An employee Samsung it has been reported that the company’s top management is unable to understand the “cause of the problems”. A new report from News NCR says investors, along with hedge funds Petra Capital Management and Dalton Investments, have expressed concerns about Samsung’s rigid corporate tradition. The leadership of the Korean giant is currently entrusted to Lee Jae-yong, the company’s vice president and de facto chief.
Where the company should focus on innovation, especially with its division ExynosChan Lee, managing associate at Petra Capital Management of Seoul, says the opposite is happening, favoring faster growth and financial returns.
A young Samsung engineer is said to have written a letter to the management team in April explaining that Samsung’s researchers were tasked with achieving “impossible” goals and even tackling a toxic work culture. The unnamed employee further states that Samsung’s top management cannot comprehend the gravity of the situation, and here are the two words about it:
It seems that the supreme decision maker is unable to grasp the root of the problems. I’ve heard quite a few “crisis” stories, but I think this moment is more dangerous than ever.
Source: Lega Nerd
