Hon Hai to give employees the chance to be bosses: Terry Gou
Central News Agency
2014-02-14 11:13 PM
Taipei, Feb. 14 (CNA) The chairman of Hon Hai Precision Industry Co., the world's largest contract electronics maker, said on Friday when asked about his successor that he may end up with more than one. "I want Hon Hai employees to have a chance to be a boss," Gou said Friday at Hon Hai's New Taipei headquarters during a celebration held by the company to formally kick off work after the Lunar New Year holiday. The 63-year-old tycoon said he has pondered the succession question for three years and felt the best answer was to build a platform and change the company's structure so that every worker will have an opportunity to have their own business and own shares.

In the future, Hon Hai will let three to five subsidiaries become independent companies each year, with Hon Hai supporting their operations initially by feeding them orders, Gou said. After three years, however, Hon Hai's orders will fall to less than 50 percent of the companies' total orders, encouraging them to try to become the top company in the world in their field. Gou's concept is for Hon Hai to serve as a "platform" for an entity resembling a confederation -- a "Hon Hai fleet joined together" to take on global markets, he said.

The confederation will be backed by Hon Hai's "world-class" manufacturing capabilities in various fields including machinery, molds, photovoltaics, batteries, materials, cloud computing, online networks, and software, Gou said. As for his own role, Gou said he will gradually reduce his influence in the company by spending more time on health care and philanthropic endeavors. In a separate initiative, Gou said Hon Hai will launch a program called "Dream of Being Rich Comes True," with the aim of encouraging young people to start their own businesses. Hon Hai, which he said is strong in sample design and patent protection, will offer any young person who plans to start a new business help in design and developing molds free of charge, Gou pledged. All of Hon Hai's top executives attended the Friday back-to-work ceremony, including former Chunghwa Telecom Chairman Lu Shyue-ching, who did not join the Hon Hai team until after the Lunar New Year holiday.

Lu's presence has been widely considered as the last missing part of Hon Hai's ambitious move into the so-called "eight screens, one network and one cloud" sector. The eight screens refer to smartphones, tablets, notebooks, LED screens, all-in-one desktops, portable televisions, smart TVs, and electronic whiteboards. (By Jalen Chung and Elizabeth Hsu)

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