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Samsung Heir Lee Joins Board of Directors
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Lee Jae-yong, the crown prince of the founding family that controls Samsung Group, is getting expanded corporate power. Now comes the guessing game about what he’ll do with it.
On Thursday, Lee officially joined a nine-person board at Samsung Electronics Co., whose botched roll out of the Galaxy Note 7 smartphone has delivered a blow to a premier tech brand and cost the company billions of dollars in profit. The move gives the low-profile executive, also known as Jay Y., a big say over top management and strategic calls, including restructurings, mergers and asset sales.