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Geoffrey Cain

πŸ‘€ Speaker
631 total appearances

Appearances Over Time

Podcast Appearances

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

So it is massive and so tied to the success or the failure of South Korea.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

It's the company that's the nameplate brand of South Korea.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

What Samsung does reflects on the country.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

I was absolutely surprised because getting to this point has been a seemingly never-ending succession of scandals and jail sentences.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

It's just been wild.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

It's really stunning what Samsung has done.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

A lot of people did not expect so much money to come so seemingly easily.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

But one of the reasons why Samsung and other Korean companies have behaved this way in the past, resisting these payments, is exactly that reason.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

They complain that they just have a sky-high inheritance tax rate, and it's unreasonable by the standards of most developed economies.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

It was a reluctant payment.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

It was something that they were trying to avoid for many decades.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

They really wanted to lessen the burden of this inheritance tax.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

But the bottom line is that Samsung has been through so many scandals over its history.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

Jay Lee himself, the chairman,

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

has been through scandal after scandal, even as he has been rising to the chairmanship.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

And so the bottom line is that if they fight this, there's going to be trouble for Samsung.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

There's going to be trouble with the government, with regulators, with the population, with the citizens who are not always so happy about the outsized power of Samsung.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

So they just have to bite the bullet and they have to pay it.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

That's that.

Global News Podcast
US strikes Iranian boats in Strait of Hormuz

It says a lot.