By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – An attorney for former EVA Airways Chairman Chang Kuo-wei downplayed suggestions Saturday that the businessman should return to the airline business and either form a new company or buy an existing one.
Over the past few weeks, Chang lost several board positions within the Evergreen Group, as the result of an alleged campaign against him by the first wife of his father, group founder Chang Yung-fa, who died last January.
The younger Chang, who is the only son of his father’s second wife, proclaimed himself chairman of the group and the sole heir last month, but the move provoked a reported backlash from the first wife and her three sons. Since they own more shares in the Evergreen Group and its affiliates than Chang Kuo-wei, they have succeeded in ousting him from several positions, including that of EVA chairman.
After he also lost membership of the board at giant container shipping line Evergreen Marine Corporation Friday, reports emerged that Chang Kuo-wei would return to the airline business by forming a new competitor to EVA. [FULL STORY]