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Friday, November 14, 2014

Samsung’s decline in performance affects top executive’s pay

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Although Samsung has seen its financial performance decline recently, it still generates a massive amount of money. That decline, though, does affect the earnings of top executives. J.K. Shin, the man in charge of the company’s mobile division, saw his pay fall in the third quarter to $630,000 after earning $1.5 million in the preceding quarter. While Shin is not the only Samsung executive affected, he felt it the most because he leads the largest arm. The operating profit drop from 20% in the first quarter to 7% in the third.


Still, Shin has earned more this year than any other executive within the company at $10.9 million. And there is the entire fourth and final quarter of the year to work with.


Via: Digits (The Wall Street Journal)




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