Dahua Accuses Ex-Dahua US President of "Poor Performance" and "Mismanagement"
Former Dahua North America President Frank Zhang mismanaged the company, with "annual revenues crashed" and failed to get along with other company executives, leading to his termination, Dahua alleges in a recent legal filing.
In this report, IPVM reviews Dahua's comments on Zhang's alleged poor performance leading to his termination in August 2017 and Zhang's position that Dahua's claim is "disingenuous."
Case **********
**** (*****) ***** *** ***** ** Dahua ** **** **** ** ********* of ***** ******** *** ********** ***** on * *****-**** ******** **** ** annual ****** ** $***,***. ***** ******* that *****'* ********* *** $***,*** ***** while *** ******** **** "******* ********* payments" ** $***,*** ***** ***** ******* was * "*********'* *****". *** **********, see:***** **** **-***** ******** *********, **** Legal ****.
Dahua: ***** ********** ***** ***** *******
******** **** ** * ***** ********* ***** ********** ***** ***** *******, causing *** ****** ******* ** "*****":
** ****, ***** *****’* **********, *****’* strong ****** **** ** ** ****** halt. *** ************* ********************, ** *** *******’* ****** ******** crashed *** ****** ** **** ******** revenue ***********, ********* ***** **** ***** helped *******.
***** ****** **** *********** *** **** subpar, **** *** ******* ******* ** reach ******* ***********:
******* *** ***** *** ****** ** 2017, ***** *********** * ******* ********, having *** **** **% ** *** budgeted ****** ******* ** *** *** of ****.
** ****** ****, *** ** ******* traveled ** *** ** **** ***** to **** ***** ** ******* ** install *** ********** ** ***** *** to ********* *****'* **** **** *** position ** *** ***** ******** *********.
Backdoor **** ******
*****'* ***** ****** **** *** ********** **** ******** ********* ** ***** 6, ****. **** ******* * ****** *** the ******* ** ** ******* ******* shipping *** **** **** ***** **** dealers *** ************ **** ********* ***** buying **** *******, ** ***** ** this.
*** **** ******* **** ******** *****'* revenue **** ****** ** ******* *** it *** ******* ******** ** *** company ** ** ****.
Doubled *****
***** ******* '******' ** ***** ***** from **** ** ****, ********* ** a ***** ******** ** *** **** who ***** ** ****.
*** *********** ** *** ******** *** doubling ***** ******** ******* ** ***** USA / ** **** ********* "**% of *** ******** ****** ******* ** end ** ****." ********, ** **** a **** (*** ** ****), *** would **** ** ******** ** ** just **% ** *** '******** ****** revenue' ** **** **** ******* *** target.
Grew **% ** ** ****
** ********, ***** ******* **** ** actually **** ******* **% ** **** same **** ******:
** ******* *** **** *********** ** claims *** ****** ** ********** ** the ******** ** ***** *** *** differences ** ******* *** *******.
Dahua: ***** ****** ** *** **
*** ******* **** ****** **** ***** did *** "*** *****" **** ***** China's ****** **********. *********, ******* **** his "************** ***********", *** *** ********** in *****, ********* **, ******* ** remove *****:
** * ****** ** *****’* ************** performance *** *****’* ******* ** *** into ******** ** *** ***** **** a ****** ** ********’* ****** ********** and *** ***** ****, *** *** management ** ********, ********* **, ******* to ****** ***** **** *** ****.
***** *** *** ******* *** **** details ** *** ***** ****** ** fit ** ** ****** ** *** along **** ***** ****** *******.
High ***** *** ***** **********
***** ********** *** **** ***** *** Zhang, ******* ** *** ***** **** Chairman ** ******* ********** ***** * good ********* *** ****** **** *****'* US ********:
****** ** (“**”), ********’* ********, ********** Zhang * **** ********* ** **** the ** ******** ** ***** *** to *********** **** ** * **** significant **** ** ********.
*** ****, *****'* ***********, *** *********, even ********* **** ***** **** ***** for * ********** ********:
**** ******** **** ***** *** ************* about ********, ********** *** ** ******, and ***** ********** ********* ****** ** Dahua. ** *********** ** ** **** the ******* **** ***** *** * leadership ********.
*****'* $***,*** ****** ****** ********** *** "* ************* ****** ****** **** ***** and ******** **** ********** ** ****** executives, *** ** ****** **** **** comfortable ******* ***** ** ***** **** hopes *** *****," ***** ****.
