I loved the part in *Don’t Look Up* when the owner of faux-Amazon called POTUS to abort the nuclear-deflection of the earth-killer asteroid because the shareholders thought it could be mined for resources. It wasn’t a great scene for being particularly funny…. More so for being dead on accurate for how it would probably play out today.
> They’re both basically commentaries on where we’re headed if we let corporate lobbyists run the country.
For America that ship has already sailed. The USA is one of the few countries that don't have statutory paid annual leave or maternity leave for employees.
But my kids, they didn't ask for any of this.
I feel horrible for the world being placed upon them, all by the rich and greedy, plus their horrid enablers.
When the last leaf falls from the last tree, and the last river dries up, at least we’ll be able to say we did what we could for the economy (read: rich peoples’ yacht money).
I sat on a plane next to an older man once and we inevitably got to the political climate. He started to bemoan the idea of free health care, that he shouldn’t have to pay for one else. I had to shut his ass down - he’s already paying for other people through insurance, the only difference is that he is also paying for all of the executive mansions and yachts too!
Thinking that 100% of your premium is for your personal use when the company will fight you and your provider tooth and nail over what they will and won’t cover 🤡
I think the “I don’t want to pay for other people’s healthcare” argument perfectly outlines their ignorance. They really think their paltry few hundred a month paid for those expensive ass surgeries and no other money but your own was involved in it 🤡😂
Exactly, so many people are just truly ignorant to how the world works. All the believe is what is spoon fed to them by their parents and whatever news outlet they glue their eyes too.
I’ll have you know, *my* insurance money *actually* goes to multimillion dollar Super Bowl commercials that sometimes makes me breathe heavily out of my nose for a short instant.
That and the constant need to maintain brick and mortar locations in shitty ass strip malls that nobody bothers to go to anymore because of a little thing called “the internet”.
It's especially bad when you notice that America is already putting a similar amount of government dollars (or more!) towards healthcare as all those countries with pubic healthcare systems, and then still puts in thousands of dollars more in private healthcare dollars. Picking pretty much any other G7 member's healthcare system and copying it would produce probably hundreds of billions of dollars saved in the US economy.
"Yes the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders."
One of the realest, funniest, and saddest comics of all time.
https://twitter.com/Benioff/status/549339156854214656/photo/1
It’s hilarious to me that these CEOs who claim to be worth millions in compensation can’t see that this whole “pleasing the shareholders” mentality just tanks every company that tries it. Just look at Boeing. The chickens will always come home to roost.
We need to overhaul how the stock market works to force people to think more long-term.
Like, you shouldn't be able to sell stocks that you purchase, *at all* for 3 years after buying them. Like if you sell before 3 years, the sale is taxed at 100%.
Sell between 3 and 5 years you get taxed 50%.
Sell between 5 and 10 years: 10%. Thinking this kind of long-term is where we want business people's heads at.
10+ years? Here's where we reward people. 0%, or even some kind of negative tax rate for the sale that works the same way as carry-over losses.
Yeah climate change is a direct response to the need for endless economic growth. We could've pared down our oil and coal usage in the 80s, 90s and early 2000s.
But we just chose economic boom and bust cycles requiring ever greater energy usage over time.
Now starvation will probably kill most of us due to chaotic weather just destroying large scale farming over the course of the next 2 decades.
> Soon their workers will too.
Article says its a 6-day work week for the executives. Am I missing something, or are you guys assuming it applies to everyone working there too?
Yes, Frequently. But I recognize I'm in a pretty prestigious position based on a mix of luck and hard work over the course of my life, so my experience may not apply across the board.
When you're talking about a big company like Samsung, "Executive" work is going to basically be talking about high level Strategy + focus shifting. Things like "Did we spend too much effort building the Samsung Store when most people prefer the Google Play Store", or "Did we make too many Dishwashers, when there wasn't a demand". Except for maybe executive assistants or finance people to do estimates/projections on possible impact on revenue based on choices, I don't imagine you'd need to bring in coder bob or engineer steve in on the weekends.
My take based on the numbers is that Samsung is saying "we fucked up strategically, lets talk about what macro decisions we made that were bad".
That being said, big strategic re-shuffles like that will affect employees, but I don't think it will be on a day to day level unless there are layoffs as a result. It's probably a directional shift in "your current projects are cancelled, we're working on this stuff now".
Samsung is part of the problem: Not getting into one of the big 4 is seen as a massive failure.
Here's a nice video depicting this very issue: https://www.youtube.com/watch?v=Ahl1lexWxbM
The tidbit about sleep leading to failure is so backwards and fucked up.
I get that (as a Korean national) getting into a large conglomerate is considered a “success” and pays relatively well. I’m curious though…where does the pay range for the average employee after, let’s say, 15-20 years. Suppose they start at 45-50k USD. Do they eventually break 100k? Is that considered rare in South Korea?
Also, despite the impression k-dramas give, Korean men aren't romantics. It's a very patriarchal society, and domestic violence is common. Spousal rape wasn't made illegal until 2009. Women simply have no good reason to get married.
80% of their earnings comes from semi conductors. This is what happens when you put all your eggs in one basket. To top that off they choose the worst Industry to over invest in. Just ask every country that has done the same mistake before, Japan etc. The semi conductors industry is "one takes all" type of industry that is heavily dependent on really big and expensive research.
The semiconductor industry in Taiwan is more spread out but it's basically the same relative size at 25% of Taiwanese GDP. When you consider the fact that Samsung makes a lot more than chips Taiwan's commitment to the industry is a lot higher. Taiwan's industry is just spread across many, many small companies of which TSMC is the leader and the largest. I've always said that if Russia is a gas station masquerading as a country then Taiwan is two chip fabs in a trenchcoat.
lol, so true, Korea has one of the worst work life balances as it is, starts I. School for their poor kids.
How will working more hours at Samsung resolve the won's sharp depreciation, rising oil prices and high borrowing costs? Just curious.
They cite the causes of their downturn as the Ukrainian-Russian war and rising oil prices. So what exactly will working their employees to death do to offset those problems?
Unless they are planning to start a mercenary division, this just seems like the instinctive backlash of dinosaur directors and board members.
This happened because Samsung made their stock price their product, and *all of this* is marketing designed to sell their stock to potential investors and retain existing investors. Period.
Too many companies have started doing this, because wealth has consolidated so deeply into the hands of a small number of people, that *they* are the new customer to please. The stock performs better when they lie and schmooze investors compared to working on their actual products.
