Shareholders are urging Samsung to split the company in two
Samsung Galaxy Note 7 owners are not the only people who feel frustrated with Samsung right now. As the year comes to an end, shareholders are urging Samsung to split the company in two. The split would turn Samsung into one holding company and one operating company.
It’s no mystery that Samsung has not had an easy past few months. The Note 7 recall was just one problem. All of the trouble has led investors to worry about how the company is run. On top of splitting in two, a US-based hedge fund is urging Samsung to add three independent board members and list shares on the US stock market. We don’t know how seriously Samsung is considering these options, but it shouldn’t affect their mobile division too much.
[via Reuters]