Samsung Chairman Steps Down

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Last week Samsung’s chairman was charged with fraud. Kun-Hee was not arrested at the time because authorities said it would be devastating to the company. Well, today Samsung’s chairman decided it would be best for the company if he stepped down. No word on whether or not he will be arrested now that he is no longer with the company.

The televised announcement by Lee Kun-hee, 66, who has achieved almost heroic status in South Korea for his role in the fortunes of Samsung, came as a shock even in a society long used to its top businessmen being hauled into court.
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Unfair treatment, just because he is a CEO he can avoid getting arrested?!

Someone is pulling some political strings :rolleyes:
 
Seems SK is just taking a page from the "Dummies Guide to U.S. Politics". No big surprise there. Joe Schmoe commits a crime, lock him in jail and throw away the key, if you're a CEO of some corporation, you get to pass Go and still collect your $200.

Good thing I got my Sammy SH-S203B when I did ;). $5 says he's getting arrested now that he's out of there - the "devastating to the company" issue out of the way and all.
 
Samsung is one of the largest companies in Korea so it would hurt the Korean economy to hurt Samsung, same thing happens in every country. It might not be justice, but it might be what is best for the country.
 
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