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Samsung Chief Arrested on Bribery Charges in Corruption Scandal

H2SO4 said:
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.
Who cares where the money came from or where it went.
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If Steve Jobs was corrupt and dishonest and just as bad as Samsung, how come there wasn't a single charge filed against him while he was alive?

If you want to defend Samsung's actions, come up with a defense that isn't weaker than a wet tissue.
 
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H2SO4 said:
That I agree with, and before I get any fanboy comments, the famous SJ was in court over some very shady dealings IIRC. He got off with some ridiculous story about him not understaning or not knowing about the issue.
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If you are actually referring to SJ, you might mean that collusion action regarding eBook price fixing. That was not criminal; they were antitrust violations. There is a world of difference between a criminal violation by a corporation vs. violating some rather loosely described government regulations. I'm not defending him; but it was a civil violation. These happen all the time. Criminal violations by a specific corporate officer are a world apart.
 
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Gasu E. said:
If you are actually referring to SJ, you might mean that collusion action regarding eBook price fixing. That was not criminal; they were antitrust violations. There is a world of difference between a criminal violation by a corporation vs. violating some rather loosely described government regulations. I'm not defending him; but it was a civil violation. These happen all the time. Criminal violations by a specific corporate officer are a world apart.
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No there was something before that, can't remember what at the mo.

EDIT: I googled his name and the word ‘scandal’. I mean this;
http://www.cultofmac.com/443542/tod...e-jobs-embroiled-in-stock-backdating-scandal/
 
Keniutek said:
You don't make billions by being nice and just. Every government and every big company is corrupted, no doubt in my mind.
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Wait --- this is the SAME copy the quadrillion anti-Apple folks vomit so much praise on Samesongs "innovation" and that Apples patent suits are frivolous and that Samesongs NEVER copies but leads? The company with the exploding phones? Exploding washing machines?

That one? All companies are alike?

While I'm defiantly no fan of corporate America - Apple with all its f ups hasn't had a year nearly as scandal ridden ever.

So no they are not alike. Sorry..

Btw --as they say -- it all stops at the top...

This has got to be a huge embarsssmemf for the entire country of S Korea.
 
Evil Spoonman said:
Samsung is a fascinating company. They absolutely have fantastic engineering teams, and lofty technologies that are worthy of our appreciation. They haven't become this valuable and this well regarded for no reason. So anybody throwing Samsung in the dirt just because they are "the competition" and often behave unethically isn't being nuanced enough.

What seems to fall apart repeatedly is their management and product layer. Samsung products that don't need any extra design to be good are often really rather good. SSDs, displays, and so forth. The products that need to be designed to be more than just a collection of parts are consistently lacking. Phones, laptops, etc.

Samsung's management team, including product management, simply are prototypical of the worst style of management. Political, amoral, bureaucratic, committee-driven, lacking in vision or resolve. And here it bites them again. We shouldn't be surprised. But we should feel bad for the engineers who create amazing things at Samsung, but never get to share them properly.
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Very true that they have very, very high engineering. But you're quite right about the corporate structure. And it's a warning for Apple too. A lot of financial "wizards" are giving them advice that would lead to this conglomerate, financialized structure, with the finance guys deciding what step to take next. Wrong idea.
 
djlythium said:
So, how is Apple corrupted?
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I don't know. Maybe violating EU tax laws. Or leaning on companies that make Sapphire furnaces to take deals that eventually drive them in bankruptcy and force them to lay off all of their employees.
[doublepost=1487361578][/doublepost]
Swift said:
Very true that they have very, very high engineering. But you're quite right about the corporate structure. And it's a warning for Apple too. A lot of financial "wizards" are giving them advice that would lead to this conglomerate, financialized structure, with the finance guys deciding what step to take next. Wrong idea.
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It is always interesting to see people who have no understanding of finance or accounting blame the financial "wizards" for all the problems in a company.

The purpose of financial information is to help decision makers (managers) make better, more informed decisions. But if you can't make good decisions (i.e., lack good judgement) or are a piss poor people manager to begin with, no amount of financial "wizardry" is gong to help you.
 
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what, no arson charges!?
[doublepost=1487364534][/doublepost]
Keniutek said:
You don't make billions by being nice and just. Every government and every big company is corrupted, no doubt in my mind.
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if every big company making billions is corrupt like Samsung, then why haven't we seen Apple or Google CEOs facing similar charges?

no, sounds like hogwash to me -- sounds like someone cant just say Samsung is corrupt.
 
