Samsung Electronics Co-CEO Dies, Worsening Tech Firm’s ‘Crisis’ Moment

[The Tradition]

SEOUL—The head of Samsung Electronics’s smartphone and consumer electronics business died from cardiac arrest on Tuesday, jolting the South Korean technology company during a business slide that leaders have called a crisis.

Jong-Hee Han, 63 years old, was appointed co-CEO of Samsung Electronics in December 2021. The company’s other CEO, Jun Young-hyun, oversaw the unit making semiconductors and other tech components.

https://www.wsj.com/tech/samsung-electronics-co-ceo-han-jong-hee-has-died-74631d56

 

[mnole03]

They’re both under Lee Jae-yong.

I’m sure he’ll find another guy to make crappy appliances.

 

[The Tradition]

63 is pretty young. Especially for Asians.

 

[mnole03]

63 is pretty young. Especially for Asians.

It’s a terrible job. The pressure of the entire country on you and no real equity in the company.

 

[HROT]

Probably worrying about too many product lines

 

[mnole03]

Trad laughed. Jong-Hee Han made $819k last year. The company had $220 billion in revenue.

 

[The Tradition]

Trad laughed. Jong-Hee Han made $819k last year. The company had $220 billion in revenue.

So what's the punishment if his leadership proves unsuccessful? No golden parachute?

 

[SolarHawk]

They’re both under Lee Jae-yong.

I’m sure he’ll find another guy to make crappy appliances.

I’ll never buy anything Samsung because of how many issues I’ve had in the past with their appliances. Complete junk.

 

[mnole03]

So what's the punishment if his leadership proves unsuccessful? No golden parachute?

Two months pay is what they gave to their former chief of semiconductors.

 

[The Tradition]

Two months pay is what they gave to their former chief of semiconductors.

So, what does the average working stiff make at Samsung?

 

[mnole03]

So, what does the average working stiff make at Samsung?

A senior engineer makes on average $81k.

 

[The Tradition]

A senior engineer makes on average $81k.

Ten times the salary seems fair.