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Samsung promotes son and heir closer to top job

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SEOUL (Reuters) – Samsung Electronics Co pushed the anointed heir of the company Chairman closer to the top job on Wednesday as the it cemented a global lead in smartphones with a stock price that is close to record highs. The promotion of the snappily-dressed and bespectacled Jay Y. Lee, aged 44, to the job of vice chairman comes after Samsung marked the 25th anniversary of his father Lee Kun-hee’s chairmanship last week. "It is a stamp of approval from the chairman that the vice chairman has shown capability to manage Samsung. . . .

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