News Samsung boss with a history of legal troubles now facing five-year prison sentence due to alleged merger misdealings

[Admin]

Samsung Electronics chairman faces five years in prison.

Samsung boss with a history of legal troubles now facing five-year prison sentence due to alleged merger misdealings : Read more

 

[ingtar33]

the problem right now in SKorea is Samsung is like 40% of the employment in the nation. They're the country at this point. Furthermore this makes it nearly impossible to get an actual read on guilt or innocence with regard to anything about samsung, because they're so powerful it's hard to tell where honest influence or innocent campaign contributions and corruption exist. Furthermore everything they do is viewed as political at this point in time. (how can't it be? they're basically running the country)

So I don't think we'll ever know if Samsung actually committed crimes in this case, or if this is a politically motivated prosecution by someone samsung snubbed... or something in between. Just have to hope the jury and judge are honest i guess.

 

[Co BIY]

The Korean chaebol system and complicated inter-ownership between the large companies make them pretty difficult to understand as an outsider.

Korea also seems to prosecute and imprison their political leaders more often than others as well. (Whether that is good or bad is impossible for me to tell)

Are Korean Executives extremely well compensated like US executives ?

US executives (backed by their boards) can legally write themselves ginormous checks so no need to get small kickbacks inside the deals.

Some research (Google) shows Korean Execs get paid 16x the average workers pay while US Execs get over 300X average worker pay ! - Some of that is probably explained by firm and economy size but it looks like a large cultural difference.

Samsung board could be reacting to being underpaid compared to their value added ?