Salaries of China’s Top Executives
A Shanghai-based consulting firm recently published a report on the annual salary of top executives in China’s listed companies.
According to the report, in 2006, the average annual salary of those top executives increased 18% compared with that of year 2005.
The happy man below is the top earner.
He is the chairman of Shenzhen Development Bank. He got US$ 1.3 million for his salary last year.
The second person in the list is the General Manager of CIMC, a container manufacturer. He earned US$ 760,000 salary last year. The top executive from Bank of China follows with a salary of US$ 730,000.
These figures do not include the share value they have.
The annual salary of the least-earners maybe more interesting. If we make a list with the least-earner of the China’s listed companies, we can have these three on top.
1. ST. TongCheng (Retailing), US$ 2,500
2. XianChengShiYe(Textile), US$2,600
3. JinHuaLuJian (Chemicals), US$ 2,610
They earn less than manager’s monthly income in Singapore.
The consultant makes a special statement in the report, “Retain a suspicion of the integrity of these companies and the authenticity and integrity of the information disclosed.”
Maybe these executives are China’s Lee Iacocca.
Who knows.