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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