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@hansolowe19

Жыл бұрын

Succession is pronounced like success with ion at the end, not like secession, which has just one c in the middle. Just a heads up. 👍

Let's not forget that Connor Roy was interested in politics at a very young age

@ThomasZickell

Жыл бұрын

he’s also the eldest son

@Zynbabwe902

Жыл бұрын

@@ThomasZickell no thats kendall - Kendall roy

@twiss9341

11 ай бұрын

Haha this meme reminds me of how Bungee Gum has the properties of both rubber and gum

@user-wf9ui8mi8w

7 ай бұрын

You’re not funny

@Themanbearpig1983

7 ай бұрын

⁠@@ThomasZickelland Lester was a man and now he is dead and we are sad

If people understand the econs, Logan decision to tell the kids to "stop playing toy soldiers" with a publicly traded company and "make your own pile" with the pile received from selling Waystar to the eccentric tech billionaire at a significant premium was a good decision fiduciary-ly to the shareholders.

Best series ever created, an absolute masterpiece. Also kind of funny that AT&T which owns CNN, a competitor to Fox Corp and owns HBO made this about their competition even though both conglomerates are guilty of what’s portrayed

@sonicextremities9570

Жыл бұрын

It's mainly bc of Rupert Murdoch. He's a very unique figure and there isn't anyone quite like him (or his family) in the AT&T or Warner or Discovery side of things. David Milch also had plans to make a show based on the Murdochs (intended moreso to be a drama) for HBO but it fell through. Idea came up again to form the basis of Succession after being proposed by Jesse Armstrong.

@chumplafayette9561

Жыл бұрын

AT&T no longer "owns" CNN or HBO. Warner Bros Discovery owns them. WBD is a mega corp now all on its own, with numerous private companies holding stock, but the majority shareholder now is Advanced Publications.

@anony-mousse8487

Жыл бұрын

It's very unique. It's kind of a very unlikeable show. And yet its so enjoyable. A truly unique phenomenon.

@Pantsinabucket

Жыл бұрын

Yeah but Murdoch is a fairly unique case, and we see this power struggle in the show that isn’t exactly happening with the Redstone family (ViacomCBS), who the Pierces are clearly based off of.

@sonicextremities9570

Жыл бұрын

@@Pantsinabucket Wow didn't really pick up on that but that makes a ton of sense lol. Was trying to figure out who the pierces would be

Just as a side note: The mother of Connor is mentioned once by Roman where he makes fun about the fact that she was "crazy" and ended up in an asylum

@chisomo8088

Жыл бұрын

Oh wow, totally missed that

@kvm6

11 ай бұрын

Or in s4e3, where story is fully explained by Ken

@TheLorsx

11 ай бұрын

@@kvm6 this was prior to s4 being released

@Chuckichanly

19 күн бұрын

Oh yeah the cake story in Connor's wedding

It’s fascinating how you don’t have to know any of this and the drama still hits the same.

@Mpdarkguy

Жыл бұрын

Power dynamics and social hierarchies seem like the low level social stuff that everyone gets to an extent by default

@wxwxwxwx97

Жыл бұрын

😅

Now Im waiting for "How business deals in Arrested Development actually work"

@HowMoneyWorks

Жыл бұрын

They don't. The end.

@viewer-of-content

Жыл бұрын

@@HowMoneyWorks it is somewhat realistic though. I allegedly new a family that also levered a family business 10x to live lavishly and then took 20 years or so to fully unravel there crimes🤣😅 divorce, the children got out fine mostly, the wife remarried, the husband tried more scemes😮

@ugoeze7360

Жыл бұрын

@@HowMoneyWorks when is the Part 2 dropping? 😂

@Manolara1

Жыл бұрын

There’s always money in the banana stand

I found a very subtle, but very believable aspect of this show's writing/acting that makes the show highly believable: the stuttering, ummms, uhhhhs, and ahhhsss of Logan Roy's kids. They deliver their lines in way that show they are not sure if themselves. They are scared of their dad. It totally sets this apart from anything else on tv. Watch the show with subtitles and it will be way more pronounced.

