Shi Xuanhui, the eldest son of the Chinese entrepreneur who challenged the world and the founder of Acer Group . With the redistribution of power on Acer's board of directors in June, he has been stuck in the core of power.
He has dreamed of being a pilot and a racer since he was a child, but he never thought of being a successor; now he shouts: It’s a fool to have a dad!
Shi Xuanhui is the core of power: having a father is not a fool
Shi Xuanhui (Chinese) and his parents Shi Zhenrong and Ye Zihua
79-year-old founder of Acer Group, Shi Zhenrong, is regarded as the "godfather of the Chinese business world"; this famous senior in the IT industry, Liu Chuanzhi highly praised him, and his book preaching has also influenced IT leaders including Liu Chuanzhi, Lei Jun and others.
In order to recreate Acer, Shi Zhenrong came out three times, and his personality charm also infected many competitors in the industry, such as the industry giants such as Asus Group Chairman Shi Chongtang . Even though Shi Chongtang left Acer and joined Asus, he still regarded his old boss Shi Zhenrong as his spiritual mentor.
The foundation of the company must be passed on one baton after another. More people pay attention to: In the post-Shi Zhenrong era, who will be Acer's successor in the future?
Son inherits his father's business, which is a tradition of wealth inheritance in the Chinese world. As Shi Xuanhui, the eldest son of Shi Zhenrong, is 47 years old this year. He is currently the director of Acer and the chairman of Acer Information and Zhilian Services. He naturally bears the attention and expectations of the outside world.
Shi Xuanhui once joked on his personal Facebook: "It's a fool to have a dad in , but the key is how to use resources. "
This statement suddenly triggered too many Lenovo , "If you want to bring a crown, you must bear the weight." After Acer held a shareholders' meeting in Longtan Hope Park in Taoyuan County on June 12, it re-elected 7 directors, including 4 independent directors. In addition to Hongrong Investment's legal representative and Shi Xuanhui, who is also Shi Zhenrong's eldest son, continues to serve as directors. The other two directors are founder Shi Zhenrong and Acer Chairman Chen Junsheng. At this point, Acer Group's 9 "little golden chickens" - AnGe Information, Zhilian Service, ZhanGe International, Acer Information Service, Antusi Technology, CoolGe Technology, Taiwan Hybot, Acer Zhixin, Acer Zhitong, and Sch Xuanhui has taken over two of them, and the core of the power of the card is strong.
Shi Zhenrong, Shi Xuanhui, Ye Zihua (from left)
Shi Zhenrong was born on December 18, 1941 in Changhua County, Taiwan, China. His ancestral home is Fujian Quanzhou .
According to the Shishi Daily 12 years ago, Shi Zhenrong once said that his ancestral home was in Quanzhou, but he could not find the exact address. After visiting, his hometown may be Xicen Village, Yongning Town, Shishi City, and a descendant of Xicen Shi's surname who moved to Taiwan.
In the 1990s, the "Qiaoyuan" magazine reported: "Shi Zhenrong's father and grandfather jointly operate a factory and store for making incense. The store is called Shi Meiyuxiang Shop, which originated from Jinjiang County, Fujian Province, mainland China. It is the same ancestor as Shi Jinyuxiang Shop and Shi Jinyuxiang Shop, which are famous in Fujian. Shi Jinyuxiang Shop came to Taiwan in 1815 and was founded in Lugang by Shi Guangji, a native of Jinjiang, Fujian..." In the Xicen Shi family ancestral temple, Shi's surname was engraved with couplets, and the words "guang" and "zhen" are both generations, five generations apart. The old Xicen Shi family genealogy records the name of Shi Guangjiu. Therefore, the Shi people in Xicen Village believe that: "Shi Guangjiu should be the founder of the Shi Zhenrong family in Taiwan."
Shi Zhenrong, in his childhood, suffered from poor family and hardships. He graduated from the Institute of Electronic Factory of National Jiaotong University in 1971. After obtaining a master's degree, he worked as an engineer at Huanyu Electronics Rongtai Electronics. In 1976, he founded Duoji International Company and later changed his name to Jujiji Group. He has been awarded the honorary titles of "Taiwan's Top Ten Outstanding Youths in 1976", Taiwan's youth model for entrepreneurial, and the first world's top ten outstanding youth.
