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Market Chatter: Samsung SDS Scraps Stock Incentive Plan Following Employee Opposition

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Samsung SDS (KRX:018260) has abandoned a proposed shift from cash-based incentives to treasury share compensation after the plan secured only around 40% support in an employee vote, according to a report by The Korea Times on Wednesday.

This comes on the back of the formation of the company's first labor union which has attracted more than 5,500 members, the report said.

Employees opposed the proposed plan since it would have been linked to both the company's share price and the KOSPI IT services index, thus resulting in a potential fluctuation of the compensation, the report noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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