Samsung Share Buyback for Chip Bonuses Faces Shareholder Revolt
Samsung Electronics' plan to fund employee bonuses, particularly for its chip division, through share buybacks is encountering significant resistance from shareholders. A group of shareholders has vowed legal action against this proposal and a tentative wage deal with the union.
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Samsung Electronics to ramp up share buybacks to fund chip bonus
Samsung Electronics is expected to accelerate its treasury share buyback to fund a special bonus for its chip employees under a tentative labor agreement reached to avert a planned strike, Herald Business reported on Thursday. Under the pending agreement, the company will allocate a special semiconductor performance bonus equivalent to 10.5 percent of business performance earnings. The bonus will be paid in treasury shares over the next 10 years without a cap. Considering the chip giant holds ro
By The Korea Herald
Read full article →Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union - Yonhap News Agency
Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union Yonhap News Agency
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