Samsung gets sound business advice from 11-year-old shareholder
When Samsung’s top brass was making its way to the company’s Seocho office in southern Seoul to attend its annual shareholder meeting the executives probably weren’t expecting to get an earful from the company’s youngest shareholder. Identified only by his surname Yu in local media reports, the fifth-grader stood up and commented on Samsung’s recall of the Galaxy Note 7 during the shareholder meeting earlier today.
The 11-year-old owns two Samsung Electronics shares which he reportedly bought after saving his pocket money. His words of wisdom for the executives? “I would like to say that I hope, regardless of how long (the development) would take, there would be no more incidents like the explosion of Galaxy Note 7 again.” That’s sound business advice.
While calling his attendance of the meeting “historical,” Samsung Electronics Vice Chairman Kwon Oh-hyun said that the company will accept such opinions from young shareholders “and reflect them in our business.”
Yu owns two shares of Samsung Electronics but according to reports, he doesn’t own a smartphone as yet, but he said after the meeting that he hopes to buy LG’s V20. How ironic!