Cyrus Y. Tsui served as the CEO of Lattice Semiconductor Corporation from 2003 until his departure in 2005. His tenure saw ups and downs, notably including a period when the company faced financial challenges. Tsui's compensation reflected this environment –...
Cyrus Y. Tsui served as the CEO of Lattice Semiconductor Corporation from 2003 until his departure in 2005. His tenure saw ups and downs, notably including a period when the company faced financial challenges. Tsui's compensation reflected this environment – he earned a base salary of over $720,000 in 2005, but did not receive any bonuses or stock grants. In fact, prior to his termination, his overall earnings were significantly impacted by the company's performance. Tsui was placed on paid leave in June 2005, pending an investigation into executive compensation and internal controls, which indicated a challenging backdrop for executives at the company during that time. Ultimately, he was terminated in August 2005. Interesting to note, Tsui held a substantial amount of options in Lattice’s stock, with over 1.8 million options vested in 2003 alone, although he faced restrictions as the company underwent a major transition in leadership. His exit from Lattice came at a time of organizational realignment, making his leadership experience a pivotal point in the company's history, albeit marred by controversy and scrutiny.