Welcome, Guest. Please login or register.

Login with username, password and session length




May 07, 2024, 01:20:05 PM
Funfani.com - Spreading Fun All Over!INFORMATION CLUBInformative ZoneMiscellaneousBiggest technology farewells of 2008
« previous next »
Pages: 1 [2]   Go Down
Print
Author Topic: Biggest technology farewells of 2008  (Read 1996 times)
0 Members and 1 Guest are viewing this topic.
Rhea Thomas
FF Hero
*****

Karma: 37
Offline Offline

Gender: Male
Posts: 29451
« Reply #6 on: July 16, 2009, 07:20:05 AM »


Lee Kun-hee, Samsung

In one of the most sensational and controversial exits of the year, Samsung Group chairman Lee Kun-hee, resigned following an indictment on tax evasion charges after a counsel investigation.

Known to be the most powerful Korean tycoon, Lee was charged with $133m tax evasion and breach of trust during his 20-year tenure at Samsung. Lee was also charged with damaging the interest of other shareholders. He was accused of forcing Samsung subsidiaries to sell shares to his son at unfairly low prices.

However, the company was cleared of the most serious allegation that it raised money to bribe influential citizens and ministers in its native South Korea.

Joining Lee in stepping down were Vice Chairman Lee Hak-soo and Lee Jae-yong, the chairman's son and heir apparent to the Samsung throne. Nine other senior executives also left Samsung following the charges.

Sixty six-year old Lee is credited of having built $160-billion Samsung Group which is Korea Inc's pride, accounting for roughly 21 per cent of the country's total exports.
Report to moderator   Logged
Rhea Thomas
FF Hero
*****

Karma: 37
Offline Offline

Gender: Male
Posts: 29451
« Reply #7 on: July 16, 2009, 07:20:34 AM »


Ben Verwaayen, British Telecom

British Telecom Group, one of the largest telecommunications companies in Europe, saw the departure of its CEO Ben Verwaayen in the month of April.

Having served BT for almost six years, Verwaayen headed back to the US to take up a position with a venture capital firm. Verwaayen joined BT in January 2002 after quitting his job from US equipment vendor Lucent.

During his tenure at BT, Verwaayen initiated a complete broadband overhaul of BT's aging infrastructure. He mended fences with Ofcom, the UK's version of the FCC.

Fifty-six year old Dutch national was also awarded an honorary knighthood for services to the communications industry. Verwaayen helped BT buy a slew of US-based companies including Infonet, Radianz, Counterpane and INS pushing the telecom giant into a number of emerging markets.

Ian Livingston, who was chief executive of BT Retail, succeeded Verwaayen.
Report to moderator   Logged
Pages: 1 [2]   Go Up
Print
« previous next »

Jump to: