Samsungs influential chairman Lee Kun-hee dies at 78


The Wall Street Journal kept in mind that Lee often had a hands-on method, calling emergency situation meetings to evaluate issues, affecting hiring choices and launching brand-new items on brief notification. Hes well known for a symbolic 1995 move where he ordered employees to burn 10s of thousands of devices for bad quality. If Lee felt there was a problem, he d ramp up pressure until it was fixed.Lees chairmanship was marked by scandals. He was convicted in 1995 for paying off South Koreas President, and in 2008 for embezzlement and tax evasion. While he resigned, his clout was such that he got a pardon in hopes he would win the 2018 Winter Olympics for South Korea– which he did.Theres also the concern of succession. Samsung has gotten mounting criticism for keeping leadership in the household, especially after Lee Jae-yong was convicted of bribery and embezzlement. The company has spent recent years attempting to distance itself from Lee Kun-hees ethical issues, and his child has declared that he will not pass leadership to his kids. As much as the elder Lee specified the contemporary Samsung, its evolving.Even so, theres little doubt that Lees influence can be felt today. Theres a likelihood that you either own at least one Samsung item or use a gadget that depends upon Samsung parts, and Lee played an essential role. To some degree, the modern-day smartphone landscape owes its shape to Lee– the business embraced smart devices and started the Galaxy line under his watch. No matter what you believe of Lee, the structures he set might make Samsung a pillar of the electronics world for a long time to come.


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