ecns [expanded by feedex.net]: Head of China's SOEs report drop in salary

ecns [expanded by feedex.net]

ecns

Head of China's SOEs report drop in salary
http://www.ecns.cn/video/2016/04-07/205799.shtml
Apr 7th 2016, 10:33





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How much did the CEOs of China's state-owned enterprises get paid in 2015, in the ongoing wave of the SOE reform? Well, China's online publication, the Paper, surveyed 48 of them to find out.
The salaries of eighteen CEOs dropped -- that's three in every eight surveyed -- the worst hit was the CEO of Guodian Nanjing Automation, a company which sells electrical power equipment and provides energy-saving solutions. His pay-packet was slashed by almost 70 percent. But he was still not the one who earned the least!
The CEO of Yunnan Copper earned only 60-thousand yuan, or about 9,200 US dollars last year. That's a hundred times LESS than the chief of China International Marine Containers - who grossed more than six million yuan. The Marine Shipping Business is where the money is...with three CEOs in this industry being compensated by more than one million yuan for their services...they make the survey's Top-10. Maybe not surprisingly, in the context of international oil prices, paypackets of energy firm CEOs took a large hit.
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