Reuters - Video

Edition: US | UK | IN | CN | JP

video MOST POPULAR

Test lift off for Dubai drone taxi service
Test lift off for Dubai drone taxi service - 01:27
UK fishermen see Brexit boom, but there's a catch
UK fishermen see Brexit boom, but there's a catch - 01:57
Spain, UK come under 'ransomware' cyber attack
Spain, UK come under 'ransomware' cyber attack - 01:05
Tax loophole saves Uber millions in UK taxes
Tax loophole saves Uber millions in UK taxes - 02:38
H&M beats profit forecasts but trading still tough
H&M beats profit forecasts but trading still tough - 01:21

New Samsung bosses spark investor confidence

Tuesday, October 31, 2017 - 01:06

South Korea's Samsung technology giant names a new generation of top managers and promises to reward shareholders with $26 billion in payouts to 2020. Laura Frykberg reports.

▲ Hide Transcript

▶ View Transcript

In the technology world, products are more often than not, quickly outdated by newer models. No wonder then, Samsung has named a new generation of top managers, to fill the leadership vacuum, created, when boss Jay Y. Lee was convicted on bribery charges earlier this year. (SOUNDBITE) (English) CMC MARKETS ANALYST, MICHAEL HEWSON, SAYING: "At the moment, while business is doing very, very well, and is in calm waters, it will hit stormy waters and in the absence of a captain on the bridge I think it could find it much more difficult to adapt to changing business conditions." The managers are all Samsung insiders, suggesting no change in direction of the South Korean tech giant. Except perhaps when it comes to the firm's traditionally low dividends. It's promised $26 billion in payouts to investors until 2020. Samsung also says third-quarter operating profit nearly tripled the same period a year earlier, while revenue jumped 29.8 percent.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

New Samsung bosses spark investor confidence

Tuesday, October 31, 2017 - 01:06

Featured Videos

No honeymoon just yet for newly wed royal couple

No honeymoon just yet for newly wed royal couple

The new Duke and Duchess of Sussex plan to hit the ground running as a royal couple
British gaming firm enlists army of players to create Worlds Adrift

British gaming firm enlists army of players to create Worlds Adrift

British game maker Bossa Studios releases Worlds Adrift, an ambitious adventure game designed that has taken three years and the up-front involvement of 50,000 gamers to create
England's innovative way to announce a youthful World Cup squad

England's innovative way to announce a youthful World Cup squad

England's World Cup squad announced by youngsters on viseo
Celebrities show their love (or indifference) for the royal wedding

Celebrities show their love (or indifference) for the royal wedding

Celebrities show their love or disdain for the royal family as Prince Harry and Meghan Markle's wedding approaches
Hemp-made electric scooter riding high in Amsterdam

Hemp-made electric scooter riding high in Amsterdam

A sustainable electric scooter called the Be.e developed by Dutch startup Van.Eko and made with a natural hemp body rolls on to the streets of Amsterdam