China Showing the way to run a business

[dex]

Bloomberg.com: Worldwide

China’s biggest supplier of concrete-making equipment, plans to cut its chairman’s annual salary to 15 cents and slash the pay of board members by as much as 90 percent because of the financial crisis.
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The board won’t consider pay cuts for employees below mid- level management, the statement said. Xiang was paid 550,000 yuan in 2007, and Yi 470,000 yuan, according to Sany’s latest available annual report. Tang’s compensation wasn’t disclosed.

 

[BunsGettingFirm]

Ah, taking responsibilities with the perks and big pay. It's very foreign concept. Here in the US we pay people for screwing up on a major scale.

 

[jambo101]

Be nice if their new found political correctness also included their environmental policies China’s Environmental Crisis - Council on Foreign Relations