Skip to main content

Samsung elects two new co-CEOs


  Samsung Electronics just announced it's switching to a multiple-CEO system, pushing up Presidents Boo-keun Yoon and JK Shin (who we just saw on stage at the Galaxy S 4 press conference) in recognition of their strong performance. Vice Chairman, Chairman of the Board of Directors and current CEO Oh-Hyun Kwon isn't leaving the position he attained last summer however, and will continue to oversee the company's component business. Meanwhile, Yoon will continue his job overseeing the consumer electronics division that makes TVs and appliances, while Shin runs the IT and mobile phone business. Letting each run their own ship seems like an odd move, however we suppose when you're raking in $8 billion+ in profits in a quarter, you can afford to try a few different things, and they're still looking up to Samsung Group chairman Lee Kun-hee. Still, there was a time when each unit operating so independently was seen as a problem.

 

Comments

Popular posts from this blog

LG’s first flexible OLED phone due before the year is out

LG plans to launch a flexible OLED smartphone before the end of the year, the company’s VP of mobile has confirmed, though it’s unclear to what extent the work-in-progress handset will actually flex. The OLED panel in question is the handiwork of LG Display according to VP of LG mobile Yoon Bu-hyun, the WSJ  reports, with the proposed device set to launch sometime in Q4. LG Display’s work on flexible OLEDs has been underway for some time, though the company’s efforts have perhaps been overshadowed somewhat by rival Samsung’s YOUM development. Last year, according to a Korea Times report, LG Display was preparing for

Syrian Electronic Army claims credit for CBS Twitter accounts hack

Yesterday, several of CBS ’s Twitter accounts were hacked, including its main account, and its accounts for 60 Minutes, 48 Hours, and CBS Denver. The hackers got into the account and tweeted a series of things relating to President Obama and the United States being in cahoots with Al-Qaeda . The tweets also had links that led users to malware-infested sites. While CBS was able to regain access to its accounts, it was unable to figure out who was behind the attacks, until now. The Syrian Electronic Army , the same group that hacked 3 of the BBC’s Twitter accounts, claimed

Can Technology Do a Better Job of Finding Bombs?

 With the horrifying images of the Boston Marathon bombing still much too fresh in our minds, and with citywide marathons coming up this weekend in London, Hamburg, and Salt Lake City , law enforcement officers and citizens everywhere are asking how to prevent the tragedy from being repeated. As Columbia University School of International and Public Affairs adjunct professor Abraham Wagner observed last year, on the 11th anniversary of 9/11, there’s “no magic bullet o