It’s a pretty bold move to take legal action against that which gave life to you. In a move that amounts to a temper tantrum from a spoiled child, belly-up BenQ Mobile is suing once-parent BenQ for $36 million. The money is said to have been approved by BenQ to pay executive bonuses, just before BenQ just pulled the cash-plug.
This is the third lawsuit filed by BenQ Mobile against BenQ since July, all relating to BenQ Mobile’s demand for more cash. Apparently, when a parent cuts off a troubled child, they still have legal recourse to get more money. Maybe BenQ Mobile should have actually worked to pay its bills. And, maybe it shouldn’t have squandered all their money paying their top-level execs.
In the end, BenQ Mobile is bankrupt, so making good on their accounts payable seems like a “good faith” move – which we completely agree with. However, suing to get funds to pay executive bonuses seems a bit silly. The company went belly-up, that’s certainly nothing to reward management for. Maybe they’re “successfully bankrupting a company”-bonuses. Or, wait, they must be “insider trading and money laundering“-bonuses. Yea, that‘s the ticket!
[Via: PCWorld]