Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Two jailed for forcing disabled teens into prostitution
-
3
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
4
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
5
S. Korea not to attend Sado mine memorial: foreign ministry
-
6
South Korean military plans to launch new division for future warfare
-
7
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
8
North Korean leader ‘convinced’ dialogue won’t change US hostility
-
9
Hyundai Motor’s Genesis US push challenged by Trump’s tariff hike: sources
-
10
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
Samsung mobile division execs return part of bonuses
By Korea HeraldPublished : July 18, 2014 - 20:49
Executives of Samsung Electronics’ mobile division returned about one-fourth of the bonuses they received for the first half of this year after the unit posted lackluster second-quarter earnings on slow smartphone sales, industry sources said Friday.
More than 100 executives in Samsung’s IT and mobile division reportedly returned a combined 3 billion won ($2.9 million) worth of their regular incentives, also known as the target achievement incentive.
TAI is distributed every six months based on the performance of each business division. So far, the mobile division had been one of the major beneficiaries of this bonus.
Last week, Samsung, the world’s biggest technology firm by revenue, estimated that its second-quarter operating profit would fall to 7.2 trillion won.
(wone0102@heraldcorp.com)
More than 100 executives in Samsung’s IT and mobile division reportedly returned a combined 3 billion won ($2.9 million) worth of their regular incentives, also known as the target achievement incentive.
TAI is distributed every six months based on the performance of each business division. So far, the mobile division had been one of the major beneficiaries of this bonus.
Last week, Samsung, the world’s biggest technology firm by revenue, estimated that its second-quarter operating profit would fall to 7.2 trillion won.
(wone0102@heraldcorp.com)
-
Articles by Korea Herald
