Thailand: MCOT executives resign en masse. Check it out:
(Thai Press Reports Via Thomson Dialog NewsEdge) Section: Corporate News - The Board of Directors of MCOT Public Company Limited (MCOT Plc), Thailand's leading broadcast media, announced their resignation en masse Tuesday to take responsibility for the September 19 incident, the company's board chairman announced Tuesday.
MCOT's media sway effectively includes television channel 9, 62 radio stations and the Thai News Agency.
A state enterprise 'privatised' two years ago, MCOT remained about 65 per cent owned by the Thai government through the Ministry of Finance.
MCOT President Mingkwan Sangsuwan and the board of the privatised but still state-owned media organisation decided to leave.
The resignation will take effect Wednesday.
In a statement read by MCOT board chairman Rawat Chamchalerm, all 11 members of the board of directors agreed unanimously to resign together to show responsibility for the "September 19 incident".
MCOT's Modernine television (TV 9) was the only station that aired the speech by then Prime Minister Thaksin Shinawatra from New York where he was attending the United Nations General Assembly.
In the statement relayed from New York, former premier Thaksin attempted to declare a state of emergency in Bangkok and tried to dismiss Army commander General Sonthi Boonyaratkalin.
Mr. Thaksin said he was ordering the transfer of the nation's army chief to work in the prime minister's office, effectively suspending him from his military duties, but the speech was abruptly interrupted during transmission.
The military Council for Democratic Reform under Constitutional Monarchy (CDRM) led by Gen. Sonthi and other armed forces commanders later staged a bloodless coup d'etat to overthrow the caretaker government then under the control of Mr. Thaksin.
Copyright 2006 Thai Press Reports
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