Monday 24 October 2016

Samsung, When Shit Hits The Fan

is now facing a revolt at home as hundreds of owners of Samsung Electronics Co.’s fire-proneGalaxy Note 7 filed a class-action lawsuit demanding compensation.

To rub SALT into WOUND, , a South Korean investment advisory firm recommended shareholders vote AGAINST Vice Chairman Jay Y. Lee joining the board, in the strongest public opposition so far to the heir-apparent’s ascension.

The twin setbacks come as the phonemaker grapples with the most serious crisis in its 47-year history, the debacle surrounding the global recall of a phone that’s been documented overheating and bursting into flame.

That brouhaha has pierced the company’s aura of invulnerability at home, and could prompt greater scrutiny of a national champion that once could do no wrong.