Samsung Lee in coma, angry shareholder shelling accuses chairman of life profligacy

Since last May, Samsung's 73-year-old old chairman, Lee Kun-hee, has been in a coma. But Samsung shareholders seem unwilling to give him a chance to breathe.

At the Friday Samsung annual shareholders ' meeting, a man who only labeled himself as "shareholder No. 1814th" shelled Lee Kun-hee, attacking Mr Lee for spending too much on his life, and travelling abroad frequently on private jets.

The shareholder also claimed that Mr Lee's profligate money could have been used by employees of the company. "Chairman Lee Kun-hee cannot spend all his assets in his lifetime," the shareholder said in a mocking tone. ”

According to the Wall Street Journal, Samsung's vice-president and chief executive, Bang Oh-hyun Kwon, did not spend too much time arguing with the director, but quickly downplayed the issue, claiming it was "inappropriate".

The shareholder's discontent with Mr Lee may sound far-fetched, but it is not hard to see why. Samsung's recent profits have been a big disappointment for the industry, and the company's performance expectations are not encouraging. Samsung's revenues fell for the first time in 9 years in 2014, while the profits of the mobile sector in the recent quarter fell by as much as 64% per cent year-on-year. In particular, the Samsung mobile division has been one of the company's most worrisome sectors, as it is suffering from a strong impact on the iphone for high-end handsets, and has been squeezed by a string of new Chinese brand companies in low-end products.

In the face of all kinds of unfavorable situation, Samsung Company is not sitting ducks. In fact, Samsung has also been trying to reverse the company's unfavorable situation recently. Samsung wants the company's newest flagship smartphone Galaxy S6 to sell its market. At present, the Galaxy S6 has been some positive evaluation of the industry. At the same time, Samsung has been in the field of Internet and mobile payments and other areas of strong march, but also continue to introduce the ability to enhance the mobile experience.

In August 2014, Samsung bought a SmartThings company focused on networking equipment, trading at a price of $200 million. Just last month, Samsung also just bought the mobile payment company LoopPay, the price of the transaction is unknown.

Samsung shares edged up 0.69% per cent in Friday. Samsung's share price has risen about 8% since March 1, when it showed the Galaxy S6 smartphone to the Friday stock market close. (Yue Tong)