It appears that Samsung CEOs are feeling the impact of the poor sales performance, this is according to the latest report from the Korea Herald – In the report all three co-CEOs have seen a drop in their annual income.
Samsung’s regulatory filing showcases the following information:
- CEO Kwon Oh-Hyun received 3.82 billion won (about $3.25 million USD), compared to 6.25 billion won in 2014.
- CEO Yoo Boo-Keun received 2.34 billion won, compared to 3.61 won in 2014.
- CEO Shin Jong-Kyun received 2.28 billion won, compared to 12.03 billion won in 2014.
I am sure most of you are looking at the reductions like
Trust me, even if you feel they still earn a lot to not feel bothered, the drop is very significant to them – It’s like the case of dropping to a Lamborghini after using a Ferrari.
According to Android Authority, their actual salaries were not really affected. The reductions only affected their bonuses. Now, if the top Samsung CEOs are seeing a reduction, it means that Samsung’s employees might also see a salary reduction.