@turtleanton6539

7 ай бұрын

Indeed

I keep thinking about when the family go to one of their mansions for a huge dinner party and then something happens and they order all the food to be thrown away. We’re talking about an insane amount of food that wasn’t contaminated in any way. That hurt and It was fake food in a tv show, but it still hurt.😢😢😂😂

@o_s_byron2319

Жыл бұрын

All the great food thrown away for effin pizza

@AmandaVieiraMamaesouCult

Жыл бұрын

That hurt me too! The lobsters!

@Willemdafoee

Жыл бұрын

You want to eat food brewing in the stench of dead raccoons?

@rockefellerrepublican3336

Жыл бұрын

Go cry baby

@stephenbernard3003

Жыл бұрын

It sounds like you grew up good insecure. That’s got to hit hard. People who never had to worry about food just don’t understand it.

"All the characters are terrible people" is so true haha.

@raymeester7883

Жыл бұрын

That's the point.

@cbushin

3 ай бұрын

That makes the show a lot like so many other shows. It is like Malcolm in the Middle, Married With Children, Girls, Seinfeld, Arrested Development, Everybody Loves Raymond, and Game of Thrones.

The Roy family owns 36% after the investment from Sandy, not a majority. A lot of the plot points wouldn't make sense if they had a majority.

@rishirama6883

Жыл бұрын

That is still a majority stake compared to everybody else, not to say other shareholders can’t pile together to gain a majority, but their percentages are so minuscule it would take a Herculean coming together of a group of people to greedy to give up their piece of the pie.

@mainchannel1566

Жыл бұрын

The Roy's don't have a majority. They have a controlling stake. A majority is 50% + 1.

@DanialDawood

Жыл бұрын

​@@rishirama6883 The Roy's don't own a majority of the company. Majority means more than 50% (they own 36%). If they had a majority, no one could takeover the company even if all the other shareholders stood against the Roy's. What they do have is a *plurality* which means largest share out of anyone else (but not necessarily more than 50%)

@ChaosBarnaby

Жыл бұрын

@@rishirama6883 the word you are looking for is plurality. Majority means, by definition, over 50%

@cparkrun

Жыл бұрын

​@@rishirama6883That's a plurality stake. Not a majority stake.

Most families tend to lose their wealth within 3 generations. These fools are pretty accurate representation of into what, families started by great men devolve into.

@ptrgr72

Жыл бұрын

is it really true, or is it just another made up statistic to make as "regular" people feel more satisfied with our own lives?

@maxscott3349

Жыл бұрын

Good thing I was born and will die mediocre

@AbdulGoodLooks

Жыл бұрын

@@maxscott3349 Can't lose what you never had.

@rayden54

Жыл бұрын

Isn't a lot of that just math though? A rich guy has 2 kids, who have 2 kids, who have 2 kids. Every time the wealth gets passed on it gets split into smaller and smaller shares.

@tcbobb1613

Жыл бұрын

@@rayden54 No, The thinking behind it is that the 3rd generation is that they are too spoiled that once their parents die, they do not know how to run their family business, so it fails, and or they spend all of their family money since they never had to work to earn money.

But that's just it, they NEVER complete a deal. Nothing ever changes. "Succession" suggests that someone will eventually take over from Logan but I am not so sure that will happen. It's a bunch of people on the phone who are indecisive and in the process look to screw each other over. Yet I still watch it. I am hooked.

Connor’s mom was mentioned. She was abused in like every way by Logan physically, too, and had mental health issues. She was like hauled off to an asylum in the early 80s or some shit

You should do an episode about companies that use different share structures to keep voting with founders. So many people don't understand how little actual power they have over certain companies. Even Ford still has a class B share with something like 35x the voting power of a class A share.

This was interesting but as a person who has no knowledge of the business world I think the show did great with context clues and I never felt lost on the business end.

