Samsung mobile Phone department executives return 3 million dollar bonuses to blame for falling profits
Source: Internet
Author: User
KeywordsSenior executives Samsung
Despite the popularity of Samsung smartphones, many of its employees are under pressure, according to The Verge, the company's technology website. About 200 executives at the Samsung mobile devices business have returned 1/4 of the bonuses they have just received, up to $2.92 million, Reuters reported. The move is intended to show that they are willing to share the responsibility for the decline in Samsung's performance and will work hard to overcome the difficulties. The return of bonuses is not uncommon in Korean companies, especially in listed companies. In the first quarter of 2014, Samsung was said to be earning as much as $8.23 billion. Although the figure is already high, it has fallen compared with the 8.528 billion dollars a year ago. In the second quarter, Samsung's profits will fall again. Even though Samsung's profits were more than $8.5 billion trillion in the second quarter of 2013, they still fell below Wall Street's expectations. In the second quarter of this year, Samsung expects its profits to be about $8.244 billion trillion. That means Samsung's profit growth continues to slow, and apparently its executives have noticed. Sail)
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