TIMEasia.com | Cover: The Son Also Surprises | 3/13/2000
TIMEasia.com | Cover: The Son Also Surprises | 3/13/2000: "Hutchison had a satellite, which it used for its telecommunications operations. Richard realized that it could also handle television transmissions, and that led to a truly visionary idea. He could circumvent the stodgy government monopolies that controlled TV throughout Asia by beaming programs directly to viewers. True, few Asians owned satellite dishes. But Richard realized that entrepreneurs across the continent could buy a dish and fling cables around the neighborhood to satisfy any household that wanted to see The Bold and the Beautiful or Santa Barbara. He persuaded his father to invest $62.5 million and launched Star TV. (Hutchison's total investment in Star would climb to $125 million.) As a 20-something boss, Richard didn't stand on ceremony. On-air glitches prompted famous tirades. Current employees say Richard has mellowed, but he still occasionally berates senior managers in public."

<< Home