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LG Electronics CEO resigns

LG Electronics CEO steps down
| Business, Financial & Legal News | Posted: Sep 17, 2010 6:08 am

Looks like life is not, in fact, good at LG.

 

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CEO Yong Nam has just stepped down as CEO of LG Electronics wanting to "take responsibility for the slack performance", which in my opinion isn't all his fault, it's the market we're in right now. Unless you're Apple, you just don't seem good enough.

 

He's not the only CEO of a large company to step down lately, HP and Nokia have had them step down in the recent months too. Yong was only CEO for a short 3 years and nine months also.

 

But, sometimes it takes something like this for a company to re-shape, re-design itself and get some of that "we can do it" attitude. It might be a sign of good things to come from LG.

 

NEWS SOURCES:Engadget.com

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