InfoAnda - Samsung promotes son and heir closer to top job |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Fujitsu cutting 1,750 Philippines jobs | 19 March 2009
Stem cell transplant 'cures' HIV: study | 16 December 2010
Japanese foreign minister visits Thailand for political talks | 11 January 2009

Chinese fire on Tibetan protesters, 1 dead: advocacy group | | 23 January 2012

Forum Views () Forum Replies ()

Read more with google mobile : Samsung promotes son and heir closer to top job |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Egypt's Mursi leaves palace as police battle protesters | 04 Dec 2012 IRS aims to clarify investment income tax under healthcare law 03 Dec 2012 Swiss spy agency warns U.S., Britain about huge data leak 04 Dec 2012 Obama firm on "fiscal cliff" amid Republican disarray | 04 Dec 2012 Obama to fill key posts in weeks, Hagel on Pentagon short list 04 Dec 2012 Discussed 156 Egyptian protesters breach presidential palace cordon 134 IRS aims to clarify investment income tax under healthcare law 104 Obama’s opening ”fiscal cliff” bid seeks debt limit hike, stimulus Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Syria's displaced animals A look at animals caught in the crossfire of the Syrian civil war. Slideshow Seattle's marijuana experts Voters in Washington state approved an initiative legalizing marijuana. A look inside Canna Pi, a medical marijuana dispensary in Seattle. Slideshow Sponsored Links Samsung promotes son and heir closer to top job Tweet Share this Email Print Related News Samsung says to fix outsourcing issues, but keep most production inhouse Fri, Nov 30 2012 Samsung feud engulfs memorial service for founder Wed, Nov 14 2012 Special Report: At Italy's Fiat, young scion steers tough course Fri, Nov 9 2012 Related Topics Tech » Jay Y. Lee, son of Samsung Electronics chairman Lee Kun-hee and the company's chief operating officer arrives at the company's headquarters in Seoul December 1, 2010. Credit: Reuters/Lee Jae-Won By Miyoung Kim SEOUL | Tue Dec 4, 2012 8:24pm EST SEOUL (Reuters) - Samsung Electronics Co pushed the anointed heir of the company Chairman closer to the top job on Wednesday as the it cemented a global lead in smartphones with a stock price that is close to record highs. The promotion of the snappily-dressed and bespectacled Jay Y. Lee, aged 44, to the job of vice chairman comes after Samsung marked the 25th anniversary of his father Lee Kun-hee's chairmanship last week. "It is a stamp of approval from the chairman that the vice chairman has shown capability to manage Samsung. It's a major step forward (for Jay Lee to become) the future successor at Samsung," a Samsung executive familiar with the matter said. Jay Lee is already chief operating officer and president and was thrust into the spotlight in June when then Samsung Electronics chief executive Choi Gee-sung, known to be his mentor, was promoted to lead the entire Samsung group's strategy, a defacto No.2 role within the group to chairman Lee. Observers said at the time that Choi's move was aimed at preparing a succession plan for Jay Lee. "As Vice Chairman, Lee will build on his existing responsibilities and take a broader role in managing Samsung Electronics' businesses," Samsung said in a statement. "Lee will continue to play a critical role in transforming Samsung's business model - the set (product) business into one based on a platform and the component business into a total solution provider." FROM SMALL TRADING COMPANY TO TECH GIANT Samsung Group was founded in 1938 by Lee Byung-chull, Jay Lee's grandfather, as a small trading company and Samsung Electronics which is the jewel in the crown of its vast industrial empire now sells more televisions, memory chips, flat screens and mobile telephones than any other company. Samsung Electronics alone is worth $195 billion based on Tuesday's closing share price. Jay Lee will have big shoes to fill as it was under his father's watch that Samsung Electronics was transformed into from a low cost producer into a global player that has overtaken Apple Inc in terms of smartphone sales. The annual Samsung reshuffle of top management, of which Jay Lee's promotion is a part, comes as South Korean chaebols, or big business groups, are under pressure to reform amid growing anger over their dominance in an economy where wealth gaps are widening. The issue of family succession is viewed as a key marker of transpareny and presidential candidates from the ruling and opposition parties have pledged 'economic