Risley
Strategic Concepts & Mechanics
Primary Evidence
"One night, when he was about eighteen, Michael was ripping around Chester with friends in a sports car when he blew by an RCMP cruiser, which then gave chase. Michael outran the cruiser by speeding home and quickly pulling into their barn and closing the door. Then, in the night silence, his father appeared out of the treeline. “Did you turn off the car?” Risley asked his son. “Did you get the lights off?” “He was totally game... It certainly infected my enthusiasm for life,” Michael said. “I realized when people would come over, they just were not used to his energy. It was exciting. And frankly, I don’t know if we realized how charmed our life was.”"
"Michael proceeded to train with several acting teachers. He landed new roles and eventually secured the lead in Revolution #9. At the film’s Toronto premiere, he was watching from near the back of the theatre when, toward the end of the movie, as his character is mentally spiralling, an entire row of his family rose from their seats and left the theatre. He was stunned and confused. However there was good reason for their sudden departure. They’d followed Risley, who’d hurried from the theatre struggling to breathe before collapsing in the lobby. After the movie ended, Michael found his father on a stretcher, being attended to by paramedics and hooked to an IV. Initially the family thought he’d had a heart attack. Later that night, back at their hotel, Risley explained—in Michael’s telling of the story—why he’d struggled: “I couldn’t stand watching Michael go through that. It was just too powerful.”"
"David Himmelman, meanwhile, was clearly skeptical of the argument that planes, yachts, and fishing lodges qualify as business development tools. He once asked Risley how much it cost to run a jet for a year. Risley’s reply: “I don’t want to know because I’m not getting rid of it.”"
"Cable & Wireless’s offer of US $ 3.1 billion was $ 1 billion above Digicel’s—thus easily ruling Digicel out—and $ 175 million richer than Liberty Global’s offer. Cable & Wireless’s proposal was enticing—a premium of 12.5 times forecasted EBITDA for the next year. Risley wanted to accept but Paddick felt he could milk a few more drops from Cable & Wireless’s new CEO. He called Bentley on a Saturday and though he didn’t name the second-place bidder, offered enough clues to identify it as Liberty Global. Bentley would have expected Paddick and Risley to choose Liberty Global if it came down to a close contest, given that Malone was a Columbus shareholder. So Paddick told Bentley he had to sweeten Cable & Wireless’s offer. It was a bold play: Paddick claimed he needed space between Cable & Wireless and Liberty Global even though Cable & Wireless was already the highest bidder—by nearly $ 200 million."