• cornshark@lemmy.world
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    2 days ago

    Last year, reports surfaced that Samsung had shifted its executives to a grueling six-day workweek to “inject a sense of crisis” after recognizing its struggles in AI chips. However, the strategy does not seem to have delivered the intended results.

    Hmm, this is very surprising. How did this not fix the issue? Maybe they need to have the executives work 7 days a week? Maybe they need to fire workers and use the money to hire additional executives? Maybe they can pay the executives more to motivate them to work harder? Hopefully Samsung is able to figure what the executives need to do in order to save the company.

  • Alphane Moon@lemmy.worldM
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    2 days ago

    The pressure on Lee is mounting, but he has reportedly been constrained by legal troubles for nearly a decade. He was acquitted earlier this year of stock-rigging and accounting fraud charges related to a controversial 2015 merger. However, prosecutors have since appealed the ruling to the Supreme Court, prolonging his legal battles.

    Maybe find a leader who is not a criminal?

    From the relevant Wikipedia article:

    Lee was charged with “offering US$38 million in bribes to four entities controlled by a friend of then-President Park Geun-hye, including a company in Germany set up to support equestrian training for the daughter of one of Park’s friends, Choi Soon-sil” and “Prosecutors alleged the bribes were offered in exchange for government help with a merger that strengthened Lee’s control over Samsung at a crucial time for organizing a smooth leadership transition after his father fell ill.”

    Lee was found guilty on each charge by a three-judge panel of Seoul Central District Court in August 2017 and was sentenced to five years in prison (prosecutors had sought a 12-year sentence).

    In mid-2021, the United States Chamber of Commerce, a lobbying group of American companies, joined Korean business groups to urge the president to pardon Lee, arguing that the billionaire executive can help strengthen U.S. President Joe Biden’s efforts to end American dependence on computer chips produced overseas amid the 2020–2023 global chip shortage.[31][32] Lee was released on parole from the Seoul Detention Center in Uiwang on August 13, 2021; the South Korean government argued that the release was in the national interest.