Failure to keep up in the smartphone race has cost another CEO his job. Today, just a week after Nokia bounced Olli-Pekka Kallasvuo, the board of South Korea’s LG Electronics, the world’s third-biggest maker of mobile phones, said that “Nam Yong offered to resign as CEO to take responsibility for the flagging performance.” He’ll be replaced by Koo Bon-joon, the younger brother of LG Group chairman Koo Bon-moo.
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