Zhang's ********: "*********** ********" ************ *********
*****'* ******** ** *** ***** ************* *** ***** **** *****'* *** theory ** *****'* *********** ****** ** "disingenuous":
*****’* ***** ******** ****** **** *****’* performance *** ********* ** ************. ** Dahua *** ******** ************ **** *****’* performance, **** ****** ***** *** ***** have ******* *** * ***** *** $680,000 *** **** *** ** *** way, ******* *** **** *** *** negotiation ** ***.
*****'* **** ********** ***********:
** **** ********** ***** ** ********** by ***** *** *****, ***** ***** pay **** **** **** ****** ******* the ****** ** **** ********** ** set ***** *****... ** *** *** terminated *** ** ******* ******* ** company **********, *** **** **** ** compensated *** *** ******** ** **** employment *** *** ******* *** ********** compensation.
Zhang's ********: ***** "*** ***** ******* **** ******"
** ****, *****'* ******** ****** *** opposite ** *****, **** ***** "*** brought ** ** ***** ** **** them ******* * **** ******" *** "met *** ********* **** *********."
*****'* ******** ***** *** * ******** of *****'* "*********** **** ***********":
************* *** *******’* ***** ******** ******** (growing *** ***** ******** ********’ ********* from ************* ** ** ** *** opening *** *******).
*********** *** ******* ********.
******** *** *******’* ******** *** *** consumer ******.
********** *** ********* ****** *** *********** strategy; *** ******* ** $* ******* intellectual ******** ********* ***** *** ******* had **** ****** ** ********** ****** his ******.
Rare ** **** *** ********* ***********
** ** ******** *** ***** *********, such ** *****, ** **** *** executives *** **** ***********, **** ** they **** *** ******* ** *** terms. *******, ***** *** *** **** sued ***** ** ******* **** **** call * **** ** *** ********* agreement *** **** ** *** ******** on ****** ******* **** ***** ********** the *******, ******* ******** ** *****.
******* ** *******
*** *** ***** ****** ***** ***** were ***** ******** ** ********* **, 2021, ** * **** ** *** appeals ******* ** *** ** ***** Circuit ***** ** *******.**********, ** ******** ****, *** ************* District ***** *** ******* ******* ** Dahua's *****, ******** *** ******* ** rectify *** ****. *******, **** ***** and ***** ******** *** ******** *****'* decision ***** ******** ****.
***** ******** *** ******** *****'* ****** of *********' ****, ***** ** ****** to ** ~$*.* *******. ***** ******** the *****'* ***** ******** *****'* ****** for ******* ******** (*.*. ****** ******** the ******* ** ******* *** ****) and *** ******* *** *** ******* judgment. ** ******** **, ****,*** ******* ***** *********** ***** **** ***** "******* ****** of ****" ** **** ****, ******** the ******** ***** ** ***** ** Dahua. *** **** *** **** ********, or **** **** ** *** ***** court, ** ******* ******* ***********.
Bench ***** ** ********* **
*** **** **** ******* ** * bench ***** ** ********* **, ****, in *** ************* ******** ***** ** be ***********. **** **** **** ******* accordingly.
*****, ** **** ** *****'* ******** were ***** ** ****** ********** ******* of *** "*********" *******. ***** *** really **** * ********* ***** ******* who *** ** ******* ** ***** of ******** *****, ************* ********, ********** trade ****, *** ******** ** *** sales ******* ** *** ******* ** large.
***** ***** ********* **** ******* ****** to ************ ******** *** ****** ***** brand *** ** *** **************. ******** who **** ***** ***** ********* ********. Now *****'* ********** ****. *** *** Frank ******** ** ******* ****** ****? The **** **** ** ******* ** keep *** ***** **** ********* ******* was ****** ** **.
***** ***** ***** ** **** ******** fingers ** *********** ***** ** ***** executive ********* *** ********* ******** * direction ** **** *** ******* **. If **** **** ** **** *** US ****** *** *** ***** ******** market ** * ***** **** **** to ******* ******* *** ********* ** their ****** *** *** *** ******** in *** ****. ** ***, **** need ** *** ***** ****** *** get *** **** *** ** ***** and **** ******* *** ***** ****.
*** *** **** *** ***** **** of **** *** ********* **** ** additional ******* ** "**** ***** * CCP **** ******".
* **** * *** ***** ***** this ***. * ***** **** *********** to **** *** ***** *** *****'* poor *********** *** $***,*** *** ****, with * $***,*** *********.