12.01.2008 02:20 Uhr, Quelle: Engadget

Bang & Olufsen CEO gets the boot for falling sales, profits

Filed under: Home Entertainment That Bang & Olufsen management team is sure a vindictive bunch. A teensy little 37% drop in profits this year, plummeting sales and a tanking stock price and CEO Torben Sorensen is out on the street. The firing of Sorensen leaves what some are calling "a managerial vacuum in the company," but Bang & Olufsen is trying to regroup as fast as possible after the hits it's received in the luxury tech industry. B&O is planning on regrouping to its "core business" of audio and video products, and we'll see if that can give them the kick in the

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