Samsung boss commences complicated succession plans

Samsung's ailing chairman has started handing over responsibility for some of the company's key assets to his son, in what looks to be part of a complicated succession process. The 73-year-old Lee Kun-hee has not fully recovered after suffering a heart attack in May last year. His son, Lee Jae-yong, is understood to have …

[Mark 85]

Will history strike again?

From what we have seen in the past history of handing off companies and even countries from father to son, this may very well doom Samsung to the dustbin.

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Re: Will history strike again?

Samsung I'd like to introduce you to Wang Laboratories.

[Anonymous Coward]

yeah, family ownership never works...

(except for Wal-Mart, Ford, BMW, Hilton Hotels, Peugeot, Bechtel Group, Sears, Mars Inc, Heineken, Bertelsmann, Hormel Foods, Hershey, Kohler, Levi-Strauss, Hallmark, Cargill, etc)

[asdf]

>On Friday, it was announced Lee Jae-yong had inherited the chairmanship of two charitable bodies and investment vehicles from his father: Samsung Life Public Welfare Foundation and the Samsung Foundation of Culture.

>"A key point in the succession process is controlling the foundations, because they hold stakes in key Samsung Group companies,"

>the foundations are a significant part of Samsung's shareholding structure that binds together its 74 businesses.

Corporate structuring Gangnam style.

[SmellyOdour]

I have seven dodgy pixels

Wonder if Lee could pop over some time soon to replace the panel.