Chasing Profits Instead of Market Share

Bloomberg:

Gianfranco Lanci tried to make Acer Inc. the world’s largest laptop maker by outselling Hewlett- Packard Co. The board says he should have set his sights on Apple Inc. and HTC Corp. instead.

The rift led to Lanci quitting yesterday as chief executive officer of the Taiwanese computer maker, Chief Financial Officer Tu Che-min said in an interview today. The company plans to name a new president this month who has experience in mobile devices such as smartphones and tablets, he said.

★ Friday, 1 April 2011