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

Published Jun 21st, 2013 3:25PM EDT
HTC CEO Interview

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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.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.