Monday, April 14, 2008

Samsung boss 'may quit' due to allegations


While rumour should not be the basis for decision making, it is good to see the head of an asian company considering his responsibilities and taking action.

Onésimo Alvarez-Moro

See article:
Samsung Group chairman Lee Kun-hee said Friday that he will consider structural and management changes -- including his own position -- over a corruption scandal that has rocked South Korea's biggest industrial conglomerate.

"I will deeply think about reshuffling the corporate management structure and the management lineup, including myself," Lee told reporters after a second round of questioning by an independent counsel probing allegations of bribery and other wrongdoing.

Asked if that meant he would resign, Lee said he "will think about it."

The independent counsel, sanctioned by South Korea's National Assembly and former president, began its probe in January. Investigators have until April 23 to collect evidence.

See full Article.