The Traderszone Network

Published in TZ Latest News 8 September, 2014 by The TZ Newswire Staff

‘Overpaid’ Chief of Bank in China Means 2% of What Dimon Gets

Jiang Jianqing, chairman of Industrial & Commercial Bank of China Ltd., earned less than 2 percent of Jamie Dimon’s compensation last year while reporting twice the profit of JPMorgan Chase & Co. Instead of a reward, Jiang is poised for a pay cut. China’s government said last month it will reduce salaries for executives at state-owned companies because “unreasonably high” incomes have become a source of public discontent.

read more