Korean Air’s infamous 'nut rage' scandal was one of a string of embarrassing incidents leading up to the shareholder vote
SEOUL—Shareholders voted to remove Korean Air Lines Co.’s chairman from the board after a string of scandals engulfed the company’s ruling family, a rare rebuke for one of South Korea’s family-run businesses that have operated for decades with little investor opposition.
Cho Yang-ho, 70 years old, lost his bid to stay on the nine-member board of Korean Air, a major component of one of South Korea’s largest business empires, after narrowly falling short of the two-thirds support required. The vote ends Mr. Cho’s 27-year tenure...
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