In 1981, Shi Zhenrong produced his own computer brand computer and became a popular product in the market. In 1989, Shi Zhenrong was selected by FORTUNE as one of the "Twenty-five people you must know when doing business with Asia".In 1992, he was awarded the honorary doctorate of the University of Jiaotong University in Taiwan, and was elected as one of the "15 most entrepreneurs in the world who can create the times" by World Managers in 1995. The following year, he was selected as one of the 25 best corporate presidents by Business Weekly.
htmlFor more than 0 years, Shi Zhenrong has never regarded himself as a boss and always thinks he is an entrepreneur. Of course, this is also considered by his personal interests. He believes that decision makers think of their boss, and their subordinates will do things according to their faces, but in an era of rapid changes in information, if everyone cannot be responsible for themselves, they will take action only by looking at the boss's faces all day long. The development direction is easily misled and their work efficiency will also be reduced. It is also because of this that Shi Zhenrong uses "human nature is good" as his corporate culture.
Acer Chairman Chen Junsheng
After Shi Zhenrong retired to the second line, Acer has handed over the current chairman Chen Junsheng and has achieved remarkable results. It is undoubtedly true that he successfully handed over the shift. To put it more seriously, Chen Junsheng's dual transformation strategy leading Acer will be left in history.
Acer has been innovating and seeking change over the years and has given birth to many small Acer. These "little golden chickens" (subsidiaries) are also manifestations of the diversification of Acer Group. For example, "AnGe Information", which is now chairman of Shi Xuanhui and engaged in information and Internet services, was also under the helm of Shi Xuanhui, and was launched in November last year, engaged in computer equipment installation. In addition, there are also "Smart Services" of Acer, which is engaged in 3C products, are all good results of Acer Chairman Chen Junsheng taking over and promoting the company's transformation in the past six years. On his 78th birthday on December 18 last year, the founder of
, Shi Zhenrong proposed the core policy of "family business governance guidelines". The Shi Zhenrong family, which swore to hold 6% to 7% of Acer's equity, fully supported professional managers and moved towards sustainable business, and emphasized that the management rights of Acer Group are still decided by the board of directors.
In June this year, founder Shi Zhenrong brought Chairman Chen Junsheng to the stage. Obviously, he was satisfied with his career successor, professional manager Chen Junsheng and the team he led. He emphasized: " I carefully recommend Jason (Chen Junsheng), who will take on Acer's major role in the next 10 years for more than 10 years. "
Chen Junsheng is a person Shi Zhenrong poached from outside. Born in 1961, he served as Intelda for 14 years. This former Intel global vice president and one of the fastest-promoted executives of this international industry giant. In 2008, Chen Junsheng joined Zhang Zhongmou and served as Vice President of Global Sales and Marketing at TSMC.
Before Chen Junsheng, there were three people at the helm of Acer, the world's second largest personal computer manufacturer, namely Shi Zhenrong, Wang Zhentang and Huang Shaohua.
, known as the "Godfather of Chinese Entrepreneurship", is known as the "Godfather of Chinese Entrepreneurship". His business motto is 12 words: "Create value, balance of interests, and sustainable management." In fact, he also used this thinking concept to Acer's intergenerational inheritance, and at the level of corporate governance, he is more inclined to be a professional manager.
Ange Information Chairman Shi Xuanhui (2nd left)
Shi Zhenrong and his wife have two sons and one daughter, the eldest son Shi Xuanhui and the second son Shi Xuanlin.
The youngest son Shi Xuanlin set up his own business in 2004 and created Zhilin Sports Marketing. This company mainly focuses on marketing sports brands such as baseball, racing, and golf.
In the enterprise, Shi Zhenrong emphasized "balance of interests", and also pursued the sharing of interests for the distribution of family wealth, and shared the same amount of rain and dew. His wife Ye Zihua is a "big shopkeeper" who holds finances at home. The family's equity is not only divided by children, but also given stocks a few years ago even the newly born grandson.
The eldest son Shi Xuanhui is a "mathematics prodigy". He was asked to recite the "Nine-Nine Multiplication Table" at the age of 9, but it is not just like "one, two, and two", but requires that a program be written to export the answer. However, his dream since childhood was to be a pilot or a racer. After obtaining a doctorate in the United States, he once stayed in the United States to work, and later returned to Taiwan to teach, including starting a business by himself, but he never thought of becoming Acer's successor.
Shi Xuanhui did not participate in Acer's global personal computer market war, and he was not willing to take over. His father Shi Zhenrong was also waiting quietly.It was not until 2011 that Acer deployed the Internet service "BOYC Cloud" and entered the cloud technology. Shi Zhenrong took the opportunity to invite his 38-year-old son Shi Xuanhui to join in, and the father and son joined forces to fight the world.
