Acer slashes bonuses, salaries & staff over $150m inventory “abnormalities”

Bad news if you were hoping for a nice Christmas present from Acer chairman and CEO J.T. Wang. The exec is forgoing a salary for his role as director and, indeed, waiving his 2010 bonus, as part of an attempt to make up for a $ 150m write-off over “high channel inventory and disputed accounts receivable in EMEA.” The company hasn’t detailed exactly what issues have been uncovered, simply describing it as “abnormalities in terms of channel inventory stored in freight

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