I've just finished watching "The House of Gucci" film which cover the downfall of the Gucci family and the reason why it fell is solely because of greed. And 5 mins later BAM!! How money works drops new video of how Business Deals in Succession Actually Works so i think this is a sign XD

Oh boy, finally something new to watch about finance! The Big Short and Margin Call were great, hope this falls into the same quality! :)

@0b3ryn29

Жыл бұрын

The film "Equity" is also good.

@Tepalus

Жыл бұрын

@@0b3ryn29 Thanks mate, will look into it 👌

@pabloct3

Жыл бұрын

Probably better than both! (Atleast Margi Call for sure without a doubt)

@prundonmcavoy7155

Жыл бұрын

Oh you are in for a treat, trust me. Good time to become a fan, too, with season 4 right around the corner.

@prundonmcavoy7155

Жыл бұрын

Yeah just wanna double down on this and say you might be excited to watch this because of finance themes, but you will also be treated to a drama of epic proportions about family and power. People refer to the show as Shakespearean for a reason. It's a real gem.

I wish I was a rich nobody. This stuff is too complicated.

@ThePanzerFreak5

Жыл бұрын

Basically the same as winning a multimillion lottery.

@wadeguidry6675

Жыл бұрын

@@ThePanzerFreak5 good idea!

00:00 Introduction to the show and the Roy family 01:23 Understanding the Roy family's business structure and the Family Trust 03:01 The importance of the Family Trust and voting power 04:01 Logan Roy's plan to add his new wife to the Family Trust and the children's reaction 05:08 The motivation behind the Roy children's desire to take over the business 06:18 Mergers and Acquisitions in the show, with a focus on the Valter deal 08:01 Different types of mergers and the challenges they present 08:47 The potential for the Roy family to lose control of the company 11:02 Shareholders' decision to trade their shares or hold on to them 11:23 The Roy family's reluctance to sell their shares 12:03 Logan Roy's plan to sell the company and his deal with his ex-wife 13:08 Recommendation of the show and comparison to real-life corporate fraud

@EliTheGleason

11 ай бұрын

Ty uwu

Was sceptical at first, but decided to try it out. REALLY good series! Im in the middle of it, and absolutely love it! And im very picky about watching good series. But this is some Breaking-bad-level quality! Thankyou!!

@pjpredhomme7699

Жыл бұрын

The acting is amazing - so many of these characters are so well done.

@vimal-cliobconsulting

11 ай бұрын

Likewise

I just started watching the show this week

😍 BEAUTIFUL!!!! Now I might actually go and watch it!

now i know why some people value power over money when they already have enough money.

Haha the Family Guy bit at the end is great!

Do the next one about Silicon Valley (TV Series)

i really expected logan to fumble his words and be a caricature during his speech in season 1 but no. And throughout the next seasons it showed how cut throat and manipulative he is. There really is a reason why hes a fucking billionaire. (Unlike real life billionaires who just inherited an emerald mine and is fumbling his way to success lmao)

@joaop4585

Жыл бұрын

Aah yes! Its really a Mus- ops, markertier move

@merrymachiavelli2041

Жыл бұрын

Eh, say what you like about Elon Musk, but his work with SpaceX in particular _was_ genuinely revolutionary. Both in terms of the business model and developing reusable rockets, SpaceX single-handedly cut the cost per kg to get stuff into space by a factor of ten. Which to me is more impressive than building a media company.

@joaop4585

Жыл бұрын

SpaceX is one thing. Btw, anyone can accuse him of getting contacts on Washington. Another is total lack of inspiration to be as a person, unless you want to be a lil pr1ck that was born with money and a manipulative @ssh0l3. And total f*ck3ry on business. Not being competent to do a single sh1t without f*ck1n something or tryin to cut throat someone.

