Pakistan Information & News

 In Samsung Group corporate lore, it was the dawn of a new era. After reading a harsh report by a Japanese adviser on the rigid and outdated management practices at South Korea’s biggest conglomerate, Chairman Lee Kun Hee summoned 100 top executives to a June 7, 1993, meeting at the baroque Kempinski Gravenbruch Hotel, a former hunting lodge near Frankfurt. The reclusive billionaire angrily lectured his brass on the urgency of developing world-class, trend-setting products—and made them watch a 30-minute video documenting shoddy production of Samsung washing machines. “Change everything,” Lee ordered, “except for your wife and children. Nobody disputes the magnitude of the management transformation that followed. In 15 years, flagship unit Samsung Electronics has gone from a mass producer of me-too goods to one of the world’s premier brands of cell phones, digital TVs, refrigerators, and memory chips, overtaking Sony (SNE) as the world’s top electronics company. Samsung Heavy Industries is now the world’s No. 2 shipbuilder, and the group’s construction, insurance, brokerage, and trading units are tops in Korea. The $160 billion Samsung Group is by far Korea’s biggest chaebol, or conglomerate. While most other chaebol split up or sharply narrowed their focus after Korea’s 1997 financial crisis, Samsung today accounts for 18% of Korea’s gross domestic product and 21% of exports. Few at the time, however, appreciated how serious Lee was about the second half of his famous dictum, the part about family loyalty. Lee’s wife and children, in fact, seem to have become even more entrenched within the group. The 66-year-old chairman and his family own just a sliver of shares of the chaebol’s 59 affiliates, yet they assert astounding control. For example, while they have only 3% of mighty Samsung Electronics, the Lees have final say over strategic decisions and major appointments. The family has retained this grip despite years of assault by reformers that brought down the powerful chiefs of the Daewoo, Hyundai, and Ssangyong groups. A Samsung spokesman says other shareholders support Lee family control. Now fortress Samsung is under siege. On Apr. 17, an independent counsel appointed by Korea’s Parliament indicted Lee and 9 of his senior executives on charges ranging from tax evasion to breach of fiduciary trust after nearly four months of a sweeping probe. The investigation has opened a window into the Byzantine ways that the Lees have been able to assert so much control over the far-flung group. Special prosecutor Cho Joon Woong said that Lee Kun Hee owned $4.6 billions of dollars worth of stock in insurer Samsung Life and other companies, cash and bonds that were hidden in some 1,200 brokerage and bank accounts in the names of former and current executives. Lee’s holdings, prosecutors suspect, were kept secret so that he could avoid paying hefty capital gains taxes on trades.

Popularity: 1% [?]

Fans are being used sine long time. Egyptians pharaohs were fanned by their slaves with huge lotus leaves; ancient Greeks and Romans used their own versions, often trimming their fans with peacock feathers. The folding or pleated fan is thought to have been invented by the Japanese in about a.d. 700 and may have been modeled after the way a bat folds its wings. The fan served both practical and ceremonial functions in China and Japan. Indian Mughals also use the fans made of leaves.

As the peoples advance the fan also  change its shape speed and functions too. The manual fans changed to operate through animals then the electricity is being use to move it. Now even one can buy a remote control fan and can easily make it move according to his desire with the press of tiny buttons. The famous companies  manufacturing fans are Casablanca fan , Craftmade, Ellington fans, Fanimation , Hunter Fan Company, Luceplan, Matthews Fans, Minka Aire, Modern Fan Company, Monte Carlo, NuTone, Quorum and Westinghouse.

Now a days  the ceiling fans also give an extra touch to homes. The fans are in different colors sizes and designs to choose. Christmas is coming and the ceiling fan sale is at high. The fan supply stores are displaying different brands to choose. The Christmas color combination fans are also available to buy.

Farreys.com offers thousands of unique ceiling fans and ceiling fan accessories from more than a dozen popular ceiling fan manufacturers including: Casablanca, Craftmade, Ellington, Fanimation, Hunter Fan Company, Luceplan, Matthews Fans, Minka Aire, Modern Fan Company, Monte Carlo, NuTone, Quorum and Westinghouse. Visitors may shop by ceiling fan brand or by ceiling fan style. Our ceiling fan customization system assists in configuring and ordering ceiling fans to exact specifications with all accessories. 

Popularity: 2% [?]