Gadgetory

samsung's vice-chairman and acting head lee jae-yong has been charged with and let me read the list embezzlement bribery perjury concealment of criminal proceeds and illicit transfer of assets abroad for those of you keeping track he is the son of the chairman of Samsung Li Kong he and Li Kong he was charged and convicted of tax evasion and embezzlement in 2008 so how bad is this for uncle Sammy hmm according to the Korea Herald major business projects have already slowed or even stopped entirely this includes Samsung's acquisition of Harman International Lee was arrested a day before Harman shareholders were expected to vote on the acquisition other investments are also going to be trickier to finalize as there are limits to what Lee's stand-in can do Samsung's share prices also fell in wake of Lee's arrest now that all sounds pretty bad right but if history is any lesson it probably won't affect Samsung's day-to-day operations at all now you see this elderly man here his name is Lee Kum Kee and he's not only the chairman of Samsung but he is the father of Lee jay-yong you see in 2008 Lee Kong he left Samsung after being indicted and found guilty of tax evasion and embezzlement he was given a three-year suspended sentence however Lee Kyung he received a presidential pardon soon after and returned to work as the Samsung Electronics chairman year later why you ask well it's sort of like Canadians irrational devotion to the Toronto Maple Leafs they can suck criminally bad on ice and we still love them in an article from The Verge in 2012 writer Sam Byford asserts quote affection for Samsung runs deep in South Korea and an assault on the company's culture can almost be seen as an attack on the country itself even when Lee Kong he is a convicted fraudster unquote now to get back to the consumer level Samsung is relying on its upcoming flagship the Samsung Galaxy s8 to deliver the company from all of its woes including the note 7 disaster though there is concern about how the situation will impact its development it is unlikely that Lee's absence will cause any significant delay in the delivery of Samsung's next flagship the s8 is well underway and Samsung would have been preparing for this possibility for months so guys I have a genuine question for you does this corruption actually affect your buying choices would you actually go for an HTC One or Sony Xperia X instead of going for the next flagship because of the corruption would that actually change your choices let me know in the comments below you guys remember from like 15 years ago when people were making money hand over fist in the dot-com bubble remember we didn't call it a dotnet bubble or dot org bubble we didn't call them dot biz billionaires we called them dot-com billionaires because that's the power of a dot-com now why is that because no domain name extension tells your story with the same degree of trust as a dot-com or dotnet domain name.com and dotnet domain name extensions and jet credibility into your online presence save fifteen percent on domain names and web hosting when you use our coupon code Android at domain.com check out when you think domain names think domain.com