Samsung for a while now, have constantly been trying out new measures to win the US market which has been sorta dominated by Apple. The company involved quite a number of measures like offering test devices to US customers amongst others.
Luckily for the company, those measures resulted to an increase in sales for Samsung in the third quarter of 2015 that they even sold better than Apple compared to sales record in 2014. However, the figures didn’t meet up to expectation.
While Samsung’s sales report for 2015 looked promising, everything may not seem all gratifying for the company as reports has it that Samsung plans to lay off executives soon in other to cut cost.
More so, reports released earlier before now has it that Samsung is expected to order less high-end smartphones and tablet components in the first quarter of 2016 and now, The Korea Herald posted information showing how salaries of Samsung Electronics three co-CEOs have dropped this year compared to last year been 2014.
Vice Chairman Oh-Hyun kwon, who is the highest paid CEO, over the first nine months of 2015 (January to September), received a salary of $3.25 million including $1.9 million in bonus. That’s down from $5.3 million received within same period last year.
Boo-Keun Yoon, who is the CEO of the consumer electronics business division, received $2 million, down from $3 million last year. Jong-Kyun shin, who is the Mobile business CEO, had a salary decrease from $10.2 million to $1.95 million. Apparently, he received the biggest blow compared to other CEOs who also suffered a decrease in salary.
You may be wondering why there is a drop in the co-CEOs salaries owing to the fact that Samsung did better in terms of sales this year compared to last year sales. Well, Samsung haven’t officially given any statement regarding this and probably won’t. However, reports has it that there was a huge cut off on bonuses and incentives which lead to the 30% – 80% drop in salaries. Anyway, it’s almost the end of 2015 and we’d be eager to seeing more reports on how many smartphones were sold in 2015 and most importantly, how much money the company made this time.