Samsung's CEOs suffer a drop in income over 2015
It seems the new strategies are working, as signs of recovery can be seen in reports and forecasts, but it is apparent that Sammy just isn't selling as much as it would like yet. Earlier reports suggested tha the company is expected to order less high-end smartphone and tablet components in Q1 2016, and now, The Korea Herald posted information, which shows how the salaries of Samsung Electronics three co-CEOs have dropped this year, when compared to 2014.
Over the first 9 months of 2015, vice chairman Oh-Hyun Kwon received a salary of $3.25 million, including $1.9 million in bonus. That's down from $5.3 million he received by this time last year. CEO of the consumer electronics business division Boo-Keun Yoon received $2 million, down from $3 million a year ago. Mobile business CEO Jong-Kyun Shin took the biggest hit, as his salary fell from $10.2 million to $1.95 million. According to the reports, the salaries remained almost the same, but there was a huge cutback on bonuses and incentives, which resulted in the 30%-80% drop in overall compensations.