Comments on: Lee Kun-Hee resigns as head of Samsung http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/ Korea... in Blog Format Thu, 24 Jul 2008 12:51:57 +0000 http://wordpress.org/?v=2.6 By: Rick http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-150168 Rick Sun, 27 Apr 2008 09:57:28 +0000 http://www.rjkoehler.com/?p=6470#comment-150168 Lee Jae-yong wouldn't be the only person who lost shareholders (and his own) money in internet ventures, especially around the time that it all happened... Most successful business people have some losses and some wins, with the latter out-weighing the former. Lee Jae-yong wouldn’t be the only person who lost shareholders (and his own) money in internet ventures, especially around the time that it all happened…
Most successful business people have some losses and some wins, with the latter out-weighing the former.

]]> By: swlee http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149640 swlee Thu, 24 Apr 2008 04:04:07 +0000 http://www.rjkoehler.com/?p=6470#comment-149640 I know what you mean Brendon but I never made the allegation. He claims Robert called him that, however such phrasing seems out of character for Robert so I have my doubts. Unemployed bug may have been more appropriate to describe Scott, however the neo-fascist underlying connotation of the term bug combined with the imperio-capitalistic overtones inherent in the denigration of the suffering unemployed could have been deconstructed in the current phase of world history as a pseudo neologism. At the risk of distracting from the theme of this thread, doesn't anybody remember lee gon hee's sudden trips to texas for lung cancer over the years at opportune times, or the fact that he had everything handed to him on a plate by his dad, who had himself sacrificed his eldest son (lee gon hees older brother) to the law when jeil jedang was caught for smuggling back in the 50s. theres nothing classy about the particular corporate yakuza. A class act would be following in his daughters footsteps. I know what you mean Brendon but I never made the allegation. He claims Robert called him that, however such phrasing seems out of character for Robert so I have my doubts. Unemployed bug may have been more appropriate to describe Scott, however the neo-fascist underlying connotation of the term bug combined with the imperio-capitalistic overtones inherent in the denigration of the suffering unemployed could have been deconstructed in the current phase of world history as a pseudo neologism.
At the risk of distracting from the theme of this thread, doesn’t anybody remember lee gon hee’s sudden trips to texas for lung cancer over the years at opportune times, or the fact that he had everything handed to him on a plate by his dad, who had himself sacrificed his eldest son (lee gon hees older brother) to the law when jeil jedang was caught for smuggling back in the 50s. theres nothing classy about the particular corporate yakuza. A class act would be following in his daughters footsteps.

]]> By: Brendon Carr (Korea Law Blog) http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149441 Brendon Carr (Korea Law Blog) Wed, 23 Apr 2008 09:40:49 +0000 http://www.rjkoehler.com/?p=6470#comment-149441 <b>swlee</b> -- It's not cool to use smears like insinuating that J. Scott Burgeson is a homosexual. I think you owe the homosexuals an apology. swlee — It’s not cool to use smears like insinuating that J. Scott Burgeson is a homosexual. I think you owe the homosexuals an apology.

]]> By: roboseyo http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149436 roboseyo Wed, 23 Apr 2008 09:12:21 +0000 http://www.rjkoehler.com/?p=6470#comment-149436 36 Sprewer: good point. But you also have to agree it's refreshing he didn't sink as low as the others, and get out the IV drip and the hospital gown. It'd be interesting to see if this finally, ACTUALLY leads to the transparency and consistency everyone from the IMF to the European Union to that Foreign Finance Advisor in LMB's cabinet have been calling for. Because if Samsung leads, the other chaebols will eventually follow. . . and that's the change Korea's business culture seems to need more than anything else. It might be that Mr. Lee leaving the company and bearing all the brunt of the corruption was the only way he could think of to keep the entire company from losing all credibility, in which case you gotta respect his final Pyrrhic gesture of taking one for the team by drawing all fire to himself personally, owning up, and lying in the bed he's made. On the other hand, three months after leaving through the front door, he might just sneak back in the side door. These are interesting days for Korea's corporate culture, and it'll send a really positive message to international investors if they see that even Mr. Samsung can't get away with corruption. (if he doesn't) I'm waiting for the Japanese tech conglomerates to make their moves, now that there's blood in the water. Things just got really interesting. 36 Sprewer: good point. But you also have to agree it’s refreshing he didn’t sink as low as the others, and get out the IV drip and the hospital gown.

