We are reader supported. External links may earn us a commission.


Samsung heir pledges not to hand over the company’s control to children

By Nadeem Sarwar May 6, 2020, 10:30 am

Samsung heir apparent and current VP, Jay Y. Lee, has pledged that he won’t pass the company’s control to his children, and has also apologized for his past wrongdoings that include allegations of bribery and embezzlement. This is a huge announcement, considering the fact that Samsung has so far been led by members of the same family since its foundation.

“I do not plan to pass down my role to my children. This is something I have thought about for a long time but have been hesitant to express it openly,” Lee was quoted a saying by Reuters. “I give my word here today that from now on, there will be no more controversy regarding succession,” he added.


To recall, Lee also had to serve a one year sentence over charges of bribery and was also criticized for allowing his executives to sabotage labor union activities at Samsung. “Samsung will strictly comply with the labor laws and ensure labor rights, while nurturing a healthy labor union culture,” Lee assured while talking about labor rights at the historically ‘anti-labor union’ approach of Samsung.

Source: Reuters


Latest Articles


How to skip CAPTCHAs with iOS 16?

In this article, we will explore how Apple aims to avoid CAPTCHAs and the settings you must have configured on your iPhone to ensure you're ready to breeze past any puzzles.

By Aryan Suren June 26, 2022, 4:00 pm

iPad Pro 2022: Everything we know so far!

It is expected that before the end of 2022, we may have the chance to see the next generation of iPad Pro, and in this article, we've compiled all the information that's currently available about these upcoming tablets.

By Aryan Suren June 26, 2022, 10:30 am