HTC CEO refuses to quit as executive pay is slashed in half

When HTC posted its worst-ever earnings last quarter as profit plummeted a shocking 98%, all eyes turned to chief executive Peter Chou. “If HTC fails one more time, then they’ll be under pressure to replace the CEO,” one industry watcher said. As the company’s struggles continue, The Wall Street Journal spoke to CEO Peter Chou about his future with the company, and he insisted he is still the right man for the job. ”I know you guys want to ask, will I quit,” Chou said. “There are a lot of rumors that say I would quit, but I never said that. I’m not going to find another job.” Separately, the Journal did some digging through HTC’s newly filed annual report and found that pay for the company’s top executives has been slashed in half.

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This article was originally published on BGR.com