Samsung Could Split As the Aftermaths of Note 7 Catastrophe

A major Samsung shareholder has spoken out strongly against the Note 7 incident, suggesting the company to be split into distinct formal and actionable components. In response, the tech giant has announced to hold a conference call at 9:30 A.M on Tuesday to discuss the plan.

Where on the one hand these 11 mind-blowing Samsung Facts and financial report say the otherwise,  it seems like the tech giant might bear some aftereffects of Galaxy Note 7 handsets catching fire. The subsequent recalls reportedly caused a conflict of opinion between the Samsung shareholders, possibly suggesting company’s split.

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Samsung is a huge enterprise, and most of its shareholders are also big companies. For instance, Elliot Management Fund, located in NYC, has suggested Samsung’s reorganization into two components: An operational and other to just maintain “ownership” responsibilities. The difference between the two is that the former is going to be the decision-making hand.

The hedge fund owns 0.6% Samsung shares and wants a ‘special dividend’ for Galaxy Note 7 catastrophe in the form of $26B in pay outs. The Korean company is going through a sensitive time, not in terms of overall profits, but in terms of executive changes because a great amount of money went down the drain and the blame is eventually going to land on a certain people.

https://www.youtube.com/watch?v=YXtkyMUBfrQ

Muhammad Waqas
Muhammad Waqas
Muhammad Waqas is an active technology journalist and news writer. He keeps his readers entertained with the hot and happening in the world of innovations and delivers the latest news as it breaks.

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