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Hi-Tech / Hardware

Samsung employees mistakenly gave 105 billion dollars

IXBT.com: ProAudio 14.04.2018 at 12:10

IXBT.com (http://www.ixbt.com is a specialized Russian analytical server, covering hardware, personal computers, communications and servers, 3D graphics and audio, digital photo and video, Hi-Fi equipment and projectors, mobile communications and peripherals, gaming and much more.

One of the biggest South Korean brokerage Samsung Securities intended to pay employees holding shares, a dividend of KRW 1,000 per share (less a dollar). However, by mistake, each employee received 1,000 shares of the company per each share, which he already possessed. Only thus was accrued to 2.83 billion of non-existent shares worth about 105 billion dollars, which is 30 times more than the actual cost of Samsung Securities.

Before the error was discovered and corrected, 16 employees had to sell their shares. The stock Samsung Securities immediately fell by 12%, demonstrating the largest decline in all the time since the global financial crisis.

the regulator has already begun an audit of the company Samsung Securities, and a giant pension Fund refused her services. The broker has promised to severely punish employees who sold shares, and to indemnify investors affected by the error.

Tags: Samsung

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