Samsung Chairman To Step Down


	Samsung Chairman To Step Down

Elizabeth Woyke

4-22-2008 10:24 AM

287 views

Elizabeth Woyke says:

Its Vice Chairman and President will follow.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/51297ea8-d0ba-46f5-9152-9f0549e5fc5e/A9CC9AC3-F4A7-4E4A-B1ED-05564A440C0E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=aAU402oGASF0&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aAU402oGASF0&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aAU402oGASF0&refer=home"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.bloomberg.com/img/89035E68-E1C1-49D4-976C-DFB01231799E" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aAU402oGASF0&refer=home"><P>     April 22 (Bloomberg) -- <A href="http://www.bloomberg.com/apps/quote?ticker=SAMZ:KS">Samsung Group</A> Chairman <A href="http://search.bloomberg.com/search?q=Lee+Kun+Hee&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Lee Kun Hee</A>
will step down after being charged with tax evasion and breach of
duty, ending his two-decade reign over South Korea's largest
industrial group.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aAU402oGASF0&refer=home"><P>Vice Chairman <A href="http://search.bloomberg.com/search?q=Lee+Hak+Soo&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Lee Hak Soo</A> and President <A href="http://search.bloomberg.com/search?q=Kim+In+Joo&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Kim In Joo</A> will quit
by the end of June, Samsung said in a statement today. The
strategic planning office that controls group operations will be
dismantled and Samsung may turn into a holding company, it said.
The chairman's son, <A href="http://search.bloomberg.com/search?q=Lee+Jae+Yong&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Lee Jae Yong</A>, will be reassigned overseas.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aAU402oGASF0&refer=home"><P>The resignations create a vacuum atop a business empire
whose 59 units include <A href="http://www.bloomberg.com/apps/quote?ticker=005930:KS">Samsung Electronics Co.</A>, Asia's largest
maker of mobile phones, chips and televisions. Lee's departure
will leave Samsung under independent management, undermining the
family-run chaebol model that's symbolized South Korea's
corporate landscape for more than 40 years.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A9CC9AC3-F4A7-4E4A-B1ED-05564A440C0E/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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