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Samsung shareholders express dissatisfaction with the executive board

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Samsung shareholders express dissatisfaction with the executive board

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Korean producer Samsung has been beneath a large number of fireplace from the shareholders in recent years for now not doing smartly sufficient in the cellular business. Things weren’t any other at the corporate’s annual shareholders assembly which used to be held in advance these days the place a couple of shareholders wondered the corporate’s most sensible management and their extravagant life.

One shareholder stated “Chairman Lee more than likely gained’t be capable of spend all of his cash all the way through his lifetime“, speaking approximately how the CEO Lee Kun-hee spent out of the country journeys flying on personal jets and staying at pricey lodges and different institutions.

Co-CEO and Vice Chairman Kwon Oh-hyun brushed apart those phrases by way of tagging them “beside the point” for the assembly.

The shareholders additionally recommended the corporate to speculate extra in S&W, one thing which Samsung is already doing. They additionally requested for an building up in dividends, that is not unusual for a shareholders assembly. Samsung has promised a 40% building up in dividend payout for 2014.

With the statement of the Galaxy S6 and the Galaxy S6 Edge, Samsung is for sure on the proper trail against making the shareholders happier, however it used to be not at all a very easy assembly for the Korean producer lately.

Source: WSJ


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