Although the share price of Formosa Plastics Group 16 fell sharply, the performance of the seven-member group since it took over the baton and the guidance of another founder, Wang Yongzai, will not lead to a fault in the operation of Formosa Plastics Group. However, what is more worrying is the follow-up problems such as property division, which are common in large families, and whether Wang Wenyang, who "ran away", will return to the family.
In April 2002, Formosa Plastics first set up a "five-member decision-making group" under the General Management Office. In 2003, it joined Wang Ruihua and became a "six-member decision-making group", including Wang Wenyuan, Wang Ruihua, Wang Wenchao, Yang Zhaolin, Wu Qinren and Li Zhi Village. Until the Formosa Plastics Shareholders' Meeting in June 2006, the "seven-member decision-making group" was formally formed after Wang Ruiyu joined.
At the age of 90, Wang Yongqing officially announced the handover of the baton, and the "seven-member decision-making group" assumed the heavy responsibility of the group's operation. At the same time, his younger brother Wang Yongzai and his eldest son Wang Wenyuan were appointed as the president of the group's administrative center, and Wang Yongqing's daughter Wang Ruihua served as the vice president. Wang Yongqing, then the chairman of Formosa Plastics, and Wang Yongzai, the vice chairman, officially announced the handover, and then successively withdrew from the board of directors of relevant enterprises, and formally handed over the company's operation to an administrative center composed of seven people, including Wang Wenyuan and Wang Ruihua.
According to the handover plan of Formosa Plastics Group, the administrative center is composed of seven people, including Wang Wenyuan, Wang Ruihua, Wang Wenchao, Wang Ruiyu, Yang Zhaolin, Li Zhi Village and Wu Qinren. The president and vice president are respectively appointed by Wang Wenyuan and Wang Ruihua, and meetings are held at least 1 times a month. Before the important decisions of the related enterprises of the Group are sent to the board of directors, they must be discussed and finalized by the administrative center before being sent to the board of directors.
Wang Wenyuan said that in order to achieve the enterprise's sustainable operation, the founders should be practical and realistic, and under a sound system, the most suitable professional managers trained in the enterprise will be the top leaders of each company in the future operation. The overall development planning of the enterprise and the decision of major policies and investment cases will be appointed by the top leaders of the four major companies in the enterprise, the top professional managers of the general management office, and two founders, and the administrative center consisting of seven people with rich practical experience.
As for the feeling of taking over, Wang Wenyuan emphasized at that time that Formosa Plastics Group has cultivated excellent talents and technology and established a perfect management system in its operation since its establishment, and the members of the administrative center also have several 10 years of operating experience. Coupled with the guidance of the founder, he expected himself to establish a rational environment including people, things and things, and believed Formosa Plastics would continue to operate in the future.
However, Wang Yongqing's death will inevitably lead to investors' panic. In addition, the shares of Formosa Plastics Group 16 suffered a heavy fall when Taiwan shares fell. In addition, will Wang Wenyang return to the family? It is also another focus of external attention.
Lv Anni breaks the planning succession layout.
Wang Wenyang, the eldest son, and Wang Wenxiang, the second son, who used to be the happiest in the eyes of Taiwan Province people and grew up with a golden spoon and owned the property of Wang Yongqing, the richest man in Taiwan Province, were completely eliminated from the succession layout of Formosa Plastics Group, which left some sighs for the world, and also made people see Wang Yongqing's insistence on the institutionalization of business management, as well as his clear stance on children's love and hate and dividing lines.
1995 may be an important key year to change the succession layout of Formosa Plastics Group, and the person who really changed the succession layout was rumored to be Lu Anni. Wang Wenyang was originally regarded as the group's successor by Wang Yongqing. 1995, when Wang was a professor at National Taiwan University and National Chengda University, there was a love affair between teachers and students, which caused an uproar. Even the scandal between Wang Wenyang and Lv Anni, a female student at National Taiwan University, made it into the media and spread within the group. Wang Yongqing was furious and asked Wang Wenyang to choose a family and give up Lv Anni.
Unexpectedly, Wang Wenyang flatly refused his father Wang Yongqing's request and left Formosa Plastics to open up new markets in the mainland. However, in 2007, Wang Wenyang returned to Taiwan Province's political and business circle. First, because his father was 90 years old, he went back to Taiwan Province to increase the friendship between father and son. Second, he wanted to come back to Taiwan to contribute his care and advice to Taiwan Province, and provided suggestions in many aspects, including environmental protection, energy and health care. Although Wang Wenyang hopes to make some efforts, he still can't erase the established fact of "Wang Yongqing's son", which also makes it difficult for him to get out of his father's shadow and keep an independent individual.
Especially in the same year, it was reported that Chen Jingwen, his wife who had been married to Wang Wenyang for 32 years, was suffering from stomach cancer. The sympathy of all walks of life for Chen Jingwen made Wang Wenyang and Lv Anni bring up the old case again, until Chen Jingwen died of stomach cancer in June of the same year, and the emotional affair that troubled Wang Wenyang finally spread far and wide.
Wang Yongqing loves his eldest daughter-in-law, Chen Jingwen. During Chen Jingwen's hospitalization due to gastric cancer, she specially took three-bedroom Li Baozhu to visit the hospital. It is said that Wang Yongqing stayed in the ward for 15 minutes, always giving people the image of "man of iron" as a "god of management", and her eyes were red with tears. Wang Yongqing's affection for this daughter-in-law is beyond words. Chen Jingwen was also very moved by her father-in-law's care. She said in an interview with the media that it was her father-in-law and mother-in-law who supported her when Wang Wenyang and Lu Anni happened, which made her want to get through the pain at that time.
Regarding the succession, when Wang Wenyang was on a TV program at the end of last year, he once confessed that "I have never been the successor of Formosa Plastics!" "These are all said by the media", and Lu Anni is not the reason why he left Formosa Plastics. In spite of this, Wang Wenyang's movements are still attracting attention.
Wang Wenxiang, another son of Wang Yongqing, faded out of Taiwan Province and Formosa Plastics Group. I have been to the United States since I was a child, and I am responsible for the business of Formosa Plastics' American factory, keeping a low profile. However, when Wang Wenxiang was 40 years old, he just borrowed money from the bank to buy Formosa Plastics in the United States and was ready to make great achievements. However, he was found to have stage IV nasopharyngeal carcinoma 10 day after signing the contract. After 34 hours of painful chemotherapy, electrotherapy and 5,000 meters jogging every day, his body has recovered, but his outlook on life has changed 180 degrees. His family is his first priority and his career is his first.