Samsung's Head of Mobile, JK Shin, Revealed to be Earning More than Tim Cook
According to a new report, Samsungís 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 didnít 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 Samsungís 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 doesnít reveal details of high profile owners of business conglomerates, who regularly assume non-executive titles.