Lee Kun Hee, chairman of Samsung Electronics, is “omnipresent” within the company,
a recent
Bloomberg Businessweek
article noted.
“Since Lee took control of Samsung in 1987, sales have grown 5,775 percent, to $141 billion last year,” the report said.
“Samsung’s internal practices and external strategies … all spring from the codified teachings of the chairman,” the report noted.
At the company’s Changjo Kwan (Creativity Institute) complex, a recording broadcasts quotes from remarks Lee made several years ago. And room in the facility called the Frankfurt Room re-creates a conference room in a German hotel where Lee outlined his plans in 1993 to transform Samsung into the world’s biggest electronics manufacturer, the article said. The event is known within the company as the Frankfurt Declaration of 1993, and the principles Lee discussed have been compiled in a book given to all Samsung employees,
Bloomberg Businessweek
reported.
Lee’s father, Lee Byun Chul, founded the company in 1938; Lee took over as chairman after his father’s death. Lee’s son, Lee Jae Yong, is chief operating officer and heir apparent.
Lee, who was convicted of tax evasion in 2008 and pardoned by South Korea’s president in 2009, maintains a low profile outside the company, the article said. (Source:
Bloomberg Businessweek,
April 1-Apri1 7, 2013.)
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