@sharell-

Жыл бұрын

If you would look up the stats you would see that more than half of the real life billionaires are selfmade…🤦🏾‍♂️

@masterpepe3641

Жыл бұрын

@@merrymachiavelli2041 but was that him, or his workers(who routinely get ripped off(to the point that he is known for that)) while getting govt subsidies(which musk argues against) to keep the company afloat

Please make a video explaining what's going on with Silicon Valley Bank

@jesseolivarez7643

Жыл бұрын

It technically didn't fail since it still had more assets than liabilities. But it will fail because people are stupid and their psychology will trigger a bank run.

I really like this video! Just wanted to point out that Connor's mother is mentioned by name in the second episode of Season 1.

The show is a masterpiece.

I just know this videos gonna be amazing

Great explanation thanks

ekster is Dutch for the magpie, a bird that we think likes to steal stuff...

You have to break a few Greg's to make a Tomelette

Brian Cox is amazing in this show. As with others.

Imagine being so rich that your next big problem is having power. I think we all whiched having this kind of problems for ourselves xD

@wilsonwijaya.design

Жыл бұрын

The thing is, almost everyone at the top are snakes and two faced. So if you can't play by their rules you can't survive. So yes, a lot of them want to keep their wealth and assets, wouldn't you? If you were to work your ass off for many years just to let Jeff Bezoa to buy you for $10 mil would you take the offer or fight back to keep your corporation running?

Thank you

7:00 did not expect to see my former employer (and a company the SEC sued for misleading investors), Alumni Ventures Group, cited in this video!

The interesting thing is, Connor is the least respected of the children, and yet he’s the only one who went to do his own thing. Sure, it didn’t really work out, as most people could’ve predicted, but he went for it.

This show and Industry on HBO are my top two favorites!

Thank you making this video. Some of these deals are very confusing

Wow, the tragedy of being a rich nobody... still better than being a poor nobody.

@AbdulGoodLooks

Жыл бұрын

- Elon musk 2022, (colorised)

Doesn’t Logan’s brother hold an interest? How is he implicated? (And thereby Greg)?

When children are used to a certain lifestyle.

I’ve never used a KZread discount link before but I need a wallet so I’m 95% guna get one. Thank you

So should I watch Succession? Is it worth it or should I just rewatch The Last Airbender?

@HowMoneyWorks

Жыл бұрын

They are both extremely different shows but they are also both really good.

@dividendduck

Жыл бұрын

I'll add it to the list 👍

@coffeemug3009

Жыл бұрын

Make sure it's not the movie version.

I’m not gonna spoil the show precedes to tell you exactly how it ends and what the characters do to get their 😂

Love this show, because I feel it’s a decently realistic view of a wealthy family.

You might want to consider adding no spoilers to your video title, so it pop up on my feed a couple times but didn’t click for fear of spoilers

Nice video dude

7:14 I think you are confusing horizontal merger with vertical here.

@Nate9273

Жыл бұрын

i thought so too. what he said was not even what was written in the article.

Starting to feel like How Money Works stalks my recently watched because I just started this show.

Okayy so now conor is the only one with the vote. damm!!!

7:50 As of early 2024 this is happening in the grocery store industry. Kroger trying to buy Albertsons and the authorities want to make sure that doesn’t exacerbate local monopolies.

This looks like my jam, I should watch it if it's on a service I have! Thank you for the video.

During the threat of the margin call why didn't they just reverse split the stock to keep it above $130? I never heard them say it was based on market cap but on actual price per share.

@gustavomunoz3245

8 ай бұрын

The loan wasn’t made by Waystar Royco, the shares were just used as collateral. They couldn’t reverse stock split the org just because Logan took on a loan too big

@kristianFL

8 ай бұрын

@@gustavomunoz3245 that’s what I kind of figured. They should have said market cap instead of just referring to individual share price.

Oh man. Your video made want to go and continue watching the show. I had to stop because all the characters are assholes beyond redeemption and I couldn't empathize with any of them. I'll give it another try.

@AmandaVieiraMamaesouCult

Жыл бұрын

I don't think you'll like it...

@jijitters

Жыл бұрын

I can relate to this. Sometimes it's hard to sit and watch without being uncomfortable because they're all so cruel and it's terrifying to observe this level of realism. At this point I'm only still watching because it has become so important to find out how it ends, since they are currently airing the final season. I imagine the ending will be quite dramatic!

