Samsung Boss Gets Five Years In The Clink

Something that I missed on Friday was the fact that Samsung boss Lee Jae-yong who got pinched a while back on bribery charges is going to the big house for five years after being found guilty. It’s not clear who will run Samsung at this point. I say that because Mr Lee’s father has been on sick leave following a heart attack in 2014, and although Mr Lee has two daughters, it’s not known if they’re considered Chairman material. Until that is sorted, Samsung is kind of hobbled.

Oh for what it’s worth, Samsung shares went down one percent on the verdict.

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