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.
©2007 CNET Networks, Inc. All rights reserved. CNET , CNET.com , and the CNET logo are registered trademarks of CNET Networks, Inc. Used by permission.
