Follow by Email

Search This Blog

Monday, March 4, 2013

Feroz family fight for control of Samsung


A serious family dispute has been about what the multinational Samsung and the Korean War, and the constant nuclear threats from neighboring North Korea, and the global economic crisis, or the patent lawsuit that Apple introduced: destabilizing. The economic empire that generates 20% of the wealth of the world economy and the fifteenth is the largest seller of phones in the planet, attends a media legal fight between brothers who want to keep control of the company. The conglomerate is a powerful local family that has presence in different economic sectors. The founder of Samsung,  Lee Byung-chul , in 1987, left a will that  divided his property among his three daughters and five sons , delegating the management of the company's current president and favorite clan, Lee Kun Hee. Although the wishes of the deceased were held for years despite internal squabbles, in 2012 two of the heirs, Lee Maeng-hee, 80, and her sister Hee Sook Lee, 76, opened the court fight : sued his brother and demanded million shares of Samsung Life Insurance, the company through which it exercises control over the entire conglomerate. The domestic disturbance call 'Republic of Samsung' began when the South Korean heir emporium, was sentenced to three years in prison in 2008 for evading $ 45 million in taxes. Thanks to a company lawyer, you knew then that Hee used large amounts of money in bribes to politicians, journalists and prosecutors. However, in a controversial decision, the employer of 71 years was f inally pardoned by the government to consider its work in the country has been "in favor of economic and sporting interests" of South Korea. The act of "understanding", quite common in China with business leaders, gave him control of the company in 2010. Lee Maeng-hee , said he was forced to break family harmony and go to court to halt the boundless greed of his brother, because this hid a part of the heritage in the distribution of goods "to avoid to distribute it. " "Kun-hee has aggravated the differences between siblings to always worry for their own benefit," he said in his complaint that was dismissed by a judge in early February, arguing that within 10 years to claim an inheritance had expired. "I will not give a penny. Everything was arranged in due course," replied Lee Kun Hee, who accused his brother of disloyalty to his late father by not honoring their wishes .Said her sister betrayed the damilia at marriage on one of the strong men of the clan who runs Keumsung LG, the other major multinational electronics and the country's main competitor Samsung. The brothers have appealed and plan to continue the battle for the largest electronics manufacturer in the world that has more than 80 divisions making everything from washing machines to artillery.