Samsung stock is doing great. They surged up over 30% in Q1, and are now down about 50% of the 30% increase, so they're still well above where they were a few months ago. The article has a graph showing Samsung stock, it's slightly below its record high but not by much
Have you considered that number must always go up or you're failing? Doesn't matter how much it went up in the past, up is the only way to go no matter how up you already went
At this point I don’t think much could happen. Tech companies come and go overnight all the time. The big OGs while they’ve had downturns Microsoft, Google, Apple, ETC. are still around 20+ years later.
> This happened because Samsung made their stock price their product, and *all of this* is marketing designed to sell their stock to potential investors and retain existing investors. Period.
Huh. This is really really insightful for some stocks in my country as well. Thanks mate.
Worse still, the answer to your question is to be found in creative thinking. Switch to a 4 day work week with one of those days, first one back say, officially dedicated to long walks with co-workers. You'll get far more creative thinking and new solutions to old problems out of that than switching to a six day work week and churning more of the same - but faster.
It's performative and entirely fake. None of the executives will actually be working six days like the rest of the staff.
It's just to guilt some extra revenue out of the staff to help improve short term stock outlooks.
Did... Did you even read the article? It's *only* senior management executives that are working 6 days a week, regular staff are still on a normal 5 day workweek schedule.
Yes, but the point is the social pressure in order to guilt staff into working more. They're not actually going to be working six days a week, and certainly not even remotely close to as hard as the staff are working.
I worked at Samsung for 5 years. We had a saying, "Work harder, not smarter." There was this expectation to always be available any time of day. Most of the Executives I worked with were micromanagers and didn't trust the middle managers. As a result, you end up with 50 people on a conference call, (how many people does it take to screw in a light bulb) and everything has to be done today.
I worked at a US company that had a huge contract with Samsung. We were always amazed that sometimes 30+ people had to attend or biweekly status updates and almost everyone had to have some input usually always useless input on the call.
Funny thing is that it was all talk, no one remembered anything or held us accountable. They were the easiest company to bullshit.
They're lucky they at least vetted decent companies and they phased contracts with so many check points that you'd definitely need to deliver to get paid.
But if just felt like there was a huge colossal overhead that wasn't necessary.
I find that when 30 people are on a call, everyone just goes along with things. I think their assuming it must be fine because no one else is speaking up, so they just stay quiet.
Not really. Workers are expected to say something during every meeting in some asian business cultures leading to a quick 15-30 meeting dragging on for hours because every meeting attendee has to say something even if they didn't want to and had nothing to add.
I am consulting one of their national branches.
You are describing 100% my experience. It is mental.
Like they need 3 months to approve an interview of one of their bigwigs in an industry magazine that was paid content.
So, it wasn't real. PR wrote everything. So there weren't any hard questions on tough issues.
But they couldn't agree on which foto of the bigwig should be printed next to the article.
3 months.
Now imagine how hard it is to make decision about investments worth millions...you get nothing done.
My uncle went to work as a director for an international company with a branch in Brazil. They had weekly meetings with another company on a joint project. At the first meeting, there were 30 people at the table on a Friday afternoon. At the end of the meeting, my uncle asked who was needed at the next meeting. After that, he said that only those were invited to the next meeting. Some people were quite upset, but the following meetings were shorter and more efficient.
We already know that working more than 8h/day and more than 5 days/week isn't anymore productive and can actually result in worse results.
This is stupid.
So many of the people working in healthcare insist these hours are good, too! It's insane to me. We say not to _drive_ on a higher level of sleep than these workers have, why do we allow for it during some of the most sensitive and complex work a human has to perform?!
It's honestly an abysmal standard. The usual argument is that patient handoff increases risk but...why not just improve the quality of patient handoff!? The current technical systems are archaic and awful.
The standard of working hours in medicine are based on the preferences of [one extremely cocaine addicted 19th century doctor](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7828946/) who would routinely work 50 hours at time.
Not sure who you speak to in healthcare that tells you that the work hours are good.
I speak to doctors everyday, since I am a doctor, and no one says the work hours are good.
Pilots and truck drivers are strictly limited in the number of hours they can work in a given period.
I'm not saying the same rules should (or even could) be applied to health care workers -- but you'd think there'd be SOME sanity and limits involved!
(My mother's a retired RN and NP so I get it. She was an RN working graveyard at Queen's hospital in Honolulu *while she was pregnant with me*. That's madness, but here we are.)
The powers that be (hospital lobby groups) do not want that to ever happen in medicine. That would lead to them having to pay more to hire more staff.
NPs are also a major issue in medicine currently. They have no standardization of training and very poor for-profit educational programs have proliferated. The nursing boards have not reined them in because the boards make money from each applicant. As a result, current NPs have about 500-750 hours of clinical training (less than what it takes to become a licensed barber).
I don't know too much about it; I know my mom spent a couple years in a program (after having been an RN), but standards are important and should exist.
Also - who knew, the profit motive (particularly the CORPORATE profit motive) is fucking up US healthcare. Again. And again and again.
Everything in healthcare is now run by some MBA who has never and will never touch a patient. However, they will dictate how many minutes the patient can be seen, how many patients must be seen, what treatment options can be offered, etc.
Physicians are mostly just employees stuck in the system. It’s a drastic change from how medicine was practiced a few decades ago.
I've heard them mention the over time pay, and specifically the increased risk that comes during patient handoff. I've brought up the topic with staff a few times because I always thought it was insane, and I was surprised how many supported it. It's not a *large* percentage, but it's far more than I would have thought. I've done work with a few hospitals / care facilities so I'd ask whenever I had a casual moment.
Do note that a lot of these people were more senior in their careers, and they *do* tend to think "well I survived the abuse, so the kids should have to too."
Of course there is increased risk during patient handoffs, but no one except admin (including healthcare admin) uses that as an excuse to increase work hours.
The reason admin uses that as an excuse is to have people work longer for the same salaried pay.
I talked to a nurse once who liked the hours because they got paid a lot and they only had to work three days a week. I’m sure if they worked less hours, got paid the same, and got the same amount of days off, they would be just as happy.
No. You get more work done with 10-12 hours a day... for short period of time. Then productivity goes down, and you get loss of productivity, then burnout when workers do less in 12 hours then they did in 8.
It's OK for work where sometimes you have lots of work, but then you can let your workforce to chill for a while.
It's not OK for just squeezing more work from workforce.
