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Samsung mobile chief retains job despite poor performance

Posted: 02 Dec 2014 ?? ?Print Version ?Bookmark and Share

Keywords:Galaxy S5? Note 4? Shin? Lee?

Apparently, the rumours are not true. The embattled mobile head of Samsung, J.K. Shin succeeded in keeping his job after the company opted to keep the man.

It would be remembered that Shin recently suffered a huge pay cut and that he may be replaced by B.K. Yoon, Samsung's consumer electronics chief, due to weak smartphone sales. The company reported its worst earning in the last three years. Its new models, the Galaxy S5 and Note 4, received an almost anaemic reception despite getting some nifty upgrades. In addition, Samsung is facing tough competition in China with home-grown brands such as Huawei, Xiaomi and Lenovo.

Apart from Shin, semiconductor business chief O.H. Kwon also gets to keep his job. Contrary to expectations, no big shake-up happened within the Korean tech giant. Almost all division heads kept their positions.

According to analysts, Samsung's acting chair Jay Y Lee may have opted for stability in light of his ailing father, chair Lee Kun-hee, who is currently in the hospital after suffering a heart attack. The company's timetable is also full right now with the restructuring of its operations, a move seen to reduce expenses and pay approximately $6 billion inheritance tax for Lee's children.

Nonetheless, this development does not mean Shin's neck is off the hook. Many analysts and industry spectators believe the mobile chief can still lose his job if sales of tablet and smartphone do not recover soon.

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