He'll be out with all charges dropped within the day. You can guarantee it.
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Samsung Chief Arrested on Bribery Charges in Corruption Scandal
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This could never happen in the US, in fact, Trump E.Order said Oil Executives are now free to bribe foreign officials...this is his deregulation. Some people are just above the law...the Billionaires...others like most on this page are below the law.
At least for now the stock market doesn't make much of this as far as it's impact on Apple goes. AAPL is flat in premarket trading.
Okay, that was wrong, but just too clever.
Am saddened to hear that this scandal is happening though. Samsung has been a great competitor in the smartphone field (albeit a copycat and butt of many jokes), but they still (usually) make good products. Hopefully the company can recovery from this.
Nope. All US companies are still subject to the Foreign Corrupt Practices Act as well as local laws. The regulation that the EO suspended just relieved oil and gas companies of extra paperwork.
That is not to say under the table payola doesn't happen, clearly it does -- not only in the U.S. but worldwide. In some places it's customary and expected in others its <wink wink> frowned upon. Also, yes, the elite class tends to get off from these crimes either because they can afford better counsel or backers have too much to lose if the accused is convicted.
But its a long stretch of the truth to suggest that suspending the Dodd-Frank provision is tantamount to condoning bribery.
Did Steve Jobs try to bribe the government? Did he steal money from Apple to bribe the government?
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Apple Pay to make it untraceable
Fantastic analysis. They really do have top-tier engineers. I have some Samsung products: a TV (KU6300) and Bluetooth Headphones (Level U Pro), and they are fantastic deals and great pieces of engineering. But they have their quirks.
Who cares? Bribery, corruption, dishonesty is all the same. He was involved in it. He was corrupt and dishonest just like you, I, the politicians and that guy at Samsung.Did Steve Jobs try to bribe the government? Did he steal money from Apple to bribe the government?
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Apple Pay to make it untraceable
Who cares where the money came from or where it went.
And?Yes I'm sure no one here knows many Apple products contain Samsung components.
Well, it's old news really. About a month ago the first attempt to get him arrested was refused, and it was obvious that the prosecution would come back with more evidence and more accusations. Which is what they did. There's also the question how this is good news for Apple - not at all obvious why someone would switch from Samsung to Apple over this, and "big mobile phone company is corrupt" reflects badly on everyone in the industry.
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So we have it on record, from your on mouth, that you are corrupt and dishonest. For the record, I'm neither.
What really happened is that you made some unsubstantiated claims, that Steve Jobs was accused of something but we don't know what, and it's the same to you, since you don't care. The accusations against this man here are trying to bribe his government, and embezzling money from his company to do it.
One of the accusations is that he embezzled money from the company from the bribery. So apparently Samsung has no funds for bribery that he could use, but he had to make up some lies to get the money from Samsung. The problem is that his grandad is the founder of the company. So it will depend very much on how the company handles this.
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Do you mean Samsung or H2SO4, who stated himself that he is corrupt and dishonest? Well, rotten Apples at Samsung _is_ funny.
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Has nothing to do with company size.
Every government employee is paid to act for the benefit of the country and/or to uphold the law. Every company employee is paid to work for the benefit of his or her company. If you offer either of them money or things of value so that they do what you want them to do, not what they should do, then you are trying to corrupt them; if they take the money and do what you asked for they are corrupt(ed).
There have been one or two reports in the past of Apple employees who were corrupted, selling details of upcoming phones to suppliers, or taking money to prefer one supplier over another. We heard of this when they got arrested and convicted. (Apple wouldn't keep quiet if they found out, because by being corrupted they cost Apple money). The corrupt companies behind this were small. And any success they had was undeserved and temporarily.
But it sure has to do with company culture. If someone does something bad and gets away with it (even when his colleagues or superiors know), then he will get copied, and eventually things go downhill. In this case we have someone who apparently thought the law doesn't apply to him. Next thing he will say it is just the press treating him unfairly and courts overstepping the mark and not understanding laws, and you know where you heard _that_.
Yes I'm sure no one here knows many Apple products contain Samsung components.
Many products ??? You just answered your own question
Owww yeah Italian politics ..... one should not throw stones.... is all I can saySorta doing the same thing as you did here.
On topic: As inelegantly worded as Keniutek's post is, there is a kernel of truth in it. A large kernel. The influence peddling this guy is charged with... we call that lobbying here in the US. Trump plans to make it easier to do and suffer no consequences. Not sure what it's called in Italy, but I'm reasonably confident it exists there as well. Unfortunately, it's how business is done these days. Why do you think Apple ramped up it's lobbying efforts?
This news is like reading about the sun rising in the east. Samsung & corruption go hand & hand. It's common public knowledge.
True, but I was thinking broader as in the demoralization for the company's employees and also potential leadeship vacuum causes the company as a whole to become less focused.
AAPL and Samsung stocks rarely affect the other. If one tanks (due to bad news) the other doesn't necessarily go up. That's partly attributed to the fact that Samsung stock does not trade in the US stock markets/indices like NYSE or Nasdaq.
