• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Geeky Gadgets

Gadgets and Technology News

  • Home
  • Apple
  • Android
  • Deals
  • Gadgets
  • Technology
  • Hardware
  • Gaming
  • Cars


Samsung Executive Get Pay Cuts As Profits Decline

7:24 am November 16, 2014 By Hammad Saleem

  • Share
  • Tweet
  • Pin
  • Email

samsung-logo1111

Samsung is not having the best year in terms of revenues. This is mainly due to the fact that it’s sales are falling, resulting in fall in revenues. And, it’s not just the revenues which are being affected, this also means that executives will get pay cuts as well.

According to a regulatory filing submitted by Samsung on Firday, CEO J.K Shin earned 689 million Korean won, that’s almost $630,000 in the third quarter of the year. Compare it with the last quarter when the executive managed to earn 1.7 billion won, almost $1.5 million.

The year is not turning out to be a good one for the Korean giant so far. The company reported a 60 percent fall in its net profit for the third quarter, compared to the same quarter last year. Furthermore, the company’s mobile division was hit hard as well, with its operating profit margin falling from 20 percent in the first quarter to 7 percent in the third quarter.

As a result, Shin’s  wages, which includes his salary and performance bonus, has suffered a decline as well and it’s bigger when compared with his co-CEOs from other divisions.

Now, Samsung is working on curved displays to boost the demand for its handsets, and we’ve seen the Galaxy Note Edge to be one of the first ones, offering a curved display on the right side of the device.

Source: WSJ

Filed Under: Gadgets News

Latest Geeky Gadgets Deals


Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn more.

Primary Sidebar

  • Email
  • Facebook
  • RSS
  • Twitter

Top News

Apple Watch Band

Mudra Apple Watch Band adds gestures controls to your wrist

Gigabyte PCIe 4.0 Aorus Gen4 SSD

Gigabyte PCIe 4.0 Aorus Gen4 SSD unveiled

Nixie clock

Nick IN-16 ESP8266 Nixie Clock $129

DOOM Switch

DOOM Eternal Switch performance analysis by Digital Foundry

Xchng experimental video rig

Expand your creativity with the Xchng experimental video rig

Last Minute Deals

Apple News

Apple Mac Pro

Apple is working on two new Mac Pro desktop computers

Apple iMac

Apple’s iMac is getting a major redesign and Apple Silicon

Apple is extending TV+ free trials

macBook Pro

2021 Apple Silicon powered MacBook Pro may ditch the Touch Bar

iOS 14.4 Beta 2 vs iOS 14.3

iOS 14.4 Beta 2 vs iOS 14.3 speed test (Video)

Technology News

USB2IO

Intel Cyclone 10 FPGA and STM32H7 MCU combined to create USB2IO high-speed interface explorer

CircuitPython

CircuitPython 6.1.0-rc.1 released

Samsung Galaxy S21 Ultra

Samsung Galaxy S21 Ultra shown off on video

Americans Spend More Time Using Apps Than Watching Live TV

Google Purchases Fitbit

Android News

Poco M3

Poco M3 launching 21st January in Indonesia

Samsung Galaxy Fold

Samsung Galaxy Fold gets Android 11 software update

Samsung Galaxy A52 5G

Samsung Galaxy A52 5G spotted at TENAA

Samsung Galaxy Watch Active 2

Samsung Galaxy Watch Active 2 gets new rose gold color option

Oppo Reno 5 Pro 5G

Oppo Reno 5 Pro 5G launched in India

Footer

About Us

  • About Geeky Gadgets
  • Advertise On Geeky Gadgets
  • Archives
  • Contact Us
  • Disclosure Policy
  • Free Newsletter
  • Geeky Gadgets Logo
  • Privacy Policy
  • Site Map

Further Reading

  • Auto News
  • Camera News
  • Concepts & Design
  • Entertainment News
  • Design News
  • Geeky Stuff
  • Apple iPad
  • Apple iPhone
  • Mobile Phone News
  • Sponsored
  • Tablet News

Copyright 2007 - 2020 Geeky Gadgets

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Geeky Gadgets
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

More information about our Cookie Policy