Yu, Minhong, asthe presidentof New Oriental English school, his mostsuccessfulworkis he managed to control the training group and make it enter with a great flourish.
The U.S.-listed New Oriental is such an entity and its VIE, or the operation company in China, was originally owned by the CEO Yu Minhong and ten other shareholders.
Listed on the New York stock exchange since 2006, its founder Michael Yu (also known as Yu Minhong), became a multi-millionaire on the back of his blend of rote learning exercises, stand-up comedy and motivational speeches.