Samsung Group heir Jay Y. Lee's vow to end dynastic succession at South Korea's biggest conglomerate following three generations of Lee family ...
Samsung Group heir Jay Y. Lee's vow to end dynastic succession at South Korea's biggest conglomerate following three generations of Lee family control sparked skepticism on Thursday.
They also said he failed to offer details about his wrongdoing and there was little to bind him to his pledge not to hand over control to his children. "If he really wants to sever the family control of the group, he has to announce how he will offload stocks in Samsung's de facto holding company, Samsung C&T, as Bill Gates sold his stake in Microsoft," Kim Woo-chan, a professor of finance at Korea University Business School, said.
A Samsung compliance committee headed by a former supreme court judge is due to meet Thursday afternoon to review Lee's public statement, a spokesman for the panel said.
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