InfoAnda - Samsung reshuffle makes group younger

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

WRAPUP 2-South Korea says economic support has to stay | 15 September 2009
Suicide bomber kills 31 at Russia's biggest airport | | 24 January 2011
Google to restore all Gmail accounts after bug | 2 March 2011

Britain, France sign accord on immigration controls | International | | 7 July 2009

Forum Views () Forum Replies ()

Read more with google mobile : Samsung reshuffle makes group younger

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Samsung reshuffle makes group younger ANN - Sunday, December 5 Send IM Story Print Seoul (The Korea Herald/ANN) - Samsung has unveiled a new management lineup that effectively moves the children of group owner Lee Kun-hee and other relatively young executives to top posts, a move many interpreted as a reflection of Lee's wishes to create a young and more upbeat working environment. "The company needs to get younger," Lee had said several times just ahead of Friday's reshuffling. He further warned that, over the next 10 years, Samsung will need to face challenges unlike those of the past decade. Echoing his concerns, Samsung also has officially launched the "Future Strategy Department" , a team of top-tier executives who will work to carve out new business opportunities and boost the efficiency of the sprawling, multi-billion corporation. Before his promotion to president, Lee's only son and heir Lee Jae-yong was previously vice president. The 42-year-old had held the post after a quick succession of promotions since he first joined his father's firm in 1991. Lee Boo-jin, the eldest daughter of Lee Kun-hee, was promoted to the helm of Hotel Shilla and Samsung Everland, the group's amusement park. Samsung's reshuffle was wide-reaching and included the promotion of Samsung Electronics president Choi Gee-sung to CEO and vice chairman. The decision reflected Samsung's drive for a bigger share of the smart devices' market, industry sources said, as Choi is widely viewed as the source of Samsung's success in the smartphone and tablet PC market. The appointments - especially those regarding his children - were widely expected as the chairman had said he hopes to build a "younger" Samsung. He also said the company, despite having enjoyed a hugely successful year, would have to swiftly transform to take on future challenges. The Samsung heir had echoed these sentiments, saying his father believed changes were necessary to prevent complacency. The elder Lee also had voiced his concerns about seeking out new business ventures. Hence, the top priority the Future and Strategy Department would be eying and developing future growth strategies, Samsung officials said. "It's all about looking for new businesses to generate growth and enhancing synergy between the affiliates," said one Samsung official who declined to be identified. The promotions and the new management unit at the nation's leading conglomerate aroused criticism as well as anticipation. "We all knew that the promotions for Lee Kun-hee's children were coming, but the family must understand that there is much on the younger generation's plate since they must prove they are worth their posts," said Kim Sang-jo, head of the Solidarity for Economic Reform. Kim said that Lee Jae-yong, in particular, must acquiesce to litmus tests to show he is a well-deserving heir because, so far, he has faced no real competition. "Nor has he ever shown his worth since he has yet to make his name as a skilled manager," Kim said. The children of the owner family also rarely face consequences for failure, either, he said, making it difficult for the public to trust the conglomerates when they try to bequeath their companies to their offspring. The role of the Future Strategy Unit also must be challenged and rightly proved, Kim said. The department was a reprise of a similar unit that was disbanded in 2008 in the wake of a scandal involving tax evasion and alleged attempts to illegally hand down Samsung to Lee Jae-yong. Parts of the charges were lifted, but Lee Kun-hee was sentenced for illegal bond transactions. After retiring in 2008, Lee made a comeback as Samsung Electronics chairman in March following a special presidential pardon. The original unit was widely viewed as a vehicle through which Samsung gathered critical, confidential information to keep its affiliates in line. The unit was also considered a coffer for managing slush funds. "As long as Samsung makes it clear