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With his investment in 3G technology bleeding red ink, Li Ka-shing makes sure he pays his lieutenants well to keep it afloat.
Is it better to work for a boss who's doing well or one who's in trouble? When it comes to Li Ka-shing, it is definitely the latter.
So Li ploughed on, putting more and more of Hutchinson's money into the venture. As of end-2007, Hutchinson had invested around US$25 billion in it, and not got a single cent in return.
Before the global economy started to melt down, July 2 had already signalled the last day of normalcy for the 5,000 or so employees of the listed Polaris Securities, Taiwan's second-largest brokerage by market value.
That morning, many who worked in the Taipei headquarters greeted their chairman, Wayne Pai Wen-cheng, when the 55-year-old self-made multimillionaire came into the office. A half dozen or so key staff held the regular weekly meeting with Pai, who appeared "very subdued and depressed", according to one of them in a later interview. By evening, Pai would kill himself by jumping off the high bridge of a remote island resort.
The man whose laughter preceded him wherever he went could hardly squeeze out a smile as he went to his office. In the staff meeting, Pai "went through the motions" of listening to reports. He then stood up, took out three sealed envelopes, gave them to a trusted lieutenant, and left. Frantic efforts to contact him failed – Pai had switched off his mobile phone, something he had never done outside of a plane.
The Taiwanese PC maker deals its way to No. 3 with its latest acquisition – and strikes back at its mainland rival’s aggressive expansionist tactics.
It's dangerous to open your mouth at the World Economic Forum, as Lenovo Chairman Yang Yuanqing has probably found out to his regret.
Yahoo! co-founder Jerry Yang has returned to helm the company which may be headed for a merger with Microsoft.
Will Jerry Yang do a Steve Jobs? Will he sell his company to Microsoft and end up running the biggest software company on earth?
Will the Taiwanese keep their friendship with Michael Dell or will he have to turn to Korea?
In late March, a middle aged, slightly pudgy man with curly hair and a sheepish smile turned up quietly in Taiwan. His name: Michael Dell.