In 2019, when AnGe Information and Zhilian Services were IPOed, Shi Xuanhui laughed and said that he had "incubated in his stomach for a long time", becoming the chairman of these two listed companies, and entering the board of directors of Acer for the first time. Although he was not the successor of his father, he had also entered the core level of decision-making. In addition, in Acer's diversified transformation layout, Chen Junsheng led Acer's third "little golden chicken" by the outside world, and was also named chairman of Shi Xuanhui.
Under the highest instruction of his father Shi Zhenrong's "operating rights are decided by the board of directors", whether Shi Xuanhui will "take over the baton" in the future and become Acer's successor after Chen Junsheng will remain to be observed later. "Help the horse and give it a ride", and help your son to the throne of chairman and director of the group's company. Will Chen Junsheng, the current chairman of Acer, play the role of "sending it a ride" for the prince?
also mentioned that Shi Xuanhui also serves as the director of Acer's other "little golden rooster". In Acer's board of directors and supervisors, except for Chen Junsheng and Shi's family, most of the rest are people who have connections with the Shi family. Many people admired: I have to admire Shi Zhenrong’s ten-year succession layout, and every step is very clever!
Watch the century-old enterprise Datong The chaotic battle in operating rights, Shi Zhenrong felt in his heart
Datong shareholders' meeting, dispatched a black-clothed picket team to maintain order
Hatong shareholders' meeting on June 30 this year, all kinds of out-of-order chaos caused by the competition for operating rights occurred at the meeting, which was "shocking". The company even sent a black-clothed picket team to maintain order. Public opinion said that the "630 Datong Incident" was the darkest day in the history of securities on Taiwan's island, which directly brought the capital market and corporate governance back to the jungle era.
Datong Company is a century-old enterprise and a microcosm of Taiwan's family business. In 2006, after Lin Tingsheng, the second helmsman of Datong Group, passed away, the rifts and grievances between the family brothers and sisters finally broke out. In the past 14 years, at least five climaxes have occurred in the battle for management rights.
Old ancestors said, "We are rich for three generations", it is difficult to start a business, keep a business, and it is even more difficult to pass on. The ancient saying says: "Be consistent and seek change", we must operate continuously and have a long-lasting foundation. Bosses should pay attention to corporate governance and management, but also definitely pay attention to succession layout.
Due to constant internal struggle, even if you hold huge land development rights, Datong's operating performance has been deteriorating in recent years.
listed company Datong was re-elected on June 30 to 9 directors (including 3 independent directors). Chairman Lin Guowenyan took advantage of her home court advantage and even dispatched a black-clothed picket team to maintain order. At the meeting, she quoted the provisions of the "Enterprise Mergers and Acquisitions Law" to eliminate the market's majority voting rights, including all director seats, and maintain the operating rights. Ten directors nominated by the Market Sect, led by Wang Guangxiang, chairman of "Three Circles Construction", were wiped out.
Of course, this matter has not been settled. The regulatory authorities require Datong to explain it to the outside world. The Stock Exchange also quoted relevant laws and regulations to list Datong as a full delivery stock. The Insurance Center subsequently decided to file a lawsuit against Datong Chairman Lin Guowenyan.
Sanyuan Construction Chairman Wang Guangxiang
In addition to the above inheritance issues, this "630 Datong incident" also lies in the dispersion of equity, which now seems to be difficult to deal with. In fact, equity structure is also one of the problems in the inheritance system.
Datong Chairman Lin Guowenyan defeated the market faction headed by Sanyuan Construction Chairman Wang Guangxiang with "9:0" this time. Her exaggerated behaviors have also been described by outsiders as "a sloppy step". Later, after the exchange recognized that the stock was fully delivered, the stock price fell to the limit.
Lin Guo Wenyan was re-elected at the shareholders' meeting, citing the Enterprise Merger and Acquisition Law, the "Cross-Strait People's Relations Regulations", etc., and directly used 8 foreign investors and 27 shareholders to be "co-acquisitioners" of Datong, and removed the voting rights and suffrage rights of shareholders who hold 53% of the shares.
Latest news, the "Commercial Department" under the Taiwan Economic Department officially announced on July 9 that it would not allow change of registration for directors of Datong Company. In other words, Lin Guo Wenyan's re-elected director was rejected.In addition, the insurance center also decided to file a lawsuit for the dismissal of Lin Guo Wenyan.
From this point of view, Datong's business rights competition is expected to turn around; at present, female chairman Lin Guowenyan holds only 0.6% of the shares. Whether a shareholders' meeting will be held to be re-elected is yet to be further observed. (Note: At the time of press release on July 16, Datong Company stated that it had not received an official letter from the Ministry of Economic Affairs.)
