Foxconn CEO quits for health reasons
Company vet Calvin Chih will step in as an interim chief executive until the board approves him as a permanent replacement for Chang. Now, Chih will take over Foxconn International, the part of the firm struggling with lower orders from Nokia and RIM, while overall Foxconn gets more orders from Apple.
Does this mean a lot for you as an end-customers? The answer is likely not - Foxconn is a well-oiled machine depending on thousands of Chinese workers making gadgets and it’s famous for its ability to boost capacity by the thousands almost overnight.
We also wish former exec Chang a safe recovery - he was at the head of the plant for less than 7 months, getting a comparatively very modest salary of just short of $120,000.
source: Cellular-news, Bloomberg
1. wendygarett (unregistered)
First they say new iPhone will shame sgs3
Now they quit??
9. p0rkguy (Posts: 683; Member since: 23 Nov 2010)
I remember reading that, is this the same guy that said it?
10. ardent1 (Posts: 1991; Member since: 16 Apr 2011)
wendygarett, please get your facts straight. The person, not the company, responsible for the quote is Terry Gou.
11. daniel_bargs (Posts: 323; Member since: 27 Nov 2010)
Even the CEO is getting sick! Much more are the employees who inhale ammonia and eat arsenic!
4. kg4icg (Posts: 68; Member since: 18 May 2008)
I think it might have been because of mental health reasons.
5. mercorp (Posts: 968; Member since: 28 Jan 2012)
well,I hope that someone with a heart will replace him and give the workers better conditions.
But is his surname gou,not chang?
6. Aeires (unregistered)
Another d-bag CEO that won't be missed. Anyone who runs a company where people regularly commit suicide over working conditions needs to be ashamed.
7. PAPINYC (Posts: 2273; Member since: 30 Jul 2011)
What are you talking about? No has one committed suiCiDe because of any Alleged working conditions; they all committed suiCiDe because the Galaxy S III sold-out and they were forced to use Blackberrys.
8. intos (Posts: 86; Member since: 06 Jan 2012)
a payday for the the ceo has come ? rich and poors the fact is all the people we have a same end... some people in the earth they have realize that ...