that the new unit will be strictly about business and coordination, there would be no reason to object," said Junn Sung-chull, head of the Institute of Global Management. He added that mammoth industrial groups inevitably needed such an organization to integrate business policies and bolster synergy. "The top managers also need such a communication channel to coordinate with the affiliates," Junn said. Kim Soon-taek, a Samsung Electronics vice chairman and head of the company's new business development unit was recently appointed to head the Future Strategy unit that will be composed of six separate teams. The unit will support the Future Strategy Commission, also newly created to keep tabs on investment plans, brand management and personnel. Kim was named head of this commission as well. Together, these two units will work closely with Choi of Samsung Electronics to jointly devise and execute business strategies and policies with Lee Kun-hee and his son, industry watchers said. COPYRIGHT: ASIA NEWS NETWORK Recommend Send IM Story Print Related Articles Sarkozy pushes nuclear deals in India AFP - Sunday, December 5 Record-breaking train on track ANN - Sunday, December 5 No respite from the heat, despite the cold ANN - Sunday, December 5 S Korea defence minister designate warns air strike on North Korea ANN - Sunday, December 5 Samsung reshuffle makes group younger ANN - Sunday, December 5 News Search Top Stories Gbagbo denounces foreign 'interference' in I.Coast Climate: Kyoto row rocks UN talks Obama on surprise Afghanistan visit, says US winning war US unemployment surges to 9.8 percent Euro is 'credible', more rescue funds needed: Trichet More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended NASA finds new form of life... on Earth WikiLeaks arrest looms as site fights to stay online Suspect in Hollywood PR shooting commits suicide US unemployment surges to 9.8 percent Obama on surprise Afghanistan visit, says US winning war More Most Viewed » NASA finds new form of life... on Earth Pilgrims stone 'devil' as Muslims celebrate Eid World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack Obama gets 12 stitches after 'elbow in the lip' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 4 December 2010
Saudi king in good shape after surgery
Sweden issues new arrest warrant for WikiLeaks head
Obama on surprise Afghanistan visit, says US winning war
Future of TV? Snapping, swiping and surfing
Spain backs pension reform, asset sales to ease debt
Big powers to press Iran on nuclear issue at talks
iPad makes it to Brazil, at eye-watering prices
US unemployment surges to 9.8 percent
Collahuasi talks stall, both sides willing to go on |
WikiLeaks: Bribery, graft rampant in Afghanistan
US-TECH Summary
U.N. body to set up atom fuel bank backed by Buffett |
WikiLeaks diverts to European websites amid U.S. fury
NATO reveals new details on slaying of 6 US troops
Family demands Spanish probe in Iraq death case |
WikiLeaks founder says guards against death threats
Pakistan PM to visit Afghanistan
India says no BlackBerry solution so far
Saudi king's operation successful: sources |
Iberia cancels all flights from Spain until Saturday |
Amazon pumps 175 million dollars into LivingSocial
Game industry in flux, investors watch and wait
US, S.Korea clinch new trade deal
U.S. military chiefs urge against ending gay ban
France seeks to bar hosting WikiLeaks website
Spanish judge jails three Pakistanis in forgery probe
Obama in Afghanistan, says troops making progress
Corrected: U.S. flew spy missions over Lebanon
Japan PM rejects pressure to reshuffle government
Iraqi writers protest against club closure and alcohol ban
Obama arrives in Kabul for unannounced Afghanistan trip
Philippines, communists to resume peace talks
Samsung promotes heir apparent, shares hit record
Game industry in flux, investors watch and wait |
Paris riverboat shelters homeless -- and their dogs
Belgian ambassador meets Suu Kyi
US-ENTERTAINMENT Summary
Google ends Street View trespass case, pays $1 |
Ben Sherwood named president of ABC News
Malaysia's Anwar says likely to be suspended from parliament
Indonesia downgrades Mount Merapi volcano alert
High child inequality in some rich countries: UNICEF
WikiLeaks diverts to European websites amid U.S. fury |
Interview: One flash of her neck and Johnny Depp was done for
Russian man tells U.S. court not guilty in global spam scheme |
Can Lima unclog its traffic nightmare?
Triple despair in Asia as World Cup goes to Qatar
