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Dr. An Wang designated that his son to run the company when he (Dr. Wang) died. His son was a terrible businessman, and quickly drove the company into the gro
by cbm-vic-20 7y ago
Dr. An Wang designated that his son to run the company when he (Dr. Wang) died. His son was a terrible businessman, and quickly drove the company into the ground. This was right around the time that most other computer companies in the 495 and 128 belts around Boston died off, as speculators moved on to the California/SV gold rush.
- wenc 7y agoWikipedia has the story https://en.wikipedia.org/wiki/Wang_Laboratories#Decline_and_fall https://en.wikipedia.org/wiki/Wang_Laboratories#Decline_and_...
- howard941 7y agoThanks. Had a handy link to a site with an image of the veritable 2200 http://wang2200.org/ http://wang2200.org/
- adriantam 7y agoPassing on the business to sons and daughters is the habit of the East Asia, as well as the reason for businesses to fail. I am from Hong Kong and we keep laughing at a handful of local banks of staying in the 1960s for this reason. Similarly in Japan, but they find a brilliant way to work around this tradition: Business owners adopt adults as sons so that they can pass on the company to the right hands.