Samsung shares hit record high, but the company slashes bonuses for the mobile division
That's not to say that the Note 7 episode has gone without repercussions at the company, though. After writing off $5 billion in profit for this and next quarters, Korean media is reporting that the mobile department will bear the brunt of the consequences.
Samsung has allegedly slashed the year-end bonuses of the division from 50% to 17% of the monthly income. That has been Samsung Mobile's incentive in previous years when the smartphone unit was the bright shining light in the company, but this year it will be the employees in the semiconductor department who will get the 50% bonus instead.
FCC OKs Cingular\'s purchase of AT&T Wireless
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