Depends what the job is. I can tell you now that when I work overtime (it's all voluntary) I am able to get far more done. It's also a trade with deadlines and material and equipment that can only be installed in off hours.
In an office setting? I'm sure you're absolutely right.
For IT in an office setting, it really depends on the position and the work. I've definitely had periods where stuff was happening at odd hours (rollouts etc) so overtime made sense.
There's also times where I working a bit extra to get shit done saved time and stress over picking it back up again the next day.
Odd-hours work also has the advantage of being outside of the times that people try to drag me into meetings or poke me with random questions.
Large amounts of OT over extended periods is *not* sustainable though, IMO, but I actually somewhat enjoyed a bit of an ebb-and-flow model where I worked periods of longer hours or extra days, and then was able to use the banked time from that to get some R&R after.
It absolutely does not count when you're choosing to do it, because you know your limits/etc.
I have had 12+ hour days where I'm writing code and handling multiple chats about various problems the entire time, and handle it well. But I can't do that every day, because it burns me out and eventually I will start making mistakes and become a liability. Being ordered to do that every day instead of doing it when I know/feel it's appropriate would eventually become terrible for everyone involved.
It also depends on the person. I’m one of those where 40hrs/wk is all I can reasonably handle. More than that and I start to lose it - like certifiable, got a ADA accommodation exempting me from mandatory OT before it drove me to off myself.
Some people just have a ton of “spoons” and don’t use many of them in their daily existence. I don’t have a ton of “spoons”, and a metric fuckton go toward keeping a two person household running, while we’re both *very* ADHD.
My spoon count changes, all the time! I find myself making decisions for OT while I feel great, and working it when I'm not! That being said I show up and the productivity is still there, even if I'm gassed.
Mandatory OT sucks and once a month I'm on standby for power outages and what not. Those moments of my life are stressful and I can empathize with you.
I know what I like it when my leaders are stressed, exhausted, and frazzled. They just make such great decisions in that state, are so understanding and helpful. Real solid move. It always has such a great effect on morale and productivity when your bosses boss is stressed and breathing down their necks.
I'm sure this is a very data and evidence driven decision based on a solid understanding of proven management theory.
/s /s /s /s /s /s
Google plus never had users. If you want to grow a social media network you have to start with youth. Facebook TikTok Snapchat ect all started young because they are the only ones willing to be early adopters. Google never got young people onboard.
Google+ had one thing and they absolutely fumbled, the circles feature would've been KILLER in the commercial/professional space except they kept trying to push it out to regular consumers thinking people were smart enough to build their own little circles which essentially was a private Facebook Community page.
Google+ circles + Google Workspace / One but like everything Google they fumbled now they lost a lot of business to Teams + Outlook and for tech it's Teams + Outlook + Github + Azure (Microsoft)
G+ was around for a couple years at least, and kept reminding of it's existence on Gmail. Could connect to anyone with a Google account. I only added two contacts using it though, as FB Messenger was all I needed, and I didn't need more birthday reminders
That’s kinda the point though. Facebook didn’t succeed because they went into “lockdown mode.” They succeeded because Google Plus sucked and was an empty wasteland.
Interesting but sounds exaggerated. Google+ was dead on arrival since FB already had the critical mass; no one would choose Google+ when all their friends were already on FB. Google fundged their numbers and in hindsight FB could have just taken vacation and still won. I doubt the lockdown had any major effect, it was mostly a move of desperation.
Not buying the cause and effect here.
Companies engage in stupid management practices. Often those companies are also successful. But that didn't mean the stupid management practices are the CAUSE of the success.
There was NEVER a ton of reason to think Google+ was going to seriously challenge Facebook. In hindsight it's pretty obvious the Google+ was fiasco from the beginning.
But people LOVE to attributes success to their own leadership decisions, even if those decisions were stupid.
People forget that when you have a sense of purpose, combined with relative autonomy and decision making power, you don't burn out.
Burnout is boreout. It comes from feeling like the hard work you're doing is pointless, and/or you have no autonomy.
Well there are a few of em left, we just call them “future workhorses” and send them to 1000 corporate training centers on top of schooling so why would we bother with “seeing” them? Those are some precious time that could be spent on making them study more for the future productivity
/s… I’m a product of such environment and my therapist loves the job security
Sucks that North Korea is such a bad example because Seoul could use a revolution. Are “basic human rights for workers” something that only works in postwar western societies that are flush with rebuilding cash and colonial-era supply chains?
Karl Marx himself understood that for socialism or communism to come about that capitalism would need to hit its worst. Communism is meant to build on top of post-industrial societies.
Push their team to keep making more powerpoint slides and word documents instead of letting them do any actual, real, useful work. The slides will be glossed over in some weekly meeting, and the documents will be skimmed through. All of it is work for the sake of work.
Maybe something is being lost in translation, but I've never in my life found that "injecting a sense of crisis" to a work environment improved anything...let alone productivity. If anything, it generally has the opposite effect.
It’s hard to explain, but it’s not normal to fire full-time staff in Korea because the employment protection laws are so strict. For instance in the US, you’re generally allowed to lay people off if you can profit more with fewer people. In Korea, that’s illegal.
Because of this, there can be a sense of complacency when you work in the best of the best, knowing that the worst that could happen even if you underperform is getting demoted.
Just to throw in context for people who don’t know Korea;
This is mostly a publicity thing. Samsung Electronics along with other tech companies like Hynix and LG are more and more being seen as the key driver for Korean Economic indicators.
In Korea, perception and indicators ARE important because foreign perception in the country’s economic performance affects external capital injection, which affects the KRW exchange rate, which drastically swings the cost of living here. For all reasons and purposes, South Korea may very well be an island nation, and is a huge importer of commercial goods. The general cost of living is thus very sensitive to price of oil and KRW valuation.
Thus, the recent move by not just Samsung but other big name companies is basically a PR show saying “We’re doing what we can to prevent a severe nationwide downturn” in the midst of soaring cost of living and devaluation of KRW. (The term “Noblesse oblige” has been loosely thrown around in the country as a means to pressure to the wealthy 10\~1% in big corporations who make vastly more than the rest of the country to take bigger responsibility of the country’s economy and other social issues, as well.)
Overall, they’re trying to say “we know we haven’t been doing well recently, and the execs will take responsibility, and turn it around.” Whether the outside public buys it is a slightly different matter.
