Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday apologised over controversial succession plans and said he will not hand over management rights to his children at the family-controlled conglomerate.
The 51-year-old Lee expressed regret for the group’s failure to strictly abide by the law and ethics, in his first news conference in five years.
The vice chairman of Samsung Electronics has been embroiled in a bribery scandal involving South Korea’s impeached president and which prosecutors said was aimed at smoothing business succession. “Samsung failed to live up to public expectations. We have caused disappointments and concerns,” the 51-year-old Lee said at a Samsung office in southern Seoul.The Supreme Court in August overturned an appeals court ruling on the bribery case, raising the possibility of a tougher sentence and potential return to jail for the chief of South Korea’s biggest conglomerate.
Some of Samsung Group’s former and current executives have been investigated or convicted in other cases. For example, then-board chairman of Samsung Electronics Co Ltd, Lee Sang-hoon, was jailed in December for sabotaging union activities. He has since resigned and lodged an appeal.“I’m thinking of not passing on management rights to my children. I have been keeping that thought to myself, as I was reluctant to make it public.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Shady Is Nominated For A Webby & We Need Your VoteYour vote sends a powerful message about child labor in the beauty industry.
Lire la suite »
Yes, Beer Companies Are Still Fighting About that Corn Syrup Super Bowl Commercial in CourtAn appeals court judge says the solution to the controversy is for Molson Coors to 'mock Bud Light in return.'
Lire la suite »
Jessica Simpson accuses Vogue of body-shaming her 'for having boobs'; magazine apologizes'To read this much anticipated article about the classiest fashion event there is and have to be shamed by another woman for having boobs in 2020 is nauseating,' Simpson said in her Instagram post Tuesday about Vogue magazine.
Lire la suite »
This Home Workout Builds Both Stability and Strength In Just 15 MinutesA set of dumbbells and a mini band are all you need to help you run faster. Tinman Elite trainer Chris Lee shows you how.
Lire la suite »
Chloë Sevigny Is Officially A Cool MomReps for the new mom kept details to a minimum but confirmed that Sevigny delivered her first child, adding that 'all are happy and healthy.'
Lire la suite »
Uber and Lyft face landmark lawsuit over gig worker classificationCalifornia AG Becerra files lawsuit against Uber and Lyft, alleging that they have evaded state law by declaring their workers to be contractors rather than employees.
Lire la suite »