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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.

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