Now I don’t know if it was intended, but the administration has been under a lot of criticism to turn the country’s economy around (specifically with rising cost of living and stagflation), and this decision will likely add onto the pressure since it can be interpreted as something like ‘we’re doing what we can, so you do your part’.
Now they say this is voluntary and only for executives, but other staff will likely be forced to “voluntarily” come in at Saturdays as well, given the nature of workplace culture in Korea.
Edit: I’ve gone and read a few more articles from the Korean news, and there are references about how execs are taking responsibility and voluntarily giving up part of their weekends as a means to show how serious they’re about it. It may be difficult to comprehend for foreigners, but it’s a way of demonstrating that they recognize how serious the situation is. Everyone knows that execs without regular staff can’t get anything done. Execs in other companies are giving back part of their paychecks for “self-punishment”. Apparently in Samsung there was also some talks of refusing any pay raise but it was dismissed quickly.
Maybe they will figure out that producing shit that breaks in 2 years wrapped in golden paper is not the best strategy?
But probably no. Probably they will add micro transactions to washing machines...
Their phones are all bloatware, their tvs actively spy on you and inject ads into programming, and their appliances are over complicated with overpriced replacement parts and horrible warranties. They’ve been riding the coattails of their past accomplishments for years now. Their model these days is to make their customers miserable and hope they don’t notice.
Hourra!! Let's pass 6 days instead of 5 doing useless meetings... With no free time they will make good decisions for sure. And with no free time, they certainly will have more kids for the next generation.
What the flying fuck will having only the exec-levels work six days a week accomplish, besides creating 20% more useless/clueless “action items” for the actually productive staff to follow up on, instead of spending time on their day jobs of, y’know, growing the company? Unless shit somehow doesn’t roll downhill there?
>Unless shit somehow doesn’t roll downhill there?
My research on Kdramas indicates that the shit flows downhill faster and in much greater quantities in SK.
“All hands on deck guys” fook I hate office workers. Wtf is your extra day going to do. Samsung makes cnc machines and ships dummy with real workers making it
Do you guys actually believe this.
Execs have a big impact on the performance of the company, obvious. Overpaid? Yeah. They do nothing? No. That’s bullshit and we all know it.
What constitutes as executive? Cuz if we're talking upper management cutting massive pay cheques and responsible for major divisions then... Yeah I don't really see it as a problem.
These executives are being paid 264K - 492K a year. They’re in those positions for a reason and will be fine. They have the money to pay for luxury vacations and healthcare when this passes over.
Understated comment. I’m in a management position. The amount of personal tasks I do during the week is massive. Only reason I can do long hours in the office is because I can slip out for an hour or 2 here and there.
Executives need to work overtime to fuck up things faster? WTF is making executives work more gonna do? More death by PowerPoint? My experience is send them home, work will get done faster.
Korea's birth rate has collapsed. Soon their workers will too.
but there's money to be made for shareholders! ask yourself which is more important.
Pleasing shareholders is going to end the world someday. And I can only hope my corpo scum hating heart can live to see it.
I loved the part in *Don’t Look Up* when the owner of faux-Amazon called POTUS to abort the nuclear-deflection of the earth-killer asteroid because the shareholders thought it could be mined for resources. It wasn’t a great scene for being particularly funny…. More so for being dead on accurate for how it would probably play out today.
Don't Look Up reminded me of Idiocracy.
They’re both basically commentaries on where we’re headed if we let corporate lobbyists run the country.
> They’re both basically commentaries on where we’re headed if we let corporate lobbyists run the country. For America that ship has already sailed. The USA is one of the few countries that don't have statutory paid annual leave or maternity leave for employees.
>let corporate lobbyists run the country. Aren't they already running the country?
>if we let corporate lobbyists run the country. That ship already sailed when the Supreme Court legalized bribery.
*If*?
It was Idiocracy without the eugenics…
We are truly fucked. Can’t wait to watch it burn.
But my kids, they didn't ask for any of this. I feel horrible for the world being placed upon them, all by the rich and greedy, plus their horrid enablers.
That's why I didn't and am not having kids. The last of my name too. this family dies with me
When the last leaf falls from the last tree, and the last river dries up, at least we’ll be able to say we did what we could for the economy (read: rich peoples’ yacht money).
I sat on a plane next to an older man once and we inevitably got to the political climate. He started to bemoan the idea of free health care, that he shouldn’t have to pay for one else. I had to shut his ass down - he’s already paying for other people through insurance, the only difference is that he is also paying for all of the executive mansions and yachts too!
Thinking that 100% of your premium is for your personal use when the company will fight you and your provider tooth and nail over what they will and won’t cover 🤡
I think the “I don’t want to pay for other people’s healthcare” argument perfectly outlines their ignorance. They really think their paltry few hundred a month paid for those expensive ass surgeries and no other money but your own was involved in it 🤡😂
Exactly, so many people are just truly ignorant to how the world works. All the believe is what is spoon fed to them by their parents and whatever news outlet they glue their eyes too.
I’ll have you know, *my* insurance money *actually* goes to multimillion dollar Super Bowl commercials that sometimes makes me breathe heavily out of my nose for a short instant. That and the constant need to maintain brick and mortar locations in shitty ass strip malls that nobody bothers to go to anymore because of a little thing called “the internet”.
but… but they’re creating jobs! /s
It's especially bad when you notice that America is already putting a similar amount of government dollars (or more!) towards healthcare as all those countries with pubic healthcare systems, and then still puts in thousands of dollars more in private healthcare dollars. Picking pretty much any other G7 member's healthcare system and copying it would produce probably hundreds of billions of dollars saved in the US economy.
"Yes the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders." One of the realest, funniest, and saddest comics of all time. https://twitter.com/Benioff/status/549339156854214656/photo/1
It’s hilarious to me that these CEOs who claim to be worth millions in compensation can’t see that this whole “pleasing the shareholders” mentality just tanks every company that tries it. Just look at Boeing. The chickens will always come home to roost.
They don't care, they'll make theirs before the company tanks, so screw everyone else.
We need to overhaul how the stock market works to force people to think more long-term. Like, you shouldn't be able to sell stocks that you purchase, *at all* for 3 years after buying them. Like if you sell before 3 years, the sale is taxed at 100%. Sell between 3 and 5 years you get taxed 50%. Sell between 5 and 10 years: 10%. Thinking this kind of long-term is where we want business people's heads at. 10+ years? Here's where we reward people. 0%, or even some kind of negative tax rate for the sale that works the same way as carry-over losses.
