Embedded Systems Conference
Breaking News
Comments
Newest First | Oldest First | Threaded View
elctrnx_lyf
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
elctrnx_lyf   9/3/2011 3:59:01 AM
NO RATINGS
Does other companies need to follow Samsung to provide similar insurance for their employees. What is so special at Samsung that causes their employees to infected by cancer? This idea by Samsung actually creating new doubts rather than happiness among employees.

Peter Clarke
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
Peter Clarke   9/1/2011 5:05:26 PM
NO RATINGS
@joshxdr If you read closely you will see it is the cost of treatment for up to ten years AND $94,000 IF the sufferer dies during treatment. This is all according to The Korean Herald

joshxdr
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
joshxdr   9/1/2011 4:34:18 PM
NO RATINGS
If $94,000 is not a typo, that sounds obsurdly cheap for 10 years of cancer treatment. I don't know the exact numbers, I would assume a single year of cancer treatment in the US would be close to $100,000.

Salio
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
Salio   9/1/2011 3:16:39 AM
NO RATINGS
This is pathetic for Samsung to say something like this. If they are or were working at Samsung and they have cancer, they need to be looked at thoroughly to see what caused it. It sounds fishy to me for Samsung to just out of their good will offer money for medical bills. I am just not sure what the time requirement is for???

Etmax
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
Etmax   9/1/2011 12:08:44 AM
NO RATINGS
My guess is that they reason that any cancer caused by Samsung wafer fab chemicals will show up within 3 years and as others point out they will be either dead or cured after 10.

Code Monkey
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
Code Monkey   8/31/2011 9:15:31 PM
NO RATINGS
I think that after 10 years of treatments, the patient will either be cured or dead. Probably sooner, and Korean medicine doesn't have the bloated cost structure of US medicine. This is cheap damage control.

selinz
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
selinz   8/31/2011 5:21:02 PM
NO RATINGS
Perhaps they are offering a settlement up front that would likely be the outcome of a court case. Then they don't have to pay the lawyers and don't "admit" guilt.

Peter Clarke
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
Peter Clarke   8/31/2011 3:10:15 PM
NO RATINGS
I am not sure there is any logic behind the ten- and three-year limitations. As Samsung is stressing they are not doing this because they feel any responsibility but out of humanitarian feeling. Possibly the application of these numbers to Samsung's current profile of known retirees with cancer produces an "affordable" bill. It is also worth noting that the payments are based on retirement rather than departure from the company.

wilber_xbox
User Rank
Author
re: Reports: Samsung to pay retirees with cancer
wilber_xbox   8/31/2011 2:14:21 PM
NO RATINGS
i did not understand the logic behind the support for only 10 years and 3 years after retirement. I guess that there will be additional conditions such as the person should not have worked after retirement as this will be difficult to find whether the person got cancer from the new employer or Samsung.



Radio
NEXT UPCOMING BROADCAST
In conjunction with unveiling of EE Times’ Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. One of Silicon Valley's great contributions to the world has been the demonstration of how the application of entrepreneurship and venture capital to electronics and semiconductor hardware can create wealth with developments in semiconductors, displays, design automation, MEMS and across the breadth of hardware developments. But in recent years concerns have been raised that traditional venture capital has turned its back on hardware-related startups in favor of software and Internet applications and services. Panelists from incubators join Peter Clarke in debate.
Flash Poll
Top Comments of the Week
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
Special Video Section
The LT®3042 is a high performance low dropout linear ...
Chwan-Jye Foo (C.J Foo), product marketing manager for ...
The LT®3752/LT3752-1 are current mode PWM controllers ...
LED lighting is an important feature in today’s and future ...
Active balancing of series connected battery stacks exists ...
After a four-year absence, Infineon returns to Mobile World ...
A laptop’s 65-watt adapter can be made 6 times smaller and ...
An industry network should have device and data security at ...
The LTC2975 is a four-channel PMBus Power System Manager ...
In this video, a new high speed CMOS output comparator ...
The LT8640 is a 42V, 5A synchronous step-down regulator ...
The LTC2000 high-speed DAC has low noise and excellent ...
How do you protect the load and ensure output continues to ...
General-purpose DACs have applications in instrumentation, ...
Linear Technology demonstrates its latest measurement ...
10:29
Demos from Maxim Integrated at Electronica 2014 show ...
Bosch CEO Stefan Finkbeiner shows off latest combo and ...
STMicroelectronics demoed this simple gesture control ...
Keysight shows you what signals lurk in real-time at 510MHz ...
TE Connectivity's clear-plastic, full-size model car shows ...