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SM Entertainment Stock Drama: A Primer
Feb. 7th, 2023 07:05 amHi Friends! It's "Caro finally uses her dreamwidth" time again!
Today's primer is a little different. Rather than a group, I wanted to gather all my thoughts, currently spread across several twitter threads, on the SM Entertainment Stock Drama into a single post.
Especially since we have no idea when twitter will die or just, you know, decide to stop threading things or something.
Why should you care about the SM Entertainment Stock Drama?
Well, much like every other company (Twitter being a great example), product direction starts with the vision of the leadership. For years and years, that has been Lee Soo Man, henceforth known as LSM. While he hasn't been the CEO, he has been the largest shareholder (aka stock owner) and has also had the biggest hand in the company's creative direction due to his ownership of their production company Like Planning.
In the last two years, however, his power and influence has been eroded bit by bit, until we find ourselves viewing the situation that unfolded today, where it was announced he is suing his own company.
Now, you should also be asking "why do you care so much Caro? And how can we trust your analysis?"
The first answer is easy: I'm a giant fucking nerd for this shit.
The second answer is less so. While I don't work in finance or law, and very specifically do not work in Korea or am familiar with Korean laws, I do work in Marketing and have spent the majority of my career in corporate spaces. I study the way people make decisions and the way people/media talk about decisions as a part of what I do for a living.
My philosophy about CEOs, especially those like LSM who are known as giants in their field, is "they will go where their ego leads." We're seeing this with the recent Twitter acquisition and, importantly, we're also seeing this play a large role in the SM Stock Drama.
This primer will be both a collection of facts and some of my own personal speculation. I will do my best to call out when I am being speculative, though feel free to ask me questions in the comments.
( Part 1: LSM wants to sell his stock. Or doesn't! )
( Part 2: Align Partners versus Like Planning. Fight! )
( Part 3: A new era at SM Entertainment. Betrayal! )
Anyway, that is where things stand as of February 7th, 2023. I'll probably continue to add entries as this situation evolves.
UPDATE: Head here to read Part 4: The Deal with the Devil
Today's primer is a little different. Rather than a group, I wanted to gather all my thoughts, currently spread across several twitter threads, on the SM Entertainment Stock Drama into a single post.
Especially since we have no idea when twitter will die or just, you know, decide to stop threading things or something.
Why should you care about the SM Entertainment Stock Drama?
Well, much like every other company (Twitter being a great example), product direction starts with the vision of the leadership. For years and years, that has been Lee Soo Man, henceforth known as LSM. While he hasn't been the CEO, he has been the largest shareholder (aka stock owner) and has also had the biggest hand in the company's creative direction due to his ownership of their production company Like Planning.
In the last two years, however, his power and influence has been eroded bit by bit, until we find ourselves viewing the situation that unfolded today, where it was announced he is suing his own company.
Now, you should also be asking "why do you care so much Caro? And how can we trust your analysis?"
The first answer is easy: I'm a giant fucking nerd for this shit.
The second answer is less so. While I don't work in finance or law, and very specifically do not work in Korea or am familiar with Korean laws, I do work in Marketing and have spent the majority of my career in corporate spaces. I study the way people make decisions and the way people/media talk about decisions as a part of what I do for a living.
My philosophy about CEOs, especially those like LSM who are known as giants in their field, is "they will go where their ego leads." We're seeing this with the recent Twitter acquisition and, importantly, we're also seeing this play a large role in the SM Stock Drama.
This primer will be both a collection of facts and some of my own personal speculation. I will do my best to call out when I am being speculative, though feel free to ask me questions in the comments.
( Part 1: LSM wants to sell his stock. Or doesn't! )
( Part 2: Align Partners versus Like Planning. Fight! )
( Part 3: A new era at SM Entertainment. Betrayal! )
Anyway, that is where things stand as of February 7th, 2023. I'll probably continue to add entries as this situation evolves.
UPDATE: Head here to read Part 4: The Deal with the Devil