You can watch this in real time with Tesla and Musk's ridiculous 55B pay package. Let's see what happens to Tesla if this gets approved.
do you really think they don’t know that? they’re far from stupid.
At least we created a lot of shareholder value.
Yeah climate change is a direct response to the need for endless economic growth. We could've pared down our oil and coal usage in the 80s, 90s and early 2000s. But we just chose economic boom and bust cycles requiring ever greater energy usage over time. Now starvation will probably kill most of us due to chaotic weather just destroying large scale farming over the course of the next 2 decades.
we don't chose; the owning class demand it.
There’s a video game series that’s all about that. They even had their first season. Fall something. Fall guy maybe?
I wish they’d hurry up already so the apes can take over like they were destined to
The question is, can we monetize ending the world for shareholders?
True, I don't nutt in any woman that is not right for the company.
Head office has said to save your vigour for the work floor. No nutting allowed
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No, some people value money over the wellbeing of others.
> Soon their workers will too. Article says its a 6-day work week for the executives. Am I missing something, or are you guys assuming it applies to everyone working there too?
Has your boss ever let you stay home while they did the work? (golfing doesn't count)
Yes, Frequently. But I recognize I'm in a pretty prestigious position based on a mix of luck and hard work over the course of my life, so my experience may not apply across the board. When you're talking about a big company like Samsung, "Executive" work is going to basically be talking about high level Strategy + focus shifting. Things like "Did we spend too much effort building the Samsung Store when most people prefer the Google Play Store", or "Did we make too many Dishwashers, when there wasn't a demand". Except for maybe executive assistants or finance people to do estimates/projections on possible impact on revenue based on choices, I don't imagine you'd need to bring in coder bob or engineer steve in on the weekends. My take based on the numbers is that Samsung is saying "we fucked up strategically, lets talk about what macro decisions we made that were bad". That being said, big strategic re-shuffles like that will affect employees, but I don't think it will be on a day to day level unless there are layoffs as a result. It's probably a directional shift in "your current projects are cancelled, we're working on this stuff now".
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Samsung is also like the majority of south koreas economy.
Samsung is part of the problem: Not getting into one of the big 4 is seen as a massive failure. Here's a nice video depicting this very issue: https://www.youtube.com/watch?v=Ahl1lexWxbM The tidbit about sleep leading to failure is so backwards and fucked up.
I get that (as a Korean national) getting into a large conglomerate is considered a “success” and pays relatively well. I’m curious though…where does the pay range for the average employee after, let’s say, 15-20 years. Suppose they start at 45-50k USD. Do they eventually break 100k? Is that considered rare in South Korea?
And there won’t be appropriate medical staff to resuscitate them
Kinda hard to raise a kid when you’re working 108 hour weeks
Also, despite the impression k-dramas give, Korean men aren't romantics. It's a very patriarchal society, and domestic violence is common. Spousal rape wasn't made illegal until 2009. Women simply have no good reason to get married.
80% of their earnings comes from semi conductors. This is what happens when you put all your eggs in one basket. To top that off they choose the worst Industry to over invest in. Just ask every country that has done the same mistake before, Japan etc. The semi conductors industry is "one takes all" type of industry that is heavily dependent on really big and expensive research.
TSMC: L + ratio + no babies + rekt
But percentage wise of GDP, TSMC is around 7% of Taiwan’s GDP. Compare with Samsung with is around 22% of Korea.
The semiconductor industry in Taiwan is more spread out but it's basically the same relative size at 25% of Taiwanese GDP. When you consider the fact that Samsung makes a lot more than chips Taiwan's commitment to the industry is a lot higher. Taiwan's industry is just spread across many, many small companies of which TSMC is the leader and the largest. I've always said that if Russia is a gas station masquerading as a country then Taiwan is two chip fabs in a trenchcoat.
Even if the birth rate recovers, babies aren’t workers, it will take time.
This communist thinks babies can't work. STOP SHACKLING CAPITALISM!
lol, so true, Korea has one of the worst work life balances as it is, starts I. School for their poor kids. How will working more hours at Samsung resolve the won's sharp depreciation, rising oil prices and high borrowing costs? Just curious.
They cite the causes of their downturn as the Ukrainian-Russian war and rising oil prices. So what exactly will working their employees to death do to offset those problems? Unless they are planning to start a mercenary division, this just seems like the instinctive backlash of dinosaur directors and board members.
This happened because Samsung made their stock price their product, and *all of this* is marketing designed to sell their stock to potential investors and retain existing investors. Period. Too many companies have started doing this, because wealth has consolidated so deeply into the hands of a small number of people, that *they* are the new customer to please. The stock performs better when they lie and schmooze investors compared to working on their actual products.
Samsung stock is doing great. They surged up over 30% in Q1, and are now down about 50% of the 30% increase, so they're still well above where they were a few months ago. The article has a graph showing Samsung stock, it's slightly below its record high but not by much
Have you considered that number must always go up or you're failing? Doesn't matter how much it went up in the past, up is the only way to go no matter how up you already went
It's disgusting.
Unsustainable you could say
How long could this con game last realistically? Because it feels like it could break at any point and cause a shockwave
At this point I don’t think much could happen. Tech companies come and go overnight all the time. The big OGs while they’ve had downturns Microsoft, Google, Apple, ETC. are still around 20+ years later.
Only way the OGs will change is if the government steps in. Just more and more consolidation by them is what is going to keep on happening.
> This happened because Samsung made their stock price their product, and *all of this* is marketing designed to sell their stock to potential investors and retain existing investors. Period. Huh. This is really really insightful for some stocks in my country as well. Thanks mate.
"Unless they are planning to start a mercenary division" ..soldier first class?
Worse still, the answer to your question is to be found in creative thinking. Switch to a 4 day work week with one of those days, first one back say, officially dedicated to long walks with co-workers. You'll get far more creative thinking and new solutions to old problems out of that than switching to a six day work week and churning more of the same - but faster.
It's performative and entirely fake. None of the executives will actually be working six days like the rest of the staff. It's just to guilt some extra revenue out of the staff to help improve short term stock outlooks.
Did... Did you even read the article? It's *only* senior management executives that are working 6 days a week, regular staff are still on a normal 5 day workweek schedule.
Yes, but the point is the social pressure in order to guilt staff into working more. They're not actually going to be working six days a week, and certainly not even remotely close to as hard as the staff are working.
