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Samsung boss can still pull the strings from prison

Tuesday, March 14, 2017 - 01:09

Samsung chief Jay Y. Lee may be in a jail cell, but he's allowed plenty of visitors, which could allow him play a key role in corporate decision-making from behind bars. Ryan Brooks reports.

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He may be locked up in a South Korean prison cell, But Samsung boss Jay Y. Lee could still be running the show. Lee is being held on charges of bribery, embezzlement and perjury for his role in the massive corruption scandal that's already toppled president Park Geun-hye. But he's still allowed plenty of visitors and that could enable him to play a key role in corporate decisions. Under South Korean law, Lee can meet with any of his attorneys as often as he wants. He's also entitled to 12 hours a month of visits from anyone else, including Samsung execs. Still, running South Korea's largest conglomerate this way can't be easy. Lee is barred from having a computer, and isn't allowed to take papers into cell. All he can do is read and review them during meetings. Despite the circumstances, Samsung hasn't named a replacement for Lee. One executive telling Reuters there is no plan B, and the company believes he'll be proven innocent. The company hasn't decided yet whether to seek bail. If the case heads to the Supreme Court, Lee will stay locked up until at least September.

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Samsung boss can still pull the strings from prison

Tuesday, March 14, 2017 - 01:09