Business Week magazine portrayed him in a dragon robe and called him "Software's Tough Guy" and a "Record-breaker" at the same time.
In fact, Charles Wang (
The Chairman and Chief Executive Officer of Computer Associates has never smoked and doesn't like to waste his time on music, either.
Nor does he entertain the notion of retiring from his work like his good friend Stan Shih (
"I love my work," Wang said yesterday, adding that his philosophy of work is "you have to be first and right." That's why he was nicknamed "The king of mergers."
The short cut to becoming the top dog in developing countries is to pay the highest price for a company, thus saving the cost of research and development.
Wang's latest record-breaking action was the US$4 billion purchase of Sterling Software Inc on Feb. 14.
But Wang modified his strategy in Asia, where lower prices are possible but workers are highly experienced. There's also a tangle of government regulations to worry about as well. Wang said, "It's better to joint venture."
Born in China, Wang knew well that "China is different, so we joint venture with the government," he said.
Wang was born in Shanghai in 1944 and moved to the US with his family in 1952. He earned a Bachelor's of Science degree in mathematics from Queens College and began his computer career at Columbia University's Riverside Research Institute as a programming trainee when Microsoft's Bill Gates was still in junior high school.
Wang also serves on the boards of several public, private and philanthropic organizations.
When asked once why he didn't go into politics, Wang replied, "I can't be President of the United States because I wasn't born here. And I can't be President of China because I don't speak Chinese well enough."
But he might make a go of it in Italy. Richard A. Grasso, Chiarman of New York Stock Market, has always joked: "Charles, you are too Italian."
With a Shanghai accent, Wang said, "It's not a fair world."
Wang is a supporter of the "Make-A-Wish Foundation" and the "National Center for Missing and Explioted Children," whose national headquarters bears his name.
He also established "The Smile Train," an unprecedented medical and technology initiative dedicated to helping children throughout the world with cleft lips, palates and other facial deformities.
When "The Smile Train" launched in China last week, former US President George Bush said he and Wang were both grandfathers.
Wang corrected Bush immediately, saying that he was not, indeed, a grandfather.
But while Wang, at age 55, may not be old enough yet to play with grandsons and granddaughters, he does have fun playing with 18,000 employees in more than 100 countries.
Fortune magazine has named his company one of "America's Most Admired Companies" and a "Best Company to work for in America."
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
CHIP DUTIES: TSMC said it voiced its concerns to Washington about tariffs, telling the US commerce department that it wants ‘fair treatment’ to protect its competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated robust business prospects for this year as strong artificial intelligence (AI) chip demand from Nvidia Corp and other customers would absorb the impacts of US tariffs. “The impact of tariffs would be indirect, as the custom tax is the importers’ responsibility, not the exporters,” TSMC chairman and chief executive officer C.C. Wei (魏哲家) said at the chipmaker’s annual shareholders’ meeting in Hsinchu City. TSMC’s business could be affected if people become reluctant to buy electronics due to inflated prices, Wei said. In addition, the chipmaker has voiced its concern to the US Department of Commerce