• Samsung's Head of Mobile, JK Shin, Revealed to be Earning More than Tim Cook

    by
    Akshay Masand
    Published on 2014-03-31 02:51 PM
    9 Comments Comments


    According to a new report, Samsung’s head of mobile business, J.K. Shin, earns more than Tim Cook. In 2014, Shin received $5.8 million compensation, made up of a base salary of 1.17 billion won, and 1.6 billion won in incentives and performance bonus. In comparison, Cook only took home $4.25 million, which is slightly more than the $4.17 million he earned in 2012.

    Samsung didn’t disclose remuneration details of J.Y. Lee, its non-executive vice chairman and son of chairman Lee Kun-hee, who receives no salary from Samsung. It did however reveal that co-chief executive Kwon Oh-hyun, who heads the component business, earned 6.77 billion won, while third co-CEO Yoon Boo-keun, head of Samsung’s consumer electronic business received 5.09 billion won.

    The information comes in as a result of regulations being changed by the South Korean financial authorities, which requires listed companies to release the annual compensation details of executives who earn more than 500 million won. The move appears to have been criticized by some since it doesn’t reveal details of high profile owners of business conglomerates, who regularly assume non-executive titles.

    Source: Reuters
    This article was originally published in forum thread: Samsung's Head of Mobile, JK Shin, Revealed to be Earning More than Tim Cook started by Akshay Masand View original post
    1. Categories:
    2. Apple
    Comments 9 Comments
    1. Magnum's Avatar
      Magnum - 2014-03-31, 04:41 PM
      And we care why?
    1. Christophxr's Avatar
      Christophxr - 2014-03-31, 05:46 PM
      Quote Originally Posted by Magnum View Post
      And we care why?
      Because knowing how much the executives of the companies that produce the products we consume take home is kiiiind of a big deal, guy.
    1. ggab's Avatar
      ggab - 2014-03-31, 05:58 PM
      Quote Originally Posted by Christophxr View Post
      Because knowing how much the executives of the companies that produce the products we consume take home is kiiiind of a big deal, guy.
      Why?
    1. luvmytj's Avatar
      luvmytj - 2014-03-31, 06:00 PM
      Of course he does. There is more profit to go around when you get all your research & ideas from other companies to produce products. And no, we don't care.
    1. swifty7's Avatar
      swifty7 - 2014-03-31, 10:10 PM
      I bet that pisses off Tim Cook and like everybody else here.....who gives a hoot. Their salaries don't pay for my bills....so why should I care? With all the crappy decisions Tim Cook has made he doesn't deserve it anyway....so! there!
    1. Jozelito617's Avatar
      Jozelito617 - 2014-03-31, 11:40 PM
      Hahaha am3n! It's like all my school learning time i never learned from teachers to pay my bills... ******* **** wasted 12 years of nothing. FmL! Fk rich peoople!!!
    1. bigboyz's Avatar
      bigboyz - 2014-04-01, 02:59 PM
      Yeah, this info is irrelevant. These guys and the rest of the big business leaders all make hand over fist money. If not in salary then in stock options. It comes with the turf..we all know this already.
    1. zeppy's Avatar
      zeppy - 2014-04-02, 04:52 AM
      Good people will mentally pretend that their exact dollars spent on Apple products in the past actually went to the deserving talented creative humans that actually designed and created the terrific Apple products.

      If Apple was the only producer of smartphones, Apple would still be selling iPhone 4 type devices with a locked-down iOS 4.xx and charging those stupid enough to pay - $1000 per phone.

      The great things that Apple has achieved is in large part a response to the actions of Apple's competitors.

      Let Competition Continue to make the world a better place!

      Apple Cheats
    1. Alluziion's Avatar
      Alluziion - 2014-04-02, 12:03 PM
      Let's not forget that Tim Cook was awarded $378m of deferred stock when he was appointed CEO in 2011.

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