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
I.S. defeat in Raqqa expected within days -Kurd militia
I.S. defeat in Raqqa expected within days -Kurd militia - 01:35
UK fishermen see Brexit boom, but there's a catch
UK fishermen see Brexit boom, but there's a catch - 01:57

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In the technology world, products are more often than not, quickly outdated by newer models.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

Solving the 'Brexodus' of workers

Solving the 'Brexodus' of workers

Britain’s imminent departure from the EU raises the prospect of a serious migrant labor shortage – and a robot that picks fruit is being touted as one solution
Scientists scramble to save axolotl salamander

Scientists scramble to save axolotl salamander

Mexico's axolotl salamander faces a doomsday scenario: dirty water, ravenous non-native fish and the steady encroachment of one of the world's biggest mega-cities
Home is best for new breed of Nigerian tour operators

Home is best for new breed of Nigerian tour operators

Entrepreneurs in Nigeria want to make their country as appealing as other African hotspots like Kenya and Tanzania
How rugby could tackle Japan's tattoo angst

How rugby could tackle Japan's tattoo angst

World Rugby has advised players to cover-up tattoos during next year's World Cup in Japan, but many advocates for the body art hope the arrival of inked athletes sparks a debate in a country with a complicated relationship with tattoos
A second chance for 300 derelict islands in Dubai

A second chance for 300 derelict islands in Dubai

Three hundred man-made islands. Streets with artificial snow under a desert sun. This ambitious real-estate project in Dubai has laid largely dormant since the 2008 financial crisis, but one developer is trying to make it come back in a big way