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BenQ CEO offers to quit, told to stay

BenQ CEO offers to quit, told to stay
Donald Melanson
Donald Melanson|@donmelanson|March 20, 2007 6:22 PM
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.
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