Samsung chairman, son, and others resign in shame

After years of whispers which ultimately turned to shouts of corruption, Lee Kun-hee, Chairman of Samsung and son of Samsung's founder, has resigned following an indictment on tax evasion charges. Lee said, "We, including myself, have caused troubles to the nation with the special probe. I deeply apologize for that, and I'll take full responsibility for everything, both legally and morally." Lee Jae-yong, the Chairman's son and heir to the Samsung throne also resigned as did Vice Chairman Lee Hak-soo, Lee's closest advisor. Lee Soo-bin, chairman of Samsung Life Insurance, takes on representation for Samsung Group although the group chairman position remains unfilled. So it's over. Now lick your wounds Sammy and get back to your hyperbolic announcements of world's first, fastest, biggest, etc... we miss you.

[Thanks, Dave L.]

[sephiros64 Posted Apr 22nd 2008 1:01PM]

i'm a bit confused, can someone elaborate more on this? Does his resignation admit guilt to being directly involved in scandals and tax evasion? Or is he stating that he is taking responsibility for not catching the matter in the company beforehand? There's a big difference between the two.

[(Unverified) Posted Apr 22nd 2008 7:41PM]

Why is it considered immoral to not surrender one's hard earned money to the violent a--holes calling themselves government?
A thief is a thief, regardless of what he does of is supposed to do with the stolen money.

[(Unverified) Posted Apr 22nd 2008 9:06PM]

watch international news, then google what satire means.... maybe then youd know whos comment is more stupid.

[(Unverified) Posted Apr 27th 2008 6:55PM]

So...will Samsung be up for a hostile take-over now ? I think it's highly unlikely a relatively isolated corruption scandal on the top of th production line isn't gonna cripple the company in total. They're still highly valuable.

It's a shame. My second and third (now almost defunct, color-faded, NO pixelcamera added !) cellphone were Samsungs. I loved the multi-color led lamp on top with RealTones symphonic effect. Too bad this happened. I generally support the not-Nr.1 competitors (often from Central East Asia like Malaysia etc)... I refused to go with the monolithic Apple iPod troop and bought a Creative Zen Sleek Photo some years ago just out of support for the smaller fish really... despite some slight occasional battery malfunctions and program stalls, it's a fine product.