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Compact case
Case
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Reference no. IMD-7-1666
Published by: International Institute for Management Development (IMD)
Originally published in: 2015
Version: 30.10.2015
Length: 4 pages
Data source: Published sources

Abstract

Wang Wenyin, founder and chairman of the Amer International Group, was born to farmer parents in 1968 in a small village in China's eastern Anhui Province. After finishing university, he worked for a state-owned petrochemical company in Shanghai, but what he really wanted was to have his own business. In 1994, Wang started a power cord business which by 2014 had grown to be one of the world's biggest copper players, ranking No 295 on Fortune’s Global 500 list. He relied soley on his own talent strategy, soliciting the world’s top talent across the copper value chain. In fact, he was a staunch believer that passing one's business on to one's children was the surest way to kill a business. None of his relatives owned any equity in Amer and if they worked in the company, they received 30 percent less salary than non-family employees.
Locations:
Size:
15,000 employees
Other setting(s):
1994-2014

About

Abstract

Wang Wenyin, founder and chairman of the Amer International Group, was born to farmer parents in 1968 in a small village in China's eastern Anhui Province. After finishing university, he worked for a state-owned petrochemical company in Shanghai, but what he really wanted was to have his own business. In 1994, Wang started a power cord business which by 2014 had grown to be one of the world's biggest copper players, ranking No 295 on Fortune’s Global 500 list. He relied soley on his own talent strategy, soliciting the world’s top talent across the copper value chain. In fact, he was a staunch believer that passing one's business on to one's children was the surest way to kill a business. None of his relatives owned any equity in Amer and if they worked in the company, they received 30 percent less salary than non-family employees.

Settings

Locations:
Size:
15,000 employees
Other setting(s):
1994-2014

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