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.

source: Reuters

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25 Comments

1. tech2

Posts: 3487; Member since: Oct 26, 2012

There is more to them than just their basic salary. Share allocation, returns and bonuses on achieving performance targets are also some other ways they earn incentives.

2. androiphone20

Posts: 1654; Member since: Jul 10, 2013

There's also a mystery that Steve Jobs's salary was once $1, you just a dollar

11. The13thKing

Posts: 849; Member since: Feb 26, 2014

he owned shares in apple, he didn't need the salary. but anyways, so much respect for the guy.

3. fanboy1974

Posts: 1345; Member since: Nov 12, 2011

Steve Jobs salary was only a $1. They all have loopholes.

6. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

He got paid in stock and off set his taxes with his 1.00 salary, and paid 15% stock tax every time he needed cash he just liquidated shares paid 15% in taxes and got fools like us to cheer lead how nice he is to work for such a low wage.NOT! Not I either because I know how the game goes for the rich, we pay 40% they pay 15%, and when they write things off like vacations, and business meetings they pay 12% like Mitt Romney does. No hate since it's legal join them or die huh!

9. Just.Saying

Posts: 132; Member since: Apr 04, 2013

Exactly, I wrote a paper on Jobs salary of $1 back in business school. The stock he received was worth millions from apple alone. Leave alone his 6% share in walt disney

17. Jommick

Posts: 221; Member since: Sep 10, 2013

Some people game the tax system just like some game the welfare system. I have a hard time believing people who make $100,000/year who say that they would never do something like that for money; yet they sacrifice 100+ hours per week for that low of a salary and never see their wife or kids.

10. InspectorGadget80 unregistered

May i remind u that even though Jobs only have a 1$ salaray his STOCKS are higher than his regular hour paycheck worth millions. so what's the point in seeing how much A CEO makes it's not like they work as hard as some people do.

4. iushnt

Posts: 3122; Member since: Feb 06, 2013

Wish i could own Samsung group someday..:P

5. theminolaboy

Posts: 128; Member since: May 18, 2013

What does it feels like to be swimming in millions of dollars?

7. rayman173

Posts: 61; Member since: Nov 21, 2011

I wonder how much bacon would that buy me?

8. Lt.Green

Posts: 397; Member since: Mar 13, 2014

Adopt me!

12. rantao333

Posts: 346; Member since: May 21, 2013

so can i say money eating samsung ?

13. N-E-X-U-S

Posts: 8; Member since: Sep 22, 2013

Is that why they had to cut back on the design of the s5?

14. Gemmol

Posts: 793; Member since: Nov 09, 2011

yeah thats why

16. Awalker

Posts: 1982; Member since: Aug 15, 2013

You can make a nice looking plastic phone. They just have no sense of design.

23. N-E-X-U-S

Posts: 8; Member since: Sep 22, 2013

I agree, like the LG G2 for instance.

15. kevinhope5

Posts: 53; Member since: Feb 06, 2014

Aaah that's nothing! CEO Of PSMAS Cuthbert Dube in Zimbabwe earned $6.4 million in 2013. Google it.

18. Lampriya

Posts: 245; Member since: Oct 05, 2013

If only they give me 1million ..... :)

19. 1ceTr0n

Posts: 549; Member since: May 20, 2012

Meanwhile, us "grunt" workers of society making under 50k a year and working our taxed asses off....

20. sip1995

Posts: 1771; Member since: Feb 07, 2014

What about Bill Gates ?

21. 1ceTr0n

Posts: 549; Member since: May 20, 2012

Makes them look like homeless street walkers

22. amasog

Posts: 552; Member since: Aug 22, 2013

even if they earn 1 cent a year, or a billions of dollars a year, so what???

24. Khepera

Posts: 8; Member since: Mar 06, 2013

So....

25. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Samsung is a much bigger company, they can afford to pay more. After all, they actually make stuff. Apple has NEVER made a single product. So since there is most cost in making things, Samsung can pay out more money if they can get production at less cost. Which in the case where Samsung uses as much of their own stuff as possible, there is less cost overall.

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