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...firm's CEO, Charles Williamson. For CNOOC, the potential magnitude of the deal (the companies are of similar size) was breathtaking, and the risks involved?from the debt CNOOC would have to take on to finance an acquisition, to a possible downturn in oil prices?were substantial. That Fu hadn't informed the board of his thinking, or of his conversation with Williamson, infuriated several of its members...
...March 29 in a conference room at the Island Shangri-La in Hong Kong, they were in for a shock. CNOOC, Fu told them, was ready to make a play for the Los Angeles-based oil company. "The ship was about to leave the port, and the [directors] hadn't even known there was a ship," says one adviser to CNOOC with knowledge of the meeting...
...less than a month, Fu intended to do just that. But by late March, he still hadn't informed his directors. "He was treating his own board as an afterthought," says one source close to the outside board members. "It was very much the China of 20 years ago in the way the directors were treated initially?where the boss decides and the board just rubber-stamps everything. Why were they treated that way? I don't have a clue...
...ULLMANN: Yes, he wouldn't work with someone who hadn't been part of stage life. I think all his actors always have to belong to the stage. And, obviously, we get the whole script. He also feels that we are bright enough, have time to see enough, experience enough, to read into it what we understand of the characters. So he will never say what you are thinking, or why you are doing something. He will give the blockings; then he will sit and watch. He may be very inspired by an actor who is giving him something that...
...house and invested in the project. Then she alerted Singleton. "He loved it," says Brewer, "He said, 'All you need is me to go into the room with you.'" Still no takers. So Singleton put his house up for collateral and financed the movie (for $3.5 million). Hustle & Flow hadn't been made, but it was already making news on the entertainment and real estate pages...