SEOUL - In February 1993, five years after taking over from his father at South Korea’s Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn’t making his mark.
Lee, who died aged 78 on Sunday after being hospitalised for a heart attack in 2014, was driven by a constant sense of crisis, which he instilled in his leadership teams to drive change and fight complacency. In the mid-1990s, Lee personally recalled around $50 million worth of poor quality mobile phones and fax machines, and set fire to them.
In 2013, Forbes named Lee as the second most powerful South Korean, ranked only behind United Nations Secretary-General Ban Ki-moon.Four months after the Los Angeles meeting, Lee called his lieutenants to a Frankfurt hotel conference room, where he laid out his “New Management” plan, exhorting executives to “change everything except your wife and children.”
He had since kept a lower profile and delegated to an army of managers, while promoting his son, Jay Y. Lee, to vice chairman, a grooming post for the eventual transfer of power. He has admitted to being a loner and found it tough to make friends when he returned home to a country riven with anti-Japanese sentiment. He went back to Japan to study economics at Waseda University, and then business management at George Washington University in the United States.
Samsung is the worst phone I've ever had. You're better off walking around with a wet sponge in your pocket. I've had 2 LG smart phones and they've been fantastic. In fact, I still use one like an iPod with Wi-Fi. It's at least 6 years old.
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Thought that was jimmyfallon at first...
My man was ambitious! “In the mid-1990s,Lee personally recalled around $50 mill worth of poor quality mobile phones & fax machines, and set fire to them.This focus on crisis,and his often abrasive manner,helped Lee grow his father’snoodle trading into a business worth424 trillion
Now with the inheritance.
The taint is exaggerated. People build hundreds of billions in value and get taken to ask for misdeeds that were worth far less.
eh?! onii-sama wa? nani~? dakara~ ne!
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