More updates on the Proton CEO issue. Tengku Mahaleel’s contract was not renewed because he did not agree to the new two-year contract the board presented them with.
He felt the terms was inferior to the ones he had presently.
Dr Mahathir:
Apparently there was no willingness to consider (Tengku) Mahaleel’s views so he refused to sign and the board decided not to renew his contract.
He also said Tengku Mahaleel’s ability to run Proton was cramped after he had been demoted to ordinary director whereas the chairmanship of these subsidiaries were assumed by the chairman of the holding company, Datuk Azlan Hashim.
Hmm… give him terms he would not agree to so they could get Mahaleel to effectively kick himself out of the board so they would not have to do it themselves. The oldest trick in the book!
Source: Bernama, The Edge Daily
After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
precisely. that way it seems, 'officially', that mahaleel to the step to bow out. mahathir's insisting on the reality of the situation, and i wonder who mahathir will shoot down this time 'by implication'.
Pathetic. I'd like to see TM ejected due to valid reasons. This is not healthy.
Proton shouldn't blame its failure on TM alone. =.=''
politics!
So long fella, see you down the river……so is it?
my olfactory organ is detecting the scent of plenty of bovine excrement on this issue!
What else is new? GLC what!
I think its time he went anyways. Having lived in the UK for a while, Proton is and will continue to be a joke unless much needed change takes place. A foreign CEO ? Well, if thats what it takes. Where he is from is not an issue, what he or she can do is.