The press had a field day reporting on Old Mr. Wen's press conference, where he publicly announced the dismissal of Wen Haowen from his corporate duties at Wen Corporation, as well as the forced rescinding of his shares. More important was the announcement that he was cutting off all father-son ties with Wen Haowen and casting him out of the Wen Family.
On the second day, Old Mr. Wen held a shareholders' meeting at the Wen Corporation. He appointed Secretary Cao as CEO, to be in charge of managing the entire company. Meanwhile, he didn't make any mention of the fact that Wen Xinya was acting Chairman, implying that she would continue the responsibilities in this position.
The media and upper society were all stunned over his decisions.