Informative video! Also Succession HBO series is in my watchlist now. ☝

A Corporate Trustee isn't a company but an executor of the Trust

Stewie is the best character

Who doesn't want to be a rich nobody?

The company is worth 500M-2B? Seriously? Considering how many pies they have their fingers in, I'd imagine they need to add a 0. This is an international media conglomerate, not a well-ish know lawn furniture manufacturer

@tahasinameen3422

Жыл бұрын

Hell no! The company is worth atleast 40 billion.

@tahasinameen3422

Жыл бұрын

As far as i can remember the 2 billion is the value of the shares that each of the children own.

@nicholasgreenwood8281

Жыл бұрын

@@tahasinameen3422 oh ok gotcha, thanks

@pmp1337

Жыл бұрын

@@tahasinameen3422 Give or take. SPOILERS: Because Logan wanted to buy out Kendall's shares for 2B. But that would be over market price at the time. But I believe that 2B was what each got in the end withe th Gojo deal.

I was lost by minute 4...

Much better than business or law deals in suits or billions that’s just filled with very stupid sports metaphors. That’s why I like industry. They don’t mess about the actual finance side of the show for their audience

Started watching this show a few days ago wtf the timing

I do like how they talk in succession. In private the kids don't talk professional and highly educated. They act like people who know they got a lot of money.

It really shows wealth can make family divided. Normal working class families actually have more genuine bonds with other members

@Doge_Of_Wallstreet

Жыл бұрын

I heard stories about brothers trying to kill each other over something as little as a house. Things can turn nasty even over small sums of cash. Greed for money is the root of all evil.

@TESkyrimizer

Жыл бұрын

​@@Doge_Of_Wallstreet preach. Live laugh love as corny as it is is the key to life. As long as you are warm and full and in good company you have no reason to feel unhappy. (assuming no mental issues)

@MegaCevapcic

Жыл бұрын

@@Doge_Of_Wallstreet Despite what a movie might have said, greed is always bad. Greed and envy that follows it are the root of all evil in my opinion as well.

@Talonidas7403

Жыл бұрын

@@Doge_Of_Wallstreet In the coast of my country there are many stories of sons hiring assassins to kill their dad so they can get the inheritance

Those dbs only gave me 5% off just now. Granted its a good wallet and even full price would be great but...

Weird that you sight that it’s the Murdock that the series is based on, considering that the children don’t really give a crap who takes over and there is very little infighting.

@pjpredhomme7699

Жыл бұрын

Huh - Murdochs two sons do not get along - he broke up his empire between news and entertainment. James took the entertainment part - and Lochlan has the news. It was a Huge deal - that is still having ramifications today. For instance all the regional fox sports channels - were paired off from the entertainment division and sold to an entity bally sports - created by Sinclair - that has since gone bankrupt - and has caused a lot of upheaval in the industry. That all occured because James saw what Fox news was doing to promote Trump - and wanted no part of it. No idea where you get your information from - ( probably faux news ) that would completely make sense. BTW Faux news is being sued- for libel by Dominion voting systems for all the disinformation they broadcast about election fraud - it was totally untrue -and the court documents prove that Faux knew it all along - they stand to lose at least $ 2.7 billion in damages - and the jury may very well award punitive damages considering how egregious the fraud was. That trial begins next week in Delaware - I am sure James feels quite content in not having any part of that fiasco and substantial loss of $.

I assumed the tech company angle was about news corp buying myspace, not vice media.

Great analysis as always. Would love to see a breakdown of the show ‘billions’ at some point

Hey How Money Works, is there something you could do about all the “I invest with so-and-so and they make me so much money” that appear in your comment sections? I feel like they are scams rather than genuine comments to your videos.

It *sounds* like the host is saying “Secession” instead of “Succession,” or am I hearing things?

