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Former Sharp CEO sues Foxconn founder over incentive dispute

Jeng-wu Tai, retired vice president of Hon Hai (Foxconn) and ex-CEO of Sharp, has taken legal action against his former employer and Terry Gou, the founder of Hon Hai, over an alleged breach of an incentive agreement. Once a trusted lieutenant of Gou, Tai now seeks legal recourse to address the dispute, which centers on unfulfilled bonus payments tied to Sharp’s performance during Gou’s tenure as Hon Hai’s chairman.