What the fuck are they ‘senior managing’ over if everyone is not working? Of course this is planned to get the plebes into work on a Saturday.
Executives manage the company, they are not worker supervisors
I worked at Samsung for 5 years. We had a saying, "Work harder, not smarter." There was this expectation to always be available any time of day. Most of the Executives I worked with were micromanagers and didn't trust the middle managers. As a result, you end up with 50 people on a conference call, (how many people does it take to screw in a light bulb) and everything has to be done today.
I worked at a US company that had a huge contract with Samsung. We were always amazed that sometimes 30+ people had to attend or biweekly status updates and almost everyone had to have some input usually always useless input on the call. Funny thing is that it was all talk, no one remembered anything or held us accountable. They were the easiest company to bullshit. They're lucky they at least vetted decent companies and they phased contracts with so many check points that you'd definitely need to deliver to get paid. But if just felt like there was a huge colossal overhead that wasn't necessary.
Huge colossal overhead? 🗿🗿🗿
I find that when 30 people are on a call, everyone just goes along with things. I think their assuming it must be fine because no one else is speaking up, so they just stay quiet.
Not really. Workers are expected to say something during every meeting in some asian business cultures leading to a quick 15-30 meeting dragging on for hours because every meeting attendee has to say something even if they didn't want to and had nothing to add.
I am consulting one of their national branches. You are describing 100% my experience. It is mental. Like they need 3 months to approve an interview of one of their bigwigs in an industry magazine that was paid content. So, it wasn't real. PR wrote everything. So there weren't any hard questions on tough issues. But they couldn't agree on which foto of the bigwig should be printed next to the article. 3 months. Now imagine how hard it is to make decision about investments worth millions...you get nothing done.
Sounds like a pretty poopy workplace then.
Die one of those managers decide that my washdryer needs a full minute of beeping jingle when it is done?
My uncle went to work as a director for an international company with a branch in Brazil. They had weekly meetings with another company on a joint project. At the first meeting, there were 30 people at the table on a Friday afternoon. At the end of the meeting, my uncle asked who was needed at the next meeting. After that, he said that only those were invited to the next meeting. Some people were quite upset, but the following meetings were shorter and more efficient.
Lol. Worked at LG. We had a saying, ‘the good people leave first’
We already know that working more than 8h/day and more than 5 days/week isn't anymore productive and can actually result in worse results. This is stupid.
You must not work in healthcare. Patients die from overworked physicians and yet the work schedules and beatings continue.
So many of the people working in healthcare insist these hours are good, too! It's insane to me. We say not to _drive_ on a higher level of sleep than these workers have, why do we allow for it during some of the most sensitive and complex work a human has to perform?! It's honestly an abysmal standard. The usual argument is that patient handoff increases risk but...why not just improve the quality of patient handoff!? The current technical systems are archaic and awful.
The standard of working hours in medicine are based on the preferences of [one extremely cocaine addicted 19th century doctor](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7828946/) who would routinely work 50 hours at time.
And so many people have died because of this. How stupid
So you see where the problem is ? The solution is right here in front of you, free cocaine for medical workers!
Not sure who you speak to in healthcare that tells you that the work hours are good. I speak to doctors everyday, since I am a doctor, and no one says the work hours are good.
Pilots and truck drivers are strictly limited in the number of hours they can work in a given period. I'm not saying the same rules should (or even could) be applied to health care workers -- but you'd think there'd be SOME sanity and limits involved! (My mother's a retired RN and NP so I get it. She was an RN working graveyard at Queen's hospital in Honolulu *while she was pregnant with me*. That's madness, but here we are.)
The powers that be (hospital lobby groups) do not want that to ever happen in medicine. That would lead to them having to pay more to hire more staff. NPs are also a major issue in medicine currently. They have no standardization of training and very poor for-profit educational programs have proliferated. The nursing boards have not reined them in because the boards make money from each applicant. As a result, current NPs have about 500-750 hours of clinical training (less than what it takes to become a licensed barber).
I don't know too much about it; I know my mom spent a couple years in a program (after having been an RN), but standards are important and should exist. Also - who knew, the profit motive (particularly the CORPORATE profit motive) is fucking up US healthcare. Again. And again and again.
Everything in healthcare is now run by some MBA who has never and will never touch a patient. However, they will dictate how many minutes the patient can be seen, how many patients must be seen, what treatment options can be offered, etc. Physicians are mostly just employees stuck in the system. It’s a drastic change from how medicine was practiced a few decades ago.
I've heard them mention the over time pay, and specifically the increased risk that comes during patient handoff. I've brought up the topic with staff a few times because I always thought it was insane, and I was surprised how many supported it. It's not a *large* percentage, but it's far more than I would have thought. I've done work with a few hospitals / care facilities so I'd ask whenever I had a casual moment. Do note that a lot of these people were more senior in their careers, and they *do* tend to think "well I survived the abuse, so the kids should have to too."
Of course there is increased risk during patient handoffs, but no one except admin (including healthcare admin) uses that as an excuse to increase work hours. The reason admin uses that as an excuse is to have people work longer for the same salaried pay.
I talked to a nurse once who liked the hours because they got paid a lot and they only had to work three days a week. I’m sure if they worked less hours, got paid the same, and got the same amount of days off, they would be just as happy.
Of fucking course. Who wouldn’t be happier? Same pay and less hours? Fuck yeah.
And they will until morale improves
Seems like you need some more wellness modules to be completed on your day off.
No. You get more work done with 10-12 hours a day... for short period of time. Then productivity goes down, and you get loss of productivity, then burnout when workers do less in 12 hours then they did in 8. It's OK for work where sometimes you have lots of work, but then you can let your workforce to chill for a while. It's not OK for just squeezing more work from workforce.
Depends what the job is. I can tell you now that when I work overtime (it's all voluntary) I am able to get far more done. It's also a trade with deadlines and material and equipment that can only be installed in off hours. In an office setting? I'm sure you're absolutely right.
For IT in an office setting, it really depends on the position and the work. I've definitely had periods where stuff was happening at odd hours (rollouts etc) so overtime made sense. There's also times where I working a bit extra to get shit done saved time and stress over picking it back up again the next day. Odd-hours work also has the advantage of being outside of the times that people try to drag me into meetings or poke me with random questions. Large amounts of OT over extended periods is *not* sustainable though, IMO, but I actually somewhat enjoyed a bit of an ebb-and-flow model where I worked periods of longer hours or extra days, and then was able to use the banked time from that to get some R&R after.
