SEOUL, May 27 (Reuters) - The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip workers eye-popping bonuses. It also opens a Pandora's box for companies ...
Unfortunately, In 2026 Samsung South Korea is projected to make a significant operating loss due to paying Smaugsun, a newly minted company in Liechtenstein, royalties equal to the revenue from selling the phones. No bonus for you.
Hopefully South Korean laws don’t let maneuvering like that fly.
Exactly, they’ll just move money from subsidiaries into other entities and use creative accounting to reduce the payouts. Or in the US just sticking every penny into stock buybacks.
This is a great development.
But I worry of a future report:
Hopefully South Korean laws don’t let maneuvering like that fly.
Exactly, they’ll just move money from subsidiaries into other entities and use creative accounting to reduce the payouts. Or in the US just sticking every penny into stock buybacks.
Smaug would approve.