Gemstar-TV Guide Intl. last Friday terminated the employment of Henry C. Yuen and Elsie Ma Leung.
Yuen had resigned as the CEO and Leung had resigned as chief financial officer as part of a November 2002 management and corporate governance restructuring. However, the two had employment agreements and remained as employees of the company until Friday.
As a result of the termination, Yuen no longer serves as a member of the board of directors; Leung’s board term will expire at the company’s annual meeting, scheduled for May 20.