US Congress urges China to press N.Korea
India hopes to break deadlock at Cancun climate talks
Volvo, Geely in China plant talks
Sands China loses bid for lucrative Macau land
Pakistani stocks, o/n rates end up; rupee flat
Kids breaks new ground for lesbians on film |
Ben Sherwood named president of ABC News |
Obama, on Afghanistan visit, says US winning war
At least 60 dead in Europe as snow, floods cause havoc
Ivory Coast set to swear in Gbagbo despite poll row |
Abbas says may dissolve PA if no peace deal
Google bid to buy Groupon 'fails'
Climate: Kyoto row rocks UN talks
Obama on surprise Afghanistan visit, says US winning war
Abbas says may dissolve PA if no peace deal |
Universal opens virtual stage
Saudi king well after surgery in U.S. -royal court
U.S. troops had tea with killer Afghan policeman |
Euro is 'credible', more rescue funds needed: Trichet
Limewire says to close December 31 after legal battle
Big powers to press Iran on nuclear issue at talks
South Korea repeats warning against North Korea |
WikiLeaks arrest looms as site fights to stay online
Top papers to charge online, but how?
Kyrgyzstan renews attempts to build coalition government |
Clinton: Iran faces choices in nuclear talks
Orbotix turns smartphones into remote controls
U.N. urges Haiti candidates: respect law, shun violence |
International crews help Israel fight forest fire
Swiss WikiLeaks website blocked, spawns alternatives
Obama: Afghanistan will never be a terrorist haven
International crews help Israel fight forest fire |
WikiLeaks accuses 'cowardly' Amazon of lying
Spain PM allows army to take control of air space |
Cook, Trott stand puts Ashes heat on Aussies
Google ends Street View trespass case, pays $1
Saudi king well after surgery in U.S.: royal court |
Sarkozy arrives in India for four-day trip
South Korea repeats warning against North Korea
Donaire looks to set up bantamweight title fight
US returns stolen historical documents to Russia
Wagner must be freed from Nazi 'weight': conductor
US, S.Korea clinch new trade deal
"Kids" breaks new ground for lesbians on film
Yang seizes three-stroke lead at LPGA Championship
S.Korean president approves new FTA with US
Limewire says to close December 31 after legal battle |
US Congress intervenes on Japan immigration cases
Thai tech pioneer converts waste into wealth
Top papers to charge online, but how? |
Pitcairn mayor on child porn charges
Bullet train line extended in northern Japan
SKorea renews vows of retaliation against NKorea
Malaysia cuts fuel, sugar subsidy to trim deficit
Universal opens virtual stage |
Pakistan to sell T-bills in 5-day repo
Honda to end motorcycle joint venture in India: report
Orbotix turns smartphones into remote controls |
S.Korea, US agree on auto deal to save trade pact
South Korea, U.S. agree on deal to save trade pact
WTO raps EU for measures on Chinese metal fasteners
Fashionable Fergie gets push from Wilhelmina Models |
Robert Downey Jr. attached to star in musical film |
Filmmaker works 40 years to make Nutcracker 3D |
Adam Lambert on post-American Idol success |
Former Dora the Explorer settles lawsuit |
Spanish air space opens, recovery in '24-48 hours'
Two die after Russian plane makes emergency landing: report |
Iran pilgrims among 13 dead in Iraq bombings: sources |
Iran accuses U.N. nuclear agency of sending spies |
Afghan official offers to quit over leaked cable |
Al Qaeda planned to kill Saudis with poisoned gifts |
Kenya asks FBI to help investigate attacks on police |
Israel arrests two suspects in deadly fire |
Sarkozy pushes nuclear deals in India
Record-breaking train on track
No respite from the heat, despite the cold
S Korea defence minister designate warns air strike on North Korea
Viacom wants new ruling in YouTube copyright case
Samsung reshuffle makes group younger
Fashionable Fergie gets push from Wilhelmina Models
Society Authorities probe death of inmate in S China
Looks can kill
Former "Dora the Explorer" settles lawsuit
PayPal suspends WikiLeaks donations account |
Chinese cargo ship sinks off Philippine coast
Filmmaker works 40 years to make "Nutcracker 3D"
Robert Downey Jr. attached to star in musical film
Five shot dead in gun attacks across Thai south
Adam Lambert on post-'American Idol' success
Pakistani hackers shut India crime bureau website |
Internet addresses to be used up in January: expert
'Pakistan' hackers target India's top police agency
WikiLeaks battles to stay online as Assange arrest looms
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