Charles Wang

Charles B. Wang (Chinese: 王嘉廉; pinyin: Wáng Jiālián; August 19, 1944 – October 21, 2018) was a Chinese-American billionaire, businessman, and philanthropist, who was a co-founder and CEO of Computer Associates International, Inc. (later renamed CA Technologies).

In January 2022, the new UBS Arena in Belmont, home of the New York Islanders, raised a plaque to honor Wang for all his work and dedication to the team.

Wang earned a Bachelor of Science degree from Queens College and began his computer career at Columbia University's Riverside Research Institute.

Wang and his business partner Russell Artzt established Computer Associates in 1976, guiding the company toward its current standing as one of the largest ISVs in the world.

One year later, Computer Associates became the first enterprise software company to provide multi-platform products, foreshadowing its ongoing emphasis on compatibility and integration.

Wang's tenure as CEO of Computer Associates was marked by rapid growth, frequently as a result of strict hiring practices and high expectations for executives of acquired companies.

Tony held the position until his retirement in 1992 to make way for Sanjay Kumar, who joined the company via its 1987 surprising acquisition of archrival Uccel Corporation.

Responding to criticism over his so-called "paternalistic" management style, Wang had argued that the investment community punished Computer Associate's stock price because of his refusal to override his sense of familial loyalty to avoid the appearance of nepotism.

In 2000, a class-action lawsuit accused Wang, then president Kumar and co-founder Artzt of wrongly reporting more than $2.5 billion in revenue in its 1997, 1998, 1999 and 2000 fiscal (April through March) years in order to artificially inflate the stock price.

The benchmark was met in 1998, and the three executives combined received nearly $1 billion in Computer Associates stock with Wang himself netting $700 million; he had already been the highest paid CEO in the U.S. for the prior four years.

He later purchased the share of business partner Sanjay Kumar in 2004, and acquired the original Iowa Barnstormers Arena Football League franchise, moving them to Long Island and renaming them the New York Dragons.

This series of personnel moves, combined with Wang's approval of long-term contracts for Alexei Yashin and goaltender Rick DiPietro several years later, inspired a critical reaction from hockey journalists.

The project was deemed to be too large by Town of Hempstead Supervisor Kate Murray, who made a counter-proposal that was about half the size of what Wang had originally intended.

Wang balked at Murray's proposal, and decided to try to finance the building of a new arena for the Islanders with public funds, rather than paying for it himself as part of the Lighthouse Project.

[10] In August 2014, the NHL announced that Wang had agreed to sell "a substantial minority interest in the team" to a group of investors, including Jon Ledecky and Scott D. Malkin.

As the co-founder and chairman of Smile Train in 1999, Wang gave a $30 million initial gift to cover all administrative expenses and henceforth remained active in the charity's efforts to help children with cleft lip and palates, in more than 80 countries.

[23] Wang's Cove Neck mansion on the Gold Coast of Long Island is located near Sagamore Hill, President Theodore Roosevelt's home.