democratization' in a bid to rein chaebols' growing economic prowess. "I think JY Lee's promotion means that he has somewhat proved himself worthy of following in his father's footsteps," said a fund manager at foreign fund based in Seoul who owns 2 million shares in Samsung Electronics. "However, because of the political climate that is bent on economic democratization which frowns on the cross-shareholding structure, it would be better if the company were to be sensitive to minority and outside voices," said the fund manager who could not be named due to his company's media policy. While Jay Lee steers clear of the limelight when his father appears in public, he has become the first point of contact at Samsung for many key customers and competitors. Jay Lee has met Apple's chief executive Tim Cook as well as political leaders from China, Hong Kong and Vietnam. Critics say he lacks his father's charisma, business insight and entrepreneurship and that he faces tough challenges, not least a patent battle with Apple that is being fought out in courts across the globe. Lee has a degree in East Asian history from Seoul National University, an MBA from Keio University in Japan and also attended the doctoral program at Harvard Business School. He has two children and went through one of Korea's highest profile divorce cases. ($1 = 1083.4500 Korean won) (Additional reporting by Somang Yang and Hyunjoo Jin; Editing by David Chance) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 5 December 2012
Egypt's Mursi leaves palace as police battle protesters |
Arab Spring to take years to improve women's rights: activists |
Settlements showdown beckons for Netanyahu in Berlin |
Peace talks with Congo rebels expected this week |
Italy court says wiretaps of president inadmissible in mafia case |
Merkel's conservatives show total unity before 2013 election |
Tunisian Islamists, leftists clash after job protests |
Rio arrests 59 police in corruption crackdown |
Yahoo acquires video chat startup company |
U.S. fails to win early limit on Net controls at global gathering |
Nokia Siemens to close German services unit: sources |
EMC, VMware to merge data and cloud app assets into new group |
Chinese man avoids prison for New York Fed cyber theft |
FTC, FCC nominees go before senators amid hot-button tech issues |
New app aims to make resolutions, goals more achievable |
Disney, Netflix sign exclusive TV distribution deal |
Lady Gaga buys Michael Jackson's costumes at auction |
Disney loses appeal of Who Wants to Be a Millionaire? ruling |
And the most overpaid actor award goes to: Eddie Murphy |
Panel seeks accountability after Benghazi attacks |
China's board and search sea rules likely had Beijing's sign-off: official |
Philippines' biggest typhoon kills at least 230, hundreds missing |
NATO warns Syria not to use chemical weapons |
Suicide bombers attack Pakistan army base, one soldier dead |
Egypt's Mursi leaves palace as police battle protesters |
Far left outsider winner in Korean presidential debate |
EU considers response to Israeli settlement building plans |
Nokia to launch a new Lumia phone with China Mobile |
Samsung promotes son and heir closer to top job |
Intel sells debt, shares jump on stock buyback hopes |
Software guru McAfee says to seek asylum in Guatemala |
The Message deemed greatest hip hop song ever |
Netflix to get Disney films in TV distribution deal |
Japanese actor who took Kabuki to the world dies at 57 |
Ex-Malcolm in the Middle star Muniz, 26, suffers mini-stroke |
Spain's Pedro Almodovar to receive Academy film tribute |
Hugh Hefner heads to altar again, with runaway bride |
Iran says extracts data from U.S. spy drone |
Israel still committed to Palestinian peace deal: Netanyahu |
Clinton says crucial that countries meet Afghan funding pledges |
Rwanda finance minister says aid cuts may dent economic growth |
Indian government wins vote on supermarket reform |
Russia criticizes EU on human rights ahead of summit |
EU imposes record $1.9 billion cartel fine on Philips, five others |
Apple to lose tablet market share to Android in 2012: IDC |
Google talks continuing, no antitrust decision yet: EU's Almunia |
AT&T raises 2012 smartphone sales target |
New net rules would hit digital economy: U.S. diplomat |
Hon Hai's Gou says talks on investment in Sharp still on: paper |
Nokia Siemens to close German services company |
Latest James Bond movie breaks UK box office record |
Palin rejects seventh Python claim in court case |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01