From CNET: Samsung customers who have had products recalled are not the only ones feeling cheesed off at the company as 2016 draws to a close.
Feeling pressure from disgruntled shareholders, Samsung is set to announce changes on Tuesday that could boost the amount of profit returned to investors. Some shareholders are even encouraging the company to consider splitting in two, leaving a holding company and an operating company, according to Reuters.
Samsung has been beset with problems, not least of them the recalls this year of the Samsung Galaxy Note 7 and of 2.8 million washing machines. Political scandal has also led to the company's offices in Seoul being raided on two separate occasions. Investors have begun to voice concerns about the way the company is run.
Leading the call for the split is US-based activist hedge fund Elliot Management, which owns a 0.6 percent stake in the Korean tech giant. The fund also wants to see the company add three independent board members, list shares on the US stock market and pay out a special dividend of 30 trillion won ($26 billion) to shareholders.
Activist investors often light a fire under companies, nagging healthy ones to be more generous with shareholder payouts and pushing troubled ones to make hard decisions about their future. Billionaire Carl Icahn in recent years has targeted Apple, eBay and Dell with varying degrees of success, while in 2015 Chris Sacca hounded Twitter to name a permanent CEO and in August of this year Starboard Value got Yahoo to shake up its board.
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