Please do one video on how to avoid political risk using such structures , specifically expropriation of your business in third world countries I know you did one other on the Pandora papers but please focus on avoiding expropriation and whether acquiring a loan from more stable and influential regions would and can keep such moves being done by third world despots

I’m in that series!

Everyone wants to go public until they realize that the company becomes controlled by the public.

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

@markfreund8904

Жыл бұрын

All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses.

@jamesalbert9621

Жыл бұрын

That is true, you need an expert trader to make good profit from cryptocurrency trade

@jamesalbert9621

Жыл бұрын

And this is the perfect time to invest in cryptocurrency because of the rise in cryptocurrency.

@mayaharper4380

Жыл бұрын

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.

@Harry-tc2fy

Жыл бұрын

​@@mayaharper4380 How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.

Ah yes, amazing show indeed - "what's that? we need private funding? here's my buddy stewie, the only private equity guy in the world" Bravo Mylod 👏 how does he do it? 🤯

I was so hoping you would use the family guy scene.

I for one thought he was gonna give all his money to his second wife, that's why the kids started to fight

Bro really called "Succession" as "Secession" lmao

@TheMongolianCandidate

Жыл бұрын

13:08 Yep, Secession is a great show that I definitely recommend.

@poppop-sp5xe

Жыл бұрын

In 5:15 mark, it was described how money works to find out how the business deals in Secession actually work.

@WinstonRoosevelt

Жыл бұрын

Don't forget, Secession is an HBO TV Series that focuses on the problematic family relationships of the Roy family patriarch Logan Roy and his four children: Kendall, Shiv, Roman, and Connor.

@TheMongolianCandidate

Жыл бұрын

I’m glad im not the only one that noticed that this show is caled Secession,

I don't understand why were those kids were sad at the end lol? Didn't they get rich after the company was sold? Now the can build their own thing if they want. And they were dying to become ceo of a company which they have not even created smh.

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways

@EvanQuiel4

Жыл бұрын

Well to me the greatest lesson of 2022 in the stock market: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

@logisticsdelivery

Жыл бұрын

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

@victorcardi2019

Жыл бұрын

@@logisticsdelivery Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

@palmpay1855

Жыл бұрын

@@victorcardi2019 The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Susan Lorraine Curry.. my Investment-Adviser.

@idwtgymn

Жыл бұрын

Just don't do anything someone in a KZread comment tells you to do.

Your visa card is so cute

Murders and Executions, my favorite topic :)

It's a closed loop system

@BK-uf6xm

Жыл бұрын

it's both closed and open

technically it's similar to Murdoch family but after the finale( and overall)murdoch family is probably way smarter than this family:d it's more like writers want that ending in real life but..

The trust owns 36% of a ~50 billion company. Not sure where you are getting the idea that the family's share is worth $500 billion to $2 billion?

@danielsgattoni6393

Жыл бұрын

For each family member on the trust - not in total. Right now in season 4, I think each siblings share is 2 billion. When you add their 6 bil to the other beneficiaries of the family trust, it seems it could easily add up to a 36% stake.

It is hard to find such an obscene amount of backstabbing in a family over money even mildly entertaining. If anything this is an object lesson in how generational wealth produces weakness in every capacity possible. This happens in any family in a smaller scale.

it's succession, not secession

I that margin call, is what happened to Oprah Winfrey with her television channel?

10:43 - “because of 4 20” - what does that mean, please? 🤓

Good Job, I'm first nah!

I guess I’ll never know but I’d be like Connor and just enjoy my amazing credit score with no limit cards with a huge savings vote on bullshit here and there. I’d be fine with 2 billion net worth

Rip Logan

Is the same writing team behind Peep Show responsible for this?

Being ultra rich seems to be as hard as to be ultra poor. Keeping in the middle works for me goood.

@factorfitness3713

7 ай бұрын

Being ultra rich allows you to decide what's important to you, but doesn't stop fully stop you from making dumb choices. Very much not the same.

You said 4520 not 5420

L to the OG

What's the name of the show?

@poppop-sp5xe

Жыл бұрын

Secession.