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Breaking Good said:
I don't know. Maybe violating EU tax laws. Or leaning on companies that make Sapphire furnaces to take deals that eventually drive them in bankruptcy and force them to lay off all of their employees.
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Apple didn't violate EU tax laws, Ireland did. Asking for a good deal from a supplier isn't corrupt, and the supplier is free to decline the offer :rolleyes:
 
Breaking Good said:
I don't know. Maybe violating EU tax laws. Or leaning on companies that make Sapphire furnaces to take deals that eventually drive them in bankruptcy and force them to lay off all of their employees.
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We are talking about corruption. Corruption would have been to pay a CEO a million for his own pocket to make him sign a deal that is bad for his company. That's corruption.

In the case of the sapphire glass manufacturing, they offered a company a ton of money to produce a lot of sapphire glass screens. The company said they could, but they couldn't. The result wasn't pretty for anyone involved. Well, this was a multi million dollar company. How did Apple lean on them? They offered a deal, the company was free to reject it.
 
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Evil Spoonman said:
Samsung is a fascinating company. They absolutely have fantastic engineering teams, and lofty technologies that are worthy of our appreciation. They haven't become this valuable and this well regarded for no reason. So anybody throwing Samsung in the dirt just because they are "the competition" and often behave unethically isn't being nuanced enough.

What seems to fall apart repeatedly is their management and product layer. Samsung products that don't need any extra design to be good are often really rather good. SSDs, displays, and so forth. The products that need to be designed to be more than just a collection of parts are consistently lacking. Phones, laptops, etc.

Samsung's management team, including product management, simply are prototypical of the worst style of management. Political, amoral, bureaucratic, committee-driven, lacking in vision or resolve. And here it bites them again. We shouldn't be surprised. But we should feel bad for the engineers who create amazing things at Samsung, but never get to share them properly.
Click to expand...
I work for a Samsung subsidiary and I couldn't have said it better myself.
 
Gasu E. said:
If you are actually referring to SJ, you might mean that collusion action regarding eBook price fixing. That was not criminal; they were antitrust violations. There is a world of difference between a criminal violation by a corporation vs. violating some rather loosely described government regulations. I'm not defending him; but it was a civil violation. These happen all the time. Criminal violations by a specific corporate officer are a world apart.
Click to expand...

No, there was a problem with his backdating of various stock options that he got, so he could be paid sooner, or on another formula??? Something like that. The company accounting veep took the rap. Steve said he didn't really follow it.
 
Breaking Good said:
I don't know. Maybe violating EU tax laws. Or leaning on companies that make Sapphire furnaces to take deals that eventually drive them in bankruptcy and force them to lay off all of their employees.
[doublepost=1487361578][/doublepost]

It is always interesting to see people who have no understanding of finance or accounting blame the financial "wizards" for all the problems in a company.

The purpose of financial information is to help decision makers (managers) make better, more informed decisions. But if you can't make good decisions (i.e., lack good judgement) or are a piss poor people manager to begin with, no amount of financial "wizardry" is gong to help you.
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Hmm. Interesting. I was unaware they violated RU tax laws, or leveraged their influence to overtake a lesser corporation. I'll have to look into this information.
 
Stella said:
Legal semantics. Copying is copying. Legality is straw man.
[doublepost=1487446663][/doublepost]


Keep trying. We will give you some more time to try and come up with some facts, anything to support your side before you are relegated to "Fake News."
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HiRez said:
I'm actually kind of surprised this happened, considering the Lee family's hold on everything in the country, including the government. Then again, it's not the first time members of the family have been indicted, they just get pardoned later and I assume the same will happen here. For the wealthy elite, this is all just theater, they present the appearance of being in trouble to make it look like the government is keeping an eye on things, but they'll soon be back to their regular lives embezzling, giving and taking bribes, and so on.
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[doublepost=1487468777][/doublepost]
More than just eyewash this time. If you follow Korea (I do) you will note that their government pretty much fell a month ago with the ongoing impeachment of President Park.

Business 'corruption' is ongoing and rampant in America, but we pale as rank amateurs compared to Korean business practices. Plus, so far Apple smart phones to not explode in your pocket and perhaps blow away 'the family jewels'.

In the present chaotic situation Samsung apparently 'bribed' the President along with several others of the 'chaebol'. (The chaebol are the large, conglomerate family-controlled firms of South Korea characterized by strong ties with government agencies).
 
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I knew the Samsung trolls would show up in force to try and make it seem as though every company is as corrupt as Samsung.

I was not disappointed.
 
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