Head of Samsung Electronics Cos mobile business, J.K. Shin, received a $5.8 million compensation package last year, beating the paycheck of his counterpart at U.S. rival Apple Inc, the South Korean firm said on Monday in its first such disclosure under new regulations. By comparison, Apple chief executive Tim Cook received $4.25 million in 2013, little changed from the previous year when he had been paid $4.17 million. Shin, who has led Samsungs mobile business since 2009, has since overseen the launch of its flagship Galaxy handsets that helped it unseat Apple in the smartphone market and also sparked patent litigations the world over that claimed Samsung copied the look and feel of the U.S. firms iconic mobile products. Samsungs other co-chief executive Kwon Oh-hyun, who leads the component business, earned even more, taking 6.77 billion won home, while third co-CEO Yoon Boo-keun, the head of its consumer electronics business, received 5.09 billion won.
Samsung Electronics’ mobile head paycheck hits $5.8 million, beating Apple’s Cook
31
Mar
2014
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