Pressure is on Korean conglomerate to change after trial
“Lee Jae-yong, the de facto leader of Samsung, will probably get a presidential pardon and will be back at the company, promoted to chairman, in no time,” said Geoffrey Cain, author of an upcoming book on the Korean conglomerate.
By Bryan Harris
Financial Times
Aug 26, 2017
“The thing about Samsung is, it’s a giant wound-up ball of yarn of cross-holdings,” said Geoffrey Cain, the author of a coming book on Samsung. “The setup is so complicated that sometimes I wonder if a group of smart people could find a way to tug at the right connection and find a way to loosen it up, to unravel it a bit, just to see if they could pull it away from the company.”
By Choe Sang-Hun and Paul Mozur
The New York Times
Mar 4, 2017
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For years, Tim Cook insisted Apple could change China from the inside. Instead, China changed Apple.
The latest evidence? Apple spent billions developing cutting-edge electric vehicle battery technology with Chinese automaker BYD, only to watch its innovations become the cornerstone of BYD’s rise to global electric vehicle dominance. Apple walked away with nothing. China walked away with everything.
This isn’t just another story about corporate research and development gone wrong. It’s a cautionary tale about how even America’s most valuable company has become trapped in China’s web of technological control — and how that web is about to tighten even further.