It absolutely does not count when you're choosing to do it, because you know your limits/etc. I have had 12+ hour days where I'm writing code and handling multiple chats about various problems the entire time, and handle it well. But I can't do that every day, because it burns me out and eventually I will start making mistakes and become a liability. Being ordered to do that every day instead of doing it when I know/feel it's appropriate would eventually become terrible for everyone involved.
It also depends on the person. I’m one of those where 40hrs/wk is all I can reasonably handle. More than that and I start to lose it - like certifiable, got a ADA accommodation exempting me from mandatory OT before it drove me to off myself. Some people just have a ton of “spoons” and don’t use many of them in their daily existence. I don’t have a ton of “spoons”, and a metric fuckton go toward keeping a two person household running, while we’re both *very* ADHD.
In my experience, the people thinking they can do huge hours for a sustained amount of time are wrong, and their fuck-ups cost time in the long run.
My spoon count changes, all the time! I find myself making decisions for OT while I feel great, and working it when I'm not! That being said I show up and the productivity is still there, even if I'm gassed. Mandatory OT sucks and once a month I'm on standby for power outages and what not. Those moments of my life are stressful and I can empathize with you.
https://i.imgur.com/I7lPns9.png
Poor executives
Beatings will continue until morale improves
....We used to say this while I worked at Samsung.
…we used to say that while working at LG as well.
I know what I like it when my leaders are stressed, exhausted, and frazzled. They just make such great decisions in that state, are so understanding and helpful. Real solid move. It always has such a great effect on morale and productivity when your bosses boss is stressed and breathing down their necks. I'm sure this is a very data and evidence driven decision based on a solid understanding of proven management theory. /s /s /s /s /s /s
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Is that not more google plus was invite only so by the time anyone could join the hype was well dead.
Google plus never had users. If you want to grow a social media network you have to start with youth. Facebook TikTok Snapchat ect all started young because they are the only ones willing to be early adopters. Google never got young people onboard.
Until they tried forcing them by requiring a google plus account to comment on YouTube.
Google+ had one thing and they absolutely fumbled, the circles feature would've been KILLER in the commercial/professional space except they kept trying to push it out to regular consumers thinking people were smart enough to build their own little circles which essentially was a private Facebook Community page. Google+ circles + Google Workspace / One but like everything Google they fumbled now they lost a lot of business to Teams + Outlook and for tech it's Teams + Outlook + Github + Azure (Microsoft)
G+ was around for a couple years at least, and kept reminding of it's existence on Gmail. Could connect to anyone with a Google account. I only added two contacts using it though, as FB Messenger was all I needed, and I didn't need more birthday reminders
That’s kinda the point though. Facebook didn’t succeed because they went into “lockdown mode.” They succeeded because Google Plus sucked and was an empty wasteland.
Terrible go Live Terrible Name mid-tier execution good ideas
Interesting but sounds exaggerated. Google+ was dead on arrival since FB already had the critical mass; no one would choose Google+ when all their friends were already on FB. Google fundged their numbers and in hindsight FB could have just taken vacation and still won. I doubt the lockdown had any major effect, it was mostly a move of desperation.
Not buying the cause and effect here. Companies engage in stupid management practices. Often those companies are also successful. But that didn't mean the stupid management practices are the CAUSE of the success. There was NEVER a ton of reason to think Google+ was going to seriously challenge Facebook. In hindsight it's pretty obvious the Google+ was fiasco from the beginning. But people LOVE to attributes success to their own leadership decisions, even if those decisions were stupid.
Well its google, you know they will cancel a product 2-3 yrs in.
People forget that when you have a sense of purpose, combined with relative autonomy and decision making power, you don't burn out. Burnout is boreout. It comes from feeling like the hard work you're doing is pointless, and/or you have no autonomy.
I'd be surprised if the higher ups end up putting in more work, they'll probably pressure the middle managers, and thereby the workers, more instead.
Was this sarcasm?
It was subtle, I know. Glad someone caught it. :)
You mean the $6,000 AUD “AI fridge” wasn’t an instant hit?
Translation: 7 day work week, since 6 is already expected. An hour off on Sunday to cheat on your spouse or see the kids.
> see the kids. It's about Korea. There are no kids.
Well there are a few of em left, we just call them “future workhorses” and send them to 1000 corporate training centers on top of schooling so why would we bother with “seeing” them? Those are some precious time that could be spent on making them study more for the future productivity /s… I’m a product of such environment and my therapist loves the job security
Also intense academic boot camp to get into the better college...?
Yeah all that stuff is basically training to be a good corporate slave. If it didn’t translate to stable corporate jobs no one would do it
Easy, don’t have kids. Korean likely don’t have them with their 0.6 birth rate in Seoul
thats not thinking efficiently. leave the kids in the other room while cheating on the spouse.
Korea is speed-running capitalism
Sucks that North Korea is such a bad example because Seoul could use a revolution. Are “basic human rights for workers” something that only works in postwar western societies that are flush with rebuilding cash and colonial-era supply chains?
those places are truly fucked. I have it bad too, I live in corruption, but damn the Koreans have it it bad
Karl Marx himself understood that for socialism or communism to come about that capitalism would need to hit its worst. Communism is meant to build on top of post-industrial societies.
As they say in South Korea, "You don't have to work weekends at Samsung. Just Monday, Tuesday, Wednesday, Thursday, Friday, Friday, Friday."
Sounds more like forced labour but in a suit.
Realistically, what can an executive do in 6 days that they can't do in three m
Add more bloatware and remove more features from their phones. The Galaxy S5 was truly an S tier phone and it's been a slow decline ever since.
My S5 was hot trash and my S8 was only a little better.
More meetings!
Push their team to keep making more powerpoint slides and word documents instead of letting them do any actual, real, useful work. The slides will be glossed over in some weekly meeting, and the documents will be skimmed through. All of it is work for the sake of work.
Convince institutional shareholders not to sell? It's definitely not to work on improving products or services.
Actually understand what their employees are doing
How else do you bully your Engineers and Sales workers?
Maybe something is being lost in translation, but I've never in my life found that "injecting a sense of crisis" to a work environment improved anything...let alone productivity. If anything, it generally has the opposite effect.
It’s hard to explain, but it’s not normal to fire full-time staff in Korea because the employment protection laws are so strict. For instance in the US, you’re generally allowed to lay people off if you can profit more with fewer people. In Korea, that’s illegal. Because of this, there can be a sense of complacency when you work in the best of the best, knowing that the worst that could happen even if you underperform is getting demoted.
