small refrigerator placed on the ground on the left side of the desk and asked with a smile. Although he was talking about the bar, Jordan only took out a bottle of VOSS mineral water for himself. This is easy to understand. Apart from the whimsical Hollywood movies, no excellent lawyer dared to drink when meeting clients.

"No need, thank you." Han Yi sat down, tampered with his cuffs, and asked casually, "Where is Thomas?"

"Oh, I'll let him come here at four." Jordan pointed to the door. "My thought is, before he arrives, let's talk about your thoughts."

This sentence instantly made Jordan Bromley express his position - Diplo is a customer and Han Yi is also a customer, but Jordan obviously wanted to help the latter understand who he was more in this internal transaction of Manat Entertainment.

This move may be a psychological suggestion for ordinary people, but Han Yi did not feel any fluctuation in his heart. After the painful lessons learned in his previous life, he was naturally prepared and wary of any similar negotiation method.

Who knows what the real situation is? Jordan Bromley can meet him half an hour in advance, and of course he can also get a day in advance with Diplo. Everyone thinks they have taken advantage of it and received help, so that everyone can act according to his plan and pace. This is a skill that elite lawyers can polish their mature skills.

"Okay... by the way." In order to explain his subtle attitude, Han Yi deliberately pondered for a moment, "Will there be any notice on the UTA's specific time for the next board meeting?"

“UTA’s board of directors generally meets every six to eight weeks.”

Jordan Bromley stared at Han Yi thoughtfully and said slowly.

"The first meeting of this year was held on February 2, and the second meeting was March 15, this time...it will be scheduled for Monday, May 2." Jordan glanced at the work schedule on the computer desktop and said, "At that time, the board of directors will add three new internal director seats in accordance with the acquisition resolution, leaving it to Han and Baihui."

“I noticed that UTA now has nine directors.”

Han Yi took a sip of Coke, thought for a while before continuing.

"The chairman of the board, two vice chairmen, CEO, COO, and four core business leaders as internal directors. The three new seats we have should be the first batch of non-employee directors that UTA has welcomed since its establishment."

"That's right." Jordan nodded slightly, "UTA is a furniture privatization company. Due to the particularity of the industry, it does not require independent directors to enter. Even if the three new directors enter the board of directors as representatives of investors this time, they are actually internal directors in strict terms."

"I understand." Han Yi groped with his index finger and asked, "What is the nomination and election process for the new director? Do I need to send them a nomination list in advance?"

"It's about two or three days in advance," Jordan explained. "Because it's an investor nominee, there is basically no complicated process. Although UTA will vote anonymously as usual, it must be passed unanimously... Are there any favorite nominees?"

"One of the three director seats should be left for Le Pen as the representative of Berkeley Capital to see who they assign to serve as directors."

Speaking of this, Han Yi subconsciously glanced at Zhao Youzhen beside him.

"As for the other two positions, I need to think about it."

In order to further consolidate his identity foundation and give him higher exposure and voice in the industry, Han Yi has decided to make himself one of the nominees. But who should the other person choose is what Han Yi must be confused about.

Now it seems that he has only been investing in and starting a business plan for less than two months and has a serious lack of a core management team. Currently, there are only two people who can truly trust. No matter who they choose between these two people, there are concerns that make him hesitate.

"No problem, just send me the list directly, I can submit it on my behalf."

Typing on the keyboard and keeping the work arrangements related to the board meeting on the schedule, Jordan Bromley continued to ask.
To be continued...