Bang & Olufsen sacks CEO after profit downgrade

Danish luxury stereo and television maker Bang & Olufsen on Thursday sacked Chief Executive Torben Sorensen after the company shed more than a quarter of its market value on Wednesday amid a steep drop in profits.

The company said the board of directors wanted to refocus on B&O's core business of quality audio and video products.

More from News.com on this story's topics

Earnings

Create an email alert | RSS feed

TVs

Create an email alert | RSS feed

See more CNET content tagged:
television company, CEO, TV

advertisement
RSS Feeds
Add headlines from CNET News.com to your homepage or feedreader.
Google
Yahoo
MSN
More feeds available in our RSS feed index.
Today's Top Stories
Early player leaves as Facebook goes corporate
RIM unveils BlackBerry Bold/BlackBerry 9000
HelioVolt claims CIGS solar efficiency mark
Virtual worlds for pre-schoolers? They're here
Powerset brings the Semantic Web to Wikipedia
Most Popular Stories
Google to launch Friend Connect for the social Web
FBI probe nets counterfeit Chinese networking parts
Stolen Mac helps nab burglary suspects
A modest proposal to fix Dell's customer service
Did you get infected? Virus runs amok amid JavaOne
Markets

Market news, charts, SEC filings, and more

Related quotes

Dow Jones Industrials (-0.94%) -120.90 12,745.88
S&P 500 (-0.67%) -9.40 1,388.28
NASDAQ (-0.23%) -5.72 2,445.52
CNET TECH (-0.64%) -11.13 1,724.28
  Symbol Lookup
Update your drivers with Version Tracker Pro
Learn more about Version Tracker Pro

advertisement
Click Here
On TechRepublic: Top 5 operating systems you never used
Advanced
search
Advanced
search
Visit other CNET Networks sites: