Samsung shares hit record high, but the company slashes bonuses for the mobile division
posted by Daniel P. / Dec 20, 2016, 9:05 AM
Buoyed by strategy evaluations and management structure reshuffles, Samsung shares are hitting record high today. The company is reportedly having internal meetings between departments this week to plot the course of action on the way to earn at least $25 billion of operating profit next year. These are encouraging signs that Samsung is trying to put the Note 7 recall behind its back, and look forward to 2017, the Galaxy S8, and the OLED iPhone 8 which is said to come with Samsung display panels.
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.That's not to say that the Note 7 episode has gone without repercussions at the company, though. After
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.
Gee I wonder why. I guess the mobile division was a bomb.
posted on Dec 20, 2016, 9:07 AM 12
Posts: 595; Member since: May 13, 2016
Still have and use my note7 and couldn't care less what nobody thinks.
posted on Dec 20, 2016, 4:21 PM 1
Posts: 797; Member since: Mar 05, 2016
The mobile division employees shouldn't get any bonus, considering the disaster that was the Note 7.
posted on Dec 20, 2016, 9:16 AM 1
Posts: 6959; Member since: Mar 04, 2015
I am not sure cutting it that much was right. Down to 25 % might have been more like it. But to all you that said Samsung is dead, they are still going strong.
posted on Dec 20, 2016, 10:33 AM 0
Posts: 424; Member since: Jan 10, 2015
I'm betting that Samsung is going to have a killer 2017 in the mobile division. And that's coming from someone that will probably buy a 2017 iPhone. Competition is what makes our phones great so don't waste time hating.
posted on Dec 20, 2016, 11:07 AM 2
Posts: 1043; Member since: Apr 11, 2012
Mobile division is the only one who gets small bonus? Why not the people who actually made the final decision on the design and purchasing division get the small bonuses? They are the one who's in charge of the product.
posted on Dec 20, 2016, 11:43 AM 0
Posts: 439; Member since: May 12, 2012
Aint you suppose to actually state the amount, like how high are they?? the whole article seems useless without that!!
posted on Dec 20, 2016, 2:42 PM 0
Posts: 30786; Member since: Feb 05, 2011
Make em earn the bonuses, by coming back strong in 2017. They shouldn't get any this year, for making the best phone ever...potentially the worst. 2017 hurry up, I need that bad ass Note 8 in my life.
posted on Dec 20, 2016, 3:16 PM 1
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