Tag: Salaries

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China Orders Pay Cuts for Bosses

Top Chinese executives have been told to cut their salaries. From BBC: Executives of state-owned banks and insurers in China have been told to cut their salaries to ease the disparity between themselves and Chinese workers. A government directive said that individual financial enterprises paid top executives too much. The ruling came amid growing concern about the economic downturn, which has put some 20 million people out of work. Executive pay in China is modest by Western