Acer boss says 'no regrets' as he prepares to retire - again

Jun 06, 2014 by Laura Mannering
Acer's founder Stan Shih speaks during an interview with AFP in New Taipei City on June 5, 2014

It's deja vu for Acer's founder Stan Shih as he prepares to step down again later this month—he retired 10 years ago, but returned to take back the reins of the struggling Taiwanese personal computer maker.

Since his comeback as chairman and interim president late last year—which he always billed as a temporary measure—the company has gone through a painful restructuring, after two top executives quit over the firm's poor performance.

But with Acer swinging back to profit in the first quarter of this year, following three consecutive losses, 69-year-old Shih says he is looking forward, not back.

"I don't like to waste my mind on regret, I don't have time," he told AFP in an interview at Acer headquarters in Taipei, where industry leaders from all over the world are gathered for Computex, Asia's largest tech trade show.

"You have to always look ahead, always be positive. It's your choice, your destiny. You have to enjoy life."

Shih founded Acer in 1976 and built it into the world's second-largest PC maker in its heyday, and one of the best known Taiwanese brands internationally, before retiring in 2004.

But its fortunes have worsened in recent years as sales have been hit by competition from Apple and other rivals, as well as shrinking demand for PCs.

Ahead of Computex, Acer launched its new Build Your Own Cloud (BYOC) service, touting it as the future of cloud computing, whereby individuals can access information stashed online instead of their computer hard drives.

It also revealed a fitness-tracking wristband, its first ever wearable device.

With this new vision Shih has predicted the company will "return to glory" by 2017—still with a clear commitment to its PC-making roots.

Visitors look at the Acer Iconia One 7 tablet at the Computex tech show in Taipei on June 3, 2014

He says there is now a better sense of teamwork and entrepreneurship at Acer, where senior executives took voluntary salary cuts of 30 percent as part of the overhaul.

Sailing into the sunset

"Before I made the decision (to return) it was a headache—my wife didn't agree, but no one accepted my invitation to the chairmanship. I asked many people. We tried every other possible way, but there was no choice," says Shih.

"The main reason I came back was my personal social responsibility, not my investment.

"There are so many shareholders, so many employees and partners under Acer."

The father-of-three and grandfather-of-eight will step down as chairman at a board meeting on June 18, but will remain a board member. Co-founder George Huang will take his place as chairman.

Chip expert Jason Chen became president and CEO in December and Shih's son Maverick heads up the company's BYOC and tablet group.

"I have a new chairman, new CEO, new management team. Of course it's just beginning, but it looks as though everything is shaping up," says Shih.

"I think all our efforts have had a good result—it's too early to claim an achievement, but we're encouraged."

Dancers perform at the launch of Acer's Build Your Own Cloud technology during a press conference in northern Taoyuan on May 29, 2014

And his wife of 43 years, Carolyn Yeh, is also happy despite her initial reservations.

"She supports me and she can see it's (the company) stabilised and turned around gradually," he says, crediting her for looking after his health.

"I get up in the morning and walk with my wife. After dinner we also walk again—10,000 steps together every day.

"It's good for us because we chat a lot when we walk."

Stan Shih, founder of Taiwan's Acer, speaks during the launch of their latest technology Build Your Own Cloud in northern Taoyuan on May 29, 2014

In September the couple will be taking a cruise on the Danube with friends and Shih says he is relishing the prospect of taking his foot off the gas.

"I still have a personal social responsibility, but I won't have any criteria imposed from outside, from my peers, Wall Street, quarterly results. I like to release the psychological pressure," he said.

"At some point, you have to retire."

Explore further: Acer founder Shih set to retire six months after returning to lead reforms

add to favorites email to friend print save as pdf

Related Stories

Taiwan's Acer swings back to profit in Q1

May 08, 2014

Taiwan's struggling personal computer maker Acer said Thursday it had swung back to profit in the first three months to March, ending three consecutive quarterly losses due to better cost and inventory control.

Taiwan's Acer to launch 'smartband' wearable device

May 30, 2014

Taiwan's leading personal computer maker Acer announced Friday that it will debut its first wearable device at the upcoming Computex trade show before shipping the products later this year.

Taiwan's Acer names new CEO after 3Q losses

Dec 23, 2013

Taiwan's struggling personal computer maker Acer Monday named a new chief executive officer following losses of hundreds of millions of dollars in the third quarter.

Founder of Taiwan's Acer returns as chairman

Nov 21, 2013

Taiwan's struggling personal computer maker Acer announced Thursday that it has named its founder Stan Shih as the new chairman and interim corporate president.

Recommended for you

EU Parliament votes to break up Google

Nov 27, 2014

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

Nov 27, 2014

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.