Samsung Electronics just lost its CEO at the height of its success


Samsung Electronics, the flagship business of the South Korean mega-conglomerate and the second largest tech company on the planet, has just lost its CEO and vice chairman Kwon Oh-hyun today, as he announced his decision to step down. In a letter to employees, Kwon noted that as the firm is “confronted with unprecedented crisis inside out, I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry.” He’s almost certainly referring to the arrest of Lee Jae-yong, the de facto…

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