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Samsung Group chief faces arrest, accused of paying millions in bribes

Diesay

I like Samsung phones I hope this doesn't crush them to bad.

 

http://www.cbc.ca/news/world/arrest-warrant-samsung-official-korea-1.3937155

 

Jae-Yong Lee, vice chairman of Samsung is shown last week at the office of the independent counsel in Seoul.

 

South Korea's special prosecutor's office said on Monday it was seeking a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.

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Please include a quote from the source, and a picture would be nice too :)

OT: Don't particularly care for any one company, and I honestly can't see this killing Samsung. They'll just hire a different COO

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If they can't find somebody competent within the company the investors will pick somebody. 

Personal build >  New-ish AMD main gaming setup           

   PLEASE QUOTE OR @ ME FOR A RESPONSE xD 

 

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Can't be the world's biggest tech company without keeping a lot of powerful people nice and happy.

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1 hour ago, ItsTheDuckAgain said:

anybody surprised?

also:

wayne?

 

Wayne......

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don't think it will kill Samsung but it is going to reflect on them poorly.

 

public image not so good

 

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In the picture, from the first look, it looks like he is holding that bunch of microphones devices or whatever they are called

 

Like if they made him hold it for being shady :D

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1 hour ago, bigneo said:

In the picture, from the first look, it looks like he is holding that bunch of microphones devices or whatever they are called

 

Like if they made him hold it for being shady :D

Yeah. He looks like a man who sees his life flashing before his eyes.

- snip-

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Now apples turn. We all know it

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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22 minutes ago, atrash said:

Paying bribes? Is that what they call lobbying in the US? lol jk

jk? thats what actually is going on a lot of the time, its not even a joke.

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8 hours ago, Energycore said:

Please include a quote from the source, and a picture would be nice too :)

OT: Don't particularly care for any one company, and I honestly can't see this killing Samsung. They'll just hire a different COO

Eh South Korean companies tend to be different than Western ones when it comes to that. Samsung for one, and despite it being a behemoth, is in many ways still a family company. The corruption scandal this relates to is huge in South Korea, with the president having been impeached and all her powers removed since early december last year. Add to that the Note 7 mess last year and you have a pretty volatile combination that while it might not kill Samsung, will certainly hurt it bad.

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Not really a surprise. The amount of money that exchanges hands for "favors" in this world is insane.

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4 hours ago, Centurius said:

Eh South Korean companies tend to be different than Western ones when it comes to that. Samsung for one, and despite it being a behemoth, is in many ways still a family company. The corruption scandal this relates to is huge in South Korea, with the president having been impeached and all her powers removed since early december last year. Add to that the Note 7 mess last year and you have a pretty volatile combination that while it might not kill Samsung, will certainly hurt it bad.

Interesting, I wouldn't have figured that

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You'd be surprised how much bribery is involved in business on all levels of management. My first post graduate job was a ''spot load dispatcher''. For those who don't know, spot loads are loads that need to be taken asap from the factory because main contractors cannot provide required capacity at given day/week. Your job as a dispatcher is to make a quick email tender and wait for offers to come in. Later you give spot loads to whoever offers best price while also using your own judgement based on your experience whether the selected carrier is performing well.

 

Eventually you get to know managers and companies which are constantly contacting you for such loads. With some you become quite friendly and overtime you meet them and they make you an offer you to make extra cash if you were to provide them with more loads at slightly better price. In the end if you get along with a company and they are always on spot with their performance you agree to that. As long as you don't give out loads at too high of the price you can always justify giving them loads at better price because of their performance.

 

I'm pretty sure large contractors who always win annual contracts also give their share to sales department as well. it's just how business works.

 

And if you think this is bad, stop being naive and grow up, real world isn't a fairly tail and if you won't play by those rules others will and you'll be out.

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53 minutes ago, Garfieldus said:

You'd be surprised how much bribery is involved in business on all levels of management. My first post graduate job was a ''spot load dispatcher''. For those who don't know, spot loads are loads that need to be taken asap from the factory because main contractors cannot provide required capacity at given day/week. Your job as a dispatcher is to make a quick email tender and wait for offers to come in. Later you give spot loads to whoever offers best price while also using your own judgement based on your experience whether the selected carrier is performing well.

 

Eventually you get to know managers and companies which are constantly contacting you for such loads. With some you become quite friendly and overtime you meet them and they make you an offer you to make extra cash if you were to provide them with more loads at slightly better price. In the end if you get along with a company and they are always on spot with their performance you agree to that. As long as you don't give out loads at too high of the price you can always justify giving them loads at better price because of their performance.

 

I'm pretty sure large contractors who always win annual contracts also give their share to sales department as well. it's just how business works.

 

And if you think this is bad, stop being naive and grow up, real world isn't a fairly tail and if you won't play by those rules others will and you'll be out.

This isn't about business to business transfers.

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4 hours ago, Garfieldus said:

And if you think this is bad, stop being naive and grow up, real world isn't a fairly tail and if you won't play by those rules others will and you'll be out.

...just because something is the only option doesn't make it not a bad option.

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13 hours ago, SamStrecker said:

Now apples turn. We all know it

Doubt it, the business environment in Korea is dominated by a few "chaebol" conglomerates - Samsung, Hyundai and LG. These are family owned - and passed down - so nepotism is rife and they have incredible influence over politics. 


America does not have anything close to that, fortunately, as flawed as your system is.

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