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[Alpha Biz=(Chicago) Reporter Kim Jisun] Kim Ki-soo, the second-largest shareholder of Daol Investment & Securities, sent a shareholders' letter on the 19th, including a cut in performance compensation for Daol Financial Group Chairman Lee Byung-chul.
Kim insisted that if there is performance compensation that has yet to be paid due to the delay of Chairman Lee Byung-chul or if there is any performance compensation to be paid this year, it should not be deducted or paid in consideration of the company's loss.
As for the amount of performance compensation already paid, it was suggested that the company pay back and cut the amount of compensation for next year to share the pain of shareholders and executives and employees due to poor performance as part of responsible management.
They argue that Chairman Lee's performance compensation should be cut amid sharply deepening losses, with Daol Investment & Securities Co. recording operating losses for four consecutive quarters since the fourth quarter of last year and an operating loss of 66.7 billion won by the third quarter of this year.
According to Kim, Chairman Lee received 1.8 billion won in basic salary and business operating expenses last year and this year. Also, the total amount of salary received from the company from 2016 to last year is 12.869 billion won.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
