Frans van Houten (Philips)

Frans van Houten, chief executive officer of Royal Philips Electronics NV, reacts during a news conference at the company's headquarters in Amsterdam, Netherlands, on Monday, April 18, 2011. Royal Philips Electronics NV will cede control of its 80 year-old television unit to an Asian contract manufacturer, joining European conglomerates including Siemens AG to scale back consumer electronics as prices decline. Photographer: Jock Fistick/Bloomberg *** Local Caption *** Frans van Houten Bloomberg