Korean Air

Discussion in 'Wall St. News' started by dealmaker, Mar 6, 2020.

  1. dealmaker

    dealmaker

    Korean Air

    Korean Air heiress Heather Cho (famed for her 2014 "nut rage" tantrum) is trying to engineer a shareholder revolt against her brother Walter, the chairman and CEO of parent conglomerate Hanjin Group. She backed an activist fund that is trying to depose Walter Cho, who is attempting to fend off the attack by suggesting he will agree to demands such as the sale of non-core assets. The family feud has actually led to a substantial surge in Hanjin's share price, though it fell 7.4% today. South China Morning Post
     
    Nobert and murray t turtle like this.
  2. schizo

    schizo

    Revolt or no revolt, I would not trust her to lead the airline. The girl is nuts, period.
     
  3. heispark

    heispark

    Actually, her whole family is nuts. They have some serious problem in anger control, which is common among Korean people. I guess that's because of very high population density (Seoul is 2nd top after Taipei) and extreme weather annual range (over 50 centigrades). Avoid Koreans if any possible.