Samsung's CEOs suffer a drop in income over 2015

Samsung's CEOs suffer a drop in income over 2015
This year, Samsung drastically changed the way it builds its smartphones — inside and out, software and hardware. There was a reason for the sudden U-turn, of course, and that was the fact that the company's 2014 flagship and probably a big part of its midrangers weren't doing too good. For 2015, Sammy focused on building better-looking handsets with simplified user interface, and tightening the overall portfolio for the benefit of build quality. It also seems there is no morale lost in Samsung's lines, as CEO Kwon Oh-hyun said that the company understands its mistakes from the past, but is confident it will once again become an innovator, instead of a follower in the smartphone market.

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.

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24 Comments

1. murtazarzv

Posts: 14; Member since: Nov 22, 2011

Just to save money..on other side samsung is enjoying profits snd sales after after q3...thanx to s6,note 5,and j seriex

15. techandbeers

Posts: 110; Member since: Nov 02, 2015

Apple is demolishing Samsung.

17. Hallyu

Posts: 790; Member since: Jul 21, 2015

In your dream

21. gazmatic

Posts: 808; Member since: Sep 06, 2012

hahahahaha PA just did a story about just that... apple rakes in 95% of smartphone profit http://www.phonearena.com/news/Apple-now-rakes-in-95-of-the-smartphone-industry-profits_id75834

18. iushnt

Posts: 3105; Member since: Feb 06, 2013

Samsung is too big, not so easy to demolish..if they go down, they can come up too

23. nepalisherpa

Posts: 338; Member since: Jul 17, 2015

Do you know Samsung manufactures other things beside smartphones?

2. zeeBomb

Posts: 2318; Member since: Aug 14, 2014

Save money...live better.

14. natypes

Posts: 1110; Member since: Feb 02, 2015

You can do it, we can help.

24. nepalisherpa

Posts: 338; Member since: Jul 17, 2015

Walmart

3. Busyboy

Posts: 731; Member since: Jan 07, 2015

How did the mobile business chief get a higher salary than the CEO?

4. hohoho

Posts: 65; Member since: Dec 12, 2014

He's actually the CEO of mobile communications division

6. avishekmukherjee

Posts: 362; Member since: Apr 09, 2015

Very sad

10. shnibz

Posts: 510; Member since: Sep 18, 2011

Can we say "experienced a drop in income" because they aren't suffering. I promise

12. hanabi

Posts: 177; Member since: Oct 08, 2015

Samsung had 80 more CEOs from different devisions. Semiconductor ones earned a lot

13. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

If only this type of thing was done in America so that if a Company is not doing well because of the direction it management the CEO or board would suffer penalty in salaies and perks- instead of the golden parachutes we give out when they run the Company into the Ground ie.. Lemans Brother, Tyco, Global Crossing, Enron, MCI and the list goes on - If only all those salaries were tied to their performance where if the company's debt ratio was higher then its income they would not get paid. if only.....

16. techandbeers

Posts: 110; Member since: Nov 02, 2015

Phonearena: you guys need to turn off the ads that make words in comments clickable ads. You do realize it sometimes highlights "reply" or "post comment" making it impossible to comment?

19. darealist

Posts: 107; Member since: Feb 25, 2015

Next year will be even worse for Samesung.

20. MartyK

Posts: 1043; Member since: Apr 11, 2012

Samsung has very honorable leadership!!..All companies need this in place for poor performance.

25. ameran

Posts: 344; Member since: Dec 04, 2013

I don't Samsung or whoever, but it isn't fair that CEOs make so much money.

* Some comments have been hidden, because they don't meet the discussions rules.

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