Posted by & filed under Part 3 Management: Empowering People to Achieve Business Objectives.

Description: You wouldn’t know it by his pay stubs, but Jiang Jianqing heads the world’s largest bank. Jiang, chairman of Industrial and Commercial Bank of China, made just $234,700 in 2008. That’s less than 2 percent of the $19.6 million awarded to Jamie Dimon, chief executive of the world’s fourth-largest bank, JPMorgan Chase & Co.

Source: Reuters.com

Date: 9/23/2009

Keys: Management, HR, ethics

Link:  http://www.reuters.com/article/newsOne/idUSTRE58M2QU20090923

Questions for discussion:

  • Do you think U.S. bank CEOs are fairly compensated? Explain your thinking.
  • How else could compensation for these sorts of important managerial positions be decided? Explain your answer.

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