It’d be interesting to see if this finally, ACTUALLY leads to the transparency and consistency everyone from the IMF to the European Union to that Foreign Finance Advisor in LMB’s cabinet have been calling for. Because if Samsung leads, the other chaebols will eventually follow. . . and that’s the change Korea’s business culture seems to need more than anything else.

It might be that Mr. Lee leaving the company and bearing all the brunt of the corruption was the only way he could think of to keep the entire company from losing all credibility, in which case you gotta respect his final Pyrrhic gesture of taking one for the team by drawing all fire to himself personally, owning up, and lying in the bed he’s made.

On the other hand, three months after leaving through the front door, he might just sneak back in the side door.

These are interesting days for Korea’s corporate culture, and it’ll send a really positive message to international investors if they see that even Mr. Samsung can’t get away with corruption. (if he doesn’t)

I’m waiting for the Japanese tech conglomerates to make their moves, now that there’s blood in the water. Things just got really interesting.

]]> By: Sperwer http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149358 Sperwer Wed, 23 Apr 2008 02:48:21 +0000 http://www.rjkoehler.com/?p=6470#comment-149358 Resigning saved him from bathos, but stepping down -- only under pressure, moreover -- for defrauding your shareholders to the tune of 5 Billion US, and cheating the govt out of hundreds of millions in taxes, hardly qualifies as a "class" act. Resigning saved him from bathos, but stepping down — only under pressure, moreover — for defrauding your shareholders to the tune of 5 Billion US, and cheating the govt out of hundreds of millions in taxes, hardly qualifies as a “class” act.

]]> By: cmm http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149354 cmm Wed, 23 Apr 2008 02:20:32 +0000 http://www.rjkoehler.com/?p=6470#comment-149354 Not surprised that he handled it with class (no wheelchair/gown). I couldn't picture him taking that route. Not surprised that he handled it with class (no wheelchair/gown). I couldn’t picture him taking that route.

]]> By: raven http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149329 raven Wed, 23 Apr 2008 00:19:14 +0000 http://www.rjkoehler.com/?p=6470#comment-149329 RE: #27 - the account might be in your name (ID number), but you might not have the chop that was used to open the account and which you need to take the money out - that's in addition to the fact that some fairly powerful guys might start chasing you to get their money back. For #28. - I'd wondered about that as well - it seems like there's no reason he needs to be allowed out of jail waiting for the trial if he's not important for the economy anymore. RE: #27 - the account might be in your name (ID number), but you might not have the chop that was used to open the account and which you need to take the money out - that’s in addition to the fact that some fairly powerful guys might start chasing you to get their money back. For #28. - I’d wondered about that as well - it seems like there’s no reason he needs to be allowed out of jail waiting for the trial if he’s not important for the economy anymore.

]]> By: gbnhj http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149206 gbnhj Tue, 22 Apr 2008 14:06:54 +0000 http://www.rjkoehler.com/?p=6470#comment-149206 A chairman who investigators believe duped everyone to the tune of 4.5 trillion won, you say? Why, for that the prosecutors should have sequestered his ass and questioned him all day for weeks. Or, is that just for the likes of non-Korean CEOs like Grayken? A chairman who investigators believe duped everyone to the tune of 4.5 trillion won, you say? Why, for that the prosecutors should have sequestered his ass and questioned him all day for weeks. Or, is that just for the likes of non-Korean CEOs like Grayken?

]]> By: swlee http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149196 swlee Tue, 22 Apr 2008 13:17:42 +0000 http://www.rjkoehler.com/?p=6470#comment-149196 From King Baeksu (republished without his permission): Dear swlee, I replied to your email in good faith and expressly asked you not to publish it further. Why are you being such a loser. I can't believe I said you were cool. You are just like the other losers in Marmots hole. fuck you From King Baeksu (republished without his permission):

Dear swlee,
I replied to your email in good faith and expressly asked you not to publish it further. Why are you being such a loser. I can’t believe I said you were cool. You are just like the other losers in Marmots hole. fuck you

]]> By: Linkd http://www.rjkoehler.com/2008/04/22/lee-kun-hee-resigns-as-head-of-samsung/#comment-149193 Linkd Tue, 22 Apr 2008 13:04:15 +0000 http://www.rjkoehler.com/?p=6470#comment-149193 Bravo. Bravo.

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