Samsung Mobile's CEO received a $5.8-million salary in 2013, Apple's Tim Cook "just" $4.25 million
Have you ever wondered how much money do the high-ranking executives of the major smartphone manufacturers make a year, exactly? Well, the largest phone company in terms of volumes at the moment, Samsung, just revealed some inside information about the salaries of its CEOs.
Apparently, J. K. Shin, the current CEO and President of Samsung Mobile, received a $5.8-million paycheck back in 2013, the South Korean company revealed. This puts him well above Tim Cook, the CEO of Samsung's biggest rival – Apple. Cook's compensation for last year was roughly $4.25 million, a little more compared with his $4.17-million salary for 2012.
Some other high-ranking Samsung executives, such as Vice chairman Kwon Oh-hyun and co-CEO B. K. Yoon, are well-paid, too – in 2013, they received roughly $6.35 and $4.77 million, respectively.
These is the first time Samsung discloses such information after the regulations in South Korea got changed several months ago. The Korean companies with executives that receive more than $469,500 (500 million won) annually are now required to detail information about their paychecks in the business filings and their financial reports.