Prosecutors’ decision to seek the arrest of Samsung Group heir Lee Jae-yong threatens to knock one of the world’s biggest companies off course—and, represents a significant challenge to South Korea’s large, family-run companies.
Baby boomers’ mandatory withdrawals from 401(k)s, IRAs and other tax-deferred retirement accounts start in full force this year. The obligatory outflows are expected to ripple through the U.S. economy, the stock market and a money-management industry.
Success with a deal for IBM personal computers led China’s Lenovo to underestimate the difficulty of reviving smartphone company Motorola Mobility. “We underestimated the differences of the culture and the business model,” says the CEO.