- Last Active
Battery problems with the Note 7 led to two recalls and the eventual termination of the product. In January, Samsung estimated that the debacle would cost it $5 billion, without factoring in any damage to its reputation.
Lee is accused of directing money to Choi Soon-sil, a close friend of ousted South Korean President Park Geun-hye, in return for political favors -- above all, support from the National Pension Services for a 2015 merger between Cheil Industries and Samsung C&T, which gave Lee more power within the Samsung Group. On Friday, the executive appeared in a Seoul courtroom. Other Korean corporations have also been accused of undue influence.
Every 10 weeks my wife and I drive over the hill from Santa Cruz to San Jose and Cupertino to stock up on groceries at Asian markets. One of them, Ranch 99, is on Wolfe Road right across from Apple Way, the private road entrance to Apple Park. One must really see the building close up to appreciate the beauty of this structure. We went last Friday and it's really breathtaking. Can't wait until our next trip when parts of it should be open to the public.