USEUROPEAFRICAASIA 中文双语Français
Home / Comment

Salary gesture scrutinized

China Daily | Updated: 2009-03-03 07:49

Last year, Ma Mingzhe, chairman of the board and CEO of Ping An Insurance, took home a whopping salary of 66 million yuan even though his company incurred a 22.8 billion-yuan investment loss in Fortis, a Belgian-Dutch bank. He claims he will take nothing home this year. Is his promise a positive move? The following comments were posted on the website news.ifeng.com:

Responding to media fire on Ma Mingzhe's excessive salary last year, Ma has declared that this year he will not take a salary from Ping An. However, the sincerity of his move is doubtful.

Ma possesses a holding in Ping An, which guarantees a high income despite his zero-salary, and his excessive remuneration package last year has already made him a fat cat. The zero salary is just a public relations stunt. The contrast between his sky-high compensation last year and forgoing this year's also reveals he decides his own salary arbitrarily.

Salary gesture scrutinized

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US