Elliott push for Samsung makeover puts founding family plans under microscope

Elliott push for Samsung makeover puts founding family plans under microscope
 

Samsung Electronics Co (005930.KS) shares jumped to a record high on Thursday after activist investor Elliott Management submitted unsolicited proposals for a radical corporate makeover at the world's biggest smartphone maker.
An attempt by the U.S. hedge fund to wring change at South Korea's biggest conglomerate last year failed in acrimony. But investors and analysts said Elliott's latest move could open the way for the founding Lee family to embrace change, cementing its grip as it negotiates succession from its ailing patriarch to the next generation and a hefty inheritance tax bill.... read more

 
6 October 2016 in Business, Views: 49
Source: Reuters
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