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Glass king for charitable donation out 3 8 billion net worth chart - Mobile Phone LCD Panel by weqfwer rgetfg





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Glass king for charitable donation out 3 8 billion net worth chart - Mobile Phone LCD Panel by
Article Posted: 08/02/2011
Article Views: 119
Articles Written: 1394
Word Count: 601
Article Votes: 0
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Glass king for charitable donation out 3 8 billion net worth chart - Mobile Phone LCD Panel


 
Business,Business News,Business Opportunities
[HC Gift Crafts Network] Last year, the world's richest Bill? Gates, Warren? Buffett donated their own property, many domestic entrepreneurs to follow suit, but often lead to a questioning voice, accused of putting on a show, and even the cover of darkness for the business. Not long ago, another Volvo?? China Glass King, Fuyao Chairman Cao Dewang vowed to donate most of the individual assets, good deeds, he would be subjected to question it?

60% of the stock the family name has been questioned Endowment

In February this year, Cao Dewang disclosed, will name 70% of the Cao family's stock (worth about 3.8 billion) donated to the Foundation. March 5 Fuyao announcement shows that originally proposed by Cao Dewang 70% of the donation figure has shrunk to 60%.

Entrepreneurs had donated the shares naked news is not uncommon, the founder of a well-known enterprises to his name on the creation of a foundation, but after it was discovered that the original commitment for charitable foundations now being mortgaged to Morgan Stanley, for the loans.

Writer: "You are not doing capital operation, through this foundation, you can use to share into a vault?"

Caode Wang: "I did not donate overhauled, it is the people who need help the money, subject to public supervision."

Not to trust stock to the public sector Cao Dewang not

To build this charitable organizations, as early as a year ago Caode Wang Fujian, the law firm on the commission and the local banks operating programs, However, these programs involve a fundamental issue for Cao Dewang very dissatisfied.

Writer: "What do the framework?"

Caode Wang: "protect my frame, and now I do this a framework that does not protect me."

Writer: "where is the difference?"

Caode Wang: "I do trust that person, the Shares Trust to trust, and equity is still not inside my pocket to donate to."

Caode Wang believes that this donation is in public. "I did not want to protect, put the money donated to the (charitable) organizations."

Author: "There is no middle commission?"

Caode Wang: "no. I do to transfer ownership to you (the Foundation)."

Pay all of the assets control of the donor get family support

For the avoidance of doubt, Cao Dewang drawn up by a donation program, to hand over full control of the asset to avoid Foundation, unclear property rights. Cao Dewang a total of three children, one son Cao Hui, daughter, Yan-Ping Cao Fuyao are directors of the company, Cao Dewang donated to this huge amount of wealth, his children can support this plan? In this regard, Cao Hui, general manager of Fuyao Glass Co Ltd, said: "I strongly support the practice of his father."

Caode Wang told the author that, in the program before the formal announcement, he did not and three children, any one of the in-depth discussions to seek the views of their children.

Author: "Most parents want to accumulate wealth to pass down the next generation. Your contributions now, not only have your shares, the shares are Cao Hui, considering you do for them?"

Caode Wang: "back to society should not be any room for a bit. He knows that something is not his future to avoid a dispute with the Foundation. So you do not misunderstand, I do not have any commercial purpose."

I am an expert from mobiletelephonebatteries.com, while we provides the quality product, such as Mobile Phone LCD Panel , China Mobile Cases Covers, LG Mobile Battery,and more.

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