Datong Chairman Lin Guowenyan
Datong second helmsman Lin Tingsheng, Lin Tingsheng, died in May 2006 at the age of 87. Lin Tingsheng has two major careers (i.e. Datong and Huaying, a subsidiary of Datong Group), and also has two wives, with many children, and the succession situation is quite complicated.
Datong Group, a subsidiary of Lin Tingsheng family, has a very large asset scale and is also a real consortium in Taiwan. In addition to land, it has also transformed from the home appliance industry to the electronics industry, such as the "China Screening" familiar to many mainland people. Lin Ting gave birth to a second wife, and the eldest wife Lin Chen Xiuluan had two sons, the eldest son Lin Ulsan and the second son Lin Ulton. The second wife, Liu Jin, was originally Lin Tingsheng's personal secretary. She has been in love with her side room over time. She has three sons: Lin Zhenhua, Lin Zhenyuan, and her third son Lin Zhenhong.
For a long time, the old chairman Lin Tingsheng has planned the rule of "Datong belongs to the big house, Huaying belongs to the second house" in terms of property inheritance, but the relationship between the two houses has always been dissatisfied.
Datong Chairman Lin Guowenyan is the wife of the eldest son of Lin Ulsan. Because the eldest son of the eldest son of Lin Weidong founded Fuding Tender, and the eldest son of Lin Ulsan is not good and gentle by nature, his wife, the old chairman of Lin Tingsheng, is the eldest son of Lin Tingsheng, the eldest son of Lin Tingsheng, the eldest daughter of the eldest son of Lin Tingsheng, actually controls Datong Company. By the way, Lin Zhenyuan, the second son of the second wife, was once the chairman of Huaying, and was later taken over by his younger brother Lin Zhenhong. In 2008, Lin Zhenhong suddenly resigned as chairman and general manager of Huaying without warning, and replaced him with the eldest son of the eldest son of the housekeeper Lin Ulsan.
However, the only remaining fruits are Datong. Huaying, which was founded for 48 years, ended its panel career with the announcement of bankruptcy in September 2019, before it was the global leader of Color CRT. In 1997, Huaying invested and established a factory in Scotland. When Lin Tingsheng and Lin Zhenyuan and his son attended the event, Queen Elizabeth II of England visited to cut the ribbon, and the scenery was unlimited.
Lin Guo Wenyan is a strong woman. In 2005, her eldest son Lin Jianwen committed suicide. Her younger brother-in-law Lin Zhenyuan once revealed and scolded: "This woman was under house arrest and was seriously ill in bed. She did not allow other brothers to see her father. She also replaced the seven vice presidents in Huaying!" On the day of Lin Jianwen's funeral, she performed a full martial arts show in front of reporters. Later, in anger, Lin Zhenyuan sold his personal Datong and Huaying stocks and cut them completely with his sister-in-law.
Looking back, internal strife is also a major cause of the dispersion of Datong's equity.
Acer founder and chairman of Zhirong Foundation Shi Zhenrong is in Yangming University's
. By the way, recently, the sixth-generation successor of Shi Meiyu Mingxiang, the 95-year-old old man Shi Qiyi was selected as a model father in Lugang this year and is also the "model father" with the highest age of 23 winners in the town.
From the perspective of clan generation, Acer founder Shi Zhenrong is also a descendant of the Shi family. He should be called "Four Uncle" of the old man Shi Qiyi, and the 91-year-old man Shi Yangruyu is called "Four Aunt". Shi Zhenrong's ancestors came to Taiwan from Quanzhou and also made incense making. So far, the family has passed on this craft for more than 100 years.
630 Datong incident, Shi Zhenrong, who watched the game at the shareholders' meeting, was also shocked and should have some feelings. He said that the biggest problem in Taiwan is that many companies have problems, "It's just to delay and become everyone losers!"
Shi Zhenrong believes that there are all kinds of struggles for business rights. The most fatal thing in Taiwan is a cultural issue. Entrepreneurs must be open-minded and cannot die, and their ideas must also be changed. He said that in terms of corporate governance in a kingly spirit, operators should stand on the shareholder’s standpoint and take care of the interests of all interested parties and shareholders, especially listed companies. Shareholders and investors play an important role, treat the interests of small shareholders as the interests of operators. Altruism is the best self-interest , which is most beneficial to major shareholders.
Corporate governance does not talk about laws, but about culture and values. Shi Zhenrong said that if the operator considers personal interests but forgets the interests of shareholders, it is easy to cause deviations.
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