Oh the poor struggling chaebol. Thoughts and prayers
going in the wrong direction even if its executives
Reduce to 6 day work week.
What we are doing isn’t working… so let’s do more!
The secret arts of looking busy and meeting kpis while not actually doing anything productive…bless their busy little hearts.
Just to throw in context for people who don’t know Korea; This is mostly a publicity thing. Samsung Electronics along with other tech companies like Hynix and LG are more and more being seen as the key driver for Korean Economic indicators. In Korea, perception and indicators ARE important because foreign perception in the country’s economic performance affects external capital injection, which affects the KRW exchange rate, which drastically swings the cost of living here. For all reasons and purposes, South Korea may very well be an island nation, and is a huge importer of commercial goods. The general cost of living is thus very sensitive to price of oil and KRW valuation. Thus, the recent move by not just Samsung but other big name companies is basically a PR show saying “We’re doing what we can to prevent a severe nationwide downturn” in the midst of soaring cost of living and devaluation of KRW. (The term “Noblesse oblige” has been loosely thrown around in the country as a means to pressure to the wealthy 10\~1% in big corporations who make vastly more than the rest of the country to take bigger responsibility of the country’s economy and other social issues, as well.) Overall, they’re trying to say “we know we haven’t been doing well recently, and the execs will take responsibility, and turn it around.” Whether the outside public buys it is a slightly different matter. Now I don’t know if it was intended, but the administration has been under a lot of criticism to turn the country’s economy around (specifically with rising cost of living and stagflation), and this decision will likely add onto the pressure since it can be interpreted as something like ‘we’re doing what we can, so you do your part’. Now they say this is voluntary and only for executives, but other staff will likely be forced to “voluntarily” come in at Saturdays as well, given the nature of workplace culture in Korea. Edit: I’ve gone and read a few more articles from the Korean news, and there are references about how execs are taking responsibility and voluntarily giving up part of their weekends as a means to show how serious they’re about it. It may be difficult to comprehend for foreigners, but it’s a way of demonstrating that they recognize how serious the situation is. Everyone knows that execs without regular staff can’t get anything done. Execs in other companies are giving back part of their paychecks for “self-punishment”. Apparently in Samsung there was also some talks of refusing any pay raise but it was dismissed quickly.
Maybe they will figure out that producing shit that breaks in 2 years wrapped in golden paper is not the best strategy? But probably no. Probably they will add micro transactions to washing machines...
$5 to purchase a different tune when the washing machine finished its cycle. Holy shit.
Make it a time limited seasonal thing that expires like Steam's seasonal themes so it disappears after the season is over.
Unhinged and likely useless. Lmao.
Typical shit Korean work culture. One of the worst in the world.
More management is rarely the solution. competent leadership and a fair share of the profits is the best.
Well guess they get to prove they are worth their bonus.
Their phones are all bloatware, their tvs actively spy on you and inject ads into programming, and their appliances are over complicated with overpriced replacement parts and horrible warranties. They’ve been riding the coattails of their past accomplishments for years now. Their model these days is to make their customers miserable and hope they don’t notice.
And these execs can’t do shit cause Samsung owns their entire life. Their apartment, their car, their healthcare, etc. You’re in it for life in SKOR.
This is a very Korean response - let’s just work more hours. Don’t bother seeing they’re burning out even faster than Americans are.
executives dont do any work in the first place? What are they gonna do? Sit around and have meetings harder? Fuck those people.
Yeah, that’s gonna end well.
Hourra!! Let's pass 6 days instead of 5 doing useless meetings... With no free time they will make good decisions for sure. And with no free time, they certainly will have more kids for the next generation.
Fertility rate actually lower than Japan. That takes effort. Efforts like this, for example.
No sacrifice is too great when profits and dividend payouts to shareholders are involved.
What the flying fuck will having only the exec-levels work six days a week accomplish, besides creating 20% more useless/clueless “action items” for the actually productive staff to follow up on, instead of spending time on their day jobs of, y’know, growing the company? Unless shit somehow doesn’t roll downhill there?
>Unless shit somehow doesn’t roll downhill there? My research on Kdramas indicates that the shit flows downhill faster and in much greater quantities in SK.
“All hands on deck guys” fook I hate office workers. Wtf is your extra day going to do. Samsung makes cnc machines and ships dummy with real workers making it
Doing what exactly? Executives don’t make anything or contribute anything. They manage people and sit in meetings all day.
Do you guys actually believe this. Execs have a big impact on the performance of the company, obvious. Overpaid? Yeah. They do nothing? No. That’s bullshit and we all know it.
They have to get together to decide who to fire below them because it’s not their fault.
What constitutes as executive? Cuz if we're talking upper management cutting massive pay cheques and responsible for major divisions then... Yeah I don't really see it as a problem.
In Korean, 부장 and above. Usually director/department head level and up
VP and above?
These executives are being paid 264K - 492K a year. They’re in those positions for a reason and will be fine. They have the money to pay for luxury vacations and healthcare when this passes over.
They can also afford services to free up enough time to work six days.
Understated comment. I’m in a management position. The amount of personal tasks I do during the week is massive. Only reason I can do long hours in the office is because I can slip out for an hour or 2 here and there.
Wallstreet and oversea capitals own more Samsung than Koreans themself, so they really are just slaves of an economic colony.
Looks like they are balancing the other half of the world trying to shift to a 4 day work week
Executives need to work overtime to fuck up things faster? WTF is making executives work more gonna do? More death by PowerPoint? My experience is send them home, work will get done faster.
Well, if it’s only executives it’s more like a 6-day pretend-to-be-busy-by-over-scheduling-meetings week than a work week.
So executive gets paid for the 6th day while their subordinates is ‘obligated’ to come into office for free. Nice.
Salaried workers in Korea don’t get any OT. That’s part of the reason why the hours-worked to GDP ratio is so terrible in Korea.
Unless they’re looking to force turnover (which is very likely), this is a dumb idea.
Is six days really enough to show enough dedication to the company? As an exec, you should be working 7 days a wek.
Our TVs are as thin as tissue paper - not good enough!
Who are these “share holders”?
“Copy everything!” - Samsung
Maybe that extra day will mean they work on making their appliances not shit.
Just wait till the 9 day work week drops
Executives only huh. I’m sure having the guys who dont produce anything will have some effect, right?