BenQ CEO offers to quit, told to stay

by Donald Melanson, posted Mar 20th 2007 at 6:22PM

BenQ has certainly seen more than a few problems as of late, recently catching some heat for a tasteless ad campaign, not to mention running into a whole mess of trouble with its short-lived mobile phone subsidiary. Now, Infoworld is reporting that the financial losses caused by those latter problems have prompted BenQ CEO K.Y. Lee to offer his resignation. The company's board of directors appears to be having none of that, however, with them instead demanding that Lee stay in his job and try to turn BenQ's problematic situation around. The board also looks to be trying to get to the bottom of just how much the failed acquisition of Siemens's mobile division actually cost the company, with them set to form a task force to review and report on all losses related to the acquisition.

Filed under: Cellphones

Tags: benq, benq mobile, BenqMobile, ceo, k.y. lee, K.y.Lee

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Reader Comments (Page 1 of 1)

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Captain Obvious @ Mar 20th 2007 6:44PM

Ha! I wonder if his nickname is Jel, as in K.Y. (Jel) Lee.

Neutral

joe @ Mar 20th 2007 6:46PM

with severance packages that ceo's get, they can't afford to let him go.

Neutral

yummy @ Mar 21st 2007 1:14AM

might have more to do with the insider trading deal

http://www.taipeitimes.com/News/editorials/archives/2007/03/19/2003352962

Neutral

Silvio @ Mar 30th 2007 3:43PM

That doesn't make any sense. The man wanted to resign and if he resigns he's not entitled to severance packages.

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