Samsung’s chairman was so unhappy with its products, he burnt $50 million worth of products in front of their employees

This was back in 1996., in Gumi, South Korea, home to one of Samsung’s biggest production plants. Back in the 90s Samsung was known for their AC units and TVs. However, their chairman, Kun-Hee Lee had bigger aspirations for the company.

The first step towards Samsung’s transformation was a cell phone that the chariman had sent out as his New Years gift in 1995. Word came back that the cellphones didn’t work. So, Lee visited the plant in Gumi and made all 2,000 employees wear headbands that said Quality First.

He then took them to the courtyard where their entire inventory was, about $50 million worth, with a banner that said Quality is my pride. He lit the whole inventory on fire and made them watch it burn to teach them a lesson.

You might consider the lesson learned. Since then, Samsung has become one of the biggest technology companies in the world.

Source: OMG-Facts

(Source: omg-facts.com)