Labels

Afghanistan (43) Africa (5) Africa Israel world (1) Airblue (1) Al Qaeda (7) Al-Qaeda (6) Algeria (3) Allah (1) Amazon (1) America (1) Amsterdam (1) Android (20) Andy Murray (6) Angry Birds (1) Apple (45) Apple and Samsung (5) Arab League (7) Argentina (2) Armstrong (3) Arsenal (2) Asia (5) Asif Ali Zardari (3) Assassination (2) Aston Villa (1) Atletico Madrid (1) ATP (1) Aung San Suu Kyi (2) Australia (3) Australian Open (15) Ban Ki-moon (3) Bangladesh (13) Barack Obama (87) Barcelona (43) Basel (1) Bashar al-Assad (7) Bayern (2) Bayern Munich (9) BBC (1) Belgium (2) Benazir Bhutto (1) Bhoja Air (1) Bill Clinton (1) Bill Gates (6) BlackBerry (17) Blasphemy (1) Bolivia (2) Bollywood (1) Borussia Dortmund (3) Brazil (4) British (1) Burma (12) Canada (4) Champions League (15) Charles Taylor (1) Charlie Gard (1) Chelsea (27) China (75) Christian (1) Christians (1) CIA (10) Congo (2) Controversial (1) corruption (3) Cristiano Ronaldo (20) Cuba (3) David Beckham (2) David Cameron (1) David Ferrer (2) David Moyes (1) David Petraeus (1) Dell (2) Donald Trump (7) drone (15) Dubai (2) Earthquake (2) Egypt (54) Elections (15) EU (5) Europa League (3) Europe (8) Everest (1) Everton (1) Facebook (66) FBI (4) Ferrari (2) ferry disaster (1) Fidel Castro (1) FIFA (6) FIFA 13 (1) Firefox (2) football (4) Forbes (3) Formula 1 (2) France (19) France Paris Pakistan Iraq Afghanistan Palestine Syria Burma (1) French presidential election 2012 (1) Fulham (2) Galatasaray (1) Gangnam Style (6) Gaza (16) Gerard Pique (2) Germany (8) Google (67) Guardian (1) Gulf (2) Hamas (18) Hamid Karzai (1) Harlem Shake (1) Hezbollah (4) Hillary Clinton (7) Hong Kong (1) Hosni Mubarak (1) HP (2) HTC (5) Hugo Chavez (8) Iker Casillas (2) Imran Khan (3) India (55) Instagram (6) Internet (3) iOS (1) iPad (18) iPhone (30) iPhone 5 (14) iPod (2) Iran (97) Iran Iraq Israel Pakistan Syria Saudi Arab Shia Sunni Muslim Arab (3) Iraq (29) ISIS (1) Islam (6) Israel (118) Italy (9) iTunes (1) Ivory Coast (1) Japan (42) Jay-Z (1) Jelly Bean (1) Jews (3) Jo-Wilfried Tsonga (1) Joe Biden (1) John F. Kennedy (2) Jordan (3) Jose Mourinho (1) Julian Assange (1) Justin Bieber (13) Karachi (3) Kate Middleton (12) Katy Perry (1) Kenya (3) Khartoum (1) Kim Jong-un (4) King Salman (1) Kofi Annan (7) Kristen Stewart (6) Kulbhushan yadav (1) Kurdish (1) Kurdistan (1) Kuwait (2) Las Vegas (1) Latin America (1) Lebanon (7) Leo Messi (21) LG (2) Liberian (1) Libya (12) Liverpool (4) London (2) Lumia (3) Malala Yousafzai (26) Malaysia (3) Mali (5) Manchester City (12) Manchester United (37) Manhunt. The ten year search for Bin Laden from 9/11 to Abbottabad (5) Margaret Thatcher (1) Mario Balotelli (2) Mark Zuckerberg (14) Mars (1) Maryam Nawaz (2) McDonald (2) Messenger (1) Mexico (7) Michael Jackson (6) Michelle Obama (1) Microsoft (41) Milan (1) Miley Cyrus (1) missile (3) Mission: Impossible (1) Mitt Romney (26) Monica Lewinsky (1) Morocco (1) Moscow World (1) Mossad (1) Motorola (1) Mozilla (1) Muammar Gaddafi (5) Mufti Zia (1) Muslims (24) NASA (5) NATO (23) Nawaz Sharif (6) NBA (6) Nelson Mandela (7) Nemo (1) Netherland (2) New York (10) Newcastle (1) Nexus (3) Neymar (1) Nigeria (10) Nokia (6) North Korea (52) Novak Djokovic (11) nuclear bomb (4) nuclear test (1) Olympics 2012 (12) Oman (1) Omar Hassan al-Bashir (1) OneDirection (1) Oprah Winfrey (1) Osama bin Laden (25) Oscar (4) Pakistan (162) Pakistani intelligence services (13) Palestine (43) Palestinian (3) Panama (2) Panama gate (2) peace plan (5) Pentagon (1) Pep Guardiola (3) Peru (1) Pervez Musharraf (11) Peshawar (2) PGA (1) Philippines (2) plane crash (3) PlayStation (10) Premier League (43) Prince Harry (8) Prince Mohammed Bin Salman (1) Prince William (8) Prophet Muhammad (SAW) (1) PSG (1) PTI (1) Pyongyang (1) Qatar (4) Radamel Falcao (1) Rafael Nadal (7) RAW (2) Real Madrid (36) Red Bull (1) Robert Gates (1) Robert Pattinson (4) Roger Federer (9) Russia (22) Salman Khan (1) Samsung (17) Samsung Galaxy (16) Sandy (17) Saudi Arabia (31) Scotland (1) Selena Gomez (5) Shakira (2) Sir Alex Ferguson (3) skydiving (1) Skype (5) Smartphone (25) Social Networks (6) Somalia (3) Sony (9) South Africa (13) south Asia (1) South Korea (32) Southern Sudan (2) Spain (9) Sri Lanka (1) Stephen Hawking (2) Stoke City (1) Sudan (5) Syria (150) Tablet (1) Taiwan (1) Taliban (11) tallest building (2) The Arab League (3) The innocence of Muslims (18) The race to the White House (2) Tibet (4) Tiger Woods (2) Tito Vilanova (1) Tom Cruise (2) Toshiba (1) Tottenham (2) Train crash (1) Tumblr (1) Turkey (28) Twilight (3) Twitter (32) UAE (5) Ukraine (2) UN (51) United Kingdom (41) USA (333) Usain Bolt (3) Valentine's Day (1) Veena Malik (2) Venezuela (11) Viber (2) Vladimir Putin (1) war (16) Washington (1) Wayne Rooney (1) West Ham United (1) WhatsApp (4) WHO (1) WikiLeaks (2) Windows (4) Windows 8 (9) wolfs (1) World Trade Center (3) Xbox 360 (6) Xbox 720 (7) Xbox One (6) Yahoo (5) Yash Raj Chopra (1) Yasser Arafat (1) Yemen (4) YouTube (10) Yusuf Raza Gilani (1)