Linked by Thom Holwerda on Fri 13th Oct 2017 09:38 UTC

Kwon Oh-hyun, Samsung Electronics' CEO, vice chairman, and the head of its hugely successful components business, has announced his resignation. He will step down from the CEO role, as well as his positions on the board and as CEO of Samsung Display, in March 2018.

"It is something I had been thinking long and hard about for quite some time. It has not been an easy decision, but I feel I can no longer put it off," Kwon said in a letter sent to employees. "As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry."

The unnamed "crisis" in Kwon's letter no doubt includes the imprisonment of Lee Jae-yong, the de facto leader of the entire Samsung group, on corruption charges. While Lee didn't take a hands-on role in Samsung Electronics' regular business, Kwon's resignation is the first sign that the scandal could have a major impact on the company's operations and culture.

South Korea are a bunch of amateurs. Everybody knows real freedom-loving countries legalise corruption and rebrand it as Lobbying™ so that companies like Apple, Google, and others can legally bribe politicians and buy political favours without fear of being imprisoned.

Get with the program, South Korea.

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There seems to be a limit after all
by benoitb on Fri 13th Oct 2017 12:33 UTC
Member since:

Corruption used to be and still is commonplace in Korea.

The difference is that their president managed to somehow reach a critical point of no return in outrage.

Who knows, maybe Trump will manage the feat of triggering a similar reaction in his country.

Reply Score: 4

darknexus Member since:

Note that I didn’t say who I would want to win. We have the worst now. How about getting the best to replace him!

Great idea! Never would have thought of that. Now, where do we find the best? Oh yeah, right, doing honest work and not playing politics. Hmm, back to square one...
On a side note, it is amusing when people act like Trump is the only president who has ever committed illegal acts. I hate to break the news to you all but, this stuff you see going on now is only the blatant version of what's been going on for the past fifty years or more. Quite a show, isn't it?

Reply Score: 6

leech Member since:

Thank goodness I'm an anarchist and believe they're all shitheels.

Reply Score: 0

kurkosdr Member since:

Thank goodness I'm an anarchist and believe they're all shitheels.

What is your difference with Randroids and Anarchocapitalists again?

Or do you really believe anarchy won't lead to gangs becoming defacto local governments, with feudalism the end result?

How does your utopian anarchist society cope with gangs acting as a form of defacto police force, military, courts and legislature in neighborhoods, accountable only to themselves?

I prefer regulated capitalism with democratic elections, so each nation gets the government it deserves.

PS: In the parts of Somalia not controlled by the government, I see that the local population are self-organizing against the gangs just great (not).

Edited 2017-10-13 23:54 UTC

Reply Score: 4