Winston Wang may be Taiwan's Ross Perot
By David Young, The China Post
October 1, 2007, 12:00 am TWN
TAIPEI, Taiwan -- Finally, Taiwan may see a Ross Perot.
He is none other than the unanointed heir to Wang Yung-ching, founder and chief executive officer of the Formosa Plastics group.
Winston Wang, holder of a University College London Ph.D. degree in chemical engineering, is planning to announce candidacy for president on October 10, Taiwan's Double Tenth National Day.
The decision is not final, however.
His daughter, Grace, doesn't want to lose her father to politics.
Should she acquiesce, her father, who has become widowed only recently, is more than ready to take on increasingly popular Kuomintang presidential candidate Ma Ying-jeou and his Democratic Progressive Party rival Frank Hsieh.
Why should Winston Wang try to emulate Ross Perot?
For the same reason.
Practically all the people in Taiwan have been fed up with the escalating political turmoil, resulting from the all but cut-throat strife between the ruling party, which is a minority in the Legislative Yuan, and the opposition.
Things are getting worse in Taiwan, with the stagnant economy seeing no light at the end of the tunnel. Unemployment has remained intolerably high. People have lost hope for the future. Many have committed suicide.
Worsening relations between both sides of the Taiwan Strait have hit the economy hard. Taiwan has no way to get out of its current — and long — economic doldrums.
All Winston Wang wants is to get into the saddle and get Taiwan's economy back to its former robust self.
"We have to increase our economic efficiency," Winston told the press yesterday. The current administration and the one that may follow can't do that, unless he himself heads it.
Winston Wang, who heads the Grace T.H.W. group, believes he can get the job done in one year. "I've had a good feasibility study made," he said.
Economic experts and academics took part in the study, which is a blueprint for Taiwan's economic development in the next four years.
Without improvement of cross-strait relations, no development is possible, said Winston, whose group — independent of his father's Formosa Plastics — has its operation center in China.