Tuesday, December 9, 2014

The Struggles of Wang Laboratories ©

       I had undying respect for my boss, Au Wang. He was the most impressive man I have ever met, aside from my father. He taught me so much and trusted me to that degree as well. I could not have asked for more. Sadly...Au Wang died of cancer in 1990. From that point on Wang Labs took a turn for the worst in its business of prospects. Despite being executive Vice President of the company at the time Wang's son was appointed successor due Chinese traditions. Investors soon left our company as our stocks began to plummet. The company continued to produce Office Workstations that later would only be able to afford total costs of production and probably no profit in the long run. As the rest of the market steered away from workstations towards PCs you can probably guess where that left Wang Labs... I had endure the hardship of laying off five thousand employees to accommodate for losses towards the company. Just right before Christmas too! Can you believe that? Some people weren't getting presents that year... But anyways I resigned from the company in search for another job.

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