Brother Long and Brother Hu of Wang Yongqing's family.

Wang Yongzai is five years younger than his brother Wang Yongqing. He is the former vice chairman of Formosa Plastics Group and the longest business partner with Wang Yongqing. The media often use the words "perfect combination" and "complement each other" when evaluating the cooperation experience of two people for decades. According to a magazine article, Wang Yongqing and Wang Yongzai's brothers moved away quietly. Since his youth, Wang Yongqing has been responsible for planning career development direction, and his younger brother Wang Yongzai is responsible for implementation and execution.

In the eyes of the old employees of Formosa Plastics, my brother Wang Yongqing plays the role of "looking up", thinking and planning the next development direction of Formosa Plastics Group, while my brother Wang Yongzai is the "bowing head", pushing Formosa Plastics to a higher stage step by step. Wang Yongqing established the system and Wang Yongzai implemented the details. The tacit understanding and trust between them is even more valuable. Wang Yongqing made a decision and Wang Yongzai obeyed it 100%. Wang Yongzai has absolute autonomy in the implementation process, and his brother Wang Yongqing is fully authorized. A reporter once asked Wang Yongzai if they had ever quarreled. Wang Yongzai said politely, "When he talked about him, I turned and walked away."

In life, as a billionaire, Wang Yongqing is also very strict with himself and his family, always pursuing "frugality and simplicity" and stressing "rationalization" in everything. It is said that Wang Yongqing's diet principle is "simple", and his favorite food is home-cooked braised pork rice; The principle of wearing is "neatness", and a pair of sports shoes will always be worn for several years. My younger brother, Wang Yongzai, is a happy-go-lucky person. He takes everything in stride and advances and retreats freely.

In recent years, some European economists have suddenly become interested in family business, and many well-known universities have set up special studios to deconstruct and study all aspects of family business. In order to find out what fascinates economists so much, Newsweek specially commissioned Thompson Financial Consulting to conduct a comprehensive investigation and analysis of European family businesses. In a powerful database, Thompson's analysts found the answer: what interests economists is the unexpected development and growth of large family businesses in recent years. From the comprehensive data, in the stock markets of France, Germany, Italy, Spain, Switzerland and England, the overall trend of the family business sector in the past 10 year was stronger than that of the enterprise sector without blood relationship.

Some experts pointed out that starting from the modern management system, the company should have an independent board of directors, a board of supervisors and a management organization system, but many family businesses rub the three together. Many people criticize that this situation may harm the interests of minority shareholders and easily breed internal corruption, while some people in the economic circles believe that the absolute control of the family over the enterprise is not only harmless, but also conducive to the long-term development of the enterprise. Milstein, a lawyer who specializes in providing management consulting for enterprises, believes that in those companies where family members occupy the board of directors and management seats, even if there are serious differences, family businesses can quickly reach a consensus, because family businesses have something that ordinary enterprises do not have: the common desire to safeguard family unity and wealth.

Perhaps this brotherhood and unity within the family are the driving force for Formosa Plastics Group's sustained and rapid development with the family business as its brand.