Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
Last week there was speculation from Korea that Samsung was considering either dismissing or demoting JK Shin, the head of the Samsung mobile division, due to the major sales slump which hit Samsung mobile devices in 2013. A new report indicates the Samsung board decided to do neither of these things and Shin will continue as the head of Samsung mobile. Despite this, it could be simply a temporary "stay of execution" if he can't turn things around.
Here's a quote with more of the details,
The Korean company opted for stability in its latest round of shuffle-the-executives, with all the company's division heads retaining their positions. Industry-watchers say Samsung's acting chairman Jay Y Lee likely chose not to rock the boat since his father, chairman Lee Kun-hee, is ailing in the hospital after suffering a heart attack. Samsung is also busy restructuring its operations to cut excess fat and pay an upcoming $6 billion-ish inheritance tax for the younger Lee and his sisters. However, many think Samsung's axe is still poised above J.K. Shin's neck, and if smartphone and tablet sales don't pick up stat, he'll be gone.
What do you think? Is it too soon for Samsung's board to be thinking about replacing Shin, or is it simply the cut-throat nature of the business?