BenQ demotes CEO after refusing his resignation in March

As if you needed any more proof that BenQ is in heap big trouble, the latest mini-episode in this tragic soap opera has landed K.Y. Lee out of his spot as CEO over BenQ Corp, AU Optronics and the newly formed Qisda. He's sticking around as chairman -- and to catch the heat for the ongoing financial troubles and insider trading scandal -- but he's being "reshuffled" out of the top job at the company, which he tried to ditch in March when things were really looking rough. The insider stock trading case is set to hit the courts in the next few weeks, and while BenQ is still denying any wrongdoing on the part of its executives, things aren't really looking up for K.Y. Lee and his executive buddies... no matter how much restructuring they do.

[therpham Posted Jul 2nd 2007 1:41PM]

Insert bad prison joke here, somehow tying in the fact that Mr. Lee shares initials with a certain product that might make his experience less painful.

[Bort Simpson Posted Jul 2nd 2007 1:59PM]

In a related news, former Enron executive Mr. Ah So was placed in charge of the newly vacated managerial duties. Mr. K Y Lee will be working under Mr. So to assist him go through the motions smoothly.

[(Unverified) Posted Jul 2nd 2007 2:01PM]

Now he is just BenCEO.

[(Unverified) Posted Jul 2nd 2007 2:15PM]

Is this why BenQ monitors are so cheap? maybe not haha

[froggy Posted Jul 2nd 2007 2:28PM]

no, this is just why BenQ monitors are so bad. :D

[(Unverified) Posted Jul 2nd 2007 4:28PM]

Maybe someone needs to write the "writing on the wall